Excellent explanation on Bakkt and why it's more critical than ETFs
https://twitter.com/Ironwood_RG/status/1034513723753414656?s=20
https://twitter.com/Ironwood_RG/status/1034513723753414656?s=20
Twitter
Ironwood Research Group
Excerpt from this week's @ironwood_rg's Not Financial Advice Show #podcast. The team reviews @Bakkt. If you are not familiar with #Bakkt check out the segment and learn why it's bigger than ETFs. #bitcoin #bullish #ETFs https://t.co/DsNKEEUJQG
Market Update
It is August 29t, 2018! BTC dominance is currently at 52.8% (-0.2%). Total market cap is currently at $230.5 billion (+ $5.5 billion). The volume of last 24h was $13.4 billion (+ $0.9 billion).
The market cap is growing step by step, in average $5-10 billion per day! The very important area that will give us a lot of answers about the strength of this trend is area around $250 billion. This area was very strong support for months until it got broken. So, previous support could turn into the ressitance!
The technical analysis
After yesterday's uptrend, we are now consolidating in area between $7000 and $7100. In this week, I think we should see test of $7400 area as I said because it is very important area on weekly chart! Currently, it is showing some weakness so we may see dump to 6900-7000 area but after that dump we are probably going to see at lest on more leg up!
The fundamental analysis
In last 24 hours, we didnt see any major news about regulation and things that are popular and very important at the moment!
The news that could be important is this shared by ccn:
" Russia May Unban Telegram…if it Shares Encryption Keys with the FSB "
https://www.ccn.com/russia-may-unban-telegram-if-it-shares-encryption-keys-with-the-fsb/
Also, the news shared by Cointelegraph proves that crypto is getting ready for mainstream adoption:
" Coinbase Research: 42% of Top 50 Universities Offer at Least One Crypto-Related Class "
https://cointelegraph.com/news/coinbase-research-42-of-top-50-universities-offer-at-least-one-crypto-related-class
We have our short and long setups ready! Once we get confirmation, we are going to share the signal with you! At the moment, we have only scalp opportunities and scalps are shared only in our paid channel!
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 29t, 2018! BTC dominance is currently at 52.8% (-0.2%). Total market cap is currently at $230.5 billion (+ $5.5 billion). The volume of last 24h was $13.4 billion (+ $0.9 billion).
The market cap is growing step by step, in average $5-10 billion per day! The very important area that will give us a lot of answers about the strength of this trend is area around $250 billion. This area was very strong support for months until it got broken. So, previous support could turn into the ressitance!
The technical analysis
After yesterday's uptrend, we are now consolidating in area between $7000 and $7100. In this week, I think we should see test of $7400 area as I said because it is very important area on weekly chart! Currently, it is showing some weakness so we may see dump to 6900-7000 area but after that dump we are probably going to see at lest on more leg up!
The fundamental analysis
In last 24 hours, we didnt see any major news about regulation and things that are popular and very important at the moment!
The news that could be important is this shared by ccn:
" Russia May Unban Telegram…if it Shares Encryption Keys with the FSB "
https://www.ccn.com/russia-may-unban-telegram-if-it-shares-encryption-keys-with-the-fsb/
Also, the news shared by Cointelegraph proves that crypto is getting ready for mainstream adoption:
" Coinbase Research: 42% of Top 50 Universities Offer at Least One Crypto-Related Class "
https://cointelegraph.com/news/coinbase-research-42-of-top-50-universities-offer-at-least-one-crypto-related-class
We have our short and long setups ready! Once we get confirmation, we are going to share the signal with you! At the moment, we have only scalp opportunities and scalps are shared only in our paid channel!
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
CCN.com
Russia May Unban Telegram...if it Shares Encryption Keys with the FSB
Russia’s telecom watchdog said that it may reverese the ban on Telegram if the company shares its encryption keys with federal law enforcement.
Crypto Signals
BTC Long/Short update! Long : https://www.tradingview.com/x/iEPDnCaH/ Short: https://www.tradingview.com/x/yQgzt9jt/ Very interesting charts! Both are showing potential correction! Shorts are at the all time high but longs are not so bad too! Longs are…
BTC Long/Short update!
Long: https://www.tradingview.com/x/z6qvLmm3/
Short: https://www.tradingview.com/x/WVaY8hq7/
So far, it is following our prediction! The fact that number of shorts dropped around 25%, number of longs dropped 8-10% and price pumped around 5% confirms our theory that 7400 could be the max for this move.
We lost a lot of shorts but price didnt pump too much! It will be now much harder to see short squeeze, almost impossible! The number of longs is dropping too and the reason for that is booking profit on longs opened around 6500!
Expecting to see drop in short positions 10% more and then shorts will have a lot of space to grow to new ATH if BTC is willing to reach 6k again!
We will keep our eyes on these charts because it can help a lot to get some hidden signs!
Long: https://www.tradingview.com/x/z6qvLmm3/
Short: https://www.tradingview.com/x/WVaY8hq7/
So far, it is following our prediction! The fact that number of shorts dropped around 25%, number of longs dropped 8-10% and price pumped around 5% confirms our theory that 7400 could be the max for this move.
We lost a lot of shorts but price didnt pump too much! It will be now much harder to see short squeeze, almost impossible! The number of longs is dropping too and the reason for that is booking profit on longs opened around 6500!
Expecting to see drop in short positions 10% more and then shorts will have a lot of space to grow to new ATH if BTC is willing to reach 6k again!
We will keep our eyes on these charts because it can help a lot to get some hidden signs!
Important update, please read
The new thing is spreading in channels that telegram blocking channels or deleted channels without reason.
But the truth about that is admin are not telling you the real story behind this because that problem is their self made not by telegram. In past 30 days admins using python noscripts to add members in their channel and grown up significantly like some channels grown up 80k to 170k in just 7 days and another one 120k to 230k it's normal no ofcourse not because they added forcefully members by using their username to make big group and then start doing pumps and started making money but we are not dependent on pumps that's why not doing pumps because already earning thousands of dollars each day and others who are doing pumps not sure about their self Signals and doing pumps because they only have pump to make money but bad things will not last forever and now telegram blocking out their channel because they added members without their permission.
I had same offers but I rejected them! It doesnt matter if you have 200 or 200k members! What matters is the value you provide and number of acctive followers!
Crypto Singals BackUp Channel: https://news.1rj.ru/str/cryptosignalsbackupchannel
We created backup channel in order something happens with our channel! We are almost sure it wont happen but you need plan B! Please join through the link and pin our channel at the top!
Thank you for your support, CS Team!
The new thing is spreading in channels that telegram blocking channels or deleted channels without reason.
But the truth about that is admin are not telling you the real story behind this because that problem is their self made not by telegram. In past 30 days admins using python noscripts to add members in their channel and grown up significantly like some channels grown up 80k to 170k in just 7 days and another one 120k to 230k it's normal no ofcourse not because they added forcefully members by using their username to make big group and then start doing pumps and started making money but we are not dependent on pumps that's why not doing pumps because already earning thousands of dollars each day and others who are doing pumps not sure about their self Signals and doing pumps because they only have pump to make money but bad things will not last forever and now telegram blocking out their channel because they added members without their permission.
I had same offers but I rejected them! It doesnt matter if you have 200 or 200k members! What matters is the value you provide and number of acctive followers!
Crypto Singals BackUp Channel: https://news.1rj.ru/str/cryptosignalsbackupchannel
We created backup channel in order something happens with our channel! We are almost sure it wont happen but you need plan B! Please join through the link and pin our channel at the top!
Thank you for your support, CS Team!
August 29th, 2018
The crypto news:
- ETFs not as important as people think? Bakkt is now the new hype https://www.youtube.com/watch?time_continue=1&v=-D3NmJSKy90
- Iran planning on revoking the CryptoCurrency ban by the end of Q3 (End of September) https://cryptovest.com/news/iran-seen-as-removing-crypto-ban-by-end-september/
-Top 9 mistakes made by traders starting out! https://medium.com/@Valore/we-identified-the-top-9-mistakes-that-new-traders-make-so-that-you-wont-follow-the-same-dreadful-3971d43d7e9
- CIO of JPM & Chase stating that Blockchain will eventually replace current tech. https://www.cryptoglobe.com/latest/2018/08/jpmorgan-chase-cio-blockchain-will-replace-existing-technology/
The crypto news:
- ETFs not as important as people think? Bakkt is now the new hype https://www.youtube.com/watch?time_continue=1&v=-D3NmJSKy90
- Iran planning on revoking the CryptoCurrency ban by the end of Q3 (End of September) https://cryptovest.com/news/iran-seen-as-removing-crypto-ban-by-end-september/
-Top 9 mistakes made by traders starting out! https://medium.com/@Valore/we-identified-the-top-9-mistakes-that-new-traders-make-so-that-you-wont-follow-the-same-dreadful-3971d43d7e9
- CIO of JPM & Chase stating that Blockchain will eventually replace current tech. https://www.cryptoglobe.com/latest/2018/08/jpmorgan-chase-cio-blockchain-will-replace-existing-technology/
Bitcoin Accepted [Everyw]here: Square Wins Patent for Cryptocurrency Payment Network
https://www.ccn.com/bitcoin-accepted-everywhere-square-wins-patent-for-cryptocurrency-payment-network/
https://www.ccn.com/bitcoin-accepted-everywhere-square-wins-patent-for-cryptocurrency-payment-network/
CCN.com
Bitcoin Accepted [Everyw]here: Square Patents Crypto Payment Network
Square has won a patent for a POS system that allows a merchant to accept payment in any currency, including bitcoin or another cryptocurrency.
It is August 30th, 2018! BTC dominance is currently at 53.5% (+0.7%). Total market cap is currently at $223.5 billion (- $8 billion). The volume of last 24h was $13 billion (- $0.4 billion).
Bitcoin price drop caused drop in entire crypto market! Bitcoin dominance raised 0.7% in last 24h what means that BTC drop caused more fear in altcoin market than in BTC market!
Fundamental analysis
- Yahoo Finance Integrates Bitcoin, Ethereum and Litecoin Trading
https://cointelegraph.com/news/yahoo-finance-integrates-bitcoin-ethereum-and-litecoin-trading
- Report: EU to Discuss Further Crypto Regulation Amid Concerns About Lack of Transparency
https://cointelegraph.com/news/report-eu-to-discuss-further-crypto-regulation-amid-concerns-about-lack-of-transparency
The fundamental of the crypto market at the moment is very neutral! We have a lot of bullish and bearish news but nothing too big to cause change in the price trend! Yesterday's drop was caused by technical not fundamental reasons! Most of that drop was made by auto-trading!
What I want you to keep in mind is SEC decision about 9 ETF applications! They did this on purpose! Now, we do not know anything about that! New decision can be published anytime and probably it will cause the price to go up or down! Less we know, better and easier for them to manipulate the market!
I personally do not see any reason why would SEC change decision about these 9 applications! I think we need more serious application in order to expect approval! So, probably they are waiting to see how high price can go to dump it with new article that is probably going to be negative!
Technical Analysis
Daily chart : https://www.tradingview.com/x/2dKKxihJ/
Yesterday's daily candle closed very bearish so this drop was expected! Now, this candle looks very bearish but we have more than 12 hours before close of this candle so this could be bear trao easily and few hours before close small pump of $50-100 can change the meaning of this candle a lot. That's why we are trying to find out the direction of the upcoming move on lower time frames!
4h chart : https://www.tradingview.com/x/GGy6naoD/
On this chart I marked 4 very important areas!
The blue area at the bottom is area that should hold out if bulls want to see uptrend! closing below this area will be very bearish sign!
The green area is the area of intereste! We saw a lot of action in this area and this could be potentially great long entry area!
The red area is current resistance! That area was resistance in the past and so far it is holding price below!
The upper green area is potential long target! I do not think we will go above this area in near future! Big things should happen if we want to break this area!
Hourly chart : https://www.tradingview.com/x/lFnWRjVf/
This is the time frame we are using for our decision to enter the trade or not! At the moment it is testing potential long area but I will think to long only if we break red area! Until we are below red area I will think more about shorts! Long will come in play after we break red area! Then I will wait for pullback and if pullback show bullish signs, I will jump into long position!
So, these moves are still considered as scalps and we are waiting for swing entry! Once we find great entry for swing, we are going to share with you! 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
Bitcoin price drop caused drop in entire crypto market! Bitcoin dominance raised 0.7% in last 24h what means that BTC drop caused more fear in altcoin market than in BTC market!
Fundamental analysis
- Yahoo Finance Integrates Bitcoin, Ethereum and Litecoin Trading
https://cointelegraph.com/news/yahoo-finance-integrates-bitcoin-ethereum-and-litecoin-trading
- Report: EU to Discuss Further Crypto Regulation Amid Concerns About Lack of Transparency
https://cointelegraph.com/news/report-eu-to-discuss-further-crypto-regulation-amid-concerns-about-lack-of-transparency
The fundamental of the crypto market at the moment is very neutral! We have a lot of bullish and bearish news but nothing too big to cause change in the price trend! Yesterday's drop was caused by technical not fundamental reasons! Most of that drop was made by auto-trading!
What I want you to keep in mind is SEC decision about 9 ETF applications! They did this on purpose! Now, we do not know anything about that! New decision can be published anytime and probably it will cause the price to go up or down! Less we know, better and easier for them to manipulate the market!
I personally do not see any reason why would SEC change decision about these 9 applications! I think we need more serious application in order to expect approval! So, probably they are waiting to see how high price can go to dump it with new article that is probably going to be negative!
Technical Analysis
Daily chart : https://www.tradingview.com/x/2dKKxihJ/
Yesterday's daily candle closed very bearish so this drop was expected! Now, this candle looks very bearish but we have more than 12 hours before close of this candle so this could be bear trao easily and few hours before close small pump of $50-100 can change the meaning of this candle a lot. That's why we are trying to find out the direction of the upcoming move on lower time frames!
4h chart : https://www.tradingview.com/x/GGy6naoD/
On this chart I marked 4 very important areas!
The blue area at the bottom is area that should hold out if bulls want to see uptrend! closing below this area will be very bearish sign!
The green area is the area of intereste! We saw a lot of action in this area and this could be potentially great long entry area!
The red area is current resistance! That area was resistance in the past and so far it is holding price below!
The upper green area is potential long target! I do not think we will go above this area in near future! Big things should happen if we want to break this area!
Hourly chart : https://www.tradingview.com/x/lFnWRjVf/
This is the time frame we are using for our decision to enter the trade or not! At the moment it is testing potential long area but I will think to long only if we break red area! Until we are below red area I will think more about shorts! Long will come in play after we break red area! Then I will wait for pullback and if pullback show bullish signs, I will jump into long position!
So, these moves are still considered as scalps and we are waiting for swing entry! Once we find great entry for swing, we are going to share with you! 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
Cointelegraph
Yahoo Finance Integrates Bitcoin, Ethereum and Litecoin Trading
Users can now buy and sell Bitcoin, Ethereum and Litecoin on Yahoo Finance.
" Bitmain can be a legendary crypto company, generating strong shareholder returns for decades to come, but in order to achieve this (and it’s a lot harder than it sounds) the Bitmain management team may need to improve their management of company resources. Once the company goes public, capital allocation decisions in this volatile and unpredictable market will be difficult enough, letting emotions impact too many investment decisions may not be tolerated. "
https://www.ccn.com/bitcoin-giant-bitmain-likely-losing-money-still-has-legendary-potential-bitmex-research/
https://www.ccn.com/bitcoin-giant-bitmain-likely-losing-money-still-has-legendary-potential-bitmex-research/
CCN
Bitcoin Giant Bitmain Likely Losing Money, Still Has ‘Legendary’ Potential: BitMEX Research
Poor business decisions and a prolonged bear market may have knocked it off its pedestal, but the most valuable cryptocurrency is going to be alright.
August 30th, 2018
The crypto news:
-Bitcoin passes PayPal by transaction value https://xbt.net/blog/bitcoin-blog/bitcoin-transaction-value-reaches-1-3t-as-it-passes-paypal-and-discover/
-BitMain IPO issues https://blog.bitmex.com/unboxing-bitmain/
The crypto news:
-Bitcoin passes PayPal by transaction value https://xbt.net/blog/bitcoin-blog/bitcoin-transaction-value-reaches-1-3t-as-it-passes-paypal-and-discover/
-BitMain IPO issues https://blog.bitmex.com/unboxing-bitmain/
XBT.net
Bitcoin Transaction Value Reaches $1.3T As it Passes PayPal and Discover
Bitcoin's transaction value has surpassed that of PayPal with an estimated $1.3 trillion.
I am personally not a counter trader and I do not like to trade against the trend but when you have clear reversal signs that are confirmed by few strong indicators, then it is suggested to take that trade but with proper risk reward!
BTC chart update: https://www.tradingview.com/x/pqCJeBf8/
Long was expected now let's see how high BTC can go!
Long from 6818: http://prntscr.com/kou7ws
Shared in paid channel at 6820 too: http://prntscr.com/kou8b2
When you have 4 times more long orders then short orders, you do not need a chart! It is very clear who is going to win!
Going to wait for next entry opportunity while holding 50% of this long position! The rest was closed in great proft around 6950.
If we get swing opportunity, we are going to share with free channel too!
Important areas for BTC are on the chart! If we break all three areas, it will become bearish again! If it stays above all 3, it will be considered as bullish sentiment!
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
BTC chart update: https://www.tradingview.com/x/pqCJeBf8/
Long was expected now let's see how high BTC can go!
Long from 6818: http://prntscr.com/kou7ws
Shared in paid channel at 6820 too: http://prntscr.com/kou8b2
When you have 4 times more long orders then short orders, you do not need a chart! It is very clear who is going to win!
Going to wait for next entry opportunity while holding 50% of this long position! The rest was closed in great proft around 6950.
If we get swing opportunity, we are going to share with free channel too!
Important areas for BTC are on the chart! If we break all three areas, it will become bearish again! If it stays above all 3, it will be considered as bullish sentiment!
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 31th, 2018. BTC dominance is currently at 53.2 (-0.3%). Total market cap is currently at $225.8 billion (+ $2.3 billion). The volume of the last 24h was $12.8 billion (- $0.2 billion).
After yesterday's drop in the first half of the day, in the 2nd half of the day we saw nice bounce off! Check our yesterday's technical analysis where we exactly predicted this drop and bounce off in 2nd half of the day! Now it is ranging in 6950-7000. More about price prediction in technical part of this article!
Fundamental analysis
- CBOE the largest Bitcoin Futures platform to launch Ethereum futures before EOY
https://cointelegraph.com/news/report-cboe-to-launch-ethereum-futures-trading-later-this-year
- Bank Of America freezing peoples accounts for various reasons i.e possibly not being a us citizen https://www.sacbee.com/news/business/article217567300.html
- Japans national bank will now start tracking Crypto transactions with new technology https://medium.com/@lina.network/japans-national-police-agency-to-employ-new-software-to-track-crypto-transactions-e547bd57d682
- Crypto and blockchain jobs up 50% in Asia https://chainstate.org/2018/08/30/cryptocurrency-and-blockchain-jobs-up-50-in-asia-according-to-recruitment-firm/
CME expiry time is 11 AM east coast USA. This could cause some price action so if you are going into the trade, use stop loss! In my opinion, the price is already affected by this event so probably something big wont happen! But, secure your account by putting stop loss!
Technical analysis
Today it is not that clear as yesterday! We would like to point out 2 time frames!
4h time frame : https://www.tradingview.com/x/v4ZyB56t/
If BTC wants to go up, price has to break this level! It is currently resistance area confirmed by midbb h4 in that area.
Hourly time frame : https://www.tradingview.com/x/dfgKaWqo/
On this chart, the resistance area is very clear. As we are still above midbb h1, bulls have solid chances to break this resistance area especially because of these 2 doji candles at the support made of 3 different EMAs ( 13, 21 and 50). It gives price really good chance to break this area.
We are not going to be magician and guess if it is going to break it or not! We will wait for breakout, if it happens, we will wait for pullback and if we get long triggers on pullback we will simply open long position with tight stop loss as always!
On the other side, if we see weakness on resistance area, we would open short position with tight stop loss above resistance.
After this price action at these 3 EMAs on hourly time frame, we think it has more chances to go up but as we said, we will wait for it to happens and then act!
So far we do not have signal to share with you! Once we get opportunity for swing trade, we are going to share with you! 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
After yesterday's drop in the first half of the day, in the 2nd half of the day we saw nice bounce off! Check our yesterday's technical analysis where we exactly predicted this drop and bounce off in 2nd half of the day! Now it is ranging in 6950-7000. More about price prediction in technical part of this article!
Fundamental analysis
- CBOE the largest Bitcoin Futures platform to launch Ethereum futures before EOY
https://cointelegraph.com/news/report-cboe-to-launch-ethereum-futures-trading-later-this-year
- Bank Of America freezing peoples accounts for various reasons i.e possibly not being a us citizen https://www.sacbee.com/news/business/article217567300.html
- Japans national bank will now start tracking Crypto transactions with new technology https://medium.com/@lina.network/japans-national-police-agency-to-employ-new-software-to-track-crypto-transactions-e547bd57d682
- Crypto and blockchain jobs up 50% in Asia https://chainstate.org/2018/08/30/cryptocurrency-and-blockchain-jobs-up-50-in-asia-according-to-recruitment-firm/
CME expiry time is 11 AM east coast USA. This could cause some price action so if you are going into the trade, use stop loss! In my opinion, the price is already affected by this event so probably something big wont happen! But, secure your account by putting stop loss!
Technical analysis
Today it is not that clear as yesterday! We would like to point out 2 time frames!
4h time frame : https://www.tradingview.com/x/v4ZyB56t/
If BTC wants to go up, price has to break this level! It is currently resistance area confirmed by midbb h4 in that area.
Hourly time frame : https://www.tradingview.com/x/dfgKaWqo/
On this chart, the resistance area is very clear. As we are still above midbb h1, bulls have solid chances to break this resistance area especially because of these 2 doji candles at the support made of 3 different EMAs ( 13, 21 and 50). It gives price really good chance to break this area.
We are not going to be magician and guess if it is going to break it or not! We will wait for breakout, if it happens, we will wait for pullback and if we get long triggers on pullback we will simply open long position with tight stop loss as always!
On the other side, if we see weakness on resistance area, we would open short position with tight stop loss above resistance.
After this price action at these 3 EMAs on hourly time frame, we think it has more chances to go up but as we said, we will wait for it to happens and then act!
So far we do not have signal to share with you! Once we get opportunity for swing trade, we are going to share with you! 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
Cointelegraph
Report: CBOE to Launch Ethereum Futures Trading Later This Year
The CBOE is reportedly planning to launch ETH futures trading by the end of this year.
Tech Update for Bitcoin
Hash rate :https://www.blockchain.com/charts/hash-rate
Difficulty :https://www.blockchain.com/charts/difficulty
Total Transaction Fees :https://www.blockchain.com/charts/transaction-fees
Total Transaction Fees in USD :https://www.blockchain.com/charts/transaction-fees-usd
When someone tells you that BTC is dead, please show them these charts and prove them wrong! Mining hash rate and difficulty at the all time high meaning that we never had so much miners as we have now. More miners we have, more decentralized network we have! Isn't that a main goal of Bitcoin and every cryptocurrency? Of course it is!
Check the fees! Almost at the all time low! Isn't that our goal to have decentralized system that allows you to send millions with a cost of few cents, without 3rd part?
Share with you friends and let them know the truth! Do not let media to trick them by some ETF or any other news! ETF will happen in week or 6 months but does it matter when ETF is going to happen?
If you are an investor, probably you wont be able to buy BTC at much better price! From that point, it is the same if you buy at 5, 6 or 7k because you aim for long-term ROI! You do not care about short-term price fluctuation!
If you are trader, it is something else and you need to educate yourself but if you are investor, better opportunity for investing into BTC or altcoins probably wont happen!
Most of crypto community is ranging between traders and investors mentality and that's where is your biggest problem!
When trade goes wrong, you are becoming investor and you are holding in hope to see reversal. In some cases you end up in profit because reversal happens but in some situation you end up in enormous loss. On the other side, when price goes in your direction, you are becoming trader and closing trade too early scared of losing that profit!
You should use totally different strategy! When price goes against you, cut the losses when they are small! When price goes with you, let it run by putting protective stop losses and booking profit step by step on your initial target points!
#LongLiveBTC #Decentralization!
Hash rate :https://www.blockchain.com/charts/hash-rate
Difficulty :https://www.blockchain.com/charts/difficulty
Total Transaction Fees :https://www.blockchain.com/charts/transaction-fees
Total Transaction Fees in USD :https://www.blockchain.com/charts/transaction-fees-usd
When someone tells you that BTC is dead, please show them these charts and prove them wrong! Mining hash rate and difficulty at the all time high meaning that we never had so much miners as we have now. More miners we have, more decentralized network we have! Isn't that a main goal of Bitcoin and every cryptocurrency? Of course it is!
Check the fees! Almost at the all time low! Isn't that our goal to have decentralized system that allows you to send millions with a cost of few cents, without 3rd part?
Share with you friends and let them know the truth! Do not let media to trick them by some ETF or any other news! ETF will happen in week or 6 months but does it matter when ETF is going to happen?
If you are an investor, probably you wont be able to buy BTC at much better price! From that point, it is the same if you buy at 5, 6 or 7k because you aim for long-term ROI! You do not care about short-term price fluctuation!
If you are trader, it is something else and you need to educate yourself but if you are investor, better opportunity for investing into BTC or altcoins probably wont happen!
Most of crypto community is ranging between traders and investors mentality and that's where is your biggest problem!
When trade goes wrong, you are becoming investor and you are holding in hope to see reversal. In some cases you end up in profit because reversal happens but in some situation you end up in enormous loss. On the other side, when price goes in your direction, you are becoming trader and closing trade too early scared of losing that profit!
You should use totally different strategy! When price goes against you, cut the losses when they are small! When price goes with you, let it run by putting protective stop losses and booking profit step by step on your initial target points!
#LongLiveBTC #Decentralization!
Blockchain
Blockchain.com | Charts - Total Hash Rate (TH/s)
The most trusted source for data on the bitcoin blockchain.
It is September 1st, 2018. BTC dominance is currently at 52.5% (-0.7%). Total market cap is currently at $231.3 billion (+ $5.5 billion). The market volume of the last 24h was $12.6 billion (- $0.2 billion).
In yesterday's update we mentioned few things including CME expiration! It was one of the main reasons why we saw yesterday pump from $6920 to $7020 first and then slowly but steady growth to $7100. After that we saw slowly pullback to $7000. In the last 12 hours price is ranging between $7000 and $7100. For us, area between $7000 and $7150 is no trade area because it gives us chance to see $7400-7500 but also $6700. More about price prediction in technical part of this article!
Today we are going to skip fundamental part because there is no some major news in the market. Most of the news cover tech side of the crypto market that is not making big impact on the price!
Technical Analysis
Daily chart : https://www.tradingview.com/x/Qjy5XBlr/
This is the only chart we need today and everything will be clear! Yesterday's daily close was very bullish sign. But, it was to be confirmed by today's s candle! Today's candle has to close higher than 7100 in best scenario. It can close like this but then it wont be so bullish. On the other side, if we see close below 7000, most likely mid bollinger band on daily time frame is going to be tested (6700).
We saw rejection by top bollinger band h1 so it was not that bullish and that's reason we are going to wait for confirmation whether it is for long or short entry!
Long/Short ratio on Bitifinex is very weird!
Long : https://www.tradingview.com/x/Vp8vps1O/
Short : https://www.tradingview.com/x/UABCTT9w/
Very interesting fact is that the number of short orders dropped in this week for more than 35% while price went up 6-8%. We have currently more long orders than short and for bulls it is not that good! This confirm my theory that even if we break $7150 area it will be just great short area!
Waiting for a little bit more volatility! Daily time frame tells us that it can happen very soon (today/tomorrow) so we need to be ready!
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
To your success, CS Team
In yesterday's update we mentioned few things including CME expiration! It was one of the main reasons why we saw yesterday pump from $6920 to $7020 first and then slowly but steady growth to $7100. After that we saw slowly pullback to $7000. In the last 12 hours price is ranging between $7000 and $7100. For us, area between $7000 and $7150 is no trade area because it gives us chance to see $7400-7500 but also $6700. More about price prediction in technical part of this article!
Today we are going to skip fundamental part because there is no some major news in the market. Most of the news cover tech side of the crypto market that is not making big impact on the price!
Technical Analysis
Daily chart : https://www.tradingview.com/x/Qjy5XBlr/
This is the only chart we need today and everything will be clear! Yesterday's daily close was very bullish sign. But, it was to be confirmed by today's s candle! Today's candle has to close higher than 7100 in best scenario. It can close like this but then it wont be so bullish. On the other side, if we see close below 7000, most likely mid bollinger band on daily time frame is going to be tested (6700).
We saw rejection by top bollinger band h1 so it was not that bullish and that's reason we are going to wait for confirmation whether it is for long or short entry!
Long/Short ratio on Bitifinex is very weird!
Long : https://www.tradingview.com/x/Vp8vps1O/
Short : https://www.tradingview.com/x/UABCTT9w/
Very interesting fact is that the number of short orders dropped in this week for more than 35% while price went up 6-8%. We have currently more long orders than short and for bulls it is not that good! This confirm my theory that even if we break $7150 area it will be just great short area!
Waiting for a little bit more volatility! Daily time frame tells us that it can happen very soon (today/tomorrow) so we need to be ready!
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
To your success, CS Team
September 1st, 2018
The crypto news:
- Satis group calling for $96.000 BTC in the next 5 years. https://research.bloomberg.com/pub/res/d37g1Q1hEhBkiRCu_ruMdMsbc0A?r=324
- Firefox preventing websites and addons to use your computer to mine https://bloqwire.com/firefox-to-block-tracking-and-hidden-mining-by-default-in-future-versions/
- LINE, an extremely large messaging app now launching their own cryptocurrency https://www.coindesk.com/messaging-giant-line-is-launching-its-own-
The crypto news:
- Satis group calling for $96.000 BTC in the next 5 years. https://research.bloomberg.com/pub/res/d37g1Q1hEhBkiRCu_ruMdMsbc0A?r=324
- Firefox preventing websites and addons to use your computer to mine https://bloqwire.com/firefox-to-block-tracking-and-hidden-mining-by-default-in-future-versions/
- LINE, an extremely large messaging app now launching their own cryptocurrency https://www.coindesk.com/messaging-giant-line-is-launching-its-own-
After the breakout, we waited for pullback and entered the long position!
So far we managed to catch $120 of the move! Below you can see our long signal from paid group! The part of the position is closed and now we are waiting for further targets to be reached with stop loss on break even!
So far we managed to catch $120 of the move! Below you can see our long signal from paid group! The part of the position is closed and now we are waiting for further targets to be reached with stop loss on break even!
Forwarded from Future Crypto Experts - Paid Channel
Long BTC
Entry: 7170-7190
Stop loss 7115
Targets:
1) 7250
2) 7300
3) 7400
Good luck!
Entry: 7170-7190
Stop loss 7115
Targets:
1) 7250
2) 7300
3) 7400
Good luck!
It is September 2nd, 2018. BTC dominance is currently at 52.4% (-0.1%). Total market cap is currently at $$238.5 billion (+ $7.2 billion). The market volume of the last 24h was $13.8 billion (+ $1.2 billion).
The market is step by step turning bullish. When BTC went from $6.2k to $8.5k, altcoin market was bleeding but this time the whole market is going up! The main question is how high it can go! We are going to give you bullish and bearish scenario and our opinion what is more likely to happen!
Fundamental analysis
Latest news will be shared in the post later today! We would like to cover in this update current market situation! At the moment, most of media sites are turning bullish! Some of them are sharing bullish prediction from big names (same these people were predicting Bitcoin crash). Others are sharing positve news about technology! We can see that adoption is going slowly but steady! The price will follow the technology growth sooner or later!
Now, let's say few words about ETF. I think that ETF is overhyped. We saw a lot of news that ETF is not going to be before 2019 and people used to it! They accepted that! So, even if we get further more rejections price will more likely ignore these negative news! Short term decline may happen but to expect drop of $1k in price just because of ETF is not going to happen again!
Now, we need to think what could be next reason for FUD in the market! That's why we are going to make detail market analysis to see if there is some potential FUD.
Without FUD, price will probably continue to go up!
Technical analysis
Daily chart : https://www.tradingview.com/x/iI8VgVIZ/
Our horizontal price level is broken, price closed above on the majority time frames! Daily close around that level but currently it is way above that level! According to this chart, it is expected to see BTC today at least at 7330. For Bitcoin to become extra bullish we need to see close above top bollinger band. Currently it is around 7340 but it will grow if price goes up so it has to close above 6360-6370 at least! In that scenario, BTC would be very bullish!
Weekly chart : https://www.tradingview.com/x/BNCkvgxA/
On the weekly chart, we are testing mid bollinger band! If you read our post few days ago, we mentioned that after pump to 7000, it has great chances to test mid bollinger band on weekly time frame! It is currently around 7400.
Breaking above with big volume on d1 time frame would be very bullish and after potential successful retest we can start slowly but steady uptrend to top bollinger band $9500. Do not forget that this is weekly time frame and for this we need at least 2 weekly candle so this is long-term scenario if mid bollinger band gets broken!
What is our opinion in overall for BTC?
This is time when FUD has to happen if they want to see BTC again in 6k area. We had strong uptrend from 6k to 8.5k but then FUD crashed it in few days! We wont think about potential FUD because TA shows you what they are preparing! If daily closes above top bollinger band and next day we don't see big rejection (for example bearish engulfing), most likely 7700 is going to be tested! After that next target will be 8000 and then 8500. If we enter 8k area, most likely bottom for Bitcoin is reached and we will start ranging but in positive direction preparing for 2019 potential bull run!
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
To your success, CS Team!
The market is step by step turning bullish. When BTC went from $6.2k to $8.5k, altcoin market was bleeding but this time the whole market is going up! The main question is how high it can go! We are going to give you bullish and bearish scenario and our opinion what is more likely to happen!
Fundamental analysis
Latest news will be shared in the post later today! We would like to cover in this update current market situation! At the moment, most of media sites are turning bullish! Some of them are sharing bullish prediction from big names (same these people were predicting Bitcoin crash). Others are sharing positve news about technology! We can see that adoption is going slowly but steady! The price will follow the technology growth sooner or later!
Now, let's say few words about ETF. I think that ETF is overhyped. We saw a lot of news that ETF is not going to be before 2019 and people used to it! They accepted that! So, even if we get further more rejections price will more likely ignore these negative news! Short term decline may happen but to expect drop of $1k in price just because of ETF is not going to happen again!
Now, we need to think what could be next reason for FUD in the market! That's why we are going to make detail market analysis to see if there is some potential FUD.
Without FUD, price will probably continue to go up!
Technical analysis
Daily chart : https://www.tradingview.com/x/iI8VgVIZ/
Our horizontal price level is broken, price closed above on the majority time frames! Daily close around that level but currently it is way above that level! According to this chart, it is expected to see BTC today at least at 7330. For Bitcoin to become extra bullish we need to see close above top bollinger band. Currently it is around 7340 but it will grow if price goes up so it has to close above 6360-6370 at least! In that scenario, BTC would be very bullish!
Weekly chart : https://www.tradingview.com/x/BNCkvgxA/
On the weekly chart, we are testing mid bollinger band! If you read our post few days ago, we mentioned that after pump to 7000, it has great chances to test mid bollinger band on weekly time frame! It is currently around 7400.
Breaking above with big volume on d1 time frame would be very bullish and after potential successful retest we can start slowly but steady uptrend to top bollinger band $9500. Do not forget that this is weekly time frame and for this we need at least 2 weekly candle so this is long-term scenario if mid bollinger band gets broken!
What is our opinion in overall for BTC?
This is time when FUD has to happen if they want to see BTC again in 6k area. We had strong uptrend from 6k to 8.5k but then FUD crashed it in few days! We wont think about potential FUD because TA shows you what they are preparing! If daily closes above top bollinger band and next day we don't see big rejection (for example bearish engulfing), most likely 7700 is going to be tested! After that next target will be 8000 and then 8500. If we enter 8k area, most likely bottom for Bitcoin is reached and we will start ranging but in positive direction preparing for 2019 potential bull run!
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
To your success, CS Team!
It is September 3rd, 2018! BTC dominance is currently at 53.0% (+0.6%. Total market cap is currently at $236 billion (- $2.5 billion). The market volume of the last 24h was $12.5 billion (- $1.3 billion).
In the last 24h we saw slightly increase in BTC price but overnight price dropped to 7.2k again. BTC dominance is growing while alts are dropping step by step!
Fundamental analysis
Bitcoin Cash Stress Test Results: 2.1 Million Transactions Cause No Surge in Fees
- https://cointelegraph.com/news/bitcoin-cash-stress-test-results-21-million-transactions-cause-no-surge-in-fees
While most of the community thought that BCH network was fast because of low amount of transactions, this is something that proves them wrong! This is really big thing for Bitcoin Cash especially for mainstream adoption because a lot of merchants will want to use it because of low transaction fees and because of its ability to process big number of transactions!
Dogecoin Drops 35% as Dogethereum Sentiment Wears Off
- https://www.ccn.com/dogecoin-drops-35-as-dogethereum-sentiment-wears-off/
Technical analysis
Weekly chart : https://www.tradingview.com/x/j4iUfaRm/
On this time frame we see that BTC didin't close above mid bollinger band! It is not bearish sign but it didnt become extra bullish. To target 9.5-10k area wee need to see close above mid bollinger on weekly time frame!
Daily chart : https://www.tradingview.com/x/UZc1d9jl/
The bullishness on daily time frame is not confirmed yet! We saw 2 times wicks through top bollinger but so far we do not have a close above! It means that bulls are losing power and if we do not see close above today, then we may see some correction 7050! After that potential correction, the drop may continue all the way down to 6750 or we may see bounce off.
The main question I have now is why did number of shorts grow on Bitfinex almost 50% in less than 4 hours?
https://www.tradingview.com/x/PmMCBAc7/
There are 3 possibilities!
1) Bears are preparing for massive dump!
2) Community is preparing for massive dump!
3) Something else!
I am almost sure that 2nd is not possible because if community is becoming bearish, price would follow the massive increase!
What could be reason is trap to scare community but why would someone risk its own money to open huge amount of shorts? I do not see the reason!
So, this is something that confirm these closes below mid bollinger on weekly and top bollinger on daily! Also, the close on daily confirms resistance on weekly!
So, to conclude, at the moment for longs I would wait for correction to happen because safe stop loss is below 7000 or in best scenario below 7100 so it is big gap that could make you big loss. For shorts, this daily close is important! If it closes like this, probably correction will 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
To your success, CS Team!
In the last 24h we saw slightly increase in BTC price but overnight price dropped to 7.2k again. BTC dominance is growing while alts are dropping step by step!
Fundamental analysis
Bitcoin Cash Stress Test Results: 2.1 Million Transactions Cause No Surge in Fees
- https://cointelegraph.com/news/bitcoin-cash-stress-test-results-21-million-transactions-cause-no-surge-in-fees
While most of the community thought that BCH network was fast because of low amount of transactions, this is something that proves them wrong! This is really big thing for Bitcoin Cash especially for mainstream adoption because a lot of merchants will want to use it because of low transaction fees and because of its ability to process big number of transactions!
Dogecoin Drops 35% as Dogethereum Sentiment Wears Off
- https://www.ccn.com/dogecoin-drops-35-as-dogethereum-sentiment-wears-off/
Technical analysis
Weekly chart : https://www.tradingview.com/x/j4iUfaRm/
On this time frame we see that BTC didin't close above mid bollinger band! It is not bearish sign but it didnt become extra bullish. To target 9.5-10k area wee need to see close above mid bollinger on weekly time frame!
Daily chart : https://www.tradingview.com/x/UZc1d9jl/
The bullishness on daily time frame is not confirmed yet! We saw 2 times wicks through top bollinger but so far we do not have a close above! It means that bulls are losing power and if we do not see close above today, then we may see some correction 7050! After that potential correction, the drop may continue all the way down to 6750 or we may see bounce off.
The main question I have now is why did number of shorts grow on Bitfinex almost 50% in less than 4 hours?
https://www.tradingview.com/x/PmMCBAc7/
There are 3 possibilities!
1) Bears are preparing for massive dump!
2) Community is preparing for massive dump!
3) Something else!
I am almost sure that 2nd is not possible because if community is becoming bearish, price would follow the massive increase!
What could be reason is trap to scare community but why would someone risk its own money to open huge amount of shorts? I do not see the reason!
So, this is something that confirm these closes below mid bollinger on weekly and top bollinger on daily! Also, the close on daily confirms resistance on weekly!
So, to conclude, at the moment for longs I would wait for correction to happen because safe stop loss is below 7000 or in best scenario below 7100 so it is big gap that could make you big loss. For shorts, this daily close is important! If it closes like this, probably correction will 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
To your success, CS Team!
Cointelegraph
Bitcoin Cash Stress Test Results: 2.1 Million Transactions Cause No Surge in Fees
The number of transactions on the Bitcoin Cash network surged up to 2.1 million on “BCH Stress Test Day,” as transaction fees remained low.
It is September 4th, 2018!
BTC dominance is currently 53.0% (+0.0%). Total market cap is currently at $237.1 billion (+ $1.1 billion). The market volume of the last 24h was $11.9 billion (- $0.6 billion).
Fundamental analysis
Andreas Antonopoulos: A Bitcoin ETF is Inevitable, but Damaging
https://www.ccn.com/andreas-antonopoulos-a-bitcoin-etf-is-inevitable-but-damaging/
Walmart Explores Blockchain for Connecting Automated Delivery Drones
https://www.coindesk.com/walmart-explores-blockchain-for-connecting-automated-delivery-drones/
If we ignore current price and decline of 70% from all time high, Bitcoin, better to say, blockchain technology is becoming more and more popular! The giants are exploring this technology! Not startups but giants. Sooner or later we will be surrounded by big projects that are based on blockchain technology!
Technical analysis
Daily chart : https://www.tradingview.com/x/vrqUHVzl/
Daily close the way bears would like to close! After this close, we have more chances to see correction to our green area! Currently, based on daily chart, short position has better risk reward then long!
If you want to enter the trade, here is the risk reward for short:
Entry: 7280
Stop loss: 7365
Target: 7050
Potential loss is $85 and potential profit is $230 so risk reward is 230/85 = 2.7.
So you risk $1 to get $2.7 and it is very good risk reward!
Everything below 7110 gives you risk reward greater than 1:2.
Note: This was not a signal but just an example for short scenario!
Here are you the risk reward for long position:
Entry: 7280
Stop loss: 7180 ( in best scenario because safe stop loss is below 7130)
Target: 7470
If you do math, in best scenario it offers you 1:2 risk reward while shorts are offering you in best scenario 1:3 and more!
4h chart : https://www.tradingview.com/x/mWDJ74Q4/
This time frame gives us both bullish and bearish signs! As long as we are above EMA 13 and 21, we are very bullish! If we see breakdown through these 2 EMAs, then we should see price around EMA 50. On the other side, BTC tried few times to reach top bollinger band but every attempt was rejected so far! The volume is slowly dropping so h4 is showing some bearish signs but as long as we are above EMA 13 and 21 the trend is very strong and it is not smart to counter trade!
So, to conclude, BTC is holding very strongly 7200 area but on the other side it is struggling to break 7350 area!
Currently we are in no trade zone and at this price we are looking more fo short entries because of bearish signs and better risk reward but we wont open shorts until these bearish signs are confirmed! Confirmation would be close below two EMAs (13 and 21) and target around EMA 50.
For long entries, we are waiting either for 7000-7100 or 7400-7500!
At the end, if you are trading on Bitmex, we would like to share with you great calculator made by one of our paid members! This is not a paid promotion but the way to award him for great work! We tested this calculator and it works perfectly!
Link: https://bitmex-calculator.firebaseapp.com/
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
To your success, CS Team!
BTC dominance is currently 53.0% (+0.0%). Total market cap is currently at $237.1 billion (+ $1.1 billion). The market volume of the last 24h was $11.9 billion (- $0.6 billion).
Fundamental analysis
Andreas Antonopoulos: A Bitcoin ETF is Inevitable, but Damaging
https://www.ccn.com/andreas-antonopoulos-a-bitcoin-etf-is-inevitable-but-damaging/
Walmart Explores Blockchain for Connecting Automated Delivery Drones
https://www.coindesk.com/walmart-explores-blockchain-for-connecting-automated-delivery-drones/
If we ignore current price and decline of 70% from all time high, Bitcoin, better to say, blockchain technology is becoming more and more popular! The giants are exploring this technology! Not startups but giants. Sooner or later we will be surrounded by big projects that are based on blockchain technology!
Technical analysis
Daily chart : https://www.tradingview.com/x/vrqUHVzl/
Daily close the way bears would like to close! After this close, we have more chances to see correction to our green area! Currently, based on daily chart, short position has better risk reward then long!
If you want to enter the trade, here is the risk reward for short:
Entry: 7280
Stop loss: 7365
Target: 7050
Potential loss is $85 and potential profit is $230 so risk reward is 230/85 = 2.7.
So you risk $1 to get $2.7 and it is very good risk reward!
Everything below 7110 gives you risk reward greater than 1:2.
Note: This was not a signal but just an example for short scenario!
Here are you the risk reward for long position:
Entry: 7280
Stop loss: 7180 ( in best scenario because safe stop loss is below 7130)
Target: 7470
If you do math, in best scenario it offers you 1:2 risk reward while shorts are offering you in best scenario 1:3 and more!
4h chart : https://www.tradingview.com/x/mWDJ74Q4/
This time frame gives us both bullish and bearish signs! As long as we are above EMA 13 and 21, we are very bullish! If we see breakdown through these 2 EMAs, then we should see price around EMA 50. On the other side, BTC tried few times to reach top bollinger band but every attempt was rejected so far! The volume is slowly dropping so h4 is showing some bearish signs but as long as we are above EMA 13 and 21 the trend is very strong and it is not smart to counter trade!
So, to conclude, BTC is holding very strongly 7200 area but on the other side it is struggling to break 7350 area!
Currently we are in no trade zone and at this price we are looking more fo short entries because of bearish signs and better risk reward but we wont open shorts until these bearish signs are confirmed! Confirmation would be close below two EMAs (13 and 21) and target around EMA 50.
For long entries, we are waiting either for 7000-7100 or 7400-7500!
At the end, if you are trading on Bitmex, we would like to share with you great calculator made by one of our paid members! This is not a paid promotion but the way to award him for great work! We tested this calculator and it works perfectly!
Link: https://bitmex-calculator.firebaseapp.com/
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
To your success, CS Team!
CCN.com
Andreas Antonopoulos: A Bitcoin ETF is Inevitable, but Damaging
Author of the book ‘Mastering Bitcoin’ and noted bitcoin advocate Andreas Antonopoulos believes that a Bitcoin ETF is imminent.
It is September 5th, 2018!
BTC dominance is currently at 53.2% (+0.2%). The total market cap is currently at $239.3 billion (+ $2.2 billion). The market volume of last 24h was $13.2 billion (+ $1.3 billion).
Fundamental analysis
Abra CEO: SEC Denies Bitcoin ETFs Because Applicants Do Not Fit Industry Archetype
https://cointelegraph.com/news/abra-ceo-sec-denies-bitcoin-etfs-because-applicants-do-not-fit-industry-archetype
Bitcoin Price Indicator Turns Bullish for First Time in 8 Months
https://www.coindesk.com/bitcoin-indicator-turns-bullish-for-first-time-in-8-months/
Technical analysis
Daily chart : https://www.tradingview.com/x/9L03v465/
For Bitcoin in general this is very good time! It is going up step by step and it is the best and the healthiest uptrend! But price is moving very slow! IN last 12h it is ranging from 7355 up to 7380. This is too thin to even think to open a trade! Daily is showing us chance for 7500 after yesterday's close!
4H chart : https://www.tradingview.com/x/sl191ct5/
It is almost the same as yesterday! The price is stil above EMA 13, 21 and 50. Price is still above mid bollinger band!
The biggest concern for bulls is very low volume in last 12 hours! If you want to take the risk and open the position, we can give you advice for both long and short setups!
We are personally not in a trade and looking only for clear signs but for those that are sure that price will go in their direction, we can give you advice about trading set up!
Long
Entry: 7375
Stop loss: 7295
Target: 7490
Risk reward: 1.43
Short
Entry: 7375
Stop loss: 7445
Target: 7210
Risk reward: 3.35
We hope our price levels can help you if you are looking for an entry! The short position has amazing risk reward but as long as we are without confirmation, we will not enter the trade!
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
To your success, CS Team!
BTC dominance is currently at 53.2% (+0.2%). The total market cap is currently at $239.3 billion (+ $2.2 billion). The market volume of last 24h was $13.2 billion (+ $1.3 billion).
Fundamental analysis
Abra CEO: SEC Denies Bitcoin ETFs Because Applicants Do Not Fit Industry Archetype
https://cointelegraph.com/news/abra-ceo-sec-denies-bitcoin-etfs-because-applicants-do-not-fit-industry-archetype
Bitcoin Price Indicator Turns Bullish for First Time in 8 Months
https://www.coindesk.com/bitcoin-indicator-turns-bullish-for-first-time-in-8-months/
Technical analysis
Daily chart : https://www.tradingview.com/x/9L03v465/
For Bitcoin in general this is very good time! It is going up step by step and it is the best and the healthiest uptrend! But price is moving very slow! IN last 12h it is ranging from 7355 up to 7380. This is too thin to even think to open a trade! Daily is showing us chance for 7500 after yesterday's close!
4H chart : https://www.tradingview.com/x/sl191ct5/
It is almost the same as yesterday! The price is stil above EMA 13, 21 and 50. Price is still above mid bollinger band!
The biggest concern for bulls is very low volume in last 12 hours! If you want to take the risk and open the position, we can give you advice for both long and short setups!
We are personally not in a trade and looking only for clear signs but for those that are sure that price will go in their direction, we can give you advice about trading set up!
Long
Entry: 7375
Stop loss: 7295
Target: 7490
Risk reward: 1.43
Short
Entry: 7375
Stop loss: 7445
Target: 7210
Risk reward: 3.35
We hope our price levels can help you if you are looking for an entry! The short position has amazing risk reward but as long as we are without confirmation, we will not enter the trade!
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
To your success, CS Team!
Cointelegraph
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