Bitcoin is on the brink of dropping
Bitcoin slipped during the last night some percent lower and revived interest after a phase of lowest volatility, albeit in the wrong direction. See the daily chart below including the glory highs of 2017. Many investors having an interest in strong crypto markets are touting bitcoin since month as forming a bottom, even a classic […]
Bitcoin ETFs shot down again by the SEC
The SEC rejected on Wednesday nine bitcoin futures tracking ETF proposals all at once and the bitcoin price didn’t react much. See the weekly (left) and daily (right) charts below. The small run up yesterday and the fall back occurred mainly before the SEC published its decision. The situation is somewhat similar to the one […]
AMD strikes back
AMD reported earnings during this week and convinced Wall Street with some good numbers. Let’s look at the chart of the last 15 years, which shows a new long-term high. Important here are not the numbers themselves. They are not that impressive. AMD managed to earn $116 M and to grow revenues 53% year over […]
Bitcoin is at a critical support level
During Friday, Bitcoin dropped to or even through its critical support level at around $6000, which it reached on the 6th of February earlier this year as seen in the weekly chart below. What does that mean now? Nothing good. But that doesn’t necessarily mean that it will drop more severely if it penetrates the […]
