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!
It is Debruary 2nd, 2019
BTC dominance is currently at 53.3% (-0.1%). The total market cap is currently at $114.3 billion (- $0.2 billion). The market volume of the last 24h was $15.3 billion (- $1.5 billion).
Technnical analysis
Daily time frame : https://www.tradingview.com/x/ipgQljfU/
It is still holding at the support and we are still anticipating the move up. More we hold on the support, more chance for up move because previous bearishness of the last move is dying more and more as time goes on.
But we are expecting the move up already 3-4 days but it is not happening yet so that's a little bit conserning but as the risk reward is great, the long is still making much more sense than short at this point.
To your success, CS Team!
BTC dominance is currently at 53.3% (-0.1%). The total market cap is currently at $114.3 billion (- $0.2 billion). The market volume of the last 24h was $15.3 billion (- $1.5 billion).
Technnical analysis
Daily time frame : https://www.tradingview.com/x/ipgQljfU/
It is still holding at the support and we are still anticipating the move up. More we hold on the support, more chance for up move because previous bearishness of the last move is dying more and more as time goes on.
But we are expecting the move up already 3-4 days but it is not happening yet so that's a little bit conserning but as the risk reward is great, the long is still making much more sense than short at this point.
To your success, CS Team!
It is February 4th, 2019
BTC dominance is currency at 53.3% (+0.0%). The total market cap is currently at $114.0 billion (- $0.3 billion). The market volume of the last 24h was $16.0 billion (+ $0.7 billion).
Technical analysis
H4 time frame : https://www.tradingview.com/x/ZSgcux3k/
We have to switch from daily time frame to H4 time frame since the market is slowing down more and more and monitoring on higher time frames won't help a lot.
Weekly close didn't bring us big volatile move and waiting game is still on.
We are still more bullish than bearish with long position and tight stop loss. We want to see action in the market. Even if the move is going to be in the direction against our position, we would accept it because in this kind of market, it is really tough to trade since moves are getting smaller and smaller.
Still long, tight stop loss in place and waiting game is still on. Let's see when the move is going to happen.
To your success, CS Team!
BTC dominance is currency at 53.3% (+0.0%). The total market cap is currently at $114.0 billion (- $0.3 billion). The market volume of the last 24h was $16.0 billion (+ $0.7 billion).
Technical analysis
H4 time frame : https://www.tradingview.com/x/ZSgcux3k/
We have to switch from daily time frame to H4 time frame since the market is slowing down more and more and monitoring on higher time frames won't help a lot.
Weekly close didn't bring us big volatile move and waiting game is still on.
We are still more bullish than bearish with long position and tight stop loss. We want to see action in the market. Even if the move is going to be in the direction against our position, we would accept it because in this kind of market, it is really tough to trade since moves are getting smaller and smaller.
Still long, tight stop loss in place and waiting game is still on. Let's see when the move is going to happen.
To your success, CS Team!
It is February 5th, 2019
BTC dominance is currently at 53.5% (+0.2%). The total market cap is currently at $113.8 billion (- $0.2 billion). The market volume of the last 24h was $16.4 billion (+ $0.4 billion).
Technical analysis
H4 time frame : https://www.tradingview.com/x/7DBqbgnB/
The situation is still the same. The worst volatility since breakinng 6k support. It is definitely accumulation, we even have the proof in the volume increase but the question is accumulation for what.
Following technicals, we are still long, but not so bullish to take big one. The marked level is very important for this range area and if that onces get reclaimed and we turn it into the support, we can easily see the move up. That's the setup we are waiting for potentially adding more to our position.
To your success, CS Team!
BTC dominance is currently at 53.5% (+0.2%). The total market cap is currently at $113.8 billion (- $0.2 billion). The market volume of the last 24h was $16.4 billion (+ $0.4 billion).
Technical analysis
H4 time frame : https://www.tradingview.com/x/7DBqbgnB/
The situation is still the same. The worst volatility since breakinng 6k support. It is definitely accumulation, we even have the proof in the volume increase but the question is accumulation for what.
Following technicals, we are still long, but not so bullish to take big one. The marked level is very important for this range area and if that onces get reclaimed and we turn it into the support, we can easily see the move up. That's the setup we are waiting for potentially adding more to our position.
To your success, CS Team!
It is February 6th, 2019
BTC dominance is currently at 53.6% (+0.1%). The total market cap is currently at $111.6 billion (- $2.2 billion). The market volume of the last 24h was $17.1 billion (+ $0.7 billion).
Technical analysis
H4 time frame : https://www.tradingview.com/x/hSnyvDoA/
It didn't reclaimed above our area of interest and after move up, it dropped down triggerring our stop loss orders. They were close to break even but we are now out of the position.
We are looking for next trade setup, both options are possible. The way market acts is not that good and all these fakeouts are literally shaking out both, long and short traders.
Hoping for some clear trend to spot some good entries.
To your success, CS Team!
BTC dominance is currently at 53.6% (+0.1%). The total market cap is currently at $111.6 billion (- $2.2 billion). The market volume of the last 24h was $17.1 billion (+ $0.7 billion).
Technical analysis
H4 time frame : https://www.tradingview.com/x/hSnyvDoA/
It didn't reclaimed above our area of interest and after move up, it dropped down triggerring our stop loss orders. They were close to break even but we are now out of the position.
We are looking for next trade setup, both options are possible. The way market acts is not that good and all these fakeouts are literally shaking out both, long and short traders.
Hoping for some clear trend to spot some good entries.
To your success, CS Team!
It is February 7th, 2019
BTC dominance is currently at 53.4% (-0.2%). The total market cap is currently at $111.6 billion (+ $0.0 billion). The market volume of the last 24h was $15.3 billion (- $1.8 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/Sl7bSFcJ/
Very slow day. Yesterday it went down sparking the bearish momentum but today it died and behind us is one more extremelly slow day in price movement.
We do not have setup on Bitcoin yet. Once we get it, we will share our idea with you. Our previous bullish setup failed so now it is time to look for new one.
To your success, CS Team!
BTC dominance is currently at 53.4% (-0.2%). The total market cap is currently at $111.6 billion (+ $0.0 billion). The market volume of the last 24h was $15.3 billion (- $1.8 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/Sl7bSFcJ/
Very slow day. Yesterday it went down sparking the bearish momentum but today it died and behind us is one more extremelly slow day in price movement.
We do not have setup on Bitcoin yet. Once we get it, we will share our idea with you. Our previous bullish setup failed so now it is time to look for new one.
To your success, CS Team!
It is February 8th, 2019
BTC dominance is currently at 53.0% (-0.4%). The total market cap is currently at $121.7 billion (+ $10.1 billion). The market volume of the last 24h was $23.5 billion (+ $8.2 billion).
Fundamental analysis
SEC Commissioner Jackson Thinks Regulator Will Approve BTC ETF, Leaked Interview Shows
https://cointelegraph.com/news/sec-commissioner-jackson-thinks-regulator-will-approve-btc-etf-leaked-interview-shows
Technical analyis
Daily time frame : https://www.tradingview.com/x/ZQIiT4BL/
After almost 3 weeks of consolidation and slowly decline in the market, we saw incredible up move that we expected 6-7 days or even more. Our long on BTC was stopped out but our ETH long still alive and made us great gain.
Is this the same candle we saw on December 17th 2018 when the uptrend started that reached 4250?
It is hard to say but it is definitely great move. Some of the altcoins made incredible move, especially Litecoin.
We are still bullish, we are now waiting for right moment to add to Ethereum long and to look for long on Bitcoin since we think it has real chance to see 4k again and test both horizontal and downslopping trend line. If it closes above these two lines and if it gives trigger on the retest, we could see an impressive move up to test first monthly resistance around 4.5k
Now what we want to see is the increase in interest because if we see no action in next 24-48 hours, this move could be invalidated and ranging may happen again.
On the weekly chart, bullish engulfing at the moment gives us reason to believe that this can go to 4k and then monitoring priuce action we should decide what next.
Some will say it was because of rumors about ETF. We would disagree. The technicals were pointing up, it was just the question what will trigger the move. So, the outcome was caused by both technicals and fundamentals.
No reason to look for short at the moment. If we get rejected by 3700 few more times, we could start doubting bullishness but so far no signs of slowing down.
To your success, CS Team!
BTC dominance is currently at 53.0% (-0.4%). The total market cap is currently at $121.7 billion (+ $10.1 billion). The market volume of the last 24h was $23.5 billion (+ $8.2 billion).
Fundamental analysis
SEC Commissioner Jackson Thinks Regulator Will Approve BTC ETF, Leaked Interview Shows
https://cointelegraph.com/news/sec-commissioner-jackson-thinks-regulator-will-approve-btc-etf-leaked-interview-shows
Technical analyis
Daily time frame : https://www.tradingview.com/x/ZQIiT4BL/
After almost 3 weeks of consolidation and slowly decline in the market, we saw incredible up move that we expected 6-7 days or even more. Our long on BTC was stopped out but our ETH long still alive and made us great gain.
Is this the same candle we saw on December 17th 2018 when the uptrend started that reached 4250?
It is hard to say but it is definitely great move. Some of the altcoins made incredible move, especially Litecoin.
We are still bullish, we are now waiting for right moment to add to Ethereum long and to look for long on Bitcoin since we think it has real chance to see 4k again and test both horizontal and downslopping trend line. If it closes above these two lines and if it gives trigger on the retest, we could see an impressive move up to test first monthly resistance around 4.5k
Now what we want to see is the increase in interest because if we see no action in next 24-48 hours, this move could be invalidated and ranging may happen again.
On the weekly chart, bullish engulfing at the moment gives us reason to believe that this can go to 4k and then monitoring priuce action we should decide what next.
Some will say it was because of rumors about ETF. We would disagree. The technicals were pointing up, it was just the question what will trigger the move. So, the outcome was caused by both technicals and fundamentals.
No reason to look for short at the moment. If we get rejected by 3700 few more times, we could start doubting bullishness but so far no signs of slowing down.
To your success, CS Team!
Cointelegraph
SEC Commissioner Jackson Thinks Regulator Will Approve BTC ETF, Leaked Interview Shows
A forthcoming interview with a U.S. securities representative sees possible positive news about the future of a Bitcoin ETF.
It is February 10th, 2019
BTC dominance is currently at 52.9% (-0.1%). The total market cap is currently at $121.2 billion (- $0.5 billion). The market volume of the last 24h was $19.1 billion (- $4.4 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/z3R7BLIG/
After an impulsive wave up, mwe are currently consolidating around 3600 price area. Considering the whole move, it is still above 38.2% fibonacci which gives us strong sign of market strength.
If correction happen, ideally would be to 3500-3550 area where buy action would make a lot of sense. Close below 3500 and especially 3450 would be very bad and the because aloswt the whole move will be invalidated. We are currently long on ETH and looking for an entry on BTC. Currently our setups are looking for long entry.
To your success, CS Team!
BTC dominance is currently at 52.9% (-0.1%). The total market cap is currently at $121.2 billion (- $0.5 billion). The market volume of the last 24h was $19.1 billion (- $4.4 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/z3R7BLIG/
After an impulsive wave up, mwe are currently consolidating around 3600 price area. Considering the whole move, it is still above 38.2% fibonacci which gives us strong sign of market strength.
If correction happen, ideally would be to 3500-3550 area where buy action would make a lot of sense. Close below 3500 and especially 3450 would be very bad and the because aloswt the whole move will be invalidated. We are currently long on ETH and looking for an entry on BTC. Currently our setups are looking for long entry.
To your success, CS Team!
It is February 11th, 2019
BTC dominance is currently at 52.8%(-0.1%). The total market cap is currently at $121-4 billion (+ $0.2 billion). The market volume of the last 24h was $21.0 billion (+ $1.9 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/spXty3Un/
We are still bullish on the price action. Not the best we want to see but that's bitcoin. We are still long on ETH. Waiting for position on Bitcoin. Would like to see some clear bullish signs before going long on these two contracts.
To your success, CS Team!
BTC dominance is currently at 52.8%(-0.1%). The total market cap is currently at $121-4 billion (+ $0.2 billion). The market volume of the last 24h was $21.0 billion (+ $1.9 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/spXty3Un/
We are still bullish on the price action. Not the best we want to see but that's bitcoin. We are still long on ETH. Waiting for position on Bitcoin. Would like to see some clear bullish signs before going long on these two contracts.
To your success, CS Team!
It is February 12th, 2019
BTC dominance is currently at 52.7% (-0.1%). The total market cap is currently at $122.1 billion (+$0.7 billion). The market volume of the last 24h was $20.3 billion (- $0.7 billion).
Technical analysis
Daily time frame: https://www.tradingview.com/x/pStUerxu/
The price reached our ideal buy area and pulled back. Currently around 3600 again looking very good.
Our long on Ethereum is still active and we are not thinking of closing it as long as market doesn't show us some big bearish sign or until it reaches our targets that are pretty high.
Yesterday's bearish daily candle is invalidated by todays green one so the price action is looking good for bulls and we expect tomorrow some good upward momentum to kicks in.
To your success, CS Team!
BTC dominance is currently at 52.7% (-0.1%). The total market cap is currently at $122.1 billion (+$0.7 billion). The market volume of the last 24h was $20.3 billion (- $0.7 billion).
Technical analysis
Daily time frame: https://www.tradingview.com/x/pStUerxu/
The price reached our ideal buy area and pulled back. Currently around 3600 again looking very good.
Our long on Ethereum is still active and we are not thinking of closing it as long as market doesn't show us some big bearish sign or until it reaches our targets that are pretty high.
Yesterday's bearish daily candle is invalidated by todays green one so the price action is looking good for bulls and we expect tomorrow some good upward momentum to kicks in.
To your success, CS Team!