Bitcoin is leading the Cryptocurrency sector lower. By trading below $9,250, Bitcoin’s chart pattern will place it in Bearish Territory. In order for Bitcoin to enter Bullish Territory, its price would need to rise above $12,000. According to Coin Market Cap (https://coinmarketcap.com/), Bitcoin makes up 42% of the Cryptocurrency sector.
BULLISH Above $520 Billion BEARISH Below $400 Billion The market capitalization of Cryptocurrencies is turning lower and approaching the $400 Billion level, at which point it will be in BEARISH territory. Some technical analysis of the chart shows the Cryptocurrency sector has already broken through […]
The Dow Jones Industrial Average, along with the other major indexes, remains in a “Crash Pattern”. Over the last century, stock market crashes have had several common pre-conditions including: 1) The preceding market peak had been parabolic in shape and rather frenzied, 2) The Crash followed the preceding market peak by approximately 6 weeks or […]
Bitcoin or Bustcoin? Digital Gold versus Physical Gold Source: www.coindesk.com Introduction The first crypto-currency, known as Bitcoin (BTC), was introduced in 2009 and initially sold for roughly 6 cents. That same coin today now fetches approximately $19,000 sporting a monstrous 300,000-fold increase in its short 8 years. In 2017 alone, Bitcoin has traded from a […]