There is a rumour of 51% attack on ETC. Coinbase suspended ETC trading because of that rumour. We will let you know once we will have more informations.
Source:
https://twitter.com/etherchain_org/status/1082329360948969472
Source:
https://twitter.com/etherchain_org/status/1082329360948969472
Twitter
Bitfly
We can confirm that there was a successful 51% attack on the Ethereum Classic (#ETC) network with multiple 100+ block reorganization. We recommend all services to closely monitored the chain and significantly increase required confirmations.
A Russian university lecturer with ties to the government says the Kremlin will soon begin investing massively in Bitcoin as a way of avoiding new U.S. sanctions, a move that could happen “in a matter of weeks.”
https://bitcoinist.com/russia-ditch-usd-bitcoin-prof/
https://bitcoinist.com/russia-ditch-usd-bitcoin-prof/
Bitcoinist.com
Russia Plans to Ditch US Dollar for Bitcoin, Says University Professor
A Russian university lecturer with ties to the government says the Kremlin will soon begin investing massively in Bitcoin as a way of avoiding new U.S. sanctions, a move that could happen "in a matter of weeks." A Russian university lecturer with ties to…
It is December 10th, 2018
BTC dominance is currently at 52.3% (+0.7%). The total market cap is currently at $127.9 billion (- $9.1 billion). The market volume of the last 24h was $20.6 billion (-$ 4.8 billion).
Technical analysis
4h time frame : https://www.tradingview.com/x/v9Qq1ud6/
After BTC pumped into nowhere, being rejected by down slopping trend line, we saw big move down. If you check our analysis 2 days ago, you will see that our opinion was bearish after we saw the market reaction after pump to 4100.
Where next?
We have 2 area of interest at the moment. In our opinion, market is not that bearish to continue straight down. The number of shorts opened on Bitmex is 60% compared to 40% longs. It is too much and without stop run we do not think we will see further decline. What do we mean by stop run?
All these shorts have stop loss placed somewhere. Most of them used to place it tight not looking at major price levels. They will put it tight to prevent big losses not to get out of trade when price confirm that their hypothesis was wrong. They will place it in area between 3800 to 3950 depends what is their entry plan if they have any.
It means that we expect to see price climb in this area to trigger part of this stop losses and close part of those shorts. What is it going to cause in the market?
Simply, we will have less opened short positions, we will have a lot of closed short that are not close because they were wrong but because they placed stop loss too tight and it means that they will stay bearish. It will create market sentiment very bearish and that's the momennt we think price is going to start major decline to 3400-3500 price areas.
That's why we will wait for that scenario to happen and look for short entry. Perfect entry would be around 3900.
Another possible scenario is to see further drop from this triangle without any stop run and we do not give it too much chance and we are not going to trade that scenario trying to catch the falling knight.
If we see close below triangle, then we will look for retest of the triangle trend line to enter the trade.
We are currently looking for shorts. Main area is 3880-3950. Someone could try to play long scalp to this area but in our opinion it is too risky especially because we expect from it to be nothing but autotrading with the one main goal: to close as many as possible short positions and create atmosphere in the market ready for further decline.
Longs would come in play only if we reclain 4000 as a support. Even that would be nothing but great short entry from this point of view.
Considering that 2 most active alts in the last couple of days, ETH and TRON, went up because of fundamentals and that those fundamentals are going to end up in couple of days, we expect decline in altcoin market, especially ETH. In this market sentiment it is hard to expect to see BTC reclaiming 4000 price level and turning it into the support.
To your success, CS Team!
BTC dominance is currently at 52.3% (+0.7%). The total market cap is currently at $127.9 billion (- $9.1 billion). The market volume of the last 24h was $20.6 billion (-$ 4.8 billion).
Technical analysis
4h time frame : https://www.tradingview.com/x/v9Qq1ud6/
After BTC pumped into nowhere, being rejected by down slopping trend line, we saw big move down. If you check our analysis 2 days ago, you will see that our opinion was bearish after we saw the market reaction after pump to 4100.
Where next?
We have 2 area of interest at the moment. In our opinion, market is not that bearish to continue straight down. The number of shorts opened on Bitmex is 60% compared to 40% longs. It is too much and without stop run we do not think we will see further decline. What do we mean by stop run?
All these shorts have stop loss placed somewhere. Most of them used to place it tight not looking at major price levels. They will put it tight to prevent big losses not to get out of trade when price confirm that their hypothesis was wrong. They will place it in area between 3800 to 3950 depends what is their entry plan if they have any.
It means that we expect to see price climb in this area to trigger part of this stop losses and close part of those shorts. What is it going to cause in the market?
Simply, we will have less opened short positions, we will have a lot of closed short that are not close because they were wrong but because they placed stop loss too tight and it means that they will stay bearish. It will create market sentiment very bearish and that's the momennt we think price is going to start major decline to 3400-3500 price areas.
That's why we will wait for that scenario to happen and look for short entry. Perfect entry would be around 3900.
Another possible scenario is to see further drop from this triangle without any stop run and we do not give it too much chance and we are not going to trade that scenario trying to catch the falling knight.
If we see close below triangle, then we will look for retest of the triangle trend line to enter the trade.
We are currently looking for shorts. Main area is 3880-3950. Someone could try to play long scalp to this area but in our opinion it is too risky especially because we expect from it to be nothing but autotrading with the one main goal: to close as many as possible short positions and create atmosphere in the market ready for further decline.
Longs would come in play only if we reclain 4000 as a support. Even that would be nothing but great short entry from this point of view.
Considering that 2 most active alts in the last couple of days, ETH and TRON, went up because of fundamentals and that those fundamentals are going to end up in couple of days, we expect decline in altcoin market, especially ETH. In this market sentiment it is hard to expect to see BTC reclaiming 4000 price level and turning it into the support.
To your success, CS Team!
It is December 11th, 2018
BTC dominance is currently at 52.4% (+0.1%). The total market cap is currently at $123.2 billion (+ $4.7 billion). The market volume of the last 24h was $19.7 billion (- $0.9 billion).
Fundamental analysis
Warning: Crypto Scammers are Taking Advantage of Ethereum Hard Fork Concerns
Upcoming forks in Ethereum and Ethereum Classic have given opportunity to scammers. Two alleged “hard fork” versions are trying to steal money from users of both. Ethereum Nowa claims to be forking away from ETH. Ethereum Classic Vision claims to fork away from ETC.
https://www.ccn.com/warning-crypto-scammers-are-taking-advantage-of-ethereum-hard-fork-concerns/
Federal Reserve’s Jerome Powell “Very Worried” About Massive U.S. Debt
https://www.ccn.com/federal-reserves-jerome-powell-very-worried-about-massive-u-s-debt/
Why Blockchain Apps Just Aren’t Taking Off
https://www.coindesk.com/0-success-why-blockchain-apps-just-arent-taking-off
Technical analysis
H4 time frme : https://www.tradingview.com/x/ZVSn50hg/
We expected little longer consolidation period around 3750-3800 that was important daily price level but we went straight through that area.
We were waiting for stop run to enter after that but price simply just dropped without any attempt to even try to go up.
We are currently looking for new short entry because we think price may at least test the yesterday's daily low, maybe even drop to 3450 area.
As long as the price is above 3430 (as long as it closes above 3430 on daily or h4 time frame), these shorts are more like a scalps right now. We have some theory what should happen in the market but it will work only if 3430 stays unbroken.
So, currenlt we are looking for short entry with targets around 3450-3500 area where we will recheck our analysis to see if it could turn into swing or just close in nice profit at that target.
To your success, CS Team!
BTC dominance is currently at 52.4% (+0.1%). The total market cap is currently at $123.2 billion (+ $4.7 billion). The market volume of the last 24h was $19.7 billion (- $0.9 billion).
Fundamental analysis
Warning: Crypto Scammers are Taking Advantage of Ethereum Hard Fork Concerns
Upcoming forks in Ethereum and Ethereum Classic have given opportunity to scammers. Two alleged “hard fork” versions are trying to steal money from users of both. Ethereum Nowa claims to be forking away from ETH. Ethereum Classic Vision claims to fork away from ETC.
https://www.ccn.com/warning-crypto-scammers-are-taking-advantage-of-ethereum-hard-fork-concerns/
Federal Reserve’s Jerome Powell “Very Worried” About Massive U.S. Debt
https://www.ccn.com/federal-reserves-jerome-powell-very-worried-about-massive-u-s-debt/
Why Blockchain Apps Just Aren’t Taking Off
https://www.coindesk.com/0-success-why-blockchain-apps-just-arent-taking-off
Technical analysis
H4 time frme : https://www.tradingview.com/x/ZVSn50hg/
We expected little longer consolidation period around 3750-3800 that was important daily price level but we went straight through that area.
We were waiting for stop run to enter after that but price simply just dropped without any attempt to even try to go up.
We are currently looking for new short entry because we think price may at least test the yesterday's daily low, maybe even drop to 3450 area.
As long as the price is above 3430 (as long as it closes above 3430 on daily or h4 time frame), these shorts are more like a scalps right now. We have some theory what should happen in the market but it will work only if 3430 stays unbroken.
So, currenlt we are looking for short entry with targets around 3450-3500 area where we will recheck our analysis to see if it could turn into swing or just close in nice profit at that target.
To your success, CS Team!
CCN - Capital & Celeb News
Warning: Crypto Scammers are Taking Advantage of Ethereum Hard Forks
Upcoming forks in Ethereum and Ethereum Classic have given the opportunity to scammers. Two alleged 'forks' are trying to steal money from users of both.
Is it good to use volume as an indicator?
Using volume as an indicator is the part of trading strategies for most of traders.
What is actually a volume?
There are 2 ways to describe volume. One type is for normal crypto exchanges such as Binance and another one is for leverage trading excanges such as Bitmex.
On normal crypto excanges, volume represents number of traded coins. If you buy 10 Ethereum coins, the volume will be 10. So, it is number of bought or sold coins.
On the other side, volume on exchanges such as Bitmex where you are not buying a coin but buying or selling shares that represent the value of the coins. If you buy 1000 shares of Bitcoin on Bitmex thinking that the price will go up, the volume is going to be 1000.
Why should you consider using volume as an indicator?
Volume gives us very good insights of market sentiment. For the trend to continnue, whether it is uptrend or downtrend, you need constant buyers/sellers to keep that trend alive and best source for this information is volume that will say how many market participants are actually buying/selling.
If price is still in the trend, it is going up or downn but volume is dropping giving us sign that the buying/selling activity is dropping, it can be very strong sign of potential trend change since there is not enough market participants that are interested in trend to continue. They think it is overvalued or undervalued and then do not see reason to buy/sell.
On the other side, trend reversal traders see this as an opportunity for them to make money. If the market is not extra bullish/bearish because of some fundamental reasons, trend reversal has big chance to happen.
Volume as an indicator can give you some hidden signs that are not visible just following price action.
But...
There are hundreds of exchanges in the crypto world and every exchange has its own volume that is different from all other exchanges. Which one to follow?
Use the biggest exchanges as a reference. If you are too sceptical, check out top3 exchanges and it will be more then enough.
If you are trading on normal exchannges, use Binance as a reference and for margin exchanges use Bitmex. Best for you is to use the volume of the exhcange you are trading on especially for margin trading.
If someone is bullish, he will look for an exchange with big volume and make his analysis there to convince others that he is right. Same thing will happen if someone is bearish.
Do not do that. If you are bullish and price action and indicators you are using are showing that situation is not that bullish, maybe it is not that bullish. Do not be biased by some of your hopes. Follow what your trading system says. Worst thing is to be bullish or bearish without real reason and then to go in the market to try to find reasons for your bullishness/bearishness.
To conclude, volume has its value and that's why we think it is one of the indicators you should look for not for trading signals but just as a reference and potential warning sign. If there is no confluence between volume and price action, maybe it is time to recheck your previous analysis.
All in all, very useful indicator with a lot of value but do not use it to convince yourself that you are right. There is no space for egoists in the market. Leave your ego on the side!
To your success, CS Team!
Using volume as an indicator is the part of trading strategies for most of traders.
What is actually a volume?
There are 2 ways to describe volume. One type is for normal crypto exchanges such as Binance and another one is for leverage trading excanges such as Bitmex.
On normal crypto excanges, volume represents number of traded coins. If you buy 10 Ethereum coins, the volume will be 10. So, it is number of bought or sold coins.
On the other side, volume on exchanges such as Bitmex where you are not buying a coin but buying or selling shares that represent the value of the coins. If you buy 1000 shares of Bitcoin on Bitmex thinking that the price will go up, the volume is going to be 1000.
Why should you consider using volume as an indicator?
Volume gives us very good insights of market sentiment. For the trend to continnue, whether it is uptrend or downtrend, you need constant buyers/sellers to keep that trend alive and best source for this information is volume that will say how many market participants are actually buying/selling.
If price is still in the trend, it is going up or downn but volume is dropping giving us sign that the buying/selling activity is dropping, it can be very strong sign of potential trend change since there is not enough market participants that are interested in trend to continue. They think it is overvalued or undervalued and then do not see reason to buy/sell.
On the other side, trend reversal traders see this as an opportunity for them to make money. If the market is not extra bullish/bearish because of some fundamental reasons, trend reversal has big chance to happen.
Volume as an indicator can give you some hidden signs that are not visible just following price action.
But...
There are hundreds of exchanges in the crypto world and every exchange has its own volume that is different from all other exchanges. Which one to follow?
Use the biggest exchanges as a reference. If you are too sceptical, check out top3 exchanges and it will be more then enough.
If you are trading on normal exchannges, use Binance as a reference and for margin exchanges use Bitmex. Best for you is to use the volume of the exhcange you are trading on especially for margin trading.
If someone is bullish, he will look for an exchange with big volume and make his analysis there to convince others that he is right. Same thing will happen if someone is bearish.
Do not do that. If you are bullish and price action and indicators you are using are showing that situation is not that bullish, maybe it is not that bullish. Do not be biased by some of your hopes. Follow what your trading system says. Worst thing is to be bullish or bearish without real reason and then to go in the market to try to find reasons for your bullishness/bearishness.
To conclude, volume has its value and that's why we think it is one of the indicators you should look for not for trading signals but just as a reference and potential warning sign. If there is no confluence between volume and price action, maybe it is time to recheck your previous analysis.
All in all, very useful indicator with a lot of value but do not use it to convince yourself that you are right. There is no space for egoists in the market. Leave your ego on the side!
To your success, CS Team!
It is Jannuary 12th, 2018
BTC dominance is currently at 52.3% (-0.1%). The total market cap is currently at $122.5 billion (- $0.7 billion). The market volume of the last 24h was $15.4 billion (- $4.3 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/VrttOHZY/
Let's keep it simple, we had 3 stop runs nnot only for shorts but for longs too.
Choppy market is back again and what we think is that we will have one more move down and that best entry would be in mentioned short area.
Based on current market situationn, we do not expect to see that move down to go below 3400. We do believe that after that move down that we expect we should see some tests of 3800 maybe even higher levels where big short swing position would become very interesting.
The way market moves is nont the best for tradinng but we need to take best out of it.
Current situation:
Expecting move down more like a scalp not lower than 3400 and after that if something unexpected doesn't occure, we think 3800 at least should be tested.
To your success, CS Team!
BTC dominance is currently at 52.3% (-0.1%). The total market cap is currently at $122.5 billion (- $0.7 billion). The market volume of the last 24h was $15.4 billion (- $4.3 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/VrttOHZY/
Let's keep it simple, we had 3 stop runs nnot only for shorts but for longs too.
Choppy market is back again and what we think is that we will have one more move down and that best entry would be in mentioned short area.
Based on current market situationn, we do not expect to see that move down to go below 3400. We do believe that after that move down that we expect we should see some tests of 3800 maybe even higher levels where big short swing position would become very interesting.
The way market moves is nont the best for tradinng but we need to take best out of it.
Current situation:
Expecting move down more like a scalp not lower than 3400 and after that if something unexpected doesn't occure, we think 3800 at least should be tested.
To your success, CS Team!
It is January 13th, 2019
BTC dominance is currently at 52.9% (+0.6%). The total market cap is currently at $118.0 billion (- $4.5 billion). The market volume of the last 24h was $14.1 billion (- $1.3 billion).
Technical analysis
H4 time frame : https://www.tradingview.com/x/kDw77Vk2/
The price is currently in our green area that reperesents support area that could give us long trigger and that's why we are carefully monitoring price action so we can get long trade if price gives us the trigger.
If not in this area, then around 3400-3450 (horizontal red line) we expect to get that trigger.
As we stated few times, that long would be targetting 3700-3900 area (it is big area but in this area we have few resistances and you nnever knnow which one is going to hold out.
To your success, CS Team!
BTC dominance is currently at 52.9% (+0.6%). The total market cap is currently at $118.0 billion (- $4.5 billion). The market volume of the last 24h was $14.1 billion (- $1.3 billion).
Technical analysis
H4 time frame : https://www.tradingview.com/x/kDw77Vk2/
The price is currently in our green area that reperesents support area that could give us long trigger and that's why we are carefully monitoring price action so we can get long trade if price gives us the trigger.
If not in this area, then around 3400-3450 (horizontal red line) we expect to get that trigger.
As we stated few times, that long would be targetting 3700-3900 area (it is big area but in this area we have few resistances and you nnever knnow which one is going to hold out.
To your success, CS Team!
It is January 14th, 2019
BTC dominance is currently at 52.9% (+0.0%). The total market cap is currently at $118.3 billion (+ $0.3 billion). The market volume of the last 24h was $16.3 billion (+ $2.2 billion).
Technical analysis
H4 time frame : https://www.tradingview.com/x/IKd8Bwvu/
Very nice price action in area where we told you that price may find support. Maybe one more drop below 3500 just to trigger opening more shorts so it will be easier to pump it with all these short stop loss orders.
So, to be short and clear, price action looks good, we do not have opened long positions yet but carefully watching for opening one.
To your success, CS Team!
BTC dominance is currently at 52.9% (+0.0%). The total market cap is currently at $118.3 billion (+ $0.3 billion). The market volume of the last 24h was $16.3 billion (+ $2.2 billion).
Technical analysis
H4 time frame : https://www.tradingview.com/x/IKd8Bwvu/
Very nice price action in area where we told you that price may find support. Maybe one more drop below 3500 just to trigger opening more shorts so it will be easier to pump it with all these short stop loss orders.
So, to be short and clear, price action looks good, we do not have opened long positions yet but carefully watching for opening one.
To your success, CS Team!
BTC chart https://www.tradingview.com/x/kPuc8c8K/
BTC chart update : https://www.tradingview.com/x/0hG5xZ0s/
You see how this played out?
Almost perfectly and everythinng just based on analyzing market sentiment and following basic price levels.
There are no indicatros, just couple of trend lines and that's it.
This is how the chart has to look like so you can see price action and how it behaves. What is the point in using tens of indicators that do nothing but hide chart. You can't even see candlesticks.
To be honest we caught small long today while we missed the drop because we are doing some big projects but this is how charting should be done. Make it simple so you can explain to 5 year old kid.
This could be done also usinng couple of EMAs if you like more EMAs than trend lines. But there is not point to put Fibonacci, 5 EMAs, Ichimoku cloud, MACD, RSI, Stochastic RSI, 6 trend lines one a single chart...
Make it clear and it will help you for sure.
Also this was done without following any FA, just using TA. This is proof that for trading you do not have fundamentals because price is already affected by fundamentals and you can even spot accumulation for some news even before it is published.
Investing is another thing where fundamentals play important role but for trading, it doesn't have too much value to be honest. If you follow your plan, using stop loss in every trade, risking less than you can afford to lose, there is no news that will cause big negative impact on your account.
A lot of testings behind this channel, different strategies to find best edge over the market. Expect a lot of useful insights and suggestions in future too.
To your success, CS Team.
BTC chart update : https://www.tradingview.com/x/0hG5xZ0s/
You see how this played out?
Almost perfectly and everythinng just based on analyzing market sentiment and following basic price levels.
There are no indicatros, just couple of trend lines and that's it.
This is how the chart has to look like so you can see price action and how it behaves. What is the point in using tens of indicators that do nothing but hide chart. You can't even see candlesticks.
To be honest we caught small long today while we missed the drop because we are doing some big projects but this is how charting should be done. Make it simple so you can explain to 5 year old kid.
This could be done also usinng couple of EMAs if you like more EMAs than trend lines. But there is not point to put Fibonacci, 5 EMAs, Ichimoku cloud, MACD, RSI, Stochastic RSI, 6 trend lines one a single chart...
Make it clear and it will help you for sure.
Also this was done without following any FA, just using TA. This is proof that for trading you do not have fundamentals because price is already affected by fundamentals and you can even spot accumulation for some news even before it is published.
Investing is another thing where fundamentals play important role but for trading, it doesn't have too much value to be honest. If you follow your plan, using stop loss in every trade, risking less than you can afford to lose, there is no news that will cause big negative impact on your account.
A lot of testings behind this channel, different strategies to find best edge over the market. Expect a lot of useful insights and suggestions in future too.
To your success, CS Team.
It is January 15th, 2019
BTC dominance is currently at 52.2% (-0.7%). The total market cap is currently at $123.7 billion (+ $5.4 billion). The market volume of the last 24h was $17.4 billion (+ $1.1 billion).
Technical analysis
H4 time frame : https://www.tradingview.com/x/Fqi763ga/
This is kinda setup we are looking at. Increase to the green area (3700-3750) maybe even test of up slopping trend line that was part of triangle formation and then from there we will look for short setuwith targets arounnd 3600.
That's what we are lookinng for at the moment and entry setup for this potential trade.
If onne of these 2 moves gets invalidated, we will let you now and make new setup based on the nnew price action.
To your success, CS Team!
BTC dominance is currently at 52.2% (-0.7%). The total market cap is currently at $123.7 billion (+ $5.4 billion). The market volume of the last 24h was $17.4 billion (+ $1.1 billion).
Technical analysis
H4 time frame : https://www.tradingview.com/x/Fqi763ga/
This is kinda setup we are looking at. Increase to the green area (3700-3750) maybe even test of up slopping trend line that was part of triangle formation and then from there we will look for short setuwith targets arounnd 3600.
That's what we are lookinng for at the moment and entry setup for this potential trade.
If onne of these 2 moves gets invalidated, we will let you now and make new setup based on the nnew price action.
To your success, CS Team!
It is January 16th, 2019
BTC dominance is currently at 52.3% (+0.1%). The total market cap is currently at $122.1 billion (- $1.6 billion). The market volume of the last 24h was $16.9 billion (- $0.5 billion).
Fundamental analysis
Vulnerability Is Found in Constantinople Hours After ETH Devs Call It ‘Least Eventful’ Hard Fork
https://cointelegraph.com/news/vulnerability-is-found-in-constantinople-hours-after-eth-devs-call-it-least-eventful-hard-fork
Technical analysis
H4 time frame : https://www.tradingview.com/x/B5D6sVLK/
Currently we do not have trade setup. We will see how it acts on the retest of this green support area.
If we get trigger for long it would be nnice long opportunity wit targets at short area and weekly resistance.
Bearish scenario would play out only if we close strongly down below 3400.
A lot of invalidated setups, weird rejections and pullbacks. Not an unusual thing in crypto, it happens in forex too. Just be careful when it comes to entry because it is definitely the best market for trading but never complain and use the most what is given to you.
To your success, CS Team!
BTC dominance is currently at 52.3% (+0.1%). The total market cap is currently at $122.1 billion (- $1.6 billion). The market volume of the last 24h was $16.9 billion (- $0.5 billion).
Fundamental analysis
Vulnerability Is Found in Constantinople Hours After ETH Devs Call It ‘Least Eventful’ Hard Fork
https://cointelegraph.com/news/vulnerability-is-found-in-constantinople-hours-after-eth-devs-call-it-least-eventful-hard-fork
Technical analysis
H4 time frame : https://www.tradingview.com/x/B5D6sVLK/
Currently we do not have trade setup. We will see how it acts on the retest of this green support area.
If we get trigger for long it would be nnice long opportunity wit targets at short area and weekly resistance.
Bearish scenario would play out only if we close strongly down below 3400.
A lot of invalidated setups, weird rejections and pullbacks. Not an unusual thing in crypto, it happens in forex too. Just be careful when it comes to entry because it is definitely the best market for trading but never complain and use the most what is given to you.
To your success, CS Team!
Cointelegraph
Vulnerability Is Found in Constantinople Hours After ETH Devs Call It ‘Least Eventful’ Hard Fork
Ethereum’s Constantinople hard fork has been reportedly postponed until at least the next week over a newly discovered vulnerability.
It is January 17th, 2019
BTC dominance is currently at 52.4% (+0.1%). The total market cap is currently at $122.2 billion (+ $0.1 billion ). The market volume of the last 24h was $16.5 billion (- $0.4 billion).
Technical analysis
H4 time frame : https://www.tradingview.com/x/B8ZvFQOY/
We are still waiting for our swing trade setup. It may happen later today or in 5 days. We will stay patient and wait until it happens.
We are interested in couple of setups but only once they happen.
Long in potential support area that is marked on chart is still good option or long at the support at 3430.
Stay safe, it is nont the time to be agresive because market is full of fakeouts and it is time only for scalps. Fast entry, tight stop loss, close once target is reached and search for new one opportunity.
To your success, CS Team!
BTC dominance is currently at 52.4% (+0.1%). The total market cap is currently at $122.2 billion (+ $0.1 billion ). The market volume of the last 24h was $16.5 billion (- $0.4 billion).
Technical analysis
H4 time frame : https://www.tradingview.com/x/B8ZvFQOY/
We are still waiting for our swing trade setup. It may happen later today or in 5 days. We will stay patient and wait until it happens.
We are interested in couple of setups but only once they happen.
Long in potential support area that is marked on chart is still good option or long at the support at 3430.
Stay safe, it is nont the time to be agresive because market is full of fakeouts and it is time only for scalps. Fast entry, tight stop loss, close once target is reached and search for new one opportunity.
To your success, CS Team!
It is January 18th, 2019
BTC dominance is currently at 52.4% (+0.1%). The total market cap is currently at $122.3 billion (+ $0.1 billion). The market volume of the last 24h was $16.4 billion (- $0.1 billion).
Technnical analysis
H4 time frame : https://www.tradingview.com/x/r9rh2mwe/
Still in the range, we are waiting for sign so we could start looking for a trade setup and swing potential entry.
If the bottom of BTC is reached, 2019 could be the most boring year in crypto in last 3 years, or at least first half of 2019.
Price wont go up until every seller is out, until all weak hands are shaken out.
If bottom is not reached yet, then we will have that kind of price action at the level below where we can expect price to fluctuate from 2500 to 3500.
For traders, this won't be good but for long term stability, this year can establish new strong roots.
Something that happenned at 6k could happen at 3k but this time the move after long term consolidation and accumulation is expected to be up.
Be patient, work on your both portfolios, investing annd trading.
When it comes to trading, it is simple. Analyse the market, if you find the setup, wait for confirmation and enter the trade.
If you struggle to find setup, do not force it to happen. Wait it to happen.
When it comes to investinng, focus on the value project provide and future potential. Current price is mostly oversold and good for investing but only for projects with the value. Projects that are oversold without potential, can run out of the money in this bear market or size drastically their teams that could cause big slow down in project development and in the majority cases to completely shut down. That's why being bagholder is going to work for certain number of coins but not for the majority.
To your success, CS Team!
BTC dominance is currently at 52.4% (+0.1%). The total market cap is currently at $122.3 billion (+ $0.1 billion). The market volume of the last 24h was $16.4 billion (- $0.1 billion).
Technnical analysis
H4 time frame : https://www.tradingview.com/x/r9rh2mwe/
Still in the range, we are waiting for sign so we could start looking for a trade setup and swing potential entry.
If the bottom of BTC is reached, 2019 could be the most boring year in crypto in last 3 years, or at least first half of 2019.
Price wont go up until every seller is out, until all weak hands are shaken out.
If bottom is not reached yet, then we will have that kind of price action at the level below where we can expect price to fluctuate from 2500 to 3500.
For traders, this won't be good but for long term stability, this year can establish new strong roots.
Something that happenned at 6k could happen at 3k but this time the move after long term consolidation and accumulation is expected to be up.
Be patient, work on your both portfolios, investing annd trading.
When it comes to trading, it is simple. Analyse the market, if you find the setup, wait for confirmation and enter the trade.
If you struggle to find setup, do not force it to happen. Wait it to happen.
When it comes to investinng, focus on the value project provide and future potential. Current price is mostly oversold and good for investing but only for projects with the value. Projects that are oversold without potential, can run out of the money in this bear market or size drastically their teams that could cause big slow down in project development and in the majority cases to completely shut down. That's why being bagholder is going to work for certain number of coins but not for the majority.
To your success, CS Team!
It is January 19th, 2019
BTC dominance is currently at 52.5% (+0.1%). The total market cap is currently at $124.4 billion (+ $2.1 billion). The market volume of the last 24h was $16.9 billion (+ $0.5 billion).
Technical analysis
6h time frame : https://www.tradingview.com/x/TKWNkPoW/
Finally Bitcoin left zone of 3600 that was so annoying for trading, too many invalidated signs.
After we saw up move, we thought finally we will get very good continuation sign that would trigger our target around weekly resistance but just after we saw move up, someone put $20 mil sell wall in front of the price and stopped price from going up. We follow a lot of buy/sell wall action because it is easy to spot manipulation there but we didn't see situation like this long ago.
This situation happens when someone wants to stop price of goinng up because of 2 reasons: to cause the drop or to keep it low to accumulate more.
In this situation we think it could be more like that someone is accumulating for move up but it usually lasts 15-20 minutes but this time it lasts 7-8 hours and that's something very weird.
Because of that, it could be preparation for humongous pump or someone got stuck in huge short position and holding its last money in order to prevent price from reaching its stop loss but considering that price already went up to almost 3800, this theory doesn't have too much sense.
So, in our opinion someone is preparing for one more move up and we are looking for long entry more than for short but so far no confirmation yet.
To your success, CS Team!
BTC dominance is currently at 52.5% (+0.1%). The total market cap is currently at $124.4 billion (+ $2.1 billion). The market volume of the last 24h was $16.9 billion (+ $0.5 billion).
Technical analysis
6h time frame : https://www.tradingview.com/x/TKWNkPoW/
Finally Bitcoin left zone of 3600 that was so annoying for trading, too many invalidated signs.
After we saw up move, we thought finally we will get very good continuation sign that would trigger our target around weekly resistance but just after we saw move up, someone put $20 mil sell wall in front of the price and stopped price from going up. We follow a lot of buy/sell wall action because it is easy to spot manipulation there but we didn't see situation like this long ago.
This situation happens when someone wants to stop price of goinng up because of 2 reasons: to cause the drop or to keep it low to accumulate more.
In this situation we think it could be more like that someone is accumulating for move up but it usually lasts 15-20 minutes but this time it lasts 7-8 hours and that's something very weird.
Because of that, it could be preparation for humongous pump or someone got stuck in huge short position and holding its last money in order to prevent price from reaching its stop loss but considering that price already went up to almost 3800, this theory doesn't have too much sense.
So, in our opinion someone is preparing for one more move up and we are looking for long entry more than for short but so far no confirmation yet.
To your success, CS Team!
It is January 20th, 2019
BTC dominance is currently at 52.5% (+0.0%). The total market cap is currently at $119.4 billion (- $5.0 billion). The market volume of the last 24h was $17.5 billion (+ $0.6 billion).
Fundamental analysis
On February 11th, 2019, the BitTorrent Foundation will initiate its first airdrop of BitTorrent $BTT to the TRON $TRX holders.
https://medium.com/bittorrent/bittorrent-foundation-unveils-more-details-regarding-bittorrent-btt-airdrops-for-tron-trx-8bbd194f8a87
Long ago anticipated airdrop announcement just came out 30 minutes ago. Airdrop announcement was trigger for big up moves in the past but if that happens this time, we will be very surprised. Just read the article and everything will be clear.
They are doing airdrop of their 10% coins to Tron holders across 6 years. It is insane in our opinion. The fact that tron total supply is 10 times smaller than total supply of Bittorrent and that they are going to airdrop the coins in 6 years, every year 1% of their total supply.
So, if the total supply is 10 times bigger, if Bittorrent is going to have same market cap as Tron, you will make 10% profit in 6 years.
Considering that first year you will get 10% of total airdroped coins you are going to receive, it ends up that you will make 1% profit. Considering that we imagined that market cap is the same. What if the market cap will be smaller? You can get 0.5% profit.
Is it worth buyinng TRON at high price to make 0.5% profit?
For us, the answer is clear. If you believe in miracles, buy the TRON. We do not believe...
Technical analysis
H6 time frame : https://www.tradingview.com/x/i5bWQaFO/
The setup is clear, we wait for retracement to 3550-3600 area and if it gets rejected from resistance we will go short with target around 3430-3450 price area.
If we gets above 3600, welcome back to no trade area...
To your success, CS Team!
BTC dominance is currently at 52.5% (+0.0%). The total market cap is currently at $119.4 billion (- $5.0 billion). The market volume of the last 24h was $17.5 billion (+ $0.6 billion).
Fundamental analysis
On February 11th, 2019, the BitTorrent Foundation will initiate its first airdrop of BitTorrent $BTT to the TRON $TRX holders.
https://medium.com/bittorrent/bittorrent-foundation-unveils-more-details-regarding-bittorrent-btt-airdrops-for-tron-trx-8bbd194f8a87
Long ago anticipated airdrop announcement just came out 30 minutes ago. Airdrop announcement was trigger for big up moves in the past but if that happens this time, we will be very surprised. Just read the article and everything will be clear.
They are doing airdrop of their 10% coins to Tron holders across 6 years. It is insane in our opinion. The fact that tron total supply is 10 times smaller than total supply of Bittorrent and that they are going to airdrop the coins in 6 years, every year 1% of their total supply.
So, if the total supply is 10 times bigger, if Bittorrent is going to have same market cap as Tron, you will make 10% profit in 6 years.
Considering that first year you will get 10% of total airdroped coins you are going to receive, it ends up that you will make 1% profit. Considering that we imagined that market cap is the same. What if the market cap will be smaller? You can get 0.5% profit.
Is it worth buyinng TRON at high price to make 0.5% profit?
For us, the answer is clear. If you believe in miracles, buy the TRON. We do not believe...
Technical analysis
H6 time frame : https://www.tradingview.com/x/i5bWQaFO/
The setup is clear, we wait for retracement to 3550-3600 area and if it gets rejected from resistance we will go short with target around 3430-3450 price area.
If we gets above 3600, welcome back to no trade area...
To your success, CS Team!
Medium
BitTorrent Foundation unveils more details regarding BitTorrent (BTT) airdrops for TRON (TRX) holders.
On February 11th, 2019, BitTorrent Foundation will initiate its first airdrop of BitTorrent (BTT) to TRON (TRX) holders. The snapshot will…
It is January 21st, 2018
BTC dominance is currently at 52.4% (-0.1%). The total market cap is currently at $119.4 billion (- $0.1 billion). The market volume of the last 24h was $14.8 billion (- $2.7 billion).
Technical analysis
H4 time frame : https://www.tradingview.com/x/SCDXCfOf/
As mentioned yesterday, expected wick to 3550-3600 area happened and now after being rejected we have solid chance for one more short trade setup to 3400-3450 price area.
Look for trigger, stop loss could be above today's high and target around 3430. That target is major daily support and the area we will look for long opportunity.
To your success, CS Team!
BTC dominance is currently at 52.4% (-0.1%). The total market cap is currently at $119.4 billion (- $0.1 billion). The market volume of the last 24h was $14.8 billion (- $2.7 billion).
Technical analysis
H4 time frame : https://www.tradingview.com/x/SCDXCfOf/
As mentioned yesterday, expected wick to 3550-3600 area happened and now after being rejected we have solid chance for one more short trade setup to 3400-3450 price area.
Look for trigger, stop loss could be above today's high and target around 3430. That target is major daily support and the area we will look for long opportunity.
To your success, CS Team!
It is January 22nd, 2019
BTC dominance is currently at 52.4% (+0.0%). The total market cap is currently at $120.5 billion (+ $1.1 billion). The market volume of the last 24h was $16.0 billion (+ $1.2 billion).
Technical analysis
H4 time frame : https://www.tradingview.com/x/5b8mHLjr/
Everything we said yesterday in update happened. The price dropped to 3400-3450 area and bounced from 3430 as very important daily price range.
Now, waiting for daily close to get more signs but after this heavy pullback, we do not expect to see BTC below 3450 in next 24h at least.
If we get good daily close, we could target 3800-3900 area easily.
Once we get next setup, we will share with you as we did our yesterday that went great.
To your success, CS Team!
BTC dominance is currently at 52.4% (+0.0%). The total market cap is currently at $120.5 billion (+ $1.1 billion). The market volume of the last 24h was $16.0 billion (+ $1.2 billion).
Technical analysis
H4 time frame : https://www.tradingview.com/x/5b8mHLjr/
Everything we said yesterday in update happened. The price dropped to 3400-3450 area and bounced from 3430 as very important daily price range.
Now, waiting for daily close to get more signs but after this heavy pullback, we do not expect to see BTC below 3450 in next 24h at least.
If we get good daily close, we could target 3800-3900 area easily.
Once we get next setup, we will share with you as we did our yesterday that went great.
To your success, CS Team!
It is January 23rd, 2019
BTC dominance is currently at 52.4% (+0.0%). The total market cap is currently at $119.5 billion (- $1.0 billion). The market volume of the last 24h was $15.6 billion (- $0.4 billion).
Fundamental analysis
Cboe Exchange Withdraws Proposal for VanEck-SolidX Bitcoin ETF
https://www.coindesk.com/cboe-withdraws-proposal-for-vaneck-solidx-bitcoin-etf
Technical analysis
Daily time frame : We have 4 potential setups in mind.
1: https://www.tradingview.com/x/wBh76juu/
2: https://www.tradingview.com/x/vpnbOM6O/
3: https://www.tradingview.com/x/Xf5nEtOf/
4: https://www.tradingview.com/x/vfYoc0Ne/
Check all of them, it is very hard to say from this point which one has the highest probability to play out.
Based on current ETF situation, bearish one has more chance.
We will see how this news are going to affect the market. We hope it will give clear trend, the direction is less important.
To your success, CS Team!
BTC dominance is currently at 52.4% (+0.0%). The total market cap is currently at $119.5 billion (- $1.0 billion). The market volume of the last 24h was $15.6 billion (- $0.4 billion).
Fundamental analysis
Cboe Exchange Withdraws Proposal for VanEck-SolidX Bitcoin ETF
https://www.coindesk.com/cboe-withdraws-proposal-for-vaneck-solidx-bitcoin-etf
Technical analysis
Daily time frame : We have 4 potential setups in mind.
1: https://www.tradingview.com/x/wBh76juu/
2: https://www.tradingview.com/x/vpnbOM6O/
3: https://www.tradingview.com/x/Xf5nEtOf/
4: https://www.tradingview.com/x/vfYoc0Ne/
Check all of them, it is very hard to say from this point which one has the highest probability to play out.
Based on current ETF situation, bearish one has more chance.
We will see how this news are going to affect the market. We hope it will give clear trend, the direction is less important.
To your success, CS Team!
Coindesk
Cboe Exchange Withdraws Proposal for VanEck-SolidX Bitcoin ETF
Cboe has withdrawn its hoped-for bitcoin ETF proposal, which faced a final deadline of Feb. 27 for approval.
It is January 24th, 2018
BTC dominance is currently at 52.4% (+0.0%). The total market cap is currently at $120.4 billion (+ $0.9 billion). The market volume of the last 24h was $15.6 billion (+ $0.0 billion).
Technical analysis
Daily time frame : We have 4 potential setups in mind.
1: https://www.tradingview.com/x/wBh76juu/
2: https://www.tradingview.com/x/vpnbOM6O/
3: https://www.tradingview.com/x/Xf5nEtOf/
4: https://www.tradingview.com/x/vfYoc0Ne/
Our setups are still the same. It would be very naive to try to catch something in this middle range since every move is invalidated and riding the wave is impossible since there is no trend.
ETF situation seems like didn't take big impact on crypto market in general. It is positive since in the past negative news about ETF usually caused sell off. Especially because it happened in still strong bear market gives us positive sign that local bottom on BTC is reached and that we have more chances for up action than for new sell off and new lows.
Still waiting for trade setup, once it happens, we are going to update you.
To your success, CS Team!
BTC dominance is currently at 52.4% (+0.0%). The total market cap is currently at $120.4 billion (+ $0.9 billion). The market volume of the last 24h was $15.6 billion (+ $0.0 billion).
Technical analysis
Daily time frame : We have 4 potential setups in mind.
1: https://www.tradingview.com/x/wBh76juu/
2: https://www.tradingview.com/x/vpnbOM6O/
3: https://www.tradingview.com/x/Xf5nEtOf/
4: https://www.tradingview.com/x/vfYoc0Ne/
Our setups are still the same. It would be very naive to try to catch something in this middle range since every move is invalidated and riding the wave is impossible since there is no trend.
ETF situation seems like didn't take big impact on crypto market in general. It is positive since in the past negative news about ETF usually caused sell off. Especially because it happened in still strong bear market gives us positive sign that local bottom on BTC is reached and that we have more chances for up action than for new sell off and new lows.
Still waiting for trade setup, once it happens, we are going to update you.
To your success, CS Team!
It is January 25th, 2019
BTC dominance is currently at 52.5% (+0.1%). The total market cap is currently at $119.9 billion (- $0.5 billion). The market volume of the last 24h was $15.9 billion (+ $0.3 billion).
Technical analysis
Daily time frame : We have 4 potential setups in mind.
1: https://www.tradingview.com/x/wBh76juu/
2: https://www.tradingview.com/x/vpnbOM6O/
3: https://www.tradingview.com/x/Xf5nEtOf/
4: https://www.tradingview.com/x/vfYoc0Ne/
Nothing significantly changed, the price is still between two important price areas. So far it is not showing any sign of reaching lower or upper area.
Our suggestion to you is to wait for these setups to happen. Trying to guess what will happen can lead to multiply losses and that's what you want to avoid.
To your success, CS Team!
BTC dominance is currently at 52.5% (+0.1%). The total market cap is currently at $119.9 billion (- $0.5 billion). The market volume of the last 24h was $15.9 billion (+ $0.3 billion).
Technical analysis
Daily time frame : We have 4 potential setups in mind.
1: https://www.tradingview.com/x/wBh76juu/
2: https://www.tradingview.com/x/vpnbOM6O/
3: https://www.tradingview.com/x/Xf5nEtOf/
4: https://www.tradingview.com/x/vfYoc0Ne/
Nothing significantly changed, the price is still between two important price areas. So far it is not showing any sign of reaching lower or upper area.
Our suggestion to you is to wait for these setups to happen. Trying to guess what will happen can lead to multiply losses and that's what you want to avoid.
To your success, CS Team!