Buyers making a play.

The price of bitcoin on Coinbase has moved higher in trading today. The price is up about $66 to $5157.55. In the process, the price moved above the 100 hour MA (blue line in the chart below) at $5083.11. The 200 hour MA has seen the price action (green line), move above and below the MA line.   

Buyers making a play.
Being back above the 100 hour MA is more bullish. The level is now a risk level for longs. Stay above keeps the bulls in control, but move back below and the buyers could shift to sellers.  

Last week, the price moved up to a high of $5488 on Wednesday, but moved below the 100 hour MA on Thursday.  It remained below that MA and bottomed near $4900 on Friday. The weekend saw the price action move more up and down sideways.  

SUMMARY: Buyers are making the play but has more work to with a move away from the 200 hour MA.  Risk is defined though at the 100 hour MA at $5084.17
ForexLive

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Tue 9 Apr 2019 05:19:18 GMT

6

China looks into eliminating Bitcoin mining

China's state planner decides to add cryptocurrency mining to list of activities that should be phased out But before any decision is made on this, the NRDC will be seeking public opinions on the matter and the public has until 7 May to comment on the draft.

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China looks into eliminating Bitcoin mining


//az705044.vo.msecnd.net/20190409/china-bitcoin.png Justin Low
Tue 9 Apr 2019 05:19:18 GMT
Author: Justin Low
Category: Cryptocurrency
6


China's state planner decides to add cryptocurrency mining to list of activities that should be phased out But before any decision is made on this, the NRDC will be seeking public opinions on the matter and the public has until 7 May to comment on the draft.

Asset 24 View More
S&P 500 and relationship to jobless claims
Asset 41
Mon 8 Apr 2019 19:28:50 GMT

Bitcoin trades to a new year high but backs off. What would hurt the bullish bias?

Takes out last week's high at $5345, but high can only reach $5352 Bitcoin on Coinbase is up about $70 at $5216.  The high for the day reached $5352.50. That was high enough to take out the high from last week (and the year) at $5345.  The failure to run higher, has led to a rotation lower, but the digital currency remains up on the day.

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Bitcoin trades to a new year high but backs off. What would hurt the bullish bias?


//az705044.vo.msecnd.net/20190408/2019-04-08_12-18-29.jpg Greg Michalowski
Mon 8 Apr 2019 19:28:50 GMT
Category: Cryptocurrency
0
Takes out last week's high at $5345, but high can only reach $5352 Bitcoin on Coinbase is up about $70 at $5216.  The high for the day reached $5352.50. That was high enough to take out the high from last week (and the year) at $5345.  The failure to run higher, has led to a rotation lower, but the digital currency remains up on the day.

Asset 24 View More
Tue 2 Apr 2019 18:38:11 GMT

2

Bitcoin holds most of the gains from the surge higher

Coinbase price moves above the 200 day MA The price of bitcoin surged higher in trading today. The low today was at $4127.20. The high extended to $5121. This is on the Coinbase exchange. 

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Bitcoin holds most of the gains from the surge higher


//az705044.vo.msecnd.net/20190402/2019-04-02_11-21-08.jpg Greg Michalowski
Tue 2 Apr 2019 18:38:11 GMT
Category: Cryptocurrency
2
Coinbase price moves above the 200 day MA The price of bitcoin surged higher in trading today. The low today was at $4127.20. The high extended to $5121. This is on the Coinbase exchange. 

Asset 24 View More
Tue 2 Apr 2019 04:53:49 GMT

4

Bitcoin spikes by more than 10% to over four-month highs

Price breaks out of its narrow range since December ForexLive I'm trying to look for reasons for the move higher here but I'm really not seeing any (the usual 'pump and dump' move perhaps?). Price now cracks above the $4,600 level as I'm typing this.

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Bitcoin spikes by more than 10% to over four-month highs


//az705044.vo.msecnd.net/20190402/4-2-2019-1-03-37-pm.png Justin Low
Tue 2 Apr 2019 04:53:49 GMT
Author: Justin Low
Category: Cryptocurrency
4
Price breaks out of its narrow range since December ForexLive I'm trying to look for reasons for the move higher here but I'm really not seeing any (the usual 'pump and dump' move perhaps?). Price now cracks above the $4,600 level as I'm typing this.

Asset 24 View More
Mon 1 Apr 2019 15:22:35 GMT

1

Bitcoin bounces off the 100 hour MA/trend line support

Is it a high for the year? The price of bitcoin is higher on the day and according to Bloomberg, reaching a high for the year.  The problem is Bloomberg uses the weekday trading data.  Coinbase, a leader in digital currency, has the highs for the year on Feb 23 and 24. Those highs came on a weekend.  

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Bitcoin bounces off the 100 hour MA/trend line support


//az705044.vo.msecnd.net/20190401/2019-04-01_8-11-00aaa.jpg Greg Michalowski
Mon 1 Apr 2019 15:22:35 GMT
Category: Cryptocurrency
1
Is it a high for the year? The price of bitcoin is higher on the day and according to Bloomberg, reaching a high for the year.  The problem is Bloomberg uses the weekday trading data.  Coinbase, a leader in digital currency, has the highs for the year on Feb 23 and 24. Those highs came on a weekend.  

Asset 24 View More
Mon 25 Mar 2019 20:00:38 GMT

3

Bitcoin makes break for it

The breaks are not like the old days but.... The price of bitcoin on Coinbase is making a break for it. That is the price is moving away from the 100 and 200 hour MAs - puttting the bears in control. 

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Bitcoin makes break for it


//az705044.vo.msecnd.net/20190325/2019-03-25_12-58-43.jpg Greg Michalowski
Mon 25 Mar 2019 20:00:38 GMT
Category: Cryptocurrency
3
The breaks are not like the old days but.... The price of bitcoin on Coinbase is making a break for it. That is the price is moving away from the 100 and 200 hour MAs - puttting the bears in control. 

Asset 24 View More
Mon 25 Mar 2019 07:09:26 GMT

1

Swiss National Bank: No rate hikes expected for a couple of years

Negative rates the new normal for the SNB Thomas Jordan has said recently that  The SNB spent over 2 billion CHF in currency intervention last ye The interest rate at the SNB remains at -0.75% and even though the CHF has depreciated recently it is still described by the SNB as 'highly valued'.

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Swiss National Bank: No rate hikes expected for a couple of years


//az705044.vo.msecnd.net/20190322/peter-ogilvie-589716-unsplash.jpg Giles Coghlan
Mon 25 Mar 2019 07:09:26 GMT
Category: Cryptocurrency
1
Negative rates the new normal for the SNB Thomas Jordan has said recently that  The SNB spent over 2 billion CHF in currency intervention last ye The interest rate at the SNB remains at -0.75% and even though the CHF has depreciated recently it is still described by the SNB as 'highly valued'.

Asset 24 View More
Sat 23 Mar 2019 15:19:28 GMT

14

95% of all reported Bitcoin trading volume is faked - report

High rates of fake volume are no surprise Bitwise Asset Management analyzed trading activity at 81 exchanges over four days in March and found that the volume of trading is much lower than reported.

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95% of all reported Bitcoin trading volume is faked - report


//az705044.vo.msecnd.net/20181221/bitcoin.png Adam Button
Sat 23 Mar 2019 15:19:28 GMT
Author: Adam Button
Category: Cryptocurrency
14
High rates of fake volume are no surprise Bitwise Asset Management analyzed trading activity at 81 exchanges over four days in March and found that the volume of trading is much lower than reported.

Asset 24 View More
Mon 18 Mar 2019 23:54:38 GMT

1

CBOE abandons bitcoin futures (last contract expires in June)

Cboe (Chicago Board Options Exchange) has announced it will stop listing of bitcoin futures. - It will not add new bitcoin futures in March. - Final batch roll off in June …. after that nothing. BTC futures also trade on the CME, cash-settled and also denominated in USD

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CBOE abandons bitcoin futures (last contract expires in June)


https://az705044.vo.msecnd.net/20190318/cboe.png Eamonn Sheridan
Mon 18 Mar 2019 23:54:38 GMT
Category: Cryptocurrency
1
Cboe (Chicago Board Options Exchange) has announced it will stop listing of bitcoin futures. - It will not add new bitcoin futures in March. - Final batch roll off in June …. after that nothing. BTC futures also trade on the CME, cash-settled and also denominated in USD

Asset 24 View More
Mon 18 Mar 2019 22:38:27 GMT

Japanese financial authorities to cap leverage in cryptocurrency trading

Japan press (Nikkei) report on moves to further restrict crypto margin trading - cabinet has approved draft amendments to laws which would cap leverage in virtual currency margin trading at two to four times initial deposits

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Japanese financial authorities to cap leverage in cryptocurrency trading


https://az705044.vo.msecnd.net/20181221/bitcoin.png Eamonn Sheridan
Mon 18 Mar 2019 22:38:27 GMT
Category: Cryptocurrency
0
Japan press (Nikkei) report on moves to further restrict crypto margin trading - cabinet has approved draft amendments to laws which would cap leverage in virtual currency margin trading at two to four times initial deposits

Asset 24 View More
Fri 15 Mar 2019 01:12:39 GMT

Japanese court finds former head of crypto exchange Mt. Gox guilty

Sentence is 2.5 years, but suspended for 4 years here we go, more: - guilty of illegal production of electronic records - found not guilty on charges of embezzlement and aggravated breach of trust

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Japanese court finds former head of crypto exchange Mt. Gox guilty


Eamonn Sheridan
Fri 15 Mar 2019 01:12:39 GMT
Category: Cryptocurrency
0
Sentence is 2.5 years, but suspended for 4 years here we go, more: - guilty of illegal production of electronic records - found not guilty on charges of embezzlement and aggravated breach of trust

Asset 24 View More
Wed 13 Mar 2019 23:49:09 GMT

1

Cryptocurrency - Another one bites the dust - Gatecoin exchange liquidation

Crypto exchange with a statement, in brief: Gatecoin Meanwhile, daily BTC chart: Dunno how you open a website, call it an exchange, and off it goes merrily from there. 

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Cryptocurrency - Another one bites the dust - Gatecoin exchange liquidation


https://az705044.vo.msecnd.net/20190313/btc-bitcoin-chart-daily.png Eamonn Sheridan
Wed 13 Mar 2019 23:49:09 GMT
Category: Cryptocurrency
1
Crypto exchange with a statement, in brief: Gatecoin Meanwhile, daily BTC chart: Dunno how you open a website, call it an exchange, and off it goes merrily from there. 

Asset 24 View More
Tue 5 Mar 2019 17:00:56 GMT

Litecoin jumps 17% to the best levels of the year. What's behind the rally.

Litecoin surges Litecoin is leading the way in a broad cryptocurrency rally today. It's up 17.4% to $53.43 and touched at high of $54.00. That's the best level since November as it briefly crested above the February peak of $53.44.

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Litecoin jumps 17% to the best levels of the year. What's behind the rally.


//az705044.vo.msecnd.net/20190305/litecoin-chart.png Adam Button
Tue 5 Mar 2019 17:00:56 GMT
Author: Adam Button
Category: Cryptocurrency
0
Litecoin surges Litecoin is leading the way in a broad cryptocurrency rally today. It's up 17.4% to $53.43 and touched at high of $54.00. That's the best level since November as it briefly crested above the February peak of $53.44.

Asset 24 View More
Mon 4 Mar 2019 15:09:10 GMT

Bitcoin tests its 100 day MA on dip. Key barometer for buyers and sellers

Key level tested on move lower today The price of bitcoin on Coinbase is trading down about $80 at $3708 currently.  Looking at the hourly chart above, since Feb 24, the digital currency has been able to stay below its 200 hour MA (on every bar with the exeption of one bar on Feb 28th).  Over the weekend, the price waffled above and below its 100 hour MA in a narrow range. That 100 hour MA currently comes in at $3797.06.  Stay below it and the 200 hour MA at $3807.91 is more bearish.  

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Bitcoin tests its 100 day MA on dip. Key barometer for buyers and sellers


//az705044.vo.msecnd.net/20190304/2019-03-04_7-44-28.jpg Greg Michalowski
Mon 4 Mar 2019 15:09:10 GMT
Category: Cryptocurrency
0
Key level tested on move lower today The price of bitcoin on Coinbase is trading down about $80 at $3708 currently.  Looking at the hourly chart above, since Feb 24, the digital currency has been able to stay below its 200 hour MA (on every bar with the exeption of one bar on Feb 28th).  Over the weekend, the price waffled above and below its 100 hour MA in a narrow range. That 100 hour MA currently comes in at $3797.06.  Stay below it and the 200 hour MA at $3807.91 is more bearish.  

Asset 24 View More
Mon 25 Feb 2019 19:37:22 GMT

1

Bitcoin rebounds toward hourly MA levels after 100 day MA stalls the fall

Sudden drop on Sunday after run up away from MAs on Saturday. While Ripple does its thing (s), it is helping to drag Bitcoin higher with it (but at a slower pace).

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Bitcoin rebounds toward hourly MA levels after 100 day MA stalls the fall


//az705044.vo.msecnd.net/20190225/2019-02-25_12-28-32.jpg Greg Michalowski
Mon 25 Feb 2019 19:37:22 GMT
Category: Cryptocurrency
1
Sudden drop on Sunday after run up away from MAs on Saturday. While Ripple does its thing (s), it is helping to drag Bitcoin higher with it (but at a slower pace).

Asset 24 View More
Mon 25 Feb 2019 18:54:13 GMT

The rumors were true: Ripple to start trading on Coinbase tomorrow

XRP gets the golden endorsement Coinbase will add Ripple to the stable of cryptocurrencies on the largest US exchange. XRP is up 12% on the news however it only erases yesterday's drop.

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The rumors were true: Ripple to start trading on Coinbase tomorrow


//az705044.vo.msecnd.net/20190225/2019-02-25_13-50-50.png Adam Button
Mon 25 Feb 2019 18:54:13 GMT
Author: Adam Button
Category: Cryptocurrency
0
XRP gets the golden endorsement Coinbase will add Ripple to the stable of cryptocurrencies on the largest US exchange. XRP is up 12% on the news however it only erases yesterday's drop.

Asset 24 View More
Mon 25 Feb 2019 13:56:49 GMT

4

Warren Buffett: Bitcoin is a delusion

Buffett on CNBC Buffett has been on CNBC off-and-on for the past three hours.  This was the headline statement from his annual letter: ForexLive

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Warren Buffett: Bitcoin is a delusion


//az705044.vo.msecnd.net/20190225/warren-buffett-feb-25.png Adam Button
Mon 25 Feb 2019 13:56:49 GMT
Author: Adam Button
Category: Cryptocurrency
4
Buffett on CNBC Buffett has been on CNBC off-and-on for the past three hours.  This was the headline statement from his annual letter: ForexLive

Asset 24 View More
Mon 18 Feb 2019 17:44:57 GMT

2

Bitcoin tests 100 day MA for the first time since October 2018

Last close above 100 day MA was back in September 2018. A long sideways up and down non-trending market from the end of November to now, has allowed the 100 day MA to slowly catch up with the price.  That up and down price action has been confined to $3314 to $4414 (so $1100), with most of the price action below $4000 and above $3314. 

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Bitcoin tests 100 day MA for the first time since October 2018


//az705044.vo.msecnd.net/20190218/2019-02-18_10-39-09.jpg Greg Michalowski
Mon 18 Feb 2019 17:44:57 GMT
Category: Cryptocurrency
2
Last close above 100 day MA was back in September 2018. A long sideways up and down non-trending market from the end of November to now, has allowed the 100 day MA to slowly catch up with the price.  That up and down price action has been confined to $3314 to $4414 (so $1100), with most of the price action below $4000 and above $3314. 

Asset 24 View More
Fri 8 Feb 2019 17:56:01 GMT

12

Litecoin jumps 30% on potential privacy improvements

Is privacy really that valuable? Crypto is having a good day in general but Litecoin is roaring. It's up 25% today to $43.27 to the best levels since November 15.

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Litecoin jumps 30% on potential privacy improvements


//az705044.vo.msecnd.net/20190208/litecoin-daily.png Adam Button
Fri 8 Feb 2019 17:56:01 GMT
Author: Adam Button
Category: Cryptocurrency
12
Is privacy really that valuable? Crypto is having a good day in general but Litecoin is roaring. It's up 25% today to $43.27 to the best levels since November 15.

Asset 24 View More
Mon 4 Feb 2019 20:29:48 GMT

7

The QuadrigaCX saga keeps getting weirder

Canadian crypto exchange founder dies with private keys Canada's largest crypto exchange filed for bankruptcy on Friday claiming liabilities of about $210 million and assets of about $30 million.

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The QuadrigaCX saga keeps getting weirder


//az705044.vo.msecnd.net/20190201/gerald-cotton.png Adam Button
Mon 4 Feb 2019 20:29:48 GMT
Author: Adam Button
Category: Cryptocurrency
7
Canadian crypto exchange founder dies with private keys Canada's largest crypto exchange filed for bankruptcy on Friday claiming liabilities of about $210 million and assets of about $30 million.

Asset 24 View More
Fri 1 Feb 2019 13:27:18 GMT

10

Canada's largest cryptocurrency exchange goes bust

QuadrigaCX declares bankruptcy after founder dies and private keys lost Canada's largest cryptocurrency exchange -- at least until recently -- has filed for bankruptcy. QuadrigaCX announced on its website that it had filed for protection under Canadian credit protection laws.

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Canada's largest cryptocurrency exchange goes bust


//az705044.vo.msecnd.net/20190201/monopoly-man-graffiti.png Adam Button
Fri 1 Feb 2019 13:27:18 GMT
Author: Adam Button
Category: Cryptocurrency
10
QuadrigaCX declares bankruptcy after founder dies and private keys lost Canada's largest cryptocurrency exchange -- at least until recently -- has filed for bankruptcy. QuadrigaCX announced on its website that it had filed for protection under Canadian credit protection laws.

Asset 24 View More
Thu 31 Jan 2019 19:48:52 GMT

CBOE refiles rule change that would allow it to list Vaneck Solidex Bitcoin product

Submitted to SEC for approval Could there be a bitcoin exchange traded fund (ETF) in the near future? The CBOE has refiled a rule change that would allow it to list Vaneck Solidex Bitcoin ETF product.  

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CBOE refiles rule change that would allow it to list Vaneck Solidex Bitcoin product


//az705044.vo.msecnd.net/20190131/2019-01-31_12-48-16.jpg Greg Michalowski
Thu 31 Jan 2019 19:48:52 GMT
Category: Cryptocurrency
0
Submitted to SEC for approval Could there be a bitcoin exchange traded fund (ETF) in the near future? The CBOE has refiled a rule change that would allow it to list Vaneck Solidex Bitcoin ETF product.  

Asset 24 View More
Mon 28 Jan 2019 19:35:15 GMT

Bitcoin moved to new 2019 low. Lowest level since December 17.

Down -$129 at $3412 The price of bitcoin on Coinbase is tradng down -$129 at $3412.04. The low today reached $3374.01. The high extended to $3544.59.    

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Bitcoin moved to new 2019 low. Lowest level since December 17.


//az705044.vo.msecnd.net/20190128/2019-01-28_12-30-43.jpg Greg Michalowski
Mon 28 Jan 2019 19:35:15 GMT
Category: Cryptocurrency
0
Down -$129 at $3412 The price of bitcoin on Coinbase is tradng down -$129 at $3412.04. The low today reached $3374.01. The high extended to $3544.59.    

Asset 24 View More
Wed 23 Jan 2019 20:06:05 GMT

1

Bitcoin moves lower after CBOE withdraws bitcoin product proposal

Withdraws the proposed rule change for listing of SolidX Bitcoin ETF. The price of bitcoin is moving lower after the CBOE withdrawals proposal for VanEck SolidX ETF.   

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Bitcoin moves lower after CBOE withdraws bitcoin product proposal


//az705044.vo.msecnd.net/20190123/2019-01-23_12-59-09.jpg Greg Michalowski
Wed 23 Jan 2019 20:06:05 GMT
Category: Cryptocurrency
1
Withdraws the proposed rule change for listing of SolidX Bitcoin ETF. The price of bitcoin is moving lower after the CBOE withdrawals proposal for VanEck SolidX ETF.   

Asset 24 View More

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