Month: February 2020

Can Ethereum Bulls Overcome This Hurdle To Start Fresh Rally?

TradingBTC

Ethereum decline to a new 3-week low at $208 against the US Dollar, similar to bitcoin. ETH price could correct higher in the short term, but upsides are likely to remain capped near $242. ETH price is currently showing a few recovery signs from the $208 low against the US Dollar. The price is now trading above the $220 level, but it is facing many hurdles. There is a major bearish trend line forming with resistance near $225 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair…

This Odd Factor Suggests Bitcoin’s Bull Case is Rapidly Building After 20% Drop

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After Bitcoin started to tank earlier this week, analysts have been wondering at which point the cryptocurrency will bottom. While traders across the board are divided about the exact answer to this pressing question, there is a rapidly-building case that BTC will soon start to trend higher once again after the nearly 20% drop it has experienced this far. Litecoin Prints Signs of Bottom, Boding Well for Bitcoin Prominent cryptocurrency trader Big Cheds recently identified that Litecoin is seemingly “working on a potential triple bottom,” marked by consolidation around a…

How to Recover After $30M Hack and Mining Tax Row?

TradingBTC

Each crypto token commands a small army of fierce supporters. For many, the sole cryptocurrency that is worthy of such staunch support is Bitcoin (BTC). But what truly is Bitcoin, what is its purpose, and how can it be fully optimized? The division among those trying to answer these questions led to the creation of Bitcoin Cash (BCH), Bitcoin’s most successful offshoot. While for some, BCH has been the answer to crypto’s woes, but the coin has had some significant issues of its own over the past few months. From…

Donald Trump’s Coronavirus Press Conference Completely Misses the Point

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A Washington state health official announced the country’s first confirmed coronavirus death on Saturday. Donald Trump held a press conference later that day to give a coronavirus update. Not only did he get the gender of the patient wrong, but he also spent most of the press conference wasting our time. Donald Trump spent the first five minutes his coronavirus press conference on Saturday patting himself on the back for his Taliban deal. He then repeatedly acknowledged his excellent handling of the coronavirus in its early stages. The U.S., meanwhile,…

‘Dumb Money’ Investors Pouring into Virus Stocks; They’re About to Get Wrecked

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Retail traders are ditching Virgin Galactic as the space exploration stock collapses from its all-time highs. The retail crowd is flooding into biotech stocks on speculation that they may benefit from the Wuhan coronavirus outbreak. These “dumb money” investors are setting themselves for failure. Many will see their investments evaporate as institutional investors pull the rug out from under them. Retail investors always seem to lose, don’t they? After getting clobbered in Virgin Galactic (NYSE: SPCE), which has fallen significantly from its all-time highs, the dumb money is now moving…

3 Ways to Protect Your 401(k) From Coronavirus Shock How to Protect Your 401(K) from the Coronavirus Shock

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401 (k) holders are running for the hills, selling stocks as coronavirus fear reaches hysteria levels. Despite the declines, 401 (K) investors should stay the course. As the Great Recession proved, those who remained invested nearly tripled their returns ten years later. Be mindful of your portfolio’s concentration. You don’t want to have too much exposure to any one investment. People saving for retirement are understandably freaking out as coronavirus fears affect the global economy. The stock market has plummeted for the sixth day in a row. The Great Recession…

The Stock Market’s Biggest Bear Says S&P 500 Just Flashed a ‘Buy’ Signal

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Investor sentiment dropped to extreme fear levels after investors dumped shares at an unprecedented rate. One perma bear believes the stock market just showed a ‘buy’ signal. Other analysts are also seeing signs of a bounce. The stock market has been brutally battered this week. The S&P 500 plunged by over 10% in five trading days before bulls showed up to stop the bleeding. On top of that, the severe correction wiped out over five months of gains in just seven days of trading. It’s no wonder that investor sentiment…

Bitcoin to Soon Explode Past $9,000

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After a brutal start to the week that saw Bitcoin crash from $10,000 to as low as $8,500, the crypto market has finally started to show signs of consolidation. According to a well-known crypto trader who has predicted recent price action quite well, this consolidation is a potential sign that Bitcoin will soon re-enter the $9,000s. Such a move, other analysts have said, will confirm that BTC will continue higher, likely moving past its local high at $10,500 prior to the halving. Meet the Trader Who Called Bitcoin’s January Price…

Antonio Brown Needs to Admit His Apology Tour Has Failed

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Antonio Brown has continued on his “apology” tour in a desperate bid to get back in the NFL’s good graces. Both the Pittsburgh Steelers and the Las Vegas Raiders have effectively shut the door on Brown, leaving him with few options in the world’s premier football league. It’s time for him to admit his NFL career may be over. Antonio Brown is finally on his best behavior. But his “apology tour” may be too little, too late. It doesn’t look like it’ll secure him a roster spot in the NFL…

Market Analysts Naeem Aslam and Ian Balina Debate Coronavirus and Crypto

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In today’s crypto market discussion, Cointelegraph is joined by crypto analyst Naeem Aslam, and the CEO of Tokenmetrics Ian Balina to discuss the impact of the coronavirus on the cryptocurrency markets.  Will the economic impacts of the coronavirus leave people flocking to cryptocurrencies as a safe haven? Naeem Aslam is skeptical of Bitcoin’s purported ‘safe haven’ status, emphasizing that Bitcoin is a haven from central bank monetary policy, and not infectious diseases: “I think when we talk about Bitcoin as a safe haven asset, we’re really talking about in relation…