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
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
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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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).
👉 @nickyusuf
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
▪️ 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
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
Forwarded from Crypto Classics VIP | Futures
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
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
Forwarded from Crypto Classics VIP | Futures
[В ответ на Crypto Classics (VIP)]
Binance
#BTC/USD Take-Profit target 2 ✅
Profit: 7.8947% 📈
Period: 23 Hours 43 Minutes ⏰
Binance
#BTC/USD Take-Profit target 2 ✅
Profit: 7.8947% 📈
Period: 23 Hours 43 Minutes ⏰
Forwarded from Crypto Classics VIP | Futures
📍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.
✅ 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.
Forwarded from Crypto Classics VIP | Futures
📍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.
✅ 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.
Forwarded from Crypto Classics VIP | Futures
Forwarded from Crypto Classics VIP | Futures
📍Current BTC update:📍
✅ Bitcoin: A small update for today. The previous zone of Bitcoin's accumulation was quite small, then the price went up, hitting the mark of $ 10,950. A slow ascending channel is currently forming. Also, the level of inclination indicates a good trend. We are sure that the price will go further if nothing extraordinary happens.
Our tactics? After adding at the price of $ 10,350, we have formed a long position that is 40% of the deposit with an average price of $ 10,200. There is also a short position of 10% of the deposit at the price of $ 11,300. If the price moves above $ 11,000, then we will cover the short position and leave the long one. We have already written that, in our view, there will be further growth.
Is there a negative scenario? Yes, there is. If the price stands still a little and breaks the ascending channel. This is the first signal, and the second is if the price tries to go up, but it is immediately driven down. In this case, we will consider a hedging short position again. In the meantime, everything goes according to the plan.
✅ Altcoins: Most altcoins have deep downward charts, which is rather sad. But we have one position, and it is Binance coin. In our opinion, this coin shows good strength, and it, at least, has broken the downward trend. For the time being, we do not recommend to open positions in the rest of the market because our task is to earn money and not to play roulette or give money out to the market.
Bitcoin's domination is 69.1% at the moment. A steady trend has formed, and we must at least approach a strong resistance zone to break it, and that means that its domination should equal 78%. Only there, to our mind, might be a reversal. Many say that now there are enough high-quality altcoins to redistribute liquidity, but we do not agree with that.
The role of altcoins is currently to serve as an alternative to Bitcoin. But what alternative can there be so far if we see no breakthrough in the use of these technologies? Only Bitcoin works hard, the rest just shows promise. We should not trade expectations. The market will show true value to altcoins over time. But now it’s a waste of money.
✅ Bitcoin: A small update for today. The previous zone of Bitcoin's accumulation was quite small, then the price went up, hitting the mark of $ 10,950. A slow ascending channel is currently forming. Also, the level of inclination indicates a good trend. We are sure that the price will go further if nothing extraordinary happens.
Our tactics? After adding at the price of $ 10,350, we have formed a long position that is 40% of the deposit with an average price of $ 10,200. There is also a short position of 10% of the deposit at the price of $ 11,300. If the price moves above $ 11,000, then we will cover the short position and leave the long one. We have already written that, in our view, there will be further growth.
Is there a negative scenario? Yes, there is. If the price stands still a little and breaks the ascending channel. This is the first signal, and the second is if the price tries to go up, but it is immediately driven down. In this case, we will consider a hedging short position again. In the meantime, everything goes according to the plan.
✅ Altcoins: Most altcoins have deep downward charts, which is rather sad. But we have one position, and it is Binance coin. In our opinion, this coin shows good strength, and it, at least, has broken the downward trend. For the time being, we do not recommend to open positions in the rest of the market because our task is to earn money and not to play roulette or give money out to the market.
Bitcoin's domination is 69.1% at the moment. A steady trend has formed, and we must at least approach a strong resistance zone to break it, and that means that its domination should equal 78%. Only there, to our mind, might be a reversal. Many say that now there are enough high-quality altcoins to redistribute liquidity, but we do not agree with that.
The role of altcoins is currently to serve as an alternative to Bitcoin. But what alternative can there be so far if we see no breakthrough in the use of these technologies? Only Bitcoin works hard, the rest just shows promise. We should not trade expectations. The market will show true value to altcoins over time. But now it’s a waste of money.
Forwarded from Crypto Classics VIP | Futures
📍Current BTC update:📍
✅ Bitcoin: Several days have passed since the last review, and the situation has changed a bit. As we indicated in the previous review, a pennant pattern is forming on the weekly chart. We had expectations of its breakthrough upward on this wave of growth, but it seems that we are going to test the lower border of the figure somewhere near $ 8,000. A downward trend with a strong support level of $ 9,700 is forming on the daily chart. As a rule, if the price is constantly magnetized to a certain level, then sooner or later it is broken through.
Of course, it would be great if the price could hold, but this is the cryptocurrency market and anything can happen there. In any case, we must be prepared for all scenarios of development and have a clear plan for any movement. We may linger in the range of 9,800 - 10,200 dollars for some time. In this range, we do not recommend using the entry technique by turning points, because the dynamics is going to lower price, and the best entry point will be the lower border of this zone.
Our tactics? We are still holding the long position, and if the price moves below $ 9,800, then we will cover it and at the same time increase the short position, which has been held from the level of $ 11,300. Thus, we move the balance from a long position to a short one, since there is a good chance that the price will go below $ 9,000. At the level of 9,700 dollars, we will closely monitor the trading. If the level is broken down, and the price will not return higher, and vice versa, the price will fall by 200-300 dollars and it is traded there for a while, then this is a strong short position.
Yes, we would like the price of Bitcoin to grow, but you should not fall for an asset when it comes to money. Our task is to make money, not believe. It's good that we can open a short position in Bitcoin. This gives us the opportunity to earn even from a fall. Of course, if we return above the level of 12,000 dollars, then this is a strictly bullish scenario. Well, for now, it’s worth trading very carefully.
✅ Altcoins: Altcoins. It is not time yet to invest in alternative technologies. If Bitcoin breaks down below the level of $ 9,700, then this will give an even greater impetus to the fall of altcoins which may simply drop significantly.
Bitcoin’s domination is 68.4%. We have been near this figure for several days. Bitcoin will decide everything. If a breakdown of the level of $ 9,700 will take place, then the domination will increase significantly. We have not seen any signs of a reversal in the trend so far. We have already written that this figure might reach 80-85% even despite the fact that so many new coins and cryptocurrencies have been created.
✅ Bitcoin: Several days have passed since the last review, and the situation has changed a bit. As we indicated in the previous review, a pennant pattern is forming on the weekly chart. We had expectations of its breakthrough upward on this wave of growth, but it seems that we are going to test the lower border of the figure somewhere near $ 8,000. A downward trend with a strong support level of $ 9,700 is forming on the daily chart. As a rule, if the price is constantly magnetized to a certain level, then sooner or later it is broken through.
Of course, it would be great if the price could hold, but this is the cryptocurrency market and anything can happen there. In any case, we must be prepared for all scenarios of development and have a clear plan for any movement. We may linger in the range of 9,800 - 10,200 dollars for some time. In this range, we do not recommend using the entry technique by turning points, because the dynamics is going to lower price, and the best entry point will be the lower border of this zone.
Our tactics? We are still holding the long position, and if the price moves below $ 9,800, then we will cover it and at the same time increase the short position, which has been held from the level of $ 11,300. Thus, we move the balance from a long position to a short one, since there is a good chance that the price will go below $ 9,000. At the level of 9,700 dollars, we will closely monitor the trading. If the level is broken down, and the price will not return higher, and vice versa, the price will fall by 200-300 dollars and it is traded there for a while, then this is a strong short position.
Yes, we would like the price of Bitcoin to grow, but you should not fall for an asset when it comes to money. Our task is to make money, not believe. It's good that we can open a short position in Bitcoin. This gives us the opportunity to earn even from a fall. Of course, if we return above the level of 12,000 dollars, then this is a strictly bullish scenario. Well, for now, it’s worth trading very carefully.
✅ Altcoins: Altcoins. It is not time yet to invest in alternative technologies. If Bitcoin breaks down below the level of $ 9,700, then this will give an even greater impetus to the fall of altcoins which may simply drop significantly.
Bitcoin’s domination is 68.4%. We have been near this figure for several days. Bitcoin will decide everything. If a breakdown of the level of $ 9,700 will take place, then the domination will increase significantly. We have not seen any signs of a reversal in the trend so far. We have already written that this figure might reach 80-85% even despite the fact that so many new coins and cryptocurrencies have been created.
Forwarded from Crypto Classics VIP | Futures
📍Current BTC update:📍
✅ Bitcoin:Nothing has changed since the last review. Bitcoin is trading within a fairly wide range of 9,800 - 10,800 dollars. A breakdown will indicate the high probability of a bearish scenario. An upside breakout will not tell us anything much, as there is still quite a strong level of 11,000 dollars.
Only after taking it and consolidating is it worth thinking about buys. At the current levels, it makes sense to trade in the lower and upper border of the corridor according to the principle of reversal points. But this time you need to change tactics and take profit at the upper border of $ 10,800 and, in case of a reversal, open a short position, setting the goal to the lower border of $ 10,000. It is not necessary to cover it at the very border, but a little earlier, to close a trade for sure.
When the price rebounds, you should try to open a long position. But as soon as there is a breakout of the borders of this range, it is worth opening a position in the direction of a breakout. The price will most likely move further well.
Our tactics? At the moment, we are holding a long position at the price of $ 10,200 and a short position at the price of $ 11,300. We are going to work from the borders of the zone of $ 9,800 and $ 10,800 by using turning points.
We described the tactics above. It’s not worth inventing anything, everything is quite simple. The main thing is the plan and strict adherence to it. It is possible that we can get stuck here for a long time.
✅ Altcoins: When Bitcoin breaks down below the lower border, you can even open short positions for some altcoins to catch the first strong movement, because if Bitcoin falls, the other altcoins will drop with a vengeance. Buys are out of question so far.
Unless Bitcoin shoots up, breaks through the level of $ 11,000, consolidates there and slowly grows. In this case, speculative capital can pump altcoins. We will see it. In the meantime, we are standing by. At the moment, liquidity is leaving the altcoin market, and it’s not so easy to take a large position, which is a very bad sign for us. Only the top 5 altcoins are suitable for trading and investment, well, maybe, a couple more from the rest of the market, and it is sad.
Bitcoin’s domination is currently 68.9%. The marks are almost the same as from the last review. Nothing has essentially changed, most of the capital is in the most liquid cryptocurrency.
✅ Bitcoin:Nothing has changed since the last review. Bitcoin is trading within a fairly wide range of 9,800 - 10,800 dollars. A breakdown will indicate the high probability of a bearish scenario. An upside breakout will not tell us anything much, as there is still quite a strong level of 11,000 dollars.
Only after taking it and consolidating is it worth thinking about buys. At the current levels, it makes sense to trade in the lower and upper border of the corridor according to the principle of reversal points. But this time you need to change tactics and take profit at the upper border of $ 10,800 and, in case of a reversal, open a short position, setting the goal to the lower border of $ 10,000. It is not necessary to cover it at the very border, but a little earlier, to close a trade for sure.
When the price rebounds, you should try to open a long position. But as soon as there is a breakout of the borders of this range, it is worth opening a position in the direction of a breakout. The price will most likely move further well.
Our tactics? At the moment, we are holding a long position at the price of $ 10,200 and a short position at the price of $ 11,300. We are going to work from the borders of the zone of $ 9,800 and $ 10,800 by using turning points.
We described the tactics above. It’s not worth inventing anything, everything is quite simple. The main thing is the plan and strict adherence to it. It is possible that we can get stuck here for a long time.
✅ Altcoins: When Bitcoin breaks down below the lower border, you can even open short positions for some altcoins to catch the first strong movement, because if Bitcoin falls, the other altcoins will drop with a vengeance. Buys are out of question so far.
Unless Bitcoin shoots up, breaks through the level of $ 11,000, consolidates there and slowly grows. In this case, speculative capital can pump altcoins. We will see it. In the meantime, we are standing by. At the moment, liquidity is leaving the altcoin market, and it’s not so easy to take a large position, which is a very bad sign for us. Only the top 5 altcoins are suitable for trading and investment, well, maybe, a couple more from the rest of the market, and it is sad.
Bitcoin’s domination is currently 68.9%. The marks are almost the same as from the last review. Nothing has essentially changed, most of the capital is in the most liquid cryptocurrency.
Forwarded from Crypto Classics VIP | Futures
📍Current BTC update:📍
✅ Bitcoin:Yesterday there was an expected breakdown. That is why we always try to consider several scenarios of market development. A week ago, we were sure that the price would test strong resistance levels of $ 12,000 and $ 14,000. But everything has changed dramatically.
Trading is not only a process of clicking on buy and sell buttons, but it is also the ability to adapt to the market. Unfortunately, many are trying to dictate terms to the market, although it is, in fact, the opposite. Only those who do not go against the market survive. Only those who have very good flexibility in strategies and approach make money.
The market is a strong element, and it does not care about your thoughts and plans. If you stand in its way, this will certainly end very badly. We often hear from traders and investors that the market "must". It owes nothing to anyone. You should always act on the fact and not expect something from the market. The breakdown of the strong support level of $ 9,800 and a fairly deep drop without a return tell us that we are going to test lower levels of support.
At the moment, we can state the fact that the market is bearish again. In general, cryptocurrencies are very volatile. Their feature is still speculation. More precisely, at present, all that underlies cryptocurrencies is speculation. Therefore, crypto assets can either grow high enough or fall deep enough. The innovative technologies market lives on expectations, but the cryptocurrency market does not have such ability yet. That is why most crypto assets simply fall to zero.
Our tactics. We have completely covered a long position. At the current levels, we do not see buy signals. It is possible to trade rebounds, but it is dangerous so far. What is the point? if you can trade a trend. In previous reviews, we have already written that a bull pennant is forming globally, but it is still far from complete. Nevertheless, we are still holding a short position from the level of 11 300 dollars and we added to it last night. At the moment, we have got a good profit.
The bear market is characterized by sharp rebounds which will seem a trend reversal to many. But we do not advise rushing. For a proper reversal, it will take time to accumulate a good position. Only then does it make sense to consider buying for the long term. In the meantime, we are waiting for signals of the continuation of the fall. Remember that the market owes nothing to anyone. If you made a mistake in the forecast or direction of the price, then accept you being wrong and cover the position, otherwise it will cost you much more money.
✅ Altcoins: . As we expected as soon as Bitcoin broke down below the support level of $ 9,800, altcoins slumped with a vengeance. Our recommendation to open short positions in altcoins worked well and brought profit. We believe that there will be a further fall, so get the idea of the altcoins' season out of your head .
Bitcoin’s domination is currently 69%. The flow of capital from altcoins to Bitcoin continues. At some point, when the market realizes that the bearish cycle has come again, the flow will accelerate.
✅ Bitcoin:Yesterday there was an expected breakdown. That is why we always try to consider several scenarios of market development. A week ago, we were sure that the price would test strong resistance levels of $ 12,000 and $ 14,000. But everything has changed dramatically.
Trading is not only a process of clicking on buy and sell buttons, but it is also the ability to adapt to the market. Unfortunately, many are trying to dictate terms to the market, although it is, in fact, the opposite. Only those who do not go against the market survive. Only those who have very good flexibility in strategies and approach make money.
The market is a strong element, and it does not care about your thoughts and plans. If you stand in its way, this will certainly end very badly. We often hear from traders and investors that the market "must". It owes nothing to anyone. You should always act on the fact and not expect something from the market. The breakdown of the strong support level of $ 9,800 and a fairly deep drop without a return tell us that we are going to test lower levels of support.
At the moment, we can state the fact that the market is bearish again. In general, cryptocurrencies are very volatile. Their feature is still speculation. More precisely, at present, all that underlies cryptocurrencies is speculation. Therefore, crypto assets can either grow high enough or fall deep enough. The innovative technologies market lives on expectations, but the cryptocurrency market does not have such ability yet. That is why most crypto assets simply fall to zero.
Our tactics. We have completely covered a long position. At the current levels, we do not see buy signals. It is possible to trade rebounds, but it is dangerous so far. What is the point? if you can trade a trend. In previous reviews, we have already written that a bull pennant is forming globally, but it is still far from complete. Nevertheless, we are still holding a short position from the level of 11 300 dollars and we added to it last night. At the moment, we have got a good profit.
The bear market is characterized by sharp rebounds which will seem a trend reversal to many. But we do not advise rushing. For a proper reversal, it will take time to accumulate a good position. Only then does it make sense to consider buying for the long term. In the meantime, we are waiting for signals of the continuation of the fall. Remember that the market owes nothing to anyone. If you made a mistake in the forecast or direction of the price, then accept you being wrong and cover the position, otherwise it will cost you much more money.
✅ Altcoins: . As we expected as soon as Bitcoin broke down below the support level of $ 9,800, altcoins slumped with a vengeance. Our recommendation to open short positions in altcoins worked well and brought profit. We believe that there will be a further fall, so get the idea of the altcoins' season out of your head .
Bitcoin’s domination is currently 69%. The flow of capital from altcoins to Bitcoin continues. At some point, when the market realizes that the bearish cycle has come again, the flow will accelerate.