BTC price at the moment of writing is exactly 6999. Total market capitalization has decreased to 228 Billion dollars and the market dominance has increased by 0.5% to 53.1%. BTC hasn't been able to stay above 7000 and bulls have had problems with volume, something which is very much visible in total market cap decline. The price/volume action of the last two days...
BTC price is 7035 at the moment and market dominance is 53.0% which is lower than yesterday. Total market capitalization has increased consistently since August 14th, but this 228 billion dollar market cap is still a long way from what we had only a month ago (300 billions dollars on July 26th). Daily candle so far is green with good volume and the price has been...
As you can see the Stochastic is reaching its resistance, the price is at SMA 20 and it is touching a Fibonacci retracement level, so at the moment from a technical point of view it seems likely that the price will drop toward 6000 and 5800, so shorting Bitcoin at the moment is a more logical step. This also makes sense given that while the bears were out of the...
At the moment BTC price is close to 6700 and the market dominance is 53.7%. Yesterday Bitcoin had its lowest trading volume since July 14th on Binance and while it shortly got close to 6800 in the end the price stayed fairly stable in the 6600-6700 range. Given yesterday's low trading volume one must be cautious when it comes to opening new longs. Low volume and...
One of the most common questions that our followers ask us is "When do you close a profitable trade?" The answer to above question, like many other questions in financial markets, depends on your level of risk taking. One may take an aggressive approach and one may take a conservative one. You can hold your position until you can get huge profits or you might...
Minor price rise on lower than average volume? Hmmmm...
More data is needed to confirm the next move for the near future
Precious metals are not in good conditions right now
We don't think opening a long position here is a wise idea (in short and middle term)