Forwarded from Crypto Classics VIP | Futures
📍Current BTC update:📍
✅ Bitcoin: Markets are inherently chaotic. Price moves as a result of the impact on it of both buyers and sellers. Imagine you that need to buy and sell one hundred people at the same time. They come to the market and at the moment try to make a deal.
Price fluctuations in the market are precisely due to the fact that someone is buying, someone is selling. But at a certain point, buyers and sellers miraculously gain an equal driving force, and the price begins with corrections to move in a certain direction. We will write an article on understanding market processes in our VIP channel. We believe that the information we share in this article is very valuable for understanding the processes of trade and pricing in the market.
The best and most interesting moment of the entry point is a violation of the market structure. Something that happens rarely, but good.
Since the breakup of the upper boundary of a very strong accumulation zone, Bitcoin has gone up and at the moment reached the level of $ 9,200. This is a completely normal movement within the current picture of Bitcoin price movement. Once again, we are convinced that the cryptocurrency market currently has an exclusively speculative component. No investments, only trading with the goal of being smarter than others.
As part of a downtrend, the price has not violated the pattern, and we still see that bitcoin can fall further and even update local lows. However, everything has its time and enter the position is too early. Both short and long.
On the graph we show the course of our thoughts. As always, when there is a good entry point, we will definitely give a recommendation. In the meantime, we are waiting.
✅ Altcoins: Enough time has passed since the start of the altcoin movement. Prices have adjusted and we see the potential for further growth. It is noteworthy that these were quite strong movements, in some more than 100% and we think that the update of local maximum should follow. Next will be seen. Positions are open. The stops are exposed.
The dominance of bitcoin is gradually falling, and currently 65.7%. Bitcoin stands at a level, altcoins fluctuate a bit. This means that part of the capital is still redistributed into altcoins. But do not rely heavily on the altcoin season. Redistribution of balance is still slow and weak. We hope that market movements have just begun and things will continue.
✅ Bitcoin: Markets are inherently chaotic. Price moves as a result of the impact on it of both buyers and sellers. Imagine you that need to buy and sell one hundred people at the same time. They come to the market and at the moment try to make a deal.
Price fluctuations in the market are precisely due to the fact that someone is buying, someone is selling. But at a certain point, buyers and sellers miraculously gain an equal driving force, and the price begins with corrections to move in a certain direction. We will write an article on understanding market processes in our VIP channel. We believe that the information we share in this article is very valuable for understanding the processes of trade and pricing in the market.
The best and most interesting moment of the entry point is a violation of the market structure. Something that happens rarely, but good.
Since the breakup of the upper boundary of a very strong accumulation zone, Bitcoin has gone up and at the moment reached the level of $ 9,200. This is a completely normal movement within the current picture of Bitcoin price movement. Once again, we are convinced that the cryptocurrency market currently has an exclusively speculative component. No investments, only trading with the goal of being smarter than others.
As part of a downtrend, the price has not violated the pattern, and we still see that bitcoin can fall further and even update local lows. However, everything has its time and enter the position is too early. Both short and long.
On the graph we show the course of our thoughts. As always, when there is a good entry point, we will definitely give a recommendation. In the meantime, we are waiting.
✅ Altcoins: Enough time has passed since the start of the altcoin movement. Prices have adjusted and we see the potential for further growth. It is noteworthy that these were quite strong movements, in some more than 100% and we think that the update of local maximum should follow. Next will be seen. Positions are open. The stops are exposed.
The dominance of bitcoin is gradually falling, and currently 65.7%. Bitcoin stands at a level, altcoins fluctuate a bit. This means that part of the capital is still redistributed into altcoins. But do not rely heavily on the altcoin season. Redistribution of balance is still slow and weak. We hope that market movements have just begun and things will continue.
Forwarded from Crypto Classics VIP | Futures
📍Quick update:📍
Until the end of the week, a large overview of cryptocurrency markets will be released. In the meantime, a small update.
The current price is very attractive in terms of opening positions. We already wrote about the zone of reversal points. This is her. It is now favorable to open a short position below $ 9,000. And Long above 9 150 dollars. In case of a false breakdown, you can roll over.
The altcoin market looks good. It seems that the bullish season may continue. But it seems to us that Bitcoin will set the tone for the movement anyway.
As always, we give the actual entry points to the position in the VIP channel.
Until the end of the week, a large overview of cryptocurrency markets will be released. In the meantime, a small update.
The current price is very attractive in terms of opening positions. We already wrote about the zone of reversal points. This is her. It is now favorable to open a short position below $ 9,000. And Long above 9 150 dollars. In case of a false breakdown, you can roll over.
The altcoin market looks good. It seems that the bullish season may continue. But it seems to us that Bitcoin will set the tone for the movement anyway.
As always, we give the actual entry points to the position in the VIP channel.
Forwarded from Crypto Classics VIP | Futures
Forwarded from Crypto Classics VIP | Futures
Forwarded from Crypto Classics VIP | Futures
Forwarded from Crypto Classics VIP | Futures
Quick update. In a previous review, we pointed out that bitcoin sets the tone for movement throughout the market. Currently, Bitcoin is forming a pattern in the continuation of growth. While there were no significant corrections, you can try to take small take profits with small stops.
It is necessary to be extremely careful as at any moment there can be a strong squeeze down. The altcoin market is happy and we are seeing continued growth. Our positions have successfully achieved the goals by 50%. We look forward to further developments and interesting entry points.
It is necessary to be extremely careful as at any moment there can be a strong squeeze down. The altcoin market is happy and we are seeing continued growth. Our positions have successfully achieved the goals by 50%. We look forward to further developments and interesting entry points.
Forwarded from Crypto Classics VIP | Futures
Forwarded from Crypto Classics VIP | Futures
📍Big Current BTC update:📍
✅ Bitcoin: So so so! Since the last review, Bitcoin has significantly increased in price. And not only Bitcoin, the whole market was growing. This is a good sign for cryptocurrencies. When prices are equal to almost all assets, this indicates good support for market makers and the start of a long rally. But do not rush to rejoice.
We still consider the cryptocurrency market to be speculative and extremely dangerous, since cryptocurrencies are still not widely used. Moreover, in our opinion, this will happen only when international large conglomerates and international corporations consider it necessary. Only then, at the level of the USA or European government, laws will be adopted that can give just a very strong impetus to the development of the use of cryptocurrencies.
However, this does not happen. Partly, it is not difficult to control these processes, but it is a very costly affair. And creating an entire industry costs a lot of money. Of course, world governments have them. But another problem is growing, which is much more dangerous than a handful of cryptocurrencies with a total capitalization of $ 300 billion. There is a large-scale pumping of markets with liquidity. In America, 4 companies already have a total capitalization of $ 6 trillion. Also, these cache companies have a huge amount on their balance sheets and they couldn’t come up with anything better than buying back their own shares from the market, driving prices higher and higher.
But there is a more serious problem. This is the total government’s debt in the world. Of course, in developed countries there is no problem with this, since there is plenty of income to cover interest on the loan. But it is worth one fear to stagger in this regard and the whole house of cards can sprinkle.
What does this mean for us cryptocurrency market traders? These may be opportunities for further growth of the market as a whole and renewal of historical highs. But at the moment, the reality is that the cryptocurrency market has two components. This is a means of turnover on the black market and speculativeness.
Do not forget that at the moment, many cryptocurrency exchanges have added a margin. This means that it is possible to borrow money and trade with leverage. And this, in turn, means that you can lose money not when the market is worth zero, but when the calculated margin is over. In other words, using borrowed funds you can easily lose all the money in an instant. And we are more than confident that exchanges will use this. Therefore, we advise you to be very carefully and make transactions very carefully.
✅ Bitcoin: So so so! Since the last review, Bitcoin has significantly increased in price. And not only Bitcoin, the whole market was growing. This is a good sign for cryptocurrencies. When prices are equal to almost all assets, this indicates good support for market makers and the start of a long rally. But do not rush to rejoice.
We still consider the cryptocurrency market to be speculative and extremely dangerous, since cryptocurrencies are still not widely used. Moreover, in our opinion, this will happen only when international large conglomerates and international corporations consider it necessary. Only then, at the level of the USA or European government, laws will be adopted that can give just a very strong impetus to the development of the use of cryptocurrencies.
However, this does not happen. Partly, it is not difficult to control these processes, but it is a very costly affair. And creating an entire industry costs a lot of money. Of course, world governments have them. But another problem is growing, which is much more dangerous than a handful of cryptocurrencies with a total capitalization of $ 300 billion. There is a large-scale pumping of markets with liquidity. In America, 4 companies already have a total capitalization of $ 6 trillion. Also, these cache companies have a huge amount on their balance sheets and they couldn’t come up with anything better than buying back their own shares from the market, driving prices higher and higher.
But there is a more serious problem. This is the total government’s debt in the world. Of course, in developed countries there is no problem with this, since there is plenty of income to cover interest on the loan. But it is worth one fear to stagger in this regard and the whole house of cards can sprinkle.
What does this mean for us cryptocurrency market traders? These may be opportunities for further growth of the market as a whole and renewal of historical highs. But at the moment, the reality is that the cryptocurrency market has two components. This is a means of turnover on the black market and speculativeness.
Do not forget that at the moment, many cryptocurrency exchanges have added a margin. This means that it is possible to borrow money and trade with leverage. And this, in turn, means that you can lose money not when the market is worth zero, but when the calculated margin is over. In other words, using borrowed funds you can easily lose all the money in an instant. And we are more than confident that exchanges will use this. Therefore, we advise you to be very carefully and make transactions very carefully.
Forwarded from Crypto Classics VIP | Futures
Think for yourself if you had a tool that could give you the opportunity to make money on others, would you not? The answer is obvious. We write all this with one goal - to protect you from the loss of capital in the cryptocurrency market. We already wrote that trading is quite difficult. But you can greatly simplify trading if you have a system that combines risk and money management. If anyone is interested, then we can separately write a post about these two components of successful trading.
Now back to bitcoin. An increase of almost $ 5,000 from the bottom can tell us that someone is really systematically buying bitcoin. Since at the moment the cryptocurrency market exists for the black market and speculation, we do not even doubt that this growth is due to the money in the system. Such a hype, as in 2017, we do not see. We do not see an influx of new money either. Only marginality remains.
So it pushes the market up. Since additional crypto assets can be shorted or bought with leverage on many exchanges, additional money has appeared. But they should work. This means that there will be momentum coverage.
We have grown to the mark of 10,400 dollars. Just the number from which Bitcoin pushed off for the last time and fell to $ 6,600. We think that if there is no strong upward movement and then will be som ecoorection, then this will be a planned growth in the future, which gives us an excuse to hold a long position and cover our short position, which we opened for a long time at these prices. Anyone who has been following us since the fall knows that we have opened a short position at $ 10,300. Now it makes little profit. In case of further growth, we will cover it. Losses must always be cut, otherwise they can turn into a big problem.
If we consider the structure of the growth of bitcoin, then it resembles a completely harmonious movement. Only two things are alarming. First, there are no deep corrections, which is not typical for a normal market. The second is the angle of growth. The last time we saw such an angle of growth was a rather strong cut of the price down. We still hold 30% of the long position at a price of $ 9,350. With a sufficiently short stop and in the first case, we fix the profit.
What to do at the moment for those who did not have time to buy and missed this big move. There are two ways. For impatient breakdown of $ 10,500, you can open a long position, but you just have to put a stop at $ 10,300. Otherwise, you risk losing much more. You can catch the movement of 1,500 - 2,000 dollars against you easily. The second way is to wait for the pivot point and try to catch the rollback. We prefer the second way, because when you miss the entry point in good trend, it is better not to catch up with the price.
✅ Altcoins: From a review in which we pointed out fundamental shifts in altcoins throughout the market, a lot of things have already grown quite well. We also managed to earn more than 30% on individual altcoins and hold some promising ones. As always, the latest information and trading recommendations in our VIP channel. The altcoin market still looks good. Bitcoin dominance is declining and breaking down a critical mark of 65%, which increases the appetite for risky altcoins and the transfer of capital from bitcoin to altcons. At the moment, we do not see the prerequisites for a fall in assets in price. However, we recommend that you do not use shoulders and buy altcoins at current levels, if you do not put stops.
The dominance of bitcoin is currently 62% and continues to reduce. This is a good sign for altcoins. While the dynamics of their growth remains, although it would be very good if we saw a normal correction of the market. And that movement without rollbacks is alarming. This can be an extremely dangerous trap, especially for novice traders.
Now back to bitcoin. An increase of almost $ 5,000 from the bottom can tell us that someone is really systematically buying bitcoin. Since at the moment the cryptocurrency market exists for the black market and speculation, we do not even doubt that this growth is due to the money in the system. Such a hype, as in 2017, we do not see. We do not see an influx of new money either. Only marginality remains.
So it pushes the market up. Since additional crypto assets can be shorted or bought with leverage on many exchanges, additional money has appeared. But they should work. This means that there will be momentum coverage.
We have grown to the mark of 10,400 dollars. Just the number from which Bitcoin pushed off for the last time and fell to $ 6,600. We think that if there is no strong upward movement and then will be som ecoorection, then this will be a planned growth in the future, which gives us an excuse to hold a long position and cover our short position, which we opened for a long time at these prices. Anyone who has been following us since the fall knows that we have opened a short position at $ 10,300. Now it makes little profit. In case of further growth, we will cover it. Losses must always be cut, otherwise they can turn into a big problem.
If we consider the structure of the growth of bitcoin, then it resembles a completely harmonious movement. Only two things are alarming. First, there are no deep corrections, which is not typical for a normal market. The second is the angle of growth. The last time we saw such an angle of growth was a rather strong cut of the price down. We still hold 30% of the long position at a price of $ 9,350. With a sufficiently short stop and in the first case, we fix the profit.
What to do at the moment for those who did not have time to buy and missed this big move. There are two ways. For impatient breakdown of $ 10,500, you can open a long position, but you just have to put a stop at $ 10,300. Otherwise, you risk losing much more. You can catch the movement of 1,500 - 2,000 dollars against you easily. The second way is to wait for the pivot point and try to catch the rollback. We prefer the second way, because when you miss the entry point in good trend, it is better not to catch up with the price.
✅ Altcoins: From a review in which we pointed out fundamental shifts in altcoins throughout the market, a lot of things have already grown quite well. We also managed to earn more than 30% on individual altcoins and hold some promising ones. As always, the latest information and trading recommendations in our VIP channel. The altcoin market still looks good. Bitcoin dominance is declining and breaking down a critical mark of 65%, which increases the appetite for risky altcoins and the transfer of capital from bitcoin to altcons. At the moment, we do not see the prerequisites for a fall in assets in price. However, we recommend that you do not use shoulders and buy altcoins at current levels, if you do not put stops.
The dominance of bitcoin is currently 62% and continues to reduce. This is a good sign for altcoins. While the dynamics of their growth remains, although it would be very good if we saw a normal correction of the market. And that movement without rollbacks is alarming. This can be an extremely dangerous trap, especially for novice traders.
Forwarded from Crypto Classics VIP | Futures
Conclusion. Many words have been written today. I would like to summarize some interesting points. World markets are growing on a par with the cryptocurrency market, which is generally atypical. This can only mean one thing - the risk appetite is increased. Always be on the alert, otherwise you can suddenly lose a lot of money. All successful trading!
The schedule with the technical justification of the picture, as always, will be the second post.
The schedule with the technical justification of the picture, as always, will be the second post.
[Forwarded from Crypto Classics (VIP)]
📍Quick update:📍
There are no global changes so far and the price still has upside potential. However, we think the U-turn is close. If there is a weak retest of a strong level of $ 10,400 and repulsion from it, then this will open a short position. But it’s too early to close a long position.
📍Quick update:📍
There are no global changes so far and the price still has upside potential. However, we think the U-turn is close. If there is a weak retest of a strong level of $ 10,400 and repulsion from it, then this will open a short position. But it’s too early to close a long position.
Forwarded from Crypto Classics VIP | Futures
Forwarded from Crypto Classics VIP | Futures
Forwarded from Crypto Classics VIP | Futures
[Forwarded from Crypto Classics (VIP)]
📍Current BTC update:📍
✅ Bitcoin: Having hit the mark of $ 10,500 bitcoin, a little settling started a correction. An interesting point is that now there is a direct correlation between traditional markets and bitcoin. Throughout the past week, global markets have fallen on fear of the spread of coronavirus. The fall has been a record over the past 12 years. For some reason, Bitcoin has also been adjusted along with other markets.
This gives us reason to think that the paradigm of bitcoin as a protective asset in the event of a crisis has outlived itself and reality has changed. In part, this is due to the fact that many large participants in traditional markets also moved to the cryptocurrency market and also manage capital there.
At the moment, we are waiting for a small bounce back, and then we will see. With high probability we will look for points to open short positions. We don’t think that Bitcoin will grow further. Fundamentally there is no reason for this. Well, speculatively, bitcoin has already grown strongly from lows, so we can well protest the $ 8,000 mark.
✅ Altcoins: You noticed that with the correction of bitcoin and the rest of the top 10 altcoins, they also started to adjust. And the former growth force is not the same. This means that cryptocurrencies have acquired a pair of motion traders. We also think that the altcoin movement has ended and the global decline will continue.
The dominance of bitcoin at the moment is 63.6%. This is not much, not a little. Downward trend continues. Some altcoins are still pumping up in the hope that naive traders will believe in a strong altcoin season. However, we do not recommend buying anything on the cryptocurrency market right now. In our opinion, growth has ended and only extraordinary events can affect further growth. Do not forget that now the cryptocurrency market is for the most part speculative and it is quite possible that the price can go above $ 10,500 in order to eliminate short positions.
📍Current BTC update:📍
✅ Bitcoin: Having hit the mark of $ 10,500 bitcoin, a little settling started a correction. An interesting point is that now there is a direct correlation between traditional markets and bitcoin. Throughout the past week, global markets have fallen on fear of the spread of coronavirus. The fall has been a record over the past 12 years. For some reason, Bitcoin has also been adjusted along with other markets.
This gives us reason to think that the paradigm of bitcoin as a protective asset in the event of a crisis has outlived itself and reality has changed. In part, this is due to the fact that many large participants in traditional markets also moved to the cryptocurrency market and also manage capital there.
At the moment, we are waiting for a small bounce back, and then we will see. With high probability we will look for points to open short positions. We don’t think that Bitcoin will grow further. Fundamentally there is no reason for this. Well, speculatively, bitcoin has already grown strongly from lows, so we can well protest the $ 8,000 mark.
✅ Altcoins: You noticed that with the correction of bitcoin and the rest of the top 10 altcoins, they also started to adjust. And the former growth force is not the same. This means that cryptocurrencies have acquired a pair of motion traders. We also think that the altcoin movement has ended and the global decline will continue.
The dominance of bitcoin at the moment is 63.6%. This is not much, not a little. Downward trend continues. Some altcoins are still pumping up in the hope that naive traders will believe in a strong altcoin season. However, we do not recommend buying anything on the cryptocurrency market right now. In our opinion, growth has ended and only extraordinary events can affect further growth. Do not forget that now the cryptocurrency market is for the most part speculative and it is quite possible that the price can go above $ 10,500 in order to eliminate short positions.
Forwarded from Crypto Classics VIP | Futures
Pay attention to these two pictures. Bitcoin clearly broke a good level of resistance. At the same time, if you look at the top-5 cryptocurrencies, then they did not break this level. For example, DASHUSDT.
This means that the margin on Bitcoin is much higher and this, with a high probability, was the elimination of stops on short positions. By the way, the growth of dominance is insignificant, which tells us that the altcoins season is over and you can open short positions at the right points.
This means that the margin on Bitcoin is much higher and this, with a high probability, was the elimination of stops on short positions. By the way, the growth of dominance is insignificant, which tells us that the altcoins season is over and you can open short positions at the right points.