Monthly Archives: February 2021

Crash Or Boom? Bitcoin, Ethereum, DeFi And Gold In Focus

Gold ingots with bitcoin getty Anyone who was overconfident about bitcoin at around $58,000 is either bombed out by margin or stop losses or at very least looking at their positions with a new more sober eye. First things first. There are billions of profits to be made closing out stop losses and leveraged traders by smashing the price of assets traded by the novice in a “flash crash.” If you can smash the price and cause an avalanche you can make… Source link

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Monero (XMR) Bounces After Rejection from Long-Term Resistance

The Monero (XMR) price has been decreasing since it was rejected by the long-term $250 resistance area on Feb. 20. Despite the rejection, XMR seems to be holding up above the minor $185 support area and should continue increasing. XMR Long-Term Levels XMR has been decreasing since reaching a high of $287 on Feb. 20. The rejection occurred right at the 0.5 Fib retracement level measuring from the all-time high price of $476.  Technical indicators are mixed. While the… Source link

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Ebang International to Launch Litecoin and Dogecoin Mining Business

HANGZHOU, China, Feb. 25, 2021 (GLOBE NEWSWIRE) — Ebang International Holdings Inc. (Nasdaq: EBON, the “Company,” “we” or “our”), a blockchain technology company in the global market, today held a board meeting and passed a resolution (the “Resolution”) to launch a Litecoin and Dogecoin mining business (the “Business”). According to the Resolution, the Company plans to operate its Litecoin (“LTC”) and Dogecoin (“Doge”) mining business by adopting a combination of… Source link

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Ebang International to Launch Litecoin and Dogecoin Mining Business Nasdaq:EBON

HANGZHOU, China, Feb. 25, 2021 (GLOBE NEWSWIRE) — Ebang International Holdings Inc. (Nasdaq: EBON, the “Company,” “we” or “our”), a blockchain technology company in the global market, today held a board meeting and passed a resolution (the “Resolution”) to launch a Litecoin and Dogecoin mining business (the “Business”). According to the Resolution, the Company plans to operate its Litecoin (“LTC”) and Dogecoin (“Doge”) mining business by adopting a combination… Source link

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Litecoin (LTC) Struggles After Long-Term Resistance Rejection

Litecoin (LTC) has been decreasing since being rejected by the long-term $238 resistance area. Litecoin is expected to consolidate between local highs and lows before eventually breaking out.   Litecoin Long-Term Levels The weekly chart shows that LTC has been decreasing since reaching a high of $246.40 on Feb. 20.  The rejection occurred right at the 0.618 Fib retracement level measuring from the all-time high price.  Despite the rejection and subsequent drop,… Source link

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Crypto Exchange Asks Customers To Return Bitcoin After Selling It At 88% Discount

What Happened: The largest crypto exchange in Southeast Asia, Philippines-based PDAX, experienced a technical failure that led to Bitcoin trading at $6,000 – an 88% discount to its current price. Following the incident, PDAX asked its customers to return their Bitcoins, threatening legal action, a local news outlet Bitpinas has reported. According to the exchange’s CEO, the system error was not due to a hack but a technical “glitch” caused by a massive surge in trading activity. Why It… Source link

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How Far Could The Bitcoin Bull Run Go?

Bitcoin has surged to never-before-seen highs over recent weeks, breaking through to levels that seemed unimaginable just a few months ago. The bitcoin price climbed to almost $60,000 per bitcoin earlier this month before falling back to trade at around $50,000 after Tesla TSLA chief executive Elon Musk warned it “seemed high.” As bitcoin’s mammoth bull run rolls on, some—including MicroStrategy MSTR CEO and major bitcoin-buyer Michael Saylor—have said they expect… Source link

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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 25th, 2021

Ethereum Ethereum rose by 3.01% on Wednesday. Partially reversing Tuesday’s 11.27% slide, Ethereum ended the day at $1,625.3. A mixed start to the day saw Ethereum slide to an early morning intraday low $1,500.28 before finding support. Steering clear of the first major support level at $1,362, Ethereum rallied to late morning intraday high $1,714.00. While falling short of the first major resistance level at $1,789, Ethereum broke back through the 23.6% FIB of $1,579. Through the 2nd half of… Source link

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Should You Buy Ethereum Soon?

Last week I showed, see here, using the Elliott Wave Principle (EWP) and Technical Analysis (TA) that Ethereum (ETH) was most likely about to embark on a nasty correction to $1300s. It was trading at $1920s then, topped a few days later at around $2040 and dropped this week to as low as $1361… Thus, (black) major-4 -as shown in last week’s chart, is IMHO now underway and has already reached the ideal target zone as outlined last week ($1300+/-100). So is this wave-4 already complete, and… Source link

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Ethereum Is a Better Long Run Bet Than Bitcoin, Researchers Say

In an article featuring recent science research into the cryptocurrency market, Ross Pomeroy offers some researchers’ perspective on why Ethereum tends to be more stable than Bitcoin: Ethereum might be a better long-term investment than Bitcoin. The cryptocurrency Ethereum ranks second to Bitcoin in terms of popularity, yet two studies have shown that tends to be more stable and a better “safe-haven” investment during difficult economic times. As a team of researchers from… Source link

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