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!
It is January 26th, 2019
BTC dominance is currently at 52.5% (+0.0%). The total market cap is currently at 120.1 billion (+ $0.2 billion). The market volume of the last 24h was $15.2 billion (- $0.7 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/P2Mz5xGu/
We saw today very good move up but shortly after that move, we didn't see any interest in continuation and the move was fully invalidated and we are back in indecision zone.
It's weekend, tomorrow is Sunday so waiting for weekly close to show us potential direction. It is not great to see this price action from BTC but sooner or later it should become more interesting and offer some great setups.
We were long today but as the move was fully reversed, we are waiting for new trade setup. Currently still looking more for longs but wont ignore short sidns either.
To your success, CS Team!
BTC dominance is currently at 52.5% (+0.0%). The total market cap is currently at 120.1 billion (+ $0.2 billion). The market volume of the last 24h was $15.2 billion (- $0.7 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/P2Mz5xGu/
We saw today very good move up but shortly after that move, we didn't see any interest in continuation and the move was fully invalidated and we are back in indecision zone.
It's weekend, tomorrow is Sunday so waiting for weekly close to show us potential direction. It is not great to see this price action from BTC but sooner or later it should become more interesting and offer some great setups.
We were long today but as the move was fully reversed, we are waiting for new trade setup. Currently still looking more for longs but wont ignore short sidns either.
To your success, CS Team!
It is January 27th, 2019
BTC dominance is currently at 52.8% (+0.3%). The total market cap is currently at 119.4 billion (- $0.7 billion). The market volume of the last 24h was $16.7 billion (+ $1.5 billion).
Technical analysis
12h time frame : https://www.tradingview.com/x/cj8YHFFz/
We are long with an entry at 3500. We are looking for upside targets with very tight stop loss, almost on break even. In our opinion, upside potential is way bigger and if we come close to 4000, it will be very hard to stop us from breaking higher to 4500 at least.
These are long term projections, cant even be called targets but that's our current situation. If we get extra bearish sign we will consider closing that long but at the moemnt shorting will happen only above 3700 if we get short sign or if we breaks 3400 on retest of that support. Everything else could be only scalp, nothing more than that.
To your success, CS Team!
BTC dominance is currently at 52.8% (+0.3%). The total market cap is currently at 119.4 billion (- $0.7 billion). The market volume of the last 24h was $16.7 billion (+ $1.5 billion).
Technical analysis
12h time frame : https://www.tradingview.com/x/cj8YHFFz/
We are long with an entry at 3500. We are looking for upside targets with very tight stop loss, almost on break even. In our opinion, upside potential is way bigger and if we come close to 4000, it will be very hard to stop us from breaking higher to 4500 at least.
These are long term projections, cant even be called targets but that's our current situation. If we get extra bearish sign we will consider closing that long but at the moemnt shorting will happen only above 3700 if we get short sign or if we breaks 3400 on retest of that support. Everything else could be only scalp, nothing more than that.
To your success, CS Team!
It is January 28th, 2019
BTC dominance is currently at 53.6% (+0.8%). The total market cap is currently at $112.9 billion (- $6.5 billion). The market volume of the last 24h was $19.8 billion (+ $3.1 billion).
Technical analysis
Daily time frame: https://www.tradingview.com/x/36uKwqaa/
The price is testing support that was mentioned few days ago and it is time to see how it is going to act in that area. If that area holds, it will be great sign for long setup. But even if we do not see long sign, we could easily get short sign and setup for short trade that could lead us to new lows.
All in all, currently at this point we are very close to good swing setup and we need to keep our eyes on price action to get that trade setup and then wait for confirmation.
To your success, CS Team!
BTC dominance is currently at 53.6% (+0.8%). The total market cap is currently at $112.9 billion (- $6.5 billion). The market volume of the last 24h was $19.8 billion (+ $3.1 billion).
Technical analysis
Daily time frame: https://www.tradingview.com/x/36uKwqaa/
The price is testing support that was mentioned few days ago and it is time to see how it is going to act in that area. If that area holds, it will be great sign for long setup. But even if we do not see long sign, we could easily get short sign and setup for short trade that could lead us to new lows.
All in all, currently at this point we are very close to good swing setup and we need to keep our eyes on price action to get that trade setup and then wait for confirmation.
To your success, CS Team!
It is January 29th, 2019
BTC dominnance is currently at 53.4 % (-0.2%). The total market cap is currently at $113.3 billion (+ 0.4 billion). The market volume of the last 24h was $17.9 billion (- $1-9 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/b5jewgj1/
Our area is holding so far and if this daily candle closes around 3420, we expect upside action. We are already long on BTC with first target at upper area of this trading zone (3700).
That's our current position. If we got stopped out, we will look for next trade setup that could be also bearish but at the moment we are bullish on BTC.
To your success, CS Team!
BTC dominnance is currently at 53.4 % (-0.2%). The total market cap is currently at $113.3 billion (+ 0.4 billion). The market volume of the last 24h was $17.9 billion (- $1-9 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/b5jewgj1/
Our area is holding so far and if this daily candle closes around 3420, we expect upside action. We are already long on BTC with first target at upper area of this trading zone (3700).
That's our current position. If we got stopped out, we will look for next trade setup that could be also bearish but at the moment we are bullish on BTC.
To your success, CS Team!
It is January 30th, 2019
BTC dominance is currently at 53.0% (-0.4%). The total market cap is currently at $115.0 billion (+ $1.7 billion). The market volume of the last 24h was $18.1 billion (+ $0.2 billion).
Technical analysis
Daily time frame: https://www.tradingview.com/x/z5KBfuZc/
Price is doing what we like to see and so far our long is in nice profit but what we want to see is close above red line and on retest we would consider adding serious amount to current position and target 3700-3800 area at least.
To your success, CS Team!
BTC dominance is currently at 53.0% (-0.4%). The total market cap is currently at $115.0 billion (+ $1.7 billion). The market volume of the last 24h was $18.1 billion (+ $0.2 billion).
Technical analysis
Daily time frame: https://www.tradingview.com/x/z5KBfuZc/
Price is doing what we like to see and so far our long is in nice profit but what we want to see is close above red line and on retest we would consider adding serious amount to current position and target 3700-3800 area at least.
To your success, CS Team!
It is January 31st, 2019
BTC dominance is currently at 53.3% (+0.3%). The total market cap is currently at $114.0 billion (- $1.0 billion). The market volume of the last 24h was $17.3 billion (- $0.8 billion).
Fundamental analysis
Cboe Resubmits the VanEck/SolidX Bitcoin ETF Proposal for SEC Approval
https://www.coindesk.com/cboe-re-files-vaneck-solidx-bitcoin-etf-proposal
Technical analysis
Daily time frame : https://www.tradingview.com/x/xm7R5kB9/
Not perfect price action on the support but it is still holding and the chances for move up are still very possible but we need to break above 3500 and reclaim that area and establish support there. If that happens, it will be great bullish setup.
Today is monthly close and it would be great to close above 3450 because close below wouldn't be that good.
All in all, still more bullish but not that to build big long but bullish enough to have small long on BTC.
To your success, CS Team!
BTC dominance is currently at 53.3% (+0.3%). The total market cap is currently at $114.0 billion (- $1.0 billion). The market volume of the last 24h was $17.3 billion (- $0.8 billion).
Fundamental analysis
Cboe Resubmits the VanEck/SolidX Bitcoin ETF Proposal for SEC Approval
https://www.coindesk.com/cboe-re-files-vaneck-solidx-bitcoin-etf-proposal
Technical analysis
Daily time frame : https://www.tradingview.com/x/xm7R5kB9/
Not perfect price action on the support but it is still holding and the chances for move up are still very possible but we need to break above 3500 and reclaim that area and establish support there. If that happens, it will be great bullish setup.
Today is monthly close and it would be great to close above 3450 because close below wouldn't be that good.
All in all, still more bullish but not that to build big long but bullish enough to have small long on BTC.
To your success, CS Team!
Coindesk
Cboe Resubmits the VanEck/SolidX Bitcoin ETF Proposal for SEC Approval
Cboe has re-filed the VanEck/SolidX bitcoin ETF proposal, which it previously withdrew due to the U.S. government shutdown.
It is February 1st, 2019
BTC dominance is currently at 53.4% (+0.1%). The total market cap is currently at $114.5 billion (+ $0.5 billion). The market volume of the last 23h was $16.8 billion (- $0.5 billion).
Technical analysis
Daily time frame: https://www.tradingview.com/x/DrNMwa5d/
Very good daily rejection that gives us positive sign for our long position that is still opened aiming for close above 3500 as confirmation. We are targeting 3700-3800 area and if 3500 gets reclaimed, we can easily see the move to our target area.
We will monitor price action and if turns bearish we will act accordingly to that.
To your success, CS Team!
BTC dominance is currently at 53.4% (+0.1%). The total market cap is currently at $114.5 billion (+ $0.5 billion). The market volume of the last 23h was $16.8 billion (- $0.5 billion).
Technical analysis
Daily time frame: https://www.tradingview.com/x/DrNMwa5d/
Very good daily rejection that gives us positive sign for our long position that is still opened aiming for close above 3500 as confirmation. We are targeting 3700-3800 area and if 3500 gets reclaimed, we can easily see the move to our target area.
We will monitor price action and if turns bearish we will act accordingly to that.
To your success, CS Team!