FTX Europe Becomes First Exchange to Receive Crypto License in Dubai, as Much Awaited on FED’s Meeting.

Thoughts on the market on 16.03.2022

Bitcoin moved within the range indicated in yesterday's review (https://t.me/decryptedge/1053). This morning, the price updated to a high of 41800, and at the time of writing this review it is worth $40,960.
Total Crypto Market capitalization $1.801 Trillion, BTC dominance index of 42.2%, fear index 24.
The dollar index fell to 98.8. The markets are calm, before the storm. Today at 9:00PM Kenya time the results of the Fed meeting will be released, at 9:30PM - Jerome Powell's conference.

Friday, March 18 - there is a big option expiration. So from tonight until the end of the week we expect increased volatility in the stock market and crypto market.
Negative for the market will be an increase in the rate by 0.5 instead of 0.25, aggressive comments about further tightening of the monetary policy, as well as a reduction in the balance sheet. The positive is the absence of this negative. It is difficult to predict the actions of the Fed, because the regulator is now facing a problem that cannot be solved by economic methods.

Until the Fed's decision, Bitcoin will remain in a wide range with an upper limit at $39,800 - $40,200, and a lower limit at $37,500- $36,900. An alternative option is fixing above 40200 for 6-8 hours.

Because in a situation of growing global inflation and geopolitical turbulence, counting on the fall of the anti-inflationary asset itself is strange and illogical. This does not mean that Bitcoin cannot fall in the short term. With an unfavorable external background, we can go to $35K and test the absolute bottom of the $28K- $32K range.(https://t.me/decryptedge/952) we spoke about it back on January 12th.

Lastly FTX Europe, the newly established European unit of crypto exchange FTX, became the first firm to receive a license to operate a crypto exchange and trading house in Dubai. With the license the exchange will be able to trial crypto derivatives for institutional investors. The license comes a week after Dubai announced the creation of Virtual Asset Regulatory Authority (VARA), which will be responsible for governing the crypto sector. FTX rival Binance received a license to operate in Bahrain effectively expanding its middle eastern presence. Binance is also reported to be in talks to obtain a Dubai license. Image/Story Source Courtesy: Coindesk.

This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge

Ukraine's Zelenskyy Signs Virtual Assets Bill Into Law, Legalizing Crypto as Digital Donations Flow In.

Thoughts on the market on 17. 03. 2022

Market capitalization $1.822 Trillion, BTC dominance index 42.8%, fear index 27. The dollar index has fallen to 98.3

The Fed meeting and subsequent comments did not bring any surprises played out as the markets expected. As indicated in yesterday's review, the Fed's stance resulted in a positive for the markets with the absence of negativity. Market participants realized that in terms of fighting inflation, the regulator would take a minimum of practical steps - just enough so as not to be accused of inaction.

Tomorrow we expect a large expiration of options for stocks and indices, and increased volatility.
Bitcoin has consolidated above $40K, but has encountered a resistance area at $41,400- $41500, two attempts to break this level have not been successful so far.
The priority option for today is Bitcoin fixing above $41,500, after which the next important resistance area will be $41,800- $42,500. An alternative option is Bitcoin in the range of $39,200 - $41,400.

I said earlier that for the further growth of the market, it is important to consolidate the total crypto-market capitalization above $2 Trillion. If we leave for the weekend with Bitcoin above $42,500, this result could be reached before Monday.

Ukrainian President Volodymyr Zelenskyy legalized crypto in his country, by signing into law a bill on virtual assets, amid a frenzy of digital asset donations to support the country's defense against a Russian invasion. A month ago, Ukraine’s parliament passed a bill to legalize cryptocurrency, preparing a framework for the regulation and management of cryptocurrencies like Bitcoin and Ethereum. This will establish a legal framework for the country to operate a regulated crypto market. So far Ukraine has received $100 million in crypto donations during its war with Russia. According to reports coming out of Cointelegraph, Coindesk and other digital asset-focused outlets, crypto exchanges and firms handling digital assets will now be required to register with the government to operate legally in Ukraine, and banks will be allowed to open accounts for crypto firms.

The bill passed through parliament on Feb. 17 after Zelensky rejected an earlier version approved in September 2021. (https://t.me/decryptedge/730) The Ministry of Finance is working on amendments to the country's tax and civil codes to fully launch the market for virtual assets, the statement said.

This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge

Elizabeth Warren Introduces Crypto Bill to Sanction Russia.

Thoughts on the market on 18. 03. 2022

Bitcoin, after another unsuccessful attempt to stay above $41K, fell to support at $40,500, at the time of writing its trading for $40,530. Today’s total crypto market capitalization is at $1.815 Trillion, BTC dominance index 42.4%, fear index 25.
The dollar index is about 98.

Today in the US market there is a large expiration of options on indices and on individual stocks, which will cause increased volatility, as the expiration will be at $3.3 Trillion. In addition, as witnessed in recent times, many market participants prefer to close positions for the weekend, as the geopolitical situation is now such that over the weekend the world may find itself in a new reality.

Bitcoin fell to support at $40,500, loss of this support could give Bitcoin another refueling below $40K, where areas for liquidity gains would be $39,300 - $38,800, and in case it goes below, $38,000 - $37,500 will be the levels to expect. If the support at $40,500 holds, expect movement in the $40,500 - $41,500 range.

Senator Elizabeth Warren will submit a bill on bitcoin sanctions against Russia. It is proposed to ban crypto-exchanges from working with any crypto-assets associated with Russia and those exchanges that do not agree will be subject to secondary sanctions. The bill, dubbed as Digital Asset Sanctions Compliance Act, which is authored by Senator Elizabeth Warren and ten other sponsors, aims to stop Russian President Vladimir Putin and his allies from using cryptocurrencies. This goes against the ideology and ethos of Cryptocurrencies more so Bitcoin. If this bill goes through it will be contrary to neutrality, censorship resistant and decentralized.

Major crypto exchanges like Coinbase and Kraken have already stated that they would not implement the bill unless it becomes a law. Furthermore, most of the Biden administration’s officials have already declared that they do not think Russia could evade sanctions by using digital currency as its market lacks liquidity to allow high-volume business dealings. Factually we wrote here that, this is only 0.3% of the global net worth in crypto (https://t.me/decryptedge/1040)

Nonetheless, the U.S. Treasury Department declared that crypto firms must follow the sanctions as the law requires it. This is to publicly identify the crypto trading platforms abroad that are most likely to evade sanctions and money laundering. Moreover, this is also to report any taxpayers in the U.S. that engage in any offshore crypto transaction worth more than $10,000.

Wishing you a blessed weekend ahead and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.

The Calm Before the Storm, or Just a Passing Cloud.

Thoughts on the market on 19. 03. 2022

Bitcoin's attempt to pass through the resistance area at $42,000 was unsuccessful; at the time of writing the review, Bitcoin is trading at $41,670. Total Crypto Market capitalization $1.880 Trillion, BTC dominance index 42.1% and fear index of 28.

The stock markets were up yesterday, contrary to our expectation. Oil closed above 107, dollar index at 98.2 This means that the significance of the geopolitical factor is decreasing, apparently, market participants believe that the worst that could happen has already happened, and the situation can only improve further.

Bitcoin stubbornly gnaws through the resistance area $41,800- $42,600. The first attempt ended with a pullback from $42,320, now more than 12 hours Bitcoin is consolidating around $41,700 - $41,800. Fixing above 42600 will provide the basis for achieving the Market capitalization above 2 Trillion and Bitcoin hitting $45K. In that case expect Bitcoin above $50K in a matter of a very short time. If Bitcoin does not consolidate above $42,600, but remains in the range with the lower boundary of $41,500- $41,700 and the upper boundary of $42,300- $42,600, we will see a good growth of altcoins. You may find some good trading prospects with FTT.(FTX Token) and LINK.

The second option is a priority for the weekend, and the first - next week. But this won't last long. Lest we forget: With an unfavorable external background, we can go to $35K and test the absolute bottom of the $28K- $32K range.(https://t.me/decryptedge/952) we spoke about it back on January 12th.

This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge

Thoughts on the market on 21. 03. 2022

Bitcoin predictably failed to overcome the resistance area of ​​$41,800- $42,600 over the weekend, and rolled back to support at $40,500. At the time of writing this review, Bitcoin is worth $40,875.

Total Market capitalization is $1.852 Trillion, BTC Dominance index of 42.1%,
Fear index 30.

Powell's performance today (5:00PM East Africa Time) is to watch. This is on the weekly release containing daily rates of exchange of major currencies against the U.S. dollar. The data are noon buying rates in New York for cable transfers payable in the listed currencies. This could affect the market if something unexpected is said. So far, the expected and minimal rate increase in the US has not had a negative impact on the market, since the real rate (adjusted for inflation) is in a deep negative zone.

In addition, European money is also flowing into the American market. They are fleeing because very difficult times are brewing in the EU. The Producer Price Index (PPI) rose to double digits over the year, indicating strong inflation. Considering that anti-Russian sanctions will hit Europe the hardest, since economic ties with the United States have already been at a minimum in recent years, the rise in prices for raw materials, energy, food, supply reduction due to a break in supply chains will accelerate inflation in Europe even more. stronger.

With further development of events - Bitcoin still maintains the range of $40,500 - $42,500, with further attempts to consolidate above $42,600, chances for this are slimming. The other option is a departure below $40,500 with a possible test of the resistance area at $39,300 - $38,800 is an alternative option and our bias take.

The SEC v. Ripple's lawsuit is currently waiting for a court decision on the SEC’s motion for reconsideration. Lots of expectations which could result in a potential major trigger for the next price moves in the XRP market. The digital asset’s market performance has disappointed many, who believe the court case has caused hesitancy in XRP adoption within the industry. Most XRP holders and investors may have also refrained from buying or doubling down on their holdings. The delisting of XRP at Coinbase and many other US exchanges also took its toll.

American economist and investment strategist Lyn Alden last week said that the central banks of different countries will soon become interested in Bitcoin as an asset for storing reserves that cannot be blocked. “As soon as sovereign wealth funds pay attention to bitcoin, the Central Bank will soon become interested in it.” There is logic in this - after the reserves of the Central Bank of Russia were stolen, and before that, an equally sad story happened to the reserves of Afghanistan, any sane Central Bank will reduce reserves in dollars and euros. Alden added that the more bitcoin spreads, the more liquidity it has. This means that more often central banks will consider it as a viable mutual reserve asset. Firstly, it cannot be blocked by a third party unilaterally, and secondly, with the help of bitcoin, you can bypass sanctions and carry out international transactions.

Analysts at the financial company Deloitte are also of the opinion that the Central Bank will use bitcoin. They argue that BTC can become a benchmark for the global development of central banks' own digital currencies. The FBI from the recent past have emphasized that the US has vast experience in tracking cryptocurrencies, and Russia will not be able to use them to circumvent sanctions. The Senator from Massachusetts also submitted a bill to Congress blocking the ability to fight anti-Russian sanctions with the help of crypto assets.

This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge

Crypto users in Africa grew by 2,500% in 2021: Nairobi Leads with 64% in EA. KuCoin Report
Thoughts on the market on 22. 03. 2022

Bitcoin worked out a variant of yesterday's review most of the time remaining in the range of $40,750 - $41,300.This morning it moved to growth to a high of $43,337

Total Crypto Market cap of $1.901, BTC dominance index of 41.8%, fear index 26.

Oil is now rising, already at $118. The dollar index is rising, now 98.6. The rise in oil is taking place against the backdrop of discussions about the idea of ​​an oil embargo for Russia. Not the smartest thing to do with oil above 110, record food prices, rising inflation and protests over fuel prices.

For further Bitcoin’s growth, it is necessary to consolidate above $42,600. I think that this is a priority option for today. If this option is worked out, we will see the long-awaited capitalization above $2 Trillion, and the next target for Bitcoin will be fixing above 45K. Alternative option - Bitcoin in the range of $42600- $40,500. Against the background of Bitcoin, altcoins are growing in the range and the dominance index is falling.

According to a Kucoin exchange report, the number of crypto users in Africa in 2021 increased by 2500%. The report cites that “more than 88.5% of cryptocurrency transactions made by Africans are cross-border transfers.” Low fees mean that “users pay less than 0.01% of the overall amount of the transaction transferred in cryptocurrencies.” From high inflation levels and swelling smartphone penetration — effectively allowing anyone to become their own bank —

Africa also has a young and digitally native population that is accustomed to digital currencies. Africa is a robust testing ground for the problems which cryptocurrencies attempt to solve. Johnny Lyu, CEO of KuCoin did add a note of caution to the staggering growth levels: “That rate of growth can depend on both local policy-makers and separate officials’ stances on cryptocurrencies. Still, I believe that a promising future for digital money in Africa is inevitable.”

The reports noted that Cape Town and Lagos are the powerhouses of the digitization process in Africa. It reads, “Cairo, Cape Town and Lagos can be considered the engines of the digitization process in the region. Kenya is a separate area of focus in East Africa, with the number of cryptocurrency transactions in Nairobi — its capital — being 64% higher than in the rest of the region.”

This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge

Thoughts on the market on 23.03.2022

Bitcoin, after updating a high above $43,500, rolled back to $42,200 - $42,000, and it's currently trading here. Total Crypto Market capitalization of $1.918 Trillion, BTC dominance index of 41.9%, fear index 31.

James "Jim" Bullard is the president and CEO of the Federal Reserve Bank of St. Louis' harsh statements about the need for a more aggressive Fed policy did not impress or frighten the market. This is not surprising. Why is a rate hike usually bad for the stock market?
Without going into details, it is because capital is leaving the risky stock market for topics with guaranteed income and minimal risk (government bonds, bank deposits). The picture is now different. The real dollar rate is in a deep negative zone.

Consequently, fiat is now becoming cheaper every day, losing in price relative to growing assets, raw materials, and energy carriers. The stock market, like other topics with risk and potential, is now more attractive in the eyes of a reasonable investor than being in fiat.
Keep in fiat what you are ready to lose - back in 2020 we mentioned.

The priority option for today is Bitcoin in the range with the lower limit at $41,800 - $42,200 and the upper limit at $43,500. At the same time, the stabilization of the price of Bitcoin at the upper limit of the range, above $43K, will enable the market capitalization to gain a foothold above 2 Trillion, which will create a good foundation for further growth. An alternative option is a transition to the range of $41,800- $40,500. This is possible in case of an external negative, and this will not take much time.

The Central Banks of Malaysia, Australia, Singapore and South Africa are going to launch a platform for operations with CBDC. The main purpose is the use in international settlements.
This is the same trend towards avoiding the dollar and anti-globalization. The project identified three critical questions: which entities should be allowed to hold and transact with CBDCs issued on the platform? How could the flow of cross-border payments be simplified while respecting regulatory differences across jurisdictions? What governance arrangements could give countries sufficient comfort to share critical national infrastructure such as a payments system?


This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge

Putin demands 'unfriendly countries' pay for #Russian Gas in Rubles as Joe #Biden Arrives in Europe for Summits: Zelenskiy says #Ukraine awaits ‘meaningful steps.

Total Crypto Market capitalisation of $1.949 Trillion, BTC dominance index of 41.8%, fear index 40. Oil is back above 122 again, the dollar index is slightly below 98.8. The Fed, represented by Lorreta Mester, reiterated the need to reduce the balance sheet and raise rates by 0.5%. A month ago, on such rhetoric, the S&P 500 to 4100 would have rolled back in a couple of days. The reaction of the market is quite moderate, because, firstly, the real interest rate is now generally negative, and secondly, geopolitical risks are now taking the center stage.

Yesterday's statement by Vladimir Putin on the transition to payments for gas in rubles is another blow to the existing world order, which is based on the economic, military and informational dominance of the West. In his statement, "I have decided to implement ... a series of measures to switch payments — we'll start with that — for our natural gas supplies to so-called unfriendly countries into Russian rubles," Putin said in a televised government meeting, adding that trust in the dollar and euro had been "compromised" by the West's seizure of Russian assets. If Saudi Arabia joins the “pay for energy in national currencies” trend, which is already discussing with China the transfer of payments for oil in yuan, then the situation for the status of the dollar as the world reserve currency will become threatening.

The aggravation of the situation in Europe, the involvement of third countries in the conflict can put this trend on pause, in which the United States is extremely interested. That is why Biden is meeting today in Brussels with the leaders of the G7, NATO and the EU. He will also go to Poland..

If the European participants in the process are smart enough not to follow the lead of their overseas partner and not create chaos in Europe, the markets will perceive this as a strong positive.

Bitcoin clearly worked out the priority option of yesterday's review. After testing the lower limit of the range at $41,800, it moved to growth, reaching $43,300. It is now slowly declining, finding intermediate support at $42,600 - $42,700. A departure below $42,600 will potentially see a return to the previous range with the lower limit at $41,800- $42,200 and the upper limit at $43,500.

If it holds above $42,600 for the next 6-8 hours, and even better, it fixes above $43K, the option of taking $43,500 becomes a priority, increasing the capitalisation of the crypto market above $2 Trillion. followed by the $45k target.

This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge

Thoughts on the market on 25.03. 2022

Late Update: Bitcoin continued to grow, having worked out the priority option from yesterday's review.

Market capitalization $1.996 Trillion, dominance index 41.9%, fear index 47.

Again, Fed spokesman Charles Evans declares that the regulator is ready to raise the rate by 0.5% at once. Another Fed spokesman announced the reduction of the balance sheet already in May. Markets do not react to such aggressive rhetoric as the main risks now are geopolitics, runaway commodity and food prices, and a looming food crisis.

Recently, on the channel, we spoke about anti-globalization, which is now rapidly changing the previously existing picture of the world. Reducing the role of the dollar in reserves and international payments, breaking economic ties, dividing the previously single economic space into sectors separated by barriers. Read more here.

The head of BlackRock (an investment company with $10 trillion in assets) says very similar things in his letter to shareholders. Today, market movements will be influenced mainly by news from Brussels - will there be further escalation and involvement of third countries in the conflict, or will the instinct of self-preservation still prevent unreasonable and dangerous actions for the world? It is also possible to reduce the indices due to the closing of positions before the weekend. Especially if the information from Brussels is disturbing.

Bitcoin has attained the 45K level exceeding it by $136, and rejected now for the third time. Given the expiration of Bitcoin futures and the opening of new ones on Monday, it is logical that the price will be pushed down until Monday. Two years ago, this would have been a priority scenario, but now CME futures affect the price much less. Therefore, after the rejection at $45K and if Bitcoin stays above the $43,500- $42,800 area until Monday, then the final consolidation above $45K will be a matter of the next few days. Or else we see some red price action at the background on unfavorable news. Highly likely.

Over the past 3 months, the fear index has entered the neutral zone three times, but did not stay there for more than 2-3 days, after which a drain always followed. Let's see what happens this time. Interestingly, Russia allowed the possibility of selling oil and gas for Bitcoin.
The idea is good, but not yet. Since in this case, Bitcoin will become a big threat to the dollar, a US reaction will be appropriate. Powell is already talking unhealthy.

This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge

Thoughts on the market as of 01.04. 2022. After Bitcoin broke through above 45K. Price has now declined to $44,300, a low of $44,200 is already set. Market capitalization $2.052 Trillion, dominance index 41.5%, fear index 50. I missed updating the on rally to $48,126. Been away since Saturday.

Markets are reacting to a new reality - rising inflation, rising prices for almost everything, breaking old ties and alliances, sanctions and barriers. This is anti-globalization and the main threat is that in addition to record inflation, the economy is clearly shrinking. Sanctions, barriers, disruption of supply chains and rising costs will inevitably lead to just such a result.

A falling economy combined with rising inflation is the worst thing that can happen to an economy. Monetary based solutions or methods cannot be of much help now. It is impossible to either raise the rate (increase costs, finish off the economy), or lower it (where, if inflation is already at its maximum). The result is a stagflationary spiral, the way out of which by economic methods will be difficult and long. Some may e use non-economic methods.

Bitcoin has been declining for over 12 hours. Those who bought Bitcoin above 47K on FOMO, and now will sell for fear of the onset of another crypto winter, only to then buy above 50K.

A fundamental reason for the fall now could also be information from the EU, where a decision was made to ban even small cryptocurrency transfers without verification.
Sounds menacing, this is only a draft that will be considered at the plenary meeting this month.
Even if this obscurantism is eventually accepted, it will not hurt the market much.
First, in Europe the world did not converge like a wedge. Those who want to maintain privacy (and many go into the crypto for this) can do this in other jurisdictions. Secondly, this has already happened. Let's remember the 5th EU Directive in 2019. The market digested it and adapted.

The priority option is for Bitcoin to return to 45K, in the next 12hrs. An alternative option is a decline to the support area of $43,200- $42,800.

This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge

Thoughts on the market as of 04.04.2022

Bitcoin completed the priority version of Friday’s review. Went above $45K and moved in the range of 45500-47500 for the last two days. At the time of writing the review, Bitcoin is trading at $46,177. Total Crypto Market capitalization of $2.144 Trillion, BTC dominance index of 40.7%, fear index 52.

The driver for the markets this week could be the FOMG protocols, if there is something unexpected about the rate increase and balance reduction. It is also interesting whether the US will be able to incite other countries to a flash mob to drain strategic oil reserves into the market, and significantly collapse the price.

The main negative for the market is inflation with a real threat of turning into stagflation, rising energy prices, an impending food crisis, and geopolitical risks.Everything that softens or at least pushes back these threats will be positive.

Price movement for Bitcoin:a probable attempt to overcome the resistance area at 47500-48200 as a priority option, further depends on the success of this attempt.
Alternative option - Bitcoin in the range of 45-47K

This week (April 6-8), Miami will host the Bitcoin 2022 conference. This is an important event in the industry, during which important announcements and announcements often occur. For example, during the last conference, the President of El Salvador announced that Bitcoin would be given the status of an official currency. I think there will be something no less interesting at this conference. Perhaps of interest will be related to Apple.

This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge

Thoughts on the market as of 04. 05. 2022

Bitcoin remained in the $45,130- $46,900 range during the day, having worked out an alternative version of yesterday's review. After testing the lower limit of the range, Bitcoin moved to growth. It is now trading around $46,700. With a Market capitalization of $2.162 Trillion, BTC dominance index of 41.0 and fear index of 53.

The oil market was not impressed by Biden's statements about the sale of strategic reserves that were made earlier, oil is now above $109 (BRENT). This despite the truce between Saudi Arabia and the Houthis. This is how the expectation of new anti-Russian sanctions affects the market. Interestingly, the United States, being the main initiator and organizer of these same sanctions, is nowhere near the plight of its European partners. Not only did they not stop importing oil from Russia, but also increased the volume of supplies by 43%. The dollar index was above 99 yesterday, now it is 98.9, the S&P 500 futures are in a slight negative.

Interestingly, large US investors, including Buffett's Berkshire Hathaway (whose shares are the most expensive in the world), are making large purchases of oil stocks, despite the fact that they are now at the highs. They understand that dollars and euros can be printed, but oil and gas cannot. Just reminds me of the tweet by James G Rickards, NY Times bestselling author: The New Great Depression. “Before the invasion, the USD/RUB cross rate was 80.0. Today the USD/RUB cross rate is 80.5 bid. Sanctions have had no impact on the Russian ruble at all. But sanctions will cost Americans and Germans billions of dollars through higher energy costs and inflation. Enjoy.”

The most anti-inflationary asset - Bitcoin - has been moving between $45K and $47K for the last 24 hours. The bottom of the range was tested, a quick buyout from $45,130 went up to $46,900 followed by consolidation around $46,500- $46,600, where Bitcoin has been for the last 6 hours.
Probably expect attempts to pass the resistance area at $47,500 - $48,200 as we await for informational occasions from the Bitcoin2022 conference #Miami,

This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge

Thoughts on the market on 06.04.2022

Bitcoin briefly went below $45K at night, the correction to $44,400, after which a return to the previous range followed. At the time of this writing, Bitcoin is worth $45,260.
Total Crypto Market capitalization is $2.085 Trillion, BTC dominance index of 41.2% and fear index 48.

The markets are under pressure from the statements of the Fed representatives about more aggressive monetary policy, and the expectations of the March FOMC, which will be published today. A sober reminder that it was the FOMC that brought down the market in January.
The dollar index peaked above 99.6 and is now at 99.56. These were 2020 September - December coronapsychosis levels. Oil is above $106.

Today is the first day of the Miami conference. I think it will be something interesting. Like about El Salvador last year, but cooler.

The priority option for Bitcoin today is movement in the range of $44,400- $47,500.
Correction below may be against the backdrop of further growth of the dollar index or the general negative on the markets. Neither the short-term (fixation above $48,200 with the subsequent movement to 50K), nor the medium-term ones, which are mentioned, do not change. We are still looking for another dump as long as no weekly breakout happens above 50/55K. ​​We still take the bearish side as long as BTC is below $55K/ $65K weekly. The current movement as we said since 21 Nov 2021 when BTC at $60K "we are looking for a breakdown in Q1 of 2022 to $40(breakdown has happened already) next level is /32K/28K!". Next dates: 11th, 17th and 27th April.

These dates do not tell you to buy or sell, but you can use it in your TA as a time factor for patterns, trends, etc.

This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge

Thoughts on the market on 06.04.2022

Bitcoin briefly went below $45K at night, the correction to $44,400, after which a return to the previous range followed. At the time of this writing, Bitcoin is worth $45,260.

Total Crypto Market capitalisation is $2.085 Trillion, BTC dominance index of 41.2% and fear index 48.

The markets are under pressure from the statements of the Fed representatives about more aggressive monetary policy, and the expectations of the March FOMC, which will be published today. A sober reminder that it was the FOMC that brought down the market in January.

The dollar index peaked above 99.6 and is now at 99.56. These were 2020 September - December coronapsychosis levels. Oil is above $106.

Today is the first day of the Miami conference. I think it will be something interesting. Like about El Salvador last year, but cooler.

The priority option for Bitcoin today is movement in the range of $44,400- $47,500.

Correction below may be against the backdrop of further growth of the dollar index or the general negative on the markets. Neither the short-term (fixation above $48,200 with the subsequent movement to 50K), nor the medium-term ones, which are mentioned, do not change. We are still looking for another dump as long as no weekly breakout happens above 50/55K. ​​We still take the bearish side as long as BTC is below $55K/ $65K weekly. The current movement as we said since 22 Nov 2021 when BTC at $60K "we are looking for a breakdown in Q1 of 2022 to $40(breakdown has happened already https://t.me/decryptedge/860) next level is /32K/28K!". Next dates: 11th, 17th and 27th April.

These dates do not tell you to buy or sell, but you can use it in your TA as a time factor for patterns, trends, etc.

This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research

Thoughts on the market on 07.04.2022

Bitcoin continued to decline, to a low of $42,720 in tandem with our bearish bias. It later bounced back and at the time of writing this it is trading for $43,490. Total Crypto Market capitalization of $1.986 Trillion, BTC dominance index of 41.4%, fear index at 34.

The FOMC protocols were negative for the market (raising the rate by 0.5%, reducing the balance sheet after the May meeting of the Fed, and at a faster pace than in previous cycles), but this negative was expected, because it did not cause any collapse.

Bitcoin tested the strength of the support area. The correction below $43K was quickly bought out, but there is no growth as price has stabilized around $43,200 - $43,300. Market capitalization at the same time fell below $2 Trillion.

The market is under pressure from a rising dollar index, as well as expectations of negativity from the United States, where a bill has been submitted to the House of Representatives to curb sanctions evasion with the help of cryptocurrencies. The Hydra story can also be used for FUD if there is interest. Especially when you consider where the Garantex office is located, which the US Treasury tied to Hydra. All of the above can affect the market in the short term.

What to expect from the market today?

If the support at $42,800 fails and the price consolidates lower, the next support area will be at $42,200 - $41,800. Fixing above $43,800, the return of capitalization above 2 Trillion, will indicate an imminent return above 45K and a resumption of growth. Chances of this are slim now. This can however happen very quickly, on good news coming out from the conference.

Pay attention to the dominance index - altcoins do not fall relative to Bitcoin, which means that there is no real fear in the market yet.

This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge.

Miami’s Crypto Craze on full Display at Bitcoin Conference. “No Shiny, Bronze Balls Here”

Thoughts on the market on 08.04 .2022

Bitcoin bounced back to the trading range of $43,200 - $43,750 for the last 12 hours, and at the time of writing this review it is trading for $43,620. With a Total Crypto Market capitalization of $2.021 Trillion, BTC dominance index of 41.0% and fear index 37.

The growth of the market brings to mind the popular “dead cat bounce” pattern. Considering the growing dollar index, which is stubbornly approaching 100, information from the Fed about the reduction of the balance sheet from May to $95 billion a month, the growing geopolitical tensions and profit taking on the last trading day of the week, I think that most indices will drop today.

For further growth, it is necessary for bitcoin to touch the zone of local resistance at $43,800 - $44,200, and gain a foothold above it. This is the probable priority option. The alternative option is Bitcoin in a range with a lower limit at $42,800 - $42,500 and an upper limit at $44,000 - $44,200. In the case of working out the priority option over the weekend, expect a strong growth of altcoins.

Interestingly, in Miami, they launched their own cryptocurrency and the state authorities also erected a monument to the cryptobull. Dozens of companies are using the Bitcoin 2022 conference running Wednesday through Saturday as a venue to network, pitch ideas and share announcements. The largest crypto company to move to Miami so far, Blockchain.com, will house 200 employees at a location in the hip Wynwood district, where other tech firms are setting up shop as well. “No, it’s not the beginning of the robot apocalypse. It’s not an NFT come to life. It’s not the final boss in a video game. And it doesn’t poop bitcoins.” “Welcome to the future of finance,” said Miami Mayor Francis Suarez as a blue shroud pulled back to reveal the Miami Bull, a 3,000-pound futuristic statue modeled after Wall Street’s iconic Charging Bull.

The massive Miami Bull has the same dimensions as the Charging Bull and has his head lowered in the same fighting stance, too. (Unlike its New York counterpart, though, the Miami Bull is neutered. No shiny, bronze balls here.) Source: miamiherald

Lastly, a Bloomberg Intelligence report on crypto has been released, the main theses - Bitcoin has shown itself to be more stable than the stock market, Bitcoin is a very attractive asset in the long term, it becomes a collateral instrument and a reserve asset.

Wishing you a blessed weekend and remember this is not traditional investment advice. Must do your own research. D.Y.O.R. #Decryptedge.