Golden Cross Provides Glimmer of Hope for Bitcoin Price Revival

View Bitcoin’s three-day chart is reporting a golden cross, a long-term bull market indicator, for the first time since February 2016. A similar crossover seen six months ahead of the August 2016 mining reward halving paved way for a mega bull run. History may repeat itself with mining reward halving due in less than 12 […]

Continue Reading

Bitcoin Faces Sub-$9K Price Move as Bear Trend Strengthens

View Bitcoin dipped to $9,111 over the weekend, forming a bearish candle, despite a quick bounce back above $9,600. For the sixth day in a row, prices continue to trend below the 50-period moving average – an indication the bears firmly control the short-term trend. The daily and weekly RSI and the “awesome” oscillator are […]

Continue Reading

Bull Case for Bitcoin Weakest Since February, Price Indicator Says

View Bitcoin’s bullish momentum has weakened to five month lows, according to Chaikin Money Flow indicator. That, coupled with the bearish lower highs pattern on short duration chart indicates BTC could fall back to the recent low of $9,049 and may even break lower. BTC may bounce back to $10,300 if sellers again fail to […]

Continue Reading

Using the Awesome Oscillator to Find Bitcoin Buy and Sell Signals

Few trading tools are as simple and as elegant as the “Awesome Oscillator.” First developed by American trader Bill Williams, the aptly named Awesome Oscillator (AO) is a momentum indicator that takes advantage of an immediate trend. The AO plots its data using a histogram, similar to how the MACD histogram functions, in that it delivers […]

Continue Reading

XRP Was Worst Performing Top-10 Crypto in H1 – But BNB Shone

The first half of 2019 brought goods times for cryptos in general, and particularly Binance coin. XRP, though, eked out relatively meager gains. The third largest cryptocurrency by market capitalization closed at $0.396411 on June 30, representing 12.45 percent gains on the 2019 opening price of $0.352512 seen on Jan. 1, according to data source […]

Continue Reading

Litecoin Outperforms Top-10 Cryptos Ahead of August Reward Halving

With the supply of new coins to be halved in less than five weeks, litecoin is outpacing its peers. The fourth-largest cryptocurrency by market capitalization is currently trading at $123, representing 5 percent gains on a seven-day basis, according to data source CoinMarketCap. Meanwhile, bitcoin, the top cryptocurrency by market value, is currently reporting a meager […]

Continue Reading

Bitcoin’s ‘Kimchi Premium’ Returns With $1K Price Spreads on Crypto Exchanges

Bitcoin may be back over $10,000, but the price increase is bringing with it similar market inconsistencies as seen in the cryptocurrency’s meteoric 2017 ascent. At press time, bitcoin prices in South Korea are once again trading at a notable premium to Western exchanges. The spread, popularly known as the “Kimchi Premium” after a Korean […]

Continue Reading

Above $300: Ether Price Clocks 10-Month High

The price of ethereum’s native cryptocurrency ether (ETH) surpassed $300 today to hit ten-month highs. The world’s second largest cryptocurrency by market capitalization climbed above the psychological hurdle at 01:10 UTC and extended gains further to $306 – a level last seen on August 19, 2018. As of writing, ETH is changing hands at $304, […]

Continue Reading