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. 
 
Last close above 100 day MA was back in September 2018.

Today, thanks to an announcement from JP Morgan that it is launching its own JPM Coin cryptocurrency, the price of bitcoin on Coinbase is up $276 at $3860.09. That key 100 day MA is at $3867.50 today.   We are currently just below that level although earlier the price did spike above on the way to a high of $3917.

Key moment for both bulls and bears. Does the JP Morgan announcement give more credibility to crypto and shake the bearish cobwebs from the digital currency since the November 2017 peak at near $20K? Or does the MA give risk sellers an opportunity to sell on the test, in hopes of a run back down.

Looking at the daily chart above, the price today also moved above a trend line at $3800.   Going back below that level may be a risk for longs looking for the break higher to continue. 

The targets on the topside beside the $4000 are swing highs from Jan at $4113 and December at $4239.  The end of Novmber swing high came in at $4414.    

ForexLive

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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
No stopping the GBPUSD. Cracks above 200 day MA without much problem
Asset 41
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
Mon 21 Jan 2019 19:46:24 GMT

Bitcoin back below 100 and 200 hour MA

Ups and downs continue Over the weekend the price of bitcoin on Coinbase broke and rose above the 100 and 200 hour MAs (blue and green lines) on Saturday, and fell and broke back below the 100 and 200 hour MAs on Sunday.  Those MA give a bias for the pair.  Trade above them is more bullish. Move below is more bearish.

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Bitcoin back below 100 and 200 hour MA


//az705044.vo.msecnd.net/20190121/2019-01-21_12-40-21.jpg Greg Michalowski
Mon 21 Jan 2019 19:46:24 GMT
Category: Cryptocurrency
0
Ups and downs continue Over the weekend the price of bitcoin on Coinbase broke and rose above the 100 and 200 hour MAs (blue and green lines) on Saturday, and fell and broke back below the 100 and 200 hour MAs on Sunday.  Those MA give a bias for the pair.  Trade above them is more bullish. Move below is more bearish.

Asset 24 View More
Thu 10 Jan 2019 16:25:39 GMT

2

That didn't take long. Bitcoin takes another run lower

Tests lower extreme target that I wrote about the bearish move in Bitcoin and the targets at the 50% and the 61.8%. The 61.8% was also near the low of the range since December 18th.  

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That didn't take long. Bitcoin takes another run lower


//az705044.vo.msecnd.net/20190110/2019-01-10_9-23-56.jpg Greg Michalowski
Thu 10 Jan 2019 16:25:39 GMT
Category: Cryptocurrency
2
Tests lower extreme target that I wrote about the bearish move in Bitcoin and the targets at the 50% and the 61.8%. The 61.8% was also near the low of the range since December 18th.  

Asset 24 View More
Thu 10 Jan 2019 15:40:55 GMT

5

Bitcoin buyers give up. Price tumbles lower.

Reverses the gains from Sunday's trading. Back below 100 and 200 hour MAs On Sunday, the price of bitcoin based at the 100 and 200 hour MA and ran higher. That move took the price from $3833 to $4088.  The digital currency on Coinbase, did make it to a higher high on Tuesday - reaching $4114.  

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Bitcoin buyers give up. Price tumbles lower.


//az705044.vo.msecnd.net/20190110/2019-01-10_8-24-45.jpg Greg Michalowski
Thu 10 Jan 2019 15:40:55 GMT
Category: Cryptocurrency
5
Reverses the gains from Sunday's trading. Back below 100 and 200 hour MAs On Sunday, the price of bitcoin based at the 100 and 200 hour MA and ran higher. That move took the price from $3833 to $4088.  The digital currency on Coinbase, did make it to a higher high on Tuesday - reaching $4114.  

Asset 24 View More
Wed 9 Jan 2019 19:34:27 GMT

3

Bad goes to worse for those in crypto with taxes due

The IRS will be coming after US traders who don't report crypto It was a rough year in crypto currencies as the boom went bust. It will be even worse for US traders who don't report activity to the IRS.

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Bad goes to worse for those in crypto with taxes due


Adam Button
Wed 9 Jan 2019 19:34:27 GMT
Author: Adam Button
Category: Cryptocurrency
3
The IRS will be coming after US traders who don't report crypto It was a rough year in crypto currencies as the boom went bust. It will be even worse for US traders who don't report activity to the IRS.

Asset 24 View More
Wed 9 Jan 2019 15:47:22 GMT

BOE's Carney says crypto not a promising form of money

BOE Governor Mark Carney answers questions in an online Q&A The Q&A with Carney is on the topic of the future of money. . So far he's giving some seriously long-winded answers.

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BOE's Carney says crypto not a promising form of money


//az705044.vo.msecnd.net/20190109/2019-01-09_10-46-46.png Adam Button
Wed 9 Jan 2019 15:47:22 GMT
Author: Adam Button
Category: Cryptocurrency
0
BOE Governor Mark Carney answers questions in an online Q&A The Q&A with Carney is on the topic of the future of money. . So far he's giving some seriously long-winded answers.

Asset 24 View More
Tue 8 Jan 2019 02:30:54 GMT

Coinbase paused movements of funds on blockchain to protect traders

Via Reuters come headline developments on Ethereum and Coinbase: The 'reorganisation' referred to is a euphemism for rewriting the blockchain history, which is not a positive. Its a security risk. Hence to pause on fund movements abd longer confirmation times. 

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Coinbase paused movements of funds on blockchain to protect traders


Eamonn Sheridan
Tue 8 Jan 2019 02:30:54 GMT
Category: Cryptocurrency
0
Via Reuters come headline developments on Ethereum and Coinbase: The 'reorganisation' referred to is a euphemism for rewriting the blockchain history, which is not a positive. Its a security risk. Hence to pause on fund movements abd longer confirmation times. 

Asset 24 View More
Mon 7 Jan 2019 17:48:54 GMT

1

Bitcoin runs to the upside. Back above $4000

Runs from the 100 and 200 hour MA (again). The price of Bitcoin has run higher - despite the doom and gloom comments from ECBs Hannson (e). In reality it may come to fruition but we must remember, it is what HE thinks.   What he thinks does not really matter as he can't move the price $1.  "The market" moves the price, with the "market" consisting of all the buyers and sellers.  When buyers overwhelm sellers, the price goes higher, no matter the "thoughts" of a trader or even an ECB official.  

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Bitcoin runs to the upside. Back above $4000


//az705044.vo.msecnd.net/20190107/2019-01-07_10-09-39.jpg Greg Michalowski
Mon 7 Jan 2019 17:48:54 GMT
Category: Cryptocurrency
1
Runs from the 100 and 200 hour MA (again). The price of Bitcoin has run higher - despite the doom and gloom comments from ECBs Hannson (e). In reality it may come to fruition but we must remember, it is what HE thinks.   What he thinks does not really matter as he can't move the price $1.  "The market" moves the price, with the "market" consisting of all the buyers and sellers.  When buyers overwhelm sellers, the price goes higher, no matter the "thoughts" of a trader or even an ECB official.  

Asset 24 View More
Mon 7 Jan 2019 16:16:51 GMT

2

ECB's Hansson says crypto assets are 'nonsense' and Bitcoin will die

Harsh words European Central Bank Governing Council member Ardo Hansson said crypto assets are 'nonsense' and predicted Bitcoin will die, on a panel discussion in Raga, Latvia.

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ECB's Hansson says crypto assets are 'nonsense' and Bitcoin will die


//az705044.vo.msecnd.net/20190107/bitcoin-d.png Adam Button
Mon 7 Jan 2019 16:16:51 GMT
Author: Adam Button
Category: Cryptocurrency
2
Harsh words European Central Bank Governing Council member Ardo Hansson said crypto assets are 'nonsense' and predicted Bitcoin will die, on a panel discussion in Raga, Latvia.

Asset 24 View More
Thu 3 Jan 2019 21:13:42 GMT

3

What came first the blockchain or the bitcoin? Happy 10 year birthday Bitcoin

From $0 to $19891 (and back down to $3791.01 today). On that day, no one (or very few) knew what either was, but safe to say, it spawned a whole culture of digital currency enthusiasts who along the way developed not only a brand new currency out of nothing, but also a brand a new language to go with it. 

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What came first the blockchain or the bitcoin? Happy 10 year birthday Bitcoin


//az705044.vo.msecnd.net/20190103/2019-01-03_12-58-31.jpg Greg Michalowski
Thu 3 Jan 2019 21:13:42 GMT
Category: Cryptocurrency
3
From $0 to $19891 (and back down to $3791.01 today). On that day, no one (or very few) knew what either was, but safe to say, it spawned a whole culture of digital currency enthusiasts who along the way developed not only a brand new currency out of nothing, but also a brand a new language to go with it. 

Asset 24 View More
Wed 2 Jan 2019 03:46:58 GMT

3

Reports that Bitcoin exchange HitBTC freezes customers accounts

Cryptocurrency exchange HitBTC is said to have has frozen its customers accounts -  ahead of an annual proof of keys event A 'Proof of Keys' is a movement that requests crypto traders withdraw their funds deposited with a third party service on every January 3rd

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Reports that Bitcoin exchange HitBTC freezes customers accounts


https://az705044.vo.msecnd.net/20180515/bitcoin.png Eamonn Sheridan
Wed 2 Jan 2019 03:46:58 GMT
Category: Cryptocurrency
3
Cryptocurrency exchange HitBTC is said to have has frozen its customers accounts -  ahead of an annual proof of keys event A 'Proof of Keys' is a movement that requests crypto traders withdraw their funds deposited with a third party service on every January 3rd

Asset 24 View More
Fri 28 Dec 2018 19:42:38 GMT

2

Bitcoin shoots higher and cracks back above MA levels

Rises above 100 and 200 hour MAs at 3763.69 and 3874.56 respectively The price of bitcoin has shot up about $300 over the last few hours after stalling ahead of the 61.8% of the move up from the Dec 18 low.  The move has moved the price back above its 100 and 200 hour MAs. The price moved back below those MAs earlier this week and selling intensified.  Now with the price back above, the bias shifts more to the upside for the digital currency. 

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Bitcoin shoots higher and cracks back above MA levels


//az705044.vo.msecnd.net/20181228/2018-12-28_12-41-18.jpg Greg Michalowski
Fri 28 Dec 2018 19:42:38 GMT
Category: Cryptocurrency
2
Rises above 100 and 200 hour MAs at 3763.69 and 3874.56 respectively The price of bitcoin has shot up about $300 over the last few hours after stalling ahead of the 61.8% of the move up from the Dec 18 low.  The move has moved the price back above its 100 and 200 hour MAs. The price moved back below those MAs earlier this week and selling intensified.  Now with the price back above, the bias shifts more to the upside for the digital currency. 

Asset 24 View More
Fri 21 Dec 2018 22:57:13 GMT

2

2018 Bitcoin summary – How CFD traders can make money during the downtrend

A look at how bitcoin performed in 2018 While the leading currency lost over 80% of its value since the "peak Bitcoin" in December 2017, many day traders made fortune during the downtrend placing the right orders at the right time. Let's go through some examples, so you can decide whether it was within your reach. We'll take a look at a broad picture with weekly candles and see if the big trend reversal was preceded by any sign. It turns out it all started with a strong bearish engulfing pattern.

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2018 Bitcoin summary – How CFD traders can make money during the downtrend


//az705044.vo.msecnd.net/20181221/bitcoin.png SimpleFX
Fri 21 Dec 2018 22:57:13 GMT
Author: SimpleFX
Category: Cryptocurrency
2
A look at how bitcoin performed in 2018 While the leading currency lost over 80% of its value since the "peak Bitcoin" in December 2017, many day traders made fortune during the downtrend placing the right orders at the right time. Let's go through some examples, so you can decide whether it was within your reach. We'll take a look at a broad picture with weekly candles and see if the big trend reversal was preceded by any sign. It turns out it all started with a strong bearish engulfing pattern.

Asset 24 View More
Fri 21 Dec 2018 17:24:03 GMT

Bitcoin tips into the red for the day, but hangs onto bullish bias.

Market is consolidating over the last 24 hours This week, the price of bitcoin has moved from a low of $3128 on November 15 to a high yesterday at $4175. That's a 33.47% increase from the lows.  Forget that the price has moved from +19K, it is still a decent run higher.  The catalyst for the move technically, was the move above the 100 and 200 hour MAs (blue and green lines) on Monday. That triggered a bullish bias, and covering/buying was on (the 200 hour MA was at  $3327 on Monday).  

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Bitcoin tips into the red for the day, but hangs onto bullish bias.


//az705044.vo.msecnd.net/20181221/2018-12-21_10-20-39aaa.jpg Greg Michalowski
Fri 21 Dec 2018 17:24:03 GMT
Category: Cryptocurrency
0
Market is consolidating over the last 24 hours This week, the price of bitcoin has moved from a low of $3128 on November 15 to a high yesterday at $4175. That's a 33.47% increase from the lows.  Forget that the price has moved from +19K, it is still a decent run higher.  The catalyst for the move technically, was the move above the 100 and 200 hour MAs (blue and green lines) on Monday. That triggered a bullish bias, and covering/buying was on (the 200 hour MA was at  $3327 on Monday).  

Asset 24 View More
Fri 21 Dec 2018 01:25:51 GMT

1

Facebook is developing a Cryptocurrency for WhatsApp transfers

Facebook cryptocurrency to allow user transfers on its WhatsApp messaging app  - developing a stablecoin (a digital currency pegged to the U.S. dollar) Bloomberg with the news, adding:

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Facebook is developing a Cryptocurrency for WhatsApp transfers


https://az705044.vo.msecnd.net/20181221/us-dollar.png Eamonn Sheridan
Fri 21 Dec 2018 01:25:51 GMT
Category: Cryptocurrency
1
Facebook cryptocurrency to allow user transfers on its WhatsApp messaging app  - developing a stablecoin (a digital currency pegged to the U.S. dollar) Bloomberg with the news, adding:

Asset 24 View More
Wed 19 Dec 2018 15:29:54 GMT

1

Bitcoin continues the short covering. Moves above $3800.

Up 21% from the December 15 low at $3130 The price of Bitcoin bottomed last week at $3130 and slowly but surely, the price has pushed/squeezed higher.  The price moved above the 100 hour MA and 200 hour MA (blue and green lines) on Monday. That tilted the bias back to the upside (more bullish).  The market consolidated yesterday and made another run higher today.   

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Bitcoin continues the short covering. Moves above $3800.


//az705044.vo.msecnd.net/20181219/2018-12-19_8-21-03.jpg Greg Michalowski
Wed 19 Dec 2018 15:29:54 GMT
Category: Cryptocurrency
1
Up 21% from the December 15 low at $3130 The price of Bitcoin bottomed last week at $3130 and slowly but surely, the price has pushed/squeezed higher.  The price moved above the 100 hour MA and 200 hour MA (blue and green lines) on Monday. That tilted the bias back to the upside (more bullish).  The market consolidated yesterday and made another run higher today.   

Asset 24 View More
Mon 17 Dec 2018 17:31:23 GMT

4

Happy Anniversary. Bitcoin peaked one year ago today

High on Coinbase reached $19891     There have been ups and downs since that time but despite the $226 gain today, the digital currency has lost -82.76% of it's value in the last year.  The low was reached on Saturday at $3128.89.

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Happy Anniversary. Bitcoin peaked one year ago today


//az705044.vo.msecnd.net/20181217/2018-12-17_10-10-13.jpg Greg Michalowski
Mon 17 Dec 2018 17:31:23 GMT
Category: Cryptocurrency
4
High on Coinbase reached $19891     There have been ups and downs since that time but despite the $226 gain today, the digital currency has lost -82.76% of it's value in the last year.  The low was reached on Saturday at $3128.89.

Asset 24 View More
Fri 14 Dec 2018 16:14:10 GMT

4

Basis, the stable coin that funded Andreessen Horowitz and Bain shuts down

Basis returns money to investors Inventors into Basis included some of the biggest names in finance with raising $133 million: The idea was to create a US dollar stablecoin to take on Tether and Gemini. However leaders announced the project would be dissolved today and the money returned to investors.

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Basis, the stable coin that funded Andreessen Horowitz and Bain shuts down


//az705044.vo.msecnd.net/20181214/basis.png Adam Button
Fri 14 Dec 2018 16:14:10 GMT
Author: Adam Button
Category: Cryptocurrency
4
Basis returns money to investors Inventors into Basis included some of the biggest names in finance with raising $133 million: The idea was to create a US dollar stablecoin to take on Tether and Gemini. However leaders announced the project would be dissolved today and the money returned to investors.

Asset 24 View More
Thu 13 Dec 2018 20:20:09 GMT

3

Still no love in Bitcoin land

Rally yesterday stalls.  Moves back below 100 hour MA and stays below There is still no love in Bitcoin land. The digital currency tried to rally yesterday with the price getting above its 100 hour MA (blue line), but the price rise stalled ahead of it's 200 hour MA (green line - has not closed above since October 3) and moved back below the 100 hour MA.  The correction in the NY session high stalled against the MA line.  That has led to more selling.

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Still no love in Bitcoin land


//az705044.vo.msecnd.net/20181213/2018-12-13_13-05-17.jpg Greg Michalowski
Thu 13 Dec 2018 20:20:09 GMT
Category: Cryptocurrency
3
Rally yesterday stalls.  Moves back below 100 hour MA and stays below There is still no love in Bitcoin land. The digital currency tried to rally yesterday with the price getting above its 100 hour MA (blue line), but the price rise stalled ahead of it's 200 hour MA (green line - has not closed above since October 3) and moved back below the 100 hour MA.  The correction in the NY session high stalled against the MA line.  That has led to more selling.

Asset 24 View More

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