Author: Greg Michalowski

Moves down about $600 $650 now.

The price of Bitcoin has moved sharply lower in trading today. 

The digital currency is down about 7.4% 8.1% now at $7449. The low extended to $7505 $7433 at the lows. 


Technically, on the daily chart, the pair has dipped below a swing high from April 3rd at $7520. Below that a swing low from March 18th comes in at $7310.  A lower trend line cuts across at $7019.  

The move lower is running away from the 100 day MA (blue line in the chart above) and now from the 50 day MA (white line at $8412.55). 

Looking at the hourly chart, the price fell below a lower trend lines at 0.7644. That is now the risk for shorts/sellers (or the level the longs will need to see breached for the bias to turn a little more bullish).  

PS, the price is now down -$652 on the day as the selling intensifies. Technically, the picture is looking more and more bearish as longs liquidate. 




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Author: Greg Michalowski
1

Bitcoin lower and moving away from MA levels. Technical bears and not so flattering news, keeps sellers in charge.

Story not so great for the cryptocurrency  Some recent posts on crypto include: That is not a lot of positive for the cryptocurrency market.   However, with the polarization of bitcoin/digital currency market, it can be easier to speak poorly about the product (and admittedly we don't post all the stories fit to print).  

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Bitcoin lower and moving away from MA levels. Technical bears and not so flattering news, keeps sellers in charge.


Author: Greg Michalowski
Category: Cryptocurrency
1


Story not so great for the cryptocurrency  Some recent posts on crypto include: That is not a lot of positive for the cryptocurrency market.   However, with the polarization of bitcoin/digital currency market, it can be easier to speak poorly about the product (and admittedly we don't post all the stories fit to print).  

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Trade ideas thread - Tuesday 22 May 2018
Asset 41

Author: Justin Low
2

BOJ Kuroda says that central banks are 'extremely cautious' on issuing digital currencies

BOJ governor Kuroda touched on cryptocurrencies earlier While Japan is one of the more open and receptive nations towards cryptocurrencies, it's no surprise that the central bank is slightly more reserved and conservative on the matter. After all, it'll only add one more headache to Kuroda's growing list of problems in helping to plan an exit from the BOJ's current easing policies.

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BOJ Kuroda says that central banks are 'extremely cautious' on issuing digital currencies


Author: Justin Low
Category: Cryptocurrency
2
BOJ governor Kuroda touched on cryptocurrencies earlier While Japan is one of the more open and receptive nations towards cryptocurrencies, it's no surprise that the central bank is slightly more reserved and conservative on the matter. After all, it'll only add one more headache to Kuroda's growing list of problems in helping to plan an exit from the BOJ's current easing policies.

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Author: Eamonn Sheridan
2

Chinese State TV says cryptocurrency bubble continues to grow

China Central TV warns on the crypto bubble in an investigative piece it ran: "Blockchain Cryptocurrency Bubble Accumulates" cites example of Link is here for more

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Chinese State TV says cryptocurrency bubble continues to grow


Author: Eamonn Sheridan
Category: Cryptocurrency
2
China Central TV warns on the crypto bubble in an investigative piece it ran: "Blockchain Cryptocurrency Bubble Accumulates" cites example of Link is here for more

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Author: Eamonn Sheridan

Fed's Kashkari comments on how cryptocurrencies have become "a farce"

Neel Kashkari is President of the Federal Reserve Bank of Minneapolis. Speaking at a Q&A session Earlier comments here: Now on cryptos, via Bloomberg: So, Kashkari does not dismiss the development of cryptos, but his comments are helpful to those needing help to avoid the scammers. 

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Fed's Kashkari comments on how cryptocurrencies have become "a farce"


Author: Eamonn Sheridan
Category: Cryptocurrency
0
Neel Kashkari is President of the Federal Reserve Bank of Minneapolis. Speaking at a Q&A session Earlier comments here: Now on cryptos, via Bloomberg: So, Kashkari does not dismiss the development of cryptos, but his comments are helpful to those needing help to avoid the scammers. 

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Author: Eamonn Sheridan
4

Spoofing, front-running, manipulation in cryptocurrency trade ... forewarned is forearmed

Here is a piece that provides a summary of practices that are illegal on regulated exchanges. They still occur on regulated exchanges, from time-to-time you'll see reports of investigations and prosecutions and so on. So, in pointing these out I am not unfairly highlighting a problem with trading on cryptos. The thing is, crypto 'exchanges' (sometimes just some dude with a website, right?) are not subject to the degree of regulatory oversight that established exchanges are.

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Spoofing, front-running, manipulation in cryptocurrency trade ... forewarned is forearmed


Author: Eamonn Sheridan
Category: Cryptocurrency
4
Here is a piece that provides a summary of practices that are illegal on regulated exchanges. They still occur on regulated exchanges, from time-to-time you'll see reports of investigations and prosecutions and so on. So, in pointing these out I am not unfairly highlighting a problem with trading on cryptos. The thing is, crypto 'exchanges' (sometimes just some dude with a website, right?) are not subject to the degree of regulatory oversight that established exchanges are.

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Author: Greg Michalowski

Regulators in US and Canada target ICOs: WSJ

Initial Coin Offerings (ICOs) coming under regulator scrutiny. Bitcoin dips back below the 200 hour MA. The WSJ is reporting that  "state and provincial regulators" in the US and Canada are targeting Initial Coin Offerings (ICOs). 

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Regulators in US and Canada target ICOs: WSJ


Author: Greg Michalowski
Category: Cryptocurrency
0
Initial Coin Offerings (ICOs) coming under regulator scrutiny. Bitcoin dips back below the 200 hour MA. The WSJ is reporting that  "state and provincial regulators" in the US and Canada are targeting Initial Coin Offerings (ICOs). 

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Author: Greg Michalowski

WSJ: Hundreds of cryptocurrency offerings are using fraudulent tactics

HMMMM....not much of a surprise I guess The WSJ is out with an article warning investors in the wild, wild west of the cryptocurrency that many are using deceptive or even fraudulent tactics to lure investors. 

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WSJ: Hundreds of cryptocurrency offerings are using fraudulent tactics


Author: Greg Michalowski
Category: Cryptocurrency
0
HMMMM....not much of a surprise I guess The WSJ is out with an article warning investors in the wild, wild west of the cryptocurrency that many are using deceptive or even fraudulent tactics to lure investors. 

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Author: Greg Michalowski

Bitcoin trades quietly near unchanged levels on the day

The high stalled ahead of the 100 hour MA keeping the sellers more in control The price action in Bitcoin today has been somewhat muted.   The low for the day reached $8200 on the Coinbase exchange. The high extended to $8483.48.  The high price did find sellers just ahead of the 100 hour MA at $8487.74 currently.  The sellers keep control as long as the price stays below that MA.

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Bitcoin trades quietly near unchanged levels on the day


Author: Greg Michalowski
Category: Cryptocurrency
0
The high stalled ahead of the 100 hour MA keeping the sellers more in control The price action in Bitcoin today has been somewhat muted.   The low for the day reached $8200 on the Coinbase exchange. The high extended to $8483.48.  The high price did find sellers just ahead of the 100 hour MA at $8487.74 currently.  The sellers keep control as long as the price stays below that MA.

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Author: Adam Button
1

Coinbase has been seduced by Wall Street

The new financial paradigm is starting to look a lot like the old one Coinbase is undoubtedly one of the most-successful crypto-related companies. They were among the first companies that made buying cryptocurrencies easy for Americans.

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Coinbase has been seduced by Wall Street


Author: Adam Button
Category: Cryptocurrency
1
The new financial paradigm is starting to look a lot like the old one Coinbase is undoubtedly one of the most-successful crypto-related companies. They were among the first companies that made buying cryptocurrencies easy for Americans.

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Author: Greg Michalowski
1

Bitcoin trades to lowest level since April 19th

Below the 100 hour MA. Moving away from 100 day MA... The price of bitcoin is down about $230 currently at $8289.  The high today traded at $8561.87. The low reached $8103.33. Looking at the daily chart, the fall is putting some distance between the 100 day MA which is at $8836.85 today.  Yesterday, the high stalled near that level at the high.  The last 6 days have closed below the MA level as well. 

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Bitcoin trades to lowest level since April 19th


Author: Greg Michalowski
Category: Cryptocurrency
1
Below the 100 hour MA. Moving away from 100 day MA... The price of bitcoin is down about $230 currently at $8289.  The high today traded at $8561.87. The low reached $8103.33. Looking at the daily chart, the fall is putting some distance between the 100 day MA which is at $8836.85 today.  Yesterday, the high stalled near that level at the high.  The last 6 days have closed below the MA level as well. 

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Author: Eamonn Sheridan
1

BTC: More on the eToro news (offering cryptocurrency trading in the US)

I posted up the news here earlier: Social investing platform eToro expanding into the United States I have the link to the Finance Magnates post now, with a more comprehensive look at what eToro is doing

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BTC: More on the eToro news (offering cryptocurrency trading in the US)


Author: Eamonn Sheridan
Category: Cryptocurrency
1
I posted up the news here earlier: Social investing platform eToro expanding into the United States I have the link to the Finance Magnates post now, with a more comprehensive look at what eToro is doing

Asset 24 View More

Author: Eamonn Sheridan

Social investing platform eToro expanding into the United States

Some crypto news for traders of  bitcoin, ethereum, litecoin, XRP, dash, bitcoin cash, stellar, ethereum classic, NEO, and EOS. - eToro is launching a cryptocurrency exchange and mobile wallet, expected some time this year  Previously eToro had offered crypto trading only on a limited basis (through CFDs, for example)

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Social investing platform eToro expanding into the United States


Author: Eamonn Sheridan
Category: Cryptocurrency
0
Some crypto news for traders of  bitcoin, ethereum, litecoin, XRP, dash, bitcoin cash, stellar, ethereum classic, NEO, and EOS. - eToro is launching a cryptocurrency exchange and mobile wallet, expected some time this year  Previously eToro had offered crypto trading only on a limited basis (through CFDs, for example)

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Author: Adam Button

CME to gauge interest for ether futures but commodity/security classification looms

CME has launched an index tracking prices of ether Yesterday the CME started publishing a real-time ether-USD reference rate on its website using data from Kraken and Bitstamp in what looks like a foray into launching a futures contract.

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CME to gauge interest for ether futures but commodity/security classification looms


Author: Adam Button
Category: Cryptocurrency
0
CME has launched an index tracking prices of ether Yesterday the CME started publishing a real-time ether-USD reference rate on its website using data from Kraken and Bitstamp in what looks like a foray into launching a futures contract.

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Author: Justin Low
1

CFTC looking towards drawing the line on ether

A commissioner at the CFTC has expressed interest in listing ether derivatives First it was Bitcoin, now it's ether. Brian Quintenz, who is a commissioner with the CFTC, has said that staff at the CFTC and SEC have had meetings discussing about ether and its nature - much like the ones they did with Bitcoin - and raising the question whether or not as a security ether should fall under the jurisdiction of the SEC.

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CFTC looking towards drawing the line on ether


Author: Justin Low
Category: Cryptocurrency
1
A commissioner at the CFTC has expressed interest in listing ether derivatives First it was Bitcoin, now it's ether. Brian Quintenz, who is a commissioner with the CFTC, has said that staff at the CFTC and SEC have had meetings discussing about ether and its nature - much like the ones they did with Bitcoin - and raising the question whether or not as a security ether should fall under the jurisdiction of the SEC.

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Author: Greg Michalowski
4

Bitcoin corrects up to the 100 day MA and backs off as traders gather in NYC

Above the 100 hour MA though The price of bitcoin has spiked higher.   There are a number of Bitcoin conferences going on in NYC this week, highlighted by the Coinbase Concensus Conference which is said to cost $2,000 and is expected to attract 4,000 attendees. 

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Bitcoin corrects up to the 100 day MA and backs off as traders gather in NYC


Author: Greg Michalowski
Category: Cryptocurrency
4
Above the 100 hour MA though The price of bitcoin has spiked higher.   There are a number of Bitcoin conferences going on in NYC this week, highlighted by the Coinbase Concensus Conference which is said to cost $2,000 and is expected to attract 4,000 attendees. 

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Author: Adam Button
9

HSBC says it made world's first commercial trade-finance transaction on the blockchain

Soybeans from Argentina to Malaysia HSBC and ING facilitated a shipment of soybeans to Malaysia from Argentina using the blockchain. Both sides of the deal used blockchain technology.

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HSBC says it made world's first commercial trade-finance transaction on the blockchain


Author: Adam Button
Category: Cryptocurrency
9
Soybeans from Argentina to Malaysia HSBC and ING facilitated a shipment of soybeans to Malaysia from Argentina using the blockchain. Both sides of the deal used blockchain technology.

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Author: Eamonn Sheridan
2

Bitcoin - "legitimacy bar ... raised" now Goldman Sachs to facilitate institutional trade

Here is an interesting read on a relatively quiet Asian opening - a piece on crypto Its a bit of a promo piece, but anyway; Goldman Sachs allowing institutional clients to trade Bitcoin futures

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Bitcoin - "legitimacy bar ... raised" now Goldman Sachs to facilitate institutional trade


Author: Eamonn Sheridan
Category: Cryptocurrency
2
Here is an interesting read on a relatively quiet Asian opening - a piece on crypto Its a bit of a promo piece, but anyway; Goldman Sachs allowing institutional clients to trade Bitcoin futures

Asset 24 View More

Author: Eamonn Sheridan

Financial Times reports on HSBC trade finance deal in blockchain

The FT with a front page headline on  HSBC trade finance transaction opens door for blockchain in $9 trillion market HSBC used blockchain to process a letter of credit for US group Cargill 

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Financial Times reports on HSBC trade finance deal in blockchain


Author: Eamonn Sheridan
Category: Cryptocurrency
0
The FT with a front page headline on  HSBC trade finance transaction opens door for blockchain in $9 trillion market HSBC used blockchain to process a letter of credit for US group Cargill 

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Author: Adam Button
1

Bitcoin drops to three-week low after raid at biggest South Korean exchange

Bitcoin sinks 5% South Korean prosecutors raided the offices of Upbit today, one of the world's largest cryptocurrency exchanges. Bitcoin started the day at $9100 and has fallen to $8604 in successive waves of selling in a 5.4% decline.

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Bitcoin drops to three-week low after raid at biggest South Korean exchange


Author: Adam Button
Category: Cryptocurrency
1
Bitcoin sinks 5% South Korean prosecutors raided the offices of Upbit today, one of the world's largest cryptocurrency exchanges. Bitcoin started the day at $9100 and has fallen to $8604 in successive waves of selling in a 5.4% decline.

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Author: Greg Michalowski
9

The bitcoin buyers vs sellers battle continues

Price is between 100 and 200 day MA but below intraday MAs The buyers and sellers in bitcoin have fighting within a MA confined range on the daily chart. The 200 day MA (green line has stalled the rallies) on the topside. That MA comes in at $10,157. 

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The bitcoin buyers vs sellers battle continues


Author: Greg Michalowski
Category: Cryptocurrency
9
Price is between 100 and 200 day MA but below intraday MAs The buyers and sellers in bitcoin have fighting within a MA confined range on the daily chart. The 200 day MA (green line has stalled the rallies) on the topside. That MA comes in at $10,157. 

Asset 24 View More

Author: Adam Button
30

The trade on Iran sanctions might not be oil, it might be crypto

Sanctions make a pretty good case for cryptocurrencies Lets skip ahead a few months and assume sanction hit Iran. What many people don't understand is that the US essentially controls the financial system. They police it and anyone who uses it needs to play by US rules. So even if Europe, China and Russia ignore the US sanctions, they will hit hard.

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The trade on Iran sanctions might not be oil, it might be crypto


Author: Adam Button
Category: Cryptocurrency
30
Sanctions make a pretty good case for cryptocurrencies Lets skip ahead a few months and assume sanction hit Iran. What many people don't understand is that the US essentially controls the financial system. They police it and anyone who uses it needs to play by US rules. So even if Europe, China and Russia ignore the US sanctions, they will hit hard.

Asset 24 View More

Author: Greg Michalowski
3

Bitcoin recovering from the weekend Buffet bashing.

Buffet is certainly no fan Warren Bufffet (and his right-hand man Charlie Munger) bashed bitcoin this weekend, and the price rotated to the downside.   See Adam's post from earlier in the session. The price is down about $100 on the day at $9416 currently.  The high price over the weekend peaked at $9948 before moving back lower.

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Bitcoin recovering from the weekend Buffet bashing.


Author: Greg Michalowski
Category: Cryptocurrency
3
Buffet is certainly no fan Warren Bufffet (and his right-hand man Charlie Munger) bashed bitcoin this weekend, and the price rotated to the downside.   See Adam's post from earlier in the session. The price is down about $100 on the day at $9416 currently.  The high price over the weekend peaked at $9948 before moving back lower.

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Author: Adam Button
25

Word-for-word: What Warren Buffett said about cryptocurrencies Monday

Verbatim on Bitcoin and cryptocurrencies Warren Buffett was on CNBC on Monday and was asked about cryptocurrencies after he called Bitcoin "rat poison squared" at Berkshire Hathaway's annual meeting.

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Word-for-word: What Warren Buffett said about cryptocurrencies Monday


Author: Adam Button
Category: Cryptocurrency
25
Verbatim on Bitcoin and cryptocurrencies Warren Buffett was on CNBC on Monday and was asked about cryptocurrencies after he called Bitcoin "rat poison squared" at Berkshire Hathaway's annual meeting.

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Author: Greg Michalowski
9

Bitcoin up $500 and trades near session highs. Goldman news helping the bulls/buyers.

Goldman Sachs says will start trading bitcoin futures The price of the Bitcoin is surging higher.  There are reports that Goldman Sachs will start trading bitcoin futures in the next couple of weeks. At first, they will be using their own money (does that mean, they will just be a dealer against the client?) and not direct customers onto the futures exchange. 

View More

Bitcoin up $500 and trades near session highs. Goldman news helping the bulls/buyers.


Author: Greg Michalowski
Category: Cryptocurrency
9
Goldman Sachs says will start trading bitcoin futures The price of the Bitcoin is surging higher.  There are reports that Goldman Sachs will start trading bitcoin futures in the next couple of weeks. At first, they will be using their own money (does that mean, they will just be a dealer against the client?) and not direct customers onto the futures exchange. 

Asset 24 View More

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