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…
Most of people are arguing if the block size of Bitcoin is enough. That's why they forked Bitcoin to Bitcoin Cash to increase block size. Then, few days ago we saw one more fork that splitted community into 2 parts. Those who thinks 32 MB per block is enough and those who think that it is not enough and that it has to increase to 128 MB.
Most of them are not getting the point of the blockchain. Fixed blocksize will reach its limit sooner or later we should look for other solution.
Best solution at the moment is scaling solution that is done through Lighting network.
Check out below detailed explanation about Lighting Network
Most of them are not getting the point of the blockchain. Fixed blocksize will reach its limit sooner or later we should look for other solution.
Best solution at the moment is scaling solution that is done through Lighting network.
Check out below detailed explanation about Lighting Network
It is November 23rd, 2018
BTC dominance is currently at 53.6% (+0.5%). The total market cap is currently at $139.4 billion (- $11.1 billion). The market volume of the last 24h was $14.4 billion (- $2.7 billion).
Fundamental analysis
China: Crypto Miners Sell off Mining Devices ‘by Kilo’ Amidst Market Decline
https://cointelegraph.com/news/china-crypto-miners-sell-off-mining-devices-by-kilo-amidst-market-decline
Main question right now is about mining and if that is profitable for miners to mine Bitcoin?
We are not going to follow the crowd and listen to the rumours but rather check real data on Blockchain and let you know the real truth about mining profitability. In the post after this market update, we will cover this topic so make sure you read that article.
While one side is turning off their machines, others are buying more and expanding their business (Bitmain).
Whole article read below after this market update.
Technical analysis
3D time frame : https://www.tradingview.com/x/NGK3l6qK/
We are looking at this time frame because daily is currenlty too small time frame for general market and weekly is a little bit too big so 3D is kinda ideal.
What we see on this time frame is that it is currently forming potential doji candle that is well known as reversal sign. This candle is closing today so in case it closes as doji, it will create potential bullish momentum and we may see some up moves.
On the other side, if price closes below 4100-4000, the bullish scenario is going to be canceled and we will get bearish mometum and trigger for 3600-3700 area.
We are currently scalping the market because it offers a lot of volatility and our main focus is on short entries. If we see bullish close on 3D, we will check 1D and H4 and look for long entries as well.
In case of bullish scenario we will get mometum to 5000-5200 area and in case bearish, we will target 3600-3700 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 53.6% (+0.5%). The total market cap is currently at $139.4 billion (- $11.1 billion). The market volume of the last 24h was $14.4 billion (- $2.7 billion).
Fundamental analysis
China: Crypto Miners Sell off Mining Devices ‘by Kilo’ Amidst Market Decline
https://cointelegraph.com/news/china-crypto-miners-sell-off-mining-devices-by-kilo-amidst-market-decline
Main question right now is about mining and if that is profitable for miners to mine Bitcoin?
We are not going to follow the crowd and listen to the rumours but rather check real data on Blockchain and let you know the real truth about mining profitability. In the post after this market update, we will cover this topic so make sure you read that article.
While one side is turning off their machines, others are buying more and expanding their business (Bitmain).
Whole article read below after this market update.
Technical analysis
3D time frame : https://www.tradingview.com/x/NGK3l6qK/
We are looking at this time frame because daily is currenlty too small time frame for general market and weekly is a little bit too big so 3D is kinda ideal.
What we see on this time frame is that it is currently forming potential doji candle that is well known as reversal sign. This candle is closing today so in case it closes as doji, it will create potential bullish momentum and we may see some up moves.
On the other side, if price closes below 4100-4000, the bullish scenario is going to be canceled and we will get bearish mometum and trigger for 3600-3700 area.
We are currently scalping the market because it offers a lot of volatility and our main focus is on short entries. If we see bullish close on 3D, we will check 1D and H4 and look for long entries as well.
In case of bullish scenario we will get mometum to 5000-5200 area and in case bearish, we will target 3600-3700 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!
Cointelegraph
China: Crypto Miners Sell off Mining Devices ‘by Kilo’ Amidst Market Decline
Chinese crypto miners are reportedly selling their mining equipment “by kilo,” as they have reached the “shutdown price” amidst the recent market crash.
Mining profitability
Main question, is it true that miners are turning off their machines?
According to data we have, the hash rate is dropping so it is true that some of the mining machines are being turned off!
http://prntscr.com/llv39p
As you can see, at its peak, hash rate was around 60 000 000 TH/s. At the moment it is at 40 000 000 TH/s. It means that 1/3 of the mining equipment is turned off. But, we saw these drops to 40 000 000 3 more times in period from late August 2018 to the late October 2018.
But, we are still having 4 times more hash rate than we had in December 2017 while the market is 75% down. It means that technology is way better and it grew a lot in last 12 months.
Hashrate distribution
http://prntscr.com/llv44c
We can see that BTC.COM and Antpool are growing with hashrate. If we consider that others are turning off their machines, they are at least keeping their machines on or even buying more.
BTC.COM and Antpool are under Bitmain control. Also, Bitmain is share holder of ViaBTC mining pool. Considering this, Bitmain is controlling around 45% of the mining hashrate.
Difficulty
http://prntscr.com/llv4vv
As you can see it is dropping too. What does difficulty mean?
As you may know, mining is process where miners are trying to solve mathematical problem in order to get mining reward. If the difficulty is high, it means that problem is harder to be solved and it lead us to conclusion that they are getting less mining reward.
On the other side, when it is dropping, it means that mathematical proiblem gets easier for them to solve and that they are getting more mining reward.
This means that these mining pools that are still active are going to earn more Bitcoin than they used to earn before and it means their mining will be profitable again.
This means that the price decrease is going to cause decrease in mining hashrate that is going to cause decrease in difficulty that is going to increase mining reward for the miners.
So, this seems not so bad at all, right?
What is the disadvantage of this?
As there is less mining hashrate, the only problem could be increase in transaction fees. Let's see if there is increase.
Transaction fees
http://prntscr.com/llv6k5
http://prntscr.com/llv6pi
http://prntscr.com/llv6vw
As you can see, there is slightly increase but it can't be even compared to increase in 2017. In our opinion, it doesn't matter if you pay 5 cents or 20 cents for transaction. As long as it is below $1, it is more than affordable.
So, to conclude, the drop didn't affect mining at all. The transaction fees and speed is still very good so at this price range, mining is not in danger.
At the end, for those that are curios how mining was profitable in 2017 at $1000 for example, here is quick explanation.
Simply, there were less miners. For example, in April 2017, total hash rate was 4 000 000 TH/s. It means 10 times lower than current rate. It means 10 times less miners roughly.
At the same time, difficulty was 15 times lower than current rate.
Block reward was 25 BTC instead of 12.5 BTC at the moment because halving happened in the middle of 2017. If you do not know, halving is the process that cause decrease in block reward by 2 ever 4 years. In 2021 it will be decreased from 12.5 BTC to 6.25 BTC and so on.
If we consider all of this, we see clearly the reason why it was much more profitable.
Mining is in a bubble, further decrease my happen but considering scaling solution such as Lighting Network, we think Bitcoin is safe and that both miners and community will be satisfied.
All data that were used in this post are coming from blockchain.com
We hope you get some value this article! If you like it, you can support us by inviting your friends to join us: https://news.1rj.ru/str/CryptoExpertSignals
Main question, is it true that miners are turning off their machines?
According to data we have, the hash rate is dropping so it is true that some of the mining machines are being turned off!
http://prntscr.com/llv39p
As you can see, at its peak, hash rate was around 60 000 000 TH/s. At the moment it is at 40 000 000 TH/s. It means that 1/3 of the mining equipment is turned off. But, we saw these drops to 40 000 000 3 more times in period from late August 2018 to the late October 2018.
But, we are still having 4 times more hash rate than we had in December 2017 while the market is 75% down. It means that technology is way better and it grew a lot in last 12 months.
Hashrate distribution
http://prntscr.com/llv44c
We can see that BTC.COM and Antpool are growing with hashrate. If we consider that others are turning off their machines, they are at least keeping their machines on or even buying more.
BTC.COM and Antpool are under Bitmain control. Also, Bitmain is share holder of ViaBTC mining pool. Considering this, Bitmain is controlling around 45% of the mining hashrate.
Difficulty
http://prntscr.com/llv4vv
As you can see it is dropping too. What does difficulty mean?
As you may know, mining is process where miners are trying to solve mathematical problem in order to get mining reward. If the difficulty is high, it means that problem is harder to be solved and it lead us to conclusion that they are getting less mining reward.
On the other side, when it is dropping, it means that mathematical proiblem gets easier for them to solve and that they are getting more mining reward.
This means that these mining pools that are still active are going to earn more Bitcoin than they used to earn before and it means their mining will be profitable again.
This means that the price decrease is going to cause decrease in mining hashrate that is going to cause decrease in difficulty that is going to increase mining reward for the miners.
So, this seems not so bad at all, right?
What is the disadvantage of this?
As there is less mining hashrate, the only problem could be increase in transaction fees. Let's see if there is increase.
Transaction fees
http://prntscr.com/llv6k5
http://prntscr.com/llv6pi
http://prntscr.com/llv6vw
As you can see, there is slightly increase but it can't be even compared to increase in 2017. In our opinion, it doesn't matter if you pay 5 cents or 20 cents for transaction. As long as it is below $1, it is more than affordable.
So, to conclude, the drop didn't affect mining at all. The transaction fees and speed is still very good so at this price range, mining is not in danger.
At the end, for those that are curios how mining was profitable in 2017 at $1000 for example, here is quick explanation.
Simply, there were less miners. For example, in April 2017, total hash rate was 4 000 000 TH/s. It means 10 times lower than current rate. It means 10 times less miners roughly.
At the same time, difficulty was 15 times lower than current rate.
Block reward was 25 BTC instead of 12.5 BTC at the moment because halving happened in the middle of 2017. If you do not know, halving is the process that cause decrease in block reward by 2 ever 4 years. In 2021 it will be decreased from 12.5 BTC to 6.25 BTC and so on.
If we consider all of this, we see clearly the reason why it was much more profitable.
Mining is in a bubble, further decrease my happen but considering scaling solution such as Lighting Network, we think Bitcoin is safe and that both miners and community will be satisfied.
All data that were used in this post are coming from blockchain.com
We hope you get some value this article! If you like it, you can support us by inviting your friends to join us: https://news.1rj.ru/str/CryptoExpertSignals
Lightshot
Screenshot
Captured with Lightshot
This is how real scalping looks like https://www.tradingview.com/x/c5o92388
We caught move of $150 today in our paid group. The trade reached its target in less than 3 hours! 💪❤️
We caught move of $150 today in our paid group. The trade reached its target in less than 3 hours! 💪❤️
Forwarded from Future Crypto Experts - Paid Channel
Hello, we hope you are doing great!
Here is the Bitcoin m15 chart: https://www.tradingview.com/x/WdbzSO5S
If you are trying to scalp in this market, look for these 2 lower areas as potential long entries since H4 close was bullish and from that area you can target upper green.
If the lower two areas gets broken, we will recheck our analysis and find new areas of interest.
Good luck
Here is the Bitcoin m15 chart: https://www.tradingview.com/x/WdbzSO5S
If you are trying to scalp in this market, look for these 2 lower areas as potential long entries since H4 close was bullish and from that area you can target upper green.
If the lower two areas gets broken, we will recheck our analysis and find new areas of interest.
Good luck
It is November 24th, 2018
BTC dominance is currently at 53.8% (+ 0.2%). The total market cap is currentlyn at $141.2 billlion (+ $1.8 billion). The market volume of the last 24h was $13.9 billion (- $0.5 billion).
Fundamental analysis
Bitcoin Price Eyes Double Bottom Reversal After $4K Defense
https://www.coindesk.com/bitcoin-price-eyes-double-bottom-reversal-after-4k-defensebitcoin-price-eyes-recovery-after-defense-of-long-term-support
Read it carefully it show us some major price levels. Also, it gives us what should happen to confirm bullish or bearish price setup.
Technical analysis
3D time frame : https://www.tradingview.com/x/XAIXrTN0/
As we mentioned yesterday, we got close we were looking for. After this close, it has same chances for either uptrend or continuation of downtrend. In less bearish market, this would be very bullish candle close but in this market it gives us sign to look for both long and short scalp or swing entries.
Downward target is 3600-3700 area. Uptrend targets are firstly 4600-4700 and then all the way up to 5100-5200.
Weekly close that is coming plays very important role. Last 2 weekly closes triggered big selloffs of almost $1000 each so it worht keeping your eyes on weekly candle close.
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% (+ 0.2%). The total market cap is currentlyn at $141.2 billlion (+ $1.8 billion). The market volume of the last 24h was $13.9 billion (- $0.5 billion).
Fundamental analysis
Bitcoin Price Eyes Double Bottom Reversal After $4K Defense
https://www.coindesk.com/bitcoin-price-eyes-double-bottom-reversal-after-4k-defensebitcoin-price-eyes-recovery-after-defense-of-long-term-support
Read it carefully it show us some major price levels. Also, it gives us what should happen to confirm bullish or bearish price setup.
Technical analysis
3D time frame : https://www.tradingview.com/x/XAIXrTN0/
As we mentioned yesterday, we got close we were looking for. After this close, it has same chances for either uptrend or continuation of downtrend. In less bearish market, this would be very bullish candle close but in this market it gives us sign to look for both long and short scalp or swing entries.
Downward target is 3600-3700 area. Uptrend targets are firstly 4600-4700 and then all the way up to 5100-5200.
Weekly close that is coming plays very important role. Last 2 weekly closes triggered big selloffs of almost $1000 each so it worht keeping your eyes on weekly candle close.
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
Bitcoin Price Eyes Double Bottom Reversal After $4K Defense
Bitcoin's defense of key long-term support for the second time in four days is a positive sign for a potential recovery rally.
It is November 25th, 2018
BTC dominance is currently at 54.1% (+0.3%). The total market cap is currently at $120.0 billion (- $21.2 billion). The market volume of the last 24h was $15.6 billion (+ $1.7 billion).
Weekly time frame : https://www.tradingview.com/x/FprVHzYm/
Bitcoin at major weekly area of 3600.
Is this going to be broken, is this going to hold us from further decline? Hard to say. Looking at this weekly candle that is about to close today, looks like there is nothing stopping us from further decline.
It is useless to look at lower time frames since we have this weekly candle. There should happen miracle to invalidate this candle. It is hard to imagine price closing like this and not going further down next week. At lest creating shadow through these supports.
For accumulation, at 82% from its all time high is of course great but long option still doesn't look smart idea. There is not increase in short positions. It is still the same so some short squeeze is not going to happen easily.
We saw potential bullish scenario after 3D close but once flag was broken down, it was clear that bullish scenario doesn't have too much chance to happen.
Near future is still very bearish, where the price is going to stop is just a question that nobody probably knows!
But, the community dreamed about these prices. I wish I bough BTC at $3k was one of the most frequent messages I saw last year. Here you are 🍴
The meal is served! You can accumulate as much as you want but at the moment the most frequent messages are "I wish I sold at $6k"
Time flies, who knows what will be the most frequent message in 3 months from now or even 3 years?
BTC dominance is currently at 54.1% (+0.3%). The total market cap is currently at $120.0 billion (- $21.2 billion). The market volume of the last 24h was $15.6 billion (+ $1.7 billion).
Weekly time frame : https://www.tradingview.com/x/FprVHzYm/
Bitcoin at major weekly area of 3600.
Is this going to be broken, is this going to hold us from further decline? Hard to say. Looking at this weekly candle that is about to close today, looks like there is nothing stopping us from further decline.
It is useless to look at lower time frames since we have this weekly candle. There should happen miracle to invalidate this candle. It is hard to imagine price closing like this and not going further down next week. At lest creating shadow through these supports.
For accumulation, at 82% from its all time high is of course great but long option still doesn't look smart idea. There is not increase in short positions. It is still the same so some short squeeze is not going to happen easily.
We saw potential bullish scenario after 3D close but once flag was broken down, it was clear that bullish scenario doesn't have too much chance to happen.
Near future is still very bearish, where the price is going to stop is just a question that nobody probably knows!
But, the community dreamed about these prices. I wish I bough BTC at $3k was one of the most frequent messages I saw last year. Here you are 🍴
The meal is served! You can accumulate as much as you want but at the moment the most frequent messages are "I wish I sold at $6k"
Time flies, who knows what will be the most frequent message in 3 months from now or even 3 years?
Forwarded from Future Crypto Experts - Paid Channel
Bitmex funding rate
What is funding rate? It is commission that traders pay or get for holding opened position ever 8 hours.
It changes time to time. If the funding rate is 0.05% it means that someone will receive and someone will pay that commission. It is not commission for exchange but commission from members to members.
Sometimes shorts pay to longs and sometimes longs pay to shorts.
This is the link where you can find that information: https://www.bitmex.com/app/contract/XBTUSD
Why is this important?
Funding is usually around 0.05% up to 0.08%. Last funding was 0.25% while the funding for next 8h is 0.16%.
Shorts pay to longs. It seems not important but it is very important.
Funding of 0.25% is huge commission for shorts because in one day you have to pay 3 times that commission and paying 0.75% is huge money. Especially because you pay from your money and if you use leverage, it is going to increase. If you use leverage 10x, you are going to pay 7.5% just funding commission.
This is just informative warning for you to take look at this because now shorts are paying huge commission just for holding position.
This is one of reasons why we focus on scalps to avoid paying huge funding and also because scalps are currently offering huge opportunity.
So, take care of the funding rate. We do not say to avoid shorting because of this but just keep that fee in mind. Maybe you can wait for entry after funding to avoid paying that fee.
Pay attention also because it’s changing and sometimes longs pay finding fee.
This is mentioned because there is a lot of questions about maker ad taker fees and most of people igore fudig rate. Market fee is 0.075% and you pay it once. Fudig rate is every 8 hours ad it goes all the way up to 0.25% so if you care about maker and taker fees, funding rate is even more important for you to pay attention to.
To your success, CS Team!
What is funding rate? It is commission that traders pay or get for holding opened position ever 8 hours.
It changes time to time. If the funding rate is 0.05% it means that someone will receive and someone will pay that commission. It is not commission for exchange but commission from members to members.
Sometimes shorts pay to longs and sometimes longs pay to shorts.
This is the link where you can find that information: https://www.bitmex.com/app/contract/XBTUSD
Why is this important?
Funding is usually around 0.05% up to 0.08%. Last funding was 0.25% while the funding for next 8h is 0.16%.
Shorts pay to longs. It seems not important but it is very important.
Funding of 0.25% is huge commission for shorts because in one day you have to pay 3 times that commission and paying 0.75% is huge money. Especially because you pay from your money and if you use leverage, it is going to increase. If you use leverage 10x, you are going to pay 7.5% just funding commission.
This is just informative warning for you to take look at this because now shorts are paying huge commission just for holding position.
This is one of reasons why we focus on scalps to avoid paying huge funding and also because scalps are currently offering huge opportunity.
So, take care of the funding rate. We do not say to avoid shorting because of this but just keep that fee in mind. Maybe you can wait for entry after funding to avoid paying that fee.
Pay attention also because it’s changing and sometimes longs pay finding fee.
This is mentioned because there is a lot of questions about maker ad taker fees and most of people igore fudig rate. Market fee is 0.075% and you pay it once. Fudig rate is every 8 hours ad it goes all the way up to 0.25% so if you care about maker and taker fees, funding rate is even more important for you to pay attention to.
To your success, CS Team!
Bitmex
BitMEX | Bitcoin Mercantile Exchange
Trade Bitcoin and other cryptocurrencies with up to 100x leverage. Fast execution, low fees, Bitcoin futures and swaps: available only on BitMEX.
It is November 26th, 2018
BTC dominance is currently at 53.9% (-0.2%). The total market cap is currently at $129,2 billion (+ $9.2 billion). The market volume of the last 24h was $19.6 billion (+ $4.0 billion).
Fundamental analysis
Weekly time frame : https://www.tradingview.com/x/LXFLTwPp/
Daily time frame : https://www.tradingview.com/x/z3lyuweZ/
We saw very good bounce off yesterday but it didn't help so much weekly candle that is still too bearish. This weekly close tells us that price could go at least one more time to test 3600 support and even 3000 support.
But the bounce off was important because it showed that there are interest in the buying.
We are currently doing long and hosrt scalps according to trade setups.
The current sentiment is positive because of yesterdays up move but if we don't break above 4200 area and close, most likely we are going down slowly but steady.
So, the trend is still bearish but at least we saw that there is interest at support area of 3600. To confirm that interest we need to see further move above 4100-4200 otherwise we are going down again!
BTC dominance is currently at 53.9% (-0.2%). The total market cap is currently at $129,2 billion (+ $9.2 billion). The market volume of the last 24h was $19.6 billion (+ $4.0 billion).
Fundamental analysis
Weekly time frame : https://www.tradingview.com/x/LXFLTwPp/
Daily time frame : https://www.tradingview.com/x/z3lyuweZ/
We saw very good bounce off yesterday but it didn't help so much weekly candle that is still too bearish. This weekly close tells us that price could go at least one more time to test 3600 support and even 3000 support.
But the bounce off was important because it showed that there are interest in the buying.
We are currently doing long and hosrt scalps according to trade setups.
The current sentiment is positive because of yesterdays up move but if we don't break above 4200 area and close, most likely we are going down slowly but steady.
So, the trend is still bearish but at least we saw that there is interest at support area of 3600. To confirm that interest we need to see further move above 4100-4200 otherwise we are going down again!
It is November 27th, 2018
BTC dominance is currently at 53.1% (-0.8%). The total market cap is currently at $121.3 billion (- $7.9 billion). The market volume of the last 24h was $18.4 billion (- $1.2 billion).
Technical analysis
Weekly time frame : https://www.tradingview.com/x/GHyP7tMY/
Bitcoin is still showing downward momentum to 3k support.
There is a lot of action around 3.6k support and it is good sign but we think that 3k will be targeted and probably the final target of this sell off. Then, once that price is reached, if 3k holds out, we may enter consolidation phase around 3.5-4.5k for some time.
All in all, the market is still very bearish.
H4 time frame : https://www.tradingview.com/x/awvMXGCU/
This time frame shows very good the battle around 3.6k support. For not it is holding and if it wants to hold, we need price above 4.0k because everything else we will extra bearish.
To your success, CS Team!
BTC dominance is currently at 53.1% (-0.8%). The total market cap is currently at $121.3 billion (- $7.9 billion). The market volume of the last 24h was $18.4 billion (- $1.2 billion).
Technical analysis
Weekly time frame : https://www.tradingview.com/x/GHyP7tMY/
Bitcoin is still showing downward momentum to 3k support.
There is a lot of action around 3.6k support and it is good sign but we think that 3k will be targeted and probably the final target of this sell off. Then, once that price is reached, if 3k holds out, we may enter consolidation phase around 3.5-4.5k for some time.
All in all, the market is still very bearish.
H4 time frame : https://www.tradingview.com/x/awvMXGCU/
This time frame shows very good the battle around 3.6k support. For not it is holding and if it wants to hold, we need price above 4.0k because everything else we will extra bearish.
To your success, CS Team!
Are Institutional Investors Accumulating Bitcoin
There are popular tweets, such as:
Retail: ‘should I sell and buy back lower? should I open a short? should I just give up? is it going to zero? was this whole crypto thing a scam after all?’
Institutions: ‘please keep selling us cheap bitcoin. thank you.’”
But the question is, are they really accumulating Bitcoin?
Rrofessional traders and institutional investors are highly cautious in accumulating new assets and often invest in a way that it has minimal impact on the short-term price trend of the asset or the currency.
They are never going to put huge sell or buy wall. They are never going to execute trade all at once. They are buying step by step by using bots that are executing trades of $10 each. If we spot them accumulating, then we will start doing it too and that's what they avoid.
The problem, however, is concluding that ‘because institutional investors are buying, price will immediately go up.
If they are accumulating, it means they are keeping price low to accumulate as much as they want.
Institutional investors tend to invest in speculative assets through the over-the-counter (OTC) market. In the case of Bitcoin, due to its lack of liquidity, institutional investors have to rely on trusted custodians like Coinbase Custody and Fidelity Digital Assets to purchase or sell large sums of BTC.
OTC market operators and custodial solution providers are not obliged to share their trading volumes **and as a result, data held by OTC exchanges is rarely released to the public. Because of the lack of information offered by OTC exchanges, **it is difficult to back up claims that institutions are accumulating BTC to a large extent.
It remains unclear whether institutions are merely interested in cryptocurrencies or are actively accumulating Bitcoin as a long-term investment.
Currently, the demand for Coinbase Custody, Bakkt, and Fidelity DIgital Assets is one of the limited ways to justify institutional demand for crypto and recently, Bakkt confirmed that the demand is growing rapidly.
Apart from Instituons, what about whales? Are they selling, buying more of just holding?
If we take look at top100 richest Bitcoin addresses (https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html), we do not see too much action. Some of them are buying, some of them are selling but apart from that, the majority is holding.
What is clear that weak hands are going to leave crypto world. In our opinion it is too important for the future of the world so we do not expect to see the end of crypto world. We do not know if Bitcoin, Ethereum, Ripple and others are going to make it, but crypto in general is going to survive and keep fighting for decentralised world.
To your success, CS Team!
There are popular tweets, such as:
Retail: ‘should I sell and buy back lower? should I open a short? should I just give up? is it going to zero? was this whole crypto thing a scam after all?’
Institutions: ‘please keep selling us cheap bitcoin. thank you.’”
But the question is, are they really accumulating Bitcoin?
Rrofessional traders and institutional investors are highly cautious in accumulating new assets and often invest in a way that it has minimal impact on the short-term price trend of the asset or the currency.
They are never going to put huge sell or buy wall. They are never going to execute trade all at once. They are buying step by step by using bots that are executing trades of $10 each. If we spot them accumulating, then we will start doing it too and that's what they avoid.
The problem, however, is concluding that ‘because institutional investors are buying, price will immediately go up.
If they are accumulating, it means they are keeping price low to accumulate as much as they want.
Institutional investors tend to invest in speculative assets through the over-the-counter (OTC) market. In the case of Bitcoin, due to its lack of liquidity, institutional investors have to rely on trusted custodians like Coinbase Custody and Fidelity Digital Assets to purchase or sell large sums of BTC.
OTC market operators and custodial solution providers are not obliged to share their trading volumes **and as a result, data held by OTC exchanges is rarely released to the public. Because of the lack of information offered by OTC exchanges, **it is difficult to back up claims that institutions are accumulating BTC to a large extent.
It remains unclear whether institutions are merely interested in cryptocurrencies or are actively accumulating Bitcoin as a long-term investment.
Currently, the demand for Coinbase Custody, Bakkt, and Fidelity DIgital Assets is one of the limited ways to justify institutional demand for crypto and recently, Bakkt confirmed that the demand is growing rapidly.
Apart from Instituons, what about whales? Are they selling, buying more of just holding?
If we take look at top100 richest Bitcoin addresses (https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html), we do not see too much action. Some of them are buying, some of them are selling but apart from that, the majority is holding.
What is clear that weak hands are going to leave crypto world. In our opinion it is too important for the future of the world so we do not expect to see the end of crypto world. We do not know if Bitcoin, Ethereum, Ripple and others are going to make it, but crypto in general is going to survive and keep fighting for decentralised world.
To your success, CS Team!
BitInfoCharts
Top 100 Richest Bitcoin Addresses and Bitcoin distribution
Top 100 Richest Bitcoin Addresses. Bitcoin distribution.
Nasdaq Plans to Pursue Bitcoin Futures Despite Plunging Prices, Sources Say
https://www.bloomberg.com/amp/news/articles/2018-11-27/nasdaq-is-said-to-pursue-bitcoin-futures-despite-plunging-prices?__twitter_impression=true
https://www.bloomberg.com/amp/news/articles/2018-11-27/nasdaq-is-said-to-pursue-bitcoin-futures-despite-plunging-prices?__twitter_impression=true
Bloomberg.com
Nasdaq Plans to Pursue Bitcoin Futures Despite Plunging Prices, Sources Say
The New York exchange operator, which was first reported to be eyeing Bitcoin futures last year, wants to allow trading in the first quarter of 2019.
It is November 28th, 2018
BTC dominance is currently at 53.4 % (+0.3%). The total market cap is currently at $131.6 billion (+ $10.3 billion). The market volume of the last 24h was $17.5 billion (- $0.9 billion).
Fundamental analysis
Bitcoin ETFs Roadblocked by Lack of Safeguards, SEC's Chief Says
https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2018-11-27/bitcoin-etfs-roadblocked-by-lack-of-safeguards-sec-s-chief-says
The head of the Securities and Exchange Commission said Tuesday that concern over a lack of investor protections makes it unlikely that his agency will approve a Bitcoin exchange-traded fund anytime soon.
ICOs Sold More Than 100,000 ETH in the Past Seven Days
https://www.trustnodes.com/2018/11/26/icos-sold-more-than-100000-eth-in-the-past-seven-days
Initial Coin Offerings (ICOs) have sold more than 202,000 eth in the past 30 days, with more than half of it, ◊119,000, sold in the past seven days.
Technical analysis
Weekly chart : https://www.tradingview.com/x/8c9KdffD/
H4 time frame : https://www.tradingview.com/x/VVe5iGty/
Weekly support at 3600 is holding very good so far. On H4 you can see clearly double bottom formed. We are not saying that the end of the bottom is reached but at least short term trend can be bullish.
Next resistance on daily time frame is at $4250.
To your success, CS Team!
BTC dominance is currently at 53.4 % (+0.3%). The total market cap is currently at $131.6 billion (+ $10.3 billion). The market volume of the last 24h was $17.5 billion (- $0.9 billion).
Fundamental analysis
Bitcoin ETFs Roadblocked by Lack of Safeguards, SEC's Chief Says
https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2018-11-27/bitcoin-etfs-roadblocked-by-lack-of-safeguards-sec-s-chief-says
The head of the Securities and Exchange Commission said Tuesday that concern over a lack of investor protections makes it unlikely that his agency will approve a Bitcoin exchange-traded fund anytime soon.
ICOs Sold More Than 100,000 ETH in the Past Seven Days
https://www.trustnodes.com/2018/11/26/icos-sold-more-than-100000-eth-in-the-past-seven-days
Initial Coin Offerings (ICOs) have sold more than 202,000 eth in the past 30 days, with more than half of it, ◊119,000, sold in the past seven days.
Technical analysis
Weekly chart : https://www.tradingview.com/x/8c9KdffD/
H4 time frame : https://www.tradingview.com/x/VVe5iGty/
Weekly support at 3600 is holding very good so far. On H4 you can see clearly double bottom formed. We are not saying that the end of the bottom is reached but at least short term trend can be bullish.
Next resistance on daily time frame is at $4250.
To your success, CS Team!
Bloomberg.com
Bitcoin ETFs Roadblocked by Lack of Safeguards, SEC's Chief Says
The head of the Securities and Exchange Commission said Tuesday that concern over a lack of investor protections makes it unlikely that his agency will approve a Bitcoin exchange-traded fund anytime soon.
Almost year ago, the day before the beginning of the bloodbath. One year later, after breaking frist support of 5500, we are testing second support at 3600.
While others are sharing their successful predictions of predicting drop from 6000 to 3600, we can say that we shared bearish prediction just $50 below the all time high, at the highest point of bullish sentiment and market euphoria. 😉
While others are sharing their successful predictions of predicting drop from 6000 to 3600, we can say that we shared bearish prediction just $50 below the all time high, at the highest point of bullish sentiment and market euphoria. 😉
Forwarded from Crypto Signals
What will happen if BTC to test support again. I will just say that first potential support is at $5500, 2nd is at $3600 and 3rd one is at $1800. Isn't this scary?
It is November 29th, 2018
BTC dominance is currently at 53.6% (+0.2%). The total market cap is currently at $135.5 billion (+ $3.9 billion). The market volume of the last 24h was $20.3 billion (+ $2.8 billion).
Fundamental analysis :
Despite cryptocurrency crash, Amazon sees opportunity to embrace blockchain
https://www.cnbc.com/2018/11/28/aws-announces-new-blockchain-services-at-reinvent.html?__source=facebook%7Ccrypto+
Amazon has launched Amazon Managed Blockchain platform which supports Ethereum and Hyperledger Fabric.
Major US Crypto Exchange Coinbase Launches OTC Crypto Trading for Institutional Investors
https://cointelegraph.com/news/major-us-crypto-exchange-coinbase-launches-otc-crypto-trading-for-institutional-investors
Opening OTC is the beginning of huge accumulation.
By the way, what is OTC market?
What is an 'Over-The-Counter Market'
A decentralized market, without a central physical location, where market participants trade with one another through various communication modes such as the telephone, email, and proprietary electronic trading systems. An over-the-counter (OTC) market and an exchange market are the two basic ways of organizing financial markets. In an OTC market, dealers act as market-makers by quoting prices at which they will buy and sell a security, currency, or other financial products. A trade can be executed between two participants in an OTC market without others being aware of the price at which the transaction was completed. In general, OTC markets are typically less transparent than exchanges and are also subject to fewer regulations.
In short, they can buy or sell as much as they want without revealing it to the public. This is the favourite way of accumulating for Instituations because they can buy as much as they want without affecting prices.
The price could be affected in case of some smart AI finds big transactions but you never know the nature of random transactions.
After this event, it could be clear that Institutions are coming, if they are not already here!
Technical analysis
Bullish scenario : https://www.tradingview.com/x/IJZfXW7K/
Bearish Scenario : https://www.tradingview.com/x/Wc0Xs5Dg/
Market is finally looking good after 2 weeks of huge selloff. I am not saying again the bottom is reached for that we need confirmation on weekly time frame and we are still too far from that but this bullish action could lead us towards 4500 at least.
Currently, daily candle found resistance around 4250 as we said yesterday so it is important area and very strong resistance.
If that resistance gets broken, next one is at 4500 and after that one, we do not have any major resistance all the way up until 5500.
To your success, CS Team!
BTC dominance is currently at 53.6% (+0.2%). The total market cap is currently at $135.5 billion (+ $3.9 billion). The market volume of the last 24h was $20.3 billion (+ $2.8 billion).
Fundamental analysis :
Despite cryptocurrency crash, Amazon sees opportunity to embrace blockchain
https://www.cnbc.com/2018/11/28/aws-announces-new-blockchain-services-at-reinvent.html?__source=facebook%7Ccrypto+
Amazon has launched Amazon Managed Blockchain platform which supports Ethereum and Hyperledger Fabric.
Major US Crypto Exchange Coinbase Launches OTC Crypto Trading for Institutional Investors
https://cointelegraph.com/news/major-us-crypto-exchange-coinbase-launches-otc-crypto-trading-for-institutional-investors
Opening OTC is the beginning of huge accumulation.
By the way, what is OTC market?
What is an 'Over-The-Counter Market'
A decentralized market, without a central physical location, where market participants trade with one another through various communication modes such as the telephone, email, and proprietary electronic trading systems. An over-the-counter (OTC) market and an exchange market are the two basic ways of organizing financial markets. In an OTC market, dealers act as market-makers by quoting prices at which they will buy and sell a security, currency, or other financial products. A trade can be executed between two participants in an OTC market without others being aware of the price at which the transaction was completed. In general, OTC markets are typically less transparent than exchanges and are also subject to fewer regulations.
In short, they can buy or sell as much as they want without revealing it to the public. This is the favourite way of accumulating for Instituations because they can buy as much as they want without affecting prices.
The price could be affected in case of some smart AI finds big transactions but you never know the nature of random transactions.
After this event, it could be clear that Institutions are coming, if they are not already here!
Technical analysis
Bullish scenario : https://www.tradingview.com/x/IJZfXW7K/
Bearish Scenario : https://www.tradingview.com/x/Wc0Xs5Dg/
Market is finally looking good after 2 weeks of huge selloff. I am not saying again the bottom is reached for that we need confirmation on weekly time frame and we are still too far from that but this bullish action could lead us towards 4500 at least.
Currently, daily candle found resistance around 4250 as we said yesterday so it is important area and very strong resistance.
If that resistance gets broken, next one is at 4500 and after that one, we do not have any major resistance all the way up until 5500.
To your success, CS Team!
CNBC
Despite cryptocurrency crash, Amazon sees opportunity to embrace blockchain
Amazon Web Services CEO Andy Jassy unveiled two new blockchain products at the AWS re:Invent conference in Las Vegas Wednesday. Undeterred by the crash in crypto prices, Jassy said he's responding to customer demand.