A new coronavirus wave is hitting the world and we could see a reflection of that in the cryptocurrency market. I'm sick of expressing my opinion on coronavirus and if that's actually that serious or not. You probably already know my opinion.
The only that matters is where the market can go?
Bitcoin's next move is pretty unpredictable but altcoins have way more chances to go down than up. Due to the current instability in the market, investing in altcoins at the moment is very risky. Therefore, we recommend waiting until the market stabilizes, as BTC could do some real damage to altcoins in the next days/weeks.
Save your money in situations like this and wait for potential dumps in the market for a new buying opportunity.
The only that matters is where the market can go?
Bitcoin's next move is pretty unpredictable but altcoins have way more chances to go down than up. Due to the current instability in the market, investing in altcoins at the moment is very risky. Therefore, we recommend waiting until the market stabilizes, as BTC could do some real damage to altcoins in the next days/weeks.
Save your money in situations like this and wait for potential dumps in the market for a new buying opportunity.
The founder of one of the biggest CryptoExchange giants in Asia (OKEx) had been arrested by Chinese authorities and can no longer conduct any withdraw authorizations due to him being the only key holder for the exchange’s wallets. This caused all the crypto within the platform to be locked, although users can still trade.
One analytics firm explained that data suggests there’s currently 200,000 BTC locked within the platform in a recent tweet.
“According to our data, around 200,000 BTC (1.1% of the circulating Bitcoin supply) are currently held in OKEx wallets. That is around $2.3 billion worth of BTC stored in the exchange’s vaults.”
Sooner or later, this thing will sort out but this is a great example of an old quote:
"Your keys, your coins. Not your keys, not your coins"
You may be in need of coins right now for many possible reasons but due to this situation, you're unable to access them.
Never store all of your coins on the exchange and if you really want, do it because you're planning to trade because you never know when hacking attempts may happen sudden government regulation or situation like this one.
Cryptocurrency exchanges are nothing better than regular banks but in this case for cryptocurrencies.
One analytics firm explained that data suggests there’s currently 200,000 BTC locked within the platform in a recent tweet.
“According to our data, around 200,000 BTC (1.1% of the circulating Bitcoin supply) are currently held in OKEx wallets. That is around $2.3 billion worth of BTC stored in the exchange’s vaults.”
Sooner or later, this thing will sort out but this is a great example of an old quote:
"Your keys, your coins. Not your keys, not your coins"
You may be in need of coins right now for many possible reasons but due to this situation, you're unable to access them.
Never store all of your coins on the exchange and if you really want, do it because you're planning to trade because you never know when hacking attempts may happen sudden government regulation or situation like this one.
Cryptocurrency exchanges are nothing better than regular banks but in this case for cryptocurrencies.
Bitcoin's weekly timeframe got rejected from the resistance area last week.
This week we will be looking around the area of the previous week high hoping to see a weakness that would make us enter the short trade with a very tight stop loss.
This is valid until we get daily close in this area. If that happens, this setup will be invalidated.
Stay tuned!
This week we will be looking around the area of the previous week high hoping to see a weakness that would make us enter the short trade with a very tight stop loss.
This is valid until we get daily close in this area. If that happens, this setup will be invalidated.
Stay tuned!
Crypto Signals
I see many people suggesting to buy TRX on the pullback fo the big move. Be cautious about these suggestions because, at this moment, this looks pretty bad, almost as the perfect example of the exit pump. If weekly close happens to be below 300 sats, this…
I warned you on time…
In my opinion, new lows are coming by the end of 2020 or in the first weeks of 2021.
In my opinion, new lows are coming by the end of 2020 or in the first weeks of 2021.
We have new available spots in our Premium channel where you get trading guide written by me, weekly trading lessons and all trade signals me and my team trades.
For more info message @CryptoSignalsAdmin
For more info message @CryptoSignalsAdmin
The best days are still ahead of Bitcoin.
We can’t compare the ecosystem that’s right now around Bitcoin with the ecosystem at the peak of $20k
If you mention fees, just look at gold or any stock such as Amazon, Apple, Microsoft… Bitcoin is not made for Starbucks purchases. There will be layers on top of the current ecosystem that will allow that feature.
You use neither Gold nor Amazon, Apple, Microsoft shares for your Starbucks coffee yet the market cap of these assets is measured in trillions.
You have to change your perspective in order to realize the potential Bitcoin has.
And even if fees rise to $10 for example, it’s still pretty cheap for the value it brings. You can move any amount of money to anyone in the world without the government being able to seize your money or stop your transaction.
In the times we are living, I see this extremely important and paying 5-10$ fees for this is actually pretty cheap.
To the moon 🚀🚀🚀
We can’t compare the ecosystem that’s right now around Bitcoin with the ecosystem at the peak of $20k
If you mention fees, just look at gold or any stock such as Amazon, Apple, Microsoft… Bitcoin is not made for Starbucks purchases. There will be layers on top of the current ecosystem that will allow that feature.
You use neither Gold nor Amazon, Apple, Microsoft shares for your Starbucks coffee yet the market cap of these assets is measured in trillions.
You have to change your perspective in order to realize the potential Bitcoin has.
And even if fees rise to $10 for example, it’s still pretty cheap for the value it brings. You can move any amount of money to anyone in the world without the government being able to seize your money or stop your transaction.
In the times we are living, I see this extremely important and paying 5-10$ fees for this is actually pretty cheap.
To the moon 🚀🚀🚀
The reason for yesterday Bitcoin Pump
PayPal one of the leading online payments company announced the integration of Bitcoin services. PayPal will start to buy and sell services for Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) in 2021. Users can buy and hold supported coins from their PayPal account.
The services initially only started for US-based customers. PayPal is the 204th largest company according to the Forbes list of 2019. That is huge news because PayPal currently has 286 Million active users. This will start a new era of adoption for the cryptocurrency market. Soon more and more companies and payments services start accepting Bitcoin and other cryptocurrencies.
While this has many positive benefits because way more people will get in touch with Bitcoin and other cryptocurrencies, with this they can control your Bitcoin the way they control USD.
As long as you can purchase Bitcoin without these intermediaries, do it because you don’t want one day your government to come at you asking for your Bitcoin.
We don’t want the 1930’s repeating one more time.
At that time, they ordered everyone to sell their gold holdings to the government and once they got in control of Gold, they were able to control it and do whatever they want.
PayPal one of the leading online payments company announced the integration of Bitcoin services. PayPal will start to buy and sell services for Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) in 2021. Users can buy and hold supported coins from their PayPal account.
The services initially only started for US-based customers. PayPal is the 204th largest company according to the Forbes list of 2019. That is huge news because PayPal currently has 286 Million active users. This will start a new era of adoption for the cryptocurrency market. Soon more and more companies and payments services start accepting Bitcoin and other cryptocurrencies.
While this has many positive benefits because way more people will get in touch with Bitcoin and other cryptocurrencies, with this they can control your Bitcoin the way they control USD.
As long as you can purchase Bitcoin without these intermediaries, do it because you don’t want one day your government to come at you asking for your Bitcoin.
We don’t want the 1930’s repeating one more time.
At that time, they ordered everyone to sell their gold holdings to the government and once they got in control of Gold, they were able to control it and do whatever they want.
"PayPal will launch its own Cryptocurrency within 6 to 12 Months?"
Predicts Asset Manager
Its is been assumed that PayPal could launch its own digital currency soon after announcing that it will start allowing customers to purchase, sell, and hold crypto on its website and app (Venmo). That the assessment of Meltem Demirors, an asset manager who oversees over $1 billion crypto assets at CoinShares.
During the interview with CNBC’s Fast Money on Oct 21st:
Coinshares’ chief strategy officer Meltem Demirors recently shared her thoughts on PayPal embracing crypto assets. She argued that adding the crypto features will be a “huge on-ramp for consumers” as it will give them easier access to cryptocurrency.
Demirors also pointed out that PayPal expanding its new crypto service to its Venmo app is a big deal as it boasts over 300 million active users who are mainly millennials. This age group, per Demirors, is the “target audience” for crypto.
“And eventually I think this is paving the way for PayPal to launch its own crypto…I wouldn’t be surprised if, in the next six to twelve months, we see PayPal launching its own digital currency similar to the digital dollar that we see in many payments companies.”
Predicts Asset Manager
Its is been assumed that PayPal could launch its own digital currency soon after announcing that it will start allowing customers to purchase, sell, and hold crypto on its website and app (Venmo). That the assessment of Meltem Demirors, an asset manager who oversees over $1 billion crypto assets at CoinShares.
During the interview with CNBC’s Fast Money on Oct 21st:
Coinshares’ chief strategy officer Meltem Demirors recently shared her thoughts on PayPal embracing crypto assets. She argued that adding the crypto features will be a “huge on-ramp for consumers” as it will give them easier access to cryptocurrency.
Demirors also pointed out that PayPal expanding its new crypto service to its Venmo app is a big deal as it boasts over 300 million active users who are mainly millennials. This age group, per Demirors, is the “target audience” for crypto.
“And eventually I think this is paving the way for PayPal to launch its own crypto…I wouldn’t be surprised if, in the next six to twelve months, we see PayPal launching its own digital currency similar to the digital dollar that we see in many payments companies.”
Crypto Signals
ETHBTC is at the levels it wasn’t in last 18 months. No matter what’s your target for ETHBTC pair, don’t be afraid to take some profit if your goals is to grow your BTC holdings. “You can’t go broke taking a profit”
The decision to sell part of ETH coins into BTC close to the local top of 0.04BTC now looks like a great decision.
Now we can buy it back growing our ETH supply by approximately 30%.
Currently, the ETHBTC pair doesn’t look the best.
This can be an indirect sign of Bitcoin’s strength over Ethereum and other coins.
Buying back should be considered only if we reclaim back to 0.032-0.033 BTC.
Now we can buy it back growing our ETH supply by approximately 30%.
Currently, the ETHBTC pair doesn’t look the best.
This can be an indirect sign of Bitcoin’s strength over Ethereum and other coins.
Buying back should be considered only if we reclaim back to 0.032-0.033 BTC.
Where next?
I do expect to see Bitcoin going above $14 000 price area even for a short period in form of a wick.
As I said yesterday, I do not remember the time I was this bullish on Bitcoin, especially if monthly closes above $14k. In that case, we would get the highest monthly close in Bitcoin history and everything ready for a new all-time high.
I do expect to see Bitcoin going above $14 000 price area even for a short period in form of a wick.
As I said yesterday, I do not remember the time I was this bullish on Bitcoin, especially if monthly closes above $14k. In that case, we would get the highest monthly close in Bitcoin history and everything ready for a new all-time high.
Forwarded from Crypto Signals
In the last 7-8 trades, we had only one stopping us out in reduced risk (half of the risk since we moved to stop loss from the initial point).
I’ll just say you’re missing a lot for not being part of our Premium Channel.
You get these fire signals with exact entry, stop loss and target (targets in case there are more).
Then you get a trading guide written by me that will help you realize why technicals actually work. This will help you understand the market and how to forecast potential opportunities by yourself.
All this for a yearly payment of $197.
If you want to be part of the group, message @CryptoSignalsAdmin.
I’ll just say you’re missing a lot for not being part of our Premium Channel.
You get these fire signals with exact entry, stop loss and target (targets in case there are more).
Then you get a trading guide written by me that will help you realize why technicals actually work. This will help you understand the market and how to forecast potential opportunities by yourself.
All this for a yearly payment of $197.
If you want to be part of the group, message @CryptoSignalsAdmin.