Tag: Bitcoin Analysis

Bitcoin: correction is the time to buy

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex After updating its all-time high once again at $58,350, BTC/USD has started a deep correction. A lot of traders, who bought the asset at the top, are now at a disadvantage because the slump covered over $13,000. However, investors recommend to buy at the time of significant declines, that’s why the current correction may be considered as another attractive chance to enter the cryptocurrency …
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Amazon Patents a Bitcoin Analysis Service

Law enforcement agencies are showing great interest in Bitcoin users as of right now. They mainly intend to crack down on illicit activities taking place in the world of cryptocurrency. It now appears Amazon is preparing to enter this space as well, as the company recently received a patent to “identity Bitcoin users”. It’s an intriguing development well worth keeping an eye on. Amazon and Bitcoin Tracking The blockchain analysis business …
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Bitfury Group Unveils Technique to Analyze Bitcoin Transactions

Bitcoin transaction analysis has become an interesting topic of debate over the past few months. Although most governments claim Bitcoin to be anonymous, most people know that is anything but the case. Bitcoin lacks privacy, anonymity, and fungibility. BitFury Group has come up with a new way to analyze related Bitcoin addresses. Whether or not it will bring criminal activity to an end remains to be seen. Tracking Down Criminals Using …
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HyperStake Technical Analysis for 03/30/2016 – Bearish Retracement

Today I will be looking at HYPBTC as it exited a descending wedge which usually is a good reversal pattern (to the upside). Unfortunately the chart below  doesn’t show the whole formation and the Daily chart is far to messy for illustrative purposes. We have already tested the 23.6% retracement level from the last significant highs to the lows and failed which is bearish. Also if we take the Fibonacci …
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