BTC Shorts Near 2018 High As Bitcoin Ranges around 2018 Lows
BTC Shorts (BTCUSDSHORTS) are nearing their 2018 high as Bitcoin ranges around its 2018 lows. Is BTCUSDSHORTS going to the moon? Let’s discuss that.
Bitcoin Contracts on Bakkt Will be Settled in Bitcoin
Bakkt’s daily Bitcoin contracts will not be traded on margin or use leverage. They will simply be contracts for Bitcoin, “backed” by Bitcoin and settled in Bitcoin (as opposed to cash), in an effort to promote price discovery for Bitcoin.
Is Alt Season Coming?
The first signs of alt season (when altcoins go up against Bitcoin for a period of time) are occurring here on August 17th, 2018. That said, it’s far too early to declare it the season of the alts.
Swedish Bitcoin ETN Now Available Through US Markets
A Swedish Bitcoin Exchange Traded Note (ETN) called Bitcoin Tracker One (CXBTF) can now be invested in via some US markets. Check with your broker/exchange to see if the product is offered.
What if Ethereum is a Bullish Fractal?
What if Ethereum ends up being a bullish fractal? In other words, what if the pattern on the log chart keeps repeating? So far, so good on Ether fractals.
Ethereum Is Back Below $300, Should You Panic Sell, FOMO Buy, or Neither… That is the Question
Ethereum is trading under $300 at roughly $285. That is the low range of where it traded in the fall. With 2017 resistance now acting as support the questions become, 1. “Why did this happen,” and 2. “Should I panic sell, FOMO buy, or just hide under a rock?”
Alts See Sell off While Bitcoin Attempts to Hold $6 Again
Bitcoin has resisted dropping below $6k yet again, unfortunately most altcoins from Ethereum down are mostly in panic mode with Ether taking an usually big hit.
Bitcoin Dominance At Over 50% For the First Time in 2018
Bitcoin dominance reached a 2018 high of 50%. Dominance is up from a 33% year low. That means half the market cap of all cryptocurrency is now in Bitcoin alone. Unfortunately for holders this can be attributed to a decline in the alt market rather than a growth in Bitcoin.
Will 2017 Resistance Hold as Support?
Many alts are falling toward their resistance levels from the second half of 2017. If those levels don’t hold, it could take altcoins down to uncomfortable lows.
Tons of Bullish News at New Bear Prices
There is a ton of Bullish news, from ICE’s Bakkt, to Coinbase updates, to news about Coinbase, Stellar, and Facebook, to Volkswagen’s Blockchain project, to IBM’s blockchain projects, etc. Yet prices of most cryptos are the worst in 2018 so far.