Tag Archives: Risks

Golden Cross Gives Little Relief as Bitcoin Risks Fall Below 2020 Bullish Trendline

While a long-term chart indicator has just made a bullish call, bitcoin (BTC) is struggling to gather upside traction and looks vulnerable near the seven-week rising trendline support. In what was possibly going to gift bitcoin prices a lift, the 50-day moving average (MA) has crossed above the 200-day MA, confirming a golden crossover, a long-term bull market indicator. Continue reading Golden Cross Gives Little Relief as Bitcoin Risks Fall Below 2020 Bullish Trendline

Ethereum Classic (ETC) Risks A Fall Below $6 As Bullish Momentum Fades

Ethereum Classic (ETC) has been a good performer in the last few months contrary to investor expectations and past experiences. It seems that the new leadership under ETC Labs is doing enough to convince investors that the cryptocurrency has a promising future and it has here to stay despite the ETC Dev shutdown or the recent 51% attack. The daily chart for ETC/USD shows that it rallied better compared to most cryptocurrencies and doubled in price from its December, 2018 low. That being said ETC/USD has faced a clear rejection at the top of the ascending channel it has been trading in for the past few months. The price now trading below its 200 day EMA and is ready to decline towards the bottom of the ascending channel. Continue reading Ethereum Classic (ETC) Risks A Fall Below $6 As Bullish Momentum Fades

Dubbed Crypto’s Hot New Trend, Staking Raises Major Security Risks

During what has become the longest bear market to date in cryptocurrency, it’s no surprise that anxious investors are eager to find alternative strategies to continue making gains during the downturn. One of those strategies, which has become a hot trend in crypto, is the practice known as staking. Continue reading Dubbed Crypto’s Hot New Trend, Staking Raises Major Security Risks