A Broad Look At The Cryptocurrency Sector – Is Volatility Back?
Ryan Wilday is back to share some of his new targets for Bitcoin. After a boring over 3 months Bitcoin finally started to move higher. There are a lot of rumors about what drove price higher but the more important factor is figuring out if volatility and traders are back playing the sector.
Click here to visit the Elliot Wave Trader website and follow along with Ryan.
Mystery bitcoin buyer causes huge spike in price
By Kevin Dugan April 2, 2019
“A single order worth about $100 million had been spread across multiple cryptocurrency exchanges throughout the world at the same time — evidence that the price surge came from a single buyer,” Oliver von Landsberg-Sadie, CEO of cryptocurrency broker BCB Group, told Reuters.
“However, it’s unclear who made the trades — or why.”
“[There was a] lack of a clear catalyst or news that drove the move,” Michael Kazley, co-founder of investment firm Crescent Crypto Asset Management, told The Post.
https://nypost.com/2019/04/02/mystery-bitcoin-buyer-causes-huge-spike-in-price/
Here’s an interesting Bitcoin chart I saw someone post yesterday:
@Blake – “lt chart of Bitcoin with it’s first buy signal in a long time”
https://charts.stocktwits.com/production/original_159342837.png