Here’s how Bitcoin’s intraday volatility complicates leverage trading

The crypto sector is in a bull market, and frequent evidence comes from anonymous traders who post their five-, six- and seven-figure investment returns as screenshots on Crypto Twitter. This condition creates a FOMO-like situation where everyone gets greedy. The temptation to boost potential earnings by twenty times or more is often irresistible for most novice traders. Today, almost every cryptocurrency exchange offers leveraged trading using derivatives. To enter these markets, a trader has to first deposit collateral (margin), which is usually a stablecoin or Bitcoin (BTC). However, unlike spot…

Here’s why Ethereum, Aave, ALPHA are unfazed by Bitcoin’s latest ‘Elon candle’

Bitcoin (BTC) and altcoins’ markets lost a combined total of up to $602 billion overnight in a shocker brought forth by Elon Musk. The billionaire entrepreneur did an about-turn on his decision to accept Bitcoin for the electric vehicles offered by his company Tesla. He cited environmental concerns, noting that Bitcoin mining requires many fossil fuel burnings, especially coal. Bitcoin prices started falling sharply within the first five minutes of Musk’s tweets in the late hours on Wednesday in the United States. The prices further plunged into the Asia-Pacific session…

Ethereum Dives Below $4K, Here’s Why ETH Could Struggle In Short-Term

Ethereum started a major decline from well above $4,000 against the US Dollar. ETH price is now correcting losses from $3,500, but it could struggle near $4,050 and $4,100. Ethereum topped near the $4,375 before staring a downside correction. The price declined heavily below $4,000 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $4,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair is correcting higher, but it is likely to face sellers near $4,050…

Bitcoin Nosedives $10K, Here’s Why Recovery Could Face Hurdles

Bitcoin price declined over $10,000 against the US Dollar after Elion Musk’s tweet. BTC is now correcting losses, but the previous support near $52,000 could act as a hurdle. Bitcoin started a major decline from well above $55,000 and it even traded close to $45,000 The price is now trading well below $55,000 and the 100 hourly simple moving average. There was a break below a key rising channel with support near $57,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is correcting losses,…

Ethereum Overcame Odds With New High, Here’s Why ETH Could Test $4.5K

Ethereum started a fresh increase and it traded to a new all-time high above $4,250 against the US Dollar. ETH price is now showing signs of more upsides towards $4,500. Ethereum found support near $3,700 and it surged to a new all-time high near $4,280. The price is trading well above $4,200 and the 100 hourly simple moving average. There was a break above a major contracting triangle with resistance near $4,045 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher towards…

Bitcoin Shows Signs of Rally, Here’s What Could Trigger More Upsides

Bitcoin price recovered losses and surpassed the $56,550 resistance zone against the US Dollar. BTC is likely to rally if there is a close above $58,000 and the 100 hourly SMA. Bitcoin remained strong above $54,000 and it climbed above $56,550 The price is now facing resistance the $57,500 level and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $56,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a strong increase…

Ethereum Trims Gains, Here’s What Could Trigger Larger Decline

Ethereum traded to a new all-time high above $4,200 before correcting lower against the US Dollar. ETH price is now trading well below $4,000, with a few bearish signs. Ethereum extended its rally above $4,000 and it traded to a new all-time high near $4,215. The price is now correcting below $4,000 and testing the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue…

Bitcoin Fails Again, Here’s Why BTC Remains At Risk of More Losses

Bitcoin price failed once again to clear the $60,000 resistance zone against the US Dollar. BTC is showing a few bearish signs, but the $52,500 support holds the key. Bitcoin failed to gain pace above $59,500 and it even struggled to test $60,000. The price is now trading near the $55,500 support and the 100 simple moving average (H4). There was a break below a key contracting triangle with support near $58,000 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is recovering losses, but…

Here’s Where The Ethereum Rally Could Pause, According To Bitcoin Blueprint

Ethereum is ripping, now well above $4,000 per ETH and in full price discovery mode. But with no obvious resistance levels, how can anyone prepare for when the trending altcoin runs out of steam and eventually reverses? Technical analysis indicators, as well as fundamental tools are two possibilities, however, simple mathematics could also play an important factor. Here’s how, along with a look at how the same math stopped the Bitcoin bull train in its tracks. Crypto Market Cycles, Expectations, And Wild Analyst Targets As much as analysts and traders…

Bitcoin Resumes Uptrend, Here’s Why BTC Could Rally Above $60K

Bitcoin price remained well supported near the $56,000 support zone against the US Dollar. BTC is rising and it may soon break the key $60,000 resistance zone. Bitcoin found support above $56,000 and started a fresh increase. The price is now trading well above the $57,500 level and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $57,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to accelerate higher above the $59,500…