BITCOIN – BTC/GBP

Bitcoin has been sustaining above the £30,936 breakout level for the past few days, but the momentum has not picked up. This shows hesitation among traders to buy at higher levels. But the bears have not even been able to pull the price down to £30,936, which suggests that traders are holding their long positions and are not closing them as they expect the uptrend to continue. Read more

ETHEREUM – ETH/GBP

Ether hit our target objective of £1,352 on February 13 and that could have allowed traders to book profits. The price corrected to the 20-day EMA on February 15, but the sharp rebound off this level suggests the bulls are buying on dips. The upsloping moving averages and the RSI in the positive territory suggest the bulls are in command. If the bulls can drive the price above £1,354.01, the uptrend may resume and rally to the next target objective at £1,500. Read more

RIPPLE – XRP/GBP

XRP rallied above £0.355 on February 10 and that triggered the long trade suggested in the previous analysis. The target objective of this trade at £0.45 was achieved on February 13, a quick 26% profit within four days. The XRP/GBP pair witnessed profit-booking near the overhead resistance at £0.48718 and that pulled the price down to the 20-day EMA. The long tail on the February 15 candlestick suggests that the bulls purchased the dip to the 20-day EMA. Read more

LITECOIN – LTC/GBP

We had recommended buying Litecoin on a pullback to £115, but the price did not drop below £123.75. When the trend is strong, instead of a retest, the price consolidates in a range and then resumes its uptrend. That is what was seen in the LTC/GBP pair. It formed a Doji candlestick pattern on February 10 and then made an inside day candlestick pattern on February 11. Both these candlestick patterns suggest indecision among the bulls and the bears. Read more

BINANCE – BNB/GBP

Binance Coin is currently consolidating between £85 and £102.60 for the past few days. When the price does not correct in a strong uptrend, it shows that traders expect the rally to continue further. If the bulls can push the price above £102.60, a retest of the all-time high at £107.728 is possible. A breakout of this level will resume the uptrend. The immediate target objective is £120.2 and if that level is crossed, the uptrend could reach £150. Read more

The price of bitcoin (BTC) rose Sunday morning to a new all-time high of $49,716 after a week of positive developments regarding increased Wall Street acceptance of the leading cryptocurrency. Bitcoin hit a new high-water mark of $49,716.44, topping the previous mark of just over $49,000 set this past Thursday. At press time, BTC (+3.53%) had pulled back, changing hands at $49,539, up 6.2%
over 24 hours and 69% year-to-date. Read more

Counterpoint Global, Morgan Stanley’s $150 billion investing arm, is reportedly considering adding Bitcoin to its portfolio of high-growth assets. According to a Bloomberg report, sources familiar with the matter reveal that the investment behemoth is exploring whether the leading crypto asset is the right fit for its investors. Read more

When one thinks of large-cap cryptocurrencies, their minds likely go to Bitcoin, Ethereum, Tether, and…Cardano?
If Cardano keeps rising like this, they just might. ADA, the token of the Cardano blockchain is the fourth-largest cryptocurrency by market cap, according to data from Nomics. After a 31% increase in the last week, the price of a single ADA token is now slightly higher than $0.88. The market cap for Cardano was $28.2 billion as of 6:30 p.m. Pacific time on Monday, a smidge higher than Polkadot’s $27.6 billion and Ripple’s $25.8 billion. Read more

Copy trading is one of the most commonly used trading techniques in the global trading market. In essence, copy trading is all about learning from your success and ensuring that you do not repeat past mistakes to achieve desired results. However, it can be highly complex for newbies who have little to no idea about the functioning of copy trading systems. Read on to find a comprehensive guide to crypto copy trading. Read more

Established in 2013, London-based CEX.io is a Bitcoin exchange as well as a cloud mining providing company. There was a point when CEX.io’s mining pool, also referred to as Ghash.io held almost 42% of the entire mining power. However, in January 2015, the company shut down its cloud mining business, and thus today CEX.io functions only as a crypto exchange. The exchange which has registered with the FINCEN applies the usual KYC (Know Your Customer) as well as AML (anti-money laundering) policies. Read more