Published in Coinmonks·PinnedBitcoin’s three unbreakable truthsOn the back of more substantial losses over this last week, Bitcoin has reconfirmed its bearish trend that has now been at play for over three months. So, the question becomes, where can we look for this trend to complete? To answer this question, we must take a step back…Bitcoin4 min read
Published in Coinmonks·2 days agoThe Once in a lifetime reason to buy Ethereum right nowThe Once in a lifetime reason to buy Ethereum right now Ethereum is about to undergo a once-in-a-lifetime metamorphosis that will be remembered for decades. My conservative estimate is that Ethereum prices will 2x over the next month and continue to climb higher and possibly faster than it ever has…Ethereum3 min read
Published in Coinmonks·Aug 3BTC and ETH current wave count and rangesEthereum and Bitcoin are posting their first daily gains this week while they both are trading near the top of their current ranges. Bitcoin’s range is defined by a compression triangle drawn from connecting the lows reached on June 18th and July 13th and extending forward in time, the same…3 min read
Published in Coinmonks·Jul 29Recent action points to a temporary bottom in BTC has been hitOver the last few weeks, we have been hesitant to label the low at $17,585 reached on June 18th as the bottom for Bitcoin’s price. We did however conclude that all the criteria for a BTC bottom had been met. …Bitcoin News5 min read
Published in Coinmonks·Jul 27This week is packed with possibilitiesBitcoin and ETH gained ground on the first day of the Federal Reserve’s FOMC meeting. The meeting will conclude on Wednesday when a second consecutive rate hike of 75 basis points is expected to be announced. This will likely drag down the prices of a lot of things including cryptocurrencies…3 min read
Published in Coinmonks·Jul 21BTC holds 200-week SMA while ETH steals spotlight againBitcoin is currently trading flat on the day at approximately $23,160 as of 4:30 ET and still holding above the crucial 200-week SMA. Current prices also are above the 50-day SMA after dipping below this indicator earlier in the trading session. The dip was likely brought on by Tesla’s second-quarter…3 min read
Published in Coinmonks·Jul 19While the spotlight this weekend was on the capo of the Cryptonio crime family Ethereum known on…While the spotlight this weekend was on the capo of the Cryptonio crime family Ethereum known on the streets as little Tony evil, the godfather himself Sammy the bull Satoshi is making a comeback to remind everyone who is in charge.Ethereum2 min read
Published in Coinmonks·Jul 18Cryptos finally get some positive publicity, sparking gains over the weekendOver the past few months, the cryptocurrency sector has been plagued with headlines of huge corporations going insolvent and losing their investor’s funds. Such as Three Arrows Capital, a Singapore-based hedge fund that held a huge presence in the crypto space going insolvent while still in substantial debt. Then there…Ethereum3 min read
Published in Coinmonks·Jul 1BTC price bottom likely at 2019 highsBitcoin has resumed its downward trend and as of 4:45 PM, ET is trading lower by almost $1,300 or (-6.38%) at $18,880. It broke through support which was the 2017–2018 high of $19,660 and seems destined to trade to the 2019 high at $13,880. New to trading? Try crypto trading…2 min read
Published in Coinmonks·Jun 30BTC’s 3 Truths Remain Unbroken“We are in the midst of the fifth of these parabolic cycles. The first rule has already been met when in December 2020, we traded above the previous record high ($20,00), and the monthly candle doubled in size. However, the final two characteristics point to the possibility that Bitcoin has…Bitcoin2 min read
