Crypto Signals
We’re approaching weekly close with this nasty weekly candlestick and being honest, it’s very hard not to see Bitcoin in the green area next week. The green area is monthly support at around $4500. You have to understand that the current situation is a…
The green area I called yesterday got hit today.
The situation is still very dramatic so the bearish pressure is still in the market.
If you go to any media site, you’ll see articles of US stock market making records today with the biggest drop since 1987.
I told you so and it happened.
The gap was expected after all negative news that hit us on Sunday.
I’m monitoring positive signs to catch the bottom of this market crash but every day it’s getting worse so we should be patient.
I've mentioned the signs in my premium channel that I'm looking for. The same signs I used to predict the outbreak of coronavirus 3-4 weeks ago are used to get an early sign of it slowly fading away.
Be patient and stay safe.
If your country is the lockdown and your home, take that time to learn something productive.
This is the time when you should take advantage of it. Stop watching the news, I'm here to update you on the most important things in the world.
The situation is still very dramatic so the bearish pressure is still in the market.
If you go to any media site, you’ll see articles of US stock market making records today with the biggest drop since 1987.
I told you so and it happened.
The gap was expected after all negative news that hit us on Sunday.
I’m monitoring positive signs to catch the bottom of this market crash but every day it’s getting worse so we should be patient.
I've mentioned the signs in my premium channel that I'm looking for. The same signs I used to predict the outbreak of coronavirus 3-4 weeks ago are used to get an early sign of it slowly fading away.
Be patient and stay safe.
If your country is the lockdown and your home, take that time to learn something productive.
This is the time when you should take advantage of it. Stop watching the news, I'm here to update you on the most important things in the world.
You need to know that mainstream media is a lagging indicator. The moment they're spreading fear, the cause of that fear happened a few days/weeks ago.
The day I start buying crypto, the mainstream media will keep spreading fear. They will be taking corona as clickbait as long as they can because people like reading about negative things.
When you see CNBC calling a bottom, the bottom will be already in at least for a week.
Market my words!
The day I start buying crypto, the mainstream media will keep spreading fear. They will be taking corona as clickbait as long as they can because people like reading about negative things.
When you see CNBC calling a bottom, the bottom will be already in at least for a week.
Market my words!
The Trump administration will ask for an $850 billion package to counter economic fallout.
The Trump administration is preparing to ask for about $850 billion in additional stimulus to support the economy, which is facing a deep downturn as businesses close as coronavirus spreads.
I’m not a hater but be honest and ask yourself if this is sustainable?
It’s just the beginning of the virus outbreak and they’re asking for hundreds of billions every 2-3 days.
Wuhan province in China went in quarantine on January 30th and they’re still in quarantine.
If the US keeps doing what they’re doing, something really big is about to happen.
Not recession, not depression, something I have no words to describe.
Now we see all the weaknesses of the current system.
The US is playing with fire, hope it doesn’t spread across the whole globe.
The Trump administration is preparing to ask for about $850 billion in additional stimulus to support the economy, which is facing a deep downturn as businesses close as coronavirus spreads.
I’m not a hater but be honest and ask yourself if this is sustainable?
It’s just the beginning of the virus outbreak and they’re asking for hundreds of billions every 2-3 days.
Wuhan province in China went in quarantine on January 30th and they’re still in quarantine.
If the US keeps doing what they’re doing, something really big is about to happen.
Not recession, not depression, something I have no words to describe.
Now we see all the weaknesses of the current system.
The US is playing with fire, hope it doesn’t spread across the whole globe.
Here’s a quick update on Bitcoin.
This is an extremely wide range between $4500 (monthly support) and an intraday price level at $6000.
If we try to compare these two levels, the one at $4500 is way stronger since it is a monthly level but the current $6000 intraday area is well-known area from the past so they’re equal.
Considering the bearish pressure in the market, still bearish and it can be changed if we close above $6000.
This is an extremely wide range between $4500 (monthly support) and an intraday price level at $6000.
If we try to compare these two levels, the one at $4500 is way stronger since it is a monthly level but the current $6000 intraday area is well-known area from the past so they’re equal.
Considering the bearish pressure in the market, still bearish and it can be changed if we close above $6000.
Will coronavirus affect Bitcoin?
We all see a recent dump in bitcoin price of 50% and a lot of people got scared of what will happen with miners and are they going to shut down their machines.
I shared my opinion a few times indirectly, but here’s my opinion backed by some information I got from Bitcoin miners directly (Zug, Switzerland).
The Bitcoin network is so smart that you can’t even imagine. When new miners join, it increases difficulty so the average profit per miner drops.
When some miners decide to step out, it decreases difficulty so the average profit for the rest of miners goes up.
If the price will stay at these levels after halving, there’s going to be a decent amount of miners shutting down their machines because it won’t be profitable for them.
But when some miners step out, difficulty drops so the miners that are left will get more coins as a reward so their overall profit should be enough to keep them running.
Also, we can expect an increase in fees that is the second type of profit miners get.
So, it’s expected to see a drop in difficulty and an increase in mining fees. This will decrease the bitcoin network for 20-25% in the worst-case scenario.
Some people will think it will be more susceptible to attacks.
Yes, the network size will drop but not at the levels from 2013-2014 but at the levels from 6-9 months ago when the Bitcoin network was still very strong.
So, when we filter all the rumors and fear in the market, short term, we can see price dips, more fear but in the long term, Bitcoin network is not in danger!
Share with others and let them know the real truth in the times when media will do anything to create more fear and more traffic to their website because it makes them 💰
We all see a recent dump in bitcoin price of 50% and a lot of people got scared of what will happen with miners and are they going to shut down their machines.
I shared my opinion a few times indirectly, but here’s my opinion backed by some information I got from Bitcoin miners directly (Zug, Switzerland).
The Bitcoin network is so smart that you can’t even imagine. When new miners join, it increases difficulty so the average profit per miner drops.
When some miners decide to step out, it decreases difficulty so the average profit for the rest of miners goes up.
If the price will stay at these levels after halving, there’s going to be a decent amount of miners shutting down their machines because it won’t be profitable for them.
But when some miners step out, difficulty drops so the miners that are left will get more coins as a reward so their overall profit should be enough to keep them running.
Also, we can expect an increase in fees that is the second type of profit miners get.
So, it’s expected to see a drop in difficulty and an increase in mining fees. This will decrease the bitcoin network for 20-25% in the worst-case scenario.
Some people will think it will be more susceptible to attacks.
Yes, the network size will drop but not at the levels from 2013-2014 but at the levels from 6-9 months ago when the Bitcoin network was still very strong.
So, when we filter all the rumors and fear in the market, short term, we can see price dips, more fear but in the long term, Bitcoin network is not in danger!
Share with others and let them know the real truth in the times when media will do anything to create more fear and more traffic to their website because it makes them 💰
Even though they’re putting billions in the economy every 2-3 days, the US stock market keeps decreasing.
It’s really nice to see Bitcoin holding while traditional assets keep sinking.
I said few times, the US is growing at the same rate as Italy but just lagging 2 weeks.
Now, the growth of the US infected cases is growing way faster than in Italy.
With this rate of growth, we’ll be at 1 million infected and while some people will say that’s nothing, 500 000 people die from normal flue per year.
That’s true but normal flue doesn’t spread like this and doesn’t have mortality have mortality rate of 0.1% while coronavirus is currently at 8% (in Italy it’s 10%).
Also normal flue doesn’t affect the global economy.
In US, we’re still in the first week of the outbreak and we already have an unemployment rate going to 20%.
It’s really nice to see Bitcoin holding while traditional assets keep sinking.
I said few times, the US is growing at the same rate as Italy but just lagging 2 weeks.
Now, the growth of the US infected cases is growing way faster than in Italy.
With this rate of growth, we’ll be at 1 million infected and while some people will say that’s nothing, 500 000 people die from normal flue per year.
That’s true but normal flue doesn’t spread like this and doesn’t have mortality have mortality rate of 0.1% while coronavirus is currently at 8% (in Italy it’s 10%).
Also normal flue doesn’t affect the global economy.
In US, we’re still in the first week of the outbreak and we already have an unemployment rate going to 20%.
What I want from you is to understand the fact that the worst is yet to come. Go to flightradar24 and you'll see a huge amount of flights still above the US and Europe but also Asia.
People still think this is a short term problem that will be solved very soon. This is not a big snowfall that blocked your country and not even an earthquake of a medium size that did some damage to the infrastructure.
This can damage the world seriously and I want you to get ready for that and once it happens, look for opportunities that will open for you because at that time, the majority will be freaking out and that fear will immobilise them.
The number of infected cases is still relatively "small" but this is growing exponentially, which means the number of days it took from 10k to 100k will be the same that will take from 100k to 1 million and then from 1 million to 10 million...
And we're less than 2 weeks from that scenario because it's not only Italy but also the US, Spain, Germany, France, Iran and many more that are growing way faster than Italy 7 days ago...
Again not spreading the fear but getting you ready to take opportunities that will present itself at the time of the biggest fear.
People still think this is a short term problem that will be solved very soon. This is not a big snowfall that blocked your country and not even an earthquake of a medium size that did some damage to the infrastructure.
This can damage the world seriously and I want you to get ready for that and once it happens, look for opportunities that will open for you because at that time, the majority will be freaking out and that fear will immobilise them.
The number of infected cases is still relatively "small" but this is growing exponentially, which means the number of days it took from 10k to 100k will be the same that will take from 100k to 1 million and then from 1 million to 10 million...
And we're less than 2 weeks from that scenario because it's not only Italy but also the US, Spain, Germany, France, Iran and many more that are growing way faster than Italy 7 days ago...
Again not spreading the fear but getting you ready to take opportunities that will present itself at the time of the biggest fear.
This is a big test for Bitcoin.
If it gets unaffected by the whole world situation, we can expect to see Bitcoin going to new highs.
The time horizon is still not that clear but sooner or later, it’s happening.
So far, it looks good, especially because it’s not correlated with Gold and US stock market in the last few days.
Both of these are hitting new yearly or multi-yearly lows every day while Bitcoin is grinding up step by step.
If it gets unaffected by the whole world situation, we can expect to see Bitcoin going to new highs.
The time horizon is still not that clear but sooner or later, it’s happening.
So far, it looks good, especially because it’s not correlated with Gold and US stock market in the last few days.
Both of these are hitting new yearly or multi-yearly lows every day while Bitcoin is grinding up step by step.
While global stock markets are reaching new lows, Bitcoin is showing amazing strength.
It’s in a resistance area at the moment.
Break above that area could be a very bullish sign for Bitcoin.
I’m not bullish but just happy to see Bitcoin going against all other assets and proving its strength and worth.
It’s in a resistance area at the moment.
Break above that area could be a very bullish sign for Bitcoin.
I’m not bullish but just happy to see Bitcoin going against all other assets and proving its strength and worth.
The moment we start getting positive news about the current situation, the first asset to go up will be Bitcoin because it’s the one the least affected.
The reason for the drop was fear and uncertainty but once we experienced that fear, once everyone is shaken out of the market is the right time to catch the majority on the wrong side. If you were using leverage, you’re out because chances that you were using leverage 1x with stop loss below $3000 are pretty, pretty low.
Most of the people were in fear of sudden network shutdown because of a drop in hash rate if miners decide to turn off their machines. The reality is that Bitcoin miners continued working with a small decrease of 10-15% in hash rate which happens on a regular basis even without current fear.
So, if suddenly we get positive news that a number of new cases is dropping or at least doesn’t grow at the exponential rate or that they found some drugs that can help against coronavirus, expect Bitcoin to recover the first and not only that, because of upcoming halving, it can fly really high.
The whole ecosystem is still unaffected by the whole drama and it can recover with just a little bit positive news in the market.
On the other side, traditional markets are affected on a way bigger scale and lockdown will cause further market decline at least for a few weeks/months. Even after that, the debt that they’re getting in today will still be there waiting to be paid off.
It’s right time for Bitcoin to outperform everything!
The reason for the drop was fear and uncertainty but once we experienced that fear, once everyone is shaken out of the market is the right time to catch the majority on the wrong side. If you were using leverage, you’re out because chances that you were using leverage 1x with stop loss below $3000 are pretty, pretty low.
Most of the people were in fear of sudden network shutdown because of a drop in hash rate if miners decide to turn off their machines. The reality is that Bitcoin miners continued working with a small decrease of 10-15% in hash rate which happens on a regular basis even without current fear.
So, if suddenly we get positive news that a number of new cases is dropping or at least doesn’t grow at the exponential rate or that they found some drugs that can help against coronavirus, expect Bitcoin to recover the first and not only that, because of upcoming halving, it can fly really high.
The whole ecosystem is still unaffected by the whole drama and it can recover with just a little bit positive news in the market.
On the other side, traditional markets are affected on a way bigger scale and lockdown will cause further market decline at least for a few weeks/months. Even after that, the debt that they’re getting in today will still be there waiting to be paid off.
It’s right time for Bitcoin to outperform everything!
Thank you guys.
It’s my honour to keep you updated and warn you on things before that happens. It’s not just about sharing news in the market but interpreting their impact on crypto.
Now what I’m saying that the first asset that will recover will be Bitcoin. It’s the least affected, technically and fundamentally.
Let’s wait for some positive signs that can happen soon or in few weeks but once we start closing above $6700, I don’t expect slowly move up but big candle above $8000.
The way it dropped will be the same way it will come back up.
It’s my honour to keep you updated and warn you on things before that happens. It’s not just about sharing news in the market but interpreting their impact on crypto.
Now what I’m saying that the first asset that will recover will be Bitcoin. It’s the least affected, technically and fundamentally.
Let’s wait for some positive signs that can happen soon or in few weeks but once we start closing above $6700, I don’t expect slowly move up but big candle above $8000.
The way it dropped will be the same way it will come back up.
One of the information we came across that looks very interesting comes from Asian countries.
Do they have the drug to deal with coronavirus?
If this turns out to be the truth and becomes available worldwide, it’s going to be huge.
There’s still big negative market propaganda where all major media sites report scary things about coronavirus.
What if there’s actually a solution?
Whatever is the case, Asian countries are way more successful in threatening coronavirus.
Do they have the drug to deal with coronavirus?
If this turns out to be the truth and becomes available worldwide, it’s going to be huge.
There’s still big negative market propaganda where all major media sites report scary things about coronavirus.
What if there’s actually a solution?
Whatever is the case, Asian countries are way more successful in threatening coronavirus.
Forwarded from Crypto Signals Premium Channel
What’s the secret behind Japan and especially Singapore?
Why there’s so big difference between these two countries and the rest?
In other countries, you have 2-5% recovered while in Singapore, that number is almost 40%.
Is there a drug for coronavirus but it's not mainstream yet or Asian countries report fake data?
Why there’s so big difference between these two countries and the rest?
In other countries, you have 2-5% recovered while in Singapore, that number is almost 40%.
Is there a drug for coronavirus but it's not mainstream yet or Asian countries report fake data?
Bitcoin is the first that’s showing strength across all other assets.
We also saw a positive reaction in the Gold and Crude Oil market.
For a bearish scenario, Bitcoin shouldn’t be in this area. If it was bearish, it should’ve been rejected of $6000 or $6300.
One more time, Bitcoin is proving to be ahead of others and we need just a little bit more to see huge FOMO in the market that can push the price of Bitcoin to $8000-9000 area easily and further from that.
We also saw a positive reaction in the Gold and Crude Oil market.
For a bearish scenario, Bitcoin shouldn’t be in this area. If it was bearish, it should’ve been rejected of $6000 or $6300.
One more time, Bitcoin is proving to be ahead of others and we need just a little bit more to see huge FOMO in the market that can push the price of Bitcoin to $8000-9000 area easily and further from that.
Bitfinex will remove 87 pairs
If you hold some coins on Bitfinex, check out the link below to see if your coin will be delisted so you can move it to another place.
https://www.bitfinex.com/posts/466
If you hold some coins on Bitfinex, check out the link below to see if your coin will be delisted so you can move it to another place.
https://www.bitfinex.com/posts/466
Why do I think Bitcoin is the first to recover and outperform gold, crude oil and the stock market?
It’s one of the rare assets that got affected indirectly, not directly.
The mining facilities are still doing okay, no big drops in the hash rate, devs are working from home so nothing big changed.
On the other side, in the stock market, companies are closing their production (or at least reducing it), closing or limiting their retail stores.
The worst thing, it’s still the beginning and just after 7-10 days of emergency in the USA, their economy came to an edge to the recession.
That says enough how strong the current financial world is when they can handle one week of a lockdown.
How do I know it’s going to last for weeks?
I’m just sharing official news.
For example, California is in quarantine for five weeks (at least).
I’m repeating myself over and over again, be wise where you’re putting your money in.
The moment we start getting positive news, Bitcoin is one of the first to react while the stock market will continue to suffer the consequences of coronavirus.
It’s one of the rare assets that got affected indirectly, not directly.
The mining facilities are still doing okay, no big drops in the hash rate, devs are working from home so nothing big changed.
On the other side, in the stock market, companies are closing their production (or at least reducing it), closing or limiting their retail stores.
The worst thing, it’s still the beginning and just after 7-10 days of emergency in the USA, their economy came to an edge to the recession.
That says enough how strong the current financial world is when they can handle one week of a lockdown.
How do I know it’s going to last for weeks?
I’m just sharing official news.
For example, California is in quarantine for five weeks (at least).
I’m repeating myself over and over again, be wise where you’re putting your money in.
The moment we start getting positive news, Bitcoin is one of the first to react while the stock market will continue to suffer the consequences of coronavirus.
Bitcoin Update
Bitcoin definitely escaped the danger zone and now sits in a neutral, safe zone.
For a full recovery, we need to close back above previous support, current resistance and that’s the red area.
If we deep near the green area again, I would recommend buying.
There are no bad signs from the Bitcoin network, it’s still strong so everything is in control.
Coronavirus is spreading faster and faster but one more time, 80% of the worst scenarios did already happen.
The lockdown we're currently in affects the stock market and that will cost world economy trillions but Bitcoin is not affected at all.
The only thing that will affect Bitcoin is the sudden drop in mining power or new fear caused by lockdown in whole Ameria and Europe and that would be a final stage.
Bitcoin definitely escaped the danger zone and now sits in a neutral, safe zone.
For a full recovery, we need to close back above previous support, current resistance and that’s the red area.
If we deep near the green area again, I would recommend buying.
There are no bad signs from the Bitcoin network, it’s still strong so everything is in control.
Coronavirus is spreading faster and faster but one more time, 80% of the worst scenarios did already happen.
The lockdown we're currently in affects the stock market and that will cost world economy trillions but Bitcoin is not affected at all.
The only thing that will affect Bitcoin is the sudden drop in mining power or new fear caused by lockdown in whole Ameria and Europe and that would be a final stage.