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 […]
trading
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 […]
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 […]
Lifestyle
Young Millionaire Travelling the World From Trading Bitcoin
Bitcoin has made a few millionaires and Mr. Smith (not his real name) is one of them. Mr. Smith who preferred to hide the identity of his real name is grateful to Bitcoin for making […]
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 […]
Bitcoin Commentary
Are we heading for a Bitcoin Meltdown?
As I write this article bitcoin is trading at 2665 basis First Global Credit and from the chart I’m seeing warning signs that we may be heading for a significant decline ahead. We’ve all benefitted […]
Bitcoin Commentary
Trade Alert – 28th Jan 2016
Today we have added to our short position in BTC, sold another 6 at 382.80…the market broke down from its consolidation pattern last night, falling from 395 down to 375 before recovering to a little […]
Company News
First Global Credit Private Trading Group Goes Public
First Global Credit, the first company that accepts bitcoins as market trading collateral has mounted a search for new talent to join their ‘Elite’ Private Trading Group. Membership in the group provides access to a […]
Bitcoin Commentary
Time to Short Bitcoin!!!
Ok, let’s restart my coverage with a shorting opportunity in Bitcoin (Current price 427). The market looks toppy and with the final tranche of Justice Department sales announced plus the lack of consensus on extending […]