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.
It is September 7th, 2018
BTC dominance is currently at 54.7% (-0.2%). The total market cap is currently at $204.8 billion (+ $3.1 billion). The market volume of last 24h was $13.1 billion (- $7.5 billion).
After an insane drop that happened 36 hours ago, we are currently ranging between 6350 and 6550. If you read our yesterday's market update, we told you that we are going to see consolidation. At the moment price action is turning bearish again. We are short from 6495 and now after closing 10% of the position at 6390, we are holding the rest with stop loss at the entry price! Our targets for potential further drop ar 6330, 6210 and 6050.
Fundamental analysis
Goldman Sachs CFO: Recent Reports About Crypto Trading Desk Are ‘Fake News’
https://cointelegraph.com/news/goldman-sachs-cfo-recent-reports-about-crypto-trading-desk-are-fake-news
I just want to add 2 comments to this article. Firstly, 90% news in crypto are fake whether it is positive or negative! Secondly, they did this just to turn market bullish (in one moment number of longs on Bitmex was higher than number of shorts). Now all these longs put stop loss at 6400 or 6300 or 6200 and because of that it iwll be very easy for bears to crash BTC even more.
Coinbase Considers Launching Crypto ETF with Help of Wall Street’s BlackRock, Say Sources
https://cointelegraph.com/news/coinbase-considers-launching-crypto-etf-with-help-of-wall-streets-blackrock-say-sources
Crypto Exchange Kraken Denies Security Breach and Office Closure in Halifax, Canada
https://www.ccn.com/crypto-exchange-kraken-denies-security-breach-and-office-closure-in-halifax-canada/
Texhnical analysis
4h chart : https://www.tradingview.com/x/OIcuVAdi/
This time frame is more than enough to explain everything! We saw ranging that created bearish formation! We entered short after previous candle close! While we were writing this post, price dropped and reached our first target at 6330. Now we are holding the rest of the position with stop loss above 6450.
It is very clear that h4 is targeting low bollinger band! Once it gets reached, we may see a little more consolidation with potential bullish period but most likely we will test 5800 in upcoming 3 days! What will happen at that level is very hard to say! Time will show but this time we have big chances to break it!
So, longing is not suggested! Whenever you get an entry good risk to reward ratio, it is suggested to go short!
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 54.7% (-0.2%). The total market cap is currently at $204.8 billion (+ $3.1 billion). The market volume of last 24h was $13.1 billion (- $7.5 billion).
After an insane drop that happened 36 hours ago, we are currently ranging between 6350 and 6550. If you read our yesterday's market update, we told you that we are going to see consolidation. At the moment price action is turning bearish again. We are short from 6495 and now after closing 10% of the position at 6390, we are holding the rest with stop loss at the entry price! Our targets for potential further drop ar 6330, 6210 and 6050.
Fundamental analysis
Goldman Sachs CFO: Recent Reports About Crypto Trading Desk Are ‘Fake News’
https://cointelegraph.com/news/goldman-sachs-cfo-recent-reports-about-crypto-trading-desk-are-fake-news
I just want to add 2 comments to this article. Firstly, 90% news in crypto are fake whether it is positive or negative! Secondly, they did this just to turn market bullish (in one moment number of longs on Bitmex was higher than number of shorts). Now all these longs put stop loss at 6400 or 6300 or 6200 and because of that it iwll be very easy for bears to crash BTC even more.
Coinbase Considers Launching Crypto ETF with Help of Wall Street’s BlackRock, Say Sources
https://cointelegraph.com/news/coinbase-considers-launching-crypto-etf-with-help-of-wall-streets-blackrock-say-sources
Crypto Exchange Kraken Denies Security Breach and Office Closure in Halifax, Canada
https://www.ccn.com/crypto-exchange-kraken-denies-security-breach-and-office-closure-in-halifax-canada/
Texhnical analysis
4h chart : https://www.tradingview.com/x/OIcuVAdi/
This time frame is more than enough to explain everything! We saw ranging that created bearish formation! We entered short after previous candle close! While we were writing this post, price dropped and reached our first target at 6330. Now we are holding the rest of the position with stop loss above 6450.
It is very clear that h4 is targeting low bollinger band! Once it gets reached, we may see a little more consolidation with potential bullish period but most likely we will test 5800 in upcoming 3 days! What will happen at that level is very hard to say! Time will show but this time we have big chances to break it!
So, longing is not suggested! Whenever you get an entry good risk to reward ratio, it is suggested to go short!
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
Goldman Sachs CFO: Recent Reports About Crypto Trading Desk Are ‘Fake News’
Goldman Sachs CFO Martin Chavez called recent reports of the firm abandoning a crypto trading desk “fake news.”
It is September 8th, 2018
BTC dominance is currently at 54.8% (+0.1%). The total market cap is currently at $204.8 billion (+ $0.0 billion). The market volume of last 24h was $11.6 billion (- $1.5 billion).
The ranging time is still on! The market is ranging between 6300 and 6500 price areas. As it is weekend, we may see continuation of this ranging market for next 48h. This type of market is accumulation for next move! In this market condition that move is more likely going to be one more leg down! Over the next 48 hours, we may see test of 6600 price and maybe 6700. But in the current market conditions we do not expect to see price higher than that!
You have to know that the price is always affected by all news, rumors and etc! I see most people are saying that BTC will go up because Goldman Sachs news was fake. Price is already affected by that news and it's over! That news is 24h old and price didnt go up! I am not saying uptrend is not going to happen but just that we need something else to happen in order to see uptrend!
In general, our team is very bullish on BTC as an investmnet but when we are talking about trading, it is time to think only about short entries! Trade with the trend to maximize your gains!
Fundamental analysis
Coinbase CEO Brian Armstrong: 1 Billion People Will Be in Crypto Ecosystem in 5 Years
https://cointelegraph.com/news/coinbase-ceo-brian-armstrong-1-billion-people-will-be-in-crypto-ecosystem-in-5-years
Majority of Investors Want to Buy More Digital Currency in 2018, Survey Shows
https://cointelegraph.com/news/majority-of-investors-want-to-buy-more-digital-currency-in-2018-survey-shows
Technical analysis
4h chart : https://www.tradingview.com/x/GejtJVMa/
The first sign of potential small uptrend is close above EMA 8 on this time frame! Then we can see test of EMA 13, 21 and mid bollinger band. All these lines are in area between 6500 and 6600.
As long as we are below EMA 8, we are in extremelly bearish market!
Our opinion is that crypto may see some uptrend this weekend because big guys need uptrend to open new shorts a little bit higher! We are not going to open long positions because of bad risk to reward ratio! Safe stop loss is below 6300 and it is too far. So, our team is going to wait for potential uptrend and once we see bearish signs in 6500-6700 area, we will start to looking for short entries!
This time, we are going to share our margin signal in free channel too so 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
To your success, CS Team!
BTC dominance is currently at 54.8% (+0.1%). The total market cap is currently at $204.8 billion (+ $0.0 billion). The market volume of last 24h was $11.6 billion (- $1.5 billion).
The ranging time is still on! The market is ranging between 6300 and 6500 price areas. As it is weekend, we may see continuation of this ranging market for next 48h. This type of market is accumulation for next move! In this market condition that move is more likely going to be one more leg down! Over the next 48 hours, we may see test of 6600 price and maybe 6700. But in the current market conditions we do not expect to see price higher than that!
You have to know that the price is always affected by all news, rumors and etc! I see most people are saying that BTC will go up because Goldman Sachs news was fake. Price is already affected by that news and it's over! That news is 24h old and price didnt go up! I am not saying uptrend is not going to happen but just that we need something else to happen in order to see uptrend!
In general, our team is very bullish on BTC as an investmnet but when we are talking about trading, it is time to think only about short entries! Trade with the trend to maximize your gains!
Fundamental analysis
Coinbase CEO Brian Armstrong: 1 Billion People Will Be in Crypto Ecosystem in 5 Years
https://cointelegraph.com/news/coinbase-ceo-brian-armstrong-1-billion-people-will-be-in-crypto-ecosystem-in-5-years
Majority of Investors Want to Buy More Digital Currency in 2018, Survey Shows
https://cointelegraph.com/news/majority-of-investors-want-to-buy-more-digital-currency-in-2018-survey-shows
Technical analysis
4h chart : https://www.tradingview.com/x/GejtJVMa/
The first sign of potential small uptrend is close above EMA 8 on this time frame! Then we can see test of EMA 13, 21 and mid bollinger band. All these lines are in area between 6500 and 6600.
As long as we are below EMA 8, we are in extremelly bearish market!
Our opinion is that crypto may see some uptrend this weekend because big guys need uptrend to open new shorts a little bit higher! We are not going to open long positions because of bad risk to reward ratio! Safe stop loss is below 6300 and it is too far. So, our team is going to wait for potential uptrend and once we see bearish signs in 6500-6700 area, we will start to looking for short entries!
This time, we are going to share our margin signal in free channel too so 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
To your success, CS Team!
Cointelegraph
Coinbase CEO Brian Armstrong: 1 Billion People Will Be in Crypto Ecosystem in 5 Years
Coinbase CEO Brian Armstrong has projected a substantial increase in the number of people involved in the crypto ecosystem in the next five years.
It is September 9th, 2018
BTC dominance is currently at 55.4% (+0.6%). The total market cap is currently at $200.2 billion (- $4.6 billion). The market volume of last 24h was $12.4 billion (+ $0.8 billion).
Fundamental analysis
What to Expect If Ether Futures Become a Reality?
https://cointelegraph.com/news/what-to-expect-if-ether-futures-become-a-reality
Ethereum Creator Believes Days of 1000x Crypto Growth is Gone
https://www.ccn.com/why-ethereum-co-creator-believes-days-of-1000x-crypto-growth-is-gone/
Of course its gone because it is easy to see growth from few billions up to few hundred billions. But the growth will happen sooner or later! Not 1000x and not in a year but 100x in couple of years is very realistic (from $200 billion to $20 trillion).
Technical analysis
4h chart : https://www.tradingview.com/x/wKmjaOHV/
Yesterday we saw the drop in price from $6400 price level all the way down to $6100. As you can see H4 time frame didnt create downward momentum ( didnt close below low bollinger band ) and it was first bullish sign for a while! We missed to update the market situation because long trigger happened while we were sleeping!
The price is currently testing mid bollinger band H4 and we will see what is going to be outcome! Break above could lead us to test top bollinger band H4. If that happens, we should check H1 to see if we are going to get short trigger because area of top bb H4 would be perfect short entry!
Short positions : https://www.tradingview.com/x/22i0sbQs/
Long positions : https://www.tradingview.com/x/7QoesIGw/
Both, the number of shorts and longs, are decreasing! The ratio between shorts and longs on Bitfinex is 59/41 and on Bitmex it is 46/54. So we have 2 different situations! On Bitfinex we have much more shorts and on Bitmex we have more longs!
The number of longs on Bitmex wont allow price to go above $6700 price level in our opinion! If we consider all time frames, the number of longs and shorts and FA, we are in very risky market to trade. We were right for pump this morning and it was predictable but currently from this point ($6400) price can go in both directions. Our team is looking for $6600-6700 area for short entries! We can get short triggers even lower in area between $6500 and $6600. We have a lot of resistances in this price area so it is expected to see drop from this point!
Currently it is not time to enter any trade whether it is long or short position! We will wait patiently for potentil uptrend to get better shorting opportunity!
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 55.4% (+0.6%). The total market cap is currently at $200.2 billion (- $4.6 billion). The market volume of last 24h was $12.4 billion (+ $0.8 billion).
Fundamental analysis
What to Expect If Ether Futures Become a Reality?
https://cointelegraph.com/news/what-to-expect-if-ether-futures-become-a-reality
Ethereum Creator Believes Days of 1000x Crypto Growth is Gone
https://www.ccn.com/why-ethereum-co-creator-believes-days-of-1000x-crypto-growth-is-gone/
Of course its gone because it is easy to see growth from few billions up to few hundred billions. But the growth will happen sooner or later! Not 1000x and not in a year but 100x in couple of years is very realistic (from $200 billion to $20 trillion).
Technical analysis
4h chart : https://www.tradingview.com/x/wKmjaOHV/
Yesterday we saw the drop in price from $6400 price level all the way down to $6100. As you can see H4 time frame didnt create downward momentum ( didnt close below low bollinger band ) and it was first bullish sign for a while! We missed to update the market situation because long trigger happened while we were sleeping!
The price is currently testing mid bollinger band H4 and we will see what is going to be outcome! Break above could lead us to test top bollinger band H4. If that happens, we should check H1 to see if we are going to get short trigger because area of top bb H4 would be perfect short entry!
Short positions : https://www.tradingview.com/x/22i0sbQs/
Long positions : https://www.tradingview.com/x/7QoesIGw/
Both, the number of shorts and longs, are decreasing! The ratio between shorts and longs on Bitfinex is 59/41 and on Bitmex it is 46/54. So we have 2 different situations! On Bitfinex we have much more shorts and on Bitmex we have more longs!
The number of longs on Bitmex wont allow price to go above $6700 price level in our opinion! If we consider all time frames, the number of longs and shorts and FA, we are in very risky market to trade. We were right for pump this morning and it was predictable but currently from this point ($6400) price can go in both directions. Our team is looking for $6600-6700 area for short entries! We can get short triggers even lower in area between $6500 and $6600. We have a lot of resistances in this price area so it is expected to see drop from this point!
Currently it is not time to enter any trade whether it is long or short position! We will wait patiently for potentil uptrend to get better shorting opportunity!
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
What to Expect If Ether Futures Become a Reality?
The possible launch of Ether futures could have both positive and negative ramifications for the cryptocurrency.
Why ETH is losing it's value and why it has dropped so much?
Check out these two great article about this topic!
https://twitter.com/real_vijay/status/1038646626837917697
https://medium.com/@tetrascapital/ether-eth-bearish-thesis-the-flippening-of-market-irrationality-8633e70ab498
Check out these two great article about this topic!
https://twitter.com/real_vijay/status/1038646626837917697
https://medium.com/@tetrascapital/ether-eth-bearish-thesis-the-flippening-of-market-irrationality-8633e70ab498
Twitter
Vijay Boyapati
1/ #Ethereum is crashing (not just in USD terms but in BTC terms); has the demand for a decentralized world computer disappeared, or is something else at play? Let's consider the fundamentals from an economic point of view.
It is September 10th, 2018
BTC dominance is currently at 55.5% (+0.1%). The total market cap is currently at $197.1 billion (- $3.1 billion). The market cap of last 24h was $11.3 billion (- $1.1 billion).
Fundamental analysis
Australian authorities putting driver licenses on the blockchain
https://www.itnews.com.au/news/nsw-puts-digital-drivers-licence-on-a-blockchain-512298
Major bank CITI group looking to create bitcoin security product before other competitiors
https://theicojournal.com/exclusive-citigroup-source-bitcoin-security-adr-beat-rivals-to-market/
Despite Ban, China Keeps Trading Cryptocurrency Thanks to Tether and VPNs, Says Report
https://cointelegraph.com/news/despite-ban-china-keeps-trading-cryptocurrency-thanks-to-tether-and-vpns-says-report
What people don't understand is that Bitcoin is not some program that you can ban and people wont be able to use it! It is a protocol and as long as we have internet access, we will be able to buy, sell and send bitcoins without any problem! If your country ban bitcoin, well there are more than 200 other countries! You are not a rock! If you don't like where you are, MOVE!
Technical analysis
4h chart : https://www.tradingview.com/x/vfzguG7N/
Price is still below mid bollinger band! Our team is not in a position! A lot of pumps and dumps are sign of consolidation and the beginning of the ranging market! We do not think that it will last for weeks but at the moment, we will short only if price reaches our entry zone (top bollinger band h4/ mid bollinger band d1). Everything else would be just FOMO entry!
Weekly chart: https://www.tradingview.com/x/5FVPYvnS/
If you are curious why we are looking only for short entries, this chart is best answer to this question! When you see bearish engulfing at the resistance, it is huge bearish sign and price will most likely continue to decrease until it reaches area of potential support! We have resistance on weekly time frame so we need to find support on that time frame too! The support is around 5200. This week or next week we may easily see test of this area!
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 55.5% (+0.1%). The total market cap is currently at $197.1 billion (- $3.1 billion). The market cap of last 24h was $11.3 billion (- $1.1 billion).
Fundamental analysis
Australian authorities putting driver licenses on the blockchain
https://www.itnews.com.au/news/nsw-puts-digital-drivers-licence-on-a-blockchain-512298
Major bank CITI group looking to create bitcoin security product before other competitiors
https://theicojournal.com/exclusive-citigroup-source-bitcoin-security-adr-beat-rivals-to-market/
Despite Ban, China Keeps Trading Cryptocurrency Thanks to Tether and VPNs, Says Report
https://cointelegraph.com/news/despite-ban-china-keeps-trading-cryptocurrency-thanks-to-tether-and-vpns-says-report
What people don't understand is that Bitcoin is not some program that you can ban and people wont be able to use it! It is a protocol and as long as we have internet access, we will be able to buy, sell and send bitcoins without any problem! If your country ban bitcoin, well there are more than 200 other countries! You are not a rock! If you don't like where you are, MOVE!
Technical analysis
4h chart : https://www.tradingview.com/x/vfzguG7N/
Price is still below mid bollinger band! Our team is not in a position! A lot of pumps and dumps are sign of consolidation and the beginning of the ranging market! We do not think that it will last for weeks but at the moment, we will short only if price reaches our entry zone (top bollinger band h4/ mid bollinger band d1). Everything else would be just FOMO entry!
Weekly chart: https://www.tradingview.com/x/5FVPYvnS/
If you are curious why we are looking only for short entries, this chart is best answer to this question! When you see bearish engulfing at the resistance, it is huge bearish sign and price will most likely continue to decrease until it reaches area of potential support! We have resistance on weekly time frame so we need to find support on that time frame too! The support is around 5200. This week or next week we may easily see test of this area!
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!
iTnews
NSW puts digital driver's licence on a blockchain
Expected to underpin statewide rollout.
It is September 11th, 2018
BTC dominance is currently at 56.0% (+0.5%). The total market cap is currently at $196.2 billion (- $0.9 billion). The market cap of last 24h was $10.9 billion (- $0.4 billion).
BTC is currently in no trade zone! Bearish engulfing on weekly time frame is very strong bearish sign but currently there is no safe stop loss for both long and short positions! Our entry zone for short is still the same (top bollinger band H4 but only if we get trigger on H1).
Fundamental analysis
Winklevoss Brothers Launch Fiat-Backed Stablecoin After New York Regulator’s Green Light
https://cointelegraph.com/news/winklevoss-brothers-launch-fiat-backed-stablecoin-after-new-york-regulators-green-light
72% of Cryptocurrency Investors Plan to Buy More this Year: Survey
https://www.ccn.com/72-of-cryptocurrency-investors-plan-to-buy-more-this-year-survey/
Citigroup is the Latest Bank to Offer Crypto Custody: Here’s How it Will Affect the Market
https://www.ccn.com/citigroup-is-the-latest-bank-to-offer-crypto-custody-heres-how-it-will-affect-the-market/
Technical analysis
H4 chart : https://www.tradingview.com/x/DndpSne9
We have close above mid bollinger band H4 and now it is retesting broken resistance! If we establish support here, we can see test of top bollinger band H4 and that would be great area to look for short entry! Once we get short trigger, we are going to share with you! At the moment we are not in a position and just waiting for entry with good risk to reward ratio!
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 56.0% (+0.5%). The total market cap is currently at $196.2 billion (- $0.9 billion). The market cap of last 24h was $10.9 billion (- $0.4 billion).
BTC is currently in no trade zone! Bearish engulfing on weekly time frame is very strong bearish sign but currently there is no safe stop loss for both long and short positions! Our entry zone for short is still the same (top bollinger band H4 but only if we get trigger on H1).
Fundamental analysis
Winklevoss Brothers Launch Fiat-Backed Stablecoin After New York Regulator’s Green Light
https://cointelegraph.com/news/winklevoss-brothers-launch-fiat-backed-stablecoin-after-new-york-regulators-green-light
72% of Cryptocurrency Investors Plan to Buy More this Year: Survey
https://www.ccn.com/72-of-cryptocurrency-investors-plan-to-buy-more-this-year-survey/
Citigroup is the Latest Bank to Offer Crypto Custody: Here’s How it Will Affect the Market
https://www.ccn.com/citigroup-is-the-latest-bank-to-offer-crypto-custody-heres-how-it-will-affect-the-market/
Technical analysis
H4 chart : https://www.tradingview.com/x/DndpSne9
We have close above mid bollinger band H4 and now it is retesting broken resistance! If we establish support here, we can see test of top bollinger band H4 and that would be great area to look for short entry! Once we get short trigger, we are going to share with you! At the moment we are not in a position and just waiting for entry with good risk to reward ratio!
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
Winklevoss Brothers Launch Fiat-Backed Stablecoin After New York Regulator’s Green Light
The Winklevoss twins’ Gemini platform has launched its own stablecoin – the Gemini dollar – following New York regulator approval.