It is October 11th, 2018
BTC dominance is currently at 53.2% (+ 0.9%). The total market cap is currently at $205.8 billion (- $14.1 billion). The market volume of the last 24h was $13.5 bilion (+ $1.4 billion).
Fundamental analysis
Study: Bitcoin Whales Are Not Responsible for Volatility
https://cointelegraph.com/news/study-bitcoin-whales-are-not-responsible-for-volatility
Breaking: Harvard, Stanford, & MIT Have All Invested in Cryptocurrency Funds
A Solution to Crypto's 51% Attack? Fine Miners Before It Happen
https://www.coindesk.com/a-solution-to-cryptos-51-attack-fine-miners-before-it-happens/
Technical analysis
When it is no trade zone, then it is no trade zone! In last 7 days our team opened only 2 trades! One of them was long from 6413 that was closed at 6595 and another one was long on 6590 that was closed on 6595 (stop loss moved to that price after it went up but it came back so it was close on break even). Most of you will think that 2 trades in 7-10 days is too bad but at the end we are in profit and we are not caught in this huge drop!
Maybe you expected drop, maybe not! It is individual opinion but in general market looked very stable and this drop is result of auto-trading! Why?
Go to Bitmex and you will see BTC price at 6000. Go to Bitfinex, price will be at 6300. How? Simply, Bitmex is larger exchange and there were much more opened positions!
If you check out this chart https://www.tradingview.com/x/2ijasMz1/ you will see where were stop loss areas! Once big money managed to reach first stop loss area, chain reaction started and in 10 minutes we reached 6000!
When you open position, you have liquidation price and if that price is reached, trade is closed automatically! That's why, all trades with leverage greater than 20x were liquidated + all trades with stop losses! On the other side, on exchanges like Binance, price dropped to 6300 ( it was only drop of $150). Why?
Because Binance is not offering margin trading and holders are not worried about decline of few % in price! This difference in price is b best confirmation of price manipulation and auto trading!
We called drop in yesterdays post but we didnt expected this! We thought it may dump only $30-40 or in worst case scenario to reach low daily bollinger band (6410). But one thing was obvious that we were more bearish than bullish after higher low struggled to hold above support!
What now?
For investors, one more great discount on BTC and especially alts!
For traders, still no trade zone! You are now fighting not only agaist other traders, your own emotions but also against auto trading softwares! Once prices on Bitmex and Binance come closer, we may start looking for trading opportunites! The gap of $150 is too much and it is very hard to rely on any trading tool!
Make sure to read our next post today because we have something very positive to share with you! It was shared few weeks before this drop confirmed that so we have to share again!
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% (+ 0.9%). The total market cap is currently at $205.8 billion (- $14.1 billion). The market volume of the last 24h was $13.5 bilion (+ $1.4 billion).
Fundamental analysis
Study: Bitcoin Whales Are Not Responsible for Volatility
https://cointelegraph.com/news/study-bitcoin-whales-are-not-responsible-for-volatility
Breaking: Harvard, Stanford, & MIT Have All Invested in Cryptocurrency Funds
A Solution to Crypto's 51% Attack? Fine Miners Before It Happen
https://www.coindesk.com/a-solution-to-cryptos-51-attack-fine-miners-before-it-happens/
Technical analysis
When it is no trade zone, then it is no trade zone! In last 7 days our team opened only 2 trades! One of them was long from 6413 that was closed at 6595 and another one was long on 6590 that was closed on 6595 (stop loss moved to that price after it went up but it came back so it was close on break even). Most of you will think that 2 trades in 7-10 days is too bad but at the end we are in profit and we are not caught in this huge drop!
Maybe you expected drop, maybe not! It is individual opinion but in general market looked very stable and this drop is result of auto-trading! Why?
Go to Bitmex and you will see BTC price at 6000. Go to Bitfinex, price will be at 6300. How? Simply, Bitmex is larger exchange and there were much more opened positions!
If you check out this chart https://www.tradingview.com/x/2ijasMz1/ you will see where were stop loss areas! Once big money managed to reach first stop loss area, chain reaction started and in 10 minutes we reached 6000!
When you open position, you have liquidation price and if that price is reached, trade is closed automatically! That's why, all trades with leverage greater than 20x were liquidated + all trades with stop losses! On the other side, on exchanges like Binance, price dropped to 6300 ( it was only drop of $150). Why?
Because Binance is not offering margin trading and holders are not worried about decline of few % in price! This difference in price is b best confirmation of price manipulation and auto trading!
We called drop in yesterdays post but we didnt expected this! We thought it may dump only $30-40 or in worst case scenario to reach low daily bollinger band (6410). But one thing was obvious that we were more bearish than bullish after higher low struggled to hold above support!
What now?
For investors, one more great discount on BTC and especially alts!
For traders, still no trade zone! You are now fighting not only agaist other traders, your own emotions but also against auto trading softwares! Once prices on Bitmex and Binance come closer, we may start looking for trading opportunites! The gap of $150 is too much and it is very hard to rely on any trading tool!
Make sure to read our next post today because we have something very positive to share with you! It was shared few weeks before this drop confirmed that so we have to share again!
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
Study: Bitcoin Whales Are Not Responsible for Volatility
A recent study by Chainalysis states that Bitcoin whales do not make markets more volatile.
Bitcoin dropped from $20 000 to $6 000 and they are still talking about some bubble? The bubble already bursted and posts like these are here to force further sell off because someone is willing to buy more at cheaper price!
https://www.ccn.com/strong-possibility-bitcoin-bubble-could-burst-in-the-near-future-report-claims/
https://www.ccn.com/strong-possibility-bitcoin-bubble-could-burst-in-the-near-future-report-claims/
CCN
‘Strong Possibility’ Bitcoin Bubble Could Burst in the Near Future, Report Claims
A study conducted by market research firm Juniper Research has cast doubts on bitcoin’s long-term prospects owing to various factors stacked against it including regulatory scrutiny. Per Windsor Holden, the author of the report noscriptd ‘The Future of Cryptocurrency:…
It is October 12th, 2018
BTC dominance is currently at 54.8% (+1.6%). The total market cap is currently at $198.0 billion (- $7.8 billion). The market volume of the last 24h was $15.1 billion (+ $1.6 billion).
Fundamental analysis
Crypto Exchange Bitfinex Suspends Fiat Deposits, Expects to Resume ‘Within a Week’
https://cointelegraph.com/news/crypto-exchange-bitfinex-suspends-fiat-deposits-expects-to-resume-within-a-week
Coinbase Launches First ERC-20 Token on Platform
https://cointelegraph.com/news/coinbase-launches-first-erc-20-token-on-platform
South Korea to Decide on ICO Legality in November, Official Says
https://www.coindesk.com/south-korea-to-decide-on-ico-permission-in-november-official-says/
Technical analysis
Daily time frame : https://www.tradingview.com/x/bufEUp1q/
BTC is testing one more time 6000 area! The price on Binance and other exchanges are still around 6300 while on Bitmex it is below 6200. Why is there this gap? Because Bitmex is margin exchange and you can only bet on the future price. You can't buy and withdraw BTC from Bitmex. That's why this gap is possible! If Bitmex is normal exchange, this gap wouldn't be possible because people would buy BTC there and sell on Binance for example and make money doing that!
After yesterday's drop, price is currently in 6150-6250 area! There is no news in the market that was the reason for this drop! We will see how BTC acts in this area! Any prediction is nothing but guessing right now! Need some clear signs that will be confirmed on other exchanges as well!
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% (+1.6%). The total market cap is currently at $198.0 billion (- $7.8 billion). The market volume of the last 24h was $15.1 billion (+ $1.6 billion).
Fundamental analysis
Crypto Exchange Bitfinex Suspends Fiat Deposits, Expects to Resume ‘Within a Week’
https://cointelegraph.com/news/crypto-exchange-bitfinex-suspends-fiat-deposits-expects-to-resume-within-a-week
Coinbase Launches First ERC-20 Token on Platform
https://cointelegraph.com/news/coinbase-launches-first-erc-20-token-on-platform
South Korea to Decide on ICO Legality in November, Official Says
https://www.coindesk.com/south-korea-to-decide-on-ico-permission-in-november-official-says/
Technical analysis
Daily time frame : https://www.tradingview.com/x/bufEUp1q/
BTC is testing one more time 6000 area! The price on Binance and other exchanges are still around 6300 while on Bitmex it is below 6200. Why is there this gap? Because Bitmex is margin exchange and you can only bet on the future price. You can't buy and withdraw BTC from Bitmex. That's why this gap is possible! If Bitmex is normal exchange, this gap wouldn't be possible because people would buy BTC there and sell on Binance for example and make money doing that!
After yesterday's drop, price is currently in 6150-6250 area! There is no news in the market that was the reason for this drop! We will see how BTC acts in this area! Any prediction is nothing but guessing right now! Need some clear signs that will be confirmed on other exchanges as well!
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
Crypto Exchange Bitfinex Suspends Fiat Deposits, Expects to Resume ‘Within a Week’
Crypto exchange Bitfinex has temporarily suspended all fiat currency wire deposits for the Euro, USD, JPY and GBP, says they will resume “within a week.”
It is October 13th, 2018
BTC dominance is currently at 53.9% (-0.9%). The total market capis currently at $201.9 billion (+ $3.9 billion). The market volume of the last 24h was $11.9 billion (- $3.2 billion).
Fundamental analysis
South Korean Financial Regulator Reaffirms Negative Stance on ICOs and Crypto
https://cointelegraph.com/news/south-korean-financial-regulator-reaffirms-negative-stance-on-icos-and-crypto
CFTC Chair Giancarlo Says Institutional Investors Will Help Crypto 'Mature'
https://www.coindesk.com/cftc-chair-giancarlo-says-institutional-investors-will-help-crypto-mature/
TRON’s CEO Tweets of Forthcoming Partnership With ‘Industry Giant’ Valued at ‘$10s of Billions’
https://cointelegraph.com/news/trons-ceo-tweets-of-forthcoming-partnership-with-industry-giant-valued-at-10s-of-billions
Technical analysis
Daily time frame : https://www.tradingview.com/x/jDopOkZl/
So far this green area is holding and that's positive sign! We saw recovering in altcoin market that is one more good sign! There is no currently any FUD that would create further decline! Because of that price may stay around this are for some time and start with new uptrend. But in case market sentiment changes and we get some FUD, there is possibility of breaking this magic 6k area!
Our team is averaging our alt entries because we are still thinking that whole market is close to the bottom and if you spend some time to find good entries, that investment can bring you huge return later!
Be greedy when others are fearful, be fearful when others are greedy! If the market is falling, it doesnt mean that it wont pumping like crazy in 3 month or so. Just less than a year, we had crazy bull run! It won't happen again, that's a fact but the fact is also that similar bull run will happen for sure!
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 53.9% (-0.9%). The total market capis currently at $201.9 billion (+ $3.9 billion). The market volume of the last 24h was $11.9 billion (- $3.2 billion).
Fundamental analysis
South Korean Financial Regulator Reaffirms Negative Stance on ICOs and Crypto
https://cointelegraph.com/news/south-korean-financial-regulator-reaffirms-negative-stance-on-icos-and-crypto
CFTC Chair Giancarlo Says Institutional Investors Will Help Crypto 'Mature'
https://www.coindesk.com/cftc-chair-giancarlo-says-institutional-investors-will-help-crypto-mature/
TRON’s CEO Tweets of Forthcoming Partnership With ‘Industry Giant’ Valued at ‘$10s of Billions’
https://cointelegraph.com/news/trons-ceo-tweets-of-forthcoming-partnership-with-industry-giant-valued-at-10s-of-billions
Technical analysis
Daily time frame : https://www.tradingview.com/x/jDopOkZl/
So far this green area is holding and that's positive sign! We saw recovering in altcoin market that is one more good sign! There is no currently any FUD that would create further decline! Because of that price may stay around this are for some time and start with new uptrend. But in case market sentiment changes and we get some FUD, there is possibility of breaking this magic 6k area!
Our team is averaging our alt entries because we are still thinking that whole market is close to the bottom and if you spend some time to find good entries, that investment can bring you huge return later!
Be greedy when others are fearful, be fearful when others are greedy! If the market is falling, it doesnt mean that it wont pumping like crazy in 3 month or so. Just less than a year, we had crazy bull run! It won't happen again, that's a fact but the fact is also that similar bull run will happen for sure!
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
South Korean Financial Regulator Reaffirms Negative Stance on ICOs and Crypto
A top Korean financial regulator has reiterated his negative position on ICOs and digital currencies, though he does not deny the potential of blockchain.
Future of Bitcoin
Since the end of the last year, Bitcoin is in downtrend! Together with the Bitcoin, after short term pump in January, altcoin market went down too!
The reasons for overal downtrend in the market are different! One of them is for sure big difference between technology and price! Bitcoin was overvalued and definitelly the price didnt follow the technology but went up crazy because of market sentiment! Best confirmation is bitcoin fee that reached its peak in December 2017! Average fee was $40. Yeah, $40, while it is now few cents! If you are new to crypto, maybe you are surprised but for us to send Bitcoin in that time, whether it is $1 or $100 000 was extremelly difficult, slow and expensive! We remember that we were waiting 5 days for one transaction to be confirmed! Simply, the Bitcoin was overvalued in that time and correction was expected! On December 17th, 2018, day before big drop, in our channel we posted this chart: http://prntscr.com/l5jjo2
We are not going to tell that we predicted the drop but we warned the community at least! You can scroll up and find our articles from that time!
Another, maybe even bigger reason was launching futures trading! Enabling someone to profit from shorting overvalued asset will cause which scenario? In most cases, it will cause drop of course!
Now, no one is able to predict the future but in the post below, we are going to comare Bitcoin with Gold because both of them are used as a store of value!
Gold, same as Bitcoin went up in value before launching. Once it was launched, it went down and spent 2 years in a downtrend. Then Gold started with uptrend and 5 years from the launching CME price went almost 4 times up.
We are not saying that it will happen with Bitcoin! There is a lot of other factors that are important but so far price trends were similar so there is no reason why it wouldn't continue! Check the charts below for more info!
To your success, CS Team!
Since the end of the last year, Bitcoin is in downtrend! Together with the Bitcoin, after short term pump in January, altcoin market went down too!
The reasons for overal downtrend in the market are different! One of them is for sure big difference between technology and price! Bitcoin was overvalued and definitelly the price didnt follow the technology but went up crazy because of market sentiment! Best confirmation is bitcoin fee that reached its peak in December 2017! Average fee was $40. Yeah, $40, while it is now few cents! If you are new to crypto, maybe you are surprised but for us to send Bitcoin in that time, whether it is $1 or $100 000 was extremelly difficult, slow and expensive! We remember that we were waiting 5 days for one transaction to be confirmed! Simply, the Bitcoin was overvalued in that time and correction was expected! On December 17th, 2018, day before big drop, in our channel we posted this chart: http://prntscr.com/l5jjo2
We are not going to tell that we predicted the drop but we warned the community at least! You can scroll up and find our articles from that time!
Another, maybe even bigger reason was launching futures trading! Enabling someone to profit from shorting overvalued asset will cause which scenario? In most cases, it will cause drop of course!
Now, no one is able to predict the future but in the post below, we are going to comare Bitcoin with Gold because both of them are used as a store of value!
Gold, same as Bitcoin went up in value before launching. Once it was launched, it went down and spent 2 years in a downtrend. Then Gold started with uptrend and 5 years from the launching CME price went almost 4 times up.
We are not saying that it will happen with Bitcoin! There is a lot of other factors that are important but so far price trends were similar so there is no reason why it wouldn't continue! Check the charts below for more info!
To your success, CS Team!
Lightshot
Screenshot
Captured with Lightshot
It is October 14th, 2018
BTC dominance is currently at 54.0% (+0.1%). The total market caps is currently at $202.2 billion (+ $0.3 billion). The market volume of the last 24h was $9.2 billion (- $2.7 billion).
Fundamental analysis
Unconfirmed: TRON to Partner with ‘China’s Google,’ Baidu
https://cointelegraph.com/news/unconfirmed-tron-to-partner-with-chinas-google-baidu
What’s Causing 2% Bitcoin Premium on Bitfinex? Possibility of Arbitrage
https://www.ccn.com/whats-causing-2-bitcoin-premium-on-bitfinex-possibility-of-arbitrage/
Interview: Trader Says Tether Will be Replaced by New Stablecoins, Better for Crypto
https://www.ccn.com/interview-trader-says-tether-will-be-replaced-by-new-stablecoins-better-for-crypto/
Constantinople Nears: Ethereum's Next Hard Fork Is On Track for 2018
https://www.coindesk.com/constantinople-nears-ethereums-next-hard-fork-is-on-track-for-2018/
Technical analysis
Daily time frame : https://www.tradingview.com/x/GjRdjp9p/
It is at the same level as yesterday! The volume of the last 24h was below $10 billion and it is best proof of market uncertainty! We are writing these updtes for more than 2 months and the volume was always above $10 billion. Simply, we had 7 days of slow ranging market, then huge dip and then again moves of +/- $20 in the whole day...
As we stated yesterday, we are still waiting for margin trades and doing researches for altcoins in order to try to find profitable investment!
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 54.0% (+0.1%). The total market caps is currently at $202.2 billion (+ $0.3 billion). The market volume of the last 24h was $9.2 billion (- $2.7 billion).
Fundamental analysis
Unconfirmed: TRON to Partner with ‘China’s Google,’ Baidu
https://cointelegraph.com/news/unconfirmed-tron-to-partner-with-chinas-google-baidu
What’s Causing 2% Bitcoin Premium on Bitfinex? Possibility of Arbitrage
https://www.ccn.com/whats-causing-2-bitcoin-premium-on-bitfinex-possibility-of-arbitrage/
Interview: Trader Says Tether Will be Replaced by New Stablecoins, Better for Crypto
https://www.ccn.com/interview-trader-says-tether-will-be-replaced-by-new-stablecoins-better-for-crypto/
Constantinople Nears: Ethereum's Next Hard Fork Is On Track for 2018
https://www.coindesk.com/constantinople-nears-ethereums-next-hard-fork-is-on-track-for-2018/
Technical analysis
Daily time frame : https://www.tradingview.com/x/GjRdjp9p/
It is at the same level as yesterday! The volume of the last 24h was below $10 billion and it is best proof of market uncertainty! We are writing these updtes for more than 2 months and the volume was always above $10 billion. Simply, we had 7 days of slow ranging market, then huge dip and then again moves of +/- $20 in the whole day...
As we stated yesterday, we are still waiting for margin trades and doing researches for altcoins in order to try to find profitable investment!
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
Unconfirmed: TRON to Partner with ‘China’s Google,’ Baidu
Crypto market news service Coinness claims that TRON is about to partner with China’s Internet giant Baidu, citing private correspondence with the former.
It is October 15th, 2018
BTC dominance is currently at 54.6% (+ 0.6%). The total market cap is currently at $198.9 billion (- $3.3 billion). The market volume of the last 24h was $9.6 billion (+ $0.4 billion).
Fundamental analysis
IMF: Rapid Growth of Bitcoin and Crypto Will Impact Global Financial System
https://www.ccn.com/imf-rapid-growth-of-bitcoin-and-crypto-will-impact-global-financial-system/
China Threatens Overseas Tax Havens, Will Investors Flock to Crypto?
https://www.ccn.com/china-threatens-overseas-tax-havens-will-investors-flock-to-crypto/
Bear Market Sees Bitcoin Volume Approaching Yearly Low Once Again
https://www.ccn.com/bear-market-sees-bitcoin-volume-approaching-yearly-low-once-again/
Tehcnical analysis
Daily time frame : https://www.tradingview.com/x/JNWgJX0L/
Daily close showed us some downtrend momentum and now it is time to look for potential short triggers! But we wont ignore long entries too because currently there is a lot of possibilities and you should be open minded for both directions! Both would be considered as scalp because we do not expect major moves in any direction!
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 54.6% (+ 0.6%). The total market cap is currently at $198.9 billion (- $3.3 billion). The market volume of the last 24h was $9.6 billion (+ $0.4 billion).
Fundamental analysis
IMF: Rapid Growth of Bitcoin and Crypto Will Impact Global Financial System
https://www.ccn.com/imf-rapid-growth-of-bitcoin-and-crypto-will-impact-global-financial-system/
China Threatens Overseas Tax Havens, Will Investors Flock to Crypto?
https://www.ccn.com/china-threatens-overseas-tax-havens-will-investors-flock-to-crypto/
Bear Market Sees Bitcoin Volume Approaching Yearly Low Once Again
https://www.ccn.com/bear-market-sees-bitcoin-volume-approaching-yearly-low-once-again/
Tehcnical analysis
Daily time frame : https://www.tradingview.com/x/JNWgJX0L/
Daily close showed us some downtrend momentum and now it is time to look for potential short triggers! But we wont ignore long entries too because currently there is a lot of possibilities and you should be open minded for both directions! Both would be considered as scalp because we do not expect major moves in any direction!
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
IMF: Rapid Growth of Bitcoin & Crypto Will Impact Global Financial System
The IMF has stated in a recently released report that the rapid growth of Bitcoin and crypto could impact the international finance system.
Get rid of USDT, this could be just a short-term but if we go back to January-Ferbruary 2018 when we had a lot of FUD about USDT, maybe it is the time when USDT is coming to an end!
Stay safe, currently it is safer to hold Bitcoin or any other cryptocurrency!
Stay safe, currently it is safer to hold Bitcoin or any other cryptocurrency!
More about USDT is coming today but if you are currently in USDT and you bbuy BTC or alts, you will be only 4% down and that's not a big deal. You have to know that if they prove that USDT is not backed by fiat, USDT will die and price could reach zero in few days! It wont affect crypto too much since we have now other stablecoins so we will find alternative but USDT holder could express huge losses! Currently it is only 4% drop but considering that it should be backed by $1, its price HAS to be always around $1 with allowed price fluctuations +/- $0.005. Even price fluctuation of 1 cent is too much!
USDT (aka Tether) should be backed by dollar! Every USDT should be backed by exactly $1 and the price of USDT should be stable at $1. But, since the end of 2017, there is rumor that USDT is backed by nothing or only some of USDT are backed by USD and the rest is just printed out of thin air.
If you scroll up and check our previous post, you will find a lot of things about tether! We shared our opinion at the beginning of 2018 that we do not think that USDT is backed by USD. Simply, if you were in crypto at the end of last year, they were printing Tether like crazy! Sometimes in 24 hours they printed like $200-300 million new tether tokens! Just few months ago, in March - April 2017, the total supply of tether was few millions! This huge expansion of tether is very hard to be backed by real USD in the bank!
Now, there is rumor that Binance is going to delist Tether. Also, there is rumor that Okex (still only in Chinese) will list all regulated stablecoins today - TUSD, USDC, Gemini dollar and Paxos. Deposits open today, trading open tomorrow.
If we consider all of this, if they prove that Tether is backed by thin air, Tether holders will be in serious problem!
Stay safe, do not risk being in Tether! There are a lot of other stablecoins that are growing and most likely that the end of USDT is very close!
This wont affect market negatively because tether is not the only stablecoin so maybe short term price fluctuation may happen but in longterm view crypto is safe!
To your success, CS Team!
If you scroll up and check our previous post, you will find a lot of things about tether! We shared our opinion at the beginning of 2018 that we do not think that USDT is backed by USD. Simply, if you were in crypto at the end of last year, they were printing Tether like crazy! Sometimes in 24 hours they printed like $200-300 million new tether tokens! Just few months ago, in March - April 2017, the total supply of tether was few millions! This huge expansion of tether is very hard to be backed by real USD in the bank!
Now, there is rumor that Binance is going to delist Tether. Also, there is rumor that Okex (still only in Chinese) will list all regulated stablecoins today - TUSD, USDC, Gemini dollar and Paxos. Deposits open today, trading open tomorrow.
If we consider all of this, if they prove that Tether is backed by thin air, Tether holders will be in serious problem!
Stay safe, do not risk being in Tether! There are a lot of other stablecoins that are growing and most likely that the end of USDT is very close!
This wont affect market negatively because tether is not the only stablecoin so maybe short term price fluctuation may happen but in longterm view crypto is safe!
To your success, CS Team!
BTC 6400 on Bitmex and 6900 on Binance?
How is that possilbe?
On Bitmex, we have trading based on USD valued and on Binance we have trading based on USDT value that is currently on $0.96 so price on Binance is higher because of difference between USDT and USD.
There is rumor that major exchanges will delist USDT. There is not confirmation on this rumor so far! Our recommendation is to stay in crypto and avoid being in USDT!
How is that possilbe?
On Bitmex, we have trading based on USD valued and on Binance we have trading based on USDT value that is currently on $0.96 so price on Binance is higher because of difference between USDT and USD.
There is rumor that major exchanges will delist USDT. There is not confirmation on this rumor so far! Our recommendation is to stay in crypto and avoid being in USDT!
It is October 15th, 2018
BTC dominance is currently at 54.1% (-0.5%). The total market cap is currently at $211.1 billion (+ $12.2 billion). The market volume of the last 24h was $22.2 billion (+ $12.6 billion).
Fundamental analysis
Third Top Cryptocurrency Exchange OKEx Lists Four Stablecoins at Once
https://cointelegraph.com/news/third-top-cryptocurrency-exchange-okex-lists-four-stablecoins-at-once
**Bitcoin May Have Just Experienced its Final Shakeout Before a Big Rally
**
https://www.ccn.com/bitcoin-may-have-just-experienced-its-final-shakeout-before-a-big-rally/
Bitfinex Says Withdrawals Are Fine, But Crypto Exchange Customers Disagree
https://www.coindesk.com/bitfinex-says-withdrawals-are-fine-but-crypto-exchange-customers-disagree/
Technical analysis
Daily time frame : https://www.tradingview.com/x/DXWYb334/
BTC made huge pump yesterday from $6200 all the way up to $6800. After that it consolidated in $6400 area!
Tether rumors crashed tether one more time! Looks like other stablecoins are taking the place and that USDT is out of game!
Avoid being in USDT because it is currently the riskiest option! For margin trading, we are looking for both possibilities because we are targeting small moves since the market is very uncertain and in case you are opening swing with wider stop loss, that stop loss could be executed too far and loss could be huge!
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 54.1% (-0.5%). The total market cap is currently at $211.1 billion (+ $12.2 billion). The market volume of the last 24h was $22.2 billion (+ $12.6 billion).
Fundamental analysis
Third Top Cryptocurrency Exchange OKEx Lists Four Stablecoins at Once
https://cointelegraph.com/news/third-top-cryptocurrency-exchange-okex-lists-four-stablecoins-at-once
**Bitcoin May Have Just Experienced its Final Shakeout Before a Big Rally
**
https://www.ccn.com/bitcoin-may-have-just-experienced-its-final-shakeout-before-a-big-rally/
Bitfinex Says Withdrawals Are Fine, But Crypto Exchange Customers Disagree
https://www.coindesk.com/bitfinex-says-withdrawals-are-fine-but-crypto-exchange-customers-disagree/
Technical analysis
Daily time frame : https://www.tradingview.com/x/DXWYb334/
BTC made huge pump yesterday from $6200 all the way up to $6800. After that it consolidated in $6400 area!
Tether rumors crashed tether one more time! Looks like other stablecoins are taking the place and that USDT is out of game!
Avoid being in USDT because it is currently the riskiest option! For margin trading, we are looking for both possibilities because we are targeting small moves since the market is very uncertain and in case you are opening swing with wider stop loss, that stop loss could be executed too far and loss could be huge!
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
Third Top Cryptocurrency Exchange OKEx Lists Four Stablecoins at Once
OKEx has announced new listings for four stablecoins: TrueUSD, USD Coin, Gemini Dollar, and Paxos Standard Token.
It is October 17th, 2018
BTC dominance is currently at 53.8% (-0.3%). The total market cap is currently at $212.2 billion (+ $1.1 billion). The market volume of the last 24h was $12.1 billion (- $10.1 billion).
Fundamental analysis
Investment Giant Fidelity Launches Digital Assets Services Targeting Institutional Investors
https://cointelegraph.com/news/investment-giant-fidelity-launches-digital-assets-services-targeting-institutional-investors
Report: Bitfinex Shifts Its Banking Business to Hong Kong-Based Bank of Communications
https://cointelegraph.com/news/report-bitfinex-shifts-its-banking-business-to-hong-kong-based-bank-of-communications
Tether Market Cap Sinks to $2.2 Billion as another 250 Million USDT Exits Circulation
Technical analysis
Daily time frame : https://www.tradingview.com/x/wgGkY5lt/
Bitcoin made up move but struggled to close above all major resistances! Currently it is still below mid bb, EMA 50 and this purple area that was support and currently it is resistent for Bitcoin! As long as it is below these resistance lines, it can't be considered as bullish!
Most likely, in upcoming days BTC is stay in this range from 6100 to 6800.
We would like to give some signals but the market conditions is not in our favour. If you look back, 2 or 3 weeks before, after big dump of $1000+ we expected continuation! Once it didnt happen, we saw that consolidation is coming and 3 weeks later, we are still in the range! From this point, we may easily stay in the same range for upcoming few weeks! Yeah, not days but weeks! More we stay in the range, it will be more bullish than bearish.
So, when market is offering you trading opportunity, trade it! When it is no trade zone, take time to learn and grow so you can be ready for more active market!
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 53.8% (-0.3%). The total market cap is currently at $212.2 billion (+ $1.1 billion). The market volume of the last 24h was $12.1 billion (- $10.1 billion).
Fundamental analysis
Investment Giant Fidelity Launches Digital Assets Services Targeting Institutional Investors
https://cointelegraph.com/news/investment-giant-fidelity-launches-digital-assets-services-targeting-institutional-investors
Report: Bitfinex Shifts Its Banking Business to Hong Kong-Based Bank of Communications
https://cointelegraph.com/news/report-bitfinex-shifts-its-banking-business-to-hong-kong-based-bank-of-communications
Tether Market Cap Sinks to $2.2 Billion as another 250 Million USDT Exits Circulation
Technical analysis
Daily time frame : https://www.tradingview.com/x/wgGkY5lt/
Bitcoin made up move but struggled to close above all major resistances! Currently it is still below mid bb, EMA 50 and this purple area that was support and currently it is resistent for Bitcoin! As long as it is below these resistance lines, it can't be considered as bullish!
Most likely, in upcoming days BTC is stay in this range from 6100 to 6800.
We would like to give some signals but the market conditions is not in our favour. If you look back, 2 or 3 weeks before, after big dump of $1000+ we expected continuation! Once it didnt happen, we saw that consolidation is coming and 3 weeks later, we are still in the range! From this point, we may easily stay in the same range for upcoming few weeks! Yeah, not days but weeks! More we stay in the range, it will be more bullish than bearish.
So, when market is offering you trading opportunity, trade it! When it is no trade zone, take time to learn and grow so you can be ready for more active market!
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
Investment Giant Fidelity Launches Digital Assets Services Targeting Institutional Investors
U.S. investment giant Fidelity has announced the launch of a digital assets custody and trade execution company.
It is October 18th, 2018
BTC dominance is currently at 53.7% (-0.1%). The total market cap is currently at $211.2 (- $1.0 billion). The market volume of the last 24h was $12.3 (+ $0.2 billion).
Fundamental analysis
CME Report: BTC Futures Trading Keeps Growing in Q3, Average Daily Volume up 41% Over Q2
https://cointelegraph.com/news/cme-report-btc-futures-trading-keeps-growing-in-q3-average-daily-volume-up-41-over-q2
Untethered: The History of Stablecoin Tether and How It Has Lost Its $1 Peg
https://cointelegraph.com/news/untethered-the-history-of-stablecoin-tether-and-how-it-has-lost-its-1-peg
0x Surges 30% after Coinbase Listing, Which Crypto is Next?
https://www.ccn.com/0x-surges-30-after-coinbase-listing-which-crypto-is-next/
Technical analysis
Daily time frame : https://www.tradingview.com/x/AeWoaSq0/
Bitcoin is struggling to close above EMA 50, midbb and this horizontal green area. Currently, the pump that we saw 3 days ago is nothing but bull trap and if we do not see significant action, we may easily see start of the downtrend again to test magic 6k area one more time!
But considering both, top and bottom bollinger bands, we do not expect some major moves ($1000+). As we mentioned few times, we expect BTC to stay in this range for a while!
H4 time frame : https://www.tradingview.com/x/iZMs6Sr8/
On H4, we do not have downward momentum so shorting now would be more emotional because of fear of mission out that trade! Top bollinger band is not tested yet so that test is possible. Considering that top bollinger band is $100 higher than current price, if you enter now, safe stop loss is too far!
So, trading with confirmation is much better idea here with 2 potential short are! Firstly, if we see close below midb H4, then we need to wait for retest and short there if we get trigger. For trigger you always look on m15.
Secondly, in case on topbb test, if we see close above, it is not suggested to go short but if we see just shadow, again we have short trading set up and it will be time to search for triggers on m15.
For long triggers we will search if we see close above these resistances on daily time frame!
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 53.7% (-0.1%). The total market cap is currently at $211.2 (- $1.0 billion). The market volume of the last 24h was $12.3 (+ $0.2 billion).
Fundamental analysis
CME Report: BTC Futures Trading Keeps Growing in Q3, Average Daily Volume up 41% Over Q2
https://cointelegraph.com/news/cme-report-btc-futures-trading-keeps-growing-in-q3-average-daily-volume-up-41-over-q2
Untethered: The History of Stablecoin Tether and How It Has Lost Its $1 Peg
https://cointelegraph.com/news/untethered-the-history-of-stablecoin-tether-and-how-it-has-lost-its-1-peg
0x Surges 30% after Coinbase Listing, Which Crypto is Next?
https://www.ccn.com/0x-surges-30-after-coinbase-listing-which-crypto-is-next/
Technical analysis
Daily time frame : https://www.tradingview.com/x/AeWoaSq0/
Bitcoin is struggling to close above EMA 50, midbb and this horizontal green area. Currently, the pump that we saw 3 days ago is nothing but bull trap and if we do not see significant action, we may easily see start of the downtrend again to test magic 6k area one more time!
But considering both, top and bottom bollinger bands, we do not expect some major moves ($1000+). As we mentioned few times, we expect BTC to stay in this range for a while!
H4 time frame : https://www.tradingview.com/x/iZMs6Sr8/
On H4, we do not have downward momentum so shorting now would be more emotional because of fear of mission out that trade! Top bollinger band is not tested yet so that test is possible. Considering that top bollinger band is $100 higher than current price, if you enter now, safe stop loss is too far!
So, trading with confirmation is much better idea here with 2 potential short are! Firstly, if we see close below midb H4, then we need to wait for retest and short there if we get trigger. For trigger you always look on m15.
Secondly, in case on topbb test, if we see close above, it is not suggested to go short but if we see just shadow, again we have short trading set up and it will be time to search for triggers on m15.
For long triggers we will search if we see close above these resistances on daily time frame!
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
CME Report: BTC Futures Trading Keeps Growing in Q3, Average Daily Volume up 41% Over Q2
Bitcoin futures trading at the CME has continued to grow in Q3, with average daily trading volume up 41% over Q2.
It is October 19th, 2018
BTC dominance is currently at 53.9% (+0.2%). The total market cap is currently at $208.4 billion (- $2.8 billion). The market volume of the last 24h was $11.7 billion (- $0.6 billion).
Fundamental analysis
Goldman Sachs and Galaxy Digital’s Mike Novogratz Invest $15 Million in Crypto Custody Firm
https://cointelegraph.com/news/goldman-sachs-and-galaxy-digitals-mike-novogratz-invest-15-million-in-crypto-custody-firm
Did Tron Mislead Investors by Claiming Partnership with Baidu?
https://www.ccn.com/did-tron-mislead-investors-by-claiming-partnership-with-baidu-experts-weigh-in/
Bitfinex Struggles with Banks, Why Are Other Major Bitcoin Exchanges Just Fine?
https://www.ccn.com/bitfinex-struggles-with-banks-why-are-other-major-bitcoin-exchanges-just-fine/
Technical analysis
Daily time frame: https://www.tradingview.com/x/h9Gr6YYQ/
As we expected, price dropped! The resistance area was too strong this time for Bitcoin! Also, we told you that it will try to reach top bb h1 and h4 and it did happen and once it struggled to make close above top bb h4, it was very good short sign!
Now, we are searching for continuation signs! First target was 6380-6400 area now next target is around 6300 area.
H4 time frame: https://www.tradingview.com/x/yPN1lKNN/
As we can see, it didn't close below EMA 50 and low bollinger band so it is still not so bearish. Also volume is very low.
So today we have chance for nice move to $6300 area. Best short area would be between 6415 and 6435. Close above mid bollinger band on H4 would invalidate this trade setup. Safe stop loss is above 6490 (top bollinger band H4 and recent high).
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 53.9% (+0.2%). The total market cap is currently at $208.4 billion (- $2.8 billion). The market volume of the last 24h was $11.7 billion (- $0.6 billion).
Fundamental analysis
Goldman Sachs and Galaxy Digital’s Mike Novogratz Invest $15 Million in Crypto Custody Firm
https://cointelegraph.com/news/goldman-sachs-and-galaxy-digitals-mike-novogratz-invest-15-million-in-crypto-custody-firm
Did Tron Mislead Investors by Claiming Partnership with Baidu?
https://www.ccn.com/did-tron-mislead-investors-by-claiming-partnership-with-baidu-experts-weigh-in/
Bitfinex Struggles with Banks, Why Are Other Major Bitcoin Exchanges Just Fine?
https://www.ccn.com/bitfinex-struggles-with-banks-why-are-other-major-bitcoin-exchanges-just-fine/
Technical analysis
Daily time frame: https://www.tradingview.com/x/h9Gr6YYQ/
As we expected, price dropped! The resistance area was too strong this time for Bitcoin! Also, we told you that it will try to reach top bb h1 and h4 and it did happen and once it struggled to make close above top bb h4, it was very good short sign!
Now, we are searching for continuation signs! First target was 6380-6400 area now next target is around 6300 area.
H4 time frame: https://www.tradingview.com/x/yPN1lKNN/
As we can see, it didn't close below EMA 50 and low bollinger band so it is still not so bearish. Also volume is very low.
So today we have chance for nice move to $6300 area. Best short area would be between 6415 and 6435. Close above mid bollinger band on H4 would invalidate this trade setup. Safe stop loss is above 6490 (top bollinger band H4 and recent high).
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 and Galaxy Digital’s Mike Novogratz Invest $15 Million in Crypto Custody Firm
U.S. crypto wallet and blockchain security firm BitGo gets $15 million from banking giant Goldman Sachs and Galaxy Digital’s Mike Novogratz.
It is October 20th, 2018
BTC dominance is currently at $53.9% (+0.0%). The total market cap is currently at $207.9 billion (- $0.5 billion). The market volume of the last 24h was $10.5 billion (- $1.2 billion).
Fundamental analysis
Ethereum's Constantinople Hard Fork Is Being Delayed Until 2019
https://www.coindesk.com/ethereums-constantinople-hard-fork-is-being-delayed-until-2019/
Lack of Transparency to Blame for Tether’s Loss of USD Peg
https://www.ccn.com/lack-of-transparency-to-blame-for-tethers-loss-of-usd-peg-novogratz/
86% of ICO Tokens Now Worth Less than Initial Cryptocurrency Exchange Listing Price
https://www.ccn.com/86-of-ico-tokens-now-worth-less-than-initial-cryptocurrency-exchange-listing-price/
Technical analysis
Daily time frame : https://www.tradingview.com/x/ZfBdW4d1/
After bearish daily candle from 2 days ago, yesterday's close brought us indecision again. After that close situation is unclear again!
H4 time frame : https://www.tradingview.com/x/E8TMwj05/
On H4 price close below EMA50 and as long as it is below EMA 50, it is more bearish than bullish. Also, in that area there is horizontal resistance so curretly it is still a little bit more bearish than bullish with targets areound 6300.
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 $53.9% (+0.0%). The total market cap is currently at $207.9 billion (- $0.5 billion). The market volume of the last 24h was $10.5 billion (- $1.2 billion).
Fundamental analysis
Ethereum's Constantinople Hard Fork Is Being Delayed Until 2019
https://www.coindesk.com/ethereums-constantinople-hard-fork-is-being-delayed-until-2019/
Lack of Transparency to Blame for Tether’s Loss of USD Peg
https://www.ccn.com/lack-of-transparency-to-blame-for-tethers-loss-of-usd-peg-novogratz/
86% of ICO Tokens Now Worth Less than Initial Cryptocurrency Exchange Listing Price
https://www.ccn.com/86-of-ico-tokens-now-worth-less-than-initial-cryptocurrency-exchange-listing-price/
Technical analysis
Daily time frame : https://www.tradingview.com/x/ZfBdW4d1/
After bearish daily candle from 2 days ago, yesterday's close brought us indecision again. After that close situation is unclear again!
H4 time frame : https://www.tradingview.com/x/E8TMwj05/
On H4 price close below EMA50 and as long as it is below EMA 50, it is more bearish than bullish. Also, in that area there is horizontal resistance so curretly it is still a little bit more bearish than bullish with targets areound 6300.
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!
CoinDesk
Ethereum's Constantinople Hard Fork Is Being Delayed Until 2019 - CoinDesk
Ethereum's next upgrade, Constantinople, has been delayed until next year.
It is October 21st, 2018
BTC dominance is currently at 53.6% (-0.3%). The total market cap is currently at $209.5 billion (+ $1.6 billion). The market volume of the last 24h was $9.8 billion (- $0.7 billion).
Fundamental analysis
Bitfinex: The Rumors of “Insolvency”, Banking Partners’ Escape, and the Suspension of Fiat Deposits
https://cointelegraph.com/news/bitfinex-the-rumors-of-insolvency-banking-partners-escape-and-the-suspension-of-fiat-deposits
Novogratz Says Cryptos Are Safe, Expects Bitcoin to Rally In Q1 2019
https://www.ccn.com/novogratz-says-cryptos-are-safe-expects-bitcoin-to-rally-in-q1-2019/
Stablecoins in a Nutshell…And Why They Can Kill Decentralization
https://www.ccn.com/stablecoins-in-a-nutshell-and-why-they-can-kill-decentralization/
Technical analysis
Daily time frame : https://www.tradingview.com/x/lmEzPAqN/
BTC lost bearish momentum on daily after yesterday's close! Again we are entering ranging market after 5th day in a row closing around the same area. Yesterday's close triggered some bullish momentum that could lead us to 6430 (mid bollinger band), 6450 (the middle of the green area) or 6510 (EMA 50).
Generally market slowed down and best example is fundamental side. We are receiving only some news that are not so important for current price. It is great that a lot of companies are getting into crypto but so far the price is ingoring technical development! So, that's why the fundamental update sometimes is boring but we try to find most interesting and important ones so you do not have to search for them but to check our channel and get all of them in one place.
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 53.6% (-0.3%). The total market cap is currently at $209.5 billion (+ $1.6 billion). The market volume of the last 24h was $9.8 billion (- $0.7 billion).
Fundamental analysis
Bitfinex: The Rumors of “Insolvency”, Banking Partners’ Escape, and the Suspension of Fiat Deposits
https://cointelegraph.com/news/bitfinex-the-rumors-of-insolvency-banking-partners-escape-and-the-suspension-of-fiat-deposits
Novogratz Says Cryptos Are Safe, Expects Bitcoin to Rally In Q1 2019
https://www.ccn.com/novogratz-says-cryptos-are-safe-expects-bitcoin-to-rally-in-q1-2019/
Stablecoins in a Nutshell…And Why They Can Kill Decentralization
https://www.ccn.com/stablecoins-in-a-nutshell-and-why-they-can-kill-decentralization/
Technical analysis
Daily time frame : https://www.tradingview.com/x/lmEzPAqN/
BTC lost bearish momentum on daily after yesterday's close! Again we are entering ranging market after 5th day in a row closing around the same area. Yesterday's close triggered some bullish momentum that could lead us to 6430 (mid bollinger band), 6450 (the middle of the green area) or 6510 (EMA 50).
Generally market slowed down and best example is fundamental side. We are receiving only some news that are not so important for current price. It is great that a lot of companies are getting into crypto but so far the price is ingoring technical development! So, that's why the fundamental update sometimes is boring but we try to find most interesting and important ones so you do not have to search for them but to check our channel and get all of them in one place.
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
Bitfinex: The Rumors of 'Insolvency,' Banking Partners’ Escape, and the Suspension of Fiat Deposits
Fiat deposits are available on Bitfinex, but rumors about its insolvency haven’t been fully dispelled.
Crypto Signals
BTC Long/Short update! Long: https://www.tradingview.com/x/z6qvLmm3/ Short: https://www.tradingview.com/x/WVaY8hq7/ So far, it is following our prediction! The fact that number of shorts dropped around 25%, number of longs dropped 8-10% and price pumped…
Long/Short Ratio Update
Few weeks ago we shared long and short positions and it is time to update that article.
Previous Long : https://www.tradingview.com/x/z6qvLmm3/
Long Update : https://www.tradingview.com/x/RolAgd92/
Previous Short : https://www.tradingview.com/x/WVaY8hq7/**Short Update** : https://www.tradingview.com/x/yLXABnXh/
Our prediction for both was almost perfect! Long is almost in green area, short already reached our support area. The number of both positions is dropping and maybe one of the best confirmations that the ranging period is on and probably may continue further. Why?
Firstly, let me explain what these numbers mean. On BTC Long for example, on chart you see some number around 20270. What does number mean? It is the number of BTC currently in long position. So, currently on Bitfinex we have much more short positions than longs. But, if we check Bitmex, the situation is completelly different! Check out this chart http://prntscr.com/l8iee6
One exchange is extra bullish while other one is extra bearish... hm... what does it mean for us! As I said first time 4-5 weeks ago and then 2nd time a week ago and now 3rd time today, the accumulation time is on and no one knows how much is it going to last. Maybe few more days but maybe few more weeks.
That's why total number of both positions are dropping because members are confused and they rather choose to stay aside and wait for trend to be established to start with trading again. Number of longs on Bitmex is a little bit scary and may easily cause long squeeze but the question is where is the majority of stop loss orders. If that area gets reached, big move may easily happen. But on the other side, look at Bitfinex. Much more short orders. Currently, our opinion is that whales are opening shorts on Bitfinex and will try to cause drop by long squeeze on Bitmex.
October 26th is coming soon when we need to get announcement from SEC about 9 rejected ETF proposals. Potential good news ( probably wont happen) coule turn market bullish easily! More likely they will just confirm rejection but considering last 2 negative decision, I do not think that it may be trigger for big drop! For big drop we need trigger from China or SEC but about new topic because looks like ETF could be only potential bullish because we already know that they are rejected and only change in decision may cause big reversal.
We didn't have right info but considering our previous checks, number of longs on Bitmex is close to all time high so potential long squeeze may lead price easily to 5k area. The question is when, why and what will be trigger for that huge sell off! If we see further increase in number of long positions, long squeeze will be more likely to happen! If that happens, there is no person that will predict the bottom. Bottom will be reached once all stop loss orders get executed!
So, maybe it looks scary but that's our current reality so be ready for every scenario! One more reason is bearish ETH/USD on weekly time frame with potential targets in 100-150 area. It won't happen without big sell off in BTC price!
We are going to monitor future whales actions. You will be informed if we notice weird actions! 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!
Few weeks ago we shared long and short positions and it is time to update that article.
Previous Long : https://www.tradingview.com/x/z6qvLmm3/
Long Update : https://www.tradingview.com/x/RolAgd92/
Previous Short : https://www.tradingview.com/x/WVaY8hq7/**Short Update** : https://www.tradingview.com/x/yLXABnXh/
Our prediction for both was almost perfect! Long is almost in green area, short already reached our support area. The number of both positions is dropping and maybe one of the best confirmations that the ranging period is on and probably may continue further. Why?
Firstly, let me explain what these numbers mean. On BTC Long for example, on chart you see some number around 20270. What does number mean? It is the number of BTC currently in long position. So, currently on Bitfinex we have much more short positions than longs. But, if we check Bitmex, the situation is completelly different! Check out this chart http://prntscr.com/l8iee6
One exchange is extra bullish while other one is extra bearish... hm... what does it mean for us! As I said first time 4-5 weeks ago and then 2nd time a week ago and now 3rd time today, the accumulation time is on and no one knows how much is it going to last. Maybe few more days but maybe few more weeks.
That's why total number of both positions are dropping because members are confused and they rather choose to stay aside and wait for trend to be established to start with trading again. Number of longs on Bitmex is a little bit scary and may easily cause long squeeze but the question is where is the majority of stop loss orders. If that area gets reached, big move may easily happen. But on the other side, look at Bitfinex. Much more short orders. Currently, our opinion is that whales are opening shorts on Bitfinex and will try to cause drop by long squeeze on Bitmex.
October 26th is coming soon when we need to get announcement from SEC about 9 rejected ETF proposals. Potential good news ( probably wont happen) coule turn market bullish easily! More likely they will just confirm rejection but considering last 2 negative decision, I do not think that it may be trigger for big drop! For big drop we need trigger from China or SEC but about new topic because looks like ETF could be only potential bullish because we already know that they are rejected and only change in decision may cause big reversal.
We didn't have right info but considering our previous checks, number of longs on Bitmex is close to all time high so potential long squeeze may lead price easily to 5k area. The question is when, why and what will be trigger for that huge sell off! If we see further increase in number of long positions, long squeeze will be more likely to happen! If that happens, there is no person that will predict the bottom. Bottom will be reached once all stop loss orders get executed!
So, maybe it looks scary but that's our current reality so be ready for every scenario! One more reason is bearish ETH/USD on weekly time frame with potential targets in 100-150 area. It won't happen without big sell off in BTC price!
We are going to monitor future whales actions. You will be informed if we notice weird actions! Stay tuned!
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