Bitcoin has taken a massive hit. Since topping out at $68,978 in November, the digital currency plunged to a low of $32,990. However, after catching double-bottom support—and pricing in a good deal of negativity—Bitcoin is starting to recover. From a current price of $46,633, we’d like to see it challenge its prior high from November. […]
Cryptocurrency
Check Out This Trade in the Mining Space
This week, I’m watching an ETF in the mining space. For the past year, it’s been basing after breaking out of a multi-year resistance point. I believe we could see nice upside in it within the next few months. As the markets as a whole are in turmoil… mining stocks are an interesting place to […]
Crypto Mining Stocks Continue to Gain Ground
Cryptocurrencies have been red hot, as we noted on November 5. So it came as no surprise when Bitcoin hit a new all-time high of $66,566 a day later. The surge is all thanks to retail and institutional interest, as well as JP Morgan, which says Bitcoin could be headed to $146,000. “The re-emergence of […]
Three Crypto Stocks to Buy For Miner Exposure
Cryptocurrencies have been red hot. Despite some bumps, bruises, and threats from China, Bitcoin rallied 116% from a low of $28,748 to $62,010 just this year. Over the last four years, it’s up 8,430%…and the run may be far from over. In fact, analysts like Fundstrat’s Tom Lee say we could see $100,000, in the […]
How Does the Bitcoin ETF Affect You?
With the launch of the first ever Bitcoin ETF… The SEC has legitimized cryptocurrencies. Although the ETF doesn’t buy Bitcoin directly, but rather, the futures of Bitcoin… It still will cause disruptions in the market. In this weekly briefing, I’m going to break down what I see could happen in the broad markets and cryptocurrencies […]
Here’s How to Trade Cryptocurrencies Without Actually Owning Them
I often get asked about cryptocurrencies and whether they are safe investments to add to a portfolio. For investors unfamiliar with the term, a cryptocurrency is basically a digital token, or coin, that trades on a distributed and decentralized ledger called a blockchain. The most popular, and well known, cryptocurrency is Bitcoin, which made its […]
Does Robinhood Offering Crypto Wallets Mean It’s a Buy?
Formed in 2013, Robinhood Markets (HOOD) became a publicly traded company in late July with much fanfare. The company is widely considered the leader in pioneering commission-free trading for stocks and exchanged-traded funds through its popular mobile trading platform. Shares made their debut on July 29th at $38 a share but were priced at the […]
#1 Technical Trader Reveals Where Bitcoin Could Go Next
I’m still on vacation… but with the recent rally in cryptocurrencies, I’m digging into some charts on them. With Bitcoin, Ethereum and others, there are no “fundamentals” to study. Meaning, all we have is the chart to predict where we think these prices could go. Right now, they’re rallying strong… And going into the fall, […]
Trade of the Week: COIN
Last week, we saw quite a bit of options action in Coinbase (COIN). The company runs a popular exchange for trading cryptocurrencies and has recently had an IPO. On a day when the stock was up about 7%, 68% of the options volume was in calls. When significantly more calls than puts trade, it tends […]
Getting Philosophical About Cryptocurrency
Click the video above to watch this week’s Serge Berger Options trade