It is November 14th, 2018
BTC dominance is currently at 52.6% (+0.2%). The total market cap is currently at $209.9 billion (- $1.1 billion). The market volume of the last 24h was $13.2 billion (+ $0.1 billion).
Fundamental analysis
Japan’s Banking Giant MUFG Signs MoU to Develop Ripple-Based Remittances to Brazil
https://cointelegraph.com/news/japans-banking-giant-mufg-signs-mou-to-develop-ripple-based-remittances-to-brazil
North Korea Hacked Crypto Exchanges and Ran ICOs to Fund Regime
https://www.ccn.com/north-korea-hacked-crypto-exchanges-and-ran-icos-to-fund-regime-report/
Bitcoin Price Decline Will Persist until Mid-2019: Crypto Analyst Willy Woo
https://www.ccn.com/bitcoin-price-decline-will-persist-until-mid-2019-crypto-analyst-willy-woo/
Technical analysis
Daily time frame : https://www.tradingview.com/x/XhM2E5KV/
Daily time frame is again indicating indecision. It is too close to potential support area but last daily was too bearish to consider longing in this area.
If we zoom out and check wider photo, price is still in range. If you remember our post from November 1st where we shared our opinion that November wont offer us some major moves. It is almost the half of the month behind us and major moves didn't happen.
To be honest, it is a little bit more active than in October and it is very positive but no signs of major moves below 6k or above 7k.
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 52.6% (+0.2%). The total market cap is currently at $209.9 billion (- $1.1 billion). The market volume of the last 24h was $13.2 billion (+ $0.1 billion).
Fundamental analysis
Japan’s Banking Giant MUFG Signs MoU to Develop Ripple-Based Remittances to Brazil
https://cointelegraph.com/news/japans-banking-giant-mufg-signs-mou-to-develop-ripple-based-remittances-to-brazil
North Korea Hacked Crypto Exchanges and Ran ICOs to Fund Regime
https://www.ccn.com/north-korea-hacked-crypto-exchanges-and-ran-icos-to-fund-regime-report/
Bitcoin Price Decline Will Persist until Mid-2019: Crypto Analyst Willy Woo
https://www.ccn.com/bitcoin-price-decline-will-persist-until-mid-2019-crypto-analyst-willy-woo/
Technical analysis
Daily time frame : https://www.tradingview.com/x/XhM2E5KV/
Daily time frame is again indicating indecision. It is too close to potential support area but last daily was too bearish to consider longing in this area.
If we zoom out and check wider photo, price is still in range. If you remember our post from November 1st where we shared our opinion that November wont offer us some major moves. It is almost the half of the month behind us and major moves didn't happen.
To be honest, it is a little bit more active than in October and it is very positive but no signs of major moves below 6k or above 7k.
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
Japan’s Banking Giant MUFG Signs MoU to Develop Ripple-Based Remittances to Brazil
Japan and Brazil are the target of a new cryptocurrency-based remittance service based on Ripple.
It is November 15th, 2018
BTC dominance is currently at 53.2% (+0.6%). The total market cap is currently at $184.5 billion (- $25.5 billion). The market volume of the last 24h was $24.0 billion (+ $10.8 billion).
Fundamental analysis
Markets See Massive Sell-Off, Bitcoin Dips Below $5,600 for the First Time in 2018
https://cointelegraph.com/news/markets-see-massive-selloff-bitcoin-dips-below-5-600-for-the-first-time-in-2018
Will Crypto Miners Abandon Craig Wright’s Bitcoin Cash Fork?
https://www.ccn.com/op-ed-will-crypto-miners-abandon-craig-wrights-bitcoin-cash-fork/
Buy or Sell? What Traders Think About Tomorrow’s Bitcoin Cash Fork
https://www.coindesk.com/buy-or-sell-what-traders-think-about-tomorrows-bitcoin-cash-fork
Technical analysis
Daily time frame : https://www.tradingview.com/x/7jJZyKBa/
Where next?
Is there anyone who knows where the price is going to head next?
This could be very important point in crypto history. A lot of rumors about minning war ands that is not good at all. Miners should be compact and work on securing our network not trying to compete with each others.
In our opinion, what ever happens, it will affect price but only in short term because even if some miner giants stop mining some major coins, there will be other that will take their places. I can only suggest is to stay safe and avoid Bitmex. Loses for holders can be recovered but Bitmex could cause huge spikes that will burn out your accounts if you are wrong so do not risk more than you are capable of losing!
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% (+0.6%). The total market cap is currently at $184.5 billion (- $25.5 billion). The market volume of the last 24h was $24.0 billion (+ $10.8 billion).
Fundamental analysis
Markets See Massive Sell-Off, Bitcoin Dips Below $5,600 for the First Time in 2018
https://cointelegraph.com/news/markets-see-massive-selloff-bitcoin-dips-below-5-600-for-the-first-time-in-2018
Will Crypto Miners Abandon Craig Wright’s Bitcoin Cash Fork?
https://www.ccn.com/op-ed-will-crypto-miners-abandon-craig-wrights-bitcoin-cash-fork/
Buy or Sell? What Traders Think About Tomorrow’s Bitcoin Cash Fork
https://www.coindesk.com/buy-or-sell-what-traders-think-about-tomorrows-bitcoin-cash-fork
Technical analysis
Daily time frame : https://www.tradingview.com/x/7jJZyKBa/
Where next?
Is there anyone who knows where the price is going to head next?
This could be very important point in crypto history. A lot of rumors about minning war ands that is not good at all. Miners should be compact and work on securing our network not trying to compete with each others.
In our opinion, what ever happens, it will affect price but only in short term because even if some miner giants stop mining some major coins, there will be other that will take their places. I can only suggest is to stay safe and avoid Bitmex. Loses for holders can be recovered but Bitmex could cause huge spikes that will burn out your accounts if you are wrong so do not risk more than you are capable of losing!
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
Markets See Massive Sell-Off, Bitcoin Dips Below $5,600 for the First Time in 2018
Top coins are seeing major losses across the board, with Bitcoin dipping below $5,600, hitting its lowest price point in 2018.
As the main Bitcoin support is broken, most of you are curious where is the next potential support?
Here is the weekly BTC chart: https://www.tradingview.com/x/achpye4f/
If price closes this weekly candle below first red line (support at 5846), we do not have major support before 2nd red line (potential support at 4624).
What is scary is the fact that liquidity is extremely low on exchanges like Bitmex. It means that we do not need huge volume to see further decline. Even with average volume of first drop we may see further decline because there is no potentail buyers.
One more fact is that upside liquidity is low too. There is no people that are willing to short. It means that in case some potential positive news about main problem ( Hash War ) could cause sudden buying activity that would pump price back to 6k+
Why did drop happen?
One of the strongest mining entities, Bitmain doesn't want to let CSV ( Satoshi Vision of Bitcoin Cash) to overtake Bitcoin Cash ABC and we are currently in hash war. What does it mean?
Firstly, you need basic knowledge about blockchain. The largest chain is actually the valid one. So, once hard fork occurs, the new coin with higher mining power is creating more blocks and it means it becomes larger chain. It means that chain is valid over the second chain.
Now, Bitmain, one of the largest crypto mining company that is owning BTC.COM and AntPool and that is main shareholder of ViaBTC doesn't want to leat Bitcoin Cash SV to overtake Bitcoin ABC. If you do not know, Bitcoin Cash ABC and Bitcoin Cash SV are forked coins from Bitcoin cash.
Bitmain is willing to take part of their hasing power from Bitcoin mining pool to move to Bitcoin Cash ABC mining pool in order to beat Bitcoin Cash SV. As the Bitmain is the main mining company in Bitcoin mining, they are ready to decrease their part in Bitcoin mining in order to win this war. It would cause Bitcoin transactions to slow down, transaction fees would increase from 20% up to 30% and block size would decrease from 1 MB to 0.6 MB.
This could create huge drop in Bitcoin price but we think it will be only short term event and these are 2 main reasons.
Bitmain again, has huge hash power waiting on the side. This mining machines are not working yet and it is not small part but huge. So, if they move part of they active mining power to Bitcoin cash ABC, they could easilt turn on these inactive machines and become the biggest in Bitcoin again and everything would be stable again.
Another reason is that Bitmain is willing to go online and they are thinking about IPO. If they causew drop in Bitcoin price by mining manipulation, they could be sued by investors and other mining pools and it would cause IPO to be postponed or even canceled and we think that is something they do not want.
So, mining war is between Bitcoin Cash ABC and Bitcoin Cash SV, two new forked coins of Bitcoin cash. The war is not between real Bitcoin that is worth currently $5500 but between 2 Bitcoin Cash forks.
It could affect Bitcoin price because part of Bitcoin mining hash power could be moved to Bitcoin Cash ABC in order to beat Bitcoin Cash SV. So, potential decrease in Bitcoin hash power is main reason why investors are scared.
But good news that Bitmain has huge inactive mining power that could be activated very soon and they can get the Bitcoin hash power to normal and everything would be in normal again. So, thats why we suggest members 2 things. Avoid margin trading because even spikes to 4k could happen but also all the way up to 7k because there is no liquidity and price can move very fast. Another suggestion is not to panic because this could last few weeks and everything would be back to normal and it probably include price to normal.
Here is the weekly BTC chart: https://www.tradingview.com/x/achpye4f/
If price closes this weekly candle below first red line (support at 5846), we do not have major support before 2nd red line (potential support at 4624).
What is scary is the fact that liquidity is extremely low on exchanges like Bitmex. It means that we do not need huge volume to see further decline. Even with average volume of first drop we may see further decline because there is no potentail buyers.
One more fact is that upside liquidity is low too. There is no people that are willing to short. It means that in case some potential positive news about main problem ( Hash War ) could cause sudden buying activity that would pump price back to 6k+
Why did drop happen?
One of the strongest mining entities, Bitmain doesn't want to let CSV ( Satoshi Vision of Bitcoin Cash) to overtake Bitcoin Cash ABC and we are currently in hash war. What does it mean?
Firstly, you need basic knowledge about blockchain. The largest chain is actually the valid one. So, once hard fork occurs, the new coin with higher mining power is creating more blocks and it means it becomes larger chain. It means that chain is valid over the second chain.
Now, Bitmain, one of the largest crypto mining company that is owning BTC.COM and AntPool and that is main shareholder of ViaBTC doesn't want to leat Bitcoin Cash SV to overtake Bitcoin ABC. If you do not know, Bitcoin Cash ABC and Bitcoin Cash SV are forked coins from Bitcoin cash.
Bitmain is willing to take part of their hasing power from Bitcoin mining pool to move to Bitcoin Cash ABC mining pool in order to beat Bitcoin Cash SV. As the Bitmain is the main mining company in Bitcoin mining, they are ready to decrease their part in Bitcoin mining in order to win this war. It would cause Bitcoin transactions to slow down, transaction fees would increase from 20% up to 30% and block size would decrease from 1 MB to 0.6 MB.
This could create huge drop in Bitcoin price but we think it will be only short term event and these are 2 main reasons.
Bitmain again, has huge hash power waiting on the side. This mining machines are not working yet and it is not small part but huge. So, if they move part of they active mining power to Bitcoin cash ABC, they could easilt turn on these inactive machines and become the biggest in Bitcoin again and everything would be stable again.
Another reason is that Bitmain is willing to go online and they are thinking about IPO. If they causew drop in Bitcoin price by mining manipulation, they could be sued by investors and other mining pools and it would cause IPO to be postponed or even canceled and we think that is something they do not want.
So, mining war is between Bitcoin Cash ABC and Bitcoin Cash SV, two new forked coins of Bitcoin cash. The war is not between real Bitcoin that is worth currently $5500 but between 2 Bitcoin Cash forks.
It could affect Bitcoin price because part of Bitcoin mining hash power could be moved to Bitcoin Cash ABC in order to beat Bitcoin Cash SV. So, potential decrease in Bitcoin hash power is main reason why investors are scared.
But good news that Bitmain has huge inactive mining power that could be activated very soon and they can get the Bitcoin hash power to normal and everything would be in normal again. So, thats why we suggest members 2 things. Avoid margin trading because even spikes to 4k could happen but also all the way up to 7k because there is no liquidity and price can move very fast. Another suggestion is not to panic because this could last few weeks and everything would be back to normal and it probably include price to normal.
Our opinion on Bitcoin Cash ABC and Bitcoin Cash SV is that it is nonsense. Bitcoin Cash community was already quite low in comparison to Bitcoin and now once it is splitted into 2 new chains, it would cause split in price and support so our opinion is that this wont happen any of these coins. The potential mining war could cause the death of one of them because defeated chain would probably die and winning one will continue its way to achieve its targets.
The hash war would affect both of these entities. It is just ego and nothing else. This is how rich people are playing with their money. Both of them are multibillionaire companies. Bitcoin is great change in future of money but it didn't exclude power of the minority. Cryprocurrencies are future but it is question if Bitcoin is future. It didn't achieve its main goal to be decentralized. If 2 entities can play with their money and affect all of us, it is best example of centralization.
We hope you got enough information to create hour own opinion. Avoid margin trading and calm down and think twice before doing anything!
To your success, CS Team!
https://news.1rj.ru/str/CryptoExpertSignals
The hash war would affect both of these entities. It is just ego and nothing else. This is how rich people are playing with their money. Both of them are multibillionaire companies. Bitcoin is great change in future of money but it didn't exclude power of the minority. Cryprocurrencies are future but it is question if Bitcoin is future. It didn't achieve its main goal to be decentralized. If 2 entities can play with their money and affect all of us, it is best example of centralization.
We hope you got enough information to create hour own opinion. Avoid margin trading and calm down and think twice before doing anything!
To your success, CS Team!
https://news.1rj.ru/str/CryptoExpertSignals
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The main goal of this channel is to share an unbiased opinion on the crypto market from a technical and fundamental point of view.
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Link: https://news.1rj.ru/str/CryptoExpertSignals
If you like our work, you can support us by sharing our channel with your friends.
Link: https://news.1rj.ru/str/CryptoExpertSignals
It is November 16th, 2018
BTC dominance is currently 52.8% (-0.4%). The total market cap is currently at $184.4 billion (- $0.1 billion). The market volume of the last 24h was $19.4 billion (- $4.6 billion).
Brian Kelly: Bitcoin Price Decline Will be a Short-Term Event
https://www.ccn.com/brian-kelly-bitcoin-price-decline-will-be-a-short-term-event/
Crypto Market Recovers, But Could Bitcoin Price Fall to $4,800?
https://www.ccn.com/crypto-market-recovers-but-could-bitcoin-price-fall-to-4800/
**
Hours After Bitcoin Cash Network Update Begins, Bitcoin ABC Over 10 Blocks Ahead**
https://cointelegraph.com/news/hours-after-bitcoin-cash-network-update-begins-bitcoin-abc-over-10-blocks-ahead
Technical analysis
Daily time frame : https://www.tradingview.com/x/YNooQX8w/
After 2 days of huge moves, looks like Bitcoin is calming down. The weekend is coming and very important days. It would be very good to see BTC back above 5800 to close around support this week. Otherwise it would us to at least few weeks below 6k.
We are currently scalping the market because it offers a lot of potential but we are trying to be as fast as possible because we do not want to expose our money to this wild west.
Weekly close would give us much more answers so we are waiting for that
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 52.8% (-0.4%). The total market cap is currently at $184.4 billion (- $0.1 billion). The market volume of the last 24h was $19.4 billion (- $4.6 billion).
Brian Kelly: Bitcoin Price Decline Will be a Short-Term Event
https://www.ccn.com/brian-kelly-bitcoin-price-decline-will-be-a-short-term-event/
Crypto Market Recovers, But Could Bitcoin Price Fall to $4,800?
https://www.ccn.com/crypto-market-recovers-but-could-bitcoin-price-fall-to-4800/
**
Hours After Bitcoin Cash Network Update Begins, Bitcoin ABC Over 10 Blocks Ahead**
https://cointelegraph.com/news/hours-after-bitcoin-cash-network-update-begins-bitcoin-abc-over-10-blocks-ahead
Technical analysis
Daily time frame : https://www.tradingview.com/x/YNooQX8w/
After 2 days of huge moves, looks like Bitcoin is calming down. The weekend is coming and very important days. It would be very good to see BTC back above 5800 to close around support this week. Otherwise it would us to at least few weeks below 6k.
We are currently scalping the market because it offers a lot of potential but we are trying to be as fast as possible because we do not want to expose our money to this wild west.
Weekly close would give us much more answers so we are waiting for that
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
Brian Kelly: Bitcoin Price Decline Will be a Short-Term Event
For the first time in three months, Bitcoin initiated its first major move. BTC plunged by more than 11 percent, engaging an intense sell-off.
It is November 17th, 2018
BTC dominance is currently at 53.0% (+0.2%). The total market cap is currently at $182.9 billion (- $1.5 billion). The market volume of the last 24h was $15.3 billion (- $4.1 billion).
Fundamental analysis
51% Attack? Bitcoin Wins Ron Paul Investor Poll [Again]
https://www.ccn.com/51-attack-bitcoin-wins-ron-paul-investor-poll-again/
How to Recover Your Wallet if Your Private Keys Are Lost
https://cointelegraph.com/news/how-to-recover-your-wallet-if-your-private-keys-are-lost
Bitcoin Charts Suggest Price Bounce May Be Coming
https://www.coindesk.com/bitcoin-price-pattern-suggests-a-bounce-may-be-coming
Technical analysis
Hourly time frame : https://www.tradingview.com/x/OrVHqkQo/
We decided to use hourly time frame in this update because it shows the best current situation. The price is in this channel and currently it is forming potential inverse head and shoulders price pattern.
In case we see close above upper green area, also known as neckline, price may pump up.
On the other side, close below lower green area would cancel this price pattern and we would head again down to test support around 5200 and even more lower if support gets broken.
Wait for either close above or below the areas because trying to guess the outcome whiule the price is still in channel would be pretty risky!
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 53.0% (+0.2%). The total market cap is currently at $182.9 billion (- $1.5 billion). The market volume of the last 24h was $15.3 billion (- $4.1 billion).
Fundamental analysis
51% Attack? Bitcoin Wins Ron Paul Investor Poll [Again]
https://www.ccn.com/51-attack-bitcoin-wins-ron-paul-investor-poll-again/
How to Recover Your Wallet if Your Private Keys Are Lost
https://cointelegraph.com/news/how-to-recover-your-wallet-if-your-private-keys-are-lost
Bitcoin Charts Suggest Price Bounce May Be Coming
https://www.coindesk.com/bitcoin-price-pattern-suggests-a-bounce-may-be-coming
Technical analysis
Hourly time frame : https://www.tradingview.com/x/OrVHqkQo/
We decided to use hourly time frame in this update because it shows the best current situation. The price is in this channel and currently it is forming potential inverse head and shoulders price pattern.
In case we see close above upper green area, also known as neckline, price may pump up.
On the other side, close below lower green area would cancel this price pattern and we would head again down to test support around 5200 and even more lower if support gets broken.
Wait for either close above or below the areas because trying to guess the outcome whiule the price is still in channel would be pretty risky!
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 November 18th, 2018.
BTC dominance is currently at 52.4% (-0.6%). The total market cap is currently at $185.6 billion (+ $2.7 billion). The market volume of the last 24h was $13.3 billion (- $2.0 billion).
Fundamental analysis
‘Bitcoin’s No Longer Boring,’ Price Heading Towards $1.5K, Say Bloomberg Analysts
https://cointelegraph.com/news/bitcoins-no-longer-boring-price-heading-towards-15k-say-bloomberg-analysts
Fundstrat’s Tom Lee Predicts Bitcoin Recovery, But Lowers End-Year Target to $15K
https://cointelegraph.com/news/fundstrats-tom-lee-predicts-bitcoin-recovery-but-lowers-end-year-target-to-15k
I would like to analyse these two articles.
Firstly, bearish article has 3 times more views than bullish one. What does it mean?
These are 2 possible reasons.
First one is that market is still fearful and that they are forgetting about bullish scenario. Same thing did happen in December 2017 when they forget bearish scenario.
Another reason is that whales or maybe even this media site is advertising more this bearish news to cause increase in bearish sentiment.
So, something worth mentioning because just few months before I am sure the ratio would be quite different.
If you read article about Bloomberg analysis, they mentioned only one statement.
“There’s a small chance that, it’s difficult to estimate, that something really bad could happen related to Bitcoin Cash that could then impact the entire crypto market.”
I think this is quite different from noscript of this article. Are they trying to share fake news and create fake negative hype?
He said that he gives small chance and they used that to say that market is going down and everything is over. I am not saying 4.5k can't be reached but this is just one example how media is manipulating the market.
Never trust the noscript but rather read the article and build your own opinion. Try to stand out of the crowd and think by yourself for yourself.
Technical analysis
Hourly time frame : https://www.tradingview.com/x/mXjUbV5S/
Bitcoin is still in the channel, approaching currently lower area. Is it going to break out or come back to lower area?
That's not an easy question. Considering close above EMA 50 on H1 and above midbb H4, we have nice chance for up move but without close above 5600 it is still just an idea.
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 52.4% (-0.6%). The total market cap is currently at $185.6 billion (+ $2.7 billion). The market volume of the last 24h was $13.3 billion (- $2.0 billion).
Fundamental analysis
‘Bitcoin’s No Longer Boring,’ Price Heading Towards $1.5K, Say Bloomberg Analysts
https://cointelegraph.com/news/bitcoins-no-longer-boring-price-heading-towards-15k-say-bloomberg-analysts
Fundstrat’s Tom Lee Predicts Bitcoin Recovery, But Lowers End-Year Target to $15K
https://cointelegraph.com/news/fundstrats-tom-lee-predicts-bitcoin-recovery-but-lowers-end-year-target-to-15k
I would like to analyse these two articles.
Firstly, bearish article has 3 times more views than bullish one. What does it mean?
These are 2 possible reasons.
First one is that market is still fearful and that they are forgetting about bullish scenario. Same thing did happen in December 2017 when they forget bearish scenario.
Another reason is that whales or maybe even this media site is advertising more this bearish news to cause increase in bearish sentiment.
So, something worth mentioning because just few months before I am sure the ratio would be quite different.
If you read article about Bloomberg analysis, they mentioned only one statement.
“There’s a small chance that, it’s difficult to estimate, that something really bad could happen related to Bitcoin Cash that could then impact the entire crypto market.”
I think this is quite different from noscript of this article. Are they trying to share fake news and create fake negative hype?
He said that he gives small chance and they used that to say that market is going down and everything is over. I am not saying 4.5k can't be reached but this is just one example how media is manipulating the market.
Never trust the noscript but rather read the article and build your own opinion. Try to stand out of the crowd and think by yourself for yourself.
Technical analysis
Hourly time frame : https://www.tradingview.com/x/mXjUbV5S/
Bitcoin is still in the channel, approaching currently lower area. Is it going to break out or come back to lower area?
That's not an easy question. Considering close above EMA 50 on H1 and above midbb H4, we have nice chance for up move but without close above 5600 it is still just an idea.
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 November 19th, 2018
BTC dominance is currently at 53.0% (+0.6%). The total market cap is currently at $182.7 billion (- $2.9 billion). The market volume of the last 24h was $13.8 billion (+ $0.5 billion).
Fundamental analysis
Major Swiss Stock Exchange SIX Lists World’s First Multi-Crypto ETP Amidst Market Collapse
https://cointelegraph.com/news/major-swiss-stock-exchange-six-lists-the-worlds-first-crypto-etp-amidst-market-collapse
Bitcoin Cash Hard Fork Battle: Who Is Winning the Hash War
https://cointelegraph.com/news/bitcoin-cash-hard-fork-battle-who-is-winning-the-hash-war
Technical analysis
4h time frame : https://www.tradingview.com/x/ygl0YSus/
BTC went up but hardly rejected and it is again in 5500 area. As we said yesterday, it has bullish momentum but rejection was pretty hard so it is hard to say where we are heading now. Considering weekly close that was pretty bearish, we have chance to see at least test of last week low.
So, consider looking for short entries more than long ones.
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 53.0% (+0.6%). The total market cap is currently at $182.7 billion (- $2.9 billion). The market volume of the last 24h was $13.8 billion (+ $0.5 billion).
Fundamental analysis
Major Swiss Stock Exchange SIX Lists World’s First Multi-Crypto ETP Amidst Market Collapse
https://cointelegraph.com/news/major-swiss-stock-exchange-six-lists-the-worlds-first-crypto-etp-amidst-market-collapse
Bitcoin Cash Hard Fork Battle: Who Is Winning the Hash War
https://cointelegraph.com/news/bitcoin-cash-hard-fork-battle-who-is-winning-the-hash-war
Technical analysis
4h time frame : https://www.tradingview.com/x/ygl0YSus/
BTC went up but hardly rejected and it is again in 5500 area. As we said yesterday, it has bullish momentum but rejection was pretty hard so it is hard to say where we are heading now. Considering weekly close that was pretty bearish, we have chance to see at least test of last week low.
So, consider looking for short entries more than long ones.
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
Major Swiss Stock Exchange SIX Lists World’s First Multi-Crypto ETP Amidst Market Collapse
The fourth largest European stock exchange, SIX Swiss Exchange, will list the world’s first multi-crypto exchange-traded product next week.
BTC update: https://www.tradingview.com/x/w48iACCX/
Looks like yesterdays fakeout and weekly close triggered one more sell off.
It is testing the lowest point of this potential falling wedge. If it doesn't hold out, we are leaving 5k and entering 4k area.
Looks like yesterdays fakeout and weekly close triggered one more sell off.
It is testing the lowest point of this potential falling wedge. If it doesn't hold out, we are leaving 5k and entering 4k area.
It is November 20th, 2018
BTC dominance is currently at 54.0% (+1.0%). The total market cap is currently at $146.0 billion (- $36.7 billion). The market volume of the last 24h was $21.9 billion (+ $8.1 billion).
Technical analysis
Monthly time frame : https://www.tradingview.com/x/vyGxFV1X/
Weekly time frame : https://www.tradingview.com/x/uarTXuwj/
3D time frame : https://www.tradingview.com/x/7EDkjKzQ/
Massive sell off in last 36 hours. Bitcoin is currently testing small support around 4300 and if that one gets broken, next one is around 3700.
It is clear that falling wedge is not active anymore. As you can see on weekly time frame, it broke below and the bullish scenario is canceled.
No one knows where this drop is going stop. After potential pullback, most likely we will end up around 3500-3800 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 54.0% (+1.0%). The total market cap is currently at $146.0 billion (- $36.7 billion). The market volume of the last 24h was $21.9 billion (+ $8.1 billion).
Technical analysis
Monthly time frame : https://www.tradingview.com/x/vyGxFV1X/
Weekly time frame : https://www.tradingview.com/x/uarTXuwj/
3D time frame : https://www.tradingview.com/x/7EDkjKzQ/
Massive sell off in last 36 hours. Bitcoin is currently testing small support around 4300 and if that one gets broken, next one is around 3700.
It is clear that falling wedge is not active anymore. As you can see on weekly time frame, it broke below and the bullish scenario is canceled.
No one knows where this drop is going stop. After potential pullback, most likely we will end up around 3500-3800 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!
Where is the bottom of this correction?
In 3 years from now, you will wish you bought today. You will wish you didn't sell because I know most of you did.
Your emotions caused you to sell.
Is this the end of crypto era?
What about ...
... Bakkt that is going to be launched on December 12th 2018?
... ETF that is most likely going to be approved in Q1 2019?
... institutional money that is floating in?
This is final warning, if you didn't sell before, do not sell now!
I am not financial advisor but I do not have to be in order to see the kind of opportunity you are going to miss if you sell right now.
By selling you are going to accept the huge loss and all hopes about better future will be lost!
If you have extra money, put that into the crypto because that $100 that you are going to spend on dinner with your friends could worth 10 times. That money you thought to spend on the car is going to bring you nothing but nice car and a lot of expenses. But if you invest that money in crypto, it could change not only your life but lives of people around you! Think of the future and forget about these price fluctuations and manipulations.
Crypto is here to stay!
In 3 years from now, you will wish you bought today. You will wish you didn't sell because I know most of you did.
Your emotions caused you to sell.
Is this the end of crypto era?
What about ...
... Bakkt that is going to be launched on December 12th 2018?
... ETF that is most likely going to be approved in Q1 2019?
... institutional money that is floating in?
This is final warning, if you didn't sell before, do not sell now!
I am not financial advisor but I do not have to be in order to see the kind of opportunity you are going to miss if you sell right now.
By selling you are going to accept the huge loss and all hopes about better future will be lost!
If you have extra money, put that into the crypto because that $100 that you are going to spend on dinner with your friends could worth 10 times. That money you thought to spend on the car is going to bring you nothing but nice car and a lot of expenses. But if you invest that money in crypto, it could change not only your life but lives of people around you! Think of the future and forget about these price fluctuations and manipulations.
Crypto is here to stay!
Who is winning Bitcoin Cash war?
No one!
Both mining pools are mining Bitcoin Cash ABC and Bitcoin Cash SV at a loss. It is just the question when one of them is going to give up. Not only one of them but maybe even both of them because mining at the loss doesn't make any sense.
Most of the community says that mining Bitcoin is not profitable but look at these numbers and let me know your opinion: http://prntscr.com/lkoqb4
Mining Bitcoin is still profitable while mining Bitcoin Cash ABC and Bitcoin Cash SV is making both of these sides losses.
By the end of this month, we expect to see the end of the war.
The outcome is very simple. The coin that used to have a lot of fans disappeared and we have now two coins without any future. Both are destroying themselves and it is just the question when they are going to stop opperating.
All of this is proving that the only real Bitcoin is actually Bitcoin and that all of the others are just short term media stars and nothing else. That's why focus on future.
Hold Bitcoin! Because the mindset behind Bitcoin cash for example is limited. Increasing the blocksize is never going to be solution but rather scaling solutions such as Lighting Network or something new that is going to appear.
No one!
Both mining pools are mining Bitcoin Cash ABC and Bitcoin Cash SV at a loss. It is just the question when one of them is going to give up. Not only one of them but maybe even both of them because mining at the loss doesn't make any sense.
Most of the community says that mining Bitcoin is not profitable but look at these numbers and let me know your opinion: http://prntscr.com/lkoqb4
Mining Bitcoin is still profitable while mining Bitcoin Cash ABC and Bitcoin Cash SV is making both of these sides losses.
By the end of this month, we expect to see the end of the war.
The outcome is very simple. The coin that used to have a lot of fans disappeared and we have now two coins without any future. Both are destroying themselves and it is just the question when they are going to stop opperating.
All of this is proving that the only real Bitcoin is actually Bitcoin and that all of the others are just short term media stars and nothing else. That's why focus on future.
Hold Bitcoin! Because the mindset behind Bitcoin cash for example is limited. Increasing the blocksize is never going to be solution but rather scaling solutions such as Lighting Network or something new that is going to appear.
Lightshot
Screenshot
Captured with Lightshot
In an announcement on Medium, Bakkt CEO saying that the “volume of interest” in the company and the “work required to get all the pieces in place” contributed to the delay.
https://medium.com/bakkt-blog/launch-and-faqs-e1a3f7691d7b
https://medium.com/bakkt-blog/launch-and-faqs-e1a3f7691d7b
Medium
Launch update + reader FAQs
Bakkt Warehouse to feature warm & cold wallet insurance
It is November 21th, 2018
BTC dominance is currently at 53,5 (-1.0%). The total market cap is currently at $147.0 billion (+$1 billion). The market volume of the last 24h was $24.9 billion (+ $3 billion).
Fundamental analysis
Bakkt is delaying its launch
https://www.coindesk.com/ices-bakkt-delays-bitcoin-futures-launch-to-january
As we all know, this bloodbath began on November 14th. Since then, Bitcoin has lost 30% of its value and the 50 billion dollars has left the market.
This feels like capitulation across the crypto markets. Faith was lost in a crypto price once 2018 lows were smashed.
In our opinion, this all plays into market cycle psychology. This drop breaks many crypto investors. 2018 had been already very rough but this last move introduces the idea that maybe crypto isn't "the future of money" afterall??
We are here to tell you this is simply not the case! A lot of weak hands was shaken out this year and we believe that this most recent move shake out last weak men standing! Who stayed now will stay even if BTC drops further.
Price action can be depressing in its current state but it is important to look at how the space is evolving with new market participants building new products and innovating every day. Bitcoin is down over 75% from its all-time high but it is still the best performing asset class in the last 5 years. It has dwarfed stocks, bonds, currencies and commodities since inception too.
Ignore the noise, trust the code.
Is this capitulation??
Well technically, not yet. We need to see a bounce to confirm capitulation. What you should know about capitulation is that it's not the market bottom, prices usually continue their bear trend after a solid bounce, then consolidate slightly lower losing volatility.
We're looking to for confirmation once Bitcoin trends back about $5k and breaks above $6k!
In the traditional market, this could take another year to play out. But this is crypto; a market made up of low volume, high volatility, and valued at only $150bn as a whole. Things happen very quickly in this space. For now we will not swing short BTC at this price. Because of huge volatility we recommend scalping but be extra careful!
*Technical Analysis
Monthly time frame: At support https://www.tradingview.com/x/6mSyc9hl/
Weekly time frame: At support - https://www.tradingview.com/x/hHmHBuPK/
Daily time frame : At support - https://www.tradingview.com/x/AWuo9vNt/
4H time frame: At support - https://www.tradingview.com/x/eZEAxKnr/
As we shared in yesterdays post about Bitcoin Cash war, Bitcoin mining is currently not profitable for normal miners but for mining pools it is still profitable as long as it is above $3500.
Miners are playing huge role in this game so it is hard to imagine dropping below $3500 or even $4000. They will do all they can to prevent to mine at loss. Maybe they will be able to mine few days or few weeks at the loss but not more than that. So, spike through $3500 is possible but to expect to see price there for weeks or months is not likely to happen.
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
To your success, CS Team!
BTC dominance is currently at 53,5 (-1.0%). The total market cap is currently at $147.0 billion (+$1 billion). The market volume of the last 24h was $24.9 billion (+ $3 billion).
Fundamental analysis
Bakkt is delaying its launch
https://www.coindesk.com/ices-bakkt-delays-bitcoin-futures-launch-to-january
As we all know, this bloodbath began on November 14th. Since then, Bitcoin has lost 30% of its value and the 50 billion dollars has left the market.
This feels like capitulation across the crypto markets. Faith was lost in a crypto price once 2018 lows were smashed.
In our opinion, this all plays into market cycle psychology. This drop breaks many crypto investors. 2018 had been already very rough but this last move introduces the idea that maybe crypto isn't "the future of money" afterall??
We are here to tell you this is simply not the case! A lot of weak hands was shaken out this year and we believe that this most recent move shake out last weak men standing! Who stayed now will stay even if BTC drops further.
Price action can be depressing in its current state but it is important to look at how the space is evolving with new market participants building new products and innovating every day. Bitcoin is down over 75% from its all-time high but it is still the best performing asset class in the last 5 years. It has dwarfed stocks, bonds, currencies and commodities since inception too.
Ignore the noise, trust the code.
Is this capitulation??
Well technically, not yet. We need to see a bounce to confirm capitulation. What you should know about capitulation is that it's not the market bottom, prices usually continue their bear trend after a solid bounce, then consolidate slightly lower losing volatility.
We're looking to for confirmation once Bitcoin trends back about $5k and breaks above $6k!
In the traditional market, this could take another year to play out. But this is crypto; a market made up of low volume, high volatility, and valued at only $150bn as a whole. Things happen very quickly in this space. For now we will not swing short BTC at this price. Because of huge volatility we recommend scalping but be extra careful!
*Technical Analysis
Monthly time frame: At support https://www.tradingview.com/x/6mSyc9hl/
Weekly time frame: At support - https://www.tradingview.com/x/hHmHBuPK/
Daily time frame : At support - https://www.tradingview.com/x/AWuo9vNt/
4H time frame: At support - https://www.tradingview.com/x/eZEAxKnr/
As we shared in yesterdays post about Bitcoin Cash war, Bitcoin mining is currently not profitable for normal miners but for mining pools it is still profitable as long as it is above $3500.
Miners are playing huge role in this game so it is hard to imagine dropping below $3500 or even $4000. They will do all they can to prevent to mine at loss. Maybe they will be able to mine few days or few weeks at the loss but not more than that. So, spike through $3500 is possible but to expect to see price there for weeks or months is not likely to happen.
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
To your success, CS Team!
Coindesk
ICE's Bakkt Delays Bitcoin Futures Launch
Bakkt has delayed the launch of its bitcoin futures launch to January 2019.
Black Friday for everyone
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This is Limited offer Offer expires 24.11.2018
We decided to give huge discount for our Paid Group first time since our channel exists!!
Offer is 50% Discount to Join Our Paid Channel.
The Actual Lifetime Membership Fee is 1000$
But You Have to Pay Only 500$ to Join (50% Off)
You will be added to Paid Channel + Our Paid Group Chat where is 400+ paid members, there you can make new connections and exchange FA and TA with other traders.
For more informations and payment options contact @cryptosignalsadmin
This is Limited offer Offer expires 24.11.2018
Crypto Signals pinned «Black Friday for everyone We decided to give huge discount for our Paid Group first time since our channel exists!! Offer is 50% Discount to Join Our Paid Channel. The Actual Lifetime Membership Fee is 1000$ But You Have to Pay Only 500$ to Join (50%…»
It is November 22nd, 2018
BTC dominance is currently at 53.1% (- 0.4%). The total market cap is currently at $150.5 billion (+ $3.5 billion). The market volume of the last 24h was $17.1 billion (- $7.8 billion).
Fundamental analysis
Crypto Venture Capital Exec Compares Bitcoin to Post Dot-Com Bubble Amazon
https://cointelegraph.com/news/crypto-venture-capital-exec-compares-bitcoin-to-post-dot-com-bubble-amazon
If you go back to the internet bubble, which is what a lot of us in crypto look at for direction, Amazon, arguably one of the greatest companies in the history of the mankind, was down over 95 percent over two years.
Amazon went public in May 1997, with its share price of $18 per each. By December 1998, the company’s share price surged to more than $300 per share, but right after the dot-com bubble burst in March 2000, the share price slumped to just under $6 per share. Over time, Amazon managed to become the second U.S. company to reach a market value of $1 trillion and price of $2000 per share. The current share price is $1515.
Kerner said that current volatility is nothing compared to what longtime BTC investors have encountered, recalling a day in 2013 when the market fell by 70 percent overnight. “This is what investing in crypto is all about,” Kerner added, also noting that the impact of all great technological changes is overestimated in the short term and underestimated in the long term.
The venture capitalist further stated that Bitcoin is “**the greatest store of value ever created,**” adding that the leading cryptocurrency will surpass gold over time.
Technical analysis
3D time frame : https://www.tradingview.com/x/4ZRVoN1H/
Bitcoin is slowing down a little bit comparing to last few days but it is still very volatile with moves of $100-200.
It is currently below 4600 support and holding at mid support (4200).
Considering yesterday post and the fact about mining profitability, further decline to $3600 is possible but not below that area because it would danger mining profitability.
As always, spike through support area are possible but to expect to see Bitcoin below $3500 for weeks is not likely to happen.
Take this time as amaing opportunity for accumulating. The fact is that our market cap is just $150 billion tells you that it is too far from reaching its full potential. Considering market cap of gold that is $8 trillion, we have too much room to grow. Only reaching 10% of that would be very profitable. We are sure crypto is capable of achieving much more.
We do not want to compare with stock market cap that is currently around $60 trillion because we are still too far from that but achieving 10% of its value would launch us 50x from current market cap.
Never forget the full potential. Crypto is overestimated in short term and underestimated in long term.
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 53.1% (- 0.4%). The total market cap is currently at $150.5 billion (+ $3.5 billion). The market volume of the last 24h was $17.1 billion (- $7.8 billion).
Fundamental analysis
Crypto Venture Capital Exec Compares Bitcoin to Post Dot-Com Bubble Amazon
https://cointelegraph.com/news/crypto-venture-capital-exec-compares-bitcoin-to-post-dot-com-bubble-amazon
If you go back to the internet bubble, which is what a lot of us in crypto look at for direction, Amazon, arguably one of the greatest companies in the history of the mankind, was down over 95 percent over two years.
Amazon went public in May 1997, with its share price of $18 per each. By December 1998, the company’s share price surged to more than $300 per share, but right after the dot-com bubble burst in March 2000, the share price slumped to just under $6 per share. Over time, Amazon managed to become the second U.S. company to reach a market value of $1 trillion and price of $2000 per share. The current share price is $1515.
Kerner said that current volatility is nothing compared to what longtime BTC investors have encountered, recalling a day in 2013 when the market fell by 70 percent overnight. “This is what investing in crypto is all about,” Kerner added, also noting that the impact of all great technological changes is overestimated in the short term and underestimated in the long term.
The venture capitalist further stated that Bitcoin is “**the greatest store of value ever created,**” adding that the leading cryptocurrency will surpass gold over time.
Technical analysis
3D time frame : https://www.tradingview.com/x/4ZRVoN1H/
Bitcoin is slowing down a little bit comparing to last few days but it is still very volatile with moves of $100-200.
It is currently below 4600 support and holding at mid support (4200).
Considering yesterday post and the fact about mining profitability, further decline to $3600 is possible but not below that area because it would danger mining profitability.
As always, spike through support area are possible but to expect to see Bitcoin below $3500 for weeks is not likely to happen.
Take this time as amaing opportunity for accumulating. The fact is that our market cap is just $150 billion tells you that it is too far from reaching its full potential. Considering market cap of gold that is $8 trillion, we have too much room to grow. Only reaching 10% of that would be very profitable. We are sure crypto is capable of achieving much more.
We do not want to compare with stock market cap that is currently around $60 trillion because we are still too far from that but achieving 10% of its value would launch us 50x from current market cap.
Never forget the full potential. Crypto is overestimated in short term and underestimated in long term.
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 Venture Capital Exec Compares Bitcoin to Post Dot-Com Bubble Amazon
CryptoOracle partner Lou Kerner said that strong cryptocurrencies should be viewed like the big companies that came out on top after the dot-com bubble.
Read Public Disclosure: Malicious GasToken Minting
https://medium.com/level-k/public-disclosure-malicious-gastoken-minting-236b2f8ace38
https://medium.com/level-k/public-disclosure-malicious-gastoken-minting-236b2f8ace38
Medium
Public Disclosure: Malicious GasToken Minting
This is a public disclosure of a newly discovered vulnerability. Some affected parties have already been notified in a private disclosure…