Moore’s Law Indicates Bitcoin’s Price Could Hit $100,000 by 2021
Dennis Porto a Harvard University researcher predicts that Bitcoin could reach $100,000 by 2021.
📝 What is Moore’s Law?
Moore’s Law, named after Intel’s Co-Founder, Gorden Moore, refers to Moore’s 1965 finding that “the number of transistors per square inch on integrated circuits had doubled every year since their invention.” Essentially, Moore’s law demonstrates the exponential growth of technology and the rapid rate at which the technology market is expanding. Many emerging technologies have followed this path and Bitcoin will most likely do so. If Bitcoin’s price follows the ‘golden rule’ and doubles over time, this may drive the price up to $100,000 in 2021.
💸 This is a good reminder that despite the current downtrend, one shouldn’t focus too much on the short term. We should rather understand that Bitcoin is here to stay and we’re all going to see life-changing gains in the years to come. If you want to make the most out of this bear market, stay tuned and follow our updates.
Dennis Porto a Harvard University researcher predicts that Bitcoin could reach $100,000 by 2021.
📝 What is Moore’s Law?
Moore’s Law, named after Intel’s Co-Founder, Gorden Moore, refers to Moore’s 1965 finding that “the number of transistors per square inch on integrated circuits had doubled every year since their invention.” Essentially, Moore’s law demonstrates the exponential growth of technology and the rapid rate at which the technology market is expanding. Many emerging technologies have followed this path and Bitcoin will most likely do so. If Bitcoin’s price follows the ‘golden rule’ and doubles over time, this may drive the price up to $100,000 in 2021.
💸 This is a good reminder that despite the current downtrend, one shouldn’t focus too much on the short term. We should rather understand that Bitcoin is here to stay and we’re all going to see life-changing gains in the years to come. If you want to make the most out of this bear market, stay tuned and follow our updates.
#MARKET_UPDATE
BTC Dominance : 51.2% UP 0.3% in 24h. BTC dominance high for 2018 is right here. The trend remains your friend and has been since the last pivot point in May. 40% is the new long-term resistance.
Global Cap : $218B UP $3B in 24h. The new 2018 low was set this weekend at $207B. $300B upward resistance has been tested and failed multiple times in last month.
Dail Global Volume : $17.1B UP $5.2B in 24h.
The weekend for crypto got off to a bad start. And if you own alts, the carnage continued. If you own BTC, then you continued to cannibalize enough value from the alts to stay near the top of the recent trading range. We even had the largest mid-range doji candle l have ever seen for BTC yesterday. A red and green whale fighting on the open markets at the exact same time.
One other catalyst for BTC lately is a global reminder that a great use case is as a currency hedge. The existence of BTC and numerous exchanges with flat on/off ramps can turn anyone into a FOREX trader, or at least one that can hedge their own currency 24/7. The events in Turkey, and previously in Venezuela have shown this, but many of the short-termists who trade in and out of BTC needed a fresh reminder. Turkey matters. Volume over the weekend is so low that any positive catalyst like this can result in a bullish higher of the small money candles in between the whale candles.
BTC value is doing exactly what is should during an event like this. But will traders simply scalp 3 little profit, or finally be convinced that BTC is worth holding longer? As for alts, while one or two can rotate in and out of favor, and the other 97 in the Top 100 steadily lose value, it is impossible to know the right time to diversify a significant part of your portfolio back into alts.
BTC Dominance : 51.2% UP 0.3% in 24h. BTC dominance high for 2018 is right here. The trend remains your friend and has been since the last pivot point in May. 40% is the new long-term resistance.
Global Cap : $218B UP $3B in 24h. The new 2018 low was set this weekend at $207B. $300B upward resistance has been tested and failed multiple times in last month.
Dail Global Volume : $17.1B UP $5.2B in 24h.
The weekend for crypto got off to a bad start. And if you own alts, the carnage continued. If you own BTC, then you continued to cannibalize enough value from the alts to stay near the top of the recent trading range. We even had the largest mid-range doji candle l have ever seen for BTC yesterday. A red and green whale fighting on the open markets at the exact same time.
One other catalyst for BTC lately is a global reminder that a great use case is as a currency hedge. The existence of BTC and numerous exchanges with flat on/off ramps can turn anyone into a FOREX trader, or at least one that can hedge their own currency 24/7. The events in Turkey, and previously in Venezuela have shown this, but many of the short-termists who trade in and out of BTC needed a fresh reminder. Turkey matters. Volume over the weekend is so low that any positive catalyst like this can result in a bullish higher of the small money candles in between the whale candles.
BTC value is doing exactly what is should during an event like this. But will traders simply scalp 3 little profit, or finally be convinced that BTC is worth holding longer? As for alts, while one or two can rotate in and out of favor, and the other 97 in the Top 100 steadily lose value, it is impossible to know the right time to diversify a significant part of your portfolio back into alts.
💡Why ETF is so important?
Assume you are a billionaire & you own 100 Million dollars worth of bitcoin
- they can be hacked
- you can lose private keys
- exchange can be hacked
- wallet can be lost
- seeds can be lost
If you die, how do you transfer it to your relatives?
ETF solves this
In order to understand the effect of implementing ETF, let's take into account two facts:
- ETF is backed by physical BTC
- baskets contain 25 Bitcoin
This is what makes this so attractive, this ETF is not for typical retail investors - but favors those who are a wealthy.
Assume you are a billionaire & you own 100 Million dollars worth of bitcoin
- they can be hacked
- you can lose private keys
- exchange can be hacked
- wallet can be lost
- seeds can be lost
If you die, how do you transfer it to your relatives?
ETF solves this
In order to understand the effect of implementing ETF, let's take into account two facts:
- ETF is backed by physical BTC
- baskets contain 25 Bitcoin
This is what makes this so attractive, this ETF is not for typical retail investors - but favors those who are a wealthy.
#BTC Dump ‼
Current Support 6000 USD
Due to Massive Sell Offs, We Can Expect a Dig Down up to 5800-5700 on Today itself
Current Support 6000 USD
Due to Massive Sell Offs, We Can Expect a Dig Down up to 5800-5700 on Today itself
⚠️ BREAKING ⚠️
17,990 BTC has been moved to a singular Bitmex account
There is no telling what their intentions are yet a big move is almost guaranteed.
17,990 BTC has been moved to a singular Bitmex account
There is no telling what their intentions are yet a big move is almost guaranteed.
Tomorrow I am expecting a green day in Crypto.
Bitcoin wants to bounce based in my Technical Analysis but the question is if it will be just another temporary or a new sign of reversal so in the next 48 hrs Bitcoin needs a very strong 700-1000 dollar pump in a single candle to get out of this bearish area.
A slow growth can also happen but as we saw in the last weeks it is very unlikely .
Bitcoin wants to bounce based in my Technical Analysis but the question is if it will be just another temporary or a new sign of reversal so in the next 48 hrs Bitcoin needs a very strong 700-1000 dollar pump in a single candle to get out of this bearish area.
A slow growth can also happen but as we saw in the last weeks it is very unlikely .
BTC Dominance and MarketCap Relation ‼️
1. Increasing BTC dominance & Decreasing Marketcap -- ALTs Heavy Dump, BTC Down
2. Increasing BTC Dominance & Increasing Marketcap -- BTC Faster Growth, Alts 5-10% Changes..
3. Decreasing BTC Dominance and Decreasing Marketcap -- BTC dump & Alts 5-10% change
4. Decreasing BTC Dominance and Increasing Marketcap -- BTC uptrend and Alts pumps (Alts Party 🚀)
1. Increasing BTC dominance & Decreasing Marketcap -- ALTs Heavy Dump, BTC Down
2. Increasing BTC Dominance & Increasing Marketcap -- BTC Faster Growth, Alts 5-10% Changes..
3. Decreasing BTC Dominance and Decreasing Marketcap -- BTC dump & Alts 5-10% change
4. Decreasing BTC Dominance and Increasing Marketcap -- BTC uptrend and Alts pumps (Alts Party 🚀)
# BTC_UPDATE
Yesterday, the price of BTC pierced the support level of 5920.00 USD, setting a local minimum at 5880.00 USD. The annual minimum of 5774.72 USD has not been updated yet, but this level does not long remain to retain this title of antirecord. After the rebound from the local minimum, the price will touch the resistance level of 6425 USD.
▪️ Support :
5774 (annual minimum); 5920; 6100.
▪️ Resistance :
6425 (minimum of April 1);
6840; 7220; 7530; 7790; 8000; 8300; 8550; 8620; 8900; 9350.
Yesterday, the price of BTC pierced the support level of 5920.00 USD, setting a local minimum at 5880.00 USD. The annual minimum of 5774.72 USD has not been updated yet, but this level does not long remain to retain this title of antirecord. After the rebound from the local minimum, the price will touch the resistance level of 6425 USD.
▪️ Support :
5774 (annual minimum); 5920; 6100.
▪️ Resistance :
6425 (minimum of April 1);
6840; 7220; 7530; 7790; 8000; 8300; 8550; 8620; 8900; 9350.
Forwarded from VIP CS GOLD™
🔊 STRAT ( Binance/Bittrex )
Buy 210 - 225
Sell 250 - 300 - 350
❌ Stop Loss 200
Buy 210 - 225
Sell 250 - 300 - 350
❌ Stop Loss 200
Forwarded from VIP CS GOLD™
🔊 XEM
Buy 1600 - 1655
Sell 1755 - 2055 - 2355
❌ Stop Loss 1455
https://www.binance.com/trade.html?symbol=XEM_BTC
Buy 1600 - 1655
Sell 1755 - 2055 - 2355
❌ Stop Loss 1455
https://www.binance.com/trade.html?symbol=XEM_BTC
Basic Trading rules to remember
1. Buy After a Bullish Crossover
The short-term moving average (10-days) crosses below a longer-term one (21-day red line)
2. Sell After a Bearish Crossover
3. Buy When RSI is above 30 from below
4. Sell when RSI is going below 70 from above
5. Sell when BTC Breaks Below a Major Resistance Level
6. But when BTC breaks above a major resistance level
7. Take Profits Near Resistance
8. Buy When BTC price is going lower with Rising Volume.
9. Sell When BTC price is going Higher with Falling Volume
10. Short-sell the "Head and Shoulders"
11. Buy the "Inverse Head and Shoulders"
12. Short-sell the "Double Top"
13. Buy the "Double Bottom"
14. Buy the Ichimoku Breakout
15. Sell the Breakdown
16. Buy the "Golden Cross"
17. Sell the "Death Cross"
18. Sell the "Dead Cat Bounce"
Basic Position Trading Strategy
This is a trade for long term. You have to consider three conditions before initiate a buy order:
1. Use weekly chart and buy when the price crosses above a 50-week moving average from below.
2. Sell when a weekly candle closes below the 50-week moving average.
3. Setting a stop loss 5% below/above the moving average .
1. Buy After a Bullish Crossover
The short-term moving average (10-days) crosses below a longer-term one (21-day red line)
2. Sell After a Bearish Crossover
3. Buy When RSI is above 30 from below
4. Sell when RSI is going below 70 from above
5. Sell when BTC Breaks Below a Major Resistance Level
6. But when BTC breaks above a major resistance level
7. Take Profits Near Resistance
8. Buy When BTC price is going lower with Rising Volume.
9. Sell When BTC price is going Higher with Falling Volume
10. Short-sell the "Head and Shoulders"
11. Buy the "Inverse Head and Shoulders"
12. Short-sell the "Double Top"
13. Buy the "Double Bottom"
14. Buy the Ichimoku Breakout
15. Sell the Breakdown
16. Buy the "Golden Cross"
17. Sell the "Death Cross"
18. Sell the "Dead Cat Bounce"
Basic Position Trading Strategy
This is a trade for long term. You have to consider three conditions before initiate a buy order:
1. Use weekly chart and buy when the price crosses above a 50-week moving average from below.
2. Sell when a weekly candle closes below the 50-week moving average.
3. Setting a stop loss 5% below/above the moving average .
Forwarded from VIP CS GOLD™
🔊 NXS ( Binance/Bittrex )
Buy 1200 - 1300
Sell 1400 - 1600 - 1800
❌ Stop Loss 1100
Buy 1200 - 1300
Sell 1400 - 1600 - 1800
❌ Stop Loss 1100
#BTC Update
There is a big resistance at 6600$ break it maybe with a pump to 6900$ - 7000$
if this resistance not broken there will be another big dump !
There is a big resistance at 6600$ break it maybe with a pump to 6900$ - 7000$
if this resistance not broken there will be another big dump !
Just to alert you. I am closing my trades here and taking profits in my altcoins
Forwarded from VIP CS GOLD™
🔊 STEEM ( Binance)
Buy 14000 - 14500
Sell 15500 - 17500 - 25500
❌ Stop Loss 13500
Buy 14000 - 14500
Sell 15500 - 17500 - 25500
❌ Stop Loss 13500
ALTS want to recover as BTC on the go
We may see another green session this week ✌
We may see another green session this week ✌
Upcoming ETFs schedule :- 👇👇
#ProShares ETF - 23rd August 2018
#Bitwise ETF - 7th Seuptember 2018
#Direxion ETF - 21st September
#CBOE VanEck / SolidX ETF - 30th September .
Main ETF is of cboe which will announce on 30 september...👍👍👍
#ProShares ETF - 23rd August 2018
#Bitwise ETF - 7th Seuptember 2018
#Direxion ETF - 21st September
#CBOE VanEck / SolidX ETF - 30th September .
Main ETF is of cboe which will announce on 30 september...👍👍👍
❗️Analysis
💠 Hey guys on a shorter time frame (1hr chart) Bitcoin is looking bullish, as we are forming an ascending triangle formation so chances for a breakout.
📌 Rising prices will let the Altcoins grow higher.
📌 Growth from last few days is also looking healthy and stable so allover a good time to make money for us.
📌 Fib618 on 6790-6860 is our first retracement zone.
📌 If we break this level than next target would be between 7730-7590.
💠 Hey guys on a shorter time frame (1hr chart) Bitcoin is looking bullish, as we are forming an ascending triangle formation so chances for a breakout.
📌 Rising prices will let the Altcoins grow higher.
📌 Growth from last few days is also looking healthy and stable so allover a good time to make money for us.
📌 Fib618 on 6790-6860 is our first retracement zone.
📌 If we break this level than next target would be between 7730-7590.
The SEC Is Weighing a Bitcoin Futures ETF – Here's What That Means - CoinDesk
https://www.coindesk.com/sec-bitcoin-futures-etf/
https://www.coindesk.com/sec-bitcoin-futures-etf/
CoinDesk
The SEC Is Weighing a Bitcoin Futures ETF – Here’s What That Means
The distinction between a physical and futures-backed ETF is worth unpacking given that one may or may not have a better shot at SEC approval.