Taking Long Positions in Bitcoin is Comfortable: Former BoA Trader

Taking long positions in Bitcoin should be comfortable for traders, according to Naeem Aslam. The former equity trader with the Bank of America said Thursday that he would purchase bitcoin if the crypto-asset compliments a crucial technical indicator. Dubbed as Moving Average, it allows traders to calculate an average asset value for a given period after removing noisy price movements. Should you buy #Bitcoin now? Here is a methodological approach which can help you.$XRP token is still holding above 0.30 and it shows bears are running out of steam pic.twitter.com/Hvi0zatQCK…

Minimal Long & Short Interest May Send Bitcoin (BTC) Plummeting, Warns Crypto Researcher

Lack Of Speculation May Precede Bitcoin (BTC) Drop Over recent weeks, there’s been an odd dichotomy between Bitcoin (BTC) bulls and bears. Optimists have claimed that as the cryptocurrency remains above key support levels, as volumes surge, a breakout is inbound. Conversely, short-term cynics have argued that lower lows are inbound. Crypto researcher Willy Woo, known for his cautious optimism, recently claimed that if BTC is to follow its historical trends, a drastic drop could be inbound. Backing his point, Woo cited the amount of open long and short interest…

What is Driving The Rally and How Long Will it Last?

In the past 3 weeks, the valuation of the crypto market has increased by more than $22 billion from $111 billion to $123 billion. Source: Coinmarketcap.com There is no shortage of technical charts, indicators, analysts and observers trying to predict where crypto markets and Bitcoin will go next. They are far more volatile than traditional stock or forex markets so many of these indicators may not be applicable in the same way. A lot is just guesswork so a combination of fundamentals and technicals may give us a better idea…

Bullish Sentiment for Bitcoin As Long Bets Near 11-Month Highs

Bullish bets on bitcoin, the world’s largest cryptocurrency by value, reached 11-month highs on Monday, according to the data from the cryptocurrency exchange Bitfinex. The number of long positions on bitcoin’s US dollar-denominated exchange rate (BTC/USD) jumped to 38,237 BTC at 04:10 BTC – the highest level since March 30, 2018 – and were last seen at 36,176 BTC. While long positions have risen by 35 percent in the last three weeks, short positions have remained largely unchanged. As a result, the long-short ratio, a barometer of market sentiment, has…

Smart Contracts Are No Problem for the World’s Legal Systems, so Long as They Behave Like Legal Contracts

Cryptocurrencies have been a headache (if not a nightmare) for the law. Ever since Ross Ulbricht launched the Silk Road online marketplace in February 2011, Bitcoin and its ilk have been disrupting the ability of authorities to police the globe, and to ensure that norms, regulations and laws are being observed. For a while, it was believed by some that smart contracts — essentially if-then instructions written into and executed by a blockchain — would do something very similar to the law itself, coming into potential conflict with the globe’s…

Reverse IPOs Slowly Growing as Cryptos Look to Go Public in the Long Bear Market

In a transaction that has all the hallmarks of a reverse initial public offering (IPO) — also called a reverse merger — OKC Holdings Corp., which is the parent company of OKCoin and OKEx (the world’s second-largest cryptocurrency exchange by trading volume) bought a controlling share in Leap Holdings Group on Jan. 14. Leap Holdings is a construction company listed on the Hong Kong Stock Exchange (HKEX), with a market cap of 978 million Hong Kong dollars ($124.7 million). OKC Holdings bought 3,182,790,001 shares at a price of HK$0.1520 ($0.019)…

Coinbase still Long on Bitcoin as CEO Investigates Details for Creating Value

There are many cryptocurrency traders, investors, and enthusiasts that might have grown tired of Bitcoin price predictions, given the fact that the markets are so volatile. For example, Tom Lee of Fundstrat Advisors, who has frequently appeared on popular media platforms such as Bloomberg and CNBC, gave various incorrect predictions about the price of Bitcoin before ultimately abandoning the prediction game. However, one individual is making a big prediction, even though there isn’t a specific price associated with it. That individual is Brian Armstrong, the CEO of Coinbase, one of…

Analyst: Ethereum Constantinople Is “Decidedly Bullish” Over Long Run

As the crypto market has been flushed with green tickers, Ethereum (ETH) has surged, moving from a year-to-date at $81 to $150 in a matter of a few weeks’ time. In classic crypto fashion, this monumental rally, which nearly doubled the value of Ether, wasn’t backed by a clear catalyst. Some looked to the potential advent of ETH-backed futures, while others looked to the impending Constantinople upgrade. A prominent crypto-friendly analyst and commentator, Alex Krüger, recently broke down the latter, doing his best to determine whether Constantinople can (or has) push(ed)…

Analyst: Ethereum Constantinople Is “Decidedly Bullish” Over Long Run

As the crypto market has been flushed with green tickers, Ethereum (ETH) has surged, moving from a year-to-date at $81 to $150 in a matter of a few weeks’ time. In classic crypto fashion, this monumental rally, which nearly doubled the value of Ether, wasn’t backed by a clear catalyst. Some looked to the potential advent of ETH-backed futures, while others looked to the impending Constantinople upgrade. A prominent crypto-friendly analyst and commentator, Alex Krüger, recently broke down the latter, doing his best to determine whether Constantinople can (or has) push(ed)…

Why the Bitcoin Price Could Take a Very Long Time to Reach New Highs

CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Throughout the past eleven months, the Bitcoin price has dropped from $19,500 to $3,000, by nearly 85 percent. The dominant cryptocurrency fell by 85 percent on average in its four past major corrections, so a similar drop from its all-time high was expected by many investors. But, according to Bitcoin and technology researcher Boris Hristov, this bear market could potentially last significantly longer than previous corrections. All Depends on…