Crypto

Fourteen years ago today, on January 3rd, 2009 the Bitcoin blockchain mined its first-ever block. I want to compare Bitcoin with the two indexes it tends to follow and how all three of them will react in this new year, the young, the old and the new.

Fellow traders following along with our trades should put in a limit order in current BTC short trade we initiated on December 16th. We sold BTC at $16,850 with very tight protective stops at $17,350. Now is the time to put in a limit on your short trade to pull profits at $16,400.

Yesterday after declining from just under resistance at the long-term 78% retracement ($17,779) losing around $450, Bitcoin completed one of the most accurate of candlestick patterns, the “three river evening star”.

The CPI for November 2022 was released today and came in under the expectations for 7.3% at 7.1% for the last 12 months, a 0.1% increase from last month.

Starting today Glassnode, one of the top sources for chainmetrics added an awesome new metric that in light of the recent FTX fiasco will become instrumental in order for crypto exchanges to regain any sort of public confidence.