Bitcoin and Ethereum have bounced a few percent over the past few hours, as are altcoins like Balancer. The Ethereum-based BAL is up 26% in the past 24 hours according to Coin Market Cap, reaching a price of $23.50 for the first time in many days. At a 26% gain, Balancer is the second best-performing…
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Chainlink has seen a swift rebound today after posting some intense weakness yesterday. This has allowed it to recapture its position above $15.00, and it is now showing some signs of technical strength as analysts watch for further upside. In the near-term, which direction it trends may depend largely on its ongoing trendline breakout, which…
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Like most other crypto assets, Ethereum has slipped lower over the past four days. After peaking on Monday, all cryptocurrencies have retraced as Bitcoin has fallen lower seemingly due to a rise in the value of the U.S. dollar against foreign currencies. Ethereum has actually underperforming Bitcoin in this retracement, dropping around 11.5% from its…
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Bitcoin has been under pressure over the past three days after peaking at $12,500 earlier this week. Some argue that the retracement is purely based on technicals. But if you check the charts, there seems to be an evident inverse correlation between the value of the U.S. dollar (as calculated by the Dollar Index) and…
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The vast majority of the crypto tokens that have been seeing parabolic runs as of late are relatively new, being launched on platforms like Uniswap where traders are apt to throw money at projects related to the DeFi sector. One surprising “old” token that was popular in 2017 is now seeing parabolic momentum as well,…
DetailsOn a global scale, few actually own Bitcoin. According to Robert Kiyosaki, the author “Rich Dad Poor Dad,” though, everyone should own the cryptocurrency ahead of the coming “banking crisis.” This comment is in line with the sentiment of an impending collapse in banking and in the fiat currency system that Kiyosaki has extensively shared…
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Another week, another round of Crypto Tidbits. It’s been quite a week for the Bitcoin market. In the past seven days, the leading digital asset has traded at both $12,500 and $11,400, facing volatility due to crypto market trends and the macroeconomic trends. Bitcoin’s rally earlier this week came on a decisive break of the pivotal…
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Ethereum has been outperforming most of the crypto market. It was also among the best-performing mainstream assets to invest in, with the $1,200 stimulus check. Those who did, more than doubled their money by putting it into the smart-contract-focused altcoin. But it may now be “time to pay attention” as the creator of a popular…
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Chainlink has been the highlight of the crypto market for the last few years. It is about the only asset setting new record high after high. Meanwhile, the rest of the asset class is down between 40% to as much as 90% or more in some cases from their peaks. However, an indicator that spots…
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Technical analysis is an important aspect of investing and even more important to trading. It isn’t an exact science, but it can help to increase probabilities by watching for chart patterns on altcoins like Ethereum, Cardano, BAT, Binance Coin, and others. But not all chart patterns have names or follow geometrical shapes. Some moves are…
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