Market Commentary
Bitcoin in 2019 … $36,000 or $0?
One hell of a year it has been for bitcoin in 2018. Indeed 2017 have been the most successful year in the era of cryptocurrency market which saw BTC rise to $20,000; the world’s most […]
Market Commentary
Bitcoin Commentary
Bitcoin Reversal?
For anyone who is even a casual follower of bitcoin it will come as no surprise to say that bitcoin has been in a bear market since its peak in December 2017. The market has […]
Market Commentary
Time to HODL
The Bitcoin network hashrate currently stands at 32 million terahashes per second. The hashrate decreased 35% over the past year, while the USD market value for Bitcoin decreased 82% from it’s previous highs. A sustained decrease in hashrate which […]
Market Commentary
Ether surpasses Bitcoin Cash in price for the first time.
December 17th of 2018, saw the first time in history that the price for Ether goes beyond Bitcoin Cash, one of the strongest cryptocurrencies today. As of this article’s writing, Ether’s price stands at $92, […]
Bitcoin Commentary
New Year crypto rally?
The news surrounding bitcoin and the other major cryptocurrencies has followed a classic bear market pattern over the past year. When we first started to delcine there was a resounding chorus of “Buying Opportunity”. The […]
Market Commentary
Tom Lee Remains Bullish on bitcoin – but pulls his 2018 year end target.
Bitcoin perma-bull Tom Lee has again re-iterated his view that the value of bitcoin is significantly below it’s fair value; a fair value he believes is in the range of $13,800 and $14,800 given the […]
Bitcoin Commentary
Cryptocurrencies shed almost $700 billion since January peak
The cryptocurrency market is facing a very severe sell-off because the investors are scared by the increased talk of regulatory scrutiny and also because of the bitcoin cash idea. Late last week, the total market […]
Market Commentary
Goldman Sachs says Bitcoin could hit $4000
Financial giant Goldman Sachs predicted that Bitcoin would reach $ 4,000 after overcoming a new sharp drop in prices. The Bank reports that in the first half of 2017, the price of bitcoin remained to […]
Bitcoin Commentary
Choppy Action for Bitcoin … but likely to change
Well the rally of the past week went just far enough to stop me out of my short position at breakeven before turning down again. The pattern now forming shows a failed breakout to the […]
Bitcoin Commentary
Bitcoin Technicals – Time for a Rethink?
Well…so far my position is playing out nicely. We have been able to execute the planned trades detailed here and entered our short position at an average of 2575. The short term objective at 2350 […]