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Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support

Since mid-February, the bitcoin market has continued to drift upward toward a band of strong, macro resistance (shown below as a red band). This slow, drift upward marks our fourth test of the resistance zone and, unlike the three prior tests, our rejection of the level has shown a weakness on the side of the bears:Figure 1: BTC-USD, Daily Candles, Fourth RejectionIf we compare the three prior rejections (labeled 1, 2 and 3), we see that the move into this resistance level was violent — and had equally violent rejections. дальше »

2019-3-29 02:21


Huobi Prime Offers Cryptocurrency Investors a New Way to Trade

Tuesday, March 26 will see customers of the cryptocurrency exchange Huobi experience a whole new way of getting their fingers around cryptocurrencies. Known as Huobi Prime, the system is a coin-launch platform that ensures all currencies purchased by Huobi users are immediately deposited into their accounts and tradable against the Huobi Token (HT) with minimal delays, according to a company press release. дальше »

2019-3-21 23:15


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Bitcoin Price Analysis: Slow Grind Could Lead to Short Squeeze

Last Friday, we discussed a macro resistance level bitcoin would likely test. The level was tested three times prior and immediately rejected. Now, for the fourth time, we find ourselves situated above the level as we wait to see if our support holds:Figure 1: BTC-USD, Daily Candles, Fourth Test of Macro ResistanceThe first three attempts to hold support above the black, broken resistance have been stifled with relatively high amounts of volume. дальше »

2019-3-19 01:17


The Cryptocurrency Down Market: Don’t Lose Sight of Fundamentals

We are now entering the sixth month of the seemingly never-ending bearish market that has become the new norm within the crypto world. Regardless of whether you see this current market as a market correction, a new phase in crypto, or something in-between, the reality is that we are now in a very different position […] The post The Cryptocurrency Down Market: Don’t Lose Sight of Fundamentals appeared first on CryptoSlate. дальше »

2019-3-19 23:00


“This Is No Way to Run a Country!” Businesses Rage at Brexit Economic Suicide as $1 Trillion Exits UK

Britain is running head-first into economic suicide. That’s the verdict from furious business owners in the UK as we enter the third day of shambolic Brexit votes. The latest voice to join the backlash is Carolyn Fairbairn, the head of the Confederation of British Industry (CBI), which represents 190,000 companies. дальше »

2019-3-14 18:41


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Bitcoin Price Analysis: New High Paves Potential Reversal Setup

After days and days of consolidation, bitcoin finally managed to break a new high for the first time in almost two weeks. This new high, so far, has been short lived, however, as it was almost immediately sold into by eager bears:Figure 1: BTC-USD, 4-Hour Candles, New HighOur current 4-hour candle is seeing a relatively easy retracement after days and days of an upward grind. дальше »

2019-3-9 02:08


In the Daily: Pro-Crypto Presidential Candidate, Kleros and Ethfinex Partner, Hardware Wallet Updates

In Friday’s roundup of news from across the cryptosphere, we look at the rise of U. S. presidential candidate Andrew Yang and his acceptance of cryptocurrency donations. We also detail a new partnership between Kleros and Ethfinex that will see the Ethereum-based exchange utilize crowdsourced jurors to govern token listings. дальше »

2019-3-8 16:12


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Starbucks Will Support Bakkt After ‘Disproportionately High’ Equity Deal

Bakkt, the New York Stock Exchange’s (NYSE) forthcoming cryptocurrency trading platform, will — in fact — feature Starbucks payments for users. ‘Coffee-For-Bakkt?’ This is according to an anonymous source familiar with a deal between Bakkt and its early-stage partner, which will see the latter accept the service in payment for its in-store products. дальше »

2019-3-5 14:00


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Bitcoin Price Analysis: Keep an Eye Out for a Close Above the Current High

Shortly after falling from its test of the low $4,000s, bitcoin managed to find support in the mid $3,500s. This has proven to be a relevant level over the last few months, and finding support here would be a sign of relatively strong demand:Figure 1: BTC-USD, Daily Candles, Local SupportThe high candle spread rejection following our test of the low $4,000s was an indication that we had strong levels of supply left in the market, but for the time being we are holding support. дальше »

2019-3-1 03:44


Cryptocurrency Could Soon Open New Revenue Streams, Disrupt Payments System, Per Analyst

One of the longtime fears that the traditional financial world seems to have about cryptocurrency is its potential for overtaking payment systems. People who are comfortable with the archaic system do not want to see a broader market, which is partially due to the lack of faith that they have in cryptocurrency. However, as the […] дальше »

2019-2-28 03:33