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“# Pro traders look for this classic pattern to spot Bitcoin price reversals ” Every trader aims to buy low and sell high, but only a few are able to muster the courage to go against the herd and purchase when the downtrend reverses direction. When prices are falling, the sentiment is negative and fear…
“# Bitcoin ‘supercycle’ sets up Q4 BTC price top as illiquid supply hits all-time high ” Bitcoin (BTC) is gearing up for a comeback which should lead it to repeat classic bull run years 2013 and 2017, analysts are arguing. As $42,400 local highs appeared on July 31, narratives around the market are flipping back…
“# Bitcoin records rare 10-day winning streak as BTC price taps $42K ceiling ” Bitcoin (BTC) shot to new highs of $42,400 on July 31 in a surprise attack on range resistance which sellers failed to squash. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin seals 10 green candles in first since 2012 Data from…
“# Traders forecast $3K Ethereum price but derivatives data suggests otherwise ” Ether (ETH) rallied 35% over the past ten days and reclaimed the critical $2,300 support, but the crucial $2,450 local top hasn’t been tested since June 17. Part of the recent recovery can be attributed to the London hard fork, which is expected…
“# 5 easy ways crypto investors can make money without needing to trade ” Large price jumps and 100x gains get a lot of attention from pundits and influencers in the cryptocurrency community because they offer the hope of overnight riches. In reality, these opportunities are few and far between. Not to mention, only a…
“# Price analysis 7/30: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC ” Bitcoin (BTC) and most major altcoins seem to be faltering near their respective overhead resistance levels. This suggests that some investors are continuing to sell at higher levels. However, 21st Paradigm co-founder Dylan LeClair said that on-chain data shows “big…
“# Cardano risks 60%-90% drop, warns trader with ADA painting a classic bearish pattern ” Cardano is close to attaining the title of a fully-fledged smart contracts platform following a critical upgrade in mid-July. The project’s founder Charles Hoskinson confirmed that they recently processed the sales of more than $10 million worth of non-fungible tokens…
“# $25B investment firm adds ‘riskier’ Grayscale GBTC and ETHE for clients ” Bitcoin (BTC) and Ether (ETH) exposure has come to one of the world’s biggest automated investment firms. In a blog post on July 29, Wealthfront, which has $25 billion in assets, confirmed that it had added two Grayscale funds to its suite…
“# Bitcoin accumulation accelerates among ‘whales’ and ‘fish’ with BTC rallying to $40K ” Both small and rich Bitcoin (BTC) traders accumulated the benchmark cryptocurrency en masse during the period its prices rose from below $30,000 to over $40,000, signaling their confidence in the asset’s long-term bullish setup. The basis of the upside outlook came…
“# Bitcoin OTC desks buzz as analyst warns big players ‘want your Bitcoin’ ” Bitcoin (BTC) is being aggressively bought up by institutional entities this week as data shows over-the-counter (OTC) trading volumes spiking. As noted by Dylan LeClair, co-founder of analytics and advisory firm 21st Paradigm, high net worth individuals have clear interest in…