📢📰🎓 Over the past few days, bitcoin fever has been even more exuberant as the price has gained over $3,000 in just a week’s time. Today as bitcoin smashes through the $13K price region the decentralized currency’s markets are seeing over $10Bn worth of BTC traded over the past 24-hours. Moreover, bitcoin’s market capitalization is over $218Bn and is dominating the 1,326 other digital assets by 58 percent. Bitcoin users are also transacting more than usual as daily confirmed transactions (tx) are reaching record highs at 450,000 tx per day. Mining revenue is higher than ever as the currency is extremely lucrative to mine at this price point, which has pushed the network hashrate to over 12 exahash per second. With its price and network milestones, bitcoin continues to astonish the world, breaking record after record each month.
Bitcoin is relatively small compared to the world’s real estate markets (160 trillion) and gold’s annual capitalization (9 trillion). However, bitcoin is bigger than many other market capitalizations like Paypal, McDonald’s, IBM, GE, Disney and many more.
Bitcoin is relatively small compared to the world’s real estate markets (160 trillion) and gold’s annual capitalization (9 trillion). However, bitcoin is bigger than many other market capitalizations like Paypal, McDonald’s, IBM, GE, Disney and many more.
🔥Bitcoin soared over $14k and now it's price is $14,676 🚀according to Coinmarketcap.com
It means there will only be mid term trades.
If therewill be a Long term trade posted it will be COIN_USD and not COIN_BTC
If therewill be a Long term trade posted it will be COIN_USD and not COIN_BTC
Oh and by the way... If you're going shopping for Alts: MCO will get listed on a few exchanges soon and it went down even on USD... Good time. If you can catch VTC below 8$ it's good and there are some news to come with XLM. Not sure how big these will be but we'll see.
Hey guys, if you signed up for our premium pls make sure to setup telegram @nickname and also send txid so we know its you.
Forwarded from CryptoBullet
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Our mission consists in giving you profitable signals💰, sharing our knowledge and experience🎓.
CryptoBullet's team tries to do its best in giving you signals and responding to your requests 😇
We feel like being responsible for our subscribers, so be sure our calls strictly not based on any kind of "pump" strategy.
Also, we do hope you treat with understanding our doing cross promotions😊 The more numerous we become, the less we do them. Our crypto community needs newcomers and we would be grateful if you spread the link: https://t.me/cryptobullet
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🔵 A N A L Y S I S 🔵
📢🎓 The technical chart studies show BTC could face immediate resistance at around $16,194.
Bitcoin could easily extend the rally to $16,194 levels in the next few hours. But, while the investor community is mostly happy to see the cryptocurrency heading for the moon, as indicated by comments on social media, there is growing discomfort with the pace of the ascent.
Still, today, the recipe for a notable technical correction is absent. History shows that bitcoin usually suffers big sell-offs following confirmation of a bearish RSI divergence. Yet, the charts show no such development so far.
📢🎓 The technical chart studies show BTC could face immediate resistance at around $16,194.
Bitcoin could easily extend the rally to $16,194 levels in the next few hours. But, while the investor community is mostly happy to see the cryptocurrency heading for the moon, as indicated by comments on social media, there is growing discomfort with the pace of the ascent.
Still, today, the recipe for a notable technical correction is absent. History shows that bitcoin usually suffers big sell-offs following confirmation of a bearish RSI divergence. Yet, the charts show no such development so far.
The above chart shows:
👉The 127.2 percent Fibonacci extension of the rally from the November low stands at $16,194 levels. The next big resistance is lined up at $18,261 (161.8 percent Fibonacci extension) and $18,399.50 (261.8 percent Fibonacci extension of the rally from the September low).
👉On the downside, support is seen at $12,476.51 (161.8 percent Fibonacci extension of the rally from the September low).
👉5- and 10-day moving averages (MAs) are sloping upwards, suggesting any corrective pullback is likely to be short-lived.
👉The RSI and stochastic indicate overbought conditions.
👉The 127.2 percent Fibonacci extension of the rally from the November low stands at $16,194 levels. The next big resistance is lined up at $18,261 (161.8 percent Fibonacci extension) and $18,399.50 (261.8 percent Fibonacci extension of the rally from the September low).
👉On the downside, support is seen at $12,476.51 (161.8 percent Fibonacci extension of the rally from the September low).
👉5- and 10-day moving averages (MAs) are sloping upwards, suggesting any corrective pullback is likely to be short-lived.
👉The RSI and stochastic indicate overbought conditions.
📢🎓 In the past, bitcoin has suffered pullbacks when the RSI and stochastic turned lower from the overbought territory (see circles on chart). Currently, both indicators show overbought conditions, yet are still rising.
View:
📌Bitcoin could extend gains to $16,194 and possibly even further.
📌A pullback to $11,000 cannot be ruled out, but dips below the upward sloping 10-day MA of $11,500 are likely to be short-lived.
📌As of now, a significant correction is unlikely and could be seen only on confirmation of a bearish price-RSI divergence and/or if RSI and stochastic move lower from the overbought territory.
View:
📌Bitcoin could extend gains to $16,194 and possibly even further.
📌A pullback to $11,000 cannot be ruled out, but dips below the upward sloping 10-day MA of $11,500 are likely to be short-lived.
📌As of now, a significant correction is unlikely and could be seen only on confirmation of a bearish price-RSI divergence and/or if RSI and stochastic move lower from the overbought territory.
List of Events 8.12.2017
Aeternity (AE) - Hackton
ClearPoll (POLL) - Poll result charts
DeepOnion (ONION) - Airdrop
Kickico Moscow Blockchain Conference
Metaverse (ETP) - Cryptospace Conference Moscow
NoLimitCoin (NLC2) - Hockey launch
OKCash (OK) - Listing on UPbit
Rebellious (REBL) - Airdrop
Solaris (XLR) - ZeroCoin Protocol Implementation
Stellar Lumens (XLM) - Blockchain Meetup: Stella
Substratum (SUB) - AMA Session
TokenCard (TKN) - Delisting from Bittrex
Walton (WTC) - Guardian Masternode
ZCoin (XZC) - Znodes
Zcash (ZEC) - AMA Session
Aeternity (AE) - Hackton
ClearPoll (POLL) - Poll result charts
DeepOnion (ONION) - Airdrop
Kickico Moscow Blockchain Conference
Metaverse (ETP) - Cryptospace Conference Moscow
NoLimitCoin (NLC2) - Hockey launch
OKCash (OK) - Listing on UPbit
Rebellious (REBL) - Airdrop
Solaris (XLR) - ZeroCoin Protocol Implementation
Stellar Lumens (XLM) - Blockchain Meetup: Stella
Substratum (SUB) - AMA Session
TokenCard (TKN) - Delisting from Bittrex
Walton (WTC) - Guardian Masternode
ZCoin (XZC) - Znodes
Zcash (ZEC) - AMA Session
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