After a week of trading flat, the cryptocurrency market experienced a sudden flash crash earlier this week, with most currencies losing anywhere between 10 and 20 percent of their total value. While the first significant price drop was witnessed on June 10, the declining trend persisted over the three days that followed as well. While … Read moreUnderstanding Why The Price Of Bitcoin Is Declining
Range bound cryptocurrency trading is one of the toughest markets for new traders. The Bitcoin chart above is a good example of a range bound cryptocurrency. Even though there isn’t much range to lose a lot of money on, it is very easy to get chopped up. Commissions can rack up, and taking a bunch of … Read moreHow to Trade Cryptocurrencies in Sideways Markets
The cryptocurrency markets have been a bloodbath the past month. It looked like we might start an uptrend back to highs in February and in the beginning of March, but Bitcoin couldn’t hold over the psychological 10k mark. Ethereum and most other altcoins are getting absolutely hammered as well. When we got under the 2/25 … Read moreWill Bitcoin Ever Hold A Bounce? Market Commentary and Trading Plan Explained
We’ve seen some major weakness in the cryptocurrency markets in the past couple weeks. Bitcoin has recently broken a major support level on the daily chart after failing to breakout above the $11,000’s resistance level. We can see that the failure to hold the previous low from the End of February is a big sign more downside … Read moreCryptoStreet Trade Recap: Our Bitcoin Short From The Mid 8000’s To The 7000’s
Bitcoin just had a very bearish break of support in the past 24 hours. The break of the 9000 level put just about every buyer who was looking for a return to $20k in the past month under water. Despite the strong bounce in Bitcoin and other altcoins in the past month, we have not … Read moreHow To Short Bitcoin and Other Altcoins: The Best Crytpocurrency Short Selling Setups
There has been a ton of bearish sentiment around Bitcoin in the past month. This is not surprising given the huge retracement we have seen since the turn of the year. Bitcoin has seemed to found a temporary bottom at just under 6k on February 6th. Since then it has rebounded strongly, almost hitting 12k … Read moreBitcoin, Next Run to $20k or Fade?
The question on everyone’s minds right now: Will Bitcoin survive or will it go to zero? Is this the Bitcoin bubble? Bitcoin retraced around 70% from its all time highs in December in the past month and a half. Almost every day it seems like for the past few weeks there is some negative news … Read moreIs This The Bitcoin Bubble? Will Cryptos Bounce Back To Highs?
Bitcoin is well known to be one of the most volatile assets in all of finance. It has crashed 25% or more in a matter of hours on multiple occasions. Bitcoin crashes actually can be a good thing for long-term investors. Corrections are normal and healthy in any asset in finance, especially for one that … Read moreA Complete History of Bitcoin Crashes
2018 has not been kind to cryptocurrency bulls. Most of the top cryptocurrencies are more than 50% off their all-time highs from December. We have seen numerous cryptocurrency crashes in 2018 of 10% or more in day. However, unlike in 2017, these crashes are not getting bought up. You cannot just blindly buy a dip … Read moreHow To Trade Cryptocurrency Crashes In 2018
Bitcoin has made a monster run in 2017. It started the year near $1000, got to high of $20k, and then finished the year at around $15k. We have seen a major trend change in the past month in Bitcoin. It appears that this year BTC will not give bulls the same straight-up move as … Read moreOur Bitcoin Price Prediction For 2018