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Bitcoin (BTC) Bitcoin Cash (BCH) Ethereum (ETH) LiteCoin (LTC): Better, But Not There Quite Yet




Several weeks ago, June 27th to be precise, we penned a piece entitled, Where To From Here? Get Ready, where we noted the potential for, as well as anticipated, a large counter-trend rally throughout the entire cryptocurrency space.

At that time, we suspected that we may experience some further downside action, but that the potential for a large move into higher ground was nearing when we noted, “While the daily time-frames continue to portray potential for lower levels, not everything is bleak. When zooming-out to both the Weekly and perhaps more specifically, the Monthly time-frame/s, we’re nearing an important inflection point from which we suspect that the bleed lower subsides/pauses and in turn, results in a massive counter-trend rally that may begin as early as the next 2-3 weeks,” which has yet to play-out thus far despite the recent recovery in price/s.

While we now find ourselves in the third (3rd) week of such prognostication and although we’ve yet to witness the anticipated large counter-trend move thus far, we’re beginning to see some signs of health from a technical perspective throughout the landscape.

More specifically, as we can witness from the Daily charts below, Bitcoin; Bitcoin CashEthereum as well as LiteCoin have recently recaptured their 20 day SMA’s for the first time since early May, whereby those who have been following our work, are well aware of the emphasis that we’ve placed on the action surrounding the 20 day SMA for some time now with respect to short-term direction.





As we can observe from the Daily charts above, BTC; BCH; ETH as well as LTC have cleared their 20 day (yellow line) SMA’s and now appear to have their sights set on doing battle with their 50 day SMA (blue line).

Although further work is required and it’s a bit premature to declare the ‘Coast Clear’, the recent action is encouraging, at least from a short-term perspective. And, while we suspected that the large counter-trend move that we anticipated several weeks ago would commence from lower depths (BTC 5400/5000/4400), such has not been the case thus far.

Nevertheless, while our Timing may be off a bit (or perhaps not if the recent action does indeed morph into the beginnings of our anticipated large counter-trend rally), we continue to believe that a rapid/sharp/vicious move, that may catch many off guard/balance and travel to levels far beyond what many may anticipate, awaits in the offing.

In the meantime, all of the above aforementioned (BTC; BCH; ETH and LTC) have work to attend to at their 50 day SMA’s.

Thus, if at any time in the days/weeks ahead, Bitcoin (BTC) can clear the previously noted 6900 (Neckline of the inverted H&S) level and ‘stick’, such would likely be the trigger/signal for both Investors/Traders, that the party is about to begin. On the flip-side of the ledger, should BTC find its way back to the 6000 level and it ‘gives way’ and unable to hold, such development, should it materialize, would suggest yet another disappointing failure for higher levels.

While the overall action is indeed better, we’re not there quite yet.

Happy Trading~

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Reasons Why You Are Much Safer When Crypto Trading on Dexes




While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021



crypto billionaire

Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level




Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

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These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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