Tag: cryptocurrency

Watch Ethereum As Bitcoin Loses Momentum

Posted on by Aibek Burabayev

You hit it right when you bet that Ethereum would go higher this July as I called for a complex correction to limit the growth of this cryptocurrency around $3k.

Ethereum

The price hit that upside barrier and stopped there for a while within a visible sideways consolidation. After that, it broke to the upside, as the pause was a harbinger of the uptrend’s continuation. The price quickly hit the $4k handle, and now we could observe a minor consolidation. Continue reading "Watch Ethereum As Bitcoin Loses Momentum" →

Inside The 2021 Blockchain Survey!

Posted on by Wayne Burritt

I almost fell out of my chair when I read the latest take on the outlook for blockchain technology by consultancy behemoth Deloitte.

While I expected the report to show some positive signs, the fact is global executives see blockchain as making a “seismic” shift in just about everything they do, from business models to scalability to competition.

And we’re not talking about a time horizon many years down the road. The survey showed that these corporate movers and shakers think the blockchain seismic shift is already underway and will fundamentally change their industry within just 24 months.

That’s right, in just two years, it’s likely the business landscape – especially the financial business landscape -- will change so significantly, it will barely resemble what it is today.

But that’s not all: Inside the report are bombshells that even blew me away.

So, let’s get to it! Continue reading "Inside The 2021 Blockchain Survey!" →

Bitcoin and Gold Update: What's Next?

Posted on by Aibek Burabayev

Bitcoin triggered the new buy setup posted last week.

Most readers confirmed that they see the new bullish opportunity in Bitcoin, and the largest part were ready to add or enter the new trade.

Bitcoin Daily Chart

The new buy setup repeated the first trade setup as the setback was not deep again as it only reached the same 38.2% Fibonacci retracement level.

The Friday brought the expected trigger above the previous Saturday’s top of $48,150. The setup is active now and should limit risk below the valley of correction to around $43,900. The risk/reward is good at 1:4, with the same target at the all-time high of $64,899. Continue reading "Bitcoin and Gold Update: What's Next?" →

The 2021 Guide to Cryptocurrencies (Part 2)

Posted on by Wayne Burritt

If you’re like me, when I first got the cryptocurrency bug, I was overwhelmed by the concepts, technicalities, and mounds of jargon. All I really wanted was for someone to just give me some short snippets about the most important topics I needed to know. And to leave the minutiae for a later time.

Well, if that sounds like you, you’ve come to the right place. In this second part of The 2021 Guide to Cryptocurrencies, I’ll take you through two topics that are key to getting involved with the cryptocurrency and blockchain space: Why you should think hard about owning a little bitcoin and where to get started with a cryptocurrency exchange.

And in case you missed it, don’t forget to check the first part of this series. It has valuable information about what the blockchain really is, what cryptocurrency really means, and whether or not they’re right for you. It would be a good primer for this issue but isn’t necessary.

So, let’s get to it! Continue reading "The 2021 Guide to Cryptocurrencies (Part 2)" →

Bitcoin Buy Setup In Profit Range

Posted on by Aibek Burabayev

It looks like I have posted the Bitcoin Bullish Setup at the right time as the price precisely followed the preset path - first down into a correction, which hit the minimum area of 38.2% Fibonacci retracement level. Then up to break above the first minor top, that activated the buy trade setup.

The majority of readers were bullish, with 61% votes.

Bitcoin Daily Chart

We can see the clear difference between outlooks and setups. I posted both the Bullish setup and the Bearish setup in case the correction would be extended. They were based on opposite outlooks. We do not have to guess; we wait for which setup would work. Continue reading "Bitcoin Buy Setup In Profit Range" →