CryptoBullet
Another stable coin. Circle / Poloniex launched USDC, which is compliant with the ERC-20 standard. What is important, USDC is Goldman Sachs backed stablecoin. So holding USDC may be safer then tether (on relative terms), because Goldman is an entity with…
❗️Guys, seems like Tether collapse is underway. May be it’s overdone but it’s better to be safe than sorry.
📌Recently Binance started offering PAXUSDT Pair, Poloniex offers USDC + Circle stable coin. A bunch of stable coins were offered and that is not for nothing.
Please, read the referred post, we wrote that Tether is a Black Swan Event waiting to implode. Hope you stayed cautious with Tether and diversified.
📌Recently Binance started offering PAXUSDT Pair, Poloniex offers USDC + Circle stable coin. A bunch of stable coins were offered and that is not for nothing.
Please, read the referred post, we wrote that Tether is a Black Swan Event waiting to implode. Hope you stayed cautious with Tether and diversified.
#BTC
📌From a technical perspective nothing has really changed on fiat US dollar exchanges. We are still within the triangle, we did not even hit the 30-week MA. Got rejected by the top of the triangle & middle of Bollinger Bands. There always was a probability of going to the top of the triangle (~7k). The bearish picture is not invalidated.
✔️Notice how Bollinger Bands continue to tighten. Volume is declining which is not a bullish sign.
📌From a fundamental perspective the implosion of Tether alters the future of Bitcoin. News events like this maybe short term positive for Bitcoin.
There are a lot of people with a lot of money to gain from tether destabilization.
❗️Don‘t let rumors & market manipulation confuse you and make you panic. The worst thing you can do as a trader is to make a rush decision.
📍 BTC Important Dates:
17 Oct: CBOE XBT Expiration Date
26 Oct: CME Oct Last Trade
📌From a technical perspective nothing has really changed on fiat US dollar exchanges. We are still within the triangle, we did not even hit the 30-week MA. Got rejected by the top of the triangle & middle of Bollinger Bands. There always was a probability of going to the top of the triangle (~7k). The bearish picture is not invalidated.
✔️Notice how Bollinger Bands continue to tighten. Volume is declining which is not a bullish sign.
📌From a fundamental perspective the implosion of Tether alters the future of Bitcoin. News events like this maybe short term positive for Bitcoin.
There are a lot of people with a lot of money to gain from tether destabilization.
❗️Don‘t let rumors & market manipulation confuse you and make you panic. The worst thing you can do as a trader is to make a rush decision.
📍 BTC Important Dates:
17 Oct: CBOE XBT Expiration Date
26 Oct: CME Oct Last Trade
Seems like the panic in Tether is coming to an end.
[ On the chart: Bitfinex btcusd / Bitstamp btcusd ]
📌The last couple of times the price on Bitfinex spiked so high above Bitstamp, it corrected in the opposite direction.
But nevertheless, it is definitely a risk, why use USDT when you can trade pairs with USD. The only non risk stable money is fiat.
[ On the chart: Bitfinex btcusd / Bitstamp btcusd ]
📌The last couple of times the price on Bitfinex spiked so high above Bitstamp, it corrected in the opposite direction.
But nevertheless, it is definitely a risk, why use USDT when you can trade pairs with USD. The only non risk stable money is fiat.
💭 Some analysts see the beginning of a new bull run in launching Bakkt and Fidelity’s new crypto platform for institutional investors.
Challenge your thinking: "Bakkt & Fidelity's platform will get institutional investors to buy"
This thought assumes that institutions are going to buy the bags of retail investors.
Fundamentally, this is not how it works. Smart Money accumulates bottom & sells to retail investors on the way up.
🔴 If these events were gonna turn the bear market into a bull market, they would have done it by now.
These are potentially good in the long term, they are very good from the regulatory perspective & make BTC more credible, which will help to bring a new wave of capital into crypto. They are good fundamental factors for sure, but it may take more than some good news to reverse the market.
📌 Bear markets happen because the last buyer has bought & Bull markets happen because the last seller has sold.
We don't see the last seller selling yet.
Challenge your thinking: "Bakkt & Fidelity's platform will get institutional investors to buy"
This thought assumes that institutions are going to buy the bags of retail investors.
Fundamentally, this is not how it works. Smart Money accumulates bottom & sells to retail investors on the way up.
🔴 If these events were gonna turn the bear market into a bull market, they would have done it by now.
These are potentially good in the long term, they are very good from the regulatory perspective & make BTC more credible, which will help to bring a new wave of capital into crypto. They are good fundamental factors for sure, but it may take more than some good news to reverse the market.
📌 Bear markets happen because the last buyer has bought & Bull markets happen because the last seller has sold.
We don't see the last seller selling yet.
Eventually some news concerning Tether: 500m USDT to be destroyed.
What does it mean? The difference in price between USDT exchanges (Bitfinex, Binance, Bittrex..) and fiat US dollar exchanges (for instance Bitstamp) will be reduced.
https://tether.to/upcoming-usdt-redemption-october-24th-2018/
What does it mean? The difference in price between USDT exchanges (Bitfinex, Binance, Bittrex..) and fiat US dollar exchanges (for instance Bitstamp) will be reduced.
https://tether.to/upcoming-usdt-redemption-october-24th-2018/
Some news from China 🇨🇳: Local merchants are Legally Allowed to Accept Bitcoin and Crypto
https://www.newsbtc.com/2018/10/26/china-hasnt-banned-bitcoin-shenzhen-court-permits-crypto-transactions/
📌This move isn’t likely to jumpstart China’s second drive for widespread cryptocurrency adoption, this unexpected ruling from Shenzhen’s International Arbitration Court indicates that hope isn’t lost for local Bitcoin fanatics.
https://www.newsbtc.com/2018/10/26/china-hasnt-banned-bitcoin-shenzhen-court-permits-crypto-transactions/
📌This move isn’t likely to jumpstart China’s second drive for widespread cryptocurrency adoption, this unexpected ruling from Shenzhen’s International Arbitration Court indicates that hope isn’t lost for local Bitcoin fanatics.
NewsBTC
China Hasn’t Banned Bitcoin: Shenzhen Court Permits Crypto Transactions
A Shenzhen-based court in one of China's SEZs has just ruled that transacting and holding Bitcoin isn't illegal, adding that BTC produces "economic value."
🎉Happy 10th Birthday Bitcoin. Can’t wait to see what the next 10 years brings.
We believe next ten years of Bitcoin will bring more awareness and usage to #Bitcoin, #Cryptocurrency and #Blockchain and mass adoption of #Blockchain in almost all spheres of life.
From the Bitcoin White Paper: “A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution”
📌 To note:
Bitcoin: a digital currency with limited and known supply, no borders, and no central group controlling it.
US Dollar: a digital currency with unlimited and unknown supply, border restrictions, and controlled by a banking cabal.
What's in your wallet?
We believe next ten years of Bitcoin will bring more awareness and usage to #Bitcoin, #Cryptocurrency and #Blockchain and mass adoption of #Blockchain in almost all spheres of life.
From the Bitcoin White Paper: “A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution”
📌 To note:
Bitcoin: a digital currency with limited and known supply, no borders, and no central group controlling it.
US Dollar: a digital currency with unlimited and unknown supply, border restrictions, and controlled by a banking cabal.
What's in your wallet?
BTC: Big Picture
The monthly chart is really important since moment of truth approaching.
[ The Trend Lines 1, 2 and 3 are the trend lines that supported the market ]
💡Look how we broke exponential off the Trend Line every time, went back to it and broke down. The prior two times we could not get above the Trend Line and we certainly broke below the line that kicked off the bull market. So, this time around it may not be different.
📌 If this month we fall below 6k, we are supposed to bounce off the important zone, where we have the combination of 0.764 Fib, 30 Month MA & Trend Line 3.
The monthly chart is really important since moment of truth approaching.
[ The Trend Lines 1, 2 and 3 are the trend lines that supported the market ]
💡Look how we broke exponential off the Trend Line every time, went back to it and broke down. The prior two times we could not get above the Trend Line and we certainly broke below the line that kicked off the bull market. So, this time around it may not be different.
📌 If this month we fall below 6k, we are supposed to bounce off the important zone, where we have the combination of 0.764 Fib, 30 Month MA & Trend Line 3.
CryptoBullet
Updated ratings of blockchain projects by Chinese government. EOS stays at the top of the list, followed by Ethereum, and then Bitshares. BTC was downgraded from the 10th place to the 16th place.
Updated ratings of blockchain projects by Chinese government:
EOS and Ethereum continue to dominate the CCID index. Bitcoin Falls to 19th position, which is a little ridiculous.
EOS and Ethereum continue to dominate the CCID index. Bitcoin Falls to 19th position, which is a little ridiculous.
CryptoBullet
The bitcoin price finally moved, but pay attention to the Stock Market crash that could not help but affect crypto market. 📌The Federal Reserve is undergoing a major change, and the market is having a fit. [ The Fed has raised interest rates three times…
📍November 6th is a very important day for the markets because of US midterm congressional elections 2018.
The election outcome will effect the stock market firstly. BTC and the Crypto Industry might react accordingly.
📍The Federal Reserve meets on Nov. 7-8 & its policy announcement is an additional catalyst to bulls or bears. No Fed rate hike is expected, but the central bank likely will signal a December move.
The election outcome will effect the stock market firstly. BTC and the Crypto Industry might react accordingly.
📍The Federal Reserve meets on Nov. 7-8 & its policy announcement is an additional catalyst to bulls or bears. No Fed rate hike is expected, but the central bank likely will signal a December move.
📈 Global stocks continued to rise after US midterm elections. Attention turned to US Fed's policy decision.
📌 Seems like the October correction was not economic and was not fundamentally driven by problems in the stock market. It had to do with a confusion around the election. And the reaction we see proves that.
The stock market is ready to make a new high. Not tomorrow, but likely this year we will come close to recent highs if there isn't gonna be a bull trap.
📌 Seems like the October correction was not economic and was not fundamentally driven by problems in the stock market. It had to do with a confusion around the election. And the reaction we see proves that.
The stock market is ready to make a new high. Not tomorrow, but likely this year we will come close to recent highs if there isn't gonna be a bull trap.
Recent result from our EXCLUSIVE BitMEX channel. You are missing some serious profits...
If you want to buy subscription - contact @Likeniss
If you want to buy subscription - contact @Likeniss
Bitcoin halving: 18 months to go ..
[ The halving is the 50 percent reduction in block rewards on the Bitcoin blockchain ]
A look at Bitcoin’s chart shows that both halvings have been followed by significant bull runs.
📌 Lot of people still underestimate the halving: it's not about poor miners getting less reward, key is BTC becomes scarcer because less supply. 2020 halving is special: Bitcoin will become as scarce as gold.
[ The halving is the 50 percent reduction in block rewards on the Bitcoin blockchain ]
A look at Bitcoin’s chart shows that both halvings have been followed by significant bull runs.
📌 Lot of people still underestimate the halving: it's not about poor miners getting less reward, key is BTC becomes scarcer because less supply. 2020 halving is special: Bitcoin will become as scarce as gold.
The battle for BCH is on! This is gonna be something..
📌BCH itself is dropping, but the really interesting thing is that the community appears legitimately split between the two paths open for them: either support Bitcoin ABC or Bitcoin SV. It is up to miners to decide which chain is viable.
Take a look at the hashing power. Bitcoin SV (three Craig Wright affiliated mining pools: SVPool, Coingeek & BMG Pool) now has ~60% of the hashing power. At 75% they can control both chains with hashing power, because at that number they have 50% of Bitcoin ABC fork (so they can 51% attack that fork) and they’re in full control of the Bitcoin SV side of the thing. So they will become the BCH.
🔥Debating what is the real Bitcoin Cash is getting very interesting.
📌BCH itself is dropping, but the really interesting thing is that the community appears legitimately split between the two paths open for them: either support Bitcoin ABC or Bitcoin SV. It is up to miners to decide which chain is viable.
Take a look at the hashing power. Bitcoin SV (three Craig Wright affiliated mining pools: SVPool, Coingeek & BMG Pool) now has ~60% of the hashing power. At 75% they can control both chains with hashing power, because at that number they have 50% of Bitcoin ABC fork (so they can 51% attack that fork) and they’re in full control of the Bitcoin SV side of the thing. So they will become the BCH.
🔥Debating what is the real Bitcoin Cash is getting very interesting.
📈 Bitcoin SV is now just $38 away from reaching the price of Bitcoin ABC
Last week Bitcoin ABC's price was 10x higher than Bitcoin SV
Current prices (Poloniex):
Bitcoin ABC = $255
Bitcoin SV = $214
Last week Bitcoin ABC's price was 10x higher than Bitcoin SV
Current prices (Poloniex):
Bitcoin ABC = $255
Bitcoin SV = $214
🔥 BCH hard fork drama continues to unfold..
❗️Bitcoin SV is now ~77% of BCH hashrate and growing with other miners dropping like flies probably running back to BTC.
[ Actually the only hard forks that should ever happen are bug related hard forks. If it's an opinion, political hard fork, your blockchain is a disaster ]
❗️Bitcoin SV is now ~77% of BCH hashrate and growing with other miners dropping like flies probably running back to BTC.
[ Actually the only hard forks that should ever happen are bug related hard forks. If it's an opinion, political hard fork, your blockchain is a disaster ]
CryptoBullet
#BTC 📌From a technical perspective nothing has really changed on fiat US dollar exchanges. We are still within the triangle, we did not even hit the 30-week MA. Got rejected by the top of the triangle & middle of Bollinger Bands. There always was a probability…
🔴 Well, guys, you have been warned about breaking down long before..
📉 Bitcoin posts a new 2018 low
Please, read the referred post. We pointed out our targets in case of triangle breakdown (which statistically was more likely to happen).
Anyone, who has been telling you that there's gonna be a breakout of the triangle to the upside, just doesn’t know TA & rely on luck, because there is always 70% probability of breaking down a descending triangle. The market looked so weak (volume decline tells the real story), how could these people be bullish.
📌We do really hope you listened to us and at least didn't lose money. The most optimistic scenario is that you could have profited a lot from our technical analysis.
Our team tries its best to provide you with only important and quality content.
Stay tuned!
📉 Bitcoin posts a new 2018 low
Please, read the referred post. We pointed out our targets in case of triangle breakdown (which statistically was more likely to happen).
Anyone, who has been telling you that there's gonna be a breakout of the triangle to the upside, just doesn’t know TA & rely on luck, because there is always 70% probability of breaking down a descending triangle. The market looked so weak (volume decline tells the real story), how could these people be bullish.
📌We do really hope you listened to us and at least didn't lose money. The most optimistic scenario is that you could have profited a lot from our technical analysis.
Our team tries its best to provide you with only important and quality content.
Stay tuned!
CryptoBullet
#BTC: things are getting really exciting The Bollinger Bands are starting to contract. Also notice how on this entire bear run we got rejected by the middle of the Bollinger Bands several times and now we might be rejecting without even making it into the…
📉 BTC is approaching our first target of 5k.
📌 What are we looking for at 5k to make us bullish or bearish?
It depends on whether 5k reverses the price and how strongly it does it.
If we touch 5k & bounce like we did from 6k in February, that will be bullish. If we get to 5k and we touch it the way we did it with 6k back in April, June, August, September or October, that will be bearish.
📌 What are we looking for at 5k to make us bullish or bearish?
It depends on whether 5k reverses the price and how strongly it does it.
If we touch 5k & bounce like we did from 6k in February, that will be bullish. If we get to 5k and we touch it the way we did it with 6k back in April, June, August, September or October, that will be bearish.
❓ What is the goal of such a nuclear Bear Market? To make you panic sell your coins at ridiculously low prices.
Whales want your emotions to effect your actions.
[ Bear markets happen because the last buyer has bought & Bull markets happen because the last seller has sold. ]
The market can’t go up towards the new all-time high while the majority is optimistic & keeps longing.
📌 The goal is to kill your interest in #crypto, make you loose faith in it & even make you hate it.
Be patient. It is always rewarded.
Whales want your emotions to effect your actions.
[ Bear markets happen because the last buyer has bought & Bull markets happen because the last seller has sold. ]
The market can’t go up towards the new all-time high while the majority is optimistic & keeps longing.
📌 The goal is to kill your interest in #crypto, make you loose faith in it & even make you hate it.
Be patient. It is always rewarded.
