Bitcoin Weekly: Dead Cat Bounce?

Every market experiences cycles. They are educational opportunities to understand how to deal with the irrational exuberance bull markets and irrational fear in bear markets. The crypto market is currently squarely in a bear trend. The market still has a lot of the exuberance of the gains of...
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Bitcoin Weekly: Breaking Support

 
Last week we were moving along dangerous levels were flirting with the February lows. This week however the bulls couldn’t defend the key $6k support level and we broke down. Sentiment in the market is becoming increasingly dire as the resolve of hodlers is severely being tested. The...
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Bitcoin Weekly: Is time to HODL or FOLD?

This week was a true test for crypto HODLer's. The term is an internet meme was started back in 2013. Bitcoin was crashing and this one person decided to hold their position. If you are interested in reading the post originating the meme, find it below.

Fast forward to this week and Bitcoin...
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Bitcoin Weekly: Will it Bounce?

Hopes are dreams for the bulls were crushed this weekend. BTC is testing support near the 6600 mark and things could get messy if we are to miss key lows. There wasn’t a major news catalyst that triggered the sell off this weekend. If there was one it hasn’t been announced just yet....
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Bitcoin Weekly: $4bn ICO Completed

We ended the prior week with Bitcoin struggling to stay above $7k. The lowest it reached was $7040 on Bitfinex. Sellers however were exhausted at that level and the rest of the week saw Bitcoin and the entire crypto market rising nearly 9%. This was a huge relief for Bitcoin bulls who were stuck...
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Bitcoin Weekly: Manipulation Probes

Another choppy week in the world of Bitcoin. We are at a point of indecision where the market is deciding whether it wants to change direction and make a higher high or continue it’s downtrend. This is clearly visible from the indecision candles that we have been seeing for the last couple...
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Bitcoin Weekly: The $40b Consensys Dump

Consensys 2018 is over. History did not repeat itself as several forecasters were predicting. Instead we went the other way and dumped nearly $40b of the total crypto market capitalization this week. We cover some of the reasons analysts are claiming for the dump below. However one thing can be...
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Bitcoin Weekly: Consensys 2018 Incoming

Last week we discussed how Bitcoin was approaching key levels. It hit the resistance line at $10k and unfortunately didn’t have the momentum to pull through. As a result we did see a substantial fall in price of nearly 18% on some exchanges. The timing of this pullback is interesting as...

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Bitcoin Reflections: Key Levels Approaching

Bitcoin had another good week with positive news coming in and price continuing to climb. Whether we are reaching levels too fast is another story. The asset definitely has the momentum it needs to break through some key levels and escape out of the bear trend which is still intact. 
 
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Bitcoin Reflections: Momentum Building

 
April has been a good month for Bitcoin. The social chatter has turned positive and people are talking about the moon and lambo’s again. Is Bitcoin a screaming buy as the CEO of Pantera Capital claims it to be right now? I am personally not a big fan of blanket statements like that....
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