#News If you were in a cave earlier this week, know that the btc has increased by 20% at its highest point. It's huge and not insignificant and we're going to discuss it right now, let's go.
- So The Bitcoin exploded on Tuesday, culminating in a 20% rally that, according to some analysts, would come from a single purchase order spread over three exchanges.
- The sudden burst of the Bitcoin on Tuesday brought the whole market with him, taking with him the altcoins. Although the recovery seems to have appeared out of nowhere, analysts are now saying that it may have been caused by a single trader.
- It sounds pretty crazy, but that's what Oliver von Landsberg-Sadie, who is the CEO of the BCD Group, thinks, ensuring that the price of bitcoin has increased after only one trader or company has bought $100 million worth of bitcoin on three different exchanges. The three exchanges in question were Coinbase Kraken & Bitstamp.
- According to him, "There was only one order that was algorithmically managed on these three sites, of about 20,000 BTC" "If you look at the volumes on each of these three exchanges, there were common, synchronized volume units of about 7000 BTC in one hour."
- What this means is that we have a new big player on the market, a player ready to enter directly and helping to break down important psychological and technical resistance. So it's positive. But the less positive point is that if it remains a huge amount, it would only represent One portfolio and not a general market agreement. We will therefore see in the coming days whether or not this new trend created will be sustainable.
- As for the hypotheses, there are many. This mysterious investor could very well be an institutional actor who would like to enter without delay, why not, following information they have received on a future positive conclusion on futures by the SEC, for example. It could also be a new player that wants to offer derivatives with an owned counterparty and needs to buy them quickly.
But in the operation, we feel the urgency of buying if it is an institutional and it is important enough to be emphasized.
- Another hypothesis, but less credible in my opinion, would be the injection of capital by a pool of miners, to raise the price of the btc, while the complexity of the mining has increased.
- Another hypothesis, finally, is the one of the white knight, where an investor seeing the end of the bear market and wanting to help break down the last barriers to regain growth. This utopian vision is not impossible and is in line with the strategy... but who could do that? The winklevoos brothers? Zangpeng zao, the CEO of Binance?
- In any case, it is the large portfolios that will now have to position themselves and the fact that only one organization or person has influenced the market raises questions: is it because they have information or is it just to manipulate the price?
- So The Bitcoin exploded on Tuesday, culminating in a 20% rally that, according to some analysts, would come from a single purchase order spread over three exchanges.
- The sudden burst of the Bitcoin on Tuesday brought the whole market with him, taking with him the altcoins. Although the recovery seems to have appeared out of nowhere, analysts are now saying that it may have been caused by a single trader.
- It sounds pretty crazy, but that's what Oliver von Landsberg-Sadie, who is the CEO of the BCD Group, thinks, ensuring that the price of bitcoin has increased after only one trader or company has bought $100 million worth of bitcoin on three different exchanges. The three exchanges in question were Coinbase Kraken & Bitstamp.
- According to him, "There was only one order that was algorithmically managed on these three sites, of about 20,000 BTC" "If you look at the volumes on each of these three exchanges, there were common, synchronized volume units of about 7000 BTC in one hour."
- What this means is that we have a new big player on the market, a player ready to enter directly and helping to break down important psychological and technical resistance. So it's positive. But the less positive point is that if it remains a huge amount, it would only represent One portfolio and not a general market agreement. We will therefore see in the coming days whether or not this new trend created will be sustainable.
- As for the hypotheses, there are many. This mysterious investor could very well be an institutional actor who would like to enter without delay, why not, following information they have received on a future positive conclusion on futures by the SEC, for example. It could also be a new player that wants to offer derivatives with an owned counterparty and needs to buy them quickly.
But in the operation, we feel the urgency of buying if it is an institutional and it is important enough to be emphasized.
- Another hypothesis, but less credible in my opinion, would be the injection of capital by a pool of miners, to raise the price of the btc, while the complexity of the mining has increased.
- Another hypothesis, finally, is the one of the white knight, where an investor seeing the end of the bear market and wanting to help break down the last barriers to regain growth. This utopian vision is not impossible and is in line with the strategy... but who could do that? The winklevoos brothers? Zangpeng zao, the CEO of Binance?
- In any case, it is the large portfolios that will now have to position themselves and the fact that only one organization or person has influenced the market raises questions: is it because they have information or is it just to manipulate the price?
Forward from: Bitmex Calls
BTC actually exit downtrend cycle from 4k4. What you are seeing in local zone is just temporary.
The mimimum value of BTC should be 6k at least with current block reward.
At Halving event 2020, Block reward reduce 1/2, BTC should reach 12k at least !
BTC actually exit downtrend cycle from 4k4. What you are seeing in local zone is just temporary.
The mimimum value of BTC should be 6k at least with current block reward.
At Halving event 2020, Block reward reduce 1/2, BTC should reach 12k at least !
#News A bank installs Bitcoin ATM 😊
http://manilastandard.net/business/banking-report/291596/union-bank-launches-cryptocurrency-atm.html
http://manilastandard.net/business/banking-report/291596/union-bank-launches-cryptocurrency-atm.html
manilastandard.net
Union Bank launches cryptocurrency ATM
Union Bank of the Philippines, the ninth-largest lender in terms of assets and controlled by the Aboitiz Group, launched recently the country’s first Bangko Sentral ng Pilipinas-compliant, two-way cryptocurrency automated teller machine, making it among the…
#Notice: Still the market is in a volatile point. We should allocate very little of our assets in current market. We remind you that April is the most volatile month in BTC and this affects our trades
Another step forward https://cointelegraph.com/news/crypto-firm-bitpanda-secures-payments-service-provider-license-under-eu-rules
Cointelegraph
Crypto Firm Bitpanda Secures Payments Service Provider License Under EU Rules
Viennese crypto and fintech firm Bitpanda has received a payment service provider license from Austria’s financial regulator in accordance with EU-wide rules.
#Notice This is an update for our trades
Most of our trades are in loss currently. Some of them had stop loss and some of them didn't have a stop loss
To be honest, this is a very tricky market status we have. Because we cannot predict easily the reaction of BTC/USD price and trade zone.
🔸 Important movements have been made in recent hours. The BTC first tested the $5,200 zone before dropping back to the $4,900 level. It is currently around 5120$.
🔸 On a short term horizon, we see that BTC forms a triangle that could be finalized by a break of the oblique resistance in order to test again the 5200 - 5300$.
🔸 Over the longer term, it is indeed possible that BTC could go up again, but if the 5200 - 5300$ resistance is not broken we could see it return to its 4900$ support level.
🔸 On a short term horizon, we see that BTC forms a triangle that could be finalized by a break of the oblique resistance in order to test again the 5200 - 5300$.
🔸 Over the longer term, it is indeed possible that BTC could go up again, but if the 5200 - 5300$ resistance is not broken we could see it return to its 4900$ support level.
I'm bullish on BNB
Buy it👍
Current rate - 0.00371 sats
Buy it👍
Current rate - 0.00371 sats