Bitcoin clings to major support level at $30,000 USD. For sure, a break below $30k leaves the door open to a plunge to $22,000 area. I don’t recommend buying at this level. From a risk perspective, it makes no sense to buy here. Why not wait and see how the next couple of sessions go […]
Tag: bitcoin
Bitcoin and blockchain need a devil’s advocate
Bitcoin and blockchain, say what? I’m not a crypto bull or bear. I’m a crypto agnostic. As a Bitcoin investor dating back to 2012 I love to see the price exploding into the stratosphere, but what does up must come down, right? A market has yet to exist that can defy gravity forever. These days […]
Crypto up against the wall
Crypto up against the wall, but will the bulls or the bears come out on top? I’m leaning neither to the bullish or bearish side at this point, but the market reminds me a UFC pay-per-view at this point. As Bitcoin and Ethereum grind higher a bigger challenge looms ahead. Can the bulls push prices […]
Bitcoin finds the bottom
Bitcoin finds the bottom much to the dismay of the Federal Reserve (‘the Fed’). That is to say the Fed is in no mood to see Bitcoin prices moving higher because it’s a red flag that their policies are not working. Regardless, after a three month long correction Bitcoin prices are heading higher once again. […]
Crypto Crash Or Buying Opportunity
Finally, a crypto crash is here! For those who have been waiting patiently for a buying opportunity, this is your chance. My crypto post from Monday warned about Bitcoin’s key $43k support level. More specifically, how important it was to hold that level. Well, support didn’t hold and the price collapsed as buyers stepped away. […]
Bitcoin ETFs in Canada: Best of Breed
Bitcoin ETFs are here. But should you invest in them? If you’re not tech savvy, then investing in Bitcoin can be scary. To be sure, having to worry about digital wallets and public keys is not ideal for most of us. That said, a Bitcoin Exchange Traded Fund (ETF) maybe a good idea you. Cryptocurrencies […]
Coinbase Stock Slides After Direct Listing
Coinbase stock (COIN – nasdaq) went public on April 14th at $250 per share. To little surprise, the price surged to $430 on its first day trading. Since then, it’s been a downhill slide. Savvy investors should seriously consider using the current weakness as a buying opportunity. Why? Well, Coinbase stock is the first crypto […]
