Are Litecoin and Ethereum Leading Indicators for Bitcoin?
It goes without saying that correlation is not the same as causality. And with some correlations, it can be even harder to figure out especially if you have no clue as to what is triggering the “causality” behind the correlation. Yet, when we see a correlation, it’s...
Fading Common Gaps – A Risky Proposition
There are times when a market is trading at low volume and within a wide range. The market may show clear areas of support and resistance. The one thing that is lacking is any indication of a possible trend. Despite the low volume, or perhaps because of it, there may...
Bitcoin Explodes 11%, Blasting Through Technical Resistance, Other Cryptos Follow
Late Tuesday, Bitcoin explodes upwards of 11% within 30 minutes to $7.472, a level it hadn’t seen since June 10 of this year. This move also breaks out of the May 2018 downtrend line: Other cryptocurrencies (minus Tether) followed, with EOS...
USD Anchor: IBM and Stronghold’s New FDIC-Insured, Dollar-Backed Cryptocurrency
Stronghold is partnering with IBM to launch USD Anchor, which will utilize the Stellar blockchain platform to verify transactions. USD Anchor will be backed one-for-one with the US dollar and will be held by Prime Trust, who will, in turn, deposit the cash at...
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