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Bitcoin’s 22% Correction Seen as ‘Shakeout,’ Not End of Bull Cycle Analysts are characterizing the recent 22%+ drop in the price of bitcoin as a brief market "shakeout" rather than the conclusion of its traditional four-year cycle. Analysts contend that Bitcoin's long-term positive trajectory is unaffected by the broad fears of investors. According to data from Cointelegraph Markets Pro, the cryptocurrency is now trading at $82,680, down from its peak of almost $109,000 on January 20. Although the attitud... Coinatory cryptocurrency news

BTC/USD BTC/USD is trading at $6,607 and continues to move within the flat. The coin is being traded inside the Ichimoku Kinko Hyo Cloud, which indicates the presence of a side trend. The price will continue its movement within the framework of a narrow consolidation. Due to the growing attractiveness of the dollar, cryptocurrencies are losing now. This is clearly visible in terms of volume. The situation may change at any time, for example, if the SEC creates a precedent for the regulation of digital coins. Now it remains to be content with ... Read more about " Forecast and analytics – 11 October 2018 " on coinatory.com

BTC/USD BTC/USD is trading at $6,649 and continues to move within the flat. The coin is trading above Ichimoku Kinko Hyo Cloud, which indicates an uptrend. An update of the maximum of $6,840 never took place. Instead, the price moved down to the bottom of the consolidation. The crypto community waits for the SEC decision, even against the background of a strengthening dollar, the price of Bitcoin holds its position and gradually tightens to the upper savings line. As part of the forecast for October 10, we can expect further price ... Read more about " Forecast and analytics – 10 October 2018 " on coinatory.com

BTC/USD BTC/USD is trading at $6,671 and continues to move in the flat. The coin is trading above Ichimoku Kinko Hyo Cloud, which indicates an uptrend. Buyers are trying to break through the upper boundary of a narrow flat, but they have not been doing well so far. Growth was not enough even to reach the maximum of the previous similar attempt of $6,741. The technical picture is still on the buyers" side, so they have all the trump cards to upgrade a maximum of $6,840. As part of the forecast for October 9, we can expect further price ... Read more about " Forecast and analytics – 09 October 2018 " on coinatory.com

El Petro To start with, let"s make it clear, what Petro is: The Petro is the first cryptocurrency ever backed by a State, according to the official website. The first. Ever! And this is so controversial and groundbreaking that is totally worth knowing about. Venezuela is the country that had it"s currency lose 99,99% of value the past 6 years. Inflation is reaching unbelievable highs and the economy is in terrible condition. El Perto is supposed to fix economic problems. This cryptocurrency is supposed to be used as means of payment inside ... Read more about " Petro cryptocurrency. Opinion. Long read. " on coinatory.com

BTC/USD BTC/USD is trading at $6,584 and continues to move in the flat. The coin is trading above Ichimoku Kinko Hyo Cloud, which indicates an ascending trend. After testing the upper bound of the flat last Friday, the price slowly goes down. The bulls tried to push the quotes upwards on good volumes again, but, as before this was not enough. The coin continues to be traded in a constantly narrowing flat. As part of the forecast for October 8, we can expect further price movement in the borders of flat $6,743 - $6,370. The price can ... Read more about " Forecast and analytics – 08 October 2018 " on coinatory.com

BTC/USD BTC/USD is trading at $6,593 and continues to move within the borders of the established flat. The coin is being traded inside the Ichimoku Kinko Hyo Cloud, which indicates the presence of a lateral trend. The bulls showed the willingness to stand up for their positions, but the lack of further growth and sticking of the price again at $6,580, suggests that they are not ready to push the quotes up yet. This indicates the possibility of continuing price fluctuations within the boundaries of flat $6,840- $6,370, for several more days. ... Read more about " Forecast and analytics – 06 October 2018 " on coinatory.com

The head of the International Monetary Fund, Christine Lagarde, said that the world is on the verge of another financial crisis. According to her, a source of increased risk is the rapid development of financial technologies, such as digital currencies, and this fact reminds us that the constant evolution of the financial system requires vigilance and vigilance from regulators. Speaking on the annual conference of the IMF, the head of the fund said that "the global economy is facing serious challenges that threaten with the second Great ... Read more about " Head of the IMF: The rapid development of cryptocurrency - a threat to the financial system " on coinatory.com

BTC/USD BTC/USD is trading at $6,603 and continues to move in the flat. The coin is trading below the Ichimoku Kinko Hyo Cloud, which indicates a downward trend. After a short pullback, the price returned to the level of $6,580. This indicates the possibility of continuing price fluctuations in a narrow range of $6,662-$6,425, even for several days. This development is most likely associated with a temporary decline in interest in all refuge currencies, including digital, amid a strengthening dollar. Macroeconomics puts pressure on the ... Read more about " Forecast and analytics – 05 October 2018 " on coinatory.com

BTC/USD BTC/USD is trading at $6,521 and continues the lateral movement. The coin is trading below the Ichimoku Kinko Hyo Cloud, which indicates a downward trend. After numerous attempts, the sellers still managed to win a small victory and the price went below the level of $6,560. But for the time being, the downward movement cannot be talked about, because the lows are not updated and, as in the case of the recent growth, the increased volumes did not lead to a further price drop. An additional signal in favor of trying to get lower into ... Read more about " Forecast and analytics – 04 October 2018 " on coinatory.com

BTC/USD BTC/USD is trading at $6,569 and continues to lateral movement in the ascending channel. The coin is being traded inside the Ichimoku Kinko Hyo Cloud, which indicates the presence of a lateral trend. Another attempt to break through the channel’s border by sellers was not successful, and the price returned to the level where it is for the third day - $6,560. Now we are seeing a rare case when most technical indicators converge. Patterns, oscillators and volume charts speak of clear p ... Read more about " Forecast and analytics – 03 October 2018 " on coinatory.com

BTC/USD BTC/USD is trading at $6,601 and continues to move within the rising channel. The coin is traded above the Ichimoku Kinko Hyo Cloud, which indicates an upward trend. Over the past trading day, the price could not go far from the lower border of the channel and continues to stand in the region of $6,560. The fact that the bulls are in the market can be judged by the long tails of candles, but some activity from them has not yet been seen. It is necessary to wait for the final resolution of the situation in the zone of interests at ... Read more about " Forecast and analytics – 02 October 2018 " on coinatory.com

It does not matter whether you are new to the cryptocurrency market or have a trading experience behind you, there is a certain set of truths written by tears, by the blood later on of many private investors and traders, the deviation from which will lead you to inevitable collapse. Do not forget that investing and speculative trading is primarily a job, and it is difficult and tedious. You can learn all the rules of trade, you can be an economist of the highest category, a doctor of mathematical sciences and an astrologist at the same time, ... Read more about " Money management on cryptocurrency market " on coinatory.com

According to the COT (Commitments of Traders) reports provided by the Commodity Futures Trading Commission (CFTC) - for the week ending last Tuesday: Large speculators (NON-COMMERCIAL) reduced net position for the sale of contracts for bitcoin by 0.05 thousand contracts to 0.33 thousand. Large speculative players began to reduce the net position for sale after a two-week increase. Net position for sale began to decline from the maximum levels since early September. Small speculators (NONREPORTABLE POSITIONS) reduced the net position for ... Read more about " Bitcoin: positive attitude to the cryptocurrency grows on the CME " on coinatory.com

BTC/USD BTC/USD is trading at $6,622 and continues to move within the borders of rising channel. The coin is traded above the Ichimoku Kinko Hyo Cloud, which indicates an upward trend. As we wrote before, the price went down to retest, but apparently did not find enough support from buyers there. Therefore, the retreat turned out to be very modest and the price continues to stand in the region of the resistance level of $6,560 and the lower boundary of the rising channel. This is not a very good development for bulls, but given that the ... Read more about " Forecast and analytics – 01 October 2018 " on coinatory.com

BTC/USD BTC/USD is trading at $6,657 and continues to move within the rising channel. The coin is traded above the Ichimoku Kinko Hyo Cloud, which indicates an upward trend. Strong pressure in the resistance zone knocked the price down from the $6,840 area, but, most likely, its breakdown is only a matter of time. After all the limits of the sellers are activated, the coin will continue its growth and we can expect the price to be $7,000. As part of the forecast for September 29, we can expect further development of the upward ... Read more about " Forecast and analytics – 29 September 2018 " on coinatory.com

BTC/USD BTC/USD is trading at $6,700 and moving within the rising channel. The coin is traded above the Ichimoku Kinko Hyo Cloud, which indicates an upward trend. Having completed its consolidation on the lower border of the ascending channel, the coin continued its growth, and with the successful development of this movement, it is possible to wait for quotations at the level of $7,000. As part of the forecast for September 28, we can expect further development of the upward movement within the channel, with the potential to update ... Read more about " Forecast and analytics – 28 September 2018 " on coinatory.com

BTC/USD BTC/USD is trading at $6,499 and continues lateral movement within the rising channel. The coin is traded inside the Cloud of Ichimoku Kinko Hyo, indicating a side trend. As expected, the price rolled back up after testing the upper limits of the support zone $6,215 - $6,325. But the movement was stopped by the resistance level of $6,560, where it seems that other long positions of buyers were closed. As part of the forecast for September 27, the development of the falling and breakdown of the lower boundary of the rising ... Read more about " Forecast and analytics – 27 September 2018 " on coinatory.com

More and more of bitcoin is accumulating in the hands of active individual users, not companies or long-term investors. This is evidenced by the data of the company Chainalysis. Experts found that 4.8 million bitcoin or about 32% of the current issue of digital currency (excluding lost coins) as of August 31, 2013, were on personal wallets showing some activity. This is a significant increase compared to the end of last year when there were 3.8 million bitcoins or 26% of emissions on such wallets. Despite these changes, most bitcoin ... Read more about " Chainalysis: record quantities of bitcoin in active wallets " on coinatory.com

BTC/USD BTC/USD is trading at $6,640 and continues to move within the correction. The coin is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend. An additional confirmation in favor of further growth is the strong support zone after the next positive testing. So the upward trend remains at the forefront. The inactivity is due to the presence at the moment of more attractive from the point of view of speculation, cryptocurrencies and holidays on the Asian market. As part of the forecast for ... Read more about " Forecast and analytics – 25 September 2018 " on coinatory.com