ETH Trade Recap: Capitalizing on Market Weakness

Significant weakness has entered the crypto markets in the last couple weeks. Bitcoin finally lost its $6K support area, and it has tumbled all the way down to the low 4000’s. It has brought down many alts like Ethereum with it. We shorted ETH to capitalize on the market weakness and now we are going … Read more

Everything You Need To Know About the Tether (USDT) Crash

tether

Yesterday Tether, one of the most popular stable coins, had a huge selloff. On some exchanges, it tanked as much as 10-15%, which is a huge move for a stablecoin that is supposed to protect against volatility. Let’s start by defining Tether, then talk about why it crashed, and discuss some stablecoin alternatives to it: … Read more

The 5 Cryptocurrency Market Cycles

cryptocurrency market cycles

The cryptocurrency markets took center stage last year when Bitcoin and many other cryptocurrencies had a sensational runup. In January of 2017, the total market cap of all cryptocurrencies was around $18 billion. In January of this year, it peaked at around $800 billion, and today we are at around $220 billion. In order to … Read more

Shorting ETH From $250 to $200: Cryptostreet Trade Recap

eth

Ethereum has been getting hammered all summer. For most of 2018, Ethereum would closely follow Bitcoin’s trend. In the past month or so, we have seen a big divergence, and major relative weakness come into Ethereum. In the past month, for every 1% BTC drops, ETH has been dropping 2 or 3 percent. After hitting … Read more

How To Trade Altcoins in A Slow Market: NEO Trade Recap

altcoins

Altcoins have really been taking a beating the past month. Many altcoins, including major altcoins like NEO and ETH, have been down as much 50% since August 1st. Many of them have been getting extremely oversold, so we have been looking to bounce them. The past few weeks have finally shown some signs that a … Read more