Market update
Just before the consensus BTC rapidly dropped from 9300$ to 8700$ taking all alts down with itself. The reason is quite clear: all indicators showed bullish signs, but we know that BTC always go opposite way. Tons of long positions have been liquidated and bitcoin continued the rally directly in hell.
The most popular reason is that whales are trying to push the market down before the consensus to buy all the dips. The other reason is that whales already know the results of consensus and sell now (is case news are bad ones).
We don't know which scenario is happening, but right now BTC is doing OK: 8600$ support wasn't touched and hopefully wouldn't be. In other case we might see dump to 8200$ support zone. Remember that 8200$ is much more stronger that 8600$ zone.
Just before the consensus BTC rapidly dropped from 9300$ to 8700$ taking all alts down with itself. The reason is quite clear: all indicators showed bullish signs, but we know that BTC always go opposite way. Tons of long positions have been liquidated and bitcoin continued the rally directly in hell.
The most popular reason is that whales are trying to push the market down before the consensus to buy all the dips. The other reason is that whales already know the results of consensus and sell now (is case news are bad ones).
We don't know which scenario is happening, but right now BTC is doing OK: 8600$ support wasn't touched and hopefully wouldn't be. In other case we might see dump to 8200$ support zone. Remember that 8200$ is much more stronger that 8600$ zone.
Possible reasons behind the btc dump :
1. Korea-Upbit Fud.
2. CME gap at 8550.
3. Whales accumulation closer to "Consensus investors explosion" expected in a few days.
CONCLUSION : Don't sell now because btc will jump with strength and will let you out. Great times are coming.
1. Korea-Upbit Fud.
2. CME gap at 8550.
3. Whales accumulation closer to "Consensus investors explosion" expected in a few days.
CONCLUSION : Don't sell now because btc will jump with strength and will let you out. Great times are coming.
⚒ Market update 🛠
8200$ support has just been touched. This one is really strong and if it fails to keep price above, BTC may see 8000$ and even 7800$. In my opinion we have here 2 possible options: either BTC bounce from 8200$, either it bounce from 7800$. Second scenario is more possible: due to low volume and weekend we can't provide a strong rebound right now. But still 8200$ support may be stronger than I think, so we'll never see 8000$ or below.
📯Also remember that 8000$ is not a support actually, it's nice round number but according to TA it has no power as a support line.
Altcoins will also rebound soon. Follow the sweetest ones and try to buy the dip.
8200$ support has just been touched. This one is really strong and if it fails to keep price above, BTC may see 8000$ and even 7800$. In my opinion we have here 2 possible options: either BTC bounce from 8200$, either it bounce from 7800$. Second scenario is more possible: due to low volume and weekend we can't provide a strong rebound right now. But still 8200$ support may be stronger than I think, so we'll never see 8000$ or below.
📯Also remember that 8000$ is not a support actually, it's nice round number but according to TA it has no power as a support line.
Altcoins will also rebound soon. Follow the sweetest ones and try to buy the dip.
Above $8K: Bitcoin Aims Higher After Price Breakout
https://www.coindesk.com/8k-bitcoin-aims-higher-bull-breakout/
https://www.coindesk.com/8k-bitcoin-aims-higher-bull-breakout/
CoinDesk
Above $8K: Bitcoin Aims Higher After Price Breakout
Bitcoin looks north following a bullish technical breakout.
🏦 The Consensus has started only 3 hours ago, but already hit the market with big fat green candle on BTC. Here are major statements:
1. Cryptomarket is NOT A BUBBLE
2. There is a lot of space to grow
3. ICO are becoming more and more popular and can beat IPO in perspective
4. Investment funds are waiting for regulation
5. In a long-term perspective bitcoin (or whichever coin will be number one) will have to compete with fiat currencies
📳 All in all, we can see only positive opinions (quite logical, isn't it), cryptomarket started to react, we are keeping watch the situation.
1. Cryptomarket is NOT A BUBBLE
2. There is a lot of space to grow
3. ICO are becoming more and more popular and can beat IPO in perspective
4. Investment funds are waiting for regulation
5. In a long-term perspective bitcoin (or whichever coin will be number one) will have to compete with fiat currencies
📳 All in all, we can see only positive opinions (quite logical, isn't it), cryptomarket started to react, we are keeping watch the situation.
The first crypto exchange to use US stock market giant Nasdaq’s technology is set to launch next month, with US customers excluded “at this point”
https://goo.gl/mBV4Ap
https://goo.gl/mBV4Ap
Cointelegraph
First Crypto Exchange Using Nasdaq’s Tech Announces Launch, Excluding US Customers
The first Nasdaq-powered crypto exchange is reportedly set to launch next month, Finance Magnates reports.
Forwarded from VIP CS GOLD™
Forwarded from VIP CS GOLD™
Chilean Central Bank head thinks crypto regulation could help both better monitor and develop the crypto market
https://goo.gl/jtEhgW
https://goo.gl/jtEhgW
Cointelegraph
President of Chile’s Central Bank Considers Cryptocurrency Regulation, Says It Is Useful for ‘Monitoring Risks’
The president of Chile’s Central Bank believes that cryptocurrency regulation could allow better monitory of risks in the market.
🔹 Market flash update 🔹
Consensus is not showing huge impact in the market for now but it probably should some time like 1-2 weeks after the conference so Bitcoin is going sideways and it will probably keep going that for now but we are fine to hold and worry only if BTC drops below 7.8K dollars because there won't be much support until 6K-6.3K.
Alts took a small hit yesterday but all signals are still in profit and should continue in profit so again we are safe to just wait .
Consensus is not showing huge impact in the market for now but it probably should some time like 1-2 weeks after the conference so Bitcoin is going sideways and it will probably keep going that for now but we are fine to hold and worry only if BTC drops below 7.8K dollars because there won't be much support until 6K-6.3K.
Alts took a small hit yesterday but all signals are still in profit and should continue in profit so again we are safe to just wait .
Yes..!!
We will still say BITCOIN has to see bounce off from 7800 mark
if you wanna buy more then place buy/long bids around 7800 zone
Even if it touches 7800 USD mark it will jump really fast ✌
We will still say BITCOIN has to see bounce off from 7800 mark
if you wanna buy more then place buy/long bids around 7800 zone
Even if it touches 7800 USD mark it will jump really fast ✌
Insider info in Bitcoin
I received from some differents and very strong sources that Bitcoin whales will start pushing it up again soon. Some of these whales are here in NY and they are waiting some time after Consensus because according to my info they are still closing deals and they are waiting some time to get up together all the news and infos thry can from Consensus to get ready for the next bull run.
Again this is an info but it can be false! Be careful to not speculate too much and ignore what charts shows you.
At this point Bitcoin is kinda ok with a nice support under it and i also see a falling wedge so at least for now there isn't nothing to worry.
I received from some differents and very strong sources that Bitcoin whales will start pushing it up again soon. Some of these whales are here in NY and they are waiting some time after Consensus because according to my info they are still closing deals and they are waiting some time to get up together all the news and infos thry can from Consensus to get ready for the next bull run.
Again this is an info but it can be false! Be careful to not speculate too much and ignore what charts shows you.
At this point Bitcoin is kinda ok with a nice support under it and i also see a falling wedge so at least for now there isn't nothing to worry.
‼️ Let's talk about LONG-TERM holding.
I have already made post about this topic in premium channel yesterday, but I think that this is important theme so now you are able to read my thoughts for free
🔝 Long-term means that you should hold a coin a least 2-3 months. If you bought a coin and it dumped for 10-20% - don’t ask me if you need to sell it or not. Just hold. You don't check charts, because if you understand charts or think charts will tell you something *more important* than the basis of our entry - then you should follow your own stuff.
If you decide to hold some coin for long-term - be ready for this. Sometimes it can fall for more than 30-40%, but you should just buy it and don't open. If you are emotionally not ready for this - just follow short-term signals, which usually take up to 20 days to give us some profit.
I have already made post about this topic in premium channel yesterday, but I think that this is important theme so now you are able to read my thoughts for free
🔝 Long-term means that you should hold a coin a least 2-3 months. If you bought a coin and it dumped for 10-20% - don’t ask me if you need to sell it or not. Just hold. You don't check charts, because if you understand charts or think charts will tell you something *more important* than the basis of our entry - then you should follow your own stuff.
If you decide to hold some coin for long-term - be ready for this. Sometimes it can fall for more than 30-40%, but you should just buy it and don't open. If you are emotionally not ready for this - just follow short-term signals, which usually take up to 20 days to give us some profit.
Brothers, we know that we are currently bearish with our signals,but we think these altcoins are still very great for long term
By the way, we are still monitoring the market continuously. We will post more signals when the market stablizes further. Patience brothers.
By the way, we are still monitoring the market continuously. We will post more signals when the market stablizes further. Patience brothers.
Market Update
BTC
BTC Found bottom and support at 7900, It is currently retracing, Confirmation for breakout is 10k USD. Short Term we have a breakout of downtrend. However Market Sentiment is just too confused right now with no sens of direction. Best scenario is we retest 7900 for a double bottom and secure a strong support, creating a bullish sentiment and signal for many investors and pushing the market for a healthy recovery.
ALTS
You may see a couple of alts run 20% here and there but they are full retracing. If you open Binance, 90% of the alts are in red again. This is no time yet to enter new trades safely. We have ongoing trades and it is far better to hold these right now to targets as suggested. It is hard to give signals right now as the risk to reward is not good. Sort of like throwing stones in the dark. The market will show us when it is time, unfortunately right now it isn't. Great to scalp here and there for those small 5% but not really good to enter alts right now. This does not mean close open trades. it just means we need to be patient and wait.
BTC
BTC Found bottom and support at 7900, It is currently retracing, Confirmation for breakout is 10k USD. Short Term we have a breakout of downtrend. However Market Sentiment is just too confused right now with no sens of direction. Best scenario is we retest 7900 for a double bottom and secure a strong support, creating a bullish sentiment and signal for many investors and pushing the market for a healthy recovery.
ALTS
You may see a couple of alts run 20% here and there but they are full retracing. If you open Binance, 90% of the alts are in red again. This is no time yet to enter new trades safely. We have ongoing trades and it is far better to hold these right now to targets as suggested. It is hard to give signals right now as the risk to reward is not good. Sort of like throwing stones in the dark. The market will show us when it is time, unfortunately right now it isn't. Great to scalp here and there for those small 5% but not really good to enter alts right now. This does not mean close open trades. it just means we need to be patient and wait.