Blockchain and Crypto Blog

Ivan on Tech Academy provides latest insights and reports about the blockchain industry.

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BSI - How a Cryptocurrency Trading Indicator Predicted Bitcoin's January 2021 Dump

Written By Ivan on Tech

Jan 17, 2021

The second week of 2021 saw a significant correction in the price of Bitcoin, following the premier cryptocurrency’s frantic rally to new all-time highs. Although Bitcoin’s price has since recovered somewhat, it initially fell from a high of over $41,500 to nearly $33,000. Perhaps even more interesting is how the Ivan on Tech BSI Indicator was able to predict this Bitcoin dump several days in advance. Read on for the full breakdown of how a cryptocurrency trading indicator predicted Bitcoin’s January 2021 dump!

First and foremost, certain trading indicators sometimes ”luck out”. Nevertheless, the BSI Indicator has consistently revealed impressively accurate Bitcoin buy sell signals for the past few years. The BSI Indicator’s chief differentiating feature from other crypto trading indicators, or trading indicators in general, is that it uses both technical analysis (TA) data and on-chain analysis sentiment. Combining these two data groups in a...

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The BSI Crypto Trading Indicator - Combining Technical Analysis and On-Chain Analysis

Written By Ivan on Tech

Jan 11, 2021

All traders are, whether they know it or not, in constant competition with one another. However, short-term investing is not a level playing field. Certain traders gain an unfair advantage through having access to better information than others. When it comes to trading, the old adage ”knowledge is power” still rings true. Although no serious trading tool can guarantee risk-free profits, having access to the most relevant trading information means you can base your trading strategies on accurate trading intelligence and maximize the probability of your strategies succeeding. This is where the Ivan on Tech BSI Indicator comes in.

For decades, Technical Analysis (TA) was seen as one of the best tools for getting a leg up on most other traders in traditional financial markets. With the advent of the cryptocurrency market, so-called ”On-Chain Analysis” - or simply ”blockchain analysis” - gave traders access to blockchain fundamentals that could...

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