❗️BREAKING: The SEC has extended the evaluation period for a rule change on the Cboe VanEck/SolidX Bitcoin ETF.
The new deadline is September 30th, according to the agency.
The extension means Friday’s planned ETF decision will no longer take place as scheduled
https://www.sec.gov/rules/sro/cboebzx/2018/34-83792.pdf
The new deadline is September 30th, according to the agency.
The extension means Friday’s planned ETF decision will no longer take place as scheduled
https://www.sec.gov/rules/sro/cboebzx/2018/34-83792.pdf
BTC ETF decision has dragged down crypto market significantly.
The total #cryptocurrency market capitalization fell below $230 billion to reach its lowest level of 2018
Figures sub-$230b were last seen in November of 2017
The total #cryptocurrency market capitalization fell below $230 billion to reach its lowest level of 2018
Figures sub-$230b were last seen in November of 2017
#BTC #analysis
It’s very possible that the bottom of the week is in. We are exhausted on the daily chart: daily RSI is reaching oversold which traditionally yields at least a temporary price bounce.
Let’s wait if we can close the week at 6600-6700. If we do, it creates a hammer reversal candle very likely for a 1-4 candle correction, which can easily take us to 7200-7300 area.
If we continue to drop, here are some realistic rebound spots for #BTC based on prior supports and resistances
📍~ $6025
📍 ~ $5574
📍 ~ $4950
It’s very possible that the bottom of the week is in. We are exhausted on the daily chart: daily RSI is reaching oversold which traditionally yields at least a temporary price bounce.
Let’s wait if we can close the week at 6600-6700. If we do, it creates a hammer reversal candle very likely for a 1-4 candle correction, which can easily take us to 7200-7300 area.
If we continue to drop, here are some realistic rebound spots for #BTC based on prior supports and resistances
📍~ $6025
📍 ~ $5574
📍 ~ $4950
People shorting #BTC still seem confident price will continue to decline - up 7% today to reach 6-week high
Shorters are either being smart or getting greedy 🤔
Short squeeze ahead ?
Shorters are either being smart or getting greedy 🤔
Short squeeze ahead ?
CryptoBullet
$NEO in buy area Add more on dips: 29-31 23-26 14-17 Mid term Targets: 45, 51, 59
On July 10th we issued trading recommendations on NEO. At that moment NEO was trading at $34, but we were ready for a downfall. Today it dipped to $17 area which is a buy to average down your entry.
Do not let this bear marker break you. We are extremely bullish long term 🐂
Do not let this bear marker break you. We are extremely bullish long term 🐂
#BTCTRY (Bitcoin - Turkish Lira) exchange rate rose to 47192 today - its highest level since Jan. 21.
Trading volume on Turkey's cryptocurrency exchanges surged Friday as the country's fiat currency plunged to record lows on economic jitters.
📉 TRY dropped 27% last week and hit a record low of 7.20 per dollar earlier today.
💡 We do not treat it as a big deal, because there is not enough capital in Turkey to make it all much of a difference, just like Venezuela and other countries. You need to look at the Central Europe, North America. You gotta look at wealthier nations and when their citizens start worrying about their currencies, that speculation is gonna drive Bitcoin upward.
📌 But nevertheless, this kind of events helps you to understand why Bitcoin is needed.
Trading volume on Turkey's cryptocurrency exchanges surged Friday as the country's fiat currency plunged to record lows on economic jitters.
📉 TRY dropped 27% last week and hit a record low of 7.20 per dollar earlier today.
💡 We do not treat it as a big deal, because there is not enough capital in Turkey to make it all much of a difference, just like Venezuela and other countries. You need to look at the Central Europe, North America. You gotta look at wealthier nations and when their citizens start worrying about their currencies, that speculation is gonna drive Bitcoin upward.
📌 But nevertheless, this kind of events helps you to understand why Bitcoin is needed.
CryptoBullet
Here is an aggregation of HUGE ( >100 btc) bids & asks on Bitfinex. Very interesting...
❗️It's not surprising that BTC dropped below 6k. We drew you attention to those HUGE bis & asks not without reason. Finally we've fallen to the area where Whales placed bid orders for 500-800 BTC. Their main buys (approx. 3000 in total) was between 6060 and 5850, but there is something left..
📌Market Cap #update
(read comments on the chart above)
Critical level got broken and we dropped to Next Support in few days. Altcoins are in bigger trouble than #Bitcoin.
Meanwhile BTC dominance rate is currently at 53.7%
Money shifting from alts -> $BTC -> fiat with MarketCap dropping. Possible period of capitulation has begun.
(read comments on the chart above)
Critical level got broken and we dropped to Next Support in few days. Altcoins are in bigger trouble than #Bitcoin.
Meanwhile BTC dominance rate is currently at 53.7%
Money shifting from alts -> $BTC -> fiat with MarketCap dropping. Possible period of capitulation has begun.
💡Let's compare the daily bitcoin chart to silver on the weekly timeframe, because these are pretty close.
- Look what happened to silver: the silver held its support level for three times and pay attention to what happened next.
Do not underestimate support/resistance. Also pay attention to how bounces become weaker.
Do we think Bitcoin will have the same fate as silver had after the support line was broken? Actually no, bc bitcoin is more usefull than silver.
What we are saying is once that Support breaks, BTC is in trouble.
Does this comparison look reasonable?
- Look what happened to silver: the silver held its support level for three times and pay attention to what happened next.
Do not underestimate support/resistance. Also pay attention to how bounces become weaker.
Do we think Bitcoin will have the same fate as silver had after the support line was broken? Actually no, bc bitcoin is more usefull than silver.
What we are saying is once that Support breaks, BTC is in trouble.
Does this comparison look reasonable?
❗️Take a look at BTC Shorts. It is really asking for a short squeeze.
It’s not as bad as what we had in April, it was a way more leveraged shorts but we are getting there. By far this is clearly the highest peak in shorts since that short squeeze back in April. Be careful here.
It’s not as bad as what we had in April, it was a way more leveraged shorts but we are getting there. By far this is clearly the highest peak in shorts since that short squeeze back in April. Be careful here.
💡#Bitmain #opinion
Bitmain IPO will be single biggest barometer to gauge institutional interest in cryptocurrency.
[ Bitmain is filing for an initial public offering (IPO) potentially as high as $18 billion this September at a market capitalization of $40 to $50 billion ]
Notably, a possible $18 billion IPO sticker price positions Bitmain to displace social media giant Facebook as one of the largest public offerings in history, which is very symbolic.
#Bitmain 18 Billion Dollar proposed IPO will provide a window to glance at how institutional investors view crypto investing.
📌 Those who can’t invest directly into cryptocurrency due to regulatory issues can invest in Bitmain to get an indirect exposure.
Bitmain IPO will be single biggest barometer to gauge institutional interest in cryptocurrency.
[ Bitmain is filing for an initial public offering (IPO) potentially as high as $18 billion this September at a market capitalization of $40 to $50 billion ]
Notably, a possible $18 billion IPO sticker price positions Bitmain to displace social media giant Facebook as one of the largest public offerings in history, which is very symbolic.
#Bitmain 18 Billion Dollar proposed IPO will provide a window to glance at how institutional investors view crypto investing.
📌 Those who can’t invest directly into cryptocurrency due to regulatory issues can invest in Bitmain to get an indirect exposure.
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To be honest currently we are concentrated on marginal trading due to our personal clients’ requests & market conditions.
Responding to the demand, we are opening 5 slots for EXCLUSIVE BitMEX trading.
• You will get access to our special channel where we post our BitMEX trades.
If you want to buy subscription - you can contact @Likeniss
Examples of BitMEX signals 👇
#BTC weekly outlook
📌 Here are the Stop & Revers points and Bollinger bands.
We had a pretty good week up to 6600, but we broke the stop & reverse point which is now above and that’s bearish, and we are below the middle of BB and still not touched the bottom of BB. So the current weekly environment based on these two indicators is bearish.
After two weeks of a dramatic fall we bounced a bit, the ultimate target in this move is about 7000.
❗️We will become bullish for Bitcoin if we can break above 8500 on the current bounce. That is because of very powerful resistance, and in this case we would take a high above a high.
What is the probability of that happening? 25%
📌 Here are the Stop & Revers points and Bollinger bands.
We had a pretty good week up to 6600, but we broke the stop & reverse point which is now above and that’s bearish, and we are below the middle of BB and still not touched the bottom of BB. So the current weekly environment based on these two indicators is bearish.
After two weeks of a dramatic fall we bounced a bit, the ultimate target in this move is about 7000.
❗️We will become bullish for Bitcoin if we can break above 8500 on the current bounce. That is because of very powerful resistance, and in this case we would take a high above a high.
What is the probability of that happening? 25%
If the current week gets bullish, #BTC has the potential for a large weekly inverse head and shoulders reversal pattern to take place.
