Tag: cryptocurrency trading

Our Greatest Crypto Hits Of 2021!

Posted on by Wayne Burritt

Don't blame me, but I couldn't resist the temptation of closing out 2021 with a list of crypto's 2021 greatest hits. While I came up with a bunch, I had to narrow it to three.

Enjoy!

Greatest Hit #1: Jaw-dropping Research

There's no doubt about it: One of the greatest crypto hits of 2021 had to be the two bombshell research reports from mainstream financial powerhouses.

The first from consultancy behemoth Deloitte surveyed executives from around the world and found that blockchain would fundamentally change the way they conducted their businesses. And this seismic shift wasn't happening 10 or 20 years down the road. Nope, these corporate heads saw the shift happening in the next 24 months.

And that wasn't all. A staggering 81% of the executives thought that blockchain was both scalable and adoptable. And that means that getting their businesses in the blockchain game was not only doable, but it could grow with their businesses. In fact, three quarters said they didn't have much of a choice: If they didn't get in the blockchain game, they were going to lose competitive advantage. Continue reading "Our Greatest Crypto Hits Of 2021!" →

Ethereum 2022 Price Target: $27,884!

Posted on by Wayne Burritt

After Thanksgiving, I was perusing the crypto space and kept seeing 2022 price targets for Ethereum (ETH) that were frankly all over the place.

I saw everything from $5K, $6K, $7K, even $14K. And with a recent price of about $4,700, I figured that these nosebleed predictions were way too bullish. And that’s coming from someone who has sung Ethereum’s praises time and time again.

I couldn’t have been more wrong. After I did a little analysis, I came up with a 2022 price target for ETH that put even these huge predictions to shame.

The Outlook For Ethereum (ETH) Is Huge

First off, I don’t like price predictions. They don’t really mean much. And in my experience, they aren’t that reliable.

But they’re fun to play around with. So, as we set out on my quest to predict the price of ETH in 2022, take my analysis with a little tongue in cheek.

Now, down to business.

Sometimes a picture is worth a thousand words... Continue reading "Ethereum 2022 Price Target: $27,884!" →

Bitcoin Buy Setup, Apple Is On Alert

Posted on by Aibek Burabayev

The knowledge of chart structure helps to navigate the market even when the latter surprises traders.

Bitcoin Chart

Bitcoin dropped a little bit later than I expected, creating a complex structure. The main coin updated the all-time high as it hit the $69k mark. If we look deep into the structure in the 4-hour chart above, we find that it was a part of a large two-leg consolidation (red down arrows). The new record high was established within a "joint" connecting two legs down. Continue reading "Bitcoin Buy Setup, Apple Is On Alert" →

Is Bitcoin An Inflation Hedge? Maybe...

Posted on by Wayne Burritt

I don't have to tell you that no matter what economic stat you're interested in, the belle of the ball is inflation. It's the one that everyone loves to talk about. It's the one that politicians and talking heads like to worry you about. And it's the one that is responsible for a ton of real-world economic horror stories.

And right now, it stands a mind-boggling 5.4% annual rate, way above the Federal Reserve's target rate of 2%.

So, as a Bitcoin and blockchain enthusiast, is there something that maybe crypto can do for us as we navigate through increasing inflation?

You bet. And I'm about to tell you why.

Yes, Inflation Is Too High

If you're a fan of moderate inflation, you're probably not feeling great right now. Prices are at levels that haven't been seen in decades.

In fact, right now, inflation stands at an annual rate of 5.4% in September, up from 5.3% in August. And we haven't seen these kinds of levels in a long time. See for yourself... Continue reading "Is Bitcoin An Inflation Hedge? Maybe..." →

The New Bitcoin ETF BITO: What You Need To Know Right Now!

Posted on by Wayne Burritt

I haven’t anticipated the launch of a security quite as much as the first Bitcoin Exchange Traded Fund (ETF), ProShares Bitcoin Strategy ETF (BITO). And when it finally hit two weeks ago, it was a ton hotter than even the most fervent enthusiasts expected.

But before you take a dive into this ETF, make sure to listen up for a sec. BITO is not all rainbows and unicorns.

What Is An Exchange-Traded Fund?

Before we get into the nitty-gritty surrounding BITO from ProShares, let’s take a step back and revisit what an ETF is under the hood.

An ETF is a type of security that tracks an index, asset, sector, or another asset. They can be designed to track a wide and diverse collection of assets or a narrower basket. They can also be created to track investment strategies.

In fact, if it’s an asset or index out there, there’s likely an ETF that can track it and let you invest in it. Continue reading "The New Bitcoin ETF BITO: What You Need To Know Right Now!" →