Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Welcome back everyone to another exciting update in the fascinating world of forex and cryptocurrency trading! Bitcoin eclipsed the $9,000 level and you may hear and read more about FOMO driving price action higher. Who or what is FOMO? It’s an acronym which stands for “Fear of missing out”, basically everyone was scared of Bitcoin below $4,000, then watched it more than double and are now scared that if the remain on the sidelines for a bit longer we will soon have new all-time highs above $20,000.

Welcome back everyone! Before we dive into today’s exciting edition of my Bitcoin - Forex Combo Strategy, let’s give it up to support levels in Bitcoin which repelled the bearish attack on price action. There is still a chance for another push to the downside, but as I outlined in last week’s update “Bitcoin - Forex Combo Strategy: Neo Upgrade”, I don’t see any sustained move below $6,380. At current prices, I am not adding to my existing Bitcoin position.

Welcome back everyone, I am sure most of you wonder how long the correction in Bitcoin as well as other cryptocurrencies will last. Before I answer that question, let me remind you that corrections are necessary for a healthy up-trend. I have mentioned a correction in last week’s post “Bitcoin - Forex Combo Strategy: What’s Next for Jesse Lund?” where I also explained why I took a 500 Bitcoins short position at $8,800.

The rally extends across the cryptocurrency sector! Welcome back everyone to this week’s edition of my Bitcoin - Forex Combo Strategy. At last week’s update “Bitcoin - Forex Combo Strategy: The Facebook Coin” I outlined that I closed my short position in Bitcoin at a nice profit and that I was willing to short if we would see an unwarranted spike in price action.

Welcome back to this week’s update to my Bitcoin - Forex Combo Strategy. After Bitcoin eclipsed the $8,000 mark we saw a spike in volatility and a drop in bullish momentum. Price action currently struggles with this level which is a normal development after the strong rally we have had. The markets are waiting for the next catalyst and some institutional investors may want to lock in some profits and re-enter after a short-term sell-off.

Welcome back to this week’s edition of my Bitcoin - Forex Combo Strategy. Let’s address the elephant in the room before we dive into Ethereum 2.0. Hackers stole 7,000 Bitcoins from Binance. CEO Zhao Changpeng stated “The hackers had the patience to wait, and execute well-orchestrated actions through multiple seemingly independent accounts at the most opportune time. We must conduct a thorough security review.

Welcome back everyone to this week’s edition of my Bitcoin - Forex Combo Strategy. Last week I briefly touched on the Swedish Government hack which for 30 minutes claimed that Sweden has adopted Bitcoin as their official currency. This was obviously incorrect, but Sweden is leading the push into a cashless society and is exploring the issuance of a digital Swedish currency backed by the government.

A quintet of hackers took over the official Twitter handle of Sweden’s ruling Social Democrats on April 15th 2019 and tweeted about Bitcoin. The group convinced Twitter that they are the Swedish government which involved changing phone numbers, e-mails as well as submitting ID’s. Twitter was fooled and the hackers tweeted that the Swedish government is abandoning the Swedish Krona in favor of Bitcoin. One of the deleted tweets stated “We have abolished the Swedish krona and replaced it with Bitcoin.

The US is falling behind in the cryptocurrency sector as other parts of the world, led by Europe and Asia, have taken a leadership role. This has led to the reintroduction of the US Token Taxonomy Act in the US House of Representatives. This bill was originally proposed in December of 2018 and is sponsored by Republican Representative Warren Davidson and by Democratic Representative Darren Soto. The US Token Taxonomy Act will exclude cryptocurrencies from being classified as a security under US law and amend the Securities Act of 1933 as well as the Securities Act of 1934.

It appears that after April Fool’s Day, April 1st, Bitcoin decided to wake-up from hibernation as it surged double digit and sucked many of its peers up with it. Welcome back everyone to this week’s edition of my Bitcoin - Forex Combo Strategy! What a start to the week we have had and it appears that we could push a bit further. There have been no major fundamental developments which warranted the sudden surge in price action and many analysts have already dismissed this as nothing more than a temporary surge in enthusiasm surround the cryptocurrency sector.

Great to see everyone back and welcome to the new followers of my Bitcoin - Forex Combo Strategy which I execute right here at PaxForex! Let’s dive right into, shall we?

Hello and welcome back everyone! Since last week’s update “Bitcoin - Forex Combo Strategy: Crypto Index Product Launch”, where I discussed the launch of a new Ethereum based exchange traded product (ETP) listed on the main Swiss stock exchange, price action has been quiet and stable. This is a good thing as we don’t want those crazy moves which we saw as the bubble boomed and burst, leading to what is now known as the crypto winter.

Welcome everyone! Before we dive a bit deeper into today’s topic of Bitcoin ETFs, let me take a moment and look at the price action recovery in cryptocurrency assets since last week’s update. During last week’s post, which you can read up on at “Bitcoin - Forex Combo Strategy: Digital Gold”, I pointed out that Bitcoin could quickly advance towards the $6,000.

Welcome back everyone to another exciting edition of the Bitcoin - Forex Combo Strategy. I am glad to see that support levels, not just for Bitcoin, came through and pushed price action higher over the past four trading sessions. The crypto-winter, as many have called the last few months, appears to be coming to an end as prices are thawing and expanding. Back on December 5th 2018 I have talked about the rise in fundamentals despite all the negative attention which was fixed solely on price.

Welcome back everyone to my weekly update on the cryptocurrency market and on my Bitcoin - Forex Combo Strategy. We had a very solid start to 2019 as far as fundamental developments are concerned, but as you all know the price of many cryptocurrencies did not follow through. Not yet that is. As Bitcoin is approaching the lows its bear market, volume has spiked in many local markets. This suggests that traders are preparing their wallets for what may come next. It is entirely possible that we will slide down to the lows, but what will happen once we test support?

Let me start today’s update by stating once again that you need to be patient with this year’s cryptocurrency market.

Here are the key factors to keep in mind this week for Bitcoin trades:

Hello and welcome back everyone, what a start we already had to 2019! There have been some really exciting developments over the past week which only added to the overall increase in bullish fundamental news flow surrounding cryptocurrencies. While institutional traders often talk about the benefits of using blockchain technology in their operations, implementation has been rather slow and near absent. One of the biggest obstacles remains a more widespread adoption of the blockchain technology as well as cryptocurrencies by institutional clients in the financial service sector.

Some of the biggest appeals for cryptocurrency enthusiasts is the decentralized nature of the ecosystem, privacy and anonymity of the sector. Regulators have little space in this equation, but ultimately even hardliners in cryptocurrency need to find a way to accept some sort of regulation. The reason being is that if cryptocurrencies should be accepted as an alternative to other payment options, it will not happen without regulation. In general, regulators have so far reacted less favorable to cryptocurrencies and denied applications to make the sector more mainstream.

Here are the key factors to keep in mind this week for Bitcoin trades:

Is 2018 the year many cryptocurrency riches will be burnt by regulators trying to reign in the hype? Time will tell, but so far 2018 delivered a long predicted correction in the price of cryptocurrencies across the board. Bitcoin is leading the headlines and dropped to its lowest level since December 5th 2017. Technicians are watching the $13,040 mark as a sustained close below this level would suggest that more downside should be expected.