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Institutions are accumulating Bitcoin heavily!
The 796% surge in Bakkt daily volume came as the bitcoin price rebounded somewhat after a significant sell-off at the end of September.
https://www.forbes.com/sites/billybambrough/2019/10/12/bakkt-bitcoin-trading-volume-suddenly-explodes-jumping-800/#9d709211bb18
The 796% surge in Bakkt daily volume came as the bitcoin price rebounded somewhat after a significant sell-off at the end of September.
https://www.forbes.com/sites/billybambrough/2019/10/12/bakkt-bitcoin-trading-volume-suddenly-explodes-jumping-800/#9d709211bb18
Forbes
Bakkt Bitcoin Trading Volume Suddenly Explodes, Jumping 800%
Bitcoin futures coming to the Bakkt trading platform was expected to be one of the biggest events in the crypto calendar this year...
Bitcoin/USD: https://www.tradingview.com/x/nxVxxBcm
Bitcoin is currently consolidating above $9k price level.
The area between $8.8k (the wick from October 11th and the resistance area from May) and $9.6k (weekly resistance and the recent highest daily close) is range.
The daily close above $9.6k will trigger $10k as a minor target and $10.8k as the high of the recent big high.
Not only that, close above $9.6k would probably trigger way higher targets starting from $11.5k up to $14k but for those targets, you will have to give your position time cause it won’t happen overnight.
In my opinion, $8.8k support is for buying, while $9.6k resistance is not for selling.
If we build up slowly to that resistance, break out can happen easily.
Overall, it’s bullish but not in a long trade until I see a close above $9.6k.
I also see a bearish scenario but for that, I need a clear close below $8.8k but I won’t be taking swing short trades even if that happens because there is a lot of supports below.
Intraday trades are possible but I don’t have long term targets for the bearish scenario as I have for bullish.
Cheers
Bitcoin is currently consolidating above $9k price level.
The area between $8.8k (the wick from October 11th and the resistance area from May) and $9.6k (weekly resistance and the recent highest daily close) is range.
The daily close above $9.6k will trigger $10k as a minor target and $10.8k as the high of the recent big high.
Not only that, close above $9.6k would probably trigger way higher targets starting from $11.5k up to $14k but for those targets, you will have to give your position time cause it won’t happen overnight.
In my opinion, $8.8k support is for buying, while $9.6k resistance is not for selling.
If we build up slowly to that resistance, break out can happen easily.
Overall, it’s bullish but not in a long trade until I see a close above $9.6k.
I also see a bearish scenario but for that, I need a clear close below $8.8k but I won’t be taking swing short trades even if that happens because there is a lot of supports below.
Intraday trades are possible but I don’t have long term targets for the bearish scenario as I have for bullish.
Cheers
Hello everyone 👋
The bullish scenario for Bitcoin was a test of $8800 price level that would cause bounce off and set everything for continuation above $10 000.
But not only that, we didn’t see the bounce off, but we got daily and weekly closure below this important price level and Bitcoin reentered in the previous range ($7800 - $8600).
Having said this, I am not bullish on Bitcoin and when in range, at least test of lower area ($7800-8000) is expected.
If the range gets broken, we can see Bitcoin at $6xxx easily.
The bullish scenario will be active only if we get a close above $8800.
https://www.tradingview.com/x/rKmhGLbt
The bullish scenario for Bitcoin was a test of $8800 price level that would cause bounce off and set everything for continuation above $10 000.
But not only that, we didn’t see the bounce off, but we got daily and weekly closure below this important price level and Bitcoin reentered in the previous range ($7800 - $8600).
Having said this, I am not bullish on Bitcoin and when in range, at least test of lower area ($7800-8000) is expected.
If the range gets broken, we can see Bitcoin at $6xxx easily.
The bullish scenario will be active only if we get a close above $8800.
https://www.tradingview.com/x/rKmhGLbt
Monero - At the Crucial Level
If you are the one that is in this technology because of privacy, Monero is probably one of your favorite coins.
But, for an investment to pay off, fundamentals and technicals have to be aligned with one another.
Otherwise, you can be trapped by ignoring one or the other.
This time I will make a technical update for this cryptocurrency.
It is currently at the level where buyers have to appear; otherwise, this can drop for another 60-70% and retrace its whole move up.
If you look at the trend line, once it got broken, the price dropped from 0.02 all the way down to 0.006 (a drop of nearly 70%).
If we get a close below the horizontal support, a similar thing may happen, and the price will target firstly 0.0040 (roughly 40% down from the current price) and then 0.0020 (almost another 70% down).
If you are a Monero holder or you are planning to buy it, please pay attention to this area because it has to play out.
It has to bring buyers otherwise Monero community should be worried.
At least, for the technical side.
https://prnt.sc/pykuo6
If you are the one that is in this technology because of privacy, Monero is probably one of your favorite coins.
But, for an investment to pay off, fundamentals and technicals have to be aligned with one another.
Otherwise, you can be trapped by ignoring one or the other.
This time I will make a technical update for this cryptocurrency.
It is currently at the level where buyers have to appear; otherwise, this can drop for another 60-70% and retrace its whole move up.
If you look at the trend line, once it got broken, the price dropped from 0.02 all the way down to 0.006 (a drop of nearly 70%).
If we get a close below the horizontal support, a similar thing may happen, and the price will target firstly 0.0040 (roughly 40% down from the current price) and then 0.0020 (almost another 70% down).
If you are a Monero holder or you are planning to buy it, please pay attention to this area because it has to play out.
It has to bring buyers otherwise Monero community should be worried.
At least, for the technical side.
https://prnt.sc/pykuo6
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Crypto Signals
Hello everyone 👋 The bullish scenario for Bitcoin was a test of $8800 price level that would cause bounce off and set everything for continuation above $10 000. But not only that, we didn’t see the bounce off, but we got daily and weekly closure below…
Who told you for a potential test of $8000?
Bitcoin is currently testing that area.
https://www.tradingview.com/x/PO0YpVxy
Even though this is a confirmation of weakness in the market, this is still a test of the lower area of this range, which means if we get a bounce, the situation can turn around quickly.
If we get a close below $7800 on a daily timeframe, we can see a big sell-off that could tap below $7000.
Bitcoin is currently testing that area.
https://www.tradingview.com/x/PO0YpVxy
Even though this is a confirmation of weakness in the market, this is still a test of the lower area of this range, which means if we get a bounce, the situation can turn around quickly.
If we get a close below $7800 on a daily timeframe, we can see a big sell-off that could tap below $7000.
Ethereum Hard Fork “Istanbul” is Coming
Ethereum’s next system-wide upgrade, Istanbul, is scheduled to arrive on mainnet the week of Dec. 4.
https://www.coingecko.com/en/explain/eth_istanbul
Ethereum’s next system-wide upgrade, Istanbul, is scheduled to arrive on mainnet the week of Dec. 4.
https://www.coingecko.com/en/explain/eth_istanbul
Crypto Signals via @vote
Are we going to see an increase in the price of Ethereum caused by the upcoming hard fork?
anonymous poll
It depends on what Bitcoin will do! – 75
👍👍👍👍👍👍👍 41%
Yes – 66
👍👍👍👍👍👍 36%
No – 40
👍👍👍👍 22%
👥 181 people voted so far.
anonymous poll
It depends on what Bitcoin will do! – 75
👍👍👍👍👍👍👍 41%
Yes – 66
👍👍👍👍👍👍 36%
No – 40
👍👍👍👍 22%
👥 181 people voted so far.
I think the times where the hard fork was used to be a very strong reason for upside momentum are behind us.
If this hard fork would give holders new coins, I would expect big move, but since it will be a software update that will improve network focusing mainly on preventing DDoS and spam attacks, I think it is hard to expect moon mission from Ethereum.
Don’t get me wrong; this is a very important update for the whole ecosystem and one of the most anticipated hard forks on the way to transition to Ethereum 2.0.
However, it is hard to expect 100% moves up as we saw back in 2017 in anticipation of a hard fork.
#MyOpinion #NoFinancialAdvice
If this hard fork would give holders new coins, I would expect big move, but since it will be a software update that will improve network focusing mainly on preventing DDoS and spam attacks, I think it is hard to expect moon mission from Ethereum.
Don’t get me wrong; this is a very important update for the whole ecosystem and one of the most anticipated hard forks on the way to transition to Ethereum 2.0.
However, it is hard to expect 100% moves up as we saw back in 2017 in anticipation of a hard fork.
#MyOpinion #NoFinancialAdvice
Bitcoin $8000 support is holding
The test of $8000 area happened which we expected and shared with you in the prior posts.
It is the third day that this area is holding, which is a positive sign for bulls.
Having said that, if we have a daily closure above this level, I do expect to see a move up to $8350 area at least with potential wicks to $8500.
https://www.tradingview.com/x/kcFQYp0V
If you decide to take a long trade, the stop-loss orders have to be placed and the best place for them is just below $8000.
Even though setup looks good, please don't take the big risk since this is trade against the latest trend.
The test of $8000 area happened which we expected and shared with you in the prior posts.
It is the third day that this area is holding, which is a positive sign for bulls.
Having said that, if we have a daily closure above this level, I do expect to see a move up to $8350 area at least with potential wicks to $8500.
https://www.tradingview.com/x/kcFQYp0V
If you decide to take a long trade, the stop-loss orders have to be placed and the best place for them is just below $8000.
Even though setup looks good, please don't take the big risk since this is trade against the latest trend.
There we have the upside move: https://www.tradingview.com/x/ZLl257GD
It reached $8250 (way lower than I expected) and got rejected.
We managed to catch a long trade in our paid channel and target 1 ($8200) was reached.
I am looking forward to seeing what will happen after this move up and rejection.
In the best bullish scenario, this rejection shouldn't happen but as long as $8000 is holding, it's alright.
It reached $8250 (way lower than I expected) and got rejected.
We managed to catch a long trade in our paid channel and target 1 ($8200) was reached.
I am looking forward to seeing what will happen after this move up and rejection.
In the best bullish scenario, this rejection shouldn't happen but as long as $8000 is holding, it's alright.
Forwarded from Future Crypto Experts - Paid Channel
Bitcoin long
Entry: 8100
Stop Loss: 8000
Target 1: 8200
Target 2: 8350
Target 3: 8500
Good luck
https://www.tradingview.com/x/kcFQYp0V
Entry: 8100
Stop Loss: 8000
Target 1: 8200
Target 2: 8350
Target 3: 8500
Good luck
https://www.tradingview.com/x/kcFQYp0V
Bitcoin broke through $8000
https://www.tradingview.com/x/nxr6JBsP
The current situation is bad for the bullish scenario. If this is just a wick to shake out early longs, it has to close back above $8000 today.
In that scenario, it will be still okay because, as I mentioned a few days ago, the support area is not only $8000 but the range between $7800 and $8000.
Because of that, if we get daily closure back above $8000, it would be nice for bulls.
However, a daily closure below $7800 and we can see a test of $7300 easily and most likely move below $7000.
I will keep you updated by monitoring lower timeframes to get an early sign of next big move.
https://www.tradingview.com/x/nxr6JBsP
The current situation is bad for the bullish scenario. If this is just a wick to shake out early longs, it has to close back above $8000 today.
In that scenario, it will be still okay because, as I mentioned a few days ago, the support area is not only $8000 but the range between $7800 and $8000.
Because of that, if we get daily closure back above $8000, it would be nice for bulls.
However, a daily closure below $7800 and we can see a test of $7300 easily and most likely move below $7000.
I will keep you updated by monitoring lower timeframes to get an early sign of next big move.
Crypto Signals via @vote
Where is Bitcoin heading next?
anonymous poll
It will break through support and reach at least $7300 with the potential to go lower. – 86
👍👍👍👍👍👍👍 43%
Potential support at $7800 - $8000 will hold and we will see a move to the upside ($8500 at least) – 66
👍👍👍👍👍 33%
I don’t know 🤔 – 46
👍👍👍👍 23%
👥 198 people voted so far.
anonymous poll
It will break through support and reach at least $7300 with the potential to go lower. – 86
👍👍👍👍👍👍👍 43%
Potential support at $7800 - $8000 will hold and we will see a move to the upside ($8500 at least) – 66
👍👍👍👍👍 33%
I don’t know 🤔 – 46
👍👍👍👍 23%
👥 198 people voted so far.
Crypto Signals via @vote
Where is Bitcoin heading next? anonymous poll It will break through support and reach at least $7300 with the potential to go lower. – 86 👍👍👍👍👍👍👍 43% Potential support at $7800 - $8000 will hold and we will see a move to the upside ($8500 at least) – 66…
The situation is slightly equal which confirms the current indecision in the market.
Let’s wait and avoid guessing where it will be heading.
Let’s wait and avoid guessing where it will be heading.
Ethereum to $100?
https://www.tradingview.com/x/IwGpIDqE
As we can see, the long term trend line established at the beginning of this year was broken on all the important time frames (weekly and daily).
We saw many tests of that area but every one of them was rejected, which should worry Ethereum holders.
The green area is a must-hold area.
If it gets broken, I wouldn’t be surprised to see Ethereum nosediving to $100.
This is not a trade idea but just an unbiased analysis of the current market conditions.
If I were bullish on Ethereum and want to buy it as an investment, I would place tiny orders in the green area and play on luck but with very conservative stop-loss orders below the green zone.
The best time to buy Ethereum is if it bounces off of this area and goes back above $200.
Ethereum below $200 may be a good investment opportunity but also a warning sign because even when there is hard fork coming, the price is still very low, almost 90% from its all-time high.
https://www.tradingview.com/x/IwGpIDqE
As we can see, the long term trend line established at the beginning of this year was broken on all the important time frames (weekly and daily).
We saw many tests of that area but every one of them was rejected, which should worry Ethereum holders.
The green area is a must-hold area.
If it gets broken, I wouldn’t be surprised to see Ethereum nosediving to $100.
This is not a trade idea but just an unbiased analysis of the current market conditions.
If I were bullish on Ethereum and want to buy it as an investment, I would place tiny orders in the green area and play on luck but with very conservative stop-loss orders below the green zone.
The best time to buy Ethereum is if it bounces off of this area and goes back above $200.
Ethereum below $200 may be a good investment opportunity but also a warning sign because even when there is hard fork coming, the price is still very low, almost 90% from its all-time high.
Crypto Signals via @vote
What is your opinion on Ethereum?
anonymous poll
It doesn’t look so good and I am not holding it! – 46
👍👍👍👍👍👍👍 35%
It doesn’t look good but I am still holding it hoping it will go up. – 44
👍👍👍👍👍👍👍 33%
I really like it and I think the fact that it is 90% below its all-time high is nothing more but a great investment opportunity. – 34
👍👍👍👍👍 26%
I don’t have an opinion about Ethereum – 9
👍 7%
👥 133 people voted so far.
anonymous poll
It doesn’t look so good and I am not holding it! – 46
👍👍👍👍👍👍👍 35%
It doesn’t look good but I am still holding it hoping it will go up. – 44
👍👍👍👍👍👍👍 33%
I really like it and I think the fact that it is 90% below its all-time high is nothing more but a great investment opportunity. – 34
👍👍👍👍👍 26%
I don’t have an opinion about Ethereum – 9
👍 7%
👥 133 people voted so far.