Can the Crash of 2014 Teach Us About the 2018 Bear Market?
Predicting price action in a fledgling asset class like cryptocurrencies which is still undergoing a series of volatile price discovery corrections is undoubtedly challenging, but performing retrospective fundamental and technical analyses of the factors surrounding the 2014 - 2016 bear cycle can provide clues as to what we can expect going forward from the midst of the current bear market.
EOS Price Analysis â May 23
On the daily chart, the price of EOS is bearish. The asset was in a range bound movement while at a price of $12.8. It later fell to the low of $11.8, made a pullback and resumed its range bound movement.
Tronix Price Analysis - May 23
Tronix is bearish in the short-term. Patience during consolidation is very key to good ride of the market as the bears broke the lower demand range of yesterday's analysis
Ripple Price Analysis â May 23
The price of Ripple is in a smooth downtrend. The price of the asset fell from the high of $0.67 to $0.63. At the support of $0.63 the asset commences a range bound movement.
Litecoin Price Analysis â May 23
On the daily chart, the price of Litecoin is on a smooth downtrend. The trend line shows the resistance levels where you can take your short trades. Meanwhile, the 20-day moving average and the 50-day moving average are trending southward.
Ethereum Price Analysis â May 23
On the daily chart, the price of Ethereum is in a smooth downtrend. The price of the asset has continued its fall to the low of $630. However, it made a pullback after the resistance at the support of $630.
Neo Price Analysis - May 23
Neo remains bearish in the short-term. The increase in momentum by the bears led to a continuous downward movement of the price to the $55.00 demand area
Bitcoin Price Analysis â May 23
On the daily chart, the price of Bitcoin is in a smooth downtrend. From the daily chart, the asset has fallen to the low of $7,900. The 20-day moving average and 50-day moving average are trending southward.
Alex Tapscottâs Taxonomy of Cryptoassets (From Consensus 2018)
At the recent Consensus 2018 conference, Alex Tapscott, co-author of the book "Blockchain Revolution", presented his taxonomy of cryptoassets and explained how they can be divided into seven categories.
Cardano Price Analysis - May 23
Cardano continues the bearish trend in the short-term. The bears continue to push the price lower as they increase their presence and pressure on the market.
EOS Price Analysis â May 22
On the daily chart, the price of EOS fell from the high of $14 to the low of $13. The 20-day moving average and 50-day moving average are trending southward.
Ripple Price Analysis â May 22
Price of Ripple is in a smooth downtrend. Price is making a series of lower highs and lower lows. As price pulls back from its recent low, a resistance level is created as the downtrend resumes.
Litecoin Price Analysis â May 22
On the daily chart, the price of Litecoin is falling and heading towards the critical support level at $130. The bearish outlook is confirmed by the 20-day moving average and the 50-day moving average that is trending southward.
Ethereum Price Analysis â May 22
On the daily chart, the price of Ethereum is falling as a result of the resistance at $715. The asset has fallen to the low of $685.
Tronix Price Analysis - May 22
Tronix goes into consolidation in the short-term. The bulls managed to push the price up to the $0.08300 supply zones, but lost momentum and the bears took over
Bitcoin Price Analysis â May 22
On the daily chart, the price of Bitcoin fell from the high $8,500 to $8,300. At the resistance level of $8,500, the asset was ranging and then later fell to the low of $8,300.
Consensus 2018 in Review
If Consensus 2018 could be defined in one word, then it would be 'weltschmerz;: physical reality just couldn't satisfy the expectations of the mind. However, it's the demands and expectations which require some adjustment.
Neo Price Analysis - May 22
Neo is bearish in the short-term. The loss in momentum by the bulls at the $66.00 supply area brought the bears back to the market.
Cardano Price Analysis - May 22
Cardano is bearish in the short-term. The bears' supremacy over the bulls was not over yet as they stage a return to the market
Crypto Roundup - 22 May 2018
Eight coins from the top 10 coins by 24-hour volume recorded a negative change, ranging from 2.2% to 6.7%. The LMAX Exchange announced a new cryptocurrency exchange regulated by the UKâs Financial Conduct Authority (FCA), specifically developed for institutional investors.
Former OKEx CEO Chris Lee Joins Rival Crypto Exchange Huobi
Chris Lee, former chief executive officer at cryptocurrency exchange OKEx, has recently joined rival exchange Huobi, according to a press release. Notably, the move comes merely one week after Lee resigned from OKEx to take a short break to spend time with his family.
EOS Price Analysis â May 21
The EOSUSD pair had a bearish breakout at $16 which resulted in its price falling to $13. During the week, the price of EOS dropped to a low of $12.
Tronix Price Analysis - May 21
Tronix remains bullish in the medium-term. The strong bearish pressure that started on April 30 at the $0.10000 supply zone gradually faded away on May 12, at the $0.05900 demand area.
Litecoin Price Analysis â May 21
Last week, the price of Litecoin was fluctuating between a resistance level at $150 and a support level at $130. During the week, Litecoin attempted to break the support level at $130, but faced resistance at $129.
LMAX Exchange to Launch Regulated Crypto Trading Platform for Institutional Investors
The LMAX Exchange, a multilateral trading firm based in London, reportedly received a number of requests from its clients who were interested in trading cryptocurrencies like Bitcoin, Ethereum, and Litecoin. In response, it decided to announce a new cryptocurrency exchange regulated by the UKâs Financial Conduct Authority (FCA), specifically developed for institutional investors.
Neo Price Analysis - May 21
The bulls are back in the medium-term outlook of Neo. The bears' pressure that started on April 30 when the price was at the $94.00 supply zone came to an end on May 18 at the $56.00 demand area.
Ripple Price Analysis â May 21
Last week, the XRPUSD pair was range bound between the levels of $0.75 and $0.65. Rippleâs price tested the support level at $0.65 for about four times without breaking it,
Ethereum Price Analysis â May 21
Last week, Ethereum was in a bearish trend. The asset traded and fell from a high of $723.67 to $678.03. I was of the opinion that if the downtrend continued and the price broke the support level at $650, Ethereum would fall to a low of $600
Iran, Russia May Use Cryptocurrencies to Dodge International Sanctions
With the aftermath of a breakdown in talks over a US-Iranian nuclear agreement, Iran may see the return of US sanctions. An Iranian MP has reportedly proposed a joint venture for Iran and Russia to use cryptocurrencies as a workaround to any potential economic sanctions.
Bitcoin Price Analysis â May 21
The BTCUSD pair had a bearish outlook throughout last week. The assetâs price was ranging from the $9,000 to the $8,000 level. It was assumed was that if the pair broke the support level at $8,000, the asset would fall lower to $7,000 or $6,685.
