📯 It is October 13th, 2018
📯 BTC dominance is currently at 53.9% (-0.9%). The total market capis currently at $201.9 billion (+ $3.9 billion). The market volume of the last 24h was $11.9 billion (- $3.2 billion).
📯 Hello gentlemen, this is our analysis for today.
📯 Fundamental analysis
- South Korean Financial Regulator Reaffirms Negative Stance on ICOs and Crypto
https://cointelegraph.com/news/south-korean-financial-regulator-reaffirms-negative-stance-on-icos-and-crypto
- CFTC Chair Giancarlo Says Institutional Investors Will Help Crypto 'Mature'
https://www.coindesk.com/cftc-chair-giancarlo-says-institutional-investors-will-help-crypto-mature/
TRON’s CEO Tweets of Forthcoming Partnership With ‘Industry Giant’ Valued at ‘$10s of Billions’
https://cointelegraph.com/news/trons-ceo-tweets-of-forthcoming-partnership-with-industry-giant-valued-at-10s-of-billions
📯 Technical analysis :
BTC nearing a point of breaking out on the long term.
Falling wedge suggests, it should be upside breakout.
📯 Bitcoin, the largest cryptocurrency by market capitalisation and defacto King of the crypto world, has been trading in a broad range of $6,000-$7,000 for past many weeks and is now reaching a point where it is potentially make or break for the bulls.
📯 BTC/USD is down one cent of a percent at $6,185 in less than one percent range for the day, in a sign of lower weekend volatility. After falling from the upper end of the range, which is also a descending trendline resistance, BTC is now heading towards lower end of it – around $6000
📯 This wedge formation, although has failed many times in the past, could be one positive trigger that the bulls were searching for. If bulls manage to bounce from the lower end of this range, then the next move on the upside should result into a breakout with potential targets of beyond $12,000 in the next few months
📯 BTC dominance is currently at 53.9% (-0.9%). The total market capis currently at $201.9 billion (+ $3.9 billion). The market volume of the last 24h was $11.9 billion (- $3.2 billion).
📯 Hello gentlemen, this is our analysis for today.
📯 Fundamental analysis
- South Korean Financial Regulator Reaffirms Negative Stance on ICOs and Crypto
https://cointelegraph.com/news/south-korean-financial-regulator-reaffirms-negative-stance-on-icos-and-crypto
- CFTC Chair Giancarlo Says Institutional Investors Will Help Crypto 'Mature'
https://www.coindesk.com/cftc-chair-giancarlo-says-institutional-investors-will-help-crypto-mature/
TRON’s CEO Tweets of Forthcoming Partnership With ‘Industry Giant’ Valued at ‘$10s of Billions’
https://cointelegraph.com/news/trons-ceo-tweets-of-forthcoming-partnership-with-industry-giant-valued-at-10s-of-billions
📯 Technical analysis :
BTC nearing a point of breaking out on the long term.
Falling wedge suggests, it should be upside breakout.
📯 Bitcoin, the largest cryptocurrency by market capitalisation and defacto King of the crypto world, has been trading in a broad range of $6,000-$7,000 for past many weeks and is now reaching a point where it is potentially make or break for the bulls.
📯 BTC/USD is down one cent of a percent at $6,185 in less than one percent range for the day, in a sign of lower weekend volatility. After falling from the upper end of the range, which is also a descending trendline resistance, BTC is now heading towards lower end of it – around $6000
📯 This wedge formation, although has failed many times in the past, could be one positive trigger that the bulls were searching for. If bulls manage to bounce from the lower end of this range, then the next move on the upside should result into a breakout with potential targets of beyond $12,000 in the next few months
Cointelegraph
South Korean Financial Regulator Reaffirms Negative Stance on ICOs and Crypto
A top Korean financial regulator has reiterated his negative position on ICOs and digital currencies, though he does not deny the potential of blockchain.
📯All eyes on the market ! Our opinion is that a huge bull run is coming ! But the lower btc falls the bigger the run will be 😀
MCP🪩Extras FREE
📯 #TRX is dumping ! It crossed its first target easily ! current price : 358 +90% until now with *20 📯For more and better signals join our vip room💰 for joining contact @paradisetrader If you will not be satisfied we guarantee payback 😎
📯2nd target reached✅
📯117% profit for you guys with *20 leverage !!
📯Enjoy the profit.
📯For more and better signals join our vip paradise bitmex room💰 contact our agent @paradisetrader for more info.
📯Have a nice day bitmexians, stay tuned for new signal 💪🤑
📯117% profit for you guys with *20 leverage !!
📯Enjoy the profit.
📯For more and better signals join our vip paradise bitmex room💰 contact our agent @paradisetrader for more info.
📯Have a nice day bitmexians, stay tuned for new signal 💪🤑
📯#LTC long
📯Buy between 829 and 832
📯Stop loss: 794
📯Target 1: 838
📯Target 2: 844
📯Target 3: 850
📯Leverage 20
📯Buy between 829 and 832
📯Stop loss: 794
📯Target 1: 838
📯Target 2: 844
📯Target 3: 850
📯Leverage 20
MCP🪩Extras FREE
📯#LTC long 📯Buy between 829 and 832 📯Stop loss: 794 📯Target 1: 838 📯Target 2: 844 📯Target 3: 850 📯Leverage 20
📯3rd target reached !
current price is 863 💰
+85% 😊
current price is 863 💰
+85% 😊
If btc stays above 6550 on GDAX, Bitstamp then market will be start a new cycle.It will fetch out the long accumulation amd we might not see pullbacks further
📯Yesterday’s big bounce has been sustained today and markets are holding their gains at the moment. The rally added over $20 billion into crypto markets initially however a pullback has seen levels drop a little. Total market capitalization is currently over $210 billion.
Bitcoin has retreated a little from its daily high of almost $7,000 and is currently trading at $6,650 – the level it remained at for so long previously. BTC trade volume which exceeded $7 billion on the day has pulled back to $5.8 billion which is still almost double the $3 billion it was at 48 hours ago. Ethereum has dropped back 2% to trade at just over $210, showing a similar pattern to Bitcoin.
Altcoins are a mixed bunch this morning with some pulling back and others continuing to gain. In the top ten XRP and Stellar are in the green by a percent or two, the rest have declined by a similar amount. Following a day of Tether being the only coin in the red, USDT is clawing back its peg as it approaches a dollar again. It is currently trading at $0.975 according to Coinmarketcap.
Take it easy and smooth gentlemen, yours paradise team💸
Bitcoin has retreated a little from its daily high of almost $7,000 and is currently trading at $6,650 – the level it remained at for so long previously. BTC trade volume which exceeded $7 billion on the day has pulled back to $5.8 billion which is still almost double the $3 billion it was at 48 hours ago. Ethereum has dropped back 2% to trade at just over $210, showing a similar pattern to Bitcoin.
Altcoins are a mixed bunch this morning with some pulling back and others continuing to gain. In the top ten XRP and Stellar are in the green by a percent or two, the rest have declined by a similar amount. Following a day of Tether being the only coin in the red, USDT is clawing back its peg as it approaches a dollar again. It is currently trading at $0.975 according to Coinmarketcap.
Take it easy and smooth gentlemen, yours paradise team💸
MCP🪩Extras FREE
📯#EOS long 📯Buy around 8255 📯Stop loss: 8100 📯Target 1: 8275 📯Target 2: 8310 📯Target 3: 8360 📯Leverage 20
📯 2nd target crossed !
The price hit 8320 👍
+16% until now 🤑
The price hit 8320 👍
+16% until now 🤑
📯#LTC long
📯Buy around 825
📯Stop loss: 800
📯Target 1: 835
📯Target 2: 842
📯Target 3: 850
📯Leverage *10 or *20
📯Buy around 825
📯Stop loss: 800
📯Target 1: 835
📯Target 2: 842
📯Target 3: 850
📯Leverage *10 or *20
MCP🪩Extras FREE
📯#BCH long 📯Buy around 702-703 📯Stop loss: 675 📯Target 1: 706 📯Target 2: 711 📯Target 3: 720 📯Leverage 20
📯 1st target reached !
Hit 708 !
+17% 👍
Hit 708 !
+17% 👍
MCP🪩Extras FREE
📯#LTC long 📯Buy around 825 📯Stop loss: 800 📯Target 1: 835 📯Target 2: 842 📯Target 3: 850 📯Leverage *10 or *20
📯 1st target reached !
The price hit 835 👍
+24% until now 🤑
The price hit 835 👍
+24% until now 🤑
MCP🪩Extras FREE
📯#TRX SHORT 📯Buy around 385 📯Stop loss: 401 📯Target 1: 381 📯Target 2: 376 📯Target 3: 371 📯Leverage 20
📯Hit 381 !
First target reached
+20%
First target reached
+20%
BTC dominance is currently at 53.7% (-0.1%). The total market cap is currently at $211.2 (- $1.0 billion). The market volume of the last 24h was $12.3 (+ $0.2 billion).
📯Bitcoin recently formed a flag consolidation pattern after its sharp rally and fade from the triangle top. This is often seen as a bullish continuation signal, with an upside break possibly leading to a climb that’s the same height as the flag’s mast.
The 100 SMA is crossing above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. In other words, resistance is more likely to break than to hold. If that happens, price could be in for a longer-term rally that’s roughly the same height as the descending triangle pattern.
However, stochastic is already dipping into the overbought region to reflect exhaustion among buyers. Turning lower could bring a return in selling pressure which might drag bitcoin back to the bottom of its triangle. RSI is starting to move higher after previously treading sideways, also reflecting a pickup in
Bitcoin recently formed a flag consolidation pattern after its sharp rally and fade from the triangle top. This is often seen as a bullish continuation signal, with an upside break possibly leading to a climb that’s the same height as the flag’s mast.
The 100 SMA is crossing above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. In other words, resistance is more likely to break than to hold. If that happens, price could be in for a longer-term rally that’s roughly the same height as the descending triangle pattern.
However, stochastic is already dipping into the overbought region to reflect exhaustion among buyers. Turning lower could bring a return in selling pressure which might drag bitcoin back to the bottom of its triangle. RSI is starting to move higher after previously treading sideways, also reflecting a pickup in bullish pressure.
Many are hopeful that this upside break could be enough to sustain a rebound in bitcoin until the end of the year. After all, the gains are supported by fundamental factors, particularly the launch of Fidelity’s institutional platform for bitcoin and ethereum.
This would enable large funds to put money in the space, likely driving up demand and volumes then lifting prices. Retail investors could join in for fear of missing out any big moves, and analysts are also pointing out how this price pattern was seen back in 2014 before price skyrocketed over the next couple of years.
Risk sentiment in the financial markets has flipped back and forth, which is making the situation a tad more complicated for investors, but it appears that another round of positive updates could be enough to give the breakout a stronger kick. Still, there is some uncertainty when it comes to regulatory action, particularly the SEC’s decision on bitcoin ETF applications which many are still waiting for.
Take it easy and smooth gentlemen, yours paradise team 😎💸
📯Bitcoin recently formed a flag consolidation pattern after its sharp rally and fade from the triangle top. This is often seen as a bullish continuation signal, with an upside break possibly leading to a climb that’s the same height as the flag’s mast.
The 100 SMA is crossing above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. In other words, resistance is more likely to break than to hold. If that happens, price could be in for a longer-term rally that’s roughly the same height as the descending triangle pattern.
However, stochastic is already dipping into the overbought region to reflect exhaustion among buyers. Turning lower could bring a return in selling pressure which might drag bitcoin back to the bottom of its triangle. RSI is starting to move higher after previously treading sideways, also reflecting a pickup in
Bitcoin recently formed a flag consolidation pattern after its sharp rally and fade from the triangle top. This is often seen as a bullish continuation signal, with an upside break possibly leading to a climb that’s the same height as the flag’s mast.
The 100 SMA is crossing above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. In other words, resistance is more likely to break than to hold. If that happens, price could be in for a longer-term rally that’s roughly the same height as the descending triangle pattern.
However, stochastic is already dipping into the overbought region to reflect exhaustion among buyers. Turning lower could bring a return in selling pressure which might drag bitcoin back to the bottom of its triangle. RSI is starting to move higher after previously treading sideways, also reflecting a pickup in bullish pressure.
Many are hopeful that this upside break could be enough to sustain a rebound in bitcoin until the end of the year. After all, the gains are supported by fundamental factors, particularly the launch of Fidelity’s institutional platform for bitcoin and ethereum.
This would enable large funds to put money in the space, likely driving up demand and volumes then lifting prices. Retail investors could join in for fear of missing out any big moves, and analysts are also pointing out how this price pattern was seen back in 2014 before price skyrocketed over the next couple of years.
Risk sentiment in the financial markets has flipped back and forth, which is making the situation a tad more complicated for investors, but it appears that another round of positive updates could be enough to give the breakout a stronger kick. Still, there is some uncertainty when it comes to regulatory action, particularly the SEC’s decision on bitcoin ETF applications which many are still waiting for.
Take it easy and smooth gentlemen, yours paradise team 😎💸