cscottent

cscottent

Just a friendly reminder that if people think Bitcoin is going to the moon, they will race to convert their altcoin positions and deflate the entire altcoin market. This is what usually happens when Bitcoin has a nice rally, and it correlated very strongly with the parabolic movement on Thursday. I think that race will begin if BTC breaks 1.0 resistance with...

cscottent Updated 

It appears that after some considerable cooling off, exchanges have managed to work out the kinks and we have some consistent trading patterns re-emerging. It appears that 17k is the accepted ceiling for now by bulls/bears. Bears seem to be coordinating their run for this ceiling, then pushing hard to drive down the price. Unfortunately (for them), there's simply...

cscottent Updated 

I don't know if this is considered common knowledge here, but I just wanted to share my 0.02 regarding LTC for new traders. Litecoin was one of the first alt-coins ever developed after Bitcoin, and is generally seen as it's more liberal little brother. Because of its smaller risk and market cap, Litecoin is able to move more freely (2-3 minute block...

cscottent

I see a lot of abnormal behavior going on in the COINBASE:BTCUSD market. I have been watching volume across (almost) all exchanges and keeping tabs on the blockchain itself, and IMO there's definitely a powerful "hidden hand" that is manipulating things behind the scenes. I think the institutional money has arrived and is looking to play. My advice is to be...