“The price is well within the Apex, touching the upper area, and even peaking out a little, but sadly without any great moves. We take this as a bearish signal until more price data occurs.” Was stated in our last article. As we all know, followed after this was a breakdown from the apex with a 43% drop. On Coinbase the price went as low as 3.5
On a lower time frame BTC looks a little brighter, picture below.
Lately, Bitcoin has been dormant, where we have seen more volatility in blue chip stocks like Apple and Amazon this last month. The price is well within the Apex, touching the upper area, and even peaking out a little, but sadly without any great moves. We take this as a bearish signal until more price data occurs. That being said, we are nearing a one full year bear run. BTC dominance is also rising with it staying around the 54% area. We are paying close attention to these movements.
4th September we released a technical analysis on the market with the main focus on BTC. The price was trading at 7200, and we predicted a drop all the way down to 5900, BTC lowest price ended up at 6100 just 4 days later. https://medium.com/@norwayconfidentialgroup/btc-september-analysis-and-overall-market-sentiment-89d5a22ec0f2 check out the top part of the article for the analysis.
Not much have changed in the space of crypto lately, same goes for btc. On a technical aspect we are nearing the end of the triangle, also called, Apex. This will be the deciding point of btc, hopefully we breakout and a bullish scenario…
We know BTC had a parabolic move upwards between November to January, with a price increase of 260% in 34 days. Previously to that, we saw new record highs and lower lows on a monthly basis. Run-ups like these are normally not sustainable, and a correction will usually follow. This time was not an exception to the rule, and a correction we got. On the chart above we see the price creating, what looks like a strong support at the 5900 area, marked by three arrows. There is also a not so clear support and possibly resistance marked by dotted…
Let’s talk about technical analysis
Technical analysis is used quite a lot in the crypto space, arguably more than in stocks. That being said there is a lot of controversy on how much value and trust one can put into TA (technical analysis). In this article, we will share some of our thoughts on the matter, and the most important parts of TA that we in NCG use.
Always mix with fundamental
“One should never invest based on price action” this is a fundamental rule we in NCG stand by. If this rule would be ignored, one would `trade`, not…
This is a technical article about FintruX — The Global P2P Lending Ecosystem Powered By Blockchain And No-Code Development. You can also check out this shorter article if you are in a hurry: https://medium.com/@norwayconfidentialgroup/is-fintrux-the-future-bank-8790d9271edc
Norway Confidential Group is a closed investment group, consisting of 15 people from the snowy mountains of Norway. We work with due diligence as we do research on different projects and everything related to Blockchain, AI, DAG , IoT, Fintech and more.
Our team consist of highly motivated and industrious people with diverse backgrounds. Ranging from Professional Traders, Economic Advisors, Supply Chain Specialists, Engineers in Construction…
This is a technical article about Morpheus Labs Blockchain Platform as a Service. You can also check out this shorter article if you are in a hurry: https://medium.com/@norwayconfidentialgroup/how-to-introduce-blockchain-into-your-own-company-e5ef989dc2f1
Norway Confidential Group is a closed investment group, consisting of 14 people from the snowy mountains of Norway.
We like to think of NCG as a haven for top quality material. While keeping things laid back, we work with due diligence as we do research on different projects and everything related to Blockchain, AI, DAG , IoT, Fintech and more.
Our team consists of highly motivated and industrious people with diverse backgrounds…
Bob owns a company with five employees. It’s a lot of paperwork, and he has multiple databases with information about customers, suppliers, deliveries and other activities that come with the daily operations of the company.