INTERMARKET ANALYSIS: Where Bitcoin Fits In
This is part of a larger presentation I did at Coinagenda. See the complete slides here. I encourage everyone to quickly go through the slide deck to check the pulse of the global economy. The macro environment looks like one of deflation rather than the inflation that central banks were trying to create. These charts show failed global central bank policy. In this presentation I use simple technical indicators: the 50, 100, & 200 day exponential moving averages for the daily charts and weekly charts and the Relative Strength Index. The reason why is because the charts really speak for....
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The US Federal Reserve ended QE last week and promised to keep rates “extraordinarily low” for an extended period of time. However, the great QE rotation has been passed to the Bank of Japan (BOJ) and they answered the call mightily Friday by increasing their bond purchases (QE) by a third. They will not only be buying bonds but stocks and real estate. Meanwhile, the Japanese pension fund announced it will increase its allocation to domestic and foreign stocks. On the tail end of this, global stock markets roared to the upside and the Japanese stock market (Nikkei) has reached a 7 year....
Bitcoin price dropped sharply today as apparent nervous profit taking took hold. Price remained above critical 4-hour chart support in the form of the 200-period moving average. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 16h59 UTC. Bitfinex 15-Minute Chart. Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, earlier today: The sell-off was unexpected, but then, it is an ABC correction that....
We all want Bitcoin price advance and sooner would be better than later. Acknowledged. Yet, at the risk of being a wet blanket, it has to be pointed out that the current wave still fits with our consolidative outlook and may not continue advancing this time round. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 16h59 UTC. OKCoin 4-Hour Chart. From the analysis pages of xbt.social, earlier today: There is little in the chart to give us....
New Bitcoin cold storage device CoolWallet from CoolbitX Technology is the size of a credit card, doesn’t need cables, fits in a common wallet and will grant owners confidence in the security of their Bitcoin wealth. Cold storage is quickly becoming a popular concept within the cryptocurrency industry. Considering the inherent risks involved in online storage of Bitcoin, the industry is devising better methods to keep the coins safe. One of these is somewhere the hackers cannot reach, i.e. (pc or smartphone). “I've had a short look at the CoolWallet. Honestly I'm not sure what its target....
Bitcoin price had been trailing just below its 1-hour 200-period moving average for days. The overlap between the Sunday evening US session and the early Monday Asia-Pacific session saw a sharp sell-off - to support - where the market is now eyeing $200. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 15h00 UTC. Bitfinex 1-Hour Chart. From the analysis pages of xbt.social, earlier today: The Greek elections have had a market positive....