Bitcoin’s bounce from the local range lows and RSI’s rebound at 50, suggesting the bearish divergence has run its course. Could we be on our way back to the upper end of the range?Patience is key while we await the breakout direction. #Bitcoin#Altcoins#CryptoMarket Altcoins Are Heating Up! Altcoins are moving across the board, which is […]
DAILY CHART Bitcoin dipped yesterday, but quickly recovered. Now it is continuing to show further weakness. On the positive side, RSI is at 50, which is considered support and if it can close in the current area, then hidden bullish divergence is possible – a higher low on price and lower low on RSI. That […]
Bitcoin’s price is currently experiencing downward movement, approaching the $29,200 level. However, for a potential upward surge in the near future, it is crucial for BTC to surpass the $30,500 mark. The prevailing market conditions show bearish signals as Bitcoin is trading below both the $30,300 level and the 100-hourly Simple Moving Average. On the […]
Price Action Overview Since the past newsletter we saw price testing this 31k level consistently since, the last newsletter was written on the day of the first initial candle, and since then nearly every day there has been a attempt to break higher, resulting in continued wicks and constant pressure but no real breakout. This […]
XRP Is Not a Security It’s about damn time! XRP has been declared NOT a security and Gary Gensler no longer has job security. XRP has been locked in a legal battle with the US Securities Exchange Commission (SEC) since December 2020. The SEC had accused Ripple, its CEO Brad Garlinghouse and co-founder Chris Larsen […]
After a short-lived transaction fee frenzy in Q2, mining revenue has normalized back to pre-ordinal levels, but public mining equities have continued to outperform. In February, we covered the introduction of ordinal inscriptions on Bitcoin and their lack of impact on the transaction fee market at the time, but that drastically changed starting in April with the […]
Bitcoin is currently being traded at a price of $30,400 over a 4-hour period. The Relative Strength Index (RSI) is at 50.95, indicating that the market sentiment is neutral. The Exponential Moving Average (EMA) 50 is at $30,373, while the EMA 100 is at $30,088. The Moving Average Convergence Divergence (MACD) value is 25. If […]
Today, we’re going to tackle the reason Arkham’s been the talk of the town lately – their new product dubbed the “Arkham Intelligence Exchange.” To keep things fair and balanced, I’ll start by giving you their own rundown of the platform. Then I’ll chime in with my take on what’s really happening. Our perspectives (yours […]
In the world of cryptocurrency, filtering out the ‘noise’ and focusing on the ‘signal’ can feel like an insurmountable task. Within this digital cacophony, a multitude of voices compete for attention, each promoting diverging ideas and perspectives. It is, therefore, no surprise that newcomers might quickly feel overwhelmed by this complex ecosystem and choose to […]
Just as everything was going well in ETH land, Vitalik Buterin drops a bomb. Get this, he is only staking a “small portion” of his ETH. Eeek! Of course, Charles Hoskinson made it known he has all his ADA staked. But it’s not that Vitalik doesn’t want to. The real reason behind the confession is this: staked […]