Filed under Bitcoin

Bitcoin down -5.36% from yesterday’s high of $5823,96 bulls seem exhausted

May 4, 2019 5:31 pm Published by Leave your thoughts

In my yesterday’s post I mentioned that when Bitcoin comes down around $5600 or $5550 then I might be tempted to open another long position. While Bitcoin did in fact fall all the way down to $5512, the head and shoulders pattern which has now formed on the hourly has me slightly worried that this is only the beginning of a bigger downward move. All in all it looks rather tempting to go long because the Relative Strength Index is showing overbought signs although it’s not quite at the extremes yet of 30 and below. Furthermore MACD has not yet... View Article

BTC up 8.09% briefly hits $6000 on Bitfinex

May 3, 2019 8:07 pm Published by Leave your thoughts

Bitcoin bulls have been very successful today. For a brief moment the price of Bitcoin reached $6000 on Bitfinex. These levels are something we haven’t seen for almost 6 months now so it’s very refreshing to see Bitcoin make moves again especially after days of sideways trading. Looks like my previous prediction held true as well when I said all is fine if Bitcoin manages to stay above $5000. It always feels good to be right! Bulls take a break for now One of my favorite time frames for day trading Bitcoin is the 10 day chart with 1 hour... View Article

Bitcoin drops -11.76% to $4963, finds support around $5000

April 26, 2019 6:14 am Published by Leave your thoughts

In one swift move Bitcoin just cleared most of its winnings that were accumulating in the previous couple of days. For the time being the price seems to have found support around the psychological barrier of $5000. Around the same area lies the 23.6% Fibonacci retracement level. The red candle it formed the day before yesterday showed us that there is a strong resistance at 38.2% Fibonacci retracement or $5532.75. If the price can keep above $5000, we will most likely see a gradual attempt towards the next resistance once more. However should we break the $5000 psychological barrier, there... View Article

Bitcoin down -4.72% from yesterday’s high of 5650.01

April 24, 2019 5:05 pm Published by Leave your thoughts

The price of Bitcoin just corrected itself almost perfectly. Down -4.72% of yesterday’s high, the price seems to have stabilized for the moment and is looking for support around the $5450 area. While further downward move is likely, we have a decent support at $5362 and if it doesn’t get broken Bitcoin might very well try $5700 next. However should the support of $5362 be broken, it may open the doors to $5300 or lower. Both MACD and Relative Strength Index show that there is still a little bit of selling power left. It will be interesting to see how... View Article

Bitcoin jumps +5.66% after payment processing startup Moon announcement

April 23, 2019 7:09 pm Published by Leave your thoughts

Moon, the payment processing startup, announced yesterday that any lightning-enabled wallet can now also be used through Moon’s browser extension. This effectively means that you can now spend Bitcoin on huge e-commerce sites like Amazon for example. Yeah you read that right! You can now shop at Amazon and pay with Bitcoin. You can additionally use Ether, Bitcoin Cash and Litecoin as well. This is really good news for the crypto community as a whole because this move will drastically help us move forward to mass adoption. Naturally this epic news boosted the price of Bitcoin as it jumped from... View Article

Bitcoin bounced back from 4945.54, but not out of the woods yet

April 17, 2019 7:09 pm Published by Leave your thoughts

In my previous and somewhat overly dramatic post I saw Bitcoin tumble down and through from $5100. If anything, I hope you closed your buys back then. It seems that for the time being the low of $4945,54 is holding. But we’re not out of the woods yet. The mini flash-crash may have scared a few newbies away, but I’m sure there will be an even stronger downward move in the near future. Why do I think that? Well for starters, everyone’s way too confident about Bitcoin going to the moon. This is a good indicator that something’s brewing. Google’s... View Article

Abandon ship! Bitcoin is going down.

April 9, 2019 7:44 pm Published by 1 Comment

If you’re a day trader you might want to tread carefully the next couple of days. That’s because Bitcoin has once again been moving sideways. Not only that, but the last swing was lower than the previous which just barely managed to touch the resistance formed on April the 3rd. Coupled by the fact that both the Relative Strength Index and Stochastics on the daily are in the extreme to insane overbought range, we’re bound to see some type of retracement soon enough. In the next couple of days we will most likely see the retracement towards $5100 and if... View Article

How to make a custom ERC20 cryptocurrency token with a fixed total supply and deploy it on the Ethereum MainNet

January 30, 2019 10:06 pm Published by Leave your thoughts

In this article you will learn the overall basic concept behind an ERC20 smart contract. I will also briefly go over some facts about Ethereum unrelated to the ERC20 implementation that I personally find very interesting. By the time you finish this article you will know how to create an ERC20 cryptocurrency token with a fixed total supply. We will make it so you are the sole owner of all of the total supply and if you like, you can sell or gift some of your brand new token to your friends. This guide will not teach you how to develop... View Article

New startup aiming to revolutionize gaming by allowing players to earn Bitcoins

May 16, 2016 11:40 am Published by Leave your thoughts

We all have a favorite game on which we spend a huge portion of our spare time without getting anything practical in return other than the satisfaction of reaching the next level, unlocking a new piece of armor or getting first place on the high scores table. For decades the mere joy of accomplishment has been enough to keep people hooked playing a game for hours at a time, but what if you could step even further down the rabbit hole? What if you could earn Bitcoins by playing games? This exciting new chapter in video gaming can soon become a reality thanks... View Article

Bitcoin gains 1.36% within 1 hour after bullish news from Glenn Hutchins

May 3, 2016 11:32 am Published by Leave your thoughts

Bitcoin gained 1.36% earlier today rising from $442 to $448 in just one hour right after Glenn Hutchins, a Federal Reserve Bank of New York board member and investor, came forth with bullish news about Bitcoin and the BlockChain technology. In his speech he drew a bold parallel between Bitcoin and the Internet and, among other things, mentioned that he has bought Bitcoin himself and is currently investing in various Bitcoin companies. We didn’t reach $500… yet In the last weeks of April there was a lot of fuss on Bitcointalk about the possibility of the price reaching a whopping $500 USD mark on or before... View Article