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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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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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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