Brutal Wyckoff Distribution Expected As Bitcoin Cools Offs

Throughout much of the bear market, one of the themes that kept crypto investor’s hope alive in crypto investors was the thought that Bitcoin was being accumulated, according to Wyckoff theory, at low prices by major players and institutions. After that, eventually, the markup phase would occur and the first-ever crypto-asset would be back in a bull market in no time. Now that Bitcoin price has indeed been marked up, by as much as 340% at its peak and is consolidating before its next move, the market appears undecided if…

The US Quietly Printed $75 Billion out of Thin Air (For the Banks). This Is Why Bitcoin Matters – CCN.com

The Federal Reserve Bank of New York very quietly handed out $75 billion in cash to the banks on Wednesday in a process known as a ‘repurchase operation,’ or repo.  This emergency measure hasn’t been used at scale for a decade, since the last financial crisis. It’s a reminder of the central banks’ power to artificially expand the money supply and devalue your money. This is why bitcoin, with its capped supply and strict, predictable output, matters. What is the repo operation? In simple terms, the central bank prints $75…

Bitcoin Price (BTC) Trading Near Make-or-Break Levels

Bitcoin price is trading in a range below the $10,300 and $10,400 resistances against the US Dollar. The price is struggling to gain momentum above $10,300 and the 100 hourly SMA. There is a key breakout pattern forming with support near $10,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could either rally above $10,400 or it might extend its decline towards the $9,900 support. Bitcoin price is trading below key resistances and hurdles against the US Dollar. BTC is likely to make the…

Altcoins Dragging Crypto Market Cap Higher: BCH, BNB, EOS, TRX Analysis

The total crypto market cap is slowly climbing higher and it recently broke the $260.0B resistance. Bitcoin price is currently trading in a range near the $10,200 level. EOS price is trading near $4.100 and it could start another upward move. Binance Coin (BNB) is up more than 6% and it recently surpassed the $21.50 resistance. BCH price gained more than 5% and it recently broke the $320 resistance area. Tron (TRX) price rallied 10% and broke the main $0.0165 resistance level. The crypto market cap gained after a strong…

Ripple Price (XRP) Rallies Significantly To Start Massive Uptrend

Ripple price surged more than 15% after it broke the key $0.2650 resistance against the US dollar. The price is trading well above the $0.3000 level and it could continue to rise. There was a break above a bullish continuation pattern with resistance near $0.2930 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is showing a lot of bullish signs, with many supports near the $0.3000 and $0.2950 levels. Ripple price rallied above $0.3000 to start an uptrend against the US Dollar and bitcoin.…

Ethereum (ETH) & Ripple (XRP) Surge Sparks Fresh Rally In Altcoins

ETH price rallied further and broke the $200 and $210 resistance levels against the US Dollar. Bitcoin price is consolidating near the $10,200 and $10,250 pivot levels. There is a new connecting bullish trend line forming with support near $206 on the hourly chart of ETH/USD (data feed via Kraken). The pair is showing a lot of bullish signs and it might even surpass the $215 resistance level. Ethereum price is up close to 8% and ripple surged 18% versus the US Dollar, while bitcoin is consolidating. ETH price could…

‘Master’ of Alternative Investments Doesn’t Have a Clue About Bitcoin – CCN.com

Blackstone CEO Stephen Schwarzman was once lauded as the “Master of the Alternative Universe” but ironically still won’t buy bitcoin. | Credit: Reuters/Arnd Wiegmann Blackstone head honcho Stephen Schwarzman is rich. Really rich. Almost twice the market cap of bitcoin-level rich, in fact. The man who was, once upon a time, lauded as the “Master of the Alternative Universe” built his empire by taking risks. Over the years, the billionaire CEO has traded in a wide variety of businesses including a casino, a marine theme park, and even a German…

Deflation with Negative Interest Rates Is Bullish for Bitcoin – CCN.com

The European Central Bank (ECB) is the modern architect of negative interest rates. | Image: AFP PHOTO / JOHN THYS The world is slowly descending into the age of deflation. Under this condition, central banks adopt a negative interest rate policy (NIRP). In other words, those who park their cash in banks must pay interest. This forces many citizens to invest their excess cash in assets such as stocks, commodities, or even cryptocurrencies. In 2014, the European Central Bank (ECB) embraced NIRP. The Bank of Japan followed suit in 2016.…

Bitcoin is Not And Never Will Be ‘Money’ – CCN.com

If you’ve been reading my column, you know that I do not believe in the long-term story of bitcoin and that trading it is actually worse than gambling in a Las Vegas casino. I don’t believe bitcoin will actually ever replace fiat currency, and the circumstances under which that could happen would actually undercut the ability for bitcoin to even be utilized, and the current state of the bitcoin market is that it is so volatile that it hardly classifies as a store of value. Tests For Whether Bitcoin is…

Bitcoin Price (BTC) At Clear Risk of Further Declines

Bitcoin price failed to hold the key $10,300 and $10,250 support levels against the US Dollar. The price is currently trading with a bearish bias and recently tested the $10,000 support area. There is a key bearish trend line forming with resistance near $10,340 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to revisit the $10,000 support level as long as it is below $10,400. Bitcoin price is trading with an increased bearish bias against the US Dollar. BTC might accelerate its…