Forwarded from VIP CS GOLD™
🔊 ZIL
Buy 740 - 780
Sell 875 - 960 - 1250
❌ Stop Loss -10%
https://www.binance.com/trade.html?symbol=ZIL_BTC
Buy 740 - 780
Sell 875 - 960 - 1250
❌ Stop Loss -10%
https://www.binance.com/trade.html?symbol=ZIL_BTC
Forwarded from VIP CS GOLD™
🔊 XZC (Binance/Bittrex)
Buy 18 - 19
Sell 21 - 27 - 34
❌ Stop Loss 17
Buy 18 - 19
Sell 21 - 27 - 34
❌ Stop Loss 17
Starbucks is now a part of the new bitcoin venture called “Bakkt” by New York Stock Exchange
https://www.moondix.com/news/post/starbucks-is-now-a-part-of-the-new-bitcoin-venture-called-bakkt-by-new-york-stock-exchange
https://www.moondix.com/news/post/starbucks-is-now-a-part-of-the-new-bitcoin-venture-called-bakkt-by-new-york-stock-exchange
Forwarded from VIP CS GOLD™
🔊 XZC (Binance/Bittrex)
Buy 18 - 19
Sell 21 - 27 - 34
❌ Stop Loss 17
Buy 18 - 19
Sell 21 - 27 - 34
❌ Stop Loss 17
Forwarded from VIP CS GOLD™
🔊 WTC
Buy 490 - 505
Sell 515 - 525 - 535
❌ Stop Loss 485
https://www.binance.com/trade.html?symbol=WTC_BTC
Buy 490 - 505
Sell 515 - 525 - 535
❌ Stop Loss 485
https://www.binance.com/trade.html?symbol=WTC_BTC
❗️BTC UPDATE:
Support remains at 6400 which is the July Open.
After 6400 support is at 6k and 5785.
Let’s see where we’re heading. Assuming anything would be a gamble at the moment.
This is for sure that if We see a Reversal at this point the target would be 8750 which is the bull Scenario.
But Currently Bear scenario is highly likely.
Recommendations:
Stop Trading
Wait for some time.
Go out and have some fresh air.
Stop looking at your portfolio.
And don’t be upset, before any major Pump there’s a Major dump.
And it might be a signal of Accumulation by institutional money before the ETF news on September.
So good things are coming.
Stay calm
Regards
Support remains at 6400 which is the July Open.
After 6400 support is at 6k and 5785.
Let’s see where we’re heading. Assuming anything would be a gamble at the moment.
This is for sure that if We see a Reversal at this point the target would be 8750 which is the bull Scenario.
But Currently Bear scenario is highly likely.
Recommendations:
Stop Trading
Wait for some time.
Go out and have some fresh air.
Stop looking at your portfolio.
And don’t be upset, before any major Pump there’s a Major dump.
And it might be a signal of Accumulation by institutional money before the ETF news on September.
So good things are coming.
Stay calm
Regards
❗️MARKET UPDATE
BTC dominance: 48.6% UP 0.9% in 24h. Long-term downside resistance remains at 35.5%. 40% is now the new mid-term resistance. BTC dominance high for 2018 is 48.7%.
Global Ca : $231B DOWN $25B in 24h. The 2018 low is $231 B today. $300B upward resistance has been tested and failed multiple times in last few weeks. This now represents the strongest upside resistance we have seen in global cap in months.
Dail Global Volume: $15.5B UP $2.7B in 24h.
On August 3'd we said to expect a new global cap low for 2018 in the next 1-2 weeks. We are there. Now it looks like we hit global cap 50% soon. BTC down 1 0 of 1 1 days.
The people who emotionally scoop up and dump huge amounts of BTC and move these markets on clickbait “news” are morons.
l have never seen a group of traders who are such unseasoned, short-termist fools as the people who control these markets right now. And I thought the ICL (Crude Oil Futures) traders were emotional idiots. Not even close.
Maybe these morons are finally realizing that as long as BTC prices can move 5% overnight due to an Asian whale clump or exchange hack, the SEC will protect people and institutions from looking up their money in an ETF tied to an underlying asset like that. Nothing that Van Eck or CBOE or BATS can do to change that. The SEC said that very telling line in their rejection of Winklevoss ETF.
Did you know the CBOE/Van Eck ETF was going to be priced at $200k per share to prevent most individual investors from buying and holding? Institutions can already buy the CBOE futures for that purpose a lot cheaper allowing for legging in and out of a position. And how hard would it be to short a $200k ETF? Good luck finding shares to borrow. You want to be long BTC in your IRA? You can do it right now with futures inside an IRA. You just need the right broker. This ETF even if approved, will not do much to create scarcity value other than temporarily please the fools who use these markets as the toy in their crib waiting for their diaper to be changed.
BTC dominance: 48.6% UP 0.9% in 24h. Long-term downside resistance remains at 35.5%. 40% is now the new mid-term resistance. BTC dominance high for 2018 is 48.7%.
Global Ca : $231B DOWN $25B in 24h. The 2018 low is $231 B today. $300B upward resistance has been tested and failed multiple times in last few weeks. This now represents the strongest upside resistance we have seen in global cap in months.
Dail Global Volume: $15.5B UP $2.7B in 24h.
On August 3'd we said to expect a new global cap low for 2018 in the next 1-2 weeks. We are there. Now it looks like we hit global cap 50% soon. BTC down 1 0 of 1 1 days.
The people who emotionally scoop up and dump huge amounts of BTC and move these markets on clickbait “news” are morons.
l have never seen a group of traders who are such unseasoned, short-termist fools as the people who control these markets right now. And I thought the ICL (Crude Oil Futures) traders were emotional idiots. Not even close.
Maybe these morons are finally realizing that as long as BTC prices can move 5% overnight due to an Asian whale clump or exchange hack, the SEC will protect people and institutions from looking up their money in an ETF tied to an underlying asset like that. Nothing that Van Eck or CBOE or BATS can do to change that. The SEC said that very telling line in their rejection of Winklevoss ETF.
Did you know the CBOE/Van Eck ETF was going to be priced at $200k per share to prevent most individual investors from buying and holding? Institutions can already buy the CBOE futures for that purpose a lot cheaper allowing for legging in and out of a position. And how hard would it be to short a $200k ETF? Good luck finding shares to borrow. You want to be long BTC in your IRA? You can do it right now with futures inside an IRA. You just need the right broker. This ETF even if approved, will not do much to create scarcity value other than temporarily please the fools who use these markets as the toy in their crib waiting for their diaper to be changed.
5_6296409145264308279.pdf
61 KB
The Crypto Market Is Asleep at the Wheel - Palm Beach Group Update, By Teeka Tiwari on August 8, 2018
Forwarded from VIP CS GOLD™
🔊 ADA ( Binance/Bittrex )
Buy 1880 - 1900
Sell 2400 - 2800 - 3500
❌ Stop Loss 1800
Buy 1880 - 1900
Sell 2400 - 2800 - 3500
❌ Stop Loss 1800
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.