BTC has a favorable setup in terms of many moving averages and more. For example, the MACD is gearing up to cross on the daily, and we already have crosses of key averages on lower time frames.
Bitcoin managed to rally back to $4.3k from a low of $3.5k, and many alts have rallied back from their respective lows with even more conviction.
The 2018 triangle broke down Nov 19th and it resulted in a 50% drop for BTC. There is however a possibility that this will end up being a false breakdown. Let’s look what a “False Continuation Breakout” pattern would look like in BTC.
CoinDesk’s Consensus: Invest conference is happening and you can watch it live at CoinDesk.
VanEck’s ETF might be in limbo with the SEC, but they are moving forward with crypto by partnering with NASDAQ to “bring a regulated crypto 2.0 futures-type contract” to the market.
The decline in the total market cap of all crypto in 2018 from peak to low is actually bigger than in 2014. Not just in dollar amount, but in the percentage dropped.
Coinbase Wallet (an Ethereum wallet / DApp browser) now supports Ethereum Classic.
This isn’t the first major crypto bubble that started with a media blitz and ended with heavy losses for bag holders.
If you bought the top of the 2017 – 2018 crypto market, you could be down 80% – 99.9% depending on what you bought. That is rough, but you have options.
The SEC’s Hester Peirce did an interview with Peter McCormack of “What Bitcoin Did” where she discusses crypto regulations.
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