Forwarded from Future Crypto Experts - Paid Channel
In my opinion it is just matter of time when we are going to drop!
https://www.tradingview.com/x/fz2aaXmd/
All these wicks that are point upward, EMAs That are comeing down will be very hard resistance for BTC!
Midbb D1 is coming down too! This green area was enormous resistance last time and I do not think this time it will be broken!
We have bullish momentum but it finished just by spike to 6600 and nothing else.
You have to know that local or any tops need much more to form then bottoms!
https://www.tradingview.com/x/fz2aaXmd/
All these wicks that are point upward, EMAs That are comeing down will be very hard resistance for BTC!
Midbb D1 is coming down too! This green area was enormous resistance last time and I do not think this time it will be broken!
We have bullish momentum but it finished just by spike to 6600 and nothing else.
You have to know that local or any tops need much more to form then bottoms!
BTC slowed down in last 12 hours and we are now ranging between 6350 and 6400 so it doesnt offer us a lot of chances for catching big moves but it offer us enough time to check the situation and prepare for that "big move"
BTC chart: https://www.tradingview.com/x/Rsp9Z9TV
This is my trading idea!
Entry around 6370, stop loss above 6405-6410 and first target around 6280-6250!
There are a lot of reason why I am bearish on BTC at the moment! I was combining different strategies, time frames and all I see is potential dump in the price of BTC.
This trading set up offers me perfect tight stop loss so let's enter and wait to see where we are going!
Good luck!
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BTC chart: https://www.tradingview.com/x/Rsp9Z9TV
This is my trading idea!
Entry around 6370, stop loss above 6405-6410 and first target around 6280-6250!
There are a lot of reason why I am bearish on BTC at the moment! I was combining different strategies, time frames and all I see is potential dump in the price of BTC.
This trading set up offers me perfect tight stop loss so let's enter and wait to see where we are going!
Good luck!
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
Market Update
It is August 22nd, 2018! BTC dominance is at 53.1%. Total market cap is currently at $216.9 billion! The volume of last 24h was $12.1 billion!
We all saw what happened last night after Bitmex came back! If you do not know the reason for that massive pump, here you are short explaination!
Bitmex server went down because of update and they suspended trading! As we know, Bitmex is currently number 1 exchange! Others exchanges can't manipulate the price if Bitmex whales are not cooperating! While they were unable to short Bitcoin price, whales on other exchanges pumped the price because the majority of other exchanges are not allowing shorting ( Binance for example ) and they use this opportunity to pump the price.
While Bitmex were down, you were not able to trade but you could place orders! While price on Bitmex still around 6460, price on other exchanges were much higher! That's the reason why a lot of long market orders were placed and because they thought it is easy money ( catching this price difference ). But, it looks like a lot of members tried to catch this price difference and we saw massive pump!
I hope this explaination was easy to understand! I just want you to know that it was 100% auto trading! The pump was made by market orders. Market orders are automatically buying once price reach your price. But execution price could be 1% or 1000% from your price. There is no news that caused this pump! Market condition is still the same!
This pump filled a lot of short stop losses! Also, this pump opened a lot of long positions! We are very close to to the market with double pressure! What does double pressure mean? It means that both, bulls and bears are pointing in the same direction! Why?
A lot of long opened above 7000 will cause big fear for the holders of these positions! They are looking for exit and if price start dumping they wont wait too much and they will jump out or their liquidation price will be reached! As we have now less short positions then we had one day ago, we have now a lot of potenital shorters!
So, this is why it is called double pressure!
That's market analysis!
The technical analysis is sowing us that we were rejected by top of daily bollinger band and now we have very big wick but at the moment the body of that candle is not that bad! But, it is still not even half of the day behind us, so if we see price drops below 6550 or 6500 and close there, almost 99% we are going to drop! For that we need only $100 drop, it is something that is not impossible!
The fundamental analysis of market is even more important at the moment! We are expecting SEC announcement of ProShares ETF proposal! Our opinion is that it wont be accepted because of their condition and the way ProShares are planing to open ETF!
A lot of longs opened above 7000, a lot of potential new shorters, TA that is showing big wick at the moment, FA that is mostly going to be negative! I am sorry, but I can't be bullish on BTC in next few days!
The only reason why I will become bullish is positive news from. SEC about ProShares ETF proposal! Without positiove news, we are going down almost for sure until next potential positive news!
BTC Chart: https://www.tradingview.com/x/m0iXltui
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
Best regards, CS Team!
It is August 22nd, 2018! BTC dominance is at 53.1%. Total market cap is currently at $216.9 billion! The volume of last 24h was $12.1 billion!
We all saw what happened last night after Bitmex came back! If you do not know the reason for that massive pump, here you are short explaination!
Bitmex server went down because of update and they suspended trading! As we know, Bitmex is currently number 1 exchange! Others exchanges can't manipulate the price if Bitmex whales are not cooperating! While they were unable to short Bitcoin price, whales on other exchanges pumped the price because the majority of other exchanges are not allowing shorting ( Binance for example ) and they use this opportunity to pump the price.
While Bitmex were down, you were not able to trade but you could place orders! While price on Bitmex still around 6460, price on other exchanges were much higher! That's the reason why a lot of long market orders were placed and because they thought it is easy money ( catching this price difference ). But, it looks like a lot of members tried to catch this price difference and we saw massive pump!
I hope this explaination was easy to understand! I just want you to know that it was 100% auto trading! The pump was made by market orders. Market orders are automatically buying once price reach your price. But execution price could be 1% or 1000% from your price. There is no news that caused this pump! Market condition is still the same!
This pump filled a lot of short stop losses! Also, this pump opened a lot of long positions! We are very close to to the market with double pressure! What does double pressure mean? It means that both, bulls and bears are pointing in the same direction! Why?
A lot of long opened above 7000 will cause big fear for the holders of these positions! They are looking for exit and if price start dumping they wont wait too much and they will jump out or their liquidation price will be reached! As we have now less short positions then we had one day ago, we have now a lot of potenital shorters!
So, this is why it is called double pressure!
That's market analysis!
The technical analysis is sowing us that we were rejected by top of daily bollinger band and now we have very big wick but at the moment the body of that candle is not that bad! But, it is still not even half of the day behind us, so if we see price drops below 6550 or 6500 and close there, almost 99% we are going to drop! For that we need only $100 drop, it is something that is not impossible!
The fundamental analysis of market is even more important at the moment! We are expecting SEC announcement of ProShares ETF proposal! Our opinion is that it wont be accepted because of their condition and the way ProShares are planing to open ETF!
A lot of longs opened above 7000, a lot of potential new shorters, TA that is showing big wick at the moment, FA that is mostly going to be negative! I am sorry, but I can't be bullish on BTC in next few days!
The only reason why I will become bullish is positive news from. SEC about ProShares ETF proposal! Without positiove news, we are going down almost for sure until next potential positive news!
BTC Chart: https://www.tradingview.com/x/m0iXltui
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
Best regards, CS Team!
Forced Short Squeeze
Exactly what I wrote few hours ago! Bulls used their money on Binance, Bitfinex, Bitstamp to pump price up! They probably lost up to 10% because of that! But, they made at least 100% on Bitmex and overall profit for them is huge considering that they are using millions to trade!
Simply, they opened longs on Bitmex, waited for Bitmex to get down and they started with pump on other exchanges! They caused difference in price and it caused others to think they they can easily catch $50-100 move. They put orders and waited for Bitmex to come back! Then we saw auto trading, that was extremelly volatile in altcoin market! Some alts went up to 400-500% on Bitmex but they dropped down just few minutes later!
Now, there is not short positions on alts for sure because move was bigger than 100% so all positions were liquidated! What is even worst is that there are a lot of longs opened and if the profit wasn't booked instant, it is now huge loss! So, I was talking about double pressure on Bitcoin, but double pressure on alts is huge! I wouldnt be surprised to see alts in double digit loss very soon! Simply, there is huge amount of potential shorters and huge amount of longs that are in loss! After short squeeze, we could easily see long squeeze but this time it can be even worse!
https://cointelegraph.com/news/crypto-markets-see-green-amid-talk-of-forced-short-squeeze-on-bitmex
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Exactly what I wrote few hours ago! Bulls used their money on Binance, Bitfinex, Bitstamp to pump price up! They probably lost up to 10% because of that! But, they made at least 100% on Bitmex and overall profit for them is huge considering that they are using millions to trade!
Simply, they opened longs on Bitmex, waited for Bitmex to get down and they started with pump on other exchanges! They caused difference in price and it caused others to think they they can easily catch $50-100 move. They put orders and waited for Bitmex to come back! Then we saw auto trading, that was extremelly volatile in altcoin market! Some alts went up to 400-500% on Bitmex but they dropped down just few minutes later!
Now, there is not short positions on alts for sure because move was bigger than 100% so all positions were liquidated! What is even worst is that there are a lot of longs opened and if the profit wasn't booked instant, it is now huge loss! So, I was talking about double pressure on Bitcoin, but double pressure on alts is huge! I wouldnt be surprised to see alts in double digit loss very soon! Simply, there is huge amount of potential shorters and huge amount of longs that are in loss! After short squeeze, we could easily see long squeeze but this time it can be even worse!
https://cointelegraph.com/news/crypto-markets-see-green-amid-talk-of-forced-short-squeeze-on-bitmex
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Cointelegraph
Crypto Markets See Green Amid Talk of ‘Forced Short Squeeze’ on BitMEX
The crypto markets are seeing a second flush of green, with virtually all of the major cryptocurrencies seeing solid growth on the day, Bitcoin circling $6,700.
If you are short, this is the most bearish candle you can dream off! If we close like around this price with this candle, low bollinger band is going to be tested in our opinion!
https://www.tradingview.com/x/76cBSWl6/
We are still waiting for ETF decision! It should be very soon! This drop is maybe sign that decision is negative and whales are dumping and opening shorts before official statement! You have to know that guys with millions have their sources everywhere and they will always have information before you! You can't compete with them, you can only try to predict their moves!
https://www.tradingview.com/x/76cBSWl6/
We are still waiting for ETF decision! It should be very soon! This drop is maybe sign that decision is negative and whales are dumping and opening shorts before official statement! You have to know that guys with millions have their sources everywhere and they will always have information before you! You can't compete with them, you can only try to predict their moves!
It wasnt some bullwhale, it was obviously BitMex saving themselves from making their company die
Then BitMex has a coordinated ddos (distributed denial of service attack) which shuts down the site and price dumps trapping longers underwater
And all of this a few hours before the ETF denial will happen. BitMex know just like most ppl know that the ETF will be denied. Shorts already at ATH with an almost guranteed dump after the ETF denial would mean BitMex has to take money from their own insurance fund since majority of positions (shorts) are in profit which i would guess they don’t want. So therefore they removed a big part of shorts from the markets and made them scared + removed longers and made them scared so that people would be scared of trading the ETF news.
https://www.ccn.com/bitmex-downtime-crypto-pump-manipulation-in-the-bitcoin-market/
Then BitMex has a coordinated ddos (distributed denial of service attack) which shuts down the site and price dumps trapping longers underwater
And all of this a few hours before the ETF denial will happen. BitMex know just like most ppl know that the ETF will be denied. Shorts already at ATH with an almost guranteed dump after the ETF denial would mean BitMex has to take money from their own insurance fund since majority of positions (shorts) are in profit which i would guess they don’t want. So therefore they removed a big part of shorts from the markets and made them scared + removed longers and made them scared so that people would be scared of trading the ETF news.
https://www.ccn.com/bitmex-downtime-crypto-pump-manipulation-in-the-bitcoin-market/
Market Update
It is August 23rd, 2018! BTC dominance is currently at 53.3% (+ 0.2%). Total market cap is currently at $208.6 billion (- $8.3 billion). The volume of last 24h was $11.4 billion (- $0.7 billion)!
The U.S. Securities and Exchange Commission (SEC) has rejected a total of nine applications to list and trade various Bitcoin (BTC) exchange-traded funds (ETFs) from three different applicants, according to a three separate orders published by the SEC yesterday, August 22.
The SEC has now rejected a further seven proposed ETFs alongside the ProShares pair –– these being five further proposed ETFs from Direxion , also for listing on NYSE Arca –– and two proposals from GraniteShares , for listing on CBOE.
Someone will say that this is negative for Bitcoin but maybe there is another side of story! SEC rejected all these application in one single day! It was expected to see rejection for ProShares but decision for other 2 was not expected to come together with ProShares! Those who wanted to short, they shorted! That's why we didnt see drop that was expected! One more reason why we suggested to short the rumor and close the news!
What is potential outcome of this rejection! Are we going up or down?
Well, we are not so bearish and here you are the reason! We got rejected, but price didnt drop! The confirmation of strategy buy the rumor sell the news! Something like hardfork or airdrop news! What does happen after the news? REVERSAL!
In our opinion it is great that Direxion and GraniteShares got rejected together with ProShares because we do not have now potential bad news in upcoming 2-3 weeks at least from SEC about ETF.
Now, we are all waiting for September 30th and SEC decision about VanEck and crypto startup SolidX . The is big probability that VanEck money management firm will receive the first nod of approval from the SEC to host a Bitcoin ETF. VanEck, along with crypto startup SolidX, would offer their ETF product with physically backed Bitcoin which differentiates their offering form anyone else currently in the application process.
With all this said, we are not bearish as we were on BTC. Our short position that was opened at 6700 is fully closed in area between 6250 and 6400. The profit is secured and now we are waiting for next entry! We will be focused mostly to find long entry because every hour we stay at this price level will be positive sign for potential uptrend! The reason is simple! ETF decision was published, price didnt drop! Number of shorts is at all time high so in this market condition we wont short BTC! If we get some major negative news, we will look for short entries otherwise our focus at the moment is to look for long entries!
https://cointelegraph.com/news/sec-rejects-9-bitcoin-etf-applications-from-proshares-direxion-and-graniteshares
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It is August 23rd, 2018! BTC dominance is currently at 53.3% (+ 0.2%). Total market cap is currently at $208.6 billion (- $8.3 billion). The volume of last 24h was $11.4 billion (- $0.7 billion)!
The U.S. Securities and Exchange Commission (SEC) has rejected a total of nine applications to list and trade various Bitcoin (BTC) exchange-traded funds (ETFs) from three different applicants, according to a three separate orders published by the SEC yesterday, August 22.
The SEC has now rejected a further seven proposed ETFs alongside the ProShares pair –– these being five further proposed ETFs from Direxion , also for listing on NYSE Arca –– and two proposals from GraniteShares , for listing on CBOE.
Someone will say that this is negative for Bitcoin but maybe there is another side of story! SEC rejected all these application in one single day! It was expected to see rejection for ProShares but decision for other 2 was not expected to come together with ProShares! Those who wanted to short, they shorted! That's why we didnt see drop that was expected! One more reason why we suggested to short the rumor and close the news!
What is potential outcome of this rejection! Are we going up or down?
Well, we are not so bearish and here you are the reason! We got rejected, but price didnt drop! The confirmation of strategy buy the rumor sell the news! Something like hardfork or airdrop news! What does happen after the news? REVERSAL!
In our opinion it is great that Direxion and GraniteShares got rejected together with ProShares because we do not have now potential bad news in upcoming 2-3 weeks at least from SEC about ETF.
Now, we are all waiting for September 30th and SEC decision about VanEck and crypto startup SolidX . The is big probability that VanEck money management firm will receive the first nod of approval from the SEC to host a Bitcoin ETF. VanEck, along with crypto startup SolidX, would offer their ETF product with physically backed Bitcoin which differentiates their offering form anyone else currently in the application process.
With all this said, we are not bearish as we were on BTC. Our short position that was opened at 6700 is fully closed in area between 6250 and 6400. The profit is secured and now we are waiting for next entry! We will be focused mostly to find long entry because every hour we stay at this price level will be positive sign for potential uptrend! The reason is simple! ETF decision was published, price didnt drop! Number of shorts is at all time high so in this market condition we wont short BTC! If we get some major negative news, we will look for short entries otherwise our focus at the moment is to look for long entries!
https://cointelegraph.com/news/sec-rejects-9-bitcoin-etf-applications-from-proshares-direxion-and-graniteshares
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
Cointelegraph
SEC Rejects 9 Bitcoin ETF Applications from ProShares, Direxion and GraniteShares
The U.S. Securities and Exchange Commission has rejected a total of nine applications to list and trade various Bitcoin ETFs from three applicants.
Market Update
It is August 24th, 2018! BTC dominance is currently at 53.3% (+0.0%). Total market cap is currently at $212.2 billion (+ $3.6 billion). The volume of last 24h was $10.3 billion ( -1.1% billion).
After 2 extra volatile days, days full of pumps and dumps, we are slowing down! The total market cap is growing but the trading volume is dropping so the interest is going down! It was expected because the market is still uncertain and most of traders want to stay safe and wait for trending market!
The market sentiment is neutral! We are getting positive and negative news together but nothing major so far! We got post from Cointelegraph ( Link: https://cointelegraph.com/news/cnbcs-analyst-brian-kelly-says-bitcoin-etf-approval-likely-by-february-2019 ) that says that ETF approval likely by February 2019. In my opinon it is just an opinon of an analyst! It may be true but it might not! My opinion is that is is likely to be true because if we see ETF in September, price will grow up to $10k and in my opinion it wont be healthy uptrend because of not touching magic level of 4-5k that was called by every analyst!
An ETF is a type of mutual investment fund that divides ownership of a commodity, derivative, index, or basket of assets, into shares. The fund tracks the value of the underlying asset(s) and is traded on exchanges, with shareholders ennoscriptd to any positive returns.
Today we tried to chart XBTUSD on trading view but we saw this: https://www.tradingview.com/x/beYGkfWu/
What is the reason behind this? Pump? Manipulation? Whales?
Well, who knows! Here is the official statement from Bitmex:
" The $7000 and $8000 price wicks on XBTUSD are erroneous, caused by an order that printed on the feed at its limit price and not its execution price. Trading is still normal and will continue, and the market reporting bug is being fixed. Those wicks will be removed from the chart. No Bitcoin was lost and the trading engine team is confident this will not compromise the integrity of the system. "
We are not suggesting trading at the moment. If you check this chart: https://www.tradingview.com/x/EHCa0sBx , the reason will be very clear! The market is in ranging phase and until we see some major breakout or breakdown, I am not suggesting taking any action! If you miss first move, it is not a problem, there will be a lot of reentry chances!
Few days ago I was on meeting with a guy that is making miracles in trading! He is 90% focused on forex for years but he is checking crypto too. When you enter his trading room it is like science fiction! Charts are everywhere, 10+ monitors and whole trading set up worth $450k+.
I just wanted to get an opinion from him about BTC price and his opinion is very positive! He does think that price has to reach 4-5k area but after that we will see $25k area very soon after 2 major news! Just sharing opinon from people that achieved big things in trading so their opinion has some value for sure! Time will show what is actually going to happen!
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
It is August 24th, 2018! BTC dominance is currently at 53.3% (+0.0%). Total market cap is currently at $212.2 billion (+ $3.6 billion). The volume of last 24h was $10.3 billion ( -1.1% billion).
After 2 extra volatile days, days full of pumps and dumps, we are slowing down! The total market cap is growing but the trading volume is dropping so the interest is going down! It was expected because the market is still uncertain and most of traders want to stay safe and wait for trending market!
The market sentiment is neutral! We are getting positive and negative news together but nothing major so far! We got post from Cointelegraph ( Link: https://cointelegraph.com/news/cnbcs-analyst-brian-kelly-says-bitcoin-etf-approval-likely-by-february-2019 ) that says that ETF approval likely by February 2019. In my opinon it is just an opinon of an analyst! It may be true but it might not! My opinion is that is is likely to be true because if we see ETF in September, price will grow up to $10k and in my opinion it wont be healthy uptrend because of not touching magic level of 4-5k that was called by every analyst!
An ETF is a type of mutual investment fund that divides ownership of a commodity, derivative, index, or basket of assets, into shares. The fund tracks the value of the underlying asset(s) and is traded on exchanges, with shareholders ennoscriptd to any positive returns.
Today we tried to chart XBTUSD on trading view but we saw this: https://www.tradingview.com/x/beYGkfWu/
What is the reason behind this? Pump? Manipulation? Whales?
Well, who knows! Here is the official statement from Bitmex:
" The $7000 and $8000 price wicks on XBTUSD are erroneous, caused by an order that printed on the feed at its limit price and not its execution price. Trading is still normal and will continue, and the market reporting bug is being fixed. Those wicks will be removed from the chart. No Bitcoin was lost and the trading engine team is confident this will not compromise the integrity of the system. "
We are not suggesting trading at the moment. If you check this chart: https://www.tradingview.com/x/EHCa0sBx , the reason will be very clear! The market is in ranging phase and until we see some major breakout or breakdown, I am not suggesting taking any action! If you miss first move, it is not a problem, there will be a lot of reentry chances!
Few days ago I was on meeting with a guy that is making miracles in trading! He is 90% focused on forex for years but he is checking crypto too. When you enter his trading room it is like science fiction! Charts are everywhere, 10+ monitors and whole trading set up worth $450k+.
I just wanted to get an opinion from him about BTC price and his opinion is very positive! He does think that price has to reach 4-5k area but after that we will see $25k area very soon after 2 major news! Just sharing opinon from people that achieved big things in trading so their opinion has some value for sure! Time will show what is actually going to happen!
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
Cointelegraph
CNBC's Analyst Brian Kelly Says Bitcoin ETF Approval Likely by February 2019
CNBC analyst Brian Kelly has predicted that approval of a Bitcoin ETF will “likeliest” and “earliest” come in February 2019.
" The anonymous investor, who received more than 314,000 ETH from the network’s Genesis block as a result of their investments in the Ethereum initial coin offering (ICO), has this week funneled approximately 20,000 ETH to Bitfinex, worth approximately $5.5 million at the time of writing. "
https://www.ccn.com/an-ethereum-ico-investor-is-moving-millions-in-eth-to-bitfinex/
https://www.ccn.com/an-ethereum-ico-investor-is-moving-millions-in-eth-to-bitfinex/
CCN
An Ethereum ICO Investor is Moving Millions in ETH to Bitfinex
One of the first “ethereum whales” appears to be having second thoughts about the second-largest cryptocurrency’s prospects.
" According to a notice dated Aug. 23 and attributed to Mt. Gox trustee Nobuaki Kobayashi, the company has opened an online claim filing system so that creditors can begin registering claims on the funds that they lost when the exchange, once the dominant bitcoin trading platform, became insolvent in 2014. Creditors can also fill out claim forms offline and submit them through the mail. "
https://www.ccn.com/mt-gox-estate-begins-accepting-claims-from-bitcoin-creditors/
https://www.ccn.com/mt-gox-estate-begins-accepting-claims-from-bitcoin-creditors/
CCN
Mt Gox Estate Begins Accepting Claims from Bitcoin Creditors
Creditors of infamous bitcoin exchange Mt. Gox may finally get their money back, or at least some of it, anyway, as the exchange is now accepting claims.
Market Update
It is August 25th, 2018! BTC dominance is currently at 53.6% (+0.3%). Total market cap is currently at $215.4 billion (+ $3.2 billion). The volume of last 24h was $12.1 billion (+ 1.8 billion).
The increase in volume is sign that market is coming back and some good moves are possible. Increase in volume are mostly sign of accumulation!
Today, we are going to cover technical analysis of BTC. The fundamental analysis is almost the same as yesterday! We had article on cointelegraph that say that ETF is going to review the rejection of nine bitcoin ETF applications ( More on this link: https://cointelegraph.com/news/us-sec-to-review-rejection-of-nine-bitcoin-etf-applications )!
They said that they are going to review it but it doesnt mean that the decision will be changed! Doing this, SEC created in our opinion fake positivity in market and what is even worse they didnt announce any date! So, they created fake positivity that could be easily manipulated. Last decision on August 23rd was very popular! Everyone wanted to get info before anyone else! The majority expected rejection so most of them shorted even before decision! That's why that decision didnt impact the market too much. At the moment, we have positive sentiment but if they say that they are not going to change opinion, price will drop again!
Technical analysis show that we are still in rising channel (could be rising wedge too).
Link: https://www.tradingview.com/x/nejG580n
It didnt close above top bollinger band h4 so it didnt make upward momentum! The volume is decreasing so there is big posibility that this is accumulation and that will result by big drop!
My team is looking for confirmation to open big short position! As long as we don't get confirmation of upward momentum, downward momentum will stay alive!
H1 time frame show us great example of rising wedge: https://www.tradingview.com/x/dxetyzwf.
Now we are looking for h1 time frame to confirm downward momentum and we are going to open big short position!
https://www.tradingview.com/x/ZD2P72TB
We are not opening short without confirmation! If H1 doesn't close above top bollinger band, we may talk about short as a scalp! If price closes below mid boolinger band with solid volume, we may talk about short as a big swing!
Target of swing position is low bollinger band on weekly time frame (currently at 5200). It wont happen overnight but it is final target of potential downtrend! We are waiting for cofnirmation! Once we get confirmation we will open position, place stop loss and wait for action!
Once we get confirmation, we will let you know!
Stay tuned!
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
Best regards, CS Team!
It is August 25th, 2018! BTC dominance is currently at 53.6% (+0.3%). Total market cap is currently at $215.4 billion (+ $3.2 billion). The volume of last 24h was $12.1 billion (+ 1.8 billion).
The increase in volume is sign that market is coming back and some good moves are possible. Increase in volume are mostly sign of accumulation!
Today, we are going to cover technical analysis of BTC. The fundamental analysis is almost the same as yesterday! We had article on cointelegraph that say that ETF is going to review the rejection of nine bitcoin ETF applications ( More on this link: https://cointelegraph.com/news/us-sec-to-review-rejection-of-nine-bitcoin-etf-applications )!
They said that they are going to review it but it doesnt mean that the decision will be changed! Doing this, SEC created in our opinion fake positivity in market and what is even worse they didnt announce any date! So, they created fake positivity that could be easily manipulated. Last decision on August 23rd was very popular! Everyone wanted to get info before anyone else! The majority expected rejection so most of them shorted even before decision! That's why that decision didnt impact the market too much. At the moment, we have positive sentiment but if they say that they are not going to change opinion, price will drop again!
Technical analysis show that we are still in rising channel (could be rising wedge too).
Link: https://www.tradingview.com/x/nejG580n
It didnt close above top bollinger band h4 so it didnt make upward momentum! The volume is decreasing so there is big posibility that this is accumulation and that will result by big drop!
My team is looking for confirmation to open big short position! As long as we don't get confirmation of upward momentum, downward momentum will stay alive!
H1 time frame show us great example of rising wedge: https://www.tradingview.com/x/dxetyzwf.
Now we are looking for h1 time frame to confirm downward momentum and we are going to open big short position!
https://www.tradingview.com/x/ZD2P72TB
We are not opening short without confirmation! If H1 doesn't close above top bollinger band, we may talk about short as a scalp! If price closes below mid boolinger band with solid volume, we may talk about short as a big swing!
Target of swing position is low bollinger band on weekly time frame (currently at 5200). It wont happen overnight but it is final target of potential downtrend! We are waiting for cofnirmation! Once we get confirmation we will open position, place stop loss and wait for action!
Once we get confirmation, we will let you know!
Stay tuned!
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
Best regards, CS Team!
Cointelegraph
US SEC to Review Rejection of Nine Bitcoin ETF Applications
The U.S. SEC will review its decision to reject nine applications to list and trade various Bitcoin ETFs from three companies.
Market Update
It is August 26th, 2018. BTC Dominance is currently at 53.7% (+0.1%). Total market cap is currently at $212.7 billion (- $2.6 billion). The volume of last 24h was $9.3 billion (-$2.8 billion).
BTC tried to break $6800 area of resistance and failed both time. Now it is currently trading at $6590. I won't say I told you but check or last post and it will be clear what was our opinion on BTC!
Now, oue team is waiting for potential pullback to mid bollinber band m15 or h1 to take new short position!
In crypto at the moment even the fact that more than $500 million Tether (USDT) were printed in August doesn't help too much!
(More on the link: https://cointelegraph.com/news/bloomberg-more-than-500-mln-tether-issued-in-august-is-not-impacting-crypto-markets )
In the article, Bloomberg noted that the allegations that Tether has been used to manipulate or stabilize the price of Bitcoin (BTC) — previously put forward in a paper from the University of Texas — are not holding true for the crypto markets this August.
In current market, every pump should be considered as a better opportunity for shorting! Until we change market sentiment, I do not expect test of local high ($8.5k) in near future! Near future means at least 3-4 weeks!
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
Best regards, CS Team!
It is August 26th, 2018. BTC Dominance is currently at 53.7% (+0.1%). Total market cap is currently at $212.7 billion (- $2.6 billion). The volume of last 24h was $9.3 billion (-$2.8 billion).
BTC tried to break $6800 area of resistance and failed both time. Now it is currently trading at $6590. I won't say I told you but check or last post and it will be clear what was our opinion on BTC!
Now, oue team is waiting for potential pullback to mid bollinber band m15 or h1 to take new short position!
In crypto at the moment even the fact that more than $500 million Tether (USDT) were printed in August doesn't help too much!
(More on the link: https://cointelegraph.com/news/bloomberg-more-than-500-mln-tether-issued-in-august-is-not-impacting-crypto-markets )
In the article, Bloomberg noted that the allegations that Tether has been used to manipulate or stabilize the price of Bitcoin (BTC) — previously put forward in a paper from the University of Texas — are not holding true for the crypto markets this August.
In current market, every pump should be considered as a better opportunity for shorting! Until we change market sentiment, I do not expect test of local high ($8.5k) in near future! Near future means at least 3-4 weeks!
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
Best regards, CS Team!
Cointelegraph
Bloomberg: More Than $500 Mln Tether Issued in August Is Not Impacting Crypto Markets
Bloomberg reports that Tether is not currently affecting crypto markets, after previously accusing USDT of BTC price manipulation.
Margin signal
BTC
Type of position: Short
Entry price: 6680-6720!
Stop loss price: 6805
Targets:
1) 6580
2) 6450
3) 6380
Exchange: Bitmex
Good luck, CS Team!
BTC
Type of position: Short
Entry price: 6680-6720!
Stop loss price: 6805
Targets:
1) 6580
2) 6450
3) 6380
Exchange: Bitmex
Good luck, CS Team!
August 26th, 2018
The news for crypto:
-What does institutional money want in crypto? https://medium.com/@cosmonautcalls/institutional-money-the-end-goal-2dd8a096a16
-Philipipines, Korea and Thailand to become the next silicon valleys for crypto? https://www.ccn.com/philippines-korea-and-thailand-move-to-create-the-next-crypto-valley/
-Banks Continue to freeze accounts for using Bitcoin. https://news.bitcoin.com/banks-freeze-companys-accounts-after-owner-traded-on-localbitcoins/
-More and more politician coming out in support for Bitcoin, now Tulsi Gabbard admits she has invested! https://www.btcnn.com/tulsi-gabbard-first-us-congresswoman-to-admit-on-investing-crypto/
The news for crypto:
-What does institutional money want in crypto? https://medium.com/@cosmonautcalls/institutional-money-the-end-goal-2dd8a096a16
-Philipipines, Korea and Thailand to become the next silicon valleys for crypto? https://www.ccn.com/philippines-korea-and-thailand-move-to-create-the-next-crypto-valley/
-Banks Continue to freeze accounts for using Bitcoin. https://news.bitcoin.com/banks-freeze-companys-accounts-after-owner-traded-on-localbitcoins/
-More and more politician coming out in support for Bitcoin, now Tulsi Gabbard admits she has invested! https://www.btcnn.com/tulsi-gabbard-first-us-congresswoman-to-admit-on-investing-crypto/
Medium
Institutional money: The end goal
Institutional money is all the hype these days and I can’t blame the people that keep peddling the idea that institutional money will save…
The Head of Research at Fundstrat Global Advisors has said that he “still think[s] it’s possible” that Bitcoin’s price could surge to as high as $25,000 this year. Lee has based this assumption on the relationship between the price of BTC and BlackRock’s iShares MSCI Emerging Markets exchange-traded fund (ETF), which tracks large and mid-sized companies in emerging markets.
https://cointelegraph.com/news/fundstrats-tom-lee-correlation-between-btc-and-emerging-markets-is-sign-of-upcoming-trend-reversal
https://cointelegraph.com/news/fundstrats-tom-lee-correlation-between-btc-and-emerging-markets-is-sign-of-upcoming-trend-reversal
Cointelegraph
Fundstrat’s Tom Lee: ‘Correlation’ Between BTC and Emerging Markets Is Sign of Upcoming Trend Reversal
According to Lee, the “tide is changing” for both Bitcoin and emerging markets, following a prolonged downtrend.
Market Update
It is August 27th, 2018! BTC dominance is currently at 53.3% (-0.4%). Total market cap is currently at $218 billion (+ $5.3 billion). The volume of last 24h was $10.1 billion (+ $0.8 bilion).
We saw decrease in BTC dominance and increase in total market cap! The alts increased in price while BTC is still ranging in area between 6600 and 6700.
Here you are very good recap on the crypto market made by Cointelegraph: https://www.youtube.com/watch?time_continue=347&v=rMLrHI2MXTY
But, this recap is just for informational purpose! Do not trade based on this because it is obviously what they are trying to make! Not only ETF, but other news too! Why is the noscript of this article " The chances of and ETF hapenning are 100% "? Because it is going to happen but the question is when! They are now reviewing rejected applications but chances for changing their decision is almost zero.
In the near future, the only chance for getting an ETF has application filled by VanEck and crypto startup Solidx .
The decision about this application will be published on September 30th and it is very easy to calculate that we have almost 5 weeks until that date! It is very hard to keep hype alive for even week or 2! To expect to see uptrend from this point that will last 4-5 weeks because of an ETF is not realistic!
The hype may start around September 10th-15th! I do not expect anytime sooner! The purpose of all these positive news is to create bullish sentiment, to lower the number of shorts, to increase number of longs, to create double pressure and with one single news to crash BTC to 6k area again!
The technical analysis
Weekly chart :https://www.tradingview.com/x/Z50jhOUI/
It shows us rejection from important EMAs and mid bollinger band! Why these lines are important?
The majority of trading softwares (bots) are using these lines because for them it is very easy to calculate them and make strategy based on their value! If bots are against you, it will be very hard to beat them!
On the other side, all 3 bands are pointing down so downward mometum is currently active! To invalidate this, we need to see close above mid bollinger band or to see visit of low bollinger band and rejection at that level! One of these 2 things will happen for sure, the question is which one!
On the weekly chart, 5k area doesnt look impossible at all and of we see next weekly candle opening around this price or lower, the lower bollinger band can enter 4k area! So, if we do not see some major events and news, BTC can easily reach 4k area but because of all these potentially big bullish news, I do not think it will spend there too mcuh time!
Daily chart: https://www.tradingview.com/x/zBBsYPbg/
It got rejected 3 times by top bollinger band so downward momentum is still active!
Hourly chart: https://www.tradingview.com/x/kxUOnS2c/
It is struggling to make upward momentum so our short signal is still active!
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
Best regards, CS Team!
It is August 27th, 2018! BTC dominance is currently at 53.3% (-0.4%). Total market cap is currently at $218 billion (+ $5.3 billion). The volume of last 24h was $10.1 billion (+ $0.8 bilion).
We saw decrease in BTC dominance and increase in total market cap! The alts increased in price while BTC is still ranging in area between 6600 and 6700.
Here you are very good recap on the crypto market made by Cointelegraph: https://www.youtube.com/watch?time_continue=347&v=rMLrHI2MXTY
But, this recap is just for informational purpose! Do not trade based on this because it is obviously what they are trying to make! Not only ETF, but other news too! Why is the noscript of this article " The chances of and ETF hapenning are 100% "? Because it is going to happen but the question is when! They are now reviewing rejected applications but chances for changing their decision is almost zero.
In the near future, the only chance for getting an ETF has application filled by VanEck and crypto startup Solidx .
The decision about this application will be published on September 30th and it is very easy to calculate that we have almost 5 weeks until that date! It is very hard to keep hype alive for even week or 2! To expect to see uptrend from this point that will last 4-5 weeks because of an ETF is not realistic!
The hype may start around September 10th-15th! I do not expect anytime sooner! The purpose of all these positive news is to create bullish sentiment, to lower the number of shorts, to increase number of longs, to create double pressure and with one single news to crash BTC to 6k area again!
The technical analysis
Weekly chart :https://www.tradingview.com/x/Z50jhOUI/
It shows us rejection from important EMAs and mid bollinger band! Why these lines are important?
The majority of trading softwares (bots) are using these lines because for them it is very easy to calculate them and make strategy based on their value! If bots are against you, it will be very hard to beat them!
On the other side, all 3 bands are pointing down so downward mometum is currently active! To invalidate this, we need to see close above mid bollinger band or to see visit of low bollinger band and rejection at that level! One of these 2 things will happen for sure, the question is which one!
On the weekly chart, 5k area doesnt look impossible at all and of we see next weekly candle opening around this price or lower, the lower bollinger band can enter 4k area! So, if we do not see some major events and news, BTC can easily reach 4k area but because of all these potentially big bullish news, I do not think it will spend there too mcuh time!
Daily chart: https://www.tradingview.com/x/zBBsYPbg/
It got rejected 3 times by top bollinger band so downward momentum is still active!
Hourly chart: https://www.tradingview.com/x/kxUOnS2c/
It is struggling to make upward momentum so our short signal is still active!
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
Best regards, CS Team!
YouTube
Tom Lee: 'the chances of an ETF happening are 100%' | Hodler's Digest
Hodler’s Digest August 19-26 Subscribe to Cointelegraph: https://goo.gl/JhmfdU SEC May Make U-Turn on Bitcoin ETF Rejections, While India and China Crack Dow...
August 27th, 2018
The crypto news:
-Exploit in EOS that could leave exchanges vulnerable! https://www.reddit.com/r/CryptoCurrency/comments/9alg25/a_potential_eos_exploit_and_large_exchanges_may/
-Crypto bans in China do not phase crypto enthusiasts like the government expected: https://www.chepicap.com/en/news/3218/the-chinese-crypto-community-doesn-t-seem-to-be-bothered-by-the-ban.html
-Exchanges faking their numbers to appear more legitimate, the new exchange scam https://www.chepicap.com/en/news/3200/the-sirens-of-crypto-wash-trading-epidemic-continues-with-6b-in-false-volume.html
The crypto news:
-Exploit in EOS that could leave exchanges vulnerable! https://www.reddit.com/r/CryptoCurrency/comments/9alg25/a_potential_eos_exploit_and_large_exchanges_may/
-Crypto bans in China do not phase crypto enthusiasts like the government expected: https://www.chepicap.com/en/news/3218/the-chinese-crypto-community-doesn-t-seem-to-be-bothered-by-the-ban.html
-Exchanges faking their numbers to appear more legitimate, the new exchange scam https://www.chepicap.com/en/news/3200/the-sirens-of-crypto-wash-trading-epidemic-continues-with-6b-in-false-volume.html
reddit
r/CryptoCurrency - A potential EOS exploit and large exchanges may still be vulnerable.
135 votes and 58 comments so far on Reddit