Black Friday Crypto Moves, El Salvador Doubles Down on BTC, Celsius CFO Arrested

Bitcoin rose on Sunday, recovering from the losses it experienced on Black Friday. Interestingly enough, many analysts are tying the 8% drop in price to concerns about the new Omicron strain of Covid-19 (I know, we’re all over hearing about new reasons for governments to enforce lockdowns, aka “strains”). Prices for many altcoins also plummetedContinue reading “Black Friday Crypto Moves, El Salvador Doubles Down on BTC, Celsius CFO Arrested”

SOL/USD Upside – 29 Nov 2021

SOL/USD has retraced into the 50% fibonacci support level and trendline support. We’re looking for price to continue upside into the 250 level. Upside Target: 250 Violated below: 180

LTC/USD Upside – 24 Nov 2021

Litecoin has made a pullback into support at the daily trendline and previous structure. I’m looking for price to make a bounce from this region in the next few days of trading. Upside Target: 280 Violated Below: 170

AXS/USD Upside – 23 Nov 2021

We are looking for upside on AXS (Axie Infinity / US Dollar) today, as the token has stabilised at support. The token can also be staked at 100%+ per annum, incentivising buyers to hodl. Upside target: 175 Violated below: 112

ADA/USD Downside – 22 Nov 2021

ADA/USD is moving to the downside aggressively now, holding below the 4H 50 moving average. The RSI is pointing to continued downside, and we are targeting the 61.8% Fibonacci level extension. Downside Target: 1.400 Violated Above: 2.100

BTC Down, Square’s White Paper, The Bitcoin City Emerging

Bitcoin underperformed over the last few days, whilst alt coins experience increased demand. Bitcoin declined nearly 10% last week, however SOL rose 8%, and Eth rose 5%. Why is Bitcoin underperforming? Bitcoin now has significant exposure to price manipulation given the discrepancies between BTC/USD and BTC/USDT, as well as leveraged trading on the perpetual futuresContinue reading “BTC Down, Square’s White Paper, The Bitcoin City Emerging”

MANA/USD Downside – 17 Nov 2021

Mana/usd has enjoyed a pump following Facebook / Meta news, however price has lost its upside momentum and we’re now looking for a drop from the resistance trendline. Downside target: 2.300 Violated Above: 3.800

ETH/USD Downside! 16 Nov 2021

Ethereum has made a significant drop in the last 24 hours as Biden’s infrastructure plan was approved today. The infrastructure plan had an obscure cryptocurrency tax reporting requirement. We’re capitalising on the downside pressure, targeting Ethereum downside into the $3750 level. Downside target: 3750 Violated above: 4900

FTX Volumes Fly, Crypto Politics, And Anti-Crypto Movements

In the last week Cryptocurrencies have again made headlines globally, as both Ethereum and bitcoin have pushed to fresh All-Time-Highs. Today we’ll be looking at the rising interest in crypto, the politics of cryptocurrencies, as well as the anti-crypto movements and media misinformation. Strap yourself in, today will be an interesting read! FTX Volumes SkyrocketContinue reading “FTX Volumes Fly, Crypto Politics, And Anti-Crypto Movements”