Can IEO Cryptos Recover After MATIC’s Mysterious 70% Plunge?

[ad_1] One of Binance’s initial exchange offering (IEO) tokens, Matic Network (MATIC), dropped almost 70% on Dec. 10. Meanwhile, other IEOs such as Celer Network (CELR) and Harmony (ONE) also followed suit. Based on the Ichimoku Cloud, MATIC’s trend now sits in jeopardy as CELR and ONE seem to have lost whatever momentum they were gathering for a potential uptrend. MATIC dumps taking other IEOs with itAlthough the rationale for MATIC’s plunge

5 Bullish Candlestick Patterns Every Bitcoin, Crypto Trader Must Know

[ad_1] Candlestick charts are favored by crypto traders due to their visual appeal and simple to understand nature. Their history lies in the Japanese rice trading and the system has been updated and utilized throughout the years, becoming the most popular method of charting assets.They are called candlesticks because of their rectangular shape and long lines (wicks) formed by price action during a certain time period. Candlesticks can also give

It’s All About $7,400 for Bitcoin Price as a Big Move Is Now Imminent

[ad_1] Bitcoin (BTC) closed the week slightly above $7,500 up 1.56% ($115), which marks the first positive week since the close of the first week of August. Today Bitcoin touched a high at $7,660 following and a low at $7,370 with most of the price action taking place in the second half of the day.The 24-hour losses listed in the chart below show that the wider market has followed suit

10 Key Things to Consider When Choosing a Crypto Exchange

[ad_1] Choosing the right cryptocurrency exchange may be one of the most important initial tasks an interested trader or investor must complete. Picking the wrong platform could potentially lead down a road riddled with hacks, distractions and wasted effort.When looking for the right exchange, interested parties must first know what they are looking to accomplish. For example, is the goal to simply invest on a longer term basis, or to

Sorry — But Bitcoin Can Still Drop to $2.7K While Everyone’s Bullish

[ad_1] As the Bitcoin price (BTC) begins to slowly ascend, the question on everyone’s minds is whether the latest bottom is in, or whether there is more pain ahead.  In this article, I will aim to provide some insight as to what one can expect based on the information from the charts. Daily crypto market performance. Source: Coin360.comLower CME gap to be filledBITCOIN CME futures daily chart. Source: TradingViewIn last week's analysis,

6 Altcoins That Are Currently Making Me Avoid BTC

[ad_1] Since publishing the last trading journal two weeks ago, I have made a number of altcoin trades but not a single Bitcoin (BTC) trade other than closing my long from $6,900 in segments between $7,550 and $7,700. Currently, I am trading Matic Network (MATIC), WePower (WPR), Zilliqa (ZIL), Verge (XVG), Fantom (FTM) and ChainLink (LINK). In the last journal, I detailed a 2% positional loss on my REN trade

Bitcoin Price Showing Hidden Signs of Reversing — Next Target $8.2K

[ad_1] This week Bitcoin (BTC) continued to trade within a tightly defined range and at the time of writing the price is flat. The bulls and bears have been throwing the market back and forth with moments of high volatility on the lower timeframes, all of which are often a sign of a larger move simmering beneath the surface.The wider market remains in a similar position, although some altcoins like

Crypto Market Flips Green — But Is Bitcoin Ready to Retest $8,000?

[ad_1] On Dec. 4, Bitcoin (BTC) unexpectedly rallied hard from $7,080 and over the next 5 hours the digital asset had moved 9.92% to trade for $7,788. The strong surge briefly broke the pattern of lower highs lower lows. But by the end of the day, the price had retraced back to $7,100. Crypto market weekly performance. Source: Coin360Bitcoin price slowed down as it met resistance at $7,800 and was unable

Key Indicator Shows Ripple (XRP) Price Could be on the Verge of a Rally

[ad_1] The majority of the Ripple (XRP) holders were waiting for the yearly Swell conference to bring some excitement to XRP price. However, the price didn’t move at all and Ripple is searching for annual lows on its USD pair. Crypto market daily performance. Source: Coin360The question is, was it reasonable for investors to expect a vast rally before the Swell conference or should they have not expected any upward movement

Bitcoin Price Shifts Toward Key Moving Average as Bears Target $5,000

[ad_1] As part of its current mid-term downtrend, Bitcoin (BTC) could be headed toward its 200-week moving average (MA), a level that has been a major historical bottom. Since hitting its 2019 high of approximately $13,890, Bitcoin has seen lower highs indicative of a downward trend, at least in the mid-term. After a corrective bounce up to $7,875 last week, Bitcoin was unable to shake its larger downtrend, heading back down to