And officially, coronavirus is pandemic.
This is getting worse and worse.
All the things I was saying weeks before are happening now.
This is going to inject more fear in the whole world causing world’s economy to inject a lot of money in preventing the virus which means more debt, possible new rate cuts and all that before quarterly earnings report that in case will be negative (most likely) stock prices are going to keep dropping and whole world’s economy will continue to suffer.
And not forget the OIL war and increase in the OIL production that will increase supply and push prices even lower.
They couldn’t choose the worst time for an increase in production because demand is pretty low at the moment and will probably continue to decrease cause people won’t be moving too much and would rather stay at home.
Stay safe from both coronavirus and sudden market moves that can happen anytime. There’s no market indicator or technical analysis that can prevent fear reaction. When people are fearful, nothing is impossible.
https://www.businessinsider.com/who-declares-coronavirus-pandemic-covid19-2020-3
This is getting worse and worse.
All the things I was saying weeks before are happening now.
This is going to inject more fear in the whole world causing world’s economy to inject a lot of money in preventing the virus which means more debt, possible new rate cuts and all that before quarterly earnings report that in case will be negative (most likely) stock prices are going to keep dropping and whole world’s economy will continue to suffer.
And not forget the OIL war and increase in the OIL production that will increase supply and push prices even lower.
They couldn’t choose the worst time for an increase in production because demand is pretty low at the moment and will probably continue to decrease cause people won’t be moving too much and would rather stay at home.
Stay safe from both coronavirus and sudden market moves that can happen anytime. There’s no market indicator or technical analysis that can prevent fear reaction. When people are fearful, nothing is impossible.
https://www.businessinsider.com/who-declares-coronavirus-pandemic-covid19-2020-3
Business Insider
World Health Organization declares the coronavirus a pandemic
The novel coronavirus that emerged in China last year has sickened more than 121,000 people and killed over 4,300 people.
If you have 3 minutes, read this article because it can change the way you look at the world.
I said a few times before that, in my opinion, this is a human-made virus that was created with a purpose.
I didn’t have any proofs and it’s really hard to get proofs unless you’re working for some top worlds organisations.
But here’s something that my confirm my point and that the whole coronavirus drama is pre-planned.
Here’s the insider information I got and the post from January 31st, 2020.
At that time, it seemed like a guy similar to me talking something without any proof.
But then, he’s mentioning Italy as the next country that will be affected by the virus and where the next major outbreak will be.
Do you think this guy was just lucky to guess this, or he knew something we don’t?
I said a few times before that, in my opinion, this is a human-made virus that was created with a purpose.
I didn’t have any proofs and it’s really hard to get proofs unless you’re working for some top worlds organisations.
But here’s something that my confirm my point and that the whole coronavirus drama is pre-planned.
Here’s the insider information I got and the post from January 31st, 2020.
At that time, it seemed like a guy similar to me talking something without any proof.
But then, he’s mentioning Italy as the next country that will be affected by the virus and where the next major outbreak will be.
Do you think this guy was just lucky to guess this, or he knew something we don’t?
And today, Italy is the fast-growing country in a number of new cases and deaths with astonishing 196 deaths in the last 24h ( almost 25% of its total number of deaths).
Source : https://www.worldometers.info/coronavirus/
Source : https://www.worldometers.info/coronavirus/
If you find some time, send me a DM to @CryptoSignalsAdmin if you like my recent news and updates that are more related to the world economy and their relation to crypto or you prefer only a technical point of view.
The US issued 30-day ban on travel from most of European countries.
This is getting worse and worse.
https://www.businessinsider.com/white-house-scrambles-to-clarify-details-on-coronavirus-response-2020-3
This is getting worse and worse.
https://www.businessinsider.com/white-house-scrambles-to-clarify-details-on-coronavirus-response-2020-3
Business Insider
The White House scrambles to clarify key details from Trump's speech announcing his coronavirus response
Officials walked back President Donald Trump's claims regarding the ban on travel from Europe, a halt on international trade, and insurance waivers.
Crypto Signals
If you find some time, send me a DM to @CryptoSignalsAdmin if you like my recent news and updates that are more related to the world economy and their relation to crypto or you prefer only a technical point of view.
I’m really honored and thankful that a lot of you messaged me saying that you love the global economic news and their relation to crypto.
I will continue bringing them and give my honest opinion and correlation to the crypto market.
One of the questions that got my attention was about the worst-case scenario?
The worst-case scenario would be if the virus would mutate and become even more dangerous.
The mutation is not impossible to happen and here’s why.
Our cells are made of DNA which double chain and most of you know about that. One chain keeps the copies of the other chain so if there’s a mutation on one chain, the second will be there to check it and change back if there was wrong replication.
The cell of a virus has no DNA but RNA which is just one chain. If there’s a wrong replication caused by either inside or outside factors, that cell can continue replicating the mutated gene over and over again.
Why I’m saying this?
The current form of coronavirus doesn’t like high temperature and at the temperatures higher than 26-27 C it has way lower expansion rate.
As we all know, the summer is coming and if it doesn’t change its form, we can expect slow but steady decrease in the number of infected cases and the whole panic would die out.
Of course, there would still be newly infected cases because if you kiss someone, high temperature doesn’t help you.
But the number of people that would be infected by touching an object with a virus on it would be way lower.
So, the worst-case scenario would be the mutation that would be more resilient to heat and then the world would face the real problem.
It’s not impossible because coronavirus is already a mutation (natural or human-made)
I will continue bringing them and give my honest opinion and correlation to the crypto market.
One of the questions that got my attention was about the worst-case scenario?
The worst-case scenario would be if the virus would mutate and become even more dangerous.
The mutation is not impossible to happen and here’s why.
Our cells are made of DNA which double chain and most of you know about that. One chain keeps the copies of the other chain so if there’s a mutation on one chain, the second will be there to check it and change back if there was wrong replication.
The cell of a virus has no DNA but RNA which is just one chain. If there’s a wrong replication caused by either inside or outside factors, that cell can continue replicating the mutated gene over and over again.
Why I’m saying this?
The current form of coronavirus doesn’t like high temperature and at the temperatures higher than 26-27 C it has way lower expansion rate.
As we all know, the summer is coming and if it doesn’t change its form, we can expect slow but steady decrease in the number of infected cases and the whole panic would die out.
Of course, there would still be newly infected cases because if you kiss someone, high temperature doesn’t help you.
But the number of people that would be infected by touching an object with a virus on it would be way lower.
So, the worst-case scenario would be the mutation that would be more resilient to heat and then the world would face the real problem.
It’s not impossible because coronavirus is already a mutation (natural or human-made)
Here’s something positive and the scenario nobody is even considering.
What was the worst-case scenario a few days/weeks ago?
The worst-case scenario would be coronavirus becoming pandemic and that would be the first time since 1980 (HIV/AIDS) and before that Spanish Flu in 1918.
That was the worst-case scenario and we’re currently in.
Not only that, but we have also travel suspended from Europe to the US, all public events canceled, even the NBA games are canceled.
So, it’s very hard to imagine what’s next to happen, worse than this.
Maybe Wall Street getting closed down, all flights canceled, whole countries being in quarantine.
So, there is a few more news that would add additional fear into the market but we’re close to its maximum. If there’s RSI for fear, it would be close to 90 for sure.
When the fear is at its maximum and we’re running out of new negative news, it’s time to buy.
What to buy?
Well, you need to be smart. In the stock market, I would target companies with online service such as streaming platforms, because their stock value will be affected by the fear but their business module will stay unaffected and they’ll continue to produce profit (maybe even more because there will be more people sitting in front of their computers)
In the crypto market, everything is digital.
That’s why I’m not afraid at all because the reason for bearish momentum is fear and uncertainity that’s happening because of coronavirus. No one knows what to expect, so they better pull out their money in safe.
Crypto is also affected by the current fear but the development of the crypto ecosystem is still running and it’s unaffected.
Once fear fades away a little bit, I expect a bounce in the market. Not only crypto but other markets as well.
What was the worst-case scenario a few days/weeks ago?
The worst-case scenario would be coronavirus becoming pandemic and that would be the first time since 1980 (HIV/AIDS) and before that Spanish Flu in 1918.
That was the worst-case scenario and we’re currently in.
Not only that, but we have also travel suspended from Europe to the US, all public events canceled, even the NBA games are canceled.
So, it’s very hard to imagine what’s next to happen, worse than this.
Maybe Wall Street getting closed down, all flights canceled, whole countries being in quarantine.
So, there is a few more news that would add additional fear into the market but we’re close to its maximum. If there’s RSI for fear, it would be close to 90 for sure.
When the fear is at its maximum and we’re running out of new negative news, it’s time to buy.
What to buy?
Well, you need to be smart. In the stock market, I would target companies with online service such as streaming platforms, because their stock value will be affected by the fear but their business module will stay unaffected and they’ll continue to produce profit (maybe even more because there will be more people sitting in front of their computers)
In the crypto market, everything is digital.
That’s why I’m not afraid at all because the reason for bearish momentum is fear and uncertainity that’s happening because of coronavirus. No one knows what to expect, so they better pull out their money in safe.
Crypto is also affected by the current fear but the development of the crypto ecosystem is still running and it’s unaffected.
Once fear fades away a little bit, I expect a bounce in the market. Not only crypto but other markets as well.
Global stocks past 24 hours.
Italy: -16.6%
Brazil: -14.7%
Spain: -14.6%
Canada: -12%
France: -12%
Germany: -12%
UK: -10.9%
US (Dow): -10%
Russia: -8.2%
India: -8.2%
Australia: -7.3%
Turkey: -7.2%
Indonesia: -5%
Japan: -4.4%
S Korea: -3.8%
HK: -3.6%
What a time to be alive.
I was calling a similar scenario but this is something you could barely expect.
Don’t compare this with the 2008 recession’s because it was caused by the artificial problem (subprime mortgage crisis).
But this time, we’re facing something that can reset the whole world.
The whole world is closed due to coronavirus and it will last for months.
People won’t go to any public events, no flights, nothing. It will be a huge hit to the human population and can set us back for years.
Even though crypto is digital, it was hit by the fear as well as the other assets.
After a 50% daily drop, everything is possible. We can see price tomorrow going to $2-3k area or a bounce above $6k.
The current area would be an obvious buy if there’s not the fear in the market as it’s now.
The drop is not what worries me. What worries me the most is the drop before halving that will put miners on one of the biggest tests ever. Luckily mining has the ability to increase profitability when difficult drops which will happen due to miners shutting down their machines.
If Bitcoin network will stay unaffected, nothing really to worry about in the long term view.
Italy: -16.6%
Brazil: -14.7%
Spain: -14.6%
Canada: -12%
France: -12%
Germany: -12%
UK: -10.9%
US (Dow): -10%
Russia: -8.2%
India: -8.2%
Australia: -7.3%
Turkey: -7.2%
Indonesia: -5%
Japan: -4.4%
S Korea: -3.8%
HK: -3.6%
What a time to be alive.
I was calling a similar scenario but this is something you could barely expect.
Don’t compare this with the 2008 recession’s because it was caused by the artificial problem (subprime mortgage crisis).
But this time, we’re facing something that can reset the whole world.
The whole world is closed due to coronavirus and it will last for months.
People won’t go to any public events, no flights, nothing. It will be a huge hit to the human population and can set us back for years.
Even though crypto is digital, it was hit by the fear as well as the other assets.
After a 50% daily drop, everything is possible. We can see price tomorrow going to $2-3k area or a bounce above $6k.
The current area would be an obvious buy if there’s not the fear in the market as it’s now.
The drop is not what worries me. What worries me the most is the drop before halving that will put miners on one of the biggest tests ever. Luckily mining has the ability to increase profitability when difficult drops which will happen due to miners shutting down their machines.
If Bitcoin network will stay unaffected, nothing really to worry about in the long term view.
Financial markets plunged again on Thursday, with Wall Street suffering its biggest one-day drop since the Black Monday stock market crash in 1987.
Forget about 2008 as I said, this time it’s going to be even worse.
Maybe there are “only” 1700 cases in the US but the US is growing as Italy but lagging for 10-14 days.
And if you think the US will do something as Chine to stop the virus expansion, do you believe China is putting the real information in public?
What I think is that they’re doing the same as they did with SARS, where they were reporting fewer cases than the actual number of them.
Maybe coronavirus is not that deadly but people don’t understand that in order to recover, you need special treatment.
There is a limited number of patients one country can take care of. Italy is the best example where they already came in a situation to decide who’s going to be accepted and who needs to wait (who’s going to get a chance to live and who’s not).
https://www.nytimes.com/2020/03/12/business/economy/coronavirus-response-wall-street.html?action=click&module=Spotlight&pgtype=Homepage
Forget about 2008 as I said, this time it’s going to be even worse.
Maybe there are “only” 1700 cases in the US but the US is growing as Italy but lagging for 10-14 days.
And if you think the US will do something as Chine to stop the virus expansion, do you believe China is putting the real information in public?
What I think is that they’re doing the same as they did with SARS, where they were reporting fewer cases than the actual number of them.
Maybe coronavirus is not that deadly but people don’t understand that in order to recover, you need special treatment.
There is a limited number of patients one country can take care of. Italy is the best example where they already came in a situation to decide who’s going to be accepted and who needs to wait (who’s going to get a chance to live and who’s not).
https://www.nytimes.com/2020/03/12/business/economy/coronavirus-response-wall-street.html?action=click&module=Spotlight&pgtype=Homepage
NY Times
Congress Nears Stimulus Deal With White House as Wall Street Suffers Rout
House Democrats closed in on a compromise with the Trump administration that would provide paid sick leave and free testing as coronavirus fears fueled a steep sell-off in stocks.
BREAKING NEWS
After Bitmex lost more than 2,000 BTC from their insurance fund, their trading platform went down and trading is closed!
After Bitmex lost more than 2,000 BTC from their insurance fund, their trading platform went down and trading is closed!
The summary of the worst day in Bitcoin history
Yesterday we saw something that even the biggest bears in the market expected. Daily candle from $8000 to $3600 or an exact drop of 55%. Some people say the halvening came earlier this year. Even though it was a joke, the reality can’t be changed and we actually witnessed the biggest crash in history.
Firstly before clarifying what that means for the future, be proud to be part of this because you’ll learn a lot. You probably heard advice from experts that anything can happen. Most people accept it by nodding their heads but here’s the real example and that everything is possible.
The reason for the beginning of the drop is fear about coronavirus but the main reason for big capitulation was leverage trading, especially on Bitmex.
When you allow people to use high leverage without proper education, we get squeezes like the one we saw yesterday.
Luckily Bitmex closed trading for about 10 minutes and it resulted in an instant bounce of more than $1500. If they didn’t do that, we could see Bitcoin at 2k easily because liquidation would continue.
Don’t think they did that to save Bitcoin, they did that to save themselves because if a trader has no money to cover huge liquidation fees, Bitmex has to pay it from their insurance fund and they lost 2000 Bitcoin yesterday just paying liquidation fees for others.
What I want you to know that there’s no problem in Bitcoin’s network and from that point of view, it was the same it was a week, a month ago.
The reason for sell is artificial bearish pressure in the market caused by overleveraged positions and of course, coronavirus.
Yes, short term it doesn’t look good at all but I’m still positive because I know there’s no problem in the actual value Bitcoin brings to the world.
The moment I will start doubting the value of Bitcoin is when there will be an actual problem with the security of its ecosystem and mining manipulations.
So far, neither of these two is present.
Stay safe!
P.S. Share with others so this reaches to more people.
Yesterday we saw something that even the biggest bears in the market expected. Daily candle from $8000 to $3600 or an exact drop of 55%. Some people say the halvening came earlier this year. Even though it was a joke, the reality can’t be changed and we actually witnessed the biggest crash in history.
Firstly before clarifying what that means for the future, be proud to be part of this because you’ll learn a lot. You probably heard advice from experts that anything can happen. Most people accept it by nodding their heads but here’s the real example and that everything is possible.
The reason for the beginning of the drop is fear about coronavirus but the main reason for big capitulation was leverage trading, especially on Bitmex.
When you allow people to use high leverage without proper education, we get squeezes like the one we saw yesterday.
Luckily Bitmex closed trading for about 10 minutes and it resulted in an instant bounce of more than $1500. If they didn’t do that, we could see Bitcoin at 2k easily because liquidation would continue.
Don’t think they did that to save Bitcoin, they did that to save themselves because if a trader has no money to cover huge liquidation fees, Bitmex has to pay it from their insurance fund and they lost 2000 Bitcoin yesterday just paying liquidation fees for others.
What I want you to know that there’s no problem in Bitcoin’s network and from that point of view, it was the same it was a week, a month ago.
The reason for sell is artificial bearish pressure in the market caused by overleveraged positions and of course, coronavirus.
Yes, short term it doesn’t look good at all but I’m still positive because I know there’s no problem in the actual value Bitcoin brings to the world.
The moment I will start doubting the value of Bitcoin is when there will be an actual problem with the security of its ecosystem and mining manipulations.
So far, neither of these two is present.
Stay safe!
P.S. Share with others so this reaches to more people.
Crypto Signals pinned «The summary of the worst day in Bitcoin history Yesterday we saw something that even the biggest bears in the market expected. Daily candle from $8000 to $3600 or an exact drop of 55%. Some people say the halvening came earlier this year. Even though it was…»
Monthly supports for Bitcoin.
The two main areas are $4500 and $1000.
On the monthly chart, we can see that Bitcoin likes to squeeze out the majority before going up.
If there’s going to be capitulation, it was yesterday. It was a combination of the worst-case scenarios in the same time.
Just a few hundred dollars and we’re back above $6k and safe area.
The worst dip ever can turn out into the biggest shakeout ever.
The two main areas are $4500 and $1000.
On the monthly chart, we can see that Bitcoin likes to squeeze out the majority before going up.
If there’s going to be capitulation, it was yesterday. It was a combination of the worst-case scenarios in the same time.
Just a few hundred dollars and we’re back above $6k and safe area.
The worst dip ever can turn out into the biggest shakeout ever.
Crypto Signals Premium Service - Official Pre-Launch
A few months ago, I got an idea to step up the game and provide more value to the members of the Crypto Signals Channel by opening a Premium service. Since then, I have been working hard to make this happen and today is the Pre-Launch Day.
Who is this Premium Service for?
It is for everyone who wants to become a consistently profitable trader by developing his own trading system and finding an edge in the cryptocurrency markets.
What are you getting in our premium service?
When you join, you'll get a complete guide written by me that will show you how I make 6 figures trading crypto and will teach you exactly how I analyse the market and show you how I define that trade opportunity is present in the market and how to take action.
Then, you'll be getting weekly lessons that will be added to the guide that will be covering crucial technical parts of trading in detail and their impact on the price.
The lessons that will come in the following weeks will be:
Risk management, Position sizing, Support retest, Support break and short trade on a retest, Resistance test, Resistance break and long on the retest, Rising wedge, Falling wedge, Double and triple bottom, Double and triple bottom, Entry strategy, Exit strategy, Trade management and many more.
It doesn't mean describing those things but how to spot them before they happen and how to approach them and profit from their appearance.
After each lesson, you'll be able to ask any question about the certain lesson and we'll together try to clarify things, so everyone gets it right.
The next thing you get is more technical updates, not only on Bitcoin but other Bitmex Alts and other popular altcoins, both micro and macro views.
I saw you're enjoying fundamental and insider information in the free channel. In the premium service, you're about to receive even more not only information but also my opinion and their impact on crypto.
This won't affect the value of a free channel that will continue to be great and even better in weeks/months to come.
Will I share signals?
No, in the way you define signals but I'll be sharing with you in advance setups which I will trade and what's confirmation/invalidation of that setup so we can all be ready when it happens.
You may be sleeping/I may be sleeping and because of that, sharing setups as forecasted scenarios is the best way to help you see the things I see and trade the trades I trade.
The last thing you're getting an awesome community of the same-minded people where you can discuss crypto, trading, investing related things and share your knowledge and meet new people from the industry.
Pre-Launch price for the first 100 people is discounted to just $197 and it's a one-time payment.
The value of the premium service will be way more than these $197 but it's a symbolic price for the first 100 of you.
Some people already know about this since they asked me about premium/vip service and they already grabbed their place.
Once we reach 100 people, the price will be set to $394 and there's not going to be discounts in the future. I respect those who join early and because of that, they deserve the best deal.
If you're interested, send me dm to @CryptoSignalsAdmin and let's get started.
A few months ago, I got an idea to step up the game and provide more value to the members of the Crypto Signals Channel by opening a Premium service. Since then, I have been working hard to make this happen and today is the Pre-Launch Day.
Who is this Premium Service for?
It is for everyone who wants to become a consistently profitable trader by developing his own trading system and finding an edge in the cryptocurrency markets.
What are you getting in our premium service?
When you join, you'll get a complete guide written by me that will show you how I make 6 figures trading crypto and will teach you exactly how I analyse the market and show you how I define that trade opportunity is present in the market and how to take action.
Then, you'll be getting weekly lessons that will be added to the guide that will be covering crucial technical parts of trading in detail and their impact on the price.
The lessons that will come in the following weeks will be:
Risk management, Position sizing, Support retest, Support break and short trade on a retest, Resistance test, Resistance break and long on the retest, Rising wedge, Falling wedge, Double and triple bottom, Double and triple bottom, Entry strategy, Exit strategy, Trade management and many more.
It doesn't mean describing those things but how to spot them before they happen and how to approach them and profit from their appearance.
After each lesson, you'll be able to ask any question about the certain lesson and we'll together try to clarify things, so everyone gets it right.
The next thing you get is more technical updates, not only on Bitcoin but other Bitmex Alts and other popular altcoins, both micro and macro views.
I saw you're enjoying fundamental and insider information in the free channel. In the premium service, you're about to receive even more not only information but also my opinion and their impact on crypto.
This won't affect the value of a free channel that will continue to be great and even better in weeks/months to come.
Will I share signals?
No, in the way you define signals but I'll be sharing with you in advance setups which I will trade and what's confirmation/invalidation of that setup so we can all be ready when it happens.
You may be sleeping/I may be sleeping and because of that, sharing setups as forecasted scenarios is the best way to help you see the things I see and trade the trades I trade.
The last thing you're getting an awesome community of the same-minded people where you can discuss crypto, trading, investing related things and share your knowledge and meet new people from the industry.
Pre-Launch price for the first 100 people is discounted to just $197 and it's a one-time payment.
The value of the premium service will be way more than these $197 but it's a symbolic price for the first 100 of you.
Some people already know about this since they asked me about premium/vip service and they already grabbed their place.
Once we reach 100 people, the price will be set to $394 and there's not going to be discounts in the future. I respect those who join early and because of that, they deserve the best deal.
If you're interested, send me dm to @CryptoSignalsAdmin and let's get started.
BREAKING NEWS
Trump declares a national emergency over the coronavirus pandemic.
The number of cases in the US just crossed 2000 and it may sound not that big but their growth rate is the same as Italy in the early days just lagged a few weeks behind.
Stay safe!
Source : https://www.reuters.com/article/us-health-coronavirus/trump-declares-u-s-emergency-as-coronavirus-chaos-spreads-idUSKBN2100CH
Trump declares a national emergency over the coronavirus pandemic.
The number of cases in the US just crossed 2000 and it may sound not that big but their growth rate is the same as Italy in the early days just lagged a few weeks behind.
Stay safe!
Source : https://www.reuters.com/article/us-health-coronavirus/trump-declares-u-s-emergency-as-coronavirus-chaos-spreads-idUSKBN2100CH