Brenna Sparks Blasts The Concept of “Technical Analysis” for Cryptocurrencies

Analyzing financial markets can often be done in many different ways. Most market speculators and investors rely on technical analysis to discover recurring patterns and signals. Not everyone is a fan of this approach, as the recent comment by Brenna Sparks clearly illustrates. The Technical Analysis Conundrum On paper, it has become more than apparent … Read more

Markets Update: Cryptocurrency Gains Start Lifting Confidence Among Traders

The cryptocurrency economy has seen some improvement over the last 48 hours as many of the top digital assets are seeing gains between 5-15% this Saturday. The entire ecosystem of all the coins in existence has gained about $5 billion since the small correction on Christmas day. Furthermore, global trade volume has also increased indicating … Read more

Markets Update: Traders Play a Lower Range After Cryptocurrency Prices Dip

Digital asset prices dropped in value on Monday after the last few weeks of cryptocurrency market consolidation and stability. Around 8:10 a.m. EDT on Oct. 29, the top 10 digital currency markets saw percentage losses of between 2-5%. Since our last markets update two days ago, the entire crypto-economy has lost $5.6 billion in value. … Read more

Markets Update: A Narrowing Range of Consolidation and Lower Trade Volumes

Not a lot has changed since our last markets update four days ago as cryptocurrency markets continue moving sideways in a consolidated pattern. The top five digital assets have seen modest northbound gains this week, with increases between 1-5% over the last seven days. This Sunday, Oct. 21, the entire cryptocurrency economy of over 2,000 … Read more

3 Short-term Bearish Bitcoin Price Predictions for Q4 2018

Bitcoin has not had the best of runs throughout 2018. Especially when compared to late 2017, this year is rather disappointing so far. Things can still turn around in the financial quarter of 2018, yet the bearish Bitcoin price predictions are stacking up. The following three examples show how things can deteriorate further in the … Read more

Markets Update: Short Term Recovery – Is a Bullish Reversal in Sight?

Cryptocurrency prices are back on the mend after a great majority of digital assets plunged last week losing 10-20 percent or more in value. Since then, the digital currency economy has regained some strength bouncing back from a low of US$186 billion to $205 billion on Saturday, September 15. Also read: Test Driving the Money Button … Read more

Markets Update: Cryptocurrency Valuations Gain Billions in One Day

Two days ago, cryptocurrency bulls were attempting to break strong resistance and managed to push digital asset values to much higher price regions. The price of bitcoin core (BTC) was averaging $6,740 per BTC during the early morning trading sessions on July 17, then the digital currency spiked to $7,300 a few hours later. Then … Read more

Markets Update: Digital Currency Market Bulls Push Back After Decline

Cryptocurrency prices are making some headway today after suffering from a bearish onslaught last week. Since our last markets update the digital asset economy has gained $26 billion over the last five days. The price of bitcoin cash (BCH) touched a high of $1,160 earlier today but now hovers around $1,140 per BCH. Bitcoin core … Read more

Sentiment Analysis Is the Best Trading Tool You’re Not Using

Every good trader knows their TA from their FA, and can appreciate the effect that fundamental and technical analysis have on market movements. But what about SA? Sentiment analysis, which involves making decisions based on the emotions of other traders, is arguably just as important, especially in the cryptocurrency market, where a herd mentality prevails. … Read more