Bitcoin’s Flash Rally to $10,400 was “Fake”, Short the Cryptocurrency, Warns Renowned Trader Bollinger

Bitcoin's Flash Rally to $10,400 was "Fake", Short the Cryptocurrency, Warns Renowned Trader BollingerLong time trader John Bollinger has warned that bitcoin’s flash rally to over $10,400 on Monday was fake, adding that losses might be on the way. “This is a Head Fake at the upper Bollinger Band for $btcusd,” tweeted Bollinger, inventor of the Bollinger Bands indicator. A ‘head-fake’ trade happens when an asset price makes […]

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Market Update: Bullish Bitcoin S2F Chart, 6-Digit Prices, Liquidations Prime Crypto Values

Market Update: Bullish Bitcoin S2F Chart, 6-Digit Prices, Liquidations Prime Crypto ValuesThe price of bitcoin and a number of cryptocurrencies have been sliding downward in value during the last 72 hours, after bitcoin touched a high of $9,700 on May 30, 2020. On Monday, June 1, the price is up 0.06% and trading for $9,578 per coin during the morning trading sessions. The market capitalization of […]

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BitMEX Trading Engine Issue Triggers Concerns Over XBT/USD Liquidations

TheMerkle BitMEX Bitcoin CashWhen it comes to dealing with the BitMEX platform, a lot of users are rather dismayed. Yesterday’s sudden outage triggered a brief visual XBT/USD price drop to $0, prior to the trading engine going offline.  Centralized trading platforms often struggle to keep their service accessible at all times. Another bad day at the Office for BitMEX Whether it is a direct exchange or derivatives platform, things can go haywire when users least expect it. In the case of BitMEX, the trading engine went offline yesterday evening for no apparent reason. On the frontend, this made it appear as if the

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