We are back from Vacation People! 🏝10 Days without Trading after our Whitecoin (XWC) signal made more than x3 (244% Profit)

A lot of private messages remained unanswered and will be answered during the next 24 Hours!

Also we own you some fresh Signals and Updates on the general market Situation, we will also deliver that during the next Day!

Stay tuned 😘

🔥Update Bitcoin - BTC/USD🔥

BTC 24 hour trading volume is currently leveled around 5.1 billion USD. Both the price action and volume bounce over the past 48 hours has been reassuring, however volume is still trending far below the 30 day average.

We have been discussing the symmetrical triangle chart pattern that has been in the process of being printed by Bitcoin’s price action since early February.

The price range we considered for a bounce was resting on the bottom support of this symmetrical triangle. If this bounce holds, it could be a truly positive indicator for the market as a whole as this will be the second time Bitcoin has printed a higher low since the $5900 capitulation price in early February📉

Although yesterday’s bounce gives us confidence, affirms our prediction, and we placed long orders in our target as planned, most of our analysts have a portfolio percentage of fiat, still sidelined from before. We’re targetting $7750 as a key resistance👌

Remeber, we’re still in a bearish symmetrical triangle pattern. Until we break out above it, we’re cautious and managing risk more tightly.

Another interesting development we have been discussing as a team, is the strange coordination of price action around the ‘6th’ of every month🤔

Since January, extreme volatility has occurred in every subsequent month on the 6th which has led to a reversal in the trend of Bitcoin’s price from the direction it was moving in prior to the 6th.

With a harsh decline in price over the course of the past two weeks, ‘June 6th’ has started to become a looming chance for a reversal of the same magnitude that has occurred historically for 6 months consecutively.

We will keep you updated as our study of this trend continues for possible reasonings for this strange occurrence.

The next 24 hours should provide a fairly clear two-week outlook of what we can expect from the crypto markets in the short term. We will keep you updated 📈📉😎

🚨Breaking: Bittrex to Accept Fiat Trading🚨

The Seattle-based cryptocurrency exchange Bittrex Inc. announced today that it has structured banking deals that will provide select customers the ability to trade in U.S. dollars – a step that may help the exchange increase its user engagement and enhance the entire space.🙌🏻

The agreements will allow corporate clients in Washington, New York, and Montana buy virtual currencies in U.S. dollars.

Bittrex is networking with Signature Bank, a full-service New York-based bank, and other financial firms. Signature Bank will possess the dollar-denominated funds.

Bill Sharia, CEO of Bittrex, proclaimed: “It has been a long path; It is not just about bank being able to trust Bittrex, but also about banks being able to trust crypto in general, and I think it is really showing that crypto is turning the corner in terms of mainstream acceptance.”

Bittrex will launch fiat trading today for Bitcoin, Tether, and TrueUSD. The corporate customers within the aforementioned states (Washington, New York, and Montana) will only have access to the fiat trading due to regulations.

This news demonstrates the growing acceptance of crypto currency. With banks slowly, but surely, accepting digital currencies, as made apparent with CoinBase and now Bittrex, we cannot help but stand optimistic for the future. 🐳

To learn more of this news, read Bloomberg’s coverage here: https://www.bloomberg.com/news/articles/2018-05-31/bittrex-gets-bank-agreement-to-help-you-buy-bitcoin-with-dollars

🇨🇳 China's President Endorses Blockchain 🇨🇳

In other news, the Chinese President, Xi Jinping, spoke to an audience at an annual academic conference hosted by the Chinese Academy of Sciences on Monday. Xi had high praise and foresight when addressing emerging blockchain technologies and how this will revolutionize the current economic structure of the world (See direct quote below).

Xi's comments are a reaffirmation of our opinions on how the Republic of China will proceed in terms of their acceptance of blockchain and crypto moving forward. Historically, the Chinese have permitted disrupting technology to operate within their borders but have always done their best to provide 'home-grown' services to utilize the tech at hand.

We believe this will be the case moving forward as they will start to posture certain cryptos and blockchain companies as the ones that their government supports and then in turn receives the national media attention needed to grow and foster the strength of the industry within Chinese borders.

Despite the certain level of control that China will continue to enforce upon this emerging asset class, the clear sign of approval from their president has us excited for the future of this space, as it is transparent that the world is rallying behind crypto and blockchain, each in their own unique ways👍

⬆️ Bitcoin on its way to Mainstream 😍

🙏 Are ALTs Safe? 🙏

We have been working on a few scenarios over the past week for what we expect will be the result of the current market consolidation.

☝️One that we have contemplated, is continuing to validate itself with each passing day. As always in trading, we are taking a read and react approach but our goal is to consistently share with you our mindset and strategy. This is the market hypothesis that our team is choosing to take based on the state of the market.

Right now, one thing is abundantly clear, ALTs are following Bitcoin. We think this will hold true at least until $BTC breaks up, out of the symmetrical triangle pattern it’s in. For that reason, when determining if we should hold our positions, we put most of the weight on what we think Bitcoin will do👌

👨‍💻Looking at the past 7 days, Bitcoin’s price action has had the lowest standard deviation since April 5th-12th. Prior to this past week and the seven days beginning on April 5th, Bitcoin has not experienced a lower weekly standard deviation, than these two sets of time, in well over six months.

So how can we interpret this?🤔

Traditionally, when price action of liquid assets begins to decrease in volatility over time (especially in our experience with trading cryptos) it means that strong accumulation is taking place anytime we approach clear bottom support. The honest truth is that the markets we operate in have players that can manipulate prices in order to achieve the positions they are searching for.

Recently, an almost comical ‘charting pattern’ has been used to describe the decreased volatility and choppy nature of Bitcoin’s price. ‘Barting’, which references the hair and head Bart Simpson, has been how a lot of traders have addressed what the price of $BTC has done in the past week.

Although the price of $BTC has stayed range bound from $7100-$7650, clear accumulation is visible when viewing how the price has fluctuated. There have been multiple 4 hour timeframes where the price fluctuates less than 0.25%, but also 30 minute windows where we have seen $200 price swings. These aggressive moves are then accompanied by long periods of low volatility which points to accumulation and high frequency algorithmic trading (bot trades)🤖

The last time Bitcoin pressured support on the symmetrical triangle was during the consolidation we saw during the first two weeks of April around the $6800 levels.

The question we need to answer is how does this behavior influence our allocation decisions.

We’re predicting there will be anywhere from 3-5 more days of accumulation and then fresh volume will enter the space in order to drive prices to profitable levels for those who are entrants now.

Because of this, we are comfortable holding the mid/long term ALT positions we’ve built, we’re becoming more agressive searching for fresh entries, and we’re holding the long we opened around $7100 as targetted on our TA💰

Regardless of what happens, we’re also prepared should we be wrong. If BTC begins to lose support at $7k, we’ll be watching the important $6800 level as a breaking point.

We hope you have a great Saturday! Cheers 🍻🙏

🌎Global Adoption of Blockchain Technology 🌏

For global adoption to occur, world leaders must drop their fears of the technological revolution we are experiencing and embrace the powers of Blockchain technology. A technological revolution, in case you are curious, is when one technology is replaced by another technology, generally one that is more superior. In this case, Blockchain technology is gradually replacing Information Technologies and data storage devices, but from a grand scale, Blockchain technology is likely to replace far more technologies going forward.

On April 20th of this year, the European Union (EU) Blockchain Partnership, comprised of 24 EU member states, was established with plans to improve dialogue across Europe for creating Blockchain technology. A partnership to this degree clearly illustrates the growing important, and demand for, Blockchain technology, but sadly this news has essentially gone unnoticed - which is a complete shame.

However, today, to bring light on this magnificent accomplishment, Denmark has declared that it has also joined the EU Blockchain Partnership. Brian Mikkelsen, the Danish Minister for Industry, Business and Financial Affairs, said: “Denmark will be the first country in the world [to] use blockchain technology to register ships in the Danish ship registers.” Therefore, currently in effect, Denmark plans to integrate the various features of Blockchain into all its commercial ships, which is likely a means to improve its supply chain logistics and much more.

Today’s announcement, and the development of the EU Blockchain Partnership, express the unwavering support much of the global powers have for Blockchain technology integration. Soon enough, all major powers in the world, such as the United States and China, will adopt similar schemes to ensure further integration of the tech occurs, and when they do, you can rest assured, we will be ready.

📊Going Green📊

For the second straight day, the market is flush with an ever-pleasing color: green. Bitcoin, at the time of writing, is $7,634, a 2.07% increase over the past 24 hours. Ethereum is sitting comfortably at $609.21, a 2.51% increase from its value 24 hours ago. 📈

Stablitiy in the market, should it continue, will fortify the positive sentiment and prepare the community for more grand days, but let’s not get ahead of ourselves, because any bad news could spark a firestorm, thereby regressing us to the darkest days of 2018. 🌑

But what could be the key reasons for the limited volatility and apparent consolidation over the last few days, or even week? There must be news providing reason for this, correct? In fact, there are. 🙌

Sometime this week, Steve Wozniak, Apple co-founder, expressed his views on Bitcoin at the Money 20/20 conference in Amsterdam, stating: “Only Bitcoin is pure digital gold.” His remarks are nearly identical to that of Jack Dorsey, the CEO of Twitter. Dorsey, who is an unquestioned supporter of digital currency, has said: “Bitcoin will become a global currency in the next ten years.” 🚀

Profound mentions of Bitcoin by two of the world’s most well-known figures could be responsible for much of what we are seeing this week. This is entirely subjective, of course, but it allows us to generate reasoning, which we will happily take. 👌

What else, though, could be the impetus behind the market’s state? Clearly more positive sentiment is in the news, but which is most impactful, strong enough to drive confidence in the market? Frankly, a strong foundation is derived from the basis of more European nations entering the EU Blockchain Partnership, China’s president expressing his good-will towards digital currencies and Blockchain, Visa being down, and authorities in Upstate New York officially allowing Bitcoin mining. 👏

Compounding all the factors from the last week create an ideal situation for the market, therefore we cannot definitively say one situation is responsible, but, instead, we state that an aggregate weight of each occurrence, within this short period of time, is likely the fortifying reason behind this period of stability.

🚨Bitcoin Update🚨


Hello everyone,

The current price of Bitcoin is $7600 USD with 24 hour trading volumes around 4.29 billion USD. In our opinion, all $BTC needs at this point is a slight uptick in volume to send Bitcoin’s price above $7800. If this occurs, we will then be eyeing the upper $8000’s (8700-8900) for the next major resistance point as it is the price point that meets the descending angle of the symmetrical triangle our team has been speaking about for weeks.
📈

One interesting thing to note about $BTC’s 24 hour volume is the consolidation that is taking place. Here are the 24hr trading volumes from the past four days:
⏳

As you can see, the standard deviation for 24 hour trading volume over the past eight days is minimal. This points towards selling pressure diminishing and buyers are now catching their ‘price of interest’ with their own volume which is stabilizing the crypto markets.

As we highlighted the other day, our favorite color green has started to poke its head out again. We have been mentioning for well over a week that we have been taking fresh positions in alts and at this point, that decision has been profitable.💰

For now, the SignalSector team is holding about 70% crypto and 30% fiat, on average. That is a fairly high crypto allocation even for our team, but we do believe that Bitcoin will retest the upper resistance of the symmetrical triangle (@8700-8900) which should make the entire market profitable.
☘ 🐲 🌎

We will begin to be discouraged if Bitcoin’s price fails to break $7800 over the course of the next 48 hours. The weekends bring low volume which will force us to reduce our exposure due to the current market uncertainty.
At this point, $7200 will provide some support, but if Bitcoin breaks in that direction, expect $6800 as the next region of support. Our team will be extremely discouraged and will most likely return to net short positions if $7200 is not held because that will invalidate the ‘higher lows’ Bitcoin has been making since early February.
📉

Keep a close eye out! We will update as things progress. 👊

📉A Life in Crypto📈

Hello everyone,

The price of Bitcoin is currently $6735, with 24 hour trading volumes around 5.7 billion USD. Over the weekend $BTC’s price dropped by nearly 12%. Volume has picked up, but this is mostly derived from many investors/traders attempting to liquidate their holdings as the market has plunged.

In the past few weeks, we have been as deliberate as possible while sharing our strategy with you all. We liked the consolidation that was occuring in the mid-$7000’s and decided to take some entries and reallocate our exposure. That being said, we continually highlighted the disapringly low levels of volume and discussed what our exit points would be in case the market continued to turn south. Many of our analysts signaled $7200 as their point of reducing exposure or turning net short, while others highlighted $6800 which has also been broken.

An aggregated estimate of our analysts exposure has us, on average, represented with 70% fiat and 30% crypto. While common technical analysis tools are indicating that Bitcoin is due for a bounce, it is hard to rely on those currently as sentiment across the cryptocurrency ecosystem is overwhelmingly bearish due to recent developments.

The explanation of the mass capitulation witnessed in the market this weekend cannot be, as we always suggest, linked to one specific event, although some occurrences hold more weight than others - such as when China cracked down on cryptocurrency trading last year. Active members in the space during that time understand the gravitas, or seriousness, of China’s involvement in the cryptosphere prior to its exit, which is why its departure was felt far and wide. 🌏

Nonetheless, the prodigious fall in the market this weekend was not a fault of a nation abandoning the market; instead, it fell due to media coverage of Coinrail being hacked and fears of potential market manipulation by four exchanges.

With respect to the media coverage, let us paint a picture for you: Coinrail, a small exchange literally ranked 100th in trading volume was hacked. The hack itself is unsettling, but the heist itself resulted in a total loss of $40 to $46 million. Yes, the fact of losing around $40 million dollars is hard to swallow, but much larger hacks have occurred and, therefore, the theft of $40 million dollars from an exchange used by less than a percent of the community would not send the market into a frenzy of mass panic. It certainly does not provide peace-of-mind, though.

A more pressing issue within the space is that U.S. regulators launched a probe into four United States-based exchanges this weekend: Coinbase, BitStamp, itBIT, and Kraken. The investigation is to unearth as to whether any market manipulation has occurred within the preceding exchanges, which are used by the Chicago Mercantile Exchange to derive its value for Bitcoin futures. An investigation of this extent is, hands down, the leading case behind the capitulation of this past weekend.

With the probe ongoing, we will continue to gather intel to successfully maintain a grasp on what unfolds. Rest assured, any updates in this investigation will likely send the market rapidly up, or down. Stay tuned.

🌏Steps Towards Global Adoption 🌏

The promotion of global success begins with a foundational instrument: education. 📒Your ability to read this text and communicate with those around you, unequivocally, are resultant of your years of education, through whichever format you were granted.

There is little doubt encompassing the importance of educating the world, which is made evident in the perpetual demand for educational reform and ensuring all global citizens, rich and poor, receive an education. Stemming off this, comes the monumental push by the United Kingdom, which has delivered instructions (education) to banks on how to manage problems common with trading and investing in cryptocurrencies, or crypto assets. The UK’s Financial Conduct Authority (FCA) is orchestrating the initiative. ✍️

The FCA suggests banks implement a series of approaches, penned as “good practices”, to circumvent the negative effects often endured by crypto traders and investors. The suggestion also hopes to deter criminal activity. Furthermore, coupled with the previous information comes the FCA’s encouraging of banks to educate their employees on the cryptosphere. The idea, and a good one at that, is to create an environment in which bank employees can identify risks in crypto assets and converse with clients involved in crypto-related business. This structure would prove invaluable to the promotion of this space, as consumers would have trusted members to speak with, in-person, about their dealings in the space in addition to receiving well-designed steps to maintain safe practices while dealing with cryptocurrencies - an unquestioned demand across the space.

In addition to the United Kingdom’s announcement comes Ireland’s plan to become a global Blockchain hub. 🇮🇪 The plan, led by IDA Ireland, a governmental entity accountable for acquiring foreign direct investment (FDI), is to promulgate Blockchain investment and development across the country. The project itself is “Blockchain Ireland”, and it hopes to attract international Blockchain companies to Ireland by several promotional advertisements that, if successful, illustrate Ireland as an ideal location for all Blockchain-related dealings.

The announcements of the European Union Blockchain Partnership and the United Kingdom’s steps to achieve a more Blockchain savvy and cryptocurrency educated population are profound. 💪These partnerships and strategies are exactly what we have demanded for years, for when large governing bodies such as the EU and UK proclaim their faith in the cryptosphere, we take another step towards mass-market-adoption - a goal we fervently await for. 🙌

🚨Tether Investigation and More🚨

What is to be said aside from the obvious: Fear, Uncertainty, and Doubt (FUD) have sparked one of the largest mass capitulations of 2018 and, arguably, ever. Prices continue to fall, and investors and traders alike are not sure how to handle this. Buying the dip has clearly resulted in catching falling knives, figuratively disfiguring the hands of the purchasers. HODLers are bleeding out, with every passing minute causing greater strife. These obvious situations further exacerbate the already unsettling issue, forcing more consumers to sell their positions. 📉

Within the past 24 hours, coins across the market have fallen anywhere from 10 percent to over 20 percent. Nearly every top ten coin is down by 10 to 15 percent, and no buffer appears in sight. Since June 1st, Bitcoin is down an astounding 25%, with its current price at $6,488. Ethereum, the highest market cap alternative coin, is down over 30% this month, as it is now trading at around $474.

Twenty four hour volume is around 4.7 billion USD, which is approaching the lows from the past 60 days. The price of Bitcoin wicked down to the mid $6300’s which is a new 90 day low. Prices haven’t reached that level since the violent move down in early February where we bottomed at $5900.

The majority of our team has sidelined their crypto for the time being into fiat and Tether. The rest of our crypto we are hedging via shorts on $BTC and $ETH. This is purely an investing decision. We, of course, believe in the long-term prospects of this industry and technology, but we want to preserve our capital to accumulate cryptos at lower prices.

Although $BTC is holding for the meantime in the $6400 range, we see further downside and, at this point, are eyeing a re-entry over the course of the next 30-60 days in the $3600-$5000. If those levels are reached, the retrace will extend to the same region as the crypto collapse of 2014 following the Mt. Gox hack. After those price levels are reached, we expect major consolidation.

A recent study done by two men from the university of Texas indicates that Tether is the reason that Bitcoin was able to reach such high prices and sustain minor dips in the Fall. This is, frankly, beating a dead horse with a stick, in our opinion. Using circumstantial evidence to propagate claims is something we are unaccustomed to witnessing in traditional markets and now crypto as well.

Of course Tether was spent during the bull run in the Fall - the only purpose of Tether in a bull run is to buy more crypto at opportune prices. We do not believe fraudulent behavior was being conducted by Tether or Bitfinex, rather no-coiners are still trying to explain to themselves the reasoning behind the 2017 crypto surge in the first place.

The signal we are now looking for in terms of sentiment, is no longer the fear of prices continuing to go down, but the apathy towards a slow moving market that should consolidate for months on end.

We will be here throughout this entire process and will continue to give you our opinion as the market provides us with more clues as to where we are headed next.