John Jacques's Avatar
John Jacques
published in Blogs
May 04, 2018
Bitcoin Surged in April – Will the Rally Continue?

Bitcoin Surged in April – Will the Rally Continue?

Is the Bitcoin bear market over?

When Bitcoin reached a high of $19,343 on December 16, 2017, investors were of the mind that sky was the limit. What happened next was the biggest reality check the cryptocurrency has ever seen. From mid-December through essentially late-March, Bitcoin’s price plummeted some 65%, and with the benefit of hindsight, one could argue that it displayed traits commonly found in equity bear markets: a steep, scary drop, followed by a dead cat bounce (February), followed by another down leg. Bear markets often deplete investors’ hopes in cruel ways, and for many, Bitcoin’s bear did just that.

But maybe the dark times are over. One could argue that since late March, Bitcoin’s price has found a support level, moving in a sideways trading range of about $6,600 to $7,000. But something interesting happened on April 11, when the price of Bitcoin broke out to the upside and has continued to make strides higher to date. The question is, is Bitcoin officially in recovery mode, meaning that the rally could continue??

Some technical traders and analysts are now keeping an eye on the 50-day moving average of about $8,600, labeling that price as a key support. The 150-day moving average is higher, at about $9,700, which could also define when Bitcoin could earnestly charge through those levels if it continues to breakout. Tickeron’s AI sees something else.

Tickeron’s Artificial Intelligence Sees Bullish Possibilities in Bitcoin Trading Patterns

Tickeron’s AI confirmed a “Wedge Falling” Bullish pattern for Bitcoin (BTC.X) in mid-April and thinks with greater than 25% confidence that the price of Bitcoin could surge to around $11,500 if the pattern plays out. For investors, that could mark an almost +20% surge from the current level of ~$9,600. On the chart below, you can see the AI’s thinking and details about the pattern formation:

 

 

Ready to Try and Capitalize? How to Trade a “Wedge Falling” (Bullish) Pattern

Tickeron’s AI can deliver you technical pattern formations, trade ideas, breakout prices, and target prices. You let the algorithms do all the work, and then pick the trades that make the most sense for you. It’s that easy. Learn more now and start a FREE 45-day trial: Artificial Intelligence for Trades in Stocks, Cryptocurrencies, ETFs, and more.

For a “Wedge Falling” (Bullish) pattern, a trader should consider going long the cryptocurrency at the breakout price, or perhaps purchase a call option in anticipation that the security’s price will rise. Once the target price is reached, either sell the security or check Tickeron’s AI to see if a new pattern has formed.

Trading cryptocurrencies is a new art, a new science. Tickeron has developed Artificial Intelligence to help you navigate the complex trading world. Find out how you can use algorithms to find patterns in the securities markets today, so you can trade with data – not emotions. Get started on tickeron.com.

Related Tickers: BTC.X
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 07, 2021
4 Tricks Hedge Funds Use to Get Ahead

4 Tricks Hedge Funds Use to Get Ahead

If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.
John Jacques's Avatar
John Jacques
published in Blogs
Mar 22, 2018
A.I. Stock Market Predictions: Head & Shoulders

A.I. Stock Market Predictions: Head & Shoulders

Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I.  Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Jul 10, 2020
3 Stocks to Buy if Coronavirus Second Wave Hits

3 Stocks to Buy if Coronavirus Second Wave Hits

By analyzing market trends from the first wave, you can predict behavior for the second. Technology stocks have performed at historic levels this year, but the market is severely overbought.To compensate for that, look at performance during Q1 and Q2, the height of global Covid shutdowns.
Edward Flores's Avatar
Edward Flores
published in Blogs
Feb 06, 2021
How to Become the Millionaire Next Door

How to Become the Millionaire Next Door

The Golden Gate Bridge is always a fixture of these walks too, one of man's most beautiful creations.  As we were walking, at one point she turned to me and said, "Man, I'll never have a million dollars."" My girlfriend is 27 years old and works as a graphic designer, making about $75,000 a year.
Alla Petriaieva's Avatar
Alla Petriaieva
published in Blogs
Feb 23, 2021
Is Ethereum’s Bomb about to Explode?

Is Ethereum’s Bomb about to Explode?

Ethereum’s software is set for an update in October.Until it is finished, participants in the Ethereum blockchain must determine how to delay the difficulty bomb – code that necessitates a steadily increasing amount of computer power to mine blocks and unlock rewards – that is already in place.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Aug 07, 2018
When Is the Next Recession Coming?

When Is the Next Recession Coming?

However, we also know that economists predicted 22 recessions out of 11 that took place since 1945. Are there real recession signs we should watch for?Indeed, the answer is yes, and here are a few very important ones: The first one is almost obvious and known to everyone – it is the Fed.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 22, 2020
Central banks have been buying $2.4 billion in assets every hour for the past two months

Central banks have been buying $2.4 billion in assets every hour for the past two months

Some $17.8 billion has been poured into  bond markets over the past week, the biggest move in more than three months.Around $3.5 billion has been invested into gold, the second largest on record. 
Rick Pendergraft's Avatar
Rick Pendergraft
published in Blogs
Feb 07, 2021
Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 10, 2021
How to Start Trading Penny Stocks

How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 08, 2020
US unemployment rate jumps to 14.7%, the highest in series history

US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate.  Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.