Crypto is starting again
Bitcoin shows resilience despite all regulatory crackdown threats. See the bitcoin weekly and 2-hour chart. Note that the jump in the intraday chart was partly ignited by the news that Amazon would accept crypto payments in a few month or a year. The news was denied one day later by Amazon saying that they are […]
Bitcoin becomes real money
The current state of cryptocurrencies is ambiguous. Coming from a high of about $65,000, bitcoin (weekly chart of the last 3 years below) has fallen by 50%. Before that it made an advance of 100,000,000% in about 10 years. Really! That’s no mistake. One dollar would have become one million dollars in ten years. Weighing […]
Bitcoin: Stock market correlation or restarting hype?
Bitcoin shot up impressively to pre-corona levels. Is the hype back now? Two weeks after the stock market started to react to the corona virus, correlation between stock and crypto markets suddenly increased and bitcoin experienced a dramatic crash. The safe haven status that bitcoin enthusiasts liked to proclaim got severely shattered. A free fall […]
Libra – freedom made by Facebook
Facebook just announced the “Libra”, a new stable coin and sort of an international payment vehicle selflessly designed to help the underbanked of the world. It shall be backed by a basket of real currencies and be usable via Facebook’s social media portals. How will this affect the existing financial world? Astonishingly Facebook seems to […]
The Bitcoin hype is back
Now there are all gates open for the next run to $100.000. Of course, it will not shoot up directly to the moon, but rather meander more often up than down and drive traders dizzy! But not us, see below… After the first attempt twelve weeks ago and then the astonishing outbreak from $4000 about […]
Is this the beginning of the next fear phase?
The fear indicator VIX spiked on the latest Trump tweets made to torpedo the negotiations with China or made to put them back on track, as he may put it. The VIX doesn’t look hefty at the moment, but if this extends into a new cascade of bluffing, misunderstanding, and threatening, we may finally see […]
Bitcoin tries a restart
After a long slump comes finally the next attempt. Will this restart lead straight to old highs? Probably not, but… …nonetheless it could be traded. Always try to get in early when the time comes, but be prepared to get shaken out. Retry and eventually you will be on board for the long run and […]
Bitcoin is on the brink of dropping
Bitcoin slipped during the last night some percent lower and revived interest after a phase of lowest volatility, albeit in the wrong direction. See the daily chart below including the glory highs of 2017. Many investors having an interest in strong crypto markets are touting bitcoin since month as forming a bottom, even a classic […]
Dogecoin shows relative strength
Dogecoin, a so called altcoin, fights against the downslide of the general cryptocurrency market. Upper charts are Dogecoin and lower are Bitcoin for comparison. The daily chart at the right shows an upshot of about factor three in about two weeks. The relative strength seems to be caused by Yahoo Finance. They announced that Dogecoin […]
Bitcoin ETFs shot down again by the SEC
The SEC rejected on Wednesday nine bitcoin futures tracking ETF proposals all at once and the bitcoin price didn’t react much. See the weekly (left) and daily (right) charts below. The small run up yesterday and the fall back occurred mainly before the SEC published its decision. The situation is somewhat similar to the one […]
AMD strikes back
AMD reported earnings during this week and convinced Wall Street with some good numbers. Let’s look at the chart of the last 15 years, which shows a new long-term high. Important here are not the numbers themselves. They are not that impressive. AMD managed to earn $116 M and to grow revenues 53% year over […]
Bitcoin is at a critical support level
During Friday, Bitcoin dropped to or even through its critical support level at around $6000, which it reached on the 6th of February earlier this year as seen in the weekly chart below. What does that mean now? Nothing good. But that doesn’t necessarily mean that it will drop more severely if it penetrates the […]
Cryptocurrencies explode into a bubble
During the last month the market cap of all cryptocurrencies exploded by a factor of three and since the beginning of this year it shot up almost tenfold. This is a digital ten bagger! What is a cryptocurrency or a coin? It is a form of digital “money”. Bitcoin was the first coin and others […]
Bitcoin’s strange dance near its all-time high
Bitcoin is nearing its all-time high again and everyone in the cryptocurrency markets is wondering what is going on here… The daily chart shows the erratic reaction to the SEC decision to disapprove the ETF of the Winklevoss twins. After that, the price came back astonishingly for a few days, but fell again to new […]
Bitcoin ETF damned by the SEC
The SEC has finally decided against the proposed rule change that would have allowed the Winklevoss ETF to be listed and traded on the BATS exchange. The chart shows an early spike on misinterpreted news setting a new all-time high and demonstrating the fear of some bitcoin traders to miss the wave, and later the […]
Bitcoin finally made a new all-time high
During the last hours bitcoin advanced through the magic line of about $1170, its all-time high from more than 3 years ago. The chart of the last 35 days shows a bumpy ride with the first attempt to crack the all-time high crippled by the Chinese central bank and its actions to torpedo bitcoin trading […]
Bitcoin’s rally imploded – for now
During the last hours bitcoin crashed more than 20% shortly before making a new all-time high against the dollar. The vehement move suggests that the recent rally was driven by short-term oriented traders and not by long-term investors who anticipated a new bull run after clearing the all-time high. Overall, that is a less bullish […]
Bitcoin nears all-time high
Bitcoin, the amazing cryptocurrency, has advanced over the last days. Currently it trades around $900 with the all-time high of almost $1200 in sight. The all-time high of BTC/EUR is even more close, because of the decline of the euro against the dollar. As usual, many explanations are circling around. Some have to do with […]
Bitcoin prepares for the next moon shot
After the explosive peak at the end of 2013 bitcoin languished for most of the time. But now it seems to come back! The last weeks brought something like a breakout of a base that formed loosely after bitcoin draw renewed interest half a year ago. The reasons? Bitcoin is a new market and it […]
The Bitcoin miracle
One of the most stunning examples of lofty valuations with reminiscences of the tulip mania is Bitcoin. Below is the Bitcoin chart of the last 5 years. Bitcoin made an incredible run and went from 5 cent to over $1000 in a little more than three years. Every white dot of the vertical scale marks […]
Bitcoin is ready to restart
Bitcoin, the miracle from the cyberspace, may see new highs. Let’s have a look at the remarkable chart that shows an advance from $5 to over $1000 in less than two years. Yesterday Bitcoin managed to get over $400 again and this long-term chart looks as if it were ready for more. Why? During the […]
Bitcoin is warming up for new highs
During the last month a fallen angel has started to rise again: Bitcoin. What actually is the fuel behind the move? As usual with Bitcoin, nobody knows for sure. One month ago the Bitcoin exchange Gemini of the Winklevoss twins came alive. Perhaps this is seen by the market as a precursor of their planned […]
Tesla surprises with strong sales
During the last weeks Tesla (TSLA) sold more of their flagship product than they previously estimated. The news produced an impressive intraday run. However, the high stock price implies and demands strong growth and, seen from this angle, such unexpected news is actually anticipated. Let’s see whether it is the precursor of a growth acceleration […]
Facebook surprises with mobile ad revenues
Facebook (FB) is premarket about 25 to 30 percent higher after beating earnings and revenues estimates by a slight margin. The share of mobile ads exceeded all expectations with 41% of total revenues. Mark Zuckerberg believes that mobile revenues will soon be larger than desktop revenues. Is that wishful thinking and the current mobile trend […]
Tesla surprises with revenues and earnings
Today the stock of the leader in electric cars gapped up on record volume. After having already indicated one month ago that sales picked up more than expected, Tesla Motors (TSLA) again surprised with unexpected financial results for the last quarter. There are two great questions at this time: Will the electric car be the […]
Tesla announced coming profitability
Tesla (TSLA) gapped up today on the announcement that more than expected Model S sedans will be sold during the quarter than it projected.
