Crypto Corner

Cryptocurrencies are so new, and so volatile. I don't typically prefer a long term moving average on a crypto chart for those reasons, but Bitcoin is different. First, it's the oldest and maybe least volatile chart (though it still moves a ton compared to stocks) of the cryptos. Second, the 50 day moving average has worked in the past many, many times as both support and resistance. Let's take a look.

This is the most recent activity for Bitcoin in candlesticks, with the blue line showing ...

Weiss Ratings, an institutions and investments ratings agency similar to Standard & Poor's and Moody's, has posted the first-ever grades on 74 of the biggest cryptocurrencies by market cap, sparking a massive increase in website traffic overnight. The crypto community were so polarized by the ratings, Weiss had to address the feedback with multiple articles explaining how their rating system works and why certain coins received lower grades than their fans wanted.

Weiss revealed ...

Well, Bitcoin's price action did not stay in the pennant that I showed last week. The big sell off a few days ago broke the resistance of the rising floor and damaged that setup.



However, the sell off stabilized in time to setup a new descending channel that looks like a bull flag on the 1-day chart (every candlestick is 24 hours of trading).



I added the MACD and RSI as additional indicators at the ...

Bitcoin reached its all-time high on December 17, 2017, touching $19,700 and closing in the $19,000 range, depending on which exchange you reference. The bull run leading up to that all-time high more than tripled the value of the crypto currency from its low on November 12 of $5,600.

Since that run, we've seen a lot of big swings, but it's really just sideways consolidation compared to the massive bull run.



That sideways consolidation ...

Crypto currencies like bitcoin and the many other alt coins are a hot topic and hot commodity right now. With so much interest, Tom and I thought it would be a good idea to start this blog.

If you haven't been able to tell yet from my recent forum posts, I am mildly obsessed with crypto currencies. I enjoy any time I get to spend writing or talking about the topic. I watch a lot of videos on youtube, read the headlines and listen to the podcasts. I ventured into mining, and trading, ...