There is often a situation in the market when by the middle of a week that began with rapid growth, trading volumes are falling and uncertainty is increasing. There are psychological and material causes for such player behavior, but the principle at the root is the same — resources (both emotional and financial) need […]
Category Archives: Solana (SOL)
The resolution of yesterday’s fragile equilibrium and indecision in the market was not what holders of long positions wished for. Barely having had time to recover from the last correction, the market is falling again, and for many assets we are seeing double-digit negative values. The total market capitalization has lost $30 bln, making […]
Bitcoin and other digital currencies reveal their greatest potential in “failed states,” according to Wired. In nations like Venezuela, where the national currency is essentially worthless, Bitcoin is a life-saver to those who can access it. In Venezuela, many needed products are only available from foreign countries or on the nation’s black market, and those […]
The middle of the week has passed, but the market is still undecided on the direction of further movement. Once again, we see a tendency of declining trading volumes, although some assets are behaving abnormally, as we will discuss below. It seems that the players are expecting some kind of call to action, but it […]
The week has gotten over the hump, and Bitcoin has gotten over the next critical level of support, giving the bears a unique opportunity to profit from the panic without much effort. We have written about this scenario since Monday, and we hope that loyal readers were able to build a risk management plan based on […]
All that the market could achieve by the end of the week is a continued state of uncertainty and indecision about taking the initiative, shown both by bulls and bears. Nevertheless, the data of technical analysis indicates that on Friday and over the weekend the situation can evolve more rapidly and, possibly, dramatically. Market capitalization […]
The emergence of a new technology often involves the deposition of an existing concept. Most times, the traditional technique is improved upon by a factor of 10 and this makes the technology appealing to investors and users alike. Blockchain is one such revolutionary technology with the potential to drastically cause a worldwide paradigm shift. In […]
Having let the young bulls feed on the cryptocurrency pastures for the weekend, on Monday the bears came out of their dens and showed the market who is (still) the boss. Two days of upward movement were corrected literally within two hours, and investors were left with deceived hopes, again. We have repeatedly warned our […]
While the first half of Wednesday was filled with doubt and caution, by the end of the day there was a breakthrough, all positions were in the green, trading volumes increased many-fold and the market was filled with euphoria again. This time, Bitcoin was not the catalyst- its price practically hasn’t changed since yesterday. In […]
Let’s commit this date to memory: April 12, 2018. Perhaps it will go down in history as the day when a powerful upward trend was born in the cryptocurrency market, carrying the assets up to new, previously unexplored heights. But even if this does not happen, it has been a long time since we’ve seen […]