Good morning dear friends, I hope you are doing great
It is February 27th, 2019
BTC dominance is currently at 51.9% (Same it was in the time of the last update). The total market cap is currently at $130.9 billion (It grew $0.3 billion from the time of our last update). The market volume of the last 24h was $25.5 billion (It dropped $3.9 billion since our last update).
Since last 24h didn't bring us some very important news in the market, we would cover directly technical side.
Daily time frame : https://www.tradingview.com/x/VV9dCvHo
As the monthly close is coming tomorrow, we would like to share our opinion firstly on monthly time frame before going deeper into daily.
Monthly time frame https://www.tradingview.com/x/Hyu7gud6
The red area was the support from 2017 that was broken in the late 2018 and we are still waiting for clear test.
At the moment of writing, the monthly is forming bullish engulfing candlestick pattern which tells us that March could be month when we are going to test this broken support.
Having that in mind, we expect to see more bullish action in March that will lead us to this resistance (4300-4700).
Even if we test it, it will still be the bear market in play and typical example of breakdown and retest before going deeper.
Even if the daily would look very bullish if price reaches this zone, considering the monthly, as long as we are below, it is bearish market for us.
Clear support on the monthly is the green area around 1100. Do we think it will be reached?
No, because on the weekly we have bunch of potential support areas firstly at 2900, next at 2500 and last one at 1800. So, if we broke through all these areas, we can start targeting monthly support which is less likely to happen in our opinion.
Back to daily, it is still in the range between support at 3700 and resistance at 3930-3950. In this moment, the price is exactly between these two areas so we do not have trading setup at the moment.
When in a range, the best option you can do is to long support and short resistance. If you try to play something in between, there is no tight stop loss because if you short at 3800 and put stop loss at 3850, even if you get stopped out, the short setup won't be invalidated because it can go up all the way up to 3930 and then drop. Putting stop loss above resistance would be too far and your risk reward would be meaningless.
Wait for the the price to reach either support or resistance to look for entry setup.
Best regards, CS Team!
It is February 27th, 2019
BTC dominance is currently at 51.9% (Same it was in the time of the last update). The total market cap is currently at $130.9 billion (It grew $0.3 billion from the time of our last update). The market volume of the last 24h was $25.5 billion (It dropped $3.9 billion since our last update).
Since last 24h didn't bring us some very important news in the market, we would cover directly technical side.
Daily time frame : https://www.tradingview.com/x/VV9dCvHo
As the monthly close is coming tomorrow, we would like to share our opinion firstly on monthly time frame before going deeper into daily.
Monthly time frame https://www.tradingview.com/x/Hyu7gud6
The red area was the support from 2017 that was broken in the late 2018 and we are still waiting for clear test.
At the moment of writing, the monthly is forming bullish engulfing candlestick pattern which tells us that March could be month when we are going to test this broken support.
Having that in mind, we expect to see more bullish action in March that will lead us to this resistance (4300-4700).
Even if we test it, it will still be the bear market in play and typical example of breakdown and retest before going deeper.
Even if the daily would look very bullish if price reaches this zone, considering the monthly, as long as we are below, it is bearish market for us.
Clear support on the monthly is the green area around 1100. Do we think it will be reached?
No, because on the weekly we have bunch of potential support areas firstly at 2900, next at 2500 and last one at 1800. So, if we broke through all these areas, we can start targeting monthly support which is less likely to happen in our opinion.
Back to daily, it is still in the range between support at 3700 and resistance at 3930-3950. In this moment, the price is exactly between these two areas so we do not have trading setup at the moment.
When in a range, the best option you can do is to long support and short resistance. If you try to play something in between, there is no tight stop loss because if you short at 3800 and put stop loss at 3850, even if you get stopped out, the short setup won't be invalidated because it can go up all the way up to 3930 and then drop. Putting stop loss above resistance would be too far and your risk reward would be meaningless.
Wait for the the price to reach either support or resistance to look for entry setup.
Best regards, CS Team!
Forwarded from Future Crypto Experts - Paid Channel
Hello dear members, I hope you are doing great
I know that crypto community have some special relationship with ripple. You either love it and you think it is the best one or how you like to call it #xrpstandard or you hate and think that it is highly controlled and has no value.
Whoever is right, the ripple is still doing great, it is right Bitcoin and Ethereum and it deserves our attention.
The latest Coinbase listing is one of the examples that shows their growth. They are constantly partnering with new banks and generally doing great things.
The main usage is cross border transactions between banks which has potential. Even if crypto in general stands against banks, they will be in game and some part will be centralised. Every crypto exchange is bank but in digital world. Binance, Kraken, Coinbase. They hold your monney, charge you fees. What is difference between crypto banks and real banks?
So, fundamentally the project is expanding more and more which is great for them.
Now, let's look at technicals and see what does price action show us.
Weekly time frame: http://prntscr.com/mqrfy7
Looking at this, it doesn't look good. Every pump was invalidated is clear sign of big number of eager sellers who bough ripple in the past. Big number of sellers is not good as long as they are still holding coins.
Slowly but steady it is losing momentum. First it lose 9000 sat as a support and turned into resistance, now it is fighting with 8000. But below 9000, there is no real support before potential 7000. The reason why 8000 has some power is recent Coinbase listing and simply because it is round number and people like to buy/sell round numbers.
But, the first potential support based on chart is 7000 because of its chances to become right shoulder of big head and shoulders chart pattern that would launch price to maybe new all time highs.
The first strong area to look to buy is around 6000 based on strong weekly price level. Breaking below that would be disaster because it would lead us to extremly low price levels from early 2018.
Considering the hype in the community, we expect every support to be bought and that's why we will have our eyes on these two areas: 7000 and 6000. This is not opening leverage position on Bitmex but actually buying coins and targeting some pretty high prices.
The reason why we think price may drop to these two mentioned areas is the Stellar Lumen chart.
Weekly time frame: http://prntscr.com/mqruer
As you may know, considering the fact that these two coins have the same owner, they used to move together in the past or to follow one another.
With the price action that we can see on the chart of Stellar, we would be even more bearish on Ripple and think price will visit our buy areas almost for sure.
It is holiding the last support before big sell off. It may hold out, but we do not like to base our buy entries on support that is established by the low of three wicks.
If it gets broken, God bless stellar holders 🙏
Another reason for being currently bearish on Ripple is the fact that is Bitmex altcoin and with big number of sellers, potential short squeeze may easily happen and in that case, it would cause move down not only on Bitmex but on other exchanges too.
If you are looking to buy, do it on one of these two areas or if they front run us and don't let price to reach them, buy once 9000 is reclaimed as a support. In that case, we would buy some but not as much as we would look to buy aroud 7000 (especially 6000).
Best regards, CS Team!
I know that crypto community have some special relationship with ripple. You either love it and you think it is the best one or how you like to call it #xrpstandard or you hate and think that it is highly controlled and has no value.
Whoever is right, the ripple is still doing great, it is right Bitcoin and Ethereum and it deserves our attention.
The latest Coinbase listing is one of the examples that shows their growth. They are constantly partnering with new banks and generally doing great things.
The main usage is cross border transactions between banks which has potential. Even if crypto in general stands against banks, they will be in game and some part will be centralised. Every crypto exchange is bank but in digital world. Binance, Kraken, Coinbase. They hold your monney, charge you fees. What is difference between crypto banks and real banks?
So, fundamentally the project is expanding more and more which is great for them.
Now, let's look at technicals and see what does price action show us.
Weekly time frame: http://prntscr.com/mqrfy7
Looking at this, it doesn't look good. Every pump was invalidated is clear sign of big number of eager sellers who bough ripple in the past. Big number of sellers is not good as long as they are still holding coins.
Slowly but steady it is losing momentum. First it lose 9000 sat as a support and turned into resistance, now it is fighting with 8000. But below 9000, there is no real support before potential 7000. The reason why 8000 has some power is recent Coinbase listing and simply because it is round number and people like to buy/sell round numbers.
But, the first potential support based on chart is 7000 because of its chances to become right shoulder of big head and shoulders chart pattern that would launch price to maybe new all time highs.
The first strong area to look to buy is around 6000 based on strong weekly price level. Breaking below that would be disaster because it would lead us to extremly low price levels from early 2018.
Considering the hype in the community, we expect every support to be bought and that's why we will have our eyes on these two areas: 7000 and 6000. This is not opening leverage position on Bitmex but actually buying coins and targeting some pretty high prices.
The reason why we think price may drop to these two mentioned areas is the Stellar Lumen chart.
Weekly time frame: http://prntscr.com/mqruer
As you may know, considering the fact that these two coins have the same owner, they used to move together in the past or to follow one another.
With the price action that we can see on the chart of Stellar, we would be even more bearish on Ripple and think price will visit our buy areas almost for sure.
It is holiding the last support before big sell off. It may hold out, but we do not like to base our buy entries on support that is established by the low of three wicks.
If it gets broken, God bless stellar holders 🙏
Another reason for being currently bearish on Ripple is the fact that is Bitmex altcoin and with big number of sellers, potential short squeeze may easily happen and in that case, it would cause move down not only on Bitmex but on other exchanges too.
If you are looking to buy, do it on one of these two areas or if they front run us and don't let price to reach them, buy once 9000 is reclaimed as a support. In that case, we would buy some but not as much as we would look to buy aroud 7000 (especially 6000).
Best regards, CS Team!
Lightshot
Screenshot
Captured with Lightshot
Good morning dear friends, I hope you are doing amazing
It is February 28th, 2019
BTC dominance is 52.2% (It is higher 0.3% since our last update). The market cap is currently at $130.6 billion (It dropped $0.3 since our last update). The market volume of the last 24h was $27.9 billion (It raised $2.4 billion in last 24h).
The biggest news today is Ethereum hard fork. It is software hard fork and there will be two of them : Constantinople and St. Petersburg.
The hard fork is in our opinion very bullish and here is the reason why. It will reduce fees that smart contract creator has to pay to use Ethereum blockchain service or simple said to run smart contract on Ethereum blockchain. It will allow these creators to focus more on the project they are doing.
Another positive update is decrease in block reward that will set up Ethereum for Proof of Stake that should occur in second half of 2019 per their words.
The proof of stake in our opinion is going to bring demand to Ethereum community because in order to be a staker, you will need only 32 Ethereum which is pretty affordable and there will be a lot of people interested to stake second biggest cryptocurrency.
So, our overal opinion is that it will bring positve things to Ethereum and after fork dump, apart from small decline of 5-10%, is not expected. Even if that happens, we will rather be buyers than sellers.
Hard fork will occur on block number 7280000 which will happen in next 8-10 hours from the time of writting.
Let's check out Bitcoin chart
Daily time frame: https://www.tradingview.com/x/Zt4a8fKV
As we mentioned in our last update, we are currently in the range between 3700 and 3950 and what you do in a range is very simple. You long support and short resistance.
The support at EMA 50 and green horizontal area played out perfectly and invalidated entire move down.
Hourly time frame https://www.tradingview.com/x/GpfmQrBs
On this low time frame chart, you can see how it acted and invalidated move down.
Now, back to daily time frame, it looks very good. We had big dump that didn't continue down. Two times it tried to drop, it got rejected both times.
This gives us clear sign that the drop was nothing but long squeeze otherwise drop would continue further down.
Since support acted very good, we are expecting potential test of resistance. The price action is generally bullish as long as it is above yesterdays low (3640). If it drops to that area, most likely we are going down to 3500.
Apart from scalping, we are not opening swing positions. Our ideal long entry would be around 3550 or after we broke above resistance with good confirmation by price action.
Everythinng else will be scalping (longing support, shorting resistance) as long as we are in this range.
Best regards, CS Team!
It is February 28th, 2019
BTC dominance is 52.2% (It is higher 0.3% since our last update). The market cap is currently at $130.6 billion (It dropped $0.3 since our last update). The market volume of the last 24h was $27.9 billion (It raised $2.4 billion in last 24h).
The biggest news today is Ethereum hard fork. It is software hard fork and there will be two of them : Constantinople and St. Petersburg.
The hard fork is in our opinion very bullish and here is the reason why. It will reduce fees that smart contract creator has to pay to use Ethereum blockchain service or simple said to run smart contract on Ethereum blockchain. It will allow these creators to focus more on the project they are doing.
Another positive update is decrease in block reward that will set up Ethereum for Proof of Stake that should occur in second half of 2019 per their words.
The proof of stake in our opinion is going to bring demand to Ethereum community because in order to be a staker, you will need only 32 Ethereum which is pretty affordable and there will be a lot of people interested to stake second biggest cryptocurrency.
So, our overal opinion is that it will bring positve things to Ethereum and after fork dump, apart from small decline of 5-10%, is not expected. Even if that happens, we will rather be buyers than sellers.
Hard fork will occur on block number 7280000 which will happen in next 8-10 hours from the time of writting.
Let's check out Bitcoin chart
Daily time frame: https://www.tradingview.com/x/Zt4a8fKV
As we mentioned in our last update, we are currently in the range between 3700 and 3950 and what you do in a range is very simple. You long support and short resistance.
The support at EMA 50 and green horizontal area played out perfectly and invalidated entire move down.
Hourly time frame https://www.tradingview.com/x/GpfmQrBs
On this low time frame chart, you can see how it acted and invalidated move down.
Now, back to daily time frame, it looks very good. We had big dump that didn't continue down. Two times it tried to drop, it got rejected both times.
This gives us clear sign that the drop was nothing but long squeeze otherwise drop would continue further down.
Since support acted very good, we are expecting potential test of resistance. The price action is generally bullish as long as it is above yesterdays low (3640). If it drops to that area, most likely we are going down to 3500.
Apart from scalping, we are not opening swing positions. Our ideal long entry would be around 3550 or after we broke above resistance with good confirmation by price action.
Everythinng else will be scalping (longing support, shorting resistance) as long as we are in this range.
Best regards, CS Team!
Block number 7 280 000 has been reached.
Ethereum Constantinople hard fork is live!
Ethereum Constantinople hard fork is live!
Greetings dear memebers, I hope you are doing great
It is March 1st, 2019
BTC dominance is currently at 51.9% (It is lower 0.3% since our last update). The market cap is currently at $131.0 billion (It raised for $0.4 billion from our last update). The market volume of the last 24h was $26.0 billion (It is $1.9 billion lower than it was 24h ago).
The biggest news for yesterday was the Ethereum fork that was expected to bring volatility into the market. Exactly opposite did happen and price is simply the same it was before the fork. This was to worst case scenario because for us as the traders, we need volatility not the same price all the time.
Techincal analysis
Daily time frame: https://www.tradingview.com/x/uaEUTB6f
The price is still holding strongly above EMA 50 and 3700 support area which is pretty good sign.
Based on monthly close that was yesterday, one more time we expect to see test of monthly resistance (4300-4700).
The dream entry would be around 3500 and if price reaches that area, it would be phenomenal.
Now, as we are in a trade, apart from small scalp trades, we are flat waiting for either break of 3900 or test of 3500-3550.
Best regards, CS Team!
It is March 1st, 2019
BTC dominance is currently at 51.9% (It is lower 0.3% since our last update). The market cap is currently at $131.0 billion (It raised for $0.4 billion from our last update). The market volume of the last 24h was $26.0 billion (It is $1.9 billion lower than it was 24h ago).
The biggest news for yesterday was the Ethereum fork that was expected to bring volatility into the market. Exactly opposite did happen and price is simply the same it was before the fork. This was to worst case scenario because for us as the traders, we need volatility not the same price all the time.
Techincal analysis
Daily time frame: https://www.tradingview.com/x/uaEUTB6f
The price is still holding strongly above EMA 50 and 3700 support area which is pretty good sign.
Based on monthly close that was yesterday, one more time we expect to see test of monthly resistance (4300-4700).
The dream entry would be around 3500 and if price reaches that area, it would be phenomenal.
Now, as we are in a trade, apart from small scalp trades, we are flat waiting for either break of 3900 or test of 3500-3550.
Best regards, CS Team!
Forwarded from Future Crypto Experts - Paid Channel
Good evening dear members, I hope you are doing amazing
The coin that outperformed the majority of the market after big dump in the late of 2018 got on our list.
EOS, the coin that reached its price before big dump in Q4 2018, is looking pretty good.
3D time frame : http://prntscr.com/mr2a5e
The EOS did something similar to BTC reaching 6k price area. Wouldn't you consider it bullish?
Now, everything that is bullish requires some time until early buyers are out and until big boys accumulate enough.
We do not want to buy too early and then wait for price to find bottom somewhere.
Our eyes are on the green area around 70k satoshies but having in mind the fact that these setups got front run very often because they are looking pretty obvious and clear, we would start buying even a little bit higher (75000).
We consider this as a great trade opportunity. Apart from targeting all time high that would be too optimistic even for biggest fans, we could easily target an area around 135k sats the previous all time high which would still be great move and potential profit.
This is our technical point of view on EOS/BTC.
As the chart is looking pretty decent, we would go over fundamentals in next couple of days and bring to you fundamental side of EOS so we can have whole picture of this coin and we would be able to make an overall opinion based on both, technicals and fundamentals.
Best regards, CS Team!
The coin that outperformed the majority of the market after big dump in the late of 2018 got on our list.
EOS, the coin that reached its price before big dump in Q4 2018, is looking pretty good.
3D time frame : http://prntscr.com/mr2a5e
The EOS did something similar to BTC reaching 6k price area. Wouldn't you consider it bullish?
Now, everything that is bullish requires some time until early buyers are out and until big boys accumulate enough.
We do not want to buy too early and then wait for price to find bottom somewhere.
Our eyes are on the green area around 70k satoshies but having in mind the fact that these setups got front run very often because they are looking pretty obvious and clear, we would start buying even a little bit higher (75000).
We consider this as a great trade opportunity. Apart from targeting all time high that would be too optimistic even for biggest fans, we could easily target an area around 135k sats the previous all time high which would still be great move and potential profit.
This is our technical point of view on EOS/BTC.
As the chart is looking pretty decent, we would go over fundamentals in next couple of days and bring to you fundamental side of EOS so we can have whole picture of this coin and we would be able to make an overall opinion based on both, technicals and fundamentals.
Best regards, CS Team!
Lightshot
Screenshot
Captured with Lightshot
Greetings dear members, I hope you are enjoying your weekend
It is March 2nd, 2019
BTC dominance is currently at 52.1% (It raised 0.2% in last 24h). The market cap is currently at $130.0 billion (It dropped $1 billion since our last update). The market volume of the last 24h was $25.3 billion (It is lower for $0.7 than it was 24h ago).
Technical analysis
Daily time frame : https://www.tradingview.com/x/UiuRiOst
The range is still in play. The expected volatility after Ehtereum fork didn't happen which surprised us a little bit but we have to get used to it.
We are currently flat on all Bitmex cryptocurrency pairs. We are waiting for ETH or Bitcoin to show the next sign. We would like to see downtrend until 3550 so we can get nice long entry on Bitcoin if it gives us a sign.
In the range, we are still seeing a lot of fake up and down moves that got invalidated as soon as they happen.
Won't risk at the moment because it would be stupid risk. It would be better to risk when there is opportunity not at this price where next move is hardly to be known which we can see on daily time frames that shows series of Doji candlesticks.
Until it moves, we will stay flat.
Best regards, CS Team!
It is March 2nd, 2019
BTC dominance is currently at 52.1% (It raised 0.2% in last 24h). The market cap is currently at $130.0 billion (It dropped $1 billion since our last update). The market volume of the last 24h was $25.3 billion (It is lower for $0.7 than it was 24h ago).
Technical analysis
Daily time frame : https://www.tradingview.com/x/UiuRiOst
The range is still in play. The expected volatility after Ehtereum fork didn't happen which surprised us a little bit but we have to get used to it.
We are currently flat on all Bitmex cryptocurrency pairs. We are waiting for ETH or Bitcoin to show the next sign. We would like to see downtrend until 3550 so we can get nice long entry on Bitcoin if it gives us a sign.
In the range, we are still seeing a lot of fake up and down moves that got invalidated as soon as they happen.
Won't risk at the moment because it would be stupid risk. It would be better to risk when there is opportunity not at this price where next move is hardly to be known which we can see on daily time frames that shows series of Doji candlesticks.
Until it moves, we will stay flat.
Best regards, CS Team!
Greetings dear members, I hope you are doing great
It is March 3rd, 2019
BTC dominance is currently at 52.1% (It raised 0.1% in last 24h). Since our last update, the market cap raised by $0.1 billion from $130.0 billion to $130.1 billion. The market volume of the last 24h dropped from $25.3 billion to $22.6 billion (- $2.7 billion).
Technical analysis
Weekly time frame: https://www.tradingview.com/x/GXbJfBR4
Daily time frame: https://www.tradingview.com/x/wXN0ojvp
Looking at weekly, if we close a little bit lower, next week could easily reach our dream long entry around 3500. There would be downward momentum if price closes a little bit lower than it is currently now.
We are still not in a trade on any bitmex alt. We are waiting for buy opportunity because we think this month will bring upside momentum and we do not want to miss it by focusing on too small picture trying to catch some dime profit.
Once we reach buy entry, we will let you know.
Best regards, CS Team!
It is March 3rd, 2019
BTC dominance is currently at 52.1% (It raised 0.1% in last 24h). Since our last update, the market cap raised by $0.1 billion from $130.0 billion to $130.1 billion. The market volume of the last 24h dropped from $25.3 billion to $22.6 billion (- $2.7 billion).
Technical analysis
Weekly time frame: https://www.tradingview.com/x/GXbJfBR4
Daily time frame: https://www.tradingview.com/x/wXN0ojvp
Looking at weekly, if we close a little bit lower, next week could easily reach our dream long entry around 3500. There would be downward momentum if price closes a little bit lower than it is currently now.
We are still not in a trade on any bitmex alt. We are waiting for buy opportunity because we think this month will bring upside momentum and we do not want to miss it by focusing on too small picture trying to catch some dime profit.
Once we reach buy entry, we will let you know.
Best regards, CS Team!
Good morning dear members, I hope you are enjoying your day
This is daily update for March 4th, 2019
BTC dominance is currently at 52.6% (It is up 0.5% in last 24h). The total market cap is down for $3.9 billions and currently at $126.1 billion. The volume of the last 24h was $25.9 billion (It raised for $3.3 billion).
Technical analysis
Bitcoin Daily Time Frame : https://www.tradingview.com/x/woY6Jjo3
As we mentioned in our yesterday's update, after bearish weekly close, the price is going down. We are targeting 3550 at least. If that gets reached we will see how low it can go but that's our first main target for the move down.
We hope you read our yesterday's post and didn't long Bitcoin. The move down makes us happy because not only Bitcoin but alts such as Litecoin or Ethereum are coming closer to their great buy entries so be ready becayse after one more move down, we can get some nice entry opportunities.
We are not shorting because of potential support at 3700 that is confluence of horizontal price level and EMA 50.
Best regrds, CS Team!
This is daily update for March 4th, 2019
BTC dominance is currently at 52.6% (It is up 0.5% in last 24h). The total market cap is down for $3.9 billions and currently at $126.1 billion. The volume of the last 24h was $25.9 billion (It raised for $3.3 billion).
Technical analysis
Bitcoin Daily Time Frame : https://www.tradingview.com/x/woY6Jjo3
As we mentioned in our yesterday's update, after bearish weekly close, the price is going down. We are targeting 3550 at least. If that gets reached we will see how low it can go but that's our first main target for the move down.
We hope you read our yesterday's post and didn't long Bitcoin. The move down makes us happy because not only Bitcoin but alts such as Litecoin or Ethereum are coming closer to their great buy entries so be ready becayse after one more move down, we can get some nice entry opportunities.
We are not shorting because of potential support at 3700 that is confluence of horizontal price level and EMA 50.
Best regrds, CS Team!
Forwarded from Future Crypto Experts - Paid Channel
Morning dear members, I hope you are enjoying weekend and egarly waiting for new week
After TRON and before Ethereum, Litecoin made some amazing moves up.
Here is the chart and our analysis : http://prntscr.com/msiczx
Currently, right at resistance looking very good. There is no significant pullback after breaking resistance on 100k sats.
Considering that it is right now in the middle between target 1 and first potential support, it is hard to say that buying now is okay.
Buying breakout is okay but as long as it is sitting right at resistance without too much floor below, it is better to wait because there is probability that support will be tested.
In general, our opinion that with this price action, we can see reaching Target 1 without any doubt.
Looking very strong, currently at price level it was in June 2018, already broke its resistance from Q4 2018 that is still big problem for the majority of coins.
Looking at volume, it is showinng strength and confirming those breakouts.
Best regards, CS Team
After TRON and before Ethereum, Litecoin made some amazing moves up.
Here is the chart and our analysis : http://prntscr.com/msiczx
Currently, right at resistance looking very good. There is no significant pullback after breaking resistance on 100k sats.
Considering that it is right now in the middle between target 1 and first potential support, it is hard to say that buying now is okay.
Buying breakout is okay but as long as it is sitting right at resistance without too much floor below, it is better to wait because there is probability that support will be tested.
In general, our opinion that with this price action, we can see reaching Target 1 without any doubt.
Looking very strong, currently at price level it was in June 2018, already broke its resistance from Q4 2018 that is still big problem for the majority of coins.
Looking at volume, it is showinng strength and confirming those breakouts.
Best regards, CS Team
Lightshot
Screenshot
Captured with Lightshot
Greetings to all of you, I hope you are doing amazing
Let's write an interesting and an educational post to learn more about cryptocurrency market.
Today, we would like to cover a myth that is very popular in crypto community.
Banks are printing every day more and more money and by the growth in supply, we have to expect drop in value. On the other side, Bitcoin, as the biggest cryptocurrency, has limited supply and there will be maximum of 21 million coins.
This is all true and we do not want to try to prove anyone wrong. There will be maximum of 21 million coins that should be mined by 2140.
Once all coins are mined, the miner reward will be fees from transactions.
The whole idea that Satoshi had was amazing apart from being open sourced. Yeah, it is one of positive sides because we all can check the code and help it become better and more secure.
But, that's a text that could be easily copied. We can anytime copy that code, write the changes we want and publish our own coin. Isn't that hyperinflation. Yeah, maybe the coin will be worth 1% of the value of main coin but considering the fact that only bitcoin has dozens of forks that all created new version of Bitcoin, what is the real supply of Bitcoin?
Not only Bitcoin but other cryptocurrencies as well.
Bitcoin as a single coin, has limited supply, but general crypto market with all these forks, aridrops is under hyperinflation as well as our current money sistem.
So, keep that in mind when you considering buying new coins. Yeah, the crypto will have big part in the future but we are almost 100% sure that the majority of current alts will lose its value in next 3 years so be cautious where you are putting your monney in.
Best regards, CS Team
Let's write an interesting and an educational post to learn more about cryptocurrency market.
Today, we would like to cover a myth that is very popular in crypto community.
Banks are printing every day more and more money and by the growth in supply, we have to expect drop in value. On the other side, Bitcoin, as the biggest cryptocurrency, has limited supply and there will be maximum of 21 million coins.
This is all true and we do not want to try to prove anyone wrong. There will be maximum of 21 million coins that should be mined by 2140.
Once all coins are mined, the miner reward will be fees from transactions.
The whole idea that Satoshi had was amazing apart from being open sourced. Yeah, it is one of positive sides because we all can check the code and help it become better and more secure.
But, that's a text that could be easily copied. We can anytime copy that code, write the changes we want and publish our own coin. Isn't that hyperinflation. Yeah, maybe the coin will be worth 1% of the value of main coin but considering the fact that only bitcoin has dozens of forks that all created new version of Bitcoin, what is the real supply of Bitcoin?
Not only Bitcoin but other cryptocurrencies as well.
Bitcoin as a single coin, has limited supply, but general crypto market with all these forks, aridrops is under hyperinflation as well as our current money sistem.
So, keep that in mind when you considering buying new coins. Yeah, the crypto will have big part in the future but we are almost 100% sure that the majority of current alts will lose its value in next 3 years so be cautious where you are putting your monney in.
Best regards, CS Team
Greetings to you all dear members, hop you are doing great
This is daily update for March 5th, 2019
BTC dominance is currently at 51.9 % (It is down 0.7% in last 24h). The total market cap raised to $130.9 billion ($4.8 billion). The volume of the last 24h was $30.7 billion (It raised $4.8 billion).
Technical analysis
Bitcoin Daily Time Frame : https://www.tradingview.com/x/AcV4l21s
3700 support perfectly in play. It did close below EMA 50 but the day after it got bought up and confirmed the power of 3700 as a support.
We played long scalp from 3730 after we spot the sign of upside momentum. Now, it all depends where the price will find resistance.
We still believe that it has chance of reaching 3550-3500 that would be dream swing long entry but until it happens we will play some scalps.
We do not expect this move up to continue above 3900. We could see one more leg up but our opinion is that it wont go above 3900.
H4 Time Frame : https://www.tradingview.com/x/rr4uJMfr
This time frame shows perfectly how out support acted very strongly and stopped further down momentum.
General market look is amazing.
LTC and BNB are doing pretty amazing. The market is looking bullish and we still think Bitcoin will test 4300-4700 monthly resistance in March and we will play our trades accordingly to that assumption.
Best regards, CS Team!
This is daily update for March 5th, 2019
BTC dominance is currently at 51.9 % (It is down 0.7% in last 24h). The total market cap raised to $130.9 billion ($4.8 billion). The volume of the last 24h was $30.7 billion (It raised $4.8 billion).
Technical analysis
Bitcoin Daily Time Frame : https://www.tradingview.com/x/AcV4l21s
3700 support perfectly in play. It did close below EMA 50 but the day after it got bought up and confirmed the power of 3700 as a support.
We played long scalp from 3730 after we spot the sign of upside momentum. Now, it all depends where the price will find resistance.
We still believe that it has chance of reaching 3550-3500 that would be dream swing long entry but until it happens we will play some scalps.
We do not expect this move up to continue above 3900. We could see one more leg up but our opinion is that it wont go above 3900.
H4 Time Frame : https://www.tradingview.com/x/rr4uJMfr
This time frame shows perfectly how out support acted very strongly and stopped further down momentum.
General market look is amazing.
LTC and BNB are doing pretty amazing. The market is looking bullish and we still think Bitcoin will test 4300-4700 monthly resistance in March and we will play our trades accordingly to that assumption.
Best regards, CS Team!
Future Crypto Experts - Paid Channel
Morning dear members, I hope you are enjoying weekend and egarly waiting for new week After TRON and before Ethereum, Litecoin made some amazing moves up. Here is the chart and our analysis : http://prntscr.com/msiczx Currently, right at resistance looking…
LTC/BTC: http://prntscr.com/mtlynt
It is breaking resistance and going straight up to the target.
This looks pretty bullish!
It is breaking resistance and going straight up to the target.
This looks pretty bullish!
Lightshot
Screenshot
Captured with Lightshot
Greetings to all of you, I hope you are having an amazing day
This is daily update for March 6th, 2019
BTC dominance keeps the same value it had in the time of yesterday's update (51.9%). The total market cap raised for $0.4 billion and currently it is at $131.3 billion. The volume of the last 24h was $31.0 billion (It raised for $0.3 billion).
Technical annalysis
Bitcoin daily time frame : https://www.tradingview.com/x/X9t3SkmA
If you go through our yesterday update, you would come across our sayings where we said that 3900 can be reached but it wont be broken as it happened today when price reached 3901 and turned back down.
We played that long scalp from 3835 after series of good signs The half closed at 3899 and other half on break even, made us nice scalp profit.
Now, what next?
Our eyes are looking again at 3750 area as potential target for move down. We won't short it but wait for potential test of that area to get nice long if we get a sign.
Other coins are doing great too. If you saw our LTC update, it is going straight up to the target, Eth is going up too.
On the other side, the coin we said that is in trouble, Ripple, is not moving like the rest of the market and once the market takes a break, Ripple may lose 8000 sats as a support and turn it into a resistance.
Tron pushed by strong fundamentals went up and front run our buy orders in green support area. We wont buy it now but wait until it reaches our area. It is better to miss the coin than to enter too high.
To conclude, expected pull back in the market. We would like to see Bitcoin at 3750-3770 to check the buy signs if they develop. The area for Ethereum is 128-131.
Best regards, CS Team!
This is daily update for March 6th, 2019
BTC dominance keeps the same value it had in the time of yesterday's update (51.9%). The total market cap raised for $0.4 billion and currently it is at $131.3 billion. The volume of the last 24h was $31.0 billion (It raised for $0.3 billion).
Technical annalysis
Bitcoin daily time frame : https://www.tradingview.com/x/X9t3SkmA
If you go through our yesterday update, you would come across our sayings where we said that 3900 can be reached but it wont be broken as it happened today when price reached 3901 and turned back down.
We played that long scalp from 3835 after series of good signs The half closed at 3899 and other half on break even, made us nice scalp profit.
Now, what next?
Our eyes are looking again at 3750 area as potential target for move down. We won't short it but wait for potential test of that area to get nice long if we get a sign.
Other coins are doing great too. If you saw our LTC update, it is going straight up to the target, Eth is going up too.
On the other side, the coin we said that is in trouble, Ripple, is not moving like the rest of the market and once the market takes a break, Ripple may lose 8000 sats as a support and turn it into a resistance.
Tron pushed by strong fundamentals went up and front run our buy orders in green support area. We wont buy it now but wait until it reaches our area. It is better to miss the coin than to enter too high.
To conclude, expected pull back in the market. We would like to see Bitcoin at 3750-3770 to check the buy signs if they develop. The area for Ethereum is 128-131.
Best regards, CS Team!
Greetings to all of you, I hope you have wonderful day
This is daily update for March 7th, 2019
BTC dominance is down 0.3% since our last post and currently at 51.6%. The total market cap went up $1.9 billion and at the moment of writting it is at $133.2 billion. The volume of the last 24h dropped for $0.5 billion and sitting at 30.5 billion.
Technical analysis
Bitcoin Daily Time Frame: https://www.tradingview.com/x/AUOvyrCe
Bitcoin 4H Time Frame : https://www.tradingview.com/x/G16mrNqp
According to confluence of these two time frames, we are currently flat on BTC. This thing could go either up or down and me saying this won't help you too much.
But, what is important is the green area around 3850 that in case it holds, we can see upside move to 3900-3930 area.
The whole thing is not that bullish but because of bullish altcoin market and the fact that BTC dominance is dropping last few days, we have to take that case in consideration too.
We will wait on H4 to get bullish close that would confirm this support. If that happens, the long scalp would make sense.
In case of breaking below and closing below, we won't short it because next support is around 3810 (EMA 50 on H4) which gives us too small distance to the target that doesn't give us good risk reward.
We are more interested to see how price would act in this area around EMA 50 and in case of bullish rejection, that would be great place to take long scalp.
3750 and EMA 50 on daily would be great opportunity but at this moment it is not showing signs of potential test of this area at least not in next 12h.
No swing opportunity, just looking for small scalps until big opportunity shows up.
Best regards, CS Team!
This is daily update for March 7th, 2019
BTC dominance is down 0.3% since our last post and currently at 51.6%. The total market cap went up $1.9 billion and at the moment of writting it is at $133.2 billion. The volume of the last 24h dropped for $0.5 billion and sitting at 30.5 billion.
Technical analysis
Bitcoin Daily Time Frame: https://www.tradingview.com/x/AUOvyrCe
Bitcoin 4H Time Frame : https://www.tradingview.com/x/G16mrNqp
According to confluence of these two time frames, we are currently flat on BTC. This thing could go either up or down and me saying this won't help you too much.
But, what is important is the green area around 3850 that in case it holds, we can see upside move to 3900-3930 area.
The whole thing is not that bullish but because of bullish altcoin market and the fact that BTC dominance is dropping last few days, we have to take that case in consideration too.
We will wait on H4 to get bullish close that would confirm this support. If that happens, the long scalp would make sense.
In case of breaking below and closing below, we won't short it because next support is around 3810 (EMA 50 on H4) which gives us too small distance to the target that doesn't give us good risk reward.
We are more interested to see how price would act in this area around EMA 50 and in case of bullish rejection, that would be great place to take long scalp.
3750 and EMA 50 on daily would be great opportunity but at this moment it is not showing signs of potential test of this area at least not in next 12h.
No swing opportunity, just looking for small scalps until big opportunity shows up.
Best regards, CS Team!
Good morning dear members, I hope you are doing great
This is daily update for March 8th, 2019
Before going deeper into our update, we wish all women in crypto world Happy Women's day🌷🌹
BTC dominance is same as it was yesterday, 51.6%. The total market cap went up $0.5 billion and currently sitting at $133.7 billion. The volume of the last 24h increased for $0.7 billion and its current value is $31.2 billion.
Technical analysis
Bitcoin Daily Time Frame: https://www.tradingview.com/x/5uObbfcm
Bitcoin 4h Time Frame :https://www.tradingview.com/x/f2fAYjbZ
Series of rejectionn can't be considered as bullish. If you check out our yesterday's update, we can see us saying that we can easily see upside move to 3900-3930 which happened with price spiking to 3913.5.
All these rejections are considered bearish but as long as support is holding, you do not want to short it.
You may ask, which support?
The support marked on h4 time frame around 3850. If that's get broken and price closes below, we will see downside momentum for some time.
That's our area of interest. As long as price is above, it is bullish even though we see all these rejections. Once it closes below that area, we will probably test EMA 50 H4 and EMA 50 D1.
No swing opportunity, still doing small scalps.
Best regards, CS Team!
This is daily update for March 8th, 2019
Before going deeper into our update, we wish all women in crypto world Happy Women's day🌷🌹
BTC dominance is same as it was yesterday, 51.6%. The total market cap went up $0.5 billion and currently sitting at $133.7 billion. The volume of the last 24h increased for $0.7 billion and its current value is $31.2 billion.
Technical analysis
Bitcoin Daily Time Frame: https://www.tradingview.com/x/5uObbfcm
Bitcoin 4h Time Frame :https://www.tradingview.com/x/f2fAYjbZ
Series of rejectionn can't be considered as bullish. If you check out our yesterday's update, we can see us saying that we can easily see upside move to 3900-3930 which happened with price spiking to 3913.5.
All these rejections are considered bearish but as long as support is holding, you do not want to short it.
You may ask, which support?
The support marked on h4 time frame around 3850. If that's get broken and price closes below, we will see downside momentum for some time.
That's our area of interest. As long as price is above, it is bullish even though we see all these rejections. Once it closes below that area, we will probably test EMA 50 H4 and EMA 50 D1.
No swing opportunity, still doing small scalps.
Best regards, CS Team!
Greetings dear members, I hope you are doing great
This is daily update for March 9th, 2019
BTC dominance is currently same it was last two days, 51.6%. The total market cap went up $1.7 billion and its current valuation is $135.4 billion. The market volume of the last 24h was $35.3 billion and made an increase of $4.1 billion.
Technical analysis
Bitcoin Daily Time Frame : https://www.tradingview.com/x/iWkksvfT
Current situation on BTC is kinda weird. Every bearish sign gets invalidarted and it is climbing step by step.
It is Saturday and weekly close is coming. We won't try to give analysis before its close ebcause we saw few last weeks it was changed dramatically on Sunday.
It aligns with bullish monthly and we still think March can give us test of 4300-4700 area. If weekly close like this, it could happen in next week easily but again we will try to assume what will happen after close of the weekly candle.
ALT coins are doing amazing and they are the main reason why all these bearish signs on BTC are getting invalidated. Last time, it was upward momentum on Bitmex alts (TRX,LTC and ETH) but now it is upside movement made by smaller coins usually from Binance.
At the moment, we do not have setup for BTC. Even if it is looking bullish, why FOMO in at 3920 when resistance is 3950? We went long at 3730 and 3840 both of these were closed in nice profit so why FOMO in at resistance?
Best regards, CS Team!
This is daily update for March 9th, 2019
BTC dominance is currently same it was last two days, 51.6%. The total market cap went up $1.7 billion and its current valuation is $135.4 billion. The market volume of the last 24h was $35.3 billion and made an increase of $4.1 billion.
Technical analysis
Bitcoin Daily Time Frame : https://www.tradingview.com/x/iWkksvfT
Current situation on BTC is kinda weird. Every bearish sign gets invalidarted and it is climbing step by step.
It is Saturday and weekly close is coming. We won't try to give analysis before its close ebcause we saw few last weeks it was changed dramatically on Sunday.
It aligns with bullish monthly and we still think March can give us test of 4300-4700 area. If weekly close like this, it could happen in next week easily but again we will try to assume what will happen after close of the weekly candle.
ALT coins are doing amazing and they are the main reason why all these bearish signs on BTC are getting invalidated. Last time, it was upward momentum on Bitmex alts (TRX,LTC and ETH) but now it is upside movement made by smaller coins usually from Binance.
At the moment, we do not have setup for BTC. Even if it is looking bullish, why FOMO in at 3920 when resistance is 3950? We went long at 3730 and 3840 both of these were closed in nice profit so why FOMO in at resistance?
Best regards, CS Team!
Good evening dear members, I hope you are doing great
This is daily update for March 10th, 2019
BTC dominace is down 0.1% and currently its value is 51.5%. The total market is down for $0.9 billion and its current valuation is $134.5 billion. The market volume of the last 24h was $30.5 billion and it dropped for $4.8 billion since our last update.
Technical analysis
Bitcoin Daily Time Frame : https://www.tradingview.com/x/k9uoKYDs
Bitcoin Weekly Time Frame: https://www.tradingview.com/x/TjuIkMRd
It will be very interesting to see how weekly will be closed. Currently at resistance.
Being at resistance doesn't mean it will be rejected but buying now doesn't make sense. Either wait for pullback to get better entry or wait for breakout and buy on retest or on some kind of pullback.
Today was pretty low volatile day without opportunity even for scalps.
Looking at ETH and LTC that decided last few BTC moves, we can see impact of resistance.
LTC is currently at resistance too, ETH/BTC hit resistance and declined so being bullish doesn't make too much sense at least looking at charts.
Wait for either breakout or drop to get better entry.
One more time, monthly still shows momentum for 4300 at least but no triggers on lower time frames (D1) so far for this target.
That's the main reason why we are looking at long entry but we wont long at resistance without big sign.
Best regards, CS Team!
This is daily update for March 10th, 2019
BTC dominace is down 0.1% and currently its value is 51.5%. The total market is down for $0.9 billion and its current valuation is $134.5 billion. The market volume of the last 24h was $30.5 billion and it dropped for $4.8 billion since our last update.
Technical analysis
Bitcoin Daily Time Frame : https://www.tradingview.com/x/k9uoKYDs
Bitcoin Weekly Time Frame: https://www.tradingview.com/x/TjuIkMRd
It will be very interesting to see how weekly will be closed. Currently at resistance.
Being at resistance doesn't mean it will be rejected but buying now doesn't make sense. Either wait for pullback to get better entry or wait for breakout and buy on retest or on some kind of pullback.
Today was pretty low volatile day without opportunity even for scalps.
Looking at ETH and LTC that decided last few BTC moves, we can see impact of resistance.
LTC is currently at resistance too, ETH/BTC hit resistance and declined so being bullish doesn't make too much sense at least looking at charts.
Wait for either breakout or drop to get better entry.
One more time, monthly still shows momentum for 4300 at least but no triggers on lower time frames (D1) so far for this target.
That's the main reason why we are looking at long entry but we wont long at resistance without big sign.
Best regards, CS Team!
Greetings dear members, I hope you are doing amazing
This is daily update for March 11th, 2019
BTC dominance is up 0.1% and currently its value is 51.5%. The total market cap is down $1.8 billion and its current valuation is $132.7 billion. The market volume of the last 24h was $31.8 billion and made an increase of $1.3 billion.
Binance System Upgrade
https://support.binance.com/hc/en-us/articles/360024825992
Binance will perform a scheduled system upgrade starting at 2019/03/12 2:00 AM (UTC). The upgrade will take approximately 8 hours.
Looking back at the last 3 updates we saw dump in BTC price and overall market was following.
We firmly believe that last upside momentum in BTC was fuelled by upside movement on Binance alts, mainly by BNB that caused other walts to follow too.
While Binance is going to be down, we think big move could happen and we give more chance to the downside than the upside not because of past but because Binance was leading recent up moves.
Technical analysis
Bitcoin Daily Time Frame: https://www.tradingview.com/x/7ayEKElg
Bitcoin is still in the range. After closing on weekly resistance, we saw impact of that resistance represented
throughout the decline we saw today.
We expect to see Bitcoin going deeper down to at least EMA 50 one more time or even to touch the lower band of this range.
It is very interesting to see what will happen once Binance goes down. We would suggest you to be careful because this is fundamental that could cause random move so if you are in a trade, be sure that stop loss is not too far to avoid being filled even further from your entry.
This fundamental event may cause BTC to leave range and we can see increase in volatility that would bring swing opportunities to the table which is something we are looking for.
Best regards, CS Team
This is daily update for March 11th, 2019
BTC dominance is up 0.1% and currently its value is 51.5%. The total market cap is down $1.8 billion and its current valuation is $132.7 billion. The market volume of the last 24h was $31.8 billion and made an increase of $1.3 billion.
Binance System Upgrade
https://support.binance.com/hc/en-us/articles/360024825992
Binance will perform a scheduled system upgrade starting at 2019/03/12 2:00 AM (UTC). The upgrade will take approximately 8 hours.
Looking back at the last 3 updates we saw dump in BTC price and overall market was following.
We firmly believe that last upside momentum in BTC was fuelled by upside movement on Binance alts, mainly by BNB that caused other walts to follow too.
While Binance is going to be down, we think big move could happen and we give more chance to the downside than the upside not because of past but because Binance was leading recent up moves.
Technical analysis
Bitcoin Daily Time Frame: https://www.tradingview.com/x/7ayEKElg
Bitcoin is still in the range. After closing on weekly resistance, we saw impact of that resistance represented
throughout the decline we saw today.
We expect to see Bitcoin going deeper down to at least EMA 50 one more time or even to touch the lower band of this range.
It is very interesting to see what will happen once Binance goes down. We would suggest you to be careful because this is fundamental that could cause random move so if you are in a trade, be sure that stop loss is not too far to avoid being filled even further from your entry.
This fundamental event may cause BTC to leave range and we can see increase in volatility that would bring swing opportunities to the table which is something we are looking for.
Best regards, CS Team
Good morningn dear members, I hope you are doing great
This is daily update for March 12th, 2019
BTC dominance has same value it had yesterday in the time of our update of 51.5%. The total market cap is up $0.8 billion and its current valuation is $133.5 billion. The market volume of the last 24h was $31.9 billion, $0.1 bigger than a day ago.
Technical analysis
Bitcoin Daily Time Frame : https://www.tradingview.com/x/tudFnjcz
These updates are becoming boring since Bitcoin is still in the range and any prediction would be more like a guessing.
Yeah, scalps could be played and we are playing them but more than that is too risky in this range.
So for Bitcoin we are still flat in general until it leave the range.
Looking at altcoins, Litecoin is the one that may give us swing opportunity. Looking at Ethereum, it is still flat and showing same price action as Bitcoin, there isn't big difference between these two.
On Litecoin, we are looking for one stop run on shorts and fake up move and once it happens and price shows that weakness, we will start shorting since we expect meltdown in price in upcoming days/weeks.
At the moment, Litecoin is the only that shows potential for swing setup. Once it develops we will let you know.
Best regards, CS Team!
This is daily update for March 12th, 2019
BTC dominance has same value it had yesterday in the time of our update of 51.5%. The total market cap is up $0.8 billion and its current valuation is $133.5 billion. The market volume of the last 24h was $31.9 billion, $0.1 bigger than a day ago.
Technical analysis
Bitcoin Daily Time Frame : https://www.tradingview.com/x/tudFnjcz
These updates are becoming boring since Bitcoin is still in the range and any prediction would be more like a guessing.
Yeah, scalps could be played and we are playing them but more than that is too risky in this range.
So for Bitcoin we are still flat in general until it leave the range.
Looking at altcoins, Litecoin is the one that may give us swing opportunity. Looking at Ethereum, it is still flat and showing same price action as Bitcoin, there isn't big difference between these two.
On Litecoin, we are looking for one stop run on shorts and fake up move and once it happens and price shows that weakness, we will start shorting since we expect meltdown in price in upcoming days/weeks.
At the moment, Litecoin is the only that shows potential for swing setup. Once it develops we will let you know.
Best regards, CS Team!