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.

Binance
#BTC/USD Take-Profit target 2 ✅
Profit: 7.8431% 📈
Period: 99 Hours 55 Minutes ⏰

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📍Current BTC update:📍

✅ Bitcoin: Over the last 7 days, Bitcoin has been growing very well. Our assumptions turned out to be true, and after quite a long accumulation, the price showed a strong movement. Namely, it showed growth of more than 20% in a short period of time. Who employed our recommendations, our congratulations! Good trades.

At the moment, we are holding the position that we will develop for the long term. Still there are negative scenarios, but so far we do not see any preconditions for their development. Bitcoin shows strength for a good trend. At present, we can confidently say that this is not a bear market, and Bitcoin’s growth will continue.

There is one very important rule in trading which is to follow the trend. Under no circumstances should you try to catch reversals now.It can cost you a lot. If you look at the weekly chart, then Bitcoin looks very good for the continuation of growth and should, in our opinion, reach two marks of $ 14,000 within the next week.


✅ Altcoins: Altcoins look really bad. We have already written that these are weak assets so far, and the redistribution of capital from altcoins to Bitcoin is in full swing.

Bitcoin’s domination has greatly increased and currently amounts to 68.6%. This value completely leaves no desire to try luck in altcoins. This is what we call trading most altcoins. All of them have a tendency to strive for zero cost, and rebounds are not yet a reason to buy them. The exception is the top 5 altcoins, but they are also inferior to Bitcoin in performance.

The information we give you is unique, and you will not find anything like this anywhere else. The analysis of situations with the reasons and explanations of entry and exit points. Risk and money management proven by many years of experience in trading helps us make money in the cryptocurrency market as efficiently as possible.

📍Current BTC update:📍

✅ Bitcoin: It seems that Bitcoin is preparing for a new drop. In any case, everyone is saying that now. Let us try to look into it with relation to fundamental and technical analysis.

Fundamentally, it is difficult to evaluate such an asset as Bitcoin, because everything it brings is faith in its value. Not even growth, but simply value. Many consider it an alternative value that cannot be controlled by the government, unlike traditional money. It is silly to say that various influential financial organizations use Bitcoin to hedge risks. We trade traditional markets and communicate with such investors. They have got enough risky assets on the market. Not a single dollar millionaire known to us, who earned money in the traditional stock market, has a single Bitcoin.

So, in our opinion, all this is a myth. The main holder of digital assets is the modern generation of entrepreneurs. Do not forget that there are several hundred million young dollar millionaires all over the world. Even if they buy a little of it, then this will already be a huge fortune. So fundamentally, the value of this asset is only an alternative to state-controlled values, no more.

It’s possible to say that Bitcoin will cost hundreds of thousands in the future only when it is bought at such prices. Now we see that this is only a speculative game on which professionals can make money, and those who have just come to the market are most likely to lose money.

Technically, we are in a strong intermediate accumulation zone. In our view, it is too early to talk about the fall. In general, as we have already mentioned, you need to trade reversal points in such situations. The key support is $ 11,500. When the price sinks below it, you need to sell. If it returns, then you close the short position and open a long one. If the price breaks through $ 12,200, then this is a buy with a stop below $ 12,000 and a reverse short sell. Last time, with the help of such tactics, we managed to lose a little, and we got into a strong movement and made good money, covering the losses from reopening the position.


✅ Altcoins: Altcoins. Everything is as sad as it was in the last review. Only the binance coin arouses interest, having ended the downtrend. It will be possible to open a position in it in the near future if nothing changes.
Bitcoin’s domination is 69.4%. We have no illusions about the altcoin market. We have already been saying for a month that capital is flowing into Bitcoin, and there are reasons for that. This is currently the safest asset in terms of speculation. Someone needs to buy it to make the price rise.

There is a demand for Bitcoin, but there is no demand for altcoins. When there appears a really good demand, only then will we consider the entire market. In the meantime, this is Bitcoin, and a couple of top altcoins. No more.

​​Bitcoin Blockchain Brings the Hammer in Hitting a Hash Rate of 80 Quintillion For First Time Ever

The Bitcoin market is growing a lot lately. Do you want proof of that? Just look at the hash rates. According to data taken from Bitinfocharts, the BTChash rate has overcome 80 quintillion SHA256hashes for the first time in its history.

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

​​MasterCard Launches Blockchain Solution to Reduce Counterfeits in the Luxury Goods Fashion Market

MasterCard partners with MADE and Fred Segal Sunset collection to place luxury designer clothing on blockchain technology to avoid counterfeit purchases. 

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

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​​Bitcoin Investor Files Class Action Lawsuit Worth $22.5M Against Israeli Bank

▪️ Contrary to popular belief, the unknown investor who is suing Hapoalim is not Ross Gross.
▪️ Gross is a Bitcoin investor who was earlier denied service by Hapoalim because of his association with various crypto ventures.

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

​​Brexit’s Uncertainty: Why Bitcoin’s Price is Set to Reach Record Highs by October 31st?

Bitcoin (BTC) has long been referred to as a ‘safe haven’ asset, protecting investors’ wealth in times of global uncertainty.

In recent times, the pioneer cryptocurrency has witnessed growth (in adoption and value) in countries with geo-political and social issues such as the recent boost in price following the ongoing U.S-China trade war.

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

Binance
#BTC/USD Take-Profit target 1 ✅
Profit: 3.5087% 📈
Period: 5 Hours 39 Minutes ⏰

​​SEC Delays The Decision Again For 3 Bitcoin ETFs (Bitwise, VanEck/SolidX and Wilshire Phoenix)

The U. S. Securities and Exchange Commission (SEC) has decided for the delay on the decision about three different Bitcoin exchange-traded funds (ETFs). These were the most recent ETFs, the ones filed by VanEck and SolidX, Bitwise Asset Management and Willshire Phoenix. If approved, they would be launched at CBOE BZX and NYSE Arca.

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

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Binance
#BTC/USD Take-Profit target 2 ✅
Profit: 7.8947% 📈
Period: 23 Hours 43 Minutes ⏰

📍Current BTC update:📍

✅ Bitcoin: Bitcoin's distinctive feature is its rather large volatility. As it is known, in the market, traders make money only on volatility. The price of Bitcoin makes very wide movements from the accumulation zone to the unloading zone. Since the last review, we have seen a fairly strong unloading zone, and the price went down afterward. Within the global movement, this is nothing but a pennant. In today's review, we will show a chart with a larger timeframe than usual.

By the way, we recommend long-term investors to consider it as a way of grasping the global picture. You can also take a look at a monthly chart. Such timeframes do not make you get distracted with some local movements and show at the same time a long-term picture. Do not be scared if the price falls by $ 1,000 there where it can easily grow by $ 5,000. In a wide range of $ 9,000 - $ 13,000, the price can move as much as it wants, and this will mean that we are still in a bullish trend.

Our tactics. As you remember, we opened the long position in Bitcoin at the price of $ 10,250 two weeks ago. Two goals were achieved, and we left the third part for the development of a more global position.

Nevertheless, we have got a stop below $ 9,800. Just yesterday we opened a speculative short position that has already brought us profit, having achieved two goals. The third part is also left in case the price sinks below $ 9,800, then we will cover a long position, but we will still hold a short one. In this way, we hedge risks. There is another trick used by professionals in the market.

You can hold a long position for the long term, but enter long or short positions in short movements. This approach diversifies risks and smoothes the overall yield curve. As you recall, we use turning points to enter a position, and it works. What the turning points are we have written in our previous reviews. At the moment, we are holding two positions that hedge the overall risk. We are waiting for the formation of an intermediate accumulation zone, and only then we will make further decisions on the positions as a whole.



✅ Altcoins: A couple of days ago, we made a recommendation to buy Binance coin, since the coin technically broke the downtrend and formed a good accumulation zone. Still, we see the weakness of the entire altcoin market, so we will immediately close the position as soon as it hits the stop zone. The rest of the market, in our opinion, is extremely weak.

Bitcoin's domination has slightly decreased from the peaks and at the moment, amounts to 67.4%. This is still a lot, however, we see that some altcoins have slowed down. Whether it will be a reversal or just another local unloading zone before a further drop, only time will tell. In the meantime, we are trying to trade only strong and liquid coins from the top 5 by capitalization. Everything else will most likely take the money away.

Sometimes you can observe how some recent coins, such as MATIC, grow by 50-100%. This is just a marketing ploy, nothing more. Moreover, the capitalization of this coin is currently 36 million dollars. You would think it has got huge potential. But we do not recommend novice traders to trade such coins, only pros may try and only short-term speculation. The market of altcoins has not come, and you risk losing money quickly. And the issue of liquidity is also very important. For us, it comes first.

We manage quite a large amount of capital, and it’s possible to enter a position, though it is difficult. But getting out of it is very problematic especially if it starts hitting the stop zone. We also do not want to push you to difficult decisions. Our task is to make money, and there is no difference on what.

📍Current BTC update:📍

✅ Bitcoin: At the current moment, we have hit a very strong support zone of $ 9,000 - 10,000 (we will mark it on the chart below). There are several points that are noticeable to us. The upward movement from $ 9,000 to $ 12,000 was on good volumes, but the falling back on low ones. One of the eternal questions in trading is that if the price moves up, then does someone buy or not sell? Conversely, if the price moves down, does someone sell or not buy?

The answer to this question is unequivocal - during any movement, someone sells and someone buys. Having gained more experience, you will understand the deep-laid meaning of this issue. The more you trade and develop in trading, the more you will be puzzled by this issue. So what is happening now? Is someone selling and there are no buyers?

In any market, including cryptocurrency, there is a law of supply and demand. The price moves only when there is an imbalance among buyers and sellers. As soon as the balance is reached, the price stops. At the moment, there is a strong seller who drives the price down, but it is worth keeping in mind that we are still in a bullish trend. We do not see a change yet. In the previous review, we talked about the formation of a bull pennant. The formation continues.

Our tactics? Now in the moment, an intermediate accumulation zone of $ 9,900 - 10,300 is being formed. After it is broken, we will either add to the position or close the rest of it and reverse it. The principle of reversal points also applies here. Those who are reading our review for the first time should see the previous reviews. The technique of trading reversal points is described in detail there.

We are currently holding two positions. One long with stops below $ 9,800, and one short with stops at $ 11,000. If you have not got any positions yet, then you should sell in case of the breakdown of the above zone, otherwise you will encounter a difficult decision when the price reaches the lower border of a more global zone of $ 9,000 - 10,000. If the price breaks through the zone and moves up, then it is worth opening a long position. Do not forget about the technique of reversal points. It works perfectly with volatile assets, remember that trading is mathematics and, most importantly, not just one trade, but a distance.


✅ Altcoins: As soon as Bitcoin in altcoins began to fall, the situation became even worse. Everything is very weak and shaky. Even Binance coin is near our stop zone. We will close it and forget about it if the price drops below $ 27. It’s too early for altcoins’ season, very early.
Bitcoin’s domination is 28.5%. And it continues to grow. The capital is still flowing from altcoins to Bitcoin, even when Bitcoin is declining.

Binance, Coinbase PRO
#BTC/USD Take-Profit target 1 ✅
Profit: 4.8543% 📈
Period: 8 Hours 20 Minutes ⏰