Bitcoin’s Setup Deepens — This Formation Could Shake Out The Crowd
Bitcoin’s recent price action may be more strategic than it appears. As the broader market watches with uncertainty, a classic inverse head and shoulders pattern seems to be forming, with BTC potentially building out the right shoulder. This formation, if completed, could act as a launchpad for the next major leg up. However, before that […]
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Following up on the weekend look at Bitcoin’s long term price chart, we will look again today at the long term (8 day candle) chart of BTC, per Kraken. Over the weekend we looked at a Bull Setup. As we saw, that setup suggests a bull move that will likely last several more months. But of course, it goes without saying that there are both bulls and bears in the market at pretty much any given moment. I expect that is well understood by everyone reading this article. So, it is not enough to just look at a bull setup as we did in my last article. We want to gauge bear strength also. So let’s....
There’s a new Android application called Shake that enables users to tap-and-pay for items with Bitcoin and NFC (Near Field Communication) technology. On March 19th Shakepay.co introduced its service by saying “Bonjour” to the world. Shake will offer some unique features for cryptocurrency users and their smartphones. The platform will make it possible....
Shake, the service that creates VISA debit cards you can load with bitcoin, is opening beta testing to the public. A bunch of new features is also on the way to complement the service. Tap-and-Pay, Plastic Cards, All With Bitcoin. Shake is launching the open beta after a successful six-month alpha testing period. Famously, the test saw BitGo engineer Mason Borda order a Tesla Model 3 using a virtual Shake card for the deposit. The Canadian company currently offers apps for Android and iOS. Users with NFC-enabled phones can also use them to make tap-and-pay payments at store terminals.....
Nonetheless, the long-term technical setup and strengthening protocol metrics indicate bullish continuation. The prospects of Ren (REN) continuing its ongoing rebound to fresh highs appear slim as a classic bearish reversal pattern begins to emerge.Dubbed head and shoulders, the setup appears when the price forms three peaks, with the middle peak (called the head) longer than the other two peaks described as the left and right shoulders. The bottoms of these peaks are supported by a neckline.An illustration of the head and shoulders pattern. Source: Corporate Finance InstituteThe pattern....
The American fast-food restaurant chain Shake Shack is giving bitcoin rewards to customers leveraging Cash App’s debit card payment rail, Cash Card. According to Shake Shack, participants will get 15% of their purchase back in the form of bitcoin, and the crypto promotion will last until mid-March.
Shake Shack Experiments With Bitcoin Trial to Lure Millennial and Gen Z Customers
The fast-food restaurant chain Shake Shack is experimenting with cryptocurrency rewards as the company has partnered with Block Inc. in order to give away bitcoin (BTC). The announcement stems....