First target has been reached.

3 Mistakes to Avoid When Bitcoin Is Going Down” by Reza Jafery https://link.medium.com/dUKptieDAY

📍Current BTC update:📍

✅ Bitcoin: We would like to tell you a little bit about the situation that has developed lately. In yesterday's review, we showed the pattern that very accurately reoccurred. The pattern is called a "bull trap". This is when, after a fall, the price rebounds from the support level and climbs, and then there is a sharp cut of the entire growth and a breakdown of this very support level. Further, the asset trades for a while below the level, and then there is a further fall.
These types of patterns are quite rare, but they work in almost 90% of cases. But yesterday this pattern worked only by 50%. There exists a misconception that technical patterns work all the time. It is just enough to discover it and that is it. Success is guaranteed. It is not like that at all. The market is constantly changing, and patterns too. But even this is not the key to understanding. We have already written that we need to look at the picture globally, and not locally, only in this way will the understanding of the market and its participants come.
Let's get back to the pattern. What happened yesterday and why did we quickly cover a short position and open a long one under certain conditions? The devil is in the details. The fact is that this pattern only showed a rebound from the level, growth, and then a strong fall below this level. But when the price began to trade below that level, it did not want to drop further as in the first case, but vice versa.

It climbed slowly and even returned above the broken level (we will show it on the chart). For our short position, this is an alarming sign. The price does not move according to the plan, and something has clearly changed. At first glance, it is difficult to notice, but after gaining more experience, you will learn to see such points. Then we immediately covered a short position in a small plus and, after a while, making sure that the situation really changed, we opened a long position. Less than an hour later, the price shot up, and we even closed the part of the profit at the first goal.
At the moment, a very good picture emerges for long-term investors. We suspect that the current point may be very good for the development of a large position that could be held for the midterm. We will show you how to do it. Yesterday there was the first entry point. Let's see how the price will behave, and if possible, we will get a position up to 50% of the deposit. The remaining 50 % will be in reserve, just in case. It is possible that there will be more interesting positions on the altcoin market.




✅ Altcoins: We do not like most of the charts. Very sluggish trends, but still there are a couple of interesting altcoins which, in our opinion, can outpace the growth of the market. It makes sense to trade them only for this purpose. If Bitcoin shows more performance, then what's the point of transferring the capital into something else?
Bitcoin's dominance grew in 24 hours and currently makes up 64.8%. We have not seen any global changes so far, and we continue to think that this indicator will only increase. There is a hope that with the release of a large new cryptocurrency, Libra, for example, or TON, the altcoin market will feel the inflow of money. But we will write the whole article about this. In the meantime, the best choice is Bitcoin.

💥 Platinum sibnoscription💥
available only for 24 hours from now, join Crypto Classics and get 25% discount with the CC25 code on all pack including the Diamond (Gold and Platinum).
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​​Fundstrat: "Critical mass" of institutional investors ready to join Bakkt

According to market research and analysis firm Fundstrat, there is a flurry of institutional investors looking to get into cryptocurrencies and with Bakkt’s test launch tomorrow, these investors will finally have an onramp.

https://news.1rj.ru/str/Crypto_World_News

Quick update. Since yesterday, nothing has essentially changed. The level of 9,800 dollars is very strong. It is noteworthy that the fall has significantly slowed down, and the price got stuck between 10,800 and 9,800 dollars. Pay attention to a very important factor. The trading volume is declining. This means that after the substantial accumulation, the price will soon go further, and it will be a strong movement. If, in the moment, there is a breakdown below the level of 9,500 dollars, and consolidation there, this will very likely be a short position with the target below 9,000 dollars. Well, if the price climbs above 10,000 dollars on significantly higher volumes than those which we see now, then this is a positive sign, and the Bitcoin price is most likely to test the strong resistance level of 11,000 dollars. In the meantime, we are not holding any positions as trading in this range is akin to casino bets.

📍Current BTC update:📍

✅ Bitcoin: For the weekend, nothing essential has happened. Bitcoin's volatility is at a good level, and a movement within $ 500-$ 1000 for a very short period is OK. As we have already written in the previous review, the trading volume is declining, which puts us on the alert.

A strong movement is awaiting. Judging by the daily chart, we are clinging to the level of $ 9,050. Those who traded cryptocurrency back in 2017 already saw such a price movement. This clinging to the level of $ 6,000. All of us remember how it ended.

Now we are viewing the same thing. Of course, it is not a fact yet that there will be indeed a breakdown, but all the signs indicate that.
What should serve as a turning point for taking a long position?

There are two scenarios. The short-term scenario is for more risky traders, and long-term one is for less risky. In the short term, the price must break through the level of $ 10,200. It is quite strong. Its breakthrough will be the break of the downward trend, which may enhance the price growth.

But there is a stronger level of $ 11,000 ahead. Overcoming this mark will be a signal for a good entry for medium and long-term trading. In the meantime, in this uncertain environment, the downward trend continues. The price is slowly but surely falling.

Our tactics? We have already described the scenario of buying in the long-term. But as experienced traders, we will try to enter the position in advance if the price reaches $ 9,800, then this is a partial opening of the position. The idea is to get a part of the volume at a lower price, having less probability.

And when there is a good breakthrough, then add to the position at a worse price, but with more confidence. Thus we reduce the risk, and can simultaneously take more volume thanks to the accumulated profit. A long-term correction will end sooner or later, and you need to be in the position at good prices.

As for the short position, the more certain price will be $ 9,000. Bitcoin has already rebounded from this level for several times, but it is still tending to it. A lot of liquidity below $ 9,000 can trigger panic selling. But we, as more experienced, will look for an entry point even earlier to reduce risks and increase our position.

The return of the price below $ 9,200 will be a good starting point for taking the position. Remember that where everyone will enter a short position, you should already be in it, and think about closing it.

✅ Altcoins: We are still holding no positions. The market is weak, and altcoins are even weaker.

Bitcoin domination is at the same level and equals 64.5%. Nothing has changed since the last review.

​​Binance Research: most large Bitcoin and Ethereum investors hold stablecoins, use cold wallets

The research arm of Binance, the world’s largest crypto exchange by trading volume, has published a report that analyzes the results of a survey completed by institutional digital asset investors. According to the report, Binance surveyed over 100 institutional and VIP clients.

https://news.1rj.ru/str/Crypto_World_News

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👉 @nickyusuf

Since yesterday nothing has changed. Volatility completely dropped. It remains only to wait. No moves - no trades.

​​Verizon Looks To Hire Several Blockchain Tech Developers To Build Distributed Network

▪️ The American telecom giant has listed more than 30 job openings on its website — with most of them being related to blockchain tech development.
▪️ According to a lead engineer who works for Verizon, corporate entities such as Google and Facebook have already depleted the global blockchain talent pool in a big way.

https://news.1rj.ru/str/Crypto_World_News

Quick update

​​Facebook Hires Lobbying Firms to Ensure Libra Will Actually Launch Against Opposing Lawmakers

▪️ Facebook has been challenged by the US government in their launch of Libra.
▪️ To help in their efforts, Facebook has added more lobbying firms to their fight.

https://news.1rj.ru/str/Crypto_World_News

🤬🤬🤬Hey guys, here is the end of the month, so we decided to make A Bloody Tuesday 😈😈😈😈
Below we are presenting all the SCAM channels we have on our platform. We collected this info more than 6 months. Here is all the channels who didn’t answer, didn’t give an access to the paid channel and so on 👌🔥 Also we have some feedbacks of users who were scammed. Some of them renamed their channels 😒Also there are some channels with one admin.
Of course we did a lot of research on the Internet, and we found a lot of info they are scammers.

So please repost this message where you can, tell all your friends who trade crypto, that those channels are SCAM 😒❗️❗️❗️❗️❗️❗️❗️❗️❗️❗️❗️
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VVIP SIGNALS PREMIUM
DLavrov
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Crypto Choe’s Trade Signals
Alanmasters
All In One Crypto App
Altcoins trading signals
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Beets to Freedom
BELGIAN WIZARD
BITCOIN INSIGHT SIGNALS PRO
Bitmex & Binance Signals
Coin Trading Signal
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Crypto Crew University
Crypto Pump Island
Crypto Signals
Crypto Trading Signals
Crypto Treasure
Crypto365 Signals
CryptoBoost
Cryptokings guide
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Dynamic VIP Records
Free Bitmex Alerts & Trade Copier
Fx Scalping Pro
FX/Crypto Trading
Hall&Co Trading
INVALERT
Klondike
Palm Beach Research Group
Premium Digi King
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Solid Profit TRADING
TAcademy
Tele Signals
Tethos Crypto Analysis
The Holistic Trader
Tina Carter
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Universal Crypto Signals
VIP Coin Beacon
VIP Moon Signals
WCSE
Zak
Zissou

We do care about our users and this was the main goal of posting this.

If you have any proofs they are not SCAM, or you have any other channel to add 😈 to this list - write here @andreassschmidt 👌🔥💥

📍Current BTC update:📍

✅ Bitcoin: At the moment, there is quite an interesting picture of Bitcoin. The market designated the strong support level of $ 9,050. The price reached this mark twice, and on the second occasion, it was a sharp and strong rebound, which indicates the presence of a strong buyer. However, do not rush to buy. For the second week, a sufficiently strong intermediate accumulation zone has been forming. The price will most likely move there where it breaks through.

In the previous reviews, we said that a decline in volume and price volatility will lead to a strong movement in the near future. Now the accumulation zone has supplemented this picture, which only strengthens our assumptions. The contours of the zone are $ 9,550 and $ 10,200 (we will show this on the chart).

In general, the current chart reminds us of the Bitcoin's fall from 20,000 to 6,000, only on a smaller scale, which is very good, because there is a possibility that we will not drop much after the breakdown of $9,000. Nevertheless, you should be very careful and not forget about the risks. The picture that emerges is not one of growth, so it’s too early to do something. Just to be sure, we recommend waiting for the breakout of the accumulation zone boundaries.

Our tactics? From experience, we know that the breakout of the accumulation zone indicates the continuation of the movement. All market participants have decided on the direction, and the price goes further. Therefore, when the price breaks down below the support level of $ 9,550, we will open a short position, and when it breaks through the resistance level of $ 10,200, we will buy.

However, there is some trick that we have already shown you. If, after the breakout of the level, the price returns to the accumulation zone, then this is time to close the position and reverse it. We hope you remember that we wrote about turning points, and they are exactly located at the borders of the accumulation zone.

The point is that if the price does not go after the breakout, then it will definitely test another boundary of the zone, and, in case of the breakout, you will already be in the position, while the rest will only intend to open it. There is an assumption that a strong movement will break the levels. You need to be alert and manage to take a position in time. We will notify you of this.

By the way, we indicated the purchase price of $ 9,800 in the last review. Although the trigger worked, we did not buy, because we wanted to see more accurate signals.

However, those who followed our recommendation and have taken the position being in pofit, we advise you to close the part of it and hold the rest with a stop below $ 9,700.

✅ Altcoins: So far, all the top altcoins are moving with Bitcoin with an accuracy of 90%. We are seeing a decline in volatility, which is also a precursor to the movement. Only after Bitcoin sets its direction, we will try to trade altcoins. In the meantime, we are waiting. Sometimes, the hardest thing in the market is not even to lose money, but to be idle.

Bitcoin's domination is currently 65.1%, which is half a percent more than a few days ago. As we expected no altcoin rally is expected, because all liquidity is absorbed by Bitcoin, and at the moment, it is the best investment.

Binance
#BTC/USD Take-Profit target 1 ✅
Profit: 4.9772% 📈
Period: 12 Hours 51 Minutes ⏰

📍Current BTC update:📍

✅ Bitcoin: Yesterday Bitcoin’s picture changed a bit. Many expected that the price would fluctuate between $ 10,200 and $ 9,050. However, the market, as always, has its own views. The mark of $ 10,200 was taken.

We have already written that the accumulation has lasted for a long time, and, most likely, the first real mark where Bitcoin might stop is 11,100 dollars. Current growth globally looks very good. There is a good chance that it will continue to higher marks. It’s too early to say what marks, but this movement will definitely be critical in terms of understanding, in our opinion, whether it was a correction or a reversal, and whether Bitcoin will test new local lows.

The level of $ 11,100, in our view, is crucial. In fact, if Bitcoin wants to set a new local low, then it simply should not reach this price. If you look at the drop of Bitcoin from $ 20,000 to $ 6,000, then you can clearly see the falling peaks, and the price has never exceeded the previous peak (we will carry out a comparative analysis below on the chart). At the moment, if we are still in a bear market, then the price also should not reach $ 11,100. Otherwise, this is a completely different model.

Yesterday our recommendation worked, and the position in Bitcoin was opened. The first goal has already been achieved today. When Bitcoin tests the global level of $ 11,100, then we will already be in profit. Also, earlier we wrote about the global development of the position. If the mark of $ 11 100 is overpassed, then we will add to the current position.
The idea is that when Bitcoin pierces $ 14,000 and goes further, then we want to earn with a well-developed position from a long-term movement. In general, we do not recommend novice traders to trade short-term. You may try only under the mentorship of more experienced traders, taking small positions. Real money is made in long positions that are held for months, if not years.


✅ Altcoins: Altcoins are absolutely dead. Under no circumstances should you trade them yet. The weakness is obvious. Even the strongest Binance coin on the market is not ahead of bitcoin. All money is flowing into the central currency of the crypto industry.
Bitcoin’s domination is 65.9%, and this is akin to disaster approaching altcoins. The more Bitcoin’s domination there is, the less money and trust in the rest of the market we see. We need a breakthrough to use the technologies that altcoins offer. At least any. Only then can a growth trigger work, or reach the peak price of Bitcoin.