Amazing Crypto

Category: Trading

  • Indicator suggests high volatility for ETH, LTC, BNB, ADA, XMR, DASH, ONT

    One of the most popular technical indexes among traders suggests that some of the top altcoins by market capitalization—including Ethereum, Litecoin, Binance Coin, Cardano, Monero, Dash, and Ontology—are on the cusp of high volatility. The next major price swing Over the last week the cryptocurrency market entered a consolidation period following a steep market decline…

  • Chainlink, Tezos and Ethereum Classic show mixed signals, but one of three is bullish

    Although many altcoins hit bottoms not seen since 2017, others such as Chainlink, Tezos, and Ethereum Classic could regain their bullish trends and reach higher highs. Take a look at the technical analysis. Chainlink Back in early July, the TD sequential indicator predicted that Chainlink was due for a major correction based on its 1-week…

  • Bitcoin on the cusp of surging to $9,800 or dropping to $6,500

    Even though Bitcoin has a high probability of a continued decline, multiple indicators show that it there’s also an opportunity for a bullish impulse up to $9,800. Technical analysis Bitcoin recently broke out of a three months long consolidation period that began on June 26 when it peaked at nearly $14,000. The result was a…

  • Traders Bemoan New Localbitcoins Identity Requirements

    Traders Bemoan New Localbitcoins Identity Requirements

    Recent data shows that countries with corrupt governments have a strong correlation with Localbitcoins trade volumes. However, even though the over-the-counter (OTC) marketplace Localbitcoins has grown massive over the years, traders are complaining about heightened know-your-customer/anti-money laundering requirements. The exchange recently changed its KYC/AML guidelines on September 1 and users say more verification mandates might…

  • Trading indicators show EOS, Cardano, and TRON dropping further

    Bitcoin recently took a nosedive, bringing the entire cryptocurrency market with it. Although some altcoins recovered from the recent drop, most—including EOS, Cardano, and TRON—remain in a bearish posture signaling a further decline. EOS EOS is one of the most prominent smart contract projects in the cryptocurrency industry. Born during the 2017 ICO mania the…

  • Is Bitcoin’s price correlated with CME Bitcoin futures?

    Analysts have pointed out that Bitcoin’s price rises and falls in line with settlement dates for CME Bitcoin futures contracts. The phenomenon may point to market manipulation. CME’s impact on Bitcoin CME Group’s Bitcoin futures contracts were hailed as the bridge between institutional and retail investors. Growing volumes support this narrative. The CME saw a…

  • Bitcoin breaks below $8,000 as free fall continues

    Bitcoin continues ripping through major support, breaching the $8,000-level support within the last hour. From open at $10,027 on Sep. 23, BTC has now fallen over 20 percent. The drop follows a breakout of a month of consolidation around the $10,000 price point, beginning mid-August. What has startled investors is the speed of the drop.…

  • Trader: bears won the short term fight for bitcoin, but what happens next?

    Trader: bears won the short term fight for bitcoin, but what happens next?

    Subsequent to the near 20 percent pullback in the bitcoin price, trader Nick Cote said that bears won the short term fight with more room for a deeper correction in the cryptocurrency market. More than $600 million worth of long contracts were liquidated on BitMEX on the day the bitcoin price plunged to $8,000, causing…

  • Market Outlook: Traders Play New Positions After Massive Drop in Crypto Prices

    Market Outlook: Traders Play New Positions After Massive Drop in Crypto Prices

    On September 24, digital currency markets saw significant losses as the entire cryptoconomy lost $35 billion in a short period of time. Cryptocurrency enthusiasts and traders are now even more uncertain to where markets are headed in the short term. The sudden sell-off that took place on Wednesday afternoon was unexpected and today traders are…

  • Market Update: Low Volumes and Uncertainty Shake Crypto Traders

    Market Update: Low Volumes and Uncertainty Shake Crypto Traders

    The majority of digital currency markets have lost a few percentages over the last few days as cryptocurrency trade volume has been waning. Since our last market outlook, more than $20 billion in global trade volume disappeared and this Tuesday’s market data shows there’s only $60 billion in worldwide crypto trades in the last 24…