​​Another great future trading which was done in an hour. Good job!

@CryptoWorldTina

​​ETH update 📈

Back in February I published a pretty bold idea on ETHUSD calling for $800 Ethereum price

We had good chances to break the Major S/R Level at that time, but the Black Swan spoiled the party

What’s interesting is that the bottom of the upward channel perfectly supported the price during the notorious March crash

Now we see that a higher high was created and we are approaching a Resistance Cluster - 0.618 Fib + the top of the channel

It will be hard to break through it right now (more likely we’ll see a retrace to the S/R level before a breakout), but if we do, next target is the next Fib level at $770

@CryptoWorldTina

​​95% of #Bitcoin UTXOs are currently in a state of profit.

Extended periods at this level and above are characteristic of bull runs as BTC moves towards new all-time highs.

@CryptoWorldTina

​​China Set for Huge Expansion of Digital Currency Pilot
By Tim Alper

The Chinese central bank is reportedly set to massively expand the scope of its digital yuan pilots – as the nation edges closer to a central bank digital currency (CBDC) issuance.

Per a report from the Wall Street Journal, the nation’s Ministry of Commerce said that the pilot – so far active in five cities since May – will soon “cover much of China’s most prosperous regions,” as well as a number of less-affluent areas.

The pilot, which involves the central People’s Bank of China (PBoC) and four major state-owned commercial banks, will be expanded to encompass all of Beijing, the satellite provinces of Tianjin and Hebei, the Yangtze River Delta, the southern coast and the so-called Pearl River Delta: the Guangdong-Hong Kong-Macao Greater Bay Area.

Unconfirmed reports earlier this week stated that the latter – a major target for industrial and commercial growth for Beijing – was gearing up for digital yuan pilots.

And the ministry went a step further, claiming, per the WSJ, that “cities in the country’s poorer central and western regions that meet certain requirements will also roll out trials of the digital currency.”

The ministry stated that the pilot was still being run by the PBoC and did not specify when the digital yuan pilot extension program would begin, although it added that “policy design” was on target for completion “by the end of 2020.”

The Ministry of Commerce added that Beijing’s digital yuan push was part of a plan to “move China into higher-value industries and upgrade the country’s economy.”

Major news outlets in China – as well as a number of overseas observers – say that some of the nation’s biggest tech firms, including Alibaba and Tencent, are working behind the scenes on CBDC-related pilots and designs alongside the PBoC.

@CryptoWorldTina

​​Crypto Market Cap excluding #BTC
(log scale)
If this breaks out: better tell family, friends and relatives they won't see you for the next 3-4 months because shitcoins need your attention while they are working on your financial freedom.

@CryptoWorldTina

​​#SXP

Scalping SXP bounce.

@CryptoWorldTina

Binance
#BAT/BTC Take-Profit target 3 ✅
Profit: 25.1397% 📈
Period: 12 Days 7 Hours 46 Minutes ⏰

⁠Former Florida Tax Collector Used Public Funds for Blockchain Company

A different kind of scam.

@CryptoWorldTina

​​#OMG

OMG was crazy today. Almost 60% growth in 24H. Wouldn't recommend to buy here.

@CryptoWorldTina

​​Bitcoin graph pattern called 'fuck you all'

@CryptoWorldTina

​​#XLM

XLM at important resistance level. Actually it made higher high already, so this bullish chart has ice potential for continuation. The only question is from where to enter. Either 955-965 support re-test or lower at 900.

Next target 1036 - 1086

@CryptoWorldTina

​​BTC & ALTCOINS

The only thing we can say about this P&D on Bitcoin is how it affects altcoins. Try to imagine could happen on altcoin market if this pump would have the end at $12500 or $13000.

Let’s hope that the $12100 level won’t be broken soon and the season will continue. However, be ready to take some losses when the season ends.

@CryptoWorldTina

​​BTC update

We are very close to breaking out of this Ascending Triangle

A pullback to 11.7k would be a good buying opportunity, but 0.382 Fib must hold. Any sort of a closure below 11.6k would be the first warning flag

Ultimate breakout target is 13k

The weekly timeframe is pointing to even higher prices since there is nothing on VPVR above 12k, it’s like open space, but let BTC break out and sustain it first

@CryptoWorldTina

​​BTC

As it was said in the previous post, the recent dump of $BTC was caused by the $SPX. At the moment the price of Bitcoin has already returned above the $12000 level.

The last thing for being calm is the level of $12100. As soon as the price come above this level, we will be confident in upward scenario.

@CryptoWorldTina

​​At $12,000 Bitcoin breakout was just a fakeout. Another test in the region of $11,600 - $11,700 to fill the CME gap will probably be made.

However, if we break the local high again it would be a mega bullish sign.

@CryptoWorldTina

​​#BTC weekly update

Last week was the first weekly candle that opened and closed fully above the Major Horizontal Resistance

📈This week we are going even higher and I believe the macro target (1.618 Fib extension) will be hit

We are currently above the last of those relatively high volume nodes on VPVR. There is nothing above

@CryptoWorldTina

​​#OMG

Another good coin is OMG, which was mentioned earlier today. Already made 37% since yesterday's reversal. Huge volume indicate it have reached the top and will pullback now (more or less depends on market and BTC)

@CryptoWorldTina

​​If you don’t have a system in place which you follow to enter every trade then you’re in a worse off position than you believe.

A system allows you to determine easily what a “good” trade is and whether it is worth executing.

This will ultimately increase your win rate as you won’t be placing trades based on emotion, just pure analysis and a set of rules...

@CryptWorldTina #education #tradingsystems

​​4 Reasons Why Bitcoin’s Price Hike Beats Every Other Asset Class - Report

With the price of bitcoin (BTC) rising by more than 71% (Tuesday 14:00 UTC) since the beginning of this year, a recent analysis points to four factors which have allowed the cryptocurrency to generate a return that beats out every other asset class' performance.

The primary drivers that have pushed up the price of bitcoin can be summed up in the following manner, according to the analysis by crypto resource news site Bitrawr:

1. Money Printer Go Brrrr
During the previous global crisis that started in 2008, the U.S. Federal Reserve launched a scheme called Quantitative Easing under which it injected some USD 3.9 trillion in the U.S. economy until October 2014.

The “QE policies launched in the wake of the COVID crises are more significant in both scale and scope when compared to the previous rounds,” the analysis stated, adding that this time, the Fed has vowed to inject virtually unlimited funds to kickstart the economy, and move its focus away from Treasury bonds.

Learn more:
Fiat Money Printer 'Goes BRRR,' Is It a Time To Sell All Cash For Bitcoin?
How BRRRing Money Printers Today Might Lead to Higher Taxes Tomorrow

2. Citizens in Emerging Markets Are Fleeing Failing Fiat
The U.S. dollar continues to serve as the dominant currency of the global trade, but many local currencies worldwide are increasingly seen by their countries’ populations as unsafe and wobbly assets, encouraging a move toward crypto. This is particularly observed in countries such as Venezuela and Zimbabwe where hyperinflation is devouring citizens’ savings.

Learn more:
Argentina, Venezuela Seek Crypto-powered Solution to Economic Despair
Washington Warned: Launch Digital Fiat or Say Goodbye to USD Dominance

3. Bitcoin’s Institutional Adoption is Rising, Even Amongst Ex-Haters
Institutional investors are rapidly changing their approach to crypto, as exemplified by the recently revealed list of 20 financial industry players that invested in the Grayscale Bitcoin Trust (GBTC). These include some of the leading mutual funds such as Boston Private Wealth, Ark Investment Management, and Horizon Kinetics, which have more than USD 23bn in aggregate funds.

Learn more:
These Two Institutional Investors Allocated At Least 1% To Bitcoin
Institutional Investors Set for Herd-like Move to BTC, Says Kraken CEO

4. Bitcoin Mining Economics Are Pushing The Network to Efficiency
Bitcoin mining is designed in a way which pushes out inefficient miners, driving the system towards more efficiency and cheap electricity, “constantly adjusting in order to make sure that the network is producing a new block every 10 minutes,” according to the analysis.

“Currently, the entire Bitcoin network is performing 100 exahashes a second, which translates to 1020 hashes, or ‘guesses’, each second,” the analysis stated. "The fact that Bitcoin’s hash rate is so gigantic is not a mathematical curiosity, it is an essential component of the network’s security. To date, the world’s most powerful supercomputer is the Japanese Fugaku, with more than 7 million cores, and a power of 415.53 petaflops. Comparatively, the entire Bitcoin network is 194 thousand times more powerful than Fugaku."

@CryptoWorldTina

​​Additional NEAR Protocol sale has begun on CoinList.
A number of users will be able to buy up to 3000 tokens (guaranteed allocation) with linear unlocking for 1 or 2 years at $ 0.34 or $ 0.29, respectively.

@CryptoWorldTina