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
Abra CEO: SEC Denies Bitcoin ETFs Because Applicants Do Not Fit Industry Archetype
The CEO of Crypto payment firm Abra said that the SEC rejects BTC ETFs because “people who are doing the applications don't fit mold of who the SEC is used to approving."
🐻 Bears are back 🐻
After Bitcoin got rejected by top bollinger band 3 days in a row, we saw huge drop! The weekly resistance that we mentioned few times at $7400-7500 area was too strong!
The massive increase of short positions makes sense now! Big money chose to short there because they ultimately knew where the price would go. The only question is how this massive increase didnt impact the price at that moment? There is few possibilities but this is our opinion! Simply, someone was playing with big buy walls and bears got amazing chance to open huge amount of shorts without impacting the price!
After this move, we can say that the downtrend is still alive. The volume of this drop was massive! The price bounced off from EMA 50 on daily TF but if we consider this huge volume there is big possibility for price to go further down!
If the volume was lower and price stopped around 7000-7050 area it would be perfect long opportunity for both bitcoin and altcoins but after this decline of 5% it is suggested to wait for some bullish signs because at the moment we are full of bear signs!
Our team is focused on short entries at the moment! If we see some bounce off with big volume, we will change our opinion but as long as we are full of bearish signs the best option is to trade with the trend and look only for short entries!
After Bitcoin got rejected by top bollinger band 3 days in a row, we saw huge drop! The weekly resistance that we mentioned few times at $7400-7500 area was too strong!
The massive increase of short positions makes sense now! Big money chose to short there because they ultimately knew where the price would go. The only question is how this massive increase didnt impact the price at that moment? There is few possibilities but this is our opinion! Simply, someone was playing with big buy walls and bears got amazing chance to open huge amount of shorts without impacting the price!
After this move, we can say that the downtrend is still alive. The volume of this drop was massive! The price bounced off from EMA 50 on daily TF but if we consider this huge volume there is big possibility for price to go further down!
If the volume was lower and price stopped around 7000-7050 area it would be perfect long opportunity for both bitcoin and altcoins but after this decline of 5% it is suggested to wait for some bullish signs because at the moment we are full of bear signs!
Our team is focused on short entries at the moment! If we see some bounce off with big volume, we will change our opinion but as long as we are full of bearish signs the best option is to trade with the trend and look only for short entries!
Major Wall Street investment bank, Goldman Sachs has finally made known its stance on opening a cryptocurrency trading desk.
The bank clarifies that such plans are not a priority for the foreseeable future, but rather it will be focusing its energy on a custody product for crypto that would better service large institutional clients.
https://www.ccn.com/goldman-sachs-is-abandoning-plans-for-a-bitcoin-trading-desk-for-now/
The bank clarifies that such plans are not a priority for the foreseeable future, but rather it will be focusing its energy on a custody product for crypto that would better service large institutional clients.
https://www.ccn.com/goldman-sachs-is-abandoning-plans-for-a-bitcoin-trading-desk-for-now/
CCN
Goldman Sachs is Abandoning Plans for a Bitcoin Trading Desk, For Now
Popular Wall Street investment bank, Goldman Sachs has finally made known its stance on opening a cryptocurrency trading desk.
Yesterday an alleged Silk Road wallet (largest dark web drugs and illegal marketplace site)'s wallet moved 100M USD worth of BitCoin and for sure it wasn't to buy Bitcoin at $7300.
https://ethereumworldnews.com/silkroad-wallet-moves-100m-usd-bitcoin-btc-exchanges/
https://ethereumworldnews.com/silkroad-wallet-moves-100m-usd-bitcoin-btc-exchanges/
Ethereum World News
Allegedly Silkroad - related Wallet Moves $100M in Bitcoin to Exchanges Amidst Last Week's Bullish Run - Ethereum World News
ADVERTISEMENTApparently, a wallet that had been inactive for almost five years moved 111,114 BTC to various exchanges around the world with the aim perhaps of promoting trading in the popular crypto-market after a recent bullish trend in Bitcoin prices. Reddit…
Our team missed short entry on $7385 for $3.5. If you miss the trade, there will be always another profitable opportunity! We were patient and entered 3 trades so far! Short at 7140 with average close at 7000. Long at 6942 with average close at 7000 and we are still holding short position from 7030.
In our opinion, BTC will go further down! The number of short is increasing slowly but steady! We have more than enough room for shorts to grow! As we mentioned in our paid group, the number of shorts that were opened on the weekend is not dropping so these guys that opened massive short positions are not happy with current price and it is very strong indicator that tells us that price will probably drop further down!
In our opinion, BTC will go further down! The number of short is increasing slowly but steady! We have more than enough room for shorts to grow! As we mentioned in our paid group, the number of shorts that were opened on the weekend is not dropping so these guys that opened massive short positions are not happy with current price and it is very strong indicator that tells us that price will probably drop further down!
Forwarded from Future Crypto Experts - Paid Channel
Margin signal!
Short BTC
Entry 7020-7050!
Stop loss: 7105
Targets:
1) 6920
2) 6750
3) 6550
This is swing trade thats why you need to calculate your position size to fit your risk limit! You can use this calculator to calculate position size: https://bitmex-calculator.firebaseapp.com/
The reason for short!
The drop had massive volume, the volume of 2nd drop was even higher = very bearish!
The sell off was very fast and so fear wasn't developed in that short time. We will have more and more fear in the market!
We dropped without any FUD, what if we get FUD? It can lead us to 6500 in couple of hours!
The number of shorts is still the same! The whales that opened massive short positions are still holding! (proof: https://www.tradingview.com/x/D2J0P6ng/ )
It means they are not happy with price and they want to close it lower!
The number of the short started to grow ( check the link above to see last 4h candle)
The number of short is growing on Bitmex too! ( Check here: https://blockchainwhispers.com/bitmex-position-calculator/ )
Everybody is talking about short squeeze, what about long squeeze? https://www.tradingview.com/x/IFsJ1uxR/
If you check the chart, the price is closer to the all time high than all time low!
If we do not get some massive green volume in few hours, we may leave 7k area for some time!
Good luck!
Short BTC
Entry 7020-7050!
Stop loss: 7105
Targets:
1) 6920
2) 6750
3) 6550
This is swing trade thats why you need to calculate your position size to fit your risk limit! You can use this calculator to calculate position size: https://bitmex-calculator.firebaseapp.com/
The reason for short!
The drop had massive volume, the volume of 2nd drop was even higher = very bearish!
The sell off was very fast and so fear wasn't developed in that short time. We will have more and more fear in the market!
We dropped without any FUD, what if we get FUD? It can lead us to 6500 in couple of hours!
The number of shorts is still the same! The whales that opened massive short positions are still holding! (proof: https://www.tradingview.com/x/D2J0P6ng/ )
It means they are not happy with price and they want to close it lower!
The number of the short started to grow ( check the link above to see last 4h candle)
The number of short is growing on Bitmex too! ( Check here: https://blockchainwhispers.com/bitmex-position-calculator/ )
Everybody is talking about short squeeze, what about long squeeze? https://www.tradingview.com/x/IFsJ1uxR/
If you check the chart, the price is closer to the all time high than all time low!
If we do not get some massive green volume in few hours, we may leave 7k area for some time!
Good luck!
It is September 6th, 2018!
BTC dominance is currently at 54.9% (+1.7%). The total market cap is currently at $201.7 billion (- $37.2 billion). The market volume of last 24h was $20.6 billion (+ $7.4 billion).
Yesterday was on of the craziest days in last few days if not the craziest one! These are the questions that are very important right now:
1) What caused this insane drop of $1200 in less than 24h?
2) Where are we going to establish the support?
We are going to give you our opinion on these 2 main questions!
Goldman Sachs Drops Plans to Open Crypto Trading Desk
https://cointelegraph.com/news/business-insider-goldman-sachs-drops-plans-to-open-crypto-trading-desk
This was the main reason why we saw yesterday's dump!
If you read the article carefully you will see that they didnt say that they won't open crypto trading desk but that it is not their priority right now! Goldman is one of the biggest names in finance. If they changed their mind about crypto, others may follow. That's why it was a big news.
This was the second reason: https://ethereumworldnews.com/silkroad-wallet-moves-100m-usd-bitcoin-btc-exchanges/
Technical analysis
Daily chart : https://www.tradingview.com/x/HO0djVfX/
In one candle we went from top bollinger band to test low bollinger band! After this drop it will be very hard to see 7k in upcoming days/weeks.
We do not expect the drop to continue from this point to 6k and lower! We think that some kind of consolidation has to happen! But it will be just short-term support before new leg down! This time it is very hard to expect to see rejection from 5800-6000 support area! We came very fast to this area and most likely this time it will be broken!
We are in crypto world and every kind of manipulation is possible! We can only say that number of shorts are still growing so big guys are not closing their bags that were opened 5-6 days ago. It is very strong sign that they are willing to dump it even more!
Bitfinex Long/Short ratio is 41/59 while on Bitmex Long/Short ratio is 49/51. You can check at this link: http://prntscr.com/kr94b7
It means that short squeeze is not going to happen in near future because on Bitmex it is almost the same number of short/long positions!
So to conclude, the drop looks very strong and it is just matter of time when we are going to see test of 6000!
We will try to find best entry point for new short position because longing now could burn your account easily!
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 54.9% (+1.7%). The total market cap is currently at $201.7 billion (- $37.2 billion). The market volume of last 24h was $20.6 billion (+ $7.4 billion).
Yesterday was on of the craziest days in last few days if not the craziest one! These are the questions that are very important right now:
1) What caused this insane drop of $1200 in less than 24h?
2) Where are we going to establish the support?
We are going to give you our opinion on these 2 main questions!
Goldman Sachs Drops Plans to Open Crypto Trading Desk
https://cointelegraph.com/news/business-insider-goldman-sachs-drops-plans-to-open-crypto-trading-desk
This was the main reason why we saw yesterday's dump!
If you read the article carefully you will see that they didnt say that they won't open crypto trading desk but that it is not their priority right now! Goldman is one of the biggest names in finance. If they changed their mind about crypto, others may follow. That's why it was a big news.
This was the second reason: https://ethereumworldnews.com/silkroad-wallet-moves-100m-usd-bitcoin-btc-exchanges/
Technical analysis
Daily chart : https://www.tradingview.com/x/HO0djVfX/
In one candle we went from top bollinger band to test low bollinger band! After this drop it will be very hard to see 7k in upcoming days/weeks.
We do not expect the drop to continue from this point to 6k and lower! We think that some kind of consolidation has to happen! But it will be just short-term support before new leg down! This time it is very hard to expect to see rejection from 5800-6000 support area! We came very fast to this area and most likely this time it will be broken!
We are in crypto world and every kind of manipulation is possible! We can only say that number of shorts are still growing so big guys are not closing their bags that were opened 5-6 days ago. It is very strong sign that they are willing to dump it even more!
Bitfinex Long/Short ratio is 41/59 while on Bitmex Long/Short ratio is 49/51. You can check at this link: http://prntscr.com/kr94b7
It means that short squeeze is not going to happen in near future because on Bitmex it is almost the same number of short/long positions!
So to conclude, the drop looks very strong and it is just matter of time when we are going to see test of 6000!
We will try to find best entry point for new short position because longing now could burn your account easily!
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
Business Insider: Goldman Sachs Drops Plans to Open Crypto Trading Desk
Despite earlier rumours, Goldman Sachs has reportedly paused its plans to open a digital currency trading desk, focusing on a crypto custody product instead.