What did I say a few weeks ago about halving and mining profitability?
They can easily increase transaction fees and the reward they will be getting will be quite similar to the reward they were getting before it.
The average fees cost per transaction was around $0.5 last 9-10 months and just before halving it skyrocketed to even $3.
It’s an increase of 6 times so don’t worry for miners and their profitability, they will always find the way to be above break even.
For those who don't know, miners get two types of reward: block reward and fees reward. Only the block reward will be halved but since transaction costs go up by 5-6 times, miners won't face with any losses due to Bitcoin halving.
They can easily increase transaction fees and the reward they will be getting will be quite similar to the reward they were getting before it.
The average fees cost per transaction was around $0.5 last 9-10 months and just before halving it skyrocketed to even $3.
It’s an increase of 6 times so don’t worry for miners and their profitability, they will always find the way to be above break even.
For those who don't know, miners get two types of reward: block reward and fees reward. Only the block reward will be halved but since transaction costs go up by 5-6 times, miners won't face with any losses due to Bitcoin halving.
What does this mean?
Bitcoin halving won’t decrease selling pressure by miners since they will have almost the same profitability.
Because of this, Bitcoin halving in short term can bring more harm than good to the price of Bitcoin.
Be careful, don’t long blindly without the proper setup.
Bitcoin halving won’t decrease selling pressure by miners since they will have almost the same profitability.
Because of this, Bitcoin halving in short term can bring more harm than good to the price of Bitcoin.
Be careful, don’t long blindly without the proper setup.
The best timeframe to look at the current situation is H4 where Bitcoin closed above resistance.
With that close, it targets at least the previous high but that move up can go all the way up to the TP2 which is the second target for Bitcoin on a macro view.
If Bitcoin closes back below TP1, it will target at least the middle of the range ($8800).
It’s expected now to see Bitcoin creating a small range between $9500 and $10 100. The break above would lead to TP2 and break below would lead to the middle of the big range ($8800)
With that close, it targets at least the previous high but that move up can go all the way up to the TP2 which is the second target for Bitcoin on a macro view.
If Bitcoin closes back below TP1, it will target at least the middle of the range ($8800).
It’s expected now to see Bitcoin creating a small range between $9500 and $10 100. The break above would lead to TP2 and break below would lead to the middle of the big range ($8800)
Ripple is not 3rd coin on market cap anymore.
As Tether printed more than $2 billion worth of tokens, it’s market cap surpassed Ripple market cap.
The increase of 30% in the supply of Tether in a single day brought many questions.
Where this money is going? Are we going to see an increase in a buy action on Bitcoin or this was just to increase the liquidity of the cryptocurrency market?
Whatever the reason is, in the past, this had a positive affect on the price of Bitcoin.
As Tether printed more than $2 billion worth of tokens, it’s market cap surpassed Ripple market cap.
The increase of 30% in the supply of Tether in a single day brought many questions.
Where this money is going? Are we going to see an increase in a buy action on Bitcoin or this was just to increase the liquidity of the cryptocurrency market?
Whatever the reason is, in the past, this had a positive affect on the price of Bitcoin.
For the first time in US history, we are facing the possibility of seeing negative interest rates at the beginning of 2021 😳
No this is not a joke, not only that you won’t get money by putting it in the banks, you will be charged for that service.
The predictions are pointing for further increase of negative interest rates in the rest of 2021 and 2022 so this won’t be a short-term problem.
This means that the government and banks want you to spend the money you have and invest back in the economy. This will definitely cause a lot of people to put money in real estate, stock market and hopefully cryptocurrency market.
Even though it seems that fear around the recent stock market dump is over, this seems to me that we are just waiting for an aftershock that will be even worse than the initial dump.
More than 35 million people filed for unemployment benefits and these people won’t get back to work as fast as they got laid off.
I was never more bullish on the cryptocurrency market than this time. The way it recovered and reacted to all the fear in the world is phenomenal.
Stay safe and keep holding!
https://youtu.be/Pwebo7J5mio
No this is not a joke, not only that you won’t get money by putting it in the banks, you will be charged for that service.
The predictions are pointing for further increase of negative interest rates in the rest of 2021 and 2022 so this won’t be a short-term problem.
This means that the government and banks want you to spend the money you have and invest back in the economy. This will definitely cause a lot of people to put money in real estate, stock market and hopefully cryptocurrency market.
Even though it seems that fear around the recent stock market dump is over, this seems to me that we are just waiting for an aftershock that will be even worse than the initial dump.
More than 35 million people filed for unemployment benefits and these people won’t get back to work as fast as they got laid off.
I was never more bullish on the cryptocurrency market than this time. The way it recovered and reacted to all the fear in the world is phenomenal.
Stay safe and keep holding!
https://youtu.be/Pwebo7J5mio
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INTEREST RATES WENT NEGATIVE | GOODBYE SAVINGS
Interest Rate Futures just began trading negative - here is what this means, how negative interest rates would impact you, and how you could get paid to borrow money - enjoy! Add me on Instagram: GPStephan
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Bitcoin is back in the range and in these conditions it targets 2 areas.
The first one is in the middle of the range at around $8.6k and the main support area at $7.7.
Looking for these two areas for strength in order to open a long position.
The scenario for shorting will come in place if we come back to $9.3-9.5k and get rejected from resistance.
Then we will have a confirmation and we can take short to one of two mentioned support areas.
The first one is in the middle of the range at around $8.6k and the main support area at $7.7.
Looking for these two areas for strength in order to open a long position.
The scenario for shorting will come in place if we come back to $9.3-9.5k and get rejected from resistance.
Then we will have a confirmation and we can take short to one of two mentioned support areas.
Bitcoin fees approaching the highest point in the last 2 years.
So far, the only visible impact of Bitcoin halving was the increase in transaction fees that went from $0.5-1 to $5-6.
What does this mean?
This means that Bitcoin miners are in control to do anything they need to keep operating above break even.
From one point, this is great because we should not be worried about network stability. MIners will keep mining Bitcoin and if block reward is not enough for them, they can easily increase the transaction fees so they can cover the operational costs.
The other side is that this weakens the chance to see Bitcoin as a payment method that people will be using on a daily basis because currently, the fees are more expensive than the price of a cup of coffee.
This makes me think that Bitcoin’s purpose is being a store of value, something similar to gold and not a payment method.
Feel free to share your opinion with me by reaching out to @CryptoSignalsAdmin.
So far, the only visible impact of Bitcoin halving was the increase in transaction fees that went from $0.5-1 to $5-6.
What does this mean?
This means that Bitcoin miners are in control to do anything they need to keep operating above break even.
From one point, this is great because we should not be worried about network stability. MIners will keep mining Bitcoin and if block reward is not enough for them, they can easily increase the transaction fees so they can cover the operational costs.
The other side is that this weakens the chance to see Bitcoin as a payment method that people will be using on a daily basis because currently, the fees are more expensive than the price of a cup of coffee.
This makes me think that Bitcoin’s purpose is being a store of value, something similar to gold and not a payment method.
Feel free to share your opinion with me by reaching out to @CryptoSignalsAdmin.
Just a shoutout to my very good friend who makes a really good analysis and this is one of the best crypto channels in telegram.
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All his useful contents are free for everyone.
We highly recommend follow him: https://news.1rj.ru/str/CryptoRichard
Richard Temple is the special channel running by professional analysts. Richard Temple knows what to buy and what to sell. And when...
- Consistent predictions/entries
- Highly accurate trades/analysis
- Fully transparent
All his useful contents are free for everyone.
We highly recommend follow him: https://news.1rj.ru/str/CryptoRichard
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Twitter: https://twitter.com/Temple_Crypto
Any move into red area that gets rejected should be used as the confirmation for a short trade setup.
Bitcoin in the range targets the middle of the range ($8.6) and main support ($7.7).
A daily close above TP1 and Bitcoin will invalidate short trade setup and target previous high ($10 100) and TP2 ($10 500).
Bitcoin in the range targets the middle of the range ($8.6) and main support ($7.7).
A daily close above TP1 and Bitcoin will invalidate short trade setup and target previous high ($10 100) and TP2 ($10 500).
The blue area is very important for Bitcoin because as long as it closes above that area, it will keep forming higher lows that are indications of an uptrend.
The moment it closes below, we can target the green area and maybe lower.
The short position I got 2 days ago got closed and now I’m waiting for the next sign.
For bearish scenario, it would be daily close below blue area and then on lower time frames I would try to get as a better short entry as possible.
For a bullish scenario, I want to see close TP1 to look for a long entry.
The area in between is wide but anything can happen there and because of that, I will avoid any swings in that zone.
The moment it closes below, we can target the green area and maybe lower.
The short position I got 2 days ago got closed and now I’m waiting for the next sign.
For bearish scenario, it would be daily close below blue area and then on lower time frames I would try to get as a better short entry as possible.
For a bullish scenario, I want to see close TP1 to look for a long entry.
The area in between is wide but anything can happen there and because of that, I will avoid any swings in that zone.
Bitcoin’s fees are returning to normal after pre and post-halving increases.
It reached a peak of $6.65 and currently just above $3.
Keep in mind that the average fees for 2019 were below $1, we expect this trend to continue and to see transaction fees to decrease further.
It will ensure better user experience, faster confirmation and will allow people around the globe to transfer value globally for a few cents.
Keep hodling!
It reached a peak of $6.65 and currently just above $3.
Keep in mind that the average fees for 2019 were below $1, we expect this trend to continue and to see transaction fees to decrease further.
It will ensure better user experience, faster confirmation and will allow people around the globe to transfer value globally for a few cents.
Keep hodling!
Crypto Signals
The blue area is very important for Bitcoin because as long as it closes above that area, it will keep forming higher lows that are indications of an uptrend. The moment it closes below, we can target the green area and maybe lower. The short position I…
Bitcoin is still in an uptrend after forming another higher high.
With daily closure above TP1, it will be targeting $10 100 and further TP2.
Those are two targets if we see daily of H4 close above TP1.
With daily closure above TP1, it will be targeting $10 100 and further TP2.
Those are two targets if we see daily of H4 close above TP1.
Forwarded from Crypto Signals Premium Channel
With the recent price action, this accumulation can send ETH all the way up to $280-300 area if we see a breakout.
So if we get the close above the red area, we are aiming for resistance and our setups in the next 2-3 weeks will be pointing in that direction.
So if we get the close above the red area, we are aiming for resistance and our setups in the next 2-3 weeks will be pointing in that direction.