Libra – freedom made by Facebook
Facebook just announced the “Libra”, a new stable coin and sort of an international payment vehicle selflessly designed to help the underbanked of the world. It shall be backed by a basket of real currencies and be usable via Facebook’s social media portals. How will this affect the existing financial world? Astonishingly Facebook seems to […]
The Bitcoin hype is back
Now there are all gates open for the next run to $100.000. Of course, it will not shoot up directly to the moon, but rather meander more often up than down and drive traders dizzy! But not us, see below… After the first attempt twelve weeks ago and then the astonishing outbreak from $4000 about […]
Bitcoin tries a restart
After a long slump comes finally the next attempt. Will this restart lead straight to old highs? Probably not, but… …nonetheless it could be traded. Always try to get in early when the time comes, but be prepared to get shaken out. Retry and eventually you will be on board for the long run and […]
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 […]
Dogecoin shows relative strength
Dogecoin, a so called altcoin, fights against the downslide of the general cryptocurrency market. Upper charts are Dogecoin and lower are Bitcoin for comparison. The daily chart at the right shows an upshot of about factor three in about two weeks. The relative strength seems to be caused by Yahoo Finance. They announced that Dogecoin […]
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 […]
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 […]
