“Black Wednesday” — perhaps, that’s what the previous day will come to be called in the coming weeks, until the market recovers from the blow. A detailed assessment of the events and a full debriefing will be attempted at a later point, when the graph, like a seismometer, reveals more data. For now, we can […]
Category Archives: Solana (SOL)
On March 7, the jackals ripped the market open with razor-sharp teeth and bought whatever was on offer at 75-day record volumes (for the 4H timeframe). These events transpired when the news broke about the Binance exchange hack. At first there were no details, and when it turned out that all the money was safe, […]
One researcher has presented a credible case arguing that over $3 bln of daily cryptocurrency trading volume is “fake.” Daily trade volume is the amount of cryptocurrency that changes hands each day on digital currency exchanges and can be an important indicator of the market’s health. For example, if Bitcoin’s price goes up on high […]
By the beginning of Wednesday, the volatility in the cryptocurrency market decreased significantly, but the mood remains very tense, the opposing parties took a small respite right at the height of battle. You can call it the calm before the storm, temporary lull in volatility but the cryptocurrency market battle is now at a standstill. […]
Exactly one week ago, on March 7, the bears struck a crippling blow to the market and launched a chain of events, the results of which we see today. Can such mathematically timed intervals between attacks be coincidental? We can’t know for sure, but we can surmise with a high degree of certainty that this […]
It feels like by the end of the week the opposing sides are exhausted- a great deal of effort has been expended already, but bulls and bears will only get their deserved rest upon achieving their goals. So far, no one is getting anywhere and the main market parameters remain the same- just like yesterday, capitalization […]
For any analyst, there is great interest in monitoring the impact of asset prices on the mood of investors (notably, in this causal direction, rather than vice versa). This past weekend, the market demonstrated how easily participants submit to panic and infect each other with negative emotions. Let’s see if a positive outlook is just […]
I never cease to be amazed at the way technical and fundamental analysis complement each other. There are many proponents of both assessment methods, and their opposition is almost religious in scope, not unlike the opposition between Android and Apple. But in fact, they are the yin and yang of market theory and practice. They […]
Though the Bitcoin market is presently in turmoil, with ups and downs that resemble a yo-yo, since the December peak of nearly $20,000, there’s clearly been a significant downtrend. Mainstream media keeps saying the bubble has popped, with many outlets predicting lows of less than $3,000. But it’s possible Bitcoin’s past boom-and-bust cycles might tell […]
Investors have been able to keep up their resolution and initiative by the beginning of Tuesday, so today we have a good chance of seeing the continuation of purchases. Considering that the market experienced the third correction in as many months (Jan. 17, Feb. 6, March 18), the path promises to be thorny, but all […]