What Bitcoin Did Gets Technical with Crypto-Educator Jimmy Song

<iframe style=”border: none” src=”http://html5-player.libsyn.com/embed/episode/id/7132345/height/90/theme/custom/autoplay/no/autonext/no/thumbnail/yes/preload/no/no_addthis/no/direction/backward/render-playlist/no/custom-color/87A93A/” height=”90″ width=”100%” scrolling=”no”  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> On the latest episode of What Bitcoin Did, host Peter McCormack interviews Jimmy Song, a consultant in blockchain education, to take an in-depth look at a relatively recent incident in the world of cryptocurrency and use that as an example to segue into a deeper discussion on the possible trajectories of Bitcoin itself. Discussing the CVE 2018 17144 bug, Song begins with a technical discussion of how the bug functioned: Essentially, it allowed a bad-faith actor to spend…

Bitcoin Price Technical Analysis: BTC/USD Confirms Inverse H&S

Bitcoin on Wednesday rose over 3.5 percent against the US Dollar on a bounce back from previous day’s low towards $6,330. The BTC/USD on 1H timeframe has just confirmed the completion of an inverse Head & Shoulder (IH&S) pattern with neckline situated near 6500-6515-fiat area. A buy stop order above the neckline has brought us a decent profit already. We are now in a breakout phase which traditionally has a probability of being false in case of an IH&S pattern. Waiting for a retrace could be ideal at this point of…

Various Technical Indicators are Showing Bitcoin is Severely Oversold

Williams %R, a technical analysis oscillator that demonstrates oversold or overbought conditions of an asset, is demonstrating highly oversold conditions for Bitcoin. As Olga Kharif at Bloomberg reported, the Williams Percent Range (WPR) of Bitcoin is hovering at around -83 percent. In WPR, -80 to -100 percent is considered oversold and -0 to -20 percent is oversold. Analysts state that the oversold condition of Bitcoin demonstrated by WPR could lead to a short-term corrective rally in the future, which may enable Bitcoin to break out of a major resistance level…

Bitcoin Price Technical Analysis: BTC/USD Hinting Breakdown Action

Bitcoin price on Wednesday recorded a marginal drop of 0.25 percent against a strong U.S. dollar. The BTC/USD today stayed on its prevailing sideways trend, exhibiting intrarange fluctuations of just around $100. The pair began the Asian trading session sheepishly, forming lower highs towards 6308-fiat and lower lows towards 6219-fiat. The sideways sentiment continued as the pair headed into the European session. The Bitcoin market generally suggested an equivalency between supply and demand. Traditionally, the period of consolidation should continue until a breakout/breakdown action gives it away. BTC/USD Technical Analysis…

Bitcoin (BTC) Technical Analysis: Prices Reversing From $6,000

From a top down approach, it’s clear that sellers are in charge as BTC is down a massive 11 percent thanks to Sep 5 selling spree. Regardless, there is optimism for cryptocurrencies and Bitcoin in particular stemming mainly from bullish fundamental developments. This divergence means there is potential for BTC to recover in coming days. Because of yesterday’s double bar reversal pattern right at $6,000, a foundation for a potential recovery above this descending wedge is probable. From the News Around this time last year, Bitcoin and China were synonymous.…

EOS, Litecoin, Stellar Lumens, IOTA, Tron Technical Analysis

As altcoins prices fluctuate, out trade plans continue to hold true. While we remain bullish on most coins as EOS, Tron, Litecoin and IOTA, the latter shows promise. It all has to do with on chain development and with Roman simulation prove that it’s possible for the tangle to reach consensus within seconds and process up-to 11,500 TPS, IOTA investors should be upbeat—and they are. Just finished a basic test of ~95.000 network simulations for our consensus theory. Confirmation time from few seconds up to few minutes depending on the…

Ethereum (ETH) Technical Analysis: Ethereum (ETH) Undervaluation Persists

Contrary to sentiment and upbeat expectation from within the crypto market, Ethereum is struggling against sellers. At spot prices, the second largest coin is down four percent. This is amid claims of discontentment  by some developers that the Constantinople hard fork deadline and expectations are overwhelming—if not unrealistic. From the News In a bid to contribute towards a more open financial system that helps foster creation of equal opportunities, efficiency and above all economic freedom via cryptocurrency and blockchain, CoinBase will try to evangelize the benefits of crypto and innovate…

Litecoin (LTC) Technical Analysis: Litecoin Mass Adoption a Priority, Not Price

Superseding everything else is mass adoption and that is what Litecoin figure heads and Foundation is pushing for. Currently price isn’t center stage, coin demand is and for obvious reasons: the later precedes value. While we might see short term recoveries edging prices towards $70, our break out levels, news of adoption break through or announcement of strategic partnerships aside from CoinBase efforts might ignite a wave of loss reversals with first targets at $110, the upper limit of our former trade range. From the News Whether Litecoin is undervalued…

Stellar Lumens, Tron, Litecoin, EOS, IOTA Technical Analysis

On a positive note, altcoins are stabilizing near our historical reversal drops—90 percent down from 2017-18 peaks. For now, we recommend taking a neutral to bullish stance especially in Litecoin, Stellar Lumens—retesting a monthly support trend line, IOTA and EOS. Fundamentally, TRX might get a boost but that’s largely dependent on the reception of their virtual machine launch. Let’s have a look at these charts: EOS Technical Analysis EOS Daily Chart by Trading View By adding three percent, EOS prices remains relatively unchanged oscillating within our previous $1 trade range…

Bitcoin Selloff Could be Over, Says this Technical Indicator

The massive Bitcoin selloff that has characterized most of the market in 2018 might soon be at an end based on the data from a technical indicator. If correct, the top-ranked cryptocurrency may experience a substantial price rally in the last quarter of the year. Technical Indicator Shows Imminent Bitcoin Trend Reversal According to Bloomberg, Bitcoin traders might soon experience an end to the selloff of the cryptocurrency. This is based on a technical signal – the GTI VERA Convergence Divergence Indicator. Data from this indicator points towards a trend…