This Chart Pattern Spells Upside For BTC

If you've been reading my articles here at INO.com, I don't have to tell you that I lean on fundamental analysis when I talk about crypto.

You've also noticed that I don't hesitate to pull out a chart and do some technical analysis.

That's why today, we're going to use some technical analysis to explore a chart pattern that I've used for a long time and that all of a sudden popped up on my screen when I was in the midst of my routine studies of Bitcoin (BTC).

But before we get to that dynamite chart pattern, let's look at the difference between fundamental and technical analysis.

What's Fundamental And Technical Analysis?

Fundamental analysis looks at what an asset does, what its markets are, how it makes money. By looking at these features, fundamental analysis can provide opportunities for investors. And the assets that you can target with fundamental analysis can be pretty much anything, from a stock to a bond or a cryptocurrency. Continue reading "This Chart Pattern Spells Upside For BTC"

The Truth Behind The Bitcoin Sell-Off

Let's get right to it, if you invest long enough, you're going to have to deal with markets behaving in knee-jerk ways, and the recent selloff is Bitcoin (BTC) fits the bill to a T.

The fact is Bitcoin, along with the entire crypto asset class, got pummeled because the Fed signaled that they're in the mood to raise interest rates sooner rather than later. This outlook, which came from the Fed's minutes of the December meeting, wasn't what the markets expected. And we all know that when the markets don't get what they expect, they take their toys, go home, and sell pretty much everything in sight.

So, what juicy secret did the minutes reveal? As with most Fed announcements, precise forecasts are hard to glean. But the gist was that the Fed would raise rates sooner rather than later.

But if you think that it was just crypto that took it on the chin, think again. This more hawkish view on interest rates also hammered stocks, especially tech stocks.

All told, since the beginning of 2022, Bitcoin has dropped 14%, the NASDAQ 7%, and the S&P 4%. So, basically, once the Fed's minutes hit the street, there was nowhere to hide.

What’s So Bad About Higher Interest Rates?

So, why don't markets like higher rates? Continue reading "The Truth Behind The Bitcoin Sell-Off"

Bitcoin 2022 Price: $113,972!

While I’m not in love with price predictions, when I figured out a reasonable 2022 target for Ethereum (ETH), I have to admit I kinda enjoyed it.

So, I figured, why not kick off our first installment of 2022 with a bold prediction of where we think the price of Bitcoin (BTC) is headed over the next 12 months?

For this exercise, we'll ignore the fundamental factors that are in play behind these price movements. Instead, we'll just look at some charts, do a little math, and see where our BTC prediction journey leads us.

So, let's get started! Continue reading "Bitcoin 2022 Price: $113,972!"

Our Greatest Crypto Hits Of 2021!

Don't blame me, but I couldn't resist the temptation of closing out 2021 with a list of crypto's 2021 greatest hits. While I came up with a bunch, I had to narrow it to three.

Enjoy!

Greatest Hit #1: Jaw-dropping Research

There's no doubt about it: One of the greatest crypto hits of 2021 had to be the two bombshell research reports from mainstream financial powerhouses.

The first from consultancy behemoth Deloitte surveyed executives from around the world and found that blockchain would fundamentally change the way they conducted their businesses. And this seismic shift wasn't happening 10 or 20 years down the road. Nope, these corporate heads saw the shift happening in the next 24 months.

And that wasn't all. A staggering 81% of the executives thought that blockchain was both scalable and adoptable. And that means that getting their businesses in the blockchain game was not only doable, but it could grow with their businesses. In fact, three quarters said they didn't have much of a choice: If they didn't get in the blockchain game, they were going to lose competitive advantage. Continue reading "Our Greatest Crypto Hits Of 2021!"

The New NFT ETF: Here's What It's All About

Let’s get right to it. In the third quarter of 2021, trading volume in NFTs (Non-fungible Tokens) hit a staggering $11 billion. That’s up 704% from the prior quarter and a mind-numbing 38,060% from the year-ago period.

That’s right: NFTs have grown 38,060% compared to 2020. And frankly, these nosebleed numbers took me by surprise.

To add even more bullish power, the first NFT-focused ETF, Defiance Digital Revolution ETF (NFTZ), just hit the streets.

These developments meant it was time to take another look at NFTs and what’s really under the hood of this brand new NFT ETF, the NFTZ.

If you missed my article in October about NFTs, take a look when you can. In the meantime, it won’t hurt to do a quick review of NFTs before we dive headlong into the nuts and bolts behind NFTZ.

What Is An NFT Again?

NFT stands for Non-fungible Token. And to understand what that means, you have to get your head around fungible and non-fungible. Continue reading "The New NFT ETF: Here's What It's All About"