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.
BTC daily:
Yesterday candle showing power, until now we see nothing
more than a bearish retest of previous consolidation. To truly
turn bullish we want to see 4450+.
Two day to go to turn monthly good (4723)
Can the bulls preform a miracle?
https://www.tradingview.com/x/eJu84szJ/
Yesterday candle showing power, until now we see nothing
more than a bearish retest of previous consolidation. To truly
turn bullish we want to see 4450+.
Two day to go to turn monthly good (4723)
Can the bulls preform a miracle?
https://www.tradingview.com/x/eJu84szJ/
Bullish scenario: https://www.tradingview.com/x/IJZfXW7K/
Bullish scenario update: https://www.tradingview.com/x/BzMtaXQt/
This is how perfect setup works 😎
Bullish scenario update: https://www.tradingview.com/x/BzMtaXQt/
This is how perfect setup works 😎
Using coinmarketcap.com is good idea totrack market situation?
This is going to be education post about best source to track data about cryptocurrencies.
Firstly, the best solution is to use at least 2 sources of information because to rely just on one source could be risky.
Coinmarketcap.com is the largest website in the category of cryptocurrency and 5th largest website in the category finance with average monthly views around 80 million.
Considering that, it is very popular in crypto community. We saw a lot of rumours about fake data on coinmarket cap.
To start with, for these that do not know, it is not showing data from all exchanges. It is also not showing data from few countries. For example, it excludes Korean exchanges.
That's why the trading volume is different because it exludes some of exchanges. But market cap is still the same because it depends on circulating supply and current average price on all exchanges. So, the market cap is valid but trading volume isn't because it doesn't include all exchanges.
There is a little bit more info that vary but using coinmarketcap.com and combining with one more is more than enough.
The reason for this post was rumours of fake market cap showed on coinmarketcap.com and comparing it with the market cap showed on https://finance.yahoo.com/cryptocurrencies/ for example.
This is very good source of info too but there is huge mistake. Check market cap for ripple. It shows $40 billion while coinmarketcap.com is showing $15 billion.
Because of that, a lot of ripple hypers started to call coinmarketcap.com fake but the truth is that yahoo finance used total supply as circulating supply and because of that mistake, it shows more than 2.5 times bigger market cap for ripple.
So, to conclude, coinmarketcap.com is good source of info but please consider using at least one more in order to confirm information.
To your success, CS Team!
This is going to be education post about best source to track data about cryptocurrencies.
Firstly, the best solution is to use at least 2 sources of information because to rely just on one source could be risky.
Coinmarketcap.com is the largest website in the category of cryptocurrency and 5th largest website in the category finance with average monthly views around 80 million.
Considering that, it is very popular in crypto community. We saw a lot of rumours about fake data on coinmarket cap.
To start with, for these that do not know, it is not showing data from all exchanges. It is also not showing data from few countries. For example, it excludes Korean exchanges.
That's why the trading volume is different because it exludes some of exchanges. But market cap is still the same because it depends on circulating supply and current average price on all exchanges. So, the market cap is valid but trading volume isn't because it doesn't include all exchanges.
There is a little bit more info that vary but using coinmarketcap.com and combining with one more is more than enough.
The reason for this post was rumours of fake market cap showed on coinmarketcap.com and comparing it with the market cap showed on https://finance.yahoo.com/cryptocurrencies/ for example.
This is very good source of info too but there is huge mistake. Check market cap for ripple. It shows $40 billion while coinmarketcap.com is showing $15 billion.
Because of that, a lot of ripple hypers started to call coinmarketcap.com fake but the truth is that yahoo finance used total supply as circulating supply and because of that mistake, it shows more than 2.5 times bigger market cap for ripple.
So, to conclude, coinmarketcap.com is good source of info but please consider using at least one more in order to confirm information.
To your success, CS Team!
Yahoo Finance
Crypto Currencies: prices, changes, trading volume & daily charts - Yahoo Finance
Yahoo Finance's complete list of crypto currencies offers up-to-the-minute prices, percentage change, volume, open interest, and daily charts.
It is November 30th, 2018
BTC dominance is currently at 53.9% (+0.3%). The total market cap is currently at $139.1 billion (+ $3.6 billion). The market volume of the last 24h was $17.3 billion (+ $3.0 billion).
Fundamental analysis
The market is gaining strength but still struggling to close above major resistance levels on higher time frames.
Two days ago we saw the biggest one day growth in Bitcoin price since April 2018. Also, we are getting a lot of positive news new trading desks being opened that will alows more and more people to invest their money. Check out the links below to find out more about the current market fundamentals.
Fidelity Looking to Expand Digital Asset Trading Beyond Bitcoin and Ether
https://www.coindesk.com/fidelity-looking-to-expand-digital-asset-trading-beyond-bitcoin-and-ether
Bitcoin Sees Biggest Single-Day Price Gain Since April
https://www.coindesk.com/bull-reversal-bitcoin-sees-biggest-single-day-price-gain-since-april
Technical analysis
Daily time frame : https://www.tradingview.com/x/En4aPpUi/
It doesn't make sense to use higher time frames for trading because they were too far from resistance and using only lower time frames was more than enough.
Since we are now testing resistance area on higher time frames, we should skip from lower to higher time frames and wait for confirmation.
As long as we are below this resistance, the market is still quite bearish in general. If we see breaking these levels and close above, we can think of continuation of this short uptrend, otherwise we are going to start descending again.
To you success, CS Team!
BTC dominance is currently at 53.9% (+0.3%). The total market cap is currently at $139.1 billion (+ $3.6 billion). The market volume of the last 24h was $17.3 billion (+ $3.0 billion).
Fundamental analysis
The market is gaining strength but still struggling to close above major resistance levels on higher time frames.
Two days ago we saw the biggest one day growth in Bitcoin price since April 2018. Also, we are getting a lot of positive news new trading desks being opened that will alows more and more people to invest their money. Check out the links below to find out more about the current market fundamentals.
Fidelity Looking to Expand Digital Asset Trading Beyond Bitcoin and Ether
https://www.coindesk.com/fidelity-looking-to-expand-digital-asset-trading-beyond-bitcoin-and-ether
Bitcoin Sees Biggest Single-Day Price Gain Since April
https://www.coindesk.com/bull-reversal-bitcoin-sees-biggest-single-day-price-gain-since-april
Technical analysis
Daily time frame : https://www.tradingview.com/x/En4aPpUi/
It doesn't make sense to use higher time frames for trading because they were too far from resistance and using only lower time frames was more than enough.
Since we are now testing resistance area on higher time frames, we should skip from lower to higher time frames and wait for confirmation.
As long as we are below this resistance, the market is still quite bearish in general. If we see breaking these levels and close above, we can think of continuation of this short uptrend, otherwise we are going to start descending again.
To you success, CS Team!
CoinDesk
Fidelity Looking to Expand Digital Asset Trading Beyond Bitcoin and Ether
Fidelity Investments is looking to expand its institutional crypto asset platform to include trading services for the top five to seven cryptocurrencies by market cap.
It is December 1st, 2018
BTC dominance is currently at 53.5% (-0.4%). The total market cap is currently at $130.9 billion (- $8.2 billion). The market volume of the last 24h was $16.3 billion (- $1.0 billion).
Fundamental analysis
Bitcoin Price Nearing ‘Capitulation Moment’: IG Market Analyst
We would like to point out one quote from this article:
"While casual traders and newcomers are finding their way out of the market, older investors with a longer time horizon are taking advantage of the depressed bitcoin price to acquire more of the asset."
Nasdaq CEO: Cryptocurrency plays a role in the future
https://money.cnn.com/video/news/2018/05/09/nasdaq-ceo-future-technology.cnnmoney/index.html
Technical analysis
1h time frame :https://www.tradingview.com/x/gR0VkigZ/
BTC is holding strongly above 3900 support. We shared in our paid channel yesterday to not panic as long as BTC is above 3900 since it is solid daily support.
Close below 3900 would lead us again to 3600 and more likely to new low. But if we see few more rejections by this support, we may see price again above 4000 and maybe test of previous high (4400).
To your success, CS Team!
BTC dominance is currently at 53.5% (-0.4%). The total market cap is currently at $130.9 billion (- $8.2 billion). The market volume of the last 24h was $16.3 billion (- $1.0 billion).
Fundamental analysis
Bitcoin Price Nearing ‘Capitulation Moment’: IG Market Analyst
We would like to point out one quote from this article:
"While casual traders and newcomers are finding their way out of the market, older investors with a longer time horizon are taking advantage of the depressed bitcoin price to acquire more of the asset."
Nasdaq CEO: Cryptocurrency plays a role in the future
https://money.cnn.com/video/news/2018/05/09/nasdaq-ceo-future-technology.cnnmoney/index.html
Technical analysis
1h time frame :https://www.tradingview.com/x/gR0VkigZ/
BTC is holding strongly above 3900 support. We shared in our paid channel yesterday to not panic as long as BTC is above 3900 since it is solid daily support.
Close below 3900 would lead us again to 3600 and more likely to new low. But if we see few more rejections by this support, we may see price again above 4000 and maybe test of previous high (4400).
To your success, CS Team!
CNNMoney
Nasdaq CEO: Cryptocurrency plays a role in the future
Nasdaq CEO Adena Friedman tells CNN's Poppy Harlow she is optimistic that blockchain, the technology underpinning cryptocurrencies, will play a role in the economy of the future.
It is December 2nd, 2018
BTC dominance is currently at 53.7% (+0.2%). The total market cap is currently at $135.4 billion (+ $4.6 billion). The market volume of the last 24h was $15.1 billion (- $1.2 billion).
Fundamental analysis
Bitcoin ETF Seekers Met With SEC Monday In Latest Pitch for Approval
https://www.coindesk.com/bitcoin-etf-seekers-met-with-sec-monday-in-latest-pitch-for-approval
Dont give up even If you have lost more than 80%
https://medium.com/@tradingroomapp/dont-give-up-even-if-you-have-lost-more-than-80-7b752a558ac5
Technical analysis
Daily time frame : https://www.tradingview.com/x/mEsACmjB/
After BTC hit our long targets, it is time for new trigger etiher for long or short. To remain bullish, BTC has to close daily above 4250.
To become bearish again, it has to close daily below 4150 and form bearish candlestick.
Target for long is 4400 and target for short is 3950.
Waiting for confrimation, tomorrow we expect one more interesting day once confirmation happens.
To your success, CS Team!
BTC dominance is currently at 53.7% (+0.2%). The total market cap is currently at $135.4 billion (+ $4.6 billion). The market volume of the last 24h was $15.1 billion (- $1.2 billion).
Fundamental analysis
Bitcoin ETF Seekers Met With SEC Monday In Latest Pitch for Approval
https://www.coindesk.com/bitcoin-etf-seekers-met-with-sec-monday-in-latest-pitch-for-approval
Dont give up even If you have lost more than 80%
https://medium.com/@tradingroomapp/dont-give-up-even-if-you-have-lost-more-than-80-7b752a558ac5
Technical analysis
Daily time frame : https://www.tradingview.com/x/mEsACmjB/
After BTC hit our long targets, it is time for new trigger etiher for long or short. To remain bullish, BTC has to close daily above 4250.
To become bearish again, it has to close daily below 4150 and form bearish candlestick.
Target for long is 4400 and target for short is 3950.
Waiting for confrimation, tomorrow we expect one more interesting day once confirmation happens.
To your success, CS Team!
CoinDesk
Bitcoin ETF Seekers Met With SEC Monday In Latest Pitch for Approval
VanEck, SolidX and Cboe met with SEC staff on Monday to demonstrate how the bitcoin market is ready for an ETF.
It is December 3rd, 2018
BTC dominance is currently at 53.6% (-0.1%). The total market cap is currently at $131.1 billion (- $4.3 billion). The market volume of the last 24h was $13.9 billion (- $1.2 billion).
Technical analysis
Hourly time frame : https://www.tradingview.com/x/SnFea8NB/
BTC daily close below 4250 triggered short trade setup and we saw drop. Then the support area was strong enough one more time and caused bounce off.
Now for next clear trend, we need daily close below 3850 or 4250 to trade with the trend. Otherwise, we can catch those ups and downs that are developing in this trading range.
BTC dominance is currently at 53.6% (-0.1%). The total market cap is currently at $131.1 billion (- $4.3 billion). The market volume of the last 24h was $13.9 billion (- $1.2 billion).
Technical analysis
Hourly time frame : https://www.tradingview.com/x/SnFea8NB/
BTC daily close below 4250 triggered short trade setup and we saw drop. Then the support area was strong enough one more time and caused bounce off.
Now for next clear trend, we need daily close below 3850 or 4250 to trade with the trend. Otherwise, we can catch those ups and downs that are developing in this trading range.
It is December 4th, 2018
BTC dominance is currently at 53.8% (+0.2%). The total market cap is currently at $125.5 billion (- $5.6 billion). The market volume of the last 24h was $13.7 billion (- $0.2 billion).
Fundamental analysis
The SEC met again with the VanEck SolidX Bitcoin Trust team to discuss a bitcoin ETF.
https://www.sec.gov/comments/sr-cboebzx-2018-040/srcboebzx2018040-4691015-176590.pdf
G20 Agrees to Regulate Crypto, But is This Good or Bad for the Market?
https://www.ccn.com/g20-agrees-to-regulate-crypto-but-is-this-good-or-bad-for-the-market/
Technical analysis
Daily time frame : https://www.tradingview.com/x/5EXjPhkI/
BTC broke 3900 support and if it doesn't invalidate this bearish close today or at least tomorrow, we expect 3600, 3300 and probably 3000 on the way down to be reached.
In the area between 2800-3100 we expect to see major support to be formed. In that case this whole downtrend would find strong support. Breaking that area would endanger short term price of Bitcoin, maybe even long term.
To your success, CS Team!
BTC dominance is currently at 53.8% (+0.2%). The total market cap is currently at $125.5 billion (- $5.6 billion). The market volume of the last 24h was $13.7 billion (- $0.2 billion).
Fundamental analysis
The SEC met again with the VanEck SolidX Bitcoin Trust team to discuss a bitcoin ETF.
https://www.sec.gov/comments/sr-cboebzx-2018-040/srcboebzx2018040-4691015-176590.pdf
G20 Agrees to Regulate Crypto, But is This Good or Bad for the Market?
https://www.ccn.com/g20-agrees-to-regulate-crypto-but-is-this-good-or-bad-for-the-market/
Technical analysis
Daily time frame : https://www.tradingview.com/x/5EXjPhkI/
BTC broke 3900 support and if it doesn't invalidate this bearish close today or at least tomorrow, we expect 3600, 3300 and probably 3000 on the way down to be reached.
In the area between 2800-3100 we expect to see major support to be formed. In that case this whole downtrend would find strong support. Breaking that area would endanger short term price of Bitcoin, maybe even long term.
To your success, CS Team!
It is December 5th, 2018
BTC dominance is currently at 53.9% (+0.1%). The total market cap is currently at $127.8 billion (+ $2.3 billion). The market volume of the last 24h was $13.7 billion (+ $0.0 billion).
Fundamental analysis
Confirmed: Nasdaq’s Bitcoin Futures Will Launch in 'First Half' of 2019
https://cointelegraph.com/news/confirmed-nasdaqs-bitcoin-futures-will-launch-in-first-half-of-2019
Adoption: Binance Users Can Book 450,000 Hotels Using Crypto Token BNB
https://www.ccn.com/adoption-binance-users-can-book-450000-hotels-using-crypto-token-bnb/
Technical analysis : https://www.tradingview.com/x/mIscUICq/
Bitcoin is respecting our price levels again. It broke through our resistance and now it is resting at 3900 area as potential support level.
You can see clearly the triangle it is forming at the moment. The next move is going to happen once we see break from this triangle, either up or down move.
Fundamentally it looks very good. More and more merchants are accepting crypto, more and more big exchanges are offering crypto trading. This is what crypto needs! Once big bull run starts, we will have ev erything ready to gain maximum potential.
To your success, CS Team!
BTC dominance is currently at 53.9% (+0.1%). The total market cap is currently at $127.8 billion (+ $2.3 billion). The market volume of the last 24h was $13.7 billion (+ $0.0 billion).
Fundamental analysis
Confirmed: Nasdaq’s Bitcoin Futures Will Launch in 'First Half' of 2019
https://cointelegraph.com/news/confirmed-nasdaqs-bitcoin-futures-will-launch-in-first-half-of-2019
Adoption: Binance Users Can Book 450,000 Hotels Using Crypto Token BNB
https://www.ccn.com/adoption-binance-users-can-book-450000-hotels-using-crypto-token-bnb/
Technical analysis : https://www.tradingview.com/x/mIscUICq/
Bitcoin is respecting our price levels again. It broke through our resistance and now it is resting at 3900 area as potential support level.
You can see clearly the triangle it is forming at the moment. The next move is going to happen once we see break from this triangle, either up or down move.
Fundamentally it looks very good. More and more merchants are accepting crypto, more and more big exchanges are offering crypto trading. This is what crypto needs! Once big bull run starts, we will have ev erything ready to gain maximum potential.
To your success, CS Team!
Cointelegraph
Confirmed: Nasdaq’s Bitcoin Futures Will Launch in 'First Half' of 2019
The world’s second largest stock exchange Nasdaq has confirmed it plans to launch Bitcoin futures in the first half of 2019.
It is December 6th, 2018
BTC dominance is currently at 55.0% (+1.1%). The total market cap is currently at $111.4 billion (- $16.4 billion). The market volume of the last 24h was $16.2 billion (+ $2.5 billion).
Fundamental analysis
SEC Delays Decision on Bitcoin ETF, Sets Deadline for Late February
https://cointelegraph.com/news/sec-delays-decision-on-bitcoin-etf-sets-deadline-for-late-february
Bets On Bitcoin Price Decline Hit 6-Week High
https://www.coindesk.com/bets-on-bitcoin-price-decline-hit-6-week-high
Technical analysis
4H time frame : https://www.tradingview.com/x/2yN2q72a/
It was very clear on this chart where we are heading next. We saw breakdown, retest of previous support and once price was rejected, it dropped heavily.
We told you to follow this triangle in our post 2 days ago. The triangle is going to determine price movememnt for upcoming couple of days.
Now, it is targeting 2800-3200 area. Once that area gets reached, we expect to see long term support to be established there. If that happens, we can call this healthy correction for future of BTC but if that fails to happen and we see break through this level all the way down to $1800, then it can take a lot of time until new all time high.
P.S. We were offline last 36h and we apologise for inactivity last 2 days. We are back with full power now and we are going to deliver best content for you.
To your success, CS Team!
BTC dominance is currently at 55.0% (+1.1%). The total market cap is currently at $111.4 billion (- $16.4 billion). The market volume of the last 24h was $16.2 billion (+ $2.5 billion).
Fundamental analysis
SEC Delays Decision on Bitcoin ETF, Sets Deadline for Late February
https://cointelegraph.com/news/sec-delays-decision-on-bitcoin-etf-sets-deadline-for-late-february
Bets On Bitcoin Price Decline Hit 6-Week High
https://www.coindesk.com/bets-on-bitcoin-price-decline-hit-6-week-high
Technical analysis
4H time frame : https://www.tradingview.com/x/2yN2q72a/
It was very clear on this chart where we are heading next. We saw breakdown, retest of previous support and once price was rejected, it dropped heavily.
We told you to follow this triangle in our post 2 days ago. The triangle is going to determine price movememnt for upcoming couple of days.
Now, it is targeting 2800-3200 area. Once that area gets reached, we expect to see long term support to be established there. If that happens, we can call this healthy correction for future of BTC but if that fails to happen and we see break through this level all the way down to $1800, then it can take a lot of time until new all time high.
P.S. We were offline last 36h and we apologise for inactivity last 2 days. We are back with full power now and we are going to deliver best content for you.
To your success, CS Team!
Cointelegraph
SEC Delays Decision on Bitcoin ETF, Sets Deadline for Late February
The SEC has delayed its decision on rule change proposals to list a VanEck, SolidX Bitcoin ETF until Feb. 27, 2019.
It is December 7th, 2018
BTC dominance is currently at 55.3% (+0.3%). The total market cap is currently at $108.2 billion (- $3.2 billion). The market volume of the last 24h was $18.1 billion (+ $1.9 billion).
Fundamenatl analysis
‘Don’t Hold Your Breath,’ Waiting for Bitcoin ETF Says SEC ‘Crypto Mom’
https://cointelegraph.com/news/dont-hold-your-breath-waiting-for-bitcoin-etf-says-sec-crypto-mom
When Bitcoin’s Price Breaks Down, It Follows a Pattern
https://www.coindesk.com/when-bitcoins-price-breaks-down-it-follows-a-pattern
Morgan Creek Is Betting $1 Million That Crypto Can Beat the S&P
https://www.coindesk.com/morgan-creek-digital-is-betting-1-million-that-crypto-can-beat-the-sp-500
Technical analyis
H4 time frame : https://www.tradingview.com/x/VPL2nCXI/
After cleaer breakdown, BTC price is consolidating around 3400 price level. If we zoom out, we see clearly that it is targeting next weekly support at 2900-3000 area.
If we check the history, the second news today shared in this update (When Bitcoin’s Price Breaks Down, It Follows a Pattern), shows us something very interesting. Last few years, BTC price always used to create triangle and the outcome was always the same, breakdown. But after that breakdown, the outcome was always the same, uptrend.
Let's see if this time BTC price is going to follow the pattern or not!
To your success, CS Team!
BTC dominance is currently at 55.3% (+0.3%). The total market cap is currently at $108.2 billion (- $3.2 billion). The market volume of the last 24h was $18.1 billion (+ $1.9 billion).
Fundamenatl analysis
‘Don’t Hold Your Breath,’ Waiting for Bitcoin ETF Says SEC ‘Crypto Mom’
https://cointelegraph.com/news/dont-hold-your-breath-waiting-for-bitcoin-etf-says-sec-crypto-mom
When Bitcoin’s Price Breaks Down, It Follows a Pattern
https://www.coindesk.com/when-bitcoins-price-breaks-down-it-follows-a-pattern
Morgan Creek Is Betting $1 Million That Crypto Can Beat the S&P
https://www.coindesk.com/morgan-creek-digital-is-betting-1-million-that-crypto-can-beat-the-sp-500
Technical analyis
H4 time frame : https://www.tradingview.com/x/VPL2nCXI/
After cleaer breakdown, BTC price is consolidating around 3400 price level. If we zoom out, we see clearly that it is targeting next weekly support at 2900-3000 area.
If we check the history, the second news today shared in this update (When Bitcoin’s Price Breaks Down, It Follows a Pattern), shows us something very interesting. Last few years, BTC price always used to create triangle and the outcome was always the same, breakdown. But after that breakdown, the outcome was always the same, uptrend.
Let's see if this time BTC price is going to follow the pattern or not!
To your success, CS Team!
Cointelegraph
‘Don’t Hold Your Breath,’ Waiting for Bitcoin ETF Says SEC ‘Crypto Mom’
U.S. SEC Commissioner Hester Peirce, dubbed “Crypto Mom” for her pro-crypto stance, said the future of a Bitcoin ETF is still uncertain.
Shorts at new all time high (ATH)
It is clear that Bitcoin price was a bubble. Too high or too much of everything can cause a bubble, like a Tulip bubble.
Our channel warned the community on December 17th, 2017 of potential bubble just few hours before the beginning of the drop.
Now we warns you of potential short positions bubble, also known as, short squeeze.
https://www.tradingview.com/x/G0q0nb74/
https://www.tradingview.com/x/yY15RcyY/
Once we hit the support, the area of interest for whales, move of $500-1000 could happen in couple of minutes and close all these short positions.
Every opened long position has to be close by openingn short one. Every short opened position has to be closed by opening the long one.
All these short positions are going to become long sooner or later. It is automatiaclly buy. Even if the market is bearish, once the stop loss area is reached by small pump, the chain reaction could create huge spike.
If that happens, I am sure it will because all types of bubbles come to an end sooner or later, your stop loss if you were short wont be filled at your price but it can be filled few dollars or in extreme situations even few hundred dollars from yout stop loss price. If you remember in August 2018 when Bitmex was down, the chain reaction happened that pumped BTC from 6400 all the way up to 7100. Some of our friends get stopped out even $300 from their stop loss prices. If you are using too big position, it could literally vanish your whole account.
Be careful!
To your success, CS Team!
It is clear that Bitcoin price was a bubble. Too high or too much of everything can cause a bubble, like a Tulip bubble.
Our channel warned the community on December 17th, 2017 of potential bubble just few hours before the beginning of the drop.
Now we warns you of potential short positions bubble, also known as, short squeeze.
https://www.tradingview.com/x/G0q0nb74/
https://www.tradingview.com/x/yY15RcyY/
Once we hit the support, the area of interest for whales, move of $500-1000 could happen in couple of minutes and close all these short positions.
Every opened long position has to be close by openingn short one. Every short opened position has to be closed by opening the long one.
All these short positions are going to become long sooner or later. It is automatiaclly buy. Even if the market is bearish, once the stop loss area is reached by small pump, the chain reaction could create huge spike.
If that happens, I am sure it will because all types of bubbles come to an end sooner or later, your stop loss if you were short wont be filled at your price but it can be filled few dollars or in extreme situations even few hundred dollars from yout stop loss price. If you remember in August 2018 when Bitmex was down, the chain reaction happened that pumped BTC from 6400 all the way up to 7100. Some of our friends get stopped out even $300 from their stop loss prices. If you are using too big position, it could literally vanish your whole account.
Be careful!
To your success, CS Team!
It is December 8th, 2018
BTC dominance is currently at 54.7% (-0.6%). The total market cap is currently at $109.2 billion (+ $1.0 billion). The market volume of the last 24h was $15.7 billion (- $2.4 billion).
Fundamental analysis
thereum Constantinople Hard Fork to Come in Mid-January, Based on Dev’s New Agreement
https://cointelegraph.com/news/ethereum-constantinople-hard-fork-to-come-in-mid-january-based-on-devs-new-agreement
Why You Shouldn’t Fear the Blockchain Regulators
https://www.coindesk.com/why-you-shouldnt-fear-the-blockchain-regulators
Technical analysis
Daily time frame : https://www.tradingview.com/x/9G6Ejuts/
BTC made very nice bounce off yesterday and today holding above $3300 area. If this daily candle closes above 3400 forming doji candle, we may see green day tomorrow that can spark the potential uptrend that can lead us towards testing important daily resistance at 3700 area.
BTC shorts are still ridiculously high and that is something that is just the question of time when short squeeze is going to happen and we are going to see big spike up. Simply, every opened short position has to be closed by opening long position.
Shorts are at all time high, so it is huge number of longs that are going to be opened sooner or later.
So even if the market sentiment is very bearish, just quite small manipulation by whales can hit the stop loss area and start the chain reaction.
Keep that in mind when you are shorting. It is still profitable because price is keeps going down but always keep your stop losses tight.
To your success, CS Team!
BTC dominance is currently at 54.7% (-0.6%). The total market cap is currently at $109.2 billion (+ $1.0 billion). The market volume of the last 24h was $15.7 billion (- $2.4 billion).
Fundamental analysis
thereum Constantinople Hard Fork to Come in Mid-January, Based on Dev’s New Agreement
https://cointelegraph.com/news/ethereum-constantinople-hard-fork-to-come-in-mid-january-based-on-devs-new-agreement
Why You Shouldn’t Fear the Blockchain Regulators
https://www.coindesk.com/why-you-shouldnt-fear-the-blockchain-regulators
Technical analysis
Daily time frame : https://www.tradingview.com/x/9G6Ejuts/
BTC made very nice bounce off yesterday and today holding above $3300 area. If this daily candle closes above 3400 forming doji candle, we may see green day tomorrow that can spark the potential uptrend that can lead us towards testing important daily resistance at 3700 area.
BTC shorts are still ridiculously high and that is something that is just the question of time when short squeeze is going to happen and we are going to see big spike up. Simply, every opened short position has to be closed by opening long position.
Shorts are at all time high, so it is huge number of longs that are going to be opened sooner or later.
So even if the market sentiment is very bearish, just quite small manipulation by whales can hit the stop loss area and start the chain reaction.
Keep that in mind when you are shorting. It is still profitable because price is keeps going down but always keep your stop losses tight.
To your success, CS Team!
Cointelegraph
Ethereum Constantinople Hard Fork to Come in Mid-January, Based on Dev’s New Agreement
Ethereum core developers have decided to activate the Constantinople upgrade at block 7,080,000.
It is December 9th, 2018
BTC dominance is currently at 54.8% (+0.1%). The total market cap is currently at $111.0 billion (+ $1.8 billion). The market volume of the last 24h was $13.8 billion (- $1.9 billion).
Fundamental analysis
Whale activity: Someone bought $50 worth of Ethereum and pumped the price almost 10%
https://twitter.com/TommyWorldPower/status/1071127272290050048?s=19
Why Bitcoin is Not in a Death Spiral, According to Andreas Antonopoulos
https://www.ccn.com/why-bitcoin-is-not-in-a-death-spiral-according-to-andreas-antonopoulos/
Technical analysis
Daily time frame : https://www.tradingview.com/x/FjPd85OR/
H1 time frame : https://www.tradingview.com/x/Pc5TAmQZ/
Considering daily close, 2 strong bounces, lower volume on second drop also known as bullish divergance, potential invesrse H&S price pattern, we do believe that if we see price above 3500, we can expect to see at least test of 3800 resistance area.
The whole market is extremely bearish, eveyone is talking of price going to zero, eveyon is talking about selling but the truth is that volume is not confirming these talks. The sellers were more intense on previous drop than this time.
We do believe that market could see some green days. It is too far from end of bear market, but some kind of positive consolidation could happen.
The number of shorts that are reaching all time high are also scary because who will pay these shorts? Be sure that the majority will never feed the minority!
So, we are too far from even thinking of end of bear market. We do believe that it will last for at least couple of months and it is perfect for everybody to accumulate. We think Bitcoin will visit below 3k sooner or later but it looks not this time. The market is too one sided that even small whales manipulation can pump the price, make them profit that will be used for accumulation once price approaches these and lower levels again.
To your success, CS Team!
BTC dominance is currently at 54.8% (+0.1%). The total market cap is currently at $111.0 billion (+ $1.8 billion). The market volume of the last 24h was $13.8 billion (- $1.9 billion).
Fundamental analysis
Whale activity: Someone bought $50 worth of Ethereum and pumped the price almost 10%
https://twitter.com/TommyWorldPower/status/1071127272290050048?s=19
Why Bitcoin is Not in a Death Spiral, According to Andreas Antonopoulos
https://www.ccn.com/why-bitcoin-is-not-in-a-death-spiral-according-to-andreas-antonopoulos/
Technical analysis
Daily time frame : https://www.tradingview.com/x/FjPd85OR/
H1 time frame : https://www.tradingview.com/x/Pc5TAmQZ/
Considering daily close, 2 strong bounces, lower volume on second drop also known as bullish divergance, potential invesrse H&S price pattern, we do believe that if we see price above 3500, we can expect to see at least test of 3800 resistance area.
The whole market is extremely bearish, eveyone is talking of price going to zero, eveyon is talking about selling but the truth is that volume is not confirming these talks. The sellers were more intense on previous drop than this time.
We do believe that market could see some green days. It is too far from end of bear market, but some kind of positive consolidation could happen.
The number of shorts that are reaching all time high are also scary because who will pay these shorts? Be sure that the majority will never feed the minority!
So, we are too far from even thinking of end of bear market. We do believe that it will last for at least couple of months and it is perfect for everybody to accumulate. We think Bitcoin will visit below 3k sooner or later but it looks not this time. The market is too one sided that even small whales manipulation can pump the price, make them profit that will be used for accumulation once price approaches these and lower levels again.
To your success, CS Team!
Twitter
Tommy World Power 💹
Someone just swooped up ~$50M of ETH pushing the price up $10 from $85 and $95. Don’t expect ETH prices to hang around here for 6 months to a year.