A Guide to Trading Cryptocurrency Part 4: Renko Charts

A Guide to Trading Cryptocurrency Part 4: Renko Charts

Renko charts are another Japanese technique that is easy-to-use and reliable for making profitable trades. Similar to candlesticks charts, Renko charts are even easier to analyse as these charts abstract from time and volume, focusing only on a substantial part of the...
Bitcoin Price Exhibits Huge Intraday Swings

Bitcoin Price Exhibits Huge Intraday Swings

BTC-USD displayed huge intraday swings on May 25, where bitcoin posted a record high at $2760.10 then fell around $500 only to recover the $2400 handle hours later. While the momentum is strong, upward surge cannot go on forever and we detail why BTC-USD will peak...
BitVal: Measuring Bitcoin Based On Money Laundering

BitVal: Measuring Bitcoin Based On Money Laundering

With bitcoin skyrocketing in price and looking to break $3,000 if the current trajectory holds, how much is too much? What is one bitcoin really worth? BitVal, a beta metric, tries to put a valuation measure on the cryptocurrency in a way that makes logical sense. For...
Crypto Markets In the Black: Bitcoin Price Inches Closer to $2000, Ether Breaks $100

Crypto Markets In the Black: Bitcoin Price Inches Closer to $2000, Ether Breaks $100

BTC-USD inched closer to $2000 on May 19, establishing yet another all-time high at $1954.99 on the Bitstamp exchange while cryptocurrency markets simultaneously followed bitcoin higher, with ether broke above the $100 psychological level for the first time since its...
Bitcoin Price Analysis: A Test of $1892 Incoming

Bitcoin Price Analysis: A Test of $1892 Incoming

BTC-USD has bounced back above $1800 momentarily on May 14 after dipping as low as $1601.46 on the Bitstamp exchange on May 13. After posting a fresh all-time high at $1892.00 earlier in the week, the market has completed a retracement to the 61.8 percent Fibonacci...
Markets Update: Bitcoin Briefly Dips Below $1500, Ether Retraces from $97

Markets Update: Bitcoin Briefly Dips Below $1500, Ether Retraces from $97

Cryptocurrency markets have continued their upward surge on May 5, with BTC-USD posting a fresh high at $1623.01 on the Bitstamp exchange, while ETH-USD peaked at $97 on Kraken. The price of bitcoin has been boosted by its highest ever volume in a 24-hour period,...