In this overview, we will discuss the main issues of trading cryptocurrencies. A cryptocurrency is a digital (virtual) financial asset.
On Tuesday, August 11th, Bitcoin price is slightly correcting but strategically looking “as fresh as paint” and ready to conquer new highs. At the moment, the major cryptoasset is mostly trading at $11,763.
On Friday, July 31st, the XRP price keeps growing, trading near 0.2447 USD.
The first half of this abnormal year 2020 was hard for the crypto market as well. As we see, cryptocurrency prospects to become a safe-haven asset have failed but what if they have other advantages?
2020 for the crypto market is a time of a quality breakout, or at least this is what the users and market participants are expecting. Below, we will discuss some of the expected events and changes.
Bitcoin has stopped rising by Thu Feb 21, trading around $3,908.37. The current setup is best shown on H1, where the latest upside movement stopped near the current channel resistance.