After an action-packed weekend, the dust is settling. Opinions vary; news and rumors are abound. The data seems to suggest turbulent times ahead. According to some exchange’s data sets, Bitcoin pierced the Ichimoku Cloud. What does this mean? To make sure we’re getting everything straight, let’s recapitulate. Weekend Of Wonders In Bitcoin The Bitcoin network’s […]
Bitcoin is trading a few thousand above its former peak at $20,000, but the spark of a new altcoin season hasn’t yet arrived in the crypto industry. One reason for the delay of the bullish advance is because the total altcoin market cap has gotten itself stuck in the clouds. But as soon as the […]
The Ichimoku Cloud is a momentum indicator often used in technical analysis to gauge an asset’s trend. It is currently indicating that Bitcoin (BTC) is healthily recovering from an important support area. The cloud in the Ichimoku indicator is best described as a support line. If an asset goes too far high up the cloud, […]
Bitcoin is forming a pivotal buying signal after weeks of consolidation. The cryptocurrency pushed higher over the past 10 days, which allowed this indicator to trend higher to form the buying signal seen today. Bitcoin Prints Pivotal Ichimoku Cloud Crossover Josh Olszewicz, a crypto-asset analyst, recently noted that the cryptocurrency formed a bullish TK Cross as per the Ichimoku Cloud indicator. The indicator is a multi-faceted indicator that shows important price levels along with the […]
Over $1.5 billion in XRP futures have been liquidated since the start of November.