🗞 Insider Newsletter #35 | March 9th, 2020 🗞

On the weekly chart, we’re approaching a significant SR level at $7,515. If we start closing multiple weekly candles below that again, then that’ll probably mean we’ll continue the downwards path towards the next macro support which is around $5,300. We got a D3 SR to build our macro bias. While scaling into spot buys down here isn’t a totally dumb idea, we think that as long as we stay below that D3 block, rallies are for shorting. Keep reading the analysis for this week.

In The Spotlight

📉 MacroView: Fed’s ‘Emergency Rate Cut’ Reveals Recession Risks

🇮🇳 India’s Supreme Court Lifts Banking Ban on Crypto Exchanges

🇰🇷 Crypto Is Now Legal In South Korea: Parliament Passes Landmark Cryptocurrency Bills

🌀 Bitcoin mining activity expected to surge as Chinese hardware makers shake off coronavirus slowdown

🙋 Facebook will support new tokens pegged to individual government-issued currencies – report

🗿 US Treasury met with industry leaders to discuss crypto regulatory challenges

🇫🇷 Bitcoin (BTC) Now Qualified as Legal Form of Money by French Authorities

💼 Walmart join Hyperledger alongside 7 otther companies

Government’s Warm to the Reality of Digital Currencies

India dominated the news last week, as the Supreme Court of India ruled against a decision imposed by the country’s central bank in April 2018. Close to two years ago the Reserve Bank of India (RBI) banned the nation’s financial institutions from providing banking services to crypto exchanges which completely hamstrung exchange operations in the country.

The central bank’s circular was challenged by a number of petitioners including crypto exchanges, start-ups, and the Internet and Mobile Association of India trade body, with Bloomberg stating that a three-judge bench of the court eventually ruled in favour of the petitions on March 4th. The ruling looks set to stimulate Asia’s third largest economy with Tanvi Ratna, the chief executive and founder of Policy 4.0, which works on crypto policy making in India, declaring that the community could expect “a resurgence of liquidity and resumption of activity with exchanges and other start-ups”. Despite the positivity, there remains the possibility that the RBI will file an appeal against the Supreme Court’s decision. To keep reading head over to our website.

✅ ORION PROTOCOL REVIEW UPDATE ✅

▶️ Read the full review at the following link: https://cryptocalibur.com/portfolio-item/orion-protocol-review/

Updates:
• DEX Launch Kit
• Liquidity Boost Plugin
• Enterprise Trade
• New Governance Mechanism - Delegated Proof of Broker (DPoB)
• A new marketing and business strategy geared more towards traditional non-crypto clients
• New team additions
• Brand new website and look

We're excited to present you with our comprehensive and informative Report on CoinZoom: Digital Asset Gateway

Find out more about CoinZoom (ZOOM) by reading our Report: https://cryptocalibur.com/coinzoom/

Conclusion:

All in all, CoinZoom is a project to keep an eye on and may immediately appeal to anyone based in the US who is also looking for a new platform to trade digital assets on. The focus on security and compliance should also appeal to people coming from a more traditional trading background and we are interested to see how the CoinZoom team leverage their previous experience in order to establish their crypto trading platform in a number of global markets. Read more

Upcoming ask me anything session with STP Network!

📃 Review
📃 Market Cap
📃 Website

⏰ The AMA will take place on March 22nd, 2020 from 14:00 to 15:00 UTC in our Chat Room.

❗VOTE: Binance Community Coin Vote Round 7 - STPT vs IRIS

🎁 STP Network will pick 5 winners and reward a total of $100 worth of STP. All you have to do is ask the best questions and follow:
- @CryptoCalibur
- @STPofficial
- https://twitter.com/CryptoCalibur

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🕐 Countdown 🕐

The AMA will take place in our Chat Room: @cryptocaliburchat

Reminder! AMA with STP Network will take begin in 1 hour in our chat room.

🎁 STP Network will pick 5 winners and reward a total of $100 worth of STP. All you have to do is ask the best questions and follow:
- @CryptoCalibur
- @STPofficial
- https://twitter.com/CryptoCalibur

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Time: 14:00 - 15:00 UTC

🕐 Countdown 🕐

The AMA will take place in our Chat Room: @cryptocaliburchat

Upcoming ask me anything session with CoinZoom!

📃 Review
📃 Website

⏰ The AMA will take place on March 24th, 2020 from 16:00 to 17:00 UTC in our Chat Room.

🎁 CoinZoom will pick 5 winners and reward a total of $100 worth of ZOOM. All you have to do is ask the best questions and follow:
- @CryptoCalibur
- @GetCoinZoom
- https://twitter.com/CryptoCalibur

-----------------------------------------------

🕐 Countdown 🕐

The AMA will take place in our Chat Room: @cryptocaliburchat

Reminder! AMA with CoinZoom will take begin in ~4 hours in our chat room.

🎁 CoinZoom will pick 5 winners and reward a total of $100 worth of ZOOM. All you have to do is ask the best questions and follow:
- @CryptoCalibur
- @GetCoinZoom
- https://twitter.com/CryptoCalibur

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Time: 16:00 - 17:00 UTC

🕐 Countdown 🕐

The AMA will take place in our Chat Room: @cryptocaliburchat

🗞 Insider Newsletter #37 | March 24th, 2020 🗞

The Macro view hasn’t changed too much since our last newsletter, and we highly recommend reading it again, because it has a much more in-depth analysis on the higher timeframes. Two important pivots on the Monthly chart. If we lose the top SR, we move towards the bottom SR. Nice and simple. Daily closed above the Monthly SR, this has all the chances in the world to move into the Yearly Open, thus taking out last week’s high. Keep reading the analysis for this week.

In The Spotlight

💰 Bakkt Completes $300 Million Series B Financing

🏦 Federal Reserve to lend additional $1 trillion a day to large banks

😃 Italian Bank Launches Bitcoin Trading for 1.2M Customers

👍 Bitcoin was designed for a Financial Crisis – So fat it’s working well

🇷🇺 Russian Central Bank Admits It Can’t Ban Bitcoin

💲 A draft of the coronavirus stimulus bill written by House Democrats would create a ‘digital dollar’

⚙️ The Federal Reserve just pledged asset purchases with no limit to support markets

🇨🇳 Bank of China continues anti-crypto narrative on WeChat

The Crypto Sector Moves to Recover From March 12 as QE Looms

The sector continued to deal with the fallout from March 12th this week, as a number of exchanges, protocols, and projects were forced to lick their wounds and take stock of their losses. BitMEX, Binance, and Deribit incurred losses of around $12.9m, $4.6m, and $1.66m to their respective insurance funds, and BitMEX moved to refund 156 accounts that were negatively affected by the late processing of market orders which led to erroneous liquidations on ETH/USD orders. The exchange claims that it was subject to two DDoS attacks on March 13 which caused it to go offline for 30 minutes, and has paid out a total of 40.297 XBT to those affected.

MakerDAO lost around $4m worth of unbacked DAI last week, and the team behind the project set up the MKR auction which began on March 19 to try and recover the losses. The ‘Reverse Auction’ system utilized sees participants bidding set amounts of Dai (50,000) for decreasing amounts of MKR, and the opening bidder lot of 250 MKR for 50,000 Dai worked out at approximately 200 Dai per MKR. The MakerDAO community has also floated the idea of using the USDC stablecoin as an alternative source of collateral to improve overall liquidity and strengthen the protocol’s resolve against any further sudden adverse market movements. MakerDAO also plans to shutdown Single Collateral Dai (SAI) within the next 30 days to alleviate any unnecessary expenses. To keep reading head over to our website.

Recap of the STP Network AMA Session from the 22nd of March, 2020 - Stay informed!

🎁 Top 5 Questions will be announced soon ($100 worth of STPT will be distributed)

➡️ Click for Recap ⬅️

🎁 We present you with the winners for the STP Network AMA 🎁

1. Can you share some more insights on STP Network as to the long term plans of the project keeping in mind the stakeholders interest & adoption in the real world without compromising on regulatory front?

2. What are the standards and solutions that STP Network offers? What are the special and outstanding STP Network solutions compared to the traditional way?

3. Can you tell us several advantages you think that STPT can beat IRIS in vote of Round 7 of Binance Community Coin?

4. Regardless of the outcome of the Binance community event, what major milestones do you have in place as Q1 2020 comes to a close. Should you win, how would you prevent possible price dump and continue to interact with community.

5. Polymath and Coinlist are presently ahead of you, how will you compete with them and what advantages do you over them?

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@langa94 will send the winners a PM asking for the ETH address where we should send the STPT tokens.

Stay tuned for more AMAs and rewards. Make sure you follow us on Twitter!

Today we will take you through the Q1 2020 progression Bitcoin's movement. This probably was the most volatile quarter in the history of Bitcoin. Let’s jump down the rabbit hole and look at the charts from top to bottom once more.

Part A: Monthly Chart

Chart: https://www.tradingview.com/x/ORUGKzAh/

Starting from the monthly chart, we immediately notice something quite interesting. We are macro range bound between ‘18, ‘19 and ‘20 Yearly Opens, with the latter acting as the equilibrium (mid-range).

Keep in mind that the price is fractal across all timeframes, thus the price behavior around patterns is identical no matter what timeframe we’re looking at. Of course, it takes a lot more time to break out of a two-three years developed range than it takes to break a lower timeframe range, but the price behavior remains the same.

Knowing this, we are going to use the ‘20 YO as macro bias going forward and we’ll come back to this later on.

Part B: Weekly Chart

Chart: https://www.tradingview.com/x/ribBxQtV/

We’re currently trading into the origin of the December range breakout. This is quite an important area since it also has the yearly open embedded into it, making it more significant.

We’re just going to keep in mind that the most important level on the chart is the yearly open and the region around it, and remove the grey box from the chart to avoid cluttering our workspace going further.

Part C: Daily Chart

Chart: https://www.tradingview.com/x/kLw0jfXF/

We got one important level on the daily chart, for now. It’s the black line which represents the first high made after the drop. We can notice how significant it is in terms of respecting the support and resistance around it. It’ll be much more clear when we zoom in to H4 timeframe.

So for now, we know that the price is trapped between supply (‘20 YO) and demand (the daily level).

We know, from an over-under pattern point of view, that the price shouldn’t be back above the black level now, as it already failed once above it (explanation in Part D).

Part D : Over-under perspective

Chart: https://www.tradingview.com/x/jbPHoaR6/

Having that in mind, let’s go further down to the H4 timeframe and establish our short-term bias.

4-Hour Chart

Chart: https://www.tradingview.com/x/H8zGr4xI/

Things now become more clear, right? We now have the ‘20 YO, the Daily pivot level and the H4 pivot level to guide us forward, all of them being respected thoroughly by the market.

We can now establish our bias depending which side the market takes, and take part in a trade on market strength or weakness.

🐂 Bullish Scenario

Chart: https://www.tradingview.com/x/11ZcHrX5/

There are two possible entry points depending on what the market does in the short term future.

If we break below the Daily Pivot and close back above, we can enter a long on the last low pre-break of this consolidation (we can’t anticipate where it’ll be, but when it’s created, that’s the aggressive entry point).

The more conservative entry (or add) should be the break above the Yearly Open.

Trade invalidation is clear if it breaks below the structure (being the lowest point the market trades into), but if not, then it’ll be a little bit problematic to choose a decent invalidation point. Could be the thrust candle that breaks the YO, but it’s too risky in my opinion.

🐻 Bearish Scenario

Chart: https://www.tradingview.com/x/KIiy6QMu/

This one is a lot more simpler to define. Once/if it breaks the daily pivot, the first aggressive entry would be the retest of the level from below, then the conservative entry is the loss of the H4 pivot level with a subsequent retest of it. Fairly clear so far, and the targets are always the lows created by the market on the way up.

Q1 CRYPTOCURRENCY INDUSTRY ROUNDUP

After getting off to a positive start, the market was unable to withstand the negative effects of the Covid-19 pandemic which hit all financial markets hard during the middle of March. The total market cap sat at around $191B on January 01, 2020, and peaked at around $308B on February 14. However, the market struggled to recover after plummeting to around $125B on March 12, and the quarter ended with the total cap fluctuating around $181B on March 31 which represented a loss of 5.2%.

For the first time in weeks, Bitcoin didn’t suffer any setback when the financial markets closed for the weekend. The proponents of the ‘Bitcoin safe-haven’ narrative might argue that the benchmark cryptocurrency has stopped following the global markets.

Full Article: https://cryptocalibur.com/cryptocurrency-industry-q1-review/

📈 This weekend we will released a Quarterly Macro Talks article which will cover the upcoming halving and mining industry, the global economic uncertainty and some other factors that might influence the price of Bitcoin throughout the following months.

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2020 Quarterly Macro Talks | An Analysis of Bitcoin Pricing

In this article we will focus on the macro side of things, and talk about the upcoming halving and mining industry, the global economic uncertainty and some other factors that might influence the price of Bitcoin throughout the following months.

Given the strength of the downtrend and the global economic collapse that we’re witnessing due to the coronavirus crisis, we would rather short the rallies. Unless the global markets calm down and the human malware is contained, the sell-off might not be finished yet.

Like we’ve already stated before, people that are selling their stocks panicked by the volatility and increased risk of a global economic recession won’t buy Bitcoin, an even more volatile and riskier asset. We know Bitcoin is the best asset to hold in a utopia, but we’re not quite there yet.

Full Article: https://cryptocalibur.com/macro-talks/