#Bitcoin met expectations by the end of the year and updated its ATH. #decryptedge market thoughts spoke about the inevitability of this since July and many times in November when it became apparent.
The question is what will happen next?
It is clear that a correction is inevitable. This is how the market works; it cannot grow all the time. Therefore, the only question is when this correction will take place, how much Bitcoin will fall, and how long it will last. Consider the below options for the development of events.
1. Bitcoin is now moving between 22K and 24K, alts are growing, capitalization is approaching 700 billion or a little further. A further correction to 17-18K and a subsequent 500 billion in capitalization means further growth to market capitalization to 1 trillion. Consider this option a priority.
2. Bitcoin continues to move up from current levels or after a spill to 20600-20000. Since Bitcoin has never been in this territory at all, there are no historical resistances here, you can only focus on the psychological levels of 25K and 30K.
If #Bitcoin gains a foothold above 25K, and especially above 30K next week, there will be a strong FOMO crowd, deteriorating audience quality and a correction, when it does come, will be longer and deeper.
Alts in this case are moderately growing against the dollar, falling against Bitcoin, and the prospects for the altseason depend on how long Bitcoin will be at the highs reached.
3. Bitcoin from the current levels goes below 20K. Possible on the FUD wave, the bottom, in this case, is unlikely to be deeper than 17-18K.
If you prioritize the options, then 1-2-3.
Option 1 is prioritized because this is a standard market cycle. After the growth of Bitcoin, alts always grow and there is now no particular reason to deviate from this standard.
The departure from the usual pattern of the past three years is likely to be different. At the end of 2017-beginning of 2018, and in February 2020, and in August-September 2020, it has always been like this - the growth of Bitcoin, the growth of alts, the drain of the entire market.
Now, most likely, there will be no strong Bitcoin drains. Of course, we could be wrong, but we are unlikely to see it below 15K.
The reason is that Bitcoin's audience has changed. Therefore, there will be no strong drains, and the volatility will decrease. In the altcoins, everything will remain the same for now - hamsters, deer, volatility. We will not see the dominance index below 50%, this is in the medium term. We will discuss this in our plans for 2021, which we shall update here.
By the time of correction - in case of working out the priority option next week, we expect the growth of altcoins, which can be continued in the new year. By the second half of January, in anticipation of the #Chinese New Year, there will be a correction.
As always, wishing you a great day ahead and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge
The question is what will happen next?
It is clear that a correction is inevitable. This is how the market works; it cannot grow all the time. Therefore, the only question is when this correction will take place, how much Bitcoin will fall, and how long it will last. Consider the below options for the development of events.
1. Bitcoin is now moving between 22K and 24K, alts are growing, capitalization is approaching 700 billion or a little further. A further correction to 17-18K and a subsequent 500 billion in capitalization means further growth to market capitalization to 1 trillion. Consider this option a priority.
2. Bitcoin continues to move up from current levels or after a spill to 20600-20000. Since Bitcoin has never been in this territory at all, there are no historical resistances here, you can only focus on the psychological levels of 25K and 30K.
If #Bitcoin gains a foothold above 25K, and especially above 30K next week, there will be a strong FOMO crowd, deteriorating audience quality and a correction, when it does come, will be longer and deeper.
Alts in this case are moderately growing against the dollar, falling against Bitcoin, and the prospects for the altseason depend on how long Bitcoin will be at the highs reached.
3. Bitcoin from the current levels goes below 20K. Possible on the FUD wave, the bottom, in this case, is unlikely to be deeper than 17-18K.
If you prioritize the options, then 1-2-3.
Option 1 is prioritized because this is a standard market cycle. After the growth of Bitcoin, alts always grow and there is now no particular reason to deviate from this standard.
The departure from the usual pattern of the past three years is likely to be different. At the end of 2017-beginning of 2018, and in February 2020, and in August-September 2020, it has always been like this - the growth of Bitcoin, the growth of alts, the drain of the entire market.
Now, most likely, there will be no strong Bitcoin drains. Of course, we could be wrong, but we are unlikely to see it below 15K.
The reason is that Bitcoin's audience has changed. Therefore, there will be no strong drains, and the volatility will decrease. In the altcoins, everything will remain the same for now - hamsters, deer, volatility. We will not see the dominance index below 50%, this is in the medium term. We will discuss this in our plans for 2021, which we shall update here.
By the time of correction - in case of working out the priority option next week, we expect the growth of altcoins, which can be continued in the new year. By the second half of January, in anticipation of the #Chinese New Year, there will be a correction.
As always, wishing you a great day ahead and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge
Should I buy Bitcoin right now? Thoughts on the market on 22.12.2020:
#Bitcoin tested the lower border of the trading range during the last 24 hrs, reaching lows below 22K. The correction was brought back and the price returned to 22800-23000, where it is currently being traded. Total Crypto-Market capitalization is at $638 billion and #BTC dominance index of 66.6%.
Fear returned to traditional markets in the first half of yesterday’s trading session. European indices corrected down, losing 2-3%, futures for US indices moved in the same direction, futures for the S&P 500 fell to almost 3600, and the dollar index reached 90.94.
The understanding came to the market that this story with the British modification of the virus strongly resembles manipulation and native advertising of the vaccine, the markets went to growth. This was also helped by the adopted support package, which was announced yesterday. As a result, the S&P 500 closed at 3694, losing only 0.39% from the results of Friday evening, the Dow Jones rose by 0.12%, the Nacdaq lost 0.1%. Now the situation has practically not changed - futures for the S&P 500 at 3688, the dollar index at about 90, gold at 1887.
The support package could have triggered a Christmas rally, but because of yesterday's panic, it just brought the markets back to their original position.
The stock market is becoming more and more like the crypto market - stocks growing by several hundred % per day information manipulations that move the markets, a crowd of deer happily buying up assets at the highs and losing falling by a couple of percent, reminds the crypto market of the 2017-2018 rally. The principle of audience quality is in action.
On the crypto market, this option is still working out: Bitcoin confirmed the lower border of the 22K-24K range, the price pushed off the support and reached 23200, and twice in the last 10 hours bounced off this level down. With Bitcoin falling by 1000 points, the alts, as always, suffered even more. Nonetheless with a stable Bitcoin in the range of 22000-24000, the growth of the top altcoins is inevitable, and such a drain is a good opportunity to enter. If not sure contact @decryptedge.
There was a lot of negativity yesterday - the hacking of EXMO, with which assets were taken away. #EXMO, one of the popular crypto exchanges in Ukraine and Russia, suffered a hack. According to The Block Research, EXMO appears to have lost $10.5 million worth of funds. The exchange provided the list of stolen coins along with their addresses, and the analysis shows that most of the funds have been sent to #Poloniex. The lost coins include bitcoin (BTC), ether (ETH), XRP, ether classic (ETC), Tether (USDT), and Zcash (ZEC). Technical problems too with #Binance, which did not work for several hours (the situation did not affect Binance Futures), foreign markets in the morning also put pressure on the crypto market. If against such a background the maximum that the bears have achieved is a short-term decline to 22K, then everything is going correctly and according to plan.
Today I expect Bitcoin to continue moving in the range of 22000-24000. If we pass 23200 - we are moving to the upper border of the range, if we do not pass - we can go back to 22K. Most probably Bitcoin will be relatively stable in the coming days, alts will return to growth.
The MicroStrategy company, which has been buying Bitcoin for a long time has already made good money on it. Bought Bitcoin at 21925 worth 650 million. We have mentioned here that large players will buy at any correction and right here is the confirmation. The volume of open positions in Bitcoin - futures on CME has renewed its maximum, reaching 1.47 billion.
Should I buy Bitcoin right now? I Am sure many are tormented by that question. Especially torments those who sold it for 17-18K. Buying and waiting for a fall is scary. Not buying it and watching it grow to 30K is even worse. More on this here: https://t.me/decryptedge
#Bitcoin tested the lower border of the trading range during the last 24 hrs, reaching lows below 22K. The correction was brought back and the price returned to 22800-23000, where it is currently being traded. Total Crypto-Market capitalization is at $638 billion and #BTC dominance index of 66.6%.
Fear returned to traditional markets in the first half of yesterday’s trading session. European indices corrected down, losing 2-3%, futures for US indices moved in the same direction, futures for the S&P 500 fell to almost 3600, and the dollar index reached 90.94.
The understanding came to the market that this story with the British modification of the virus strongly resembles manipulation and native advertising of the vaccine, the markets went to growth. This was also helped by the adopted support package, which was announced yesterday. As a result, the S&P 500 closed at 3694, losing only 0.39% from the results of Friday evening, the Dow Jones rose by 0.12%, the Nacdaq lost 0.1%. Now the situation has practically not changed - futures for the S&P 500 at 3688, the dollar index at about 90, gold at 1887.
The support package could have triggered a Christmas rally, but because of yesterday's panic, it just brought the markets back to their original position.
The stock market is becoming more and more like the crypto market - stocks growing by several hundred % per day information manipulations that move the markets, a crowd of deer happily buying up assets at the highs and losing falling by a couple of percent, reminds the crypto market of the 2017-2018 rally. The principle of audience quality is in action.
On the crypto market, this option is still working out: Bitcoin confirmed the lower border of the 22K-24K range, the price pushed off the support and reached 23200, and twice in the last 10 hours bounced off this level down. With Bitcoin falling by 1000 points, the alts, as always, suffered even more. Nonetheless with a stable Bitcoin in the range of 22000-24000, the growth of the top altcoins is inevitable, and such a drain is a good opportunity to enter. If not sure contact @decryptedge.
There was a lot of negativity yesterday - the hacking of EXMO, with which assets were taken away. #EXMO, one of the popular crypto exchanges in Ukraine and Russia, suffered a hack. According to The Block Research, EXMO appears to have lost $10.5 million worth of funds. The exchange provided the list of stolen coins along with their addresses, and the analysis shows that most of the funds have been sent to #Poloniex. The lost coins include bitcoin (BTC), ether (ETH), XRP, ether classic (ETC), Tether (USDT), and Zcash (ZEC). Technical problems too with #Binance, which did not work for several hours (the situation did not affect Binance Futures), foreign markets in the morning also put pressure on the crypto market. If against such a background the maximum that the bears have achieved is a short-term decline to 22K, then everything is going correctly and according to plan.
Today I expect Bitcoin to continue moving in the range of 22000-24000. If we pass 23200 - we are moving to the upper border of the range, if we do not pass - we can go back to 22K. Most probably Bitcoin will be relatively stable in the coming days, alts will return to growth.
The MicroStrategy company, which has been buying Bitcoin for a long time has already made good money on it. Bought Bitcoin at 21925 worth 650 million. We have mentioned here that large players will buy at any correction and right here is the confirmation. The volume of open positions in Bitcoin - futures on CME has renewed its maximum, reaching 1.47 billion.
Should I buy Bitcoin right now? I Am sure many are tormented by that question. Especially torments those who sold it for 17-18K. Buying and waiting for a fall is scary. Not buying it and watching it grow to 30K is even worse. More on this here: https://t.me/decryptedge
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KryptoEdge
#Bitcoin & Digital Assets Beyond the Hype!
Daily insights, overview and filter summarized #Crypto global updates.
Admins: @DkryptoL Website: https://decryptedge.com/
Daily insights, overview and filter summarized #Crypto global updates.
Admins: @DkryptoL Website: https://decryptedge.com/
As always, wishing you a fruitful day ahead and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #decryptedge.
Bitcoin 2021: What Next? Thoughts on the market as of 23.12.2020
#Bitcoin fixed above 23K during the last 24hrs and continued to grow. For more than 5 hours now, it has been trading above 23,500, for a moment it went above 24K and back. Currently trading at 23,550-23,660 price range. Total Crypto-Market capitalization is at $653 billion and #BTC dominance index of 67.3%.
Financial markets are almost in place - the Dow Jones lost 0.67%, the S&P 500 fell 0.21%, and the Nasdag added 0.51%. Oil is back below 50, gold is trading around 1870, and the dollar index is below 90.5. #Apple shares have grown on the news of the success in work on the electric car, the 900 billion aid package has been adopted by lawmakers and is awaiting Trump's signature (this signature no longer has any practical significance - Trump will not sign now, Biden will sign after his inauguration on January 20. Nothing significant will happen in traditional markets by the end of the week.
On the cryptomarket, Bitcoin since yesterday passed 23200, consolidated above 23500 and continued to move to the upper border of a wide trading range of 22000-24000, which he spoke about here. With the growth of altcoins, it is not particularly developing - after a rise over the weekend and a drawdown on Monday, they did not restore their positions, and the situation with XRP brought the dominance index above 67%.
We need to understand the picture of the market as a whole - Bitcoin is moving towards 24K, the dominance index is high, the holidays are ahead, which means, most likely, Bitcoin will be stable. Of course, everything happens in the markets, nonetheless in such a situation, the growth of the TOP of altcoins in the near future is the highest priority option.
Wirex has been granted Principal Member status in the VISA system. Of the crypto services, until now, only Coinbase had such a status. It is difficult and costly to get this status, and if they did it, we expect a mass product from this service in 2021.
Bitcoin 2021: What Next?
The Clem Chambers who is the CEO of leading stocks and shares information site, ADVFN, and author of the Amazon number 1 best sellers 101 Ways to Pick Stock Market Winners and Beginner’s Guide to Value Investing, in his recent article says “This is the trajectory I’m expecting over the next few weeks. It is fiendishly difficult to predict these verticals. It doesn’t matter if it’s dot.com, Apple AAPL , Tesla TSLA , bitcoin 2017 or any number of spicy speculations from gold back in the 1980s or commodities in the early 1970s –the vertical’s top has to be a wild guess. The ride is punctuated with gut-wrenching pauses as the price gains momentary equilibrium and fear and greed mix as the stakes get ever higher. He also added that: “Trees don’t grow to the skies, says the old speculator’s proverb, but actually they do, at least from where I stand 100 feet below. So what is an investor—let’s read speculator— to do?” In his piece published by #forbes. He says that, the answer is to keep their position as part of a diversified portfolio or at least deal with it as if this is a goal. If BTC hits $30,000 he will consider lightening up. “I might liquidate but I also might hold on, depending on what is happening.” Bitcoin is less likely to quadruple than ether (ETH) and below these titans there is a world of small token projects bubbling up. One way to diversify is to break up a lumpy bitcoin position into a series of small crypto positions. At BTC $30,000 I will certainly be thinking about that possibility. Clem Chambers @ADVFN. More on this on our Telegram Channel https://t.me/decryptedge
With that post from Clem, I wish you a great day ahead. Remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #decryptedge
#Bitcoin fixed above 23K during the last 24hrs and continued to grow. For more than 5 hours now, it has been trading above 23,500, for a moment it went above 24K and back. Currently trading at 23,550-23,660 price range. Total Crypto-Market capitalization is at $653 billion and #BTC dominance index of 67.3%.
Financial markets are almost in place - the Dow Jones lost 0.67%, the S&P 500 fell 0.21%, and the Nasdag added 0.51%. Oil is back below 50, gold is trading around 1870, and the dollar index is below 90.5. #Apple shares have grown on the news of the success in work on the electric car, the 900 billion aid package has been adopted by lawmakers and is awaiting Trump's signature (this signature no longer has any practical significance - Trump will not sign now, Biden will sign after his inauguration on January 20. Nothing significant will happen in traditional markets by the end of the week.
On the cryptomarket, Bitcoin since yesterday passed 23200, consolidated above 23500 and continued to move to the upper border of a wide trading range of 22000-24000, which he spoke about here. With the growth of altcoins, it is not particularly developing - after a rise over the weekend and a drawdown on Monday, they did not restore their positions, and the situation with XRP brought the dominance index above 67%.
We need to understand the picture of the market as a whole - Bitcoin is moving towards 24K, the dominance index is high, the holidays are ahead, which means, most likely, Bitcoin will be stable. Of course, everything happens in the markets, nonetheless in such a situation, the growth of the TOP of altcoins in the near future is the highest priority option.
Wirex has been granted Principal Member status in the VISA system. Of the crypto services, until now, only Coinbase had such a status. It is difficult and costly to get this status, and if they did it, we expect a mass product from this service in 2021.
Bitcoin 2021: What Next?
The Clem Chambers who is the CEO of leading stocks and shares information site, ADVFN, and author of the Amazon number 1 best sellers 101 Ways to Pick Stock Market Winners and Beginner’s Guide to Value Investing, in his recent article says “This is the trajectory I’m expecting over the next few weeks. It is fiendishly difficult to predict these verticals. It doesn’t matter if it’s dot.com, Apple AAPL , Tesla TSLA , bitcoin 2017 or any number of spicy speculations from gold back in the 1980s or commodities in the early 1970s –the vertical’s top has to be a wild guess. The ride is punctuated with gut-wrenching pauses as the price gains momentary equilibrium and fear and greed mix as the stakes get ever higher. He also added that: “Trees don’t grow to the skies, says the old speculator’s proverb, but actually they do, at least from where I stand 100 feet below. So what is an investor—let’s read speculator— to do?” In his piece published by #forbes. He says that, the answer is to keep their position as part of a diversified portfolio or at least deal with it as if this is a goal. If BTC hits $30,000 he will consider lightening up. “I might liquidate but I also might hold on, depending on what is happening.” Bitcoin is less likely to quadruple than ether (ETH) and below these titans there is a world of small token projects bubbling up. One way to diversify is to break up a lumpy bitcoin position into a series of small crypto positions. At BTC $30,000 I will certainly be thinking about that possibility. Clem Chambers @ADVFN. More on this on our Telegram Channel https://t.me/decryptedge
With that post from Clem, I wish you a great day ahead. Remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #decryptedge
Telegram
KryptoEdge
#Bitcoin & Digital Assets Beyond the Hype!
Daily insights, overview and filter summarized #Crypto global updates.
Admins: @DkryptoL Website: https://decryptedge.com/
Daily insights, overview and filter summarized #Crypto global updates.
Admins: @DkryptoL Website: https://decryptedge.com/
Congratulations, the #US got you cryptocurrency regulation for #Christmas as SEC Sues Ripple Over 7-Year, $1.3B ‘Ongoing’ XRP Sale. Thoughts on the market as of 23.12.2020:
In the last 24hr #Bitcoin first approached the upper border of the trading range, fixing a local maximum above $24200, then began to decline, again testing $22600 for strength.
It's now trading around 23000-22800. Total CryptoMarket capitalization is at $616 billion, and #BTC dominance index 69.0%.
American markets closed slightly higher. Dow Jones added 0.38%, S&P 500 0.07%, Nasdaq lost 0.29%. Markets rallied on strong labor market data and information on the BREXIT deal, which was expected to be announced yesterday. Then it turned out that there was no announcement yet, which caused a reaction from the markets. There is every chance to close the last trading day before Catholic Christmas with growth, especially if the BREXIT deal is announced.
The main negative of the cryptocurrency market is #XRP, which breaks the bottom against the background of the SEC hitting and has already lost its support by 0.3. The rest of the altcoins in the last day followed. The Bitcoin Dominance Index reached annual highs, and the market capitalization lost more than 10%. Bitcoin moves in a wide trading range of 22000-24000.
Interestingly the same time, when it moves to the upper border of the range, the altos grow slightly or stand still, and when moving to the lower one, they tend to break through the bottom, especially Chainlink and XTZ succeeded in this.
The situation with the volatility should be regarded as an opportunity. When else to buy them, if not on the correction?
Jay Clayton, Chairman of the US Securities and Exchange Commission (SEC), is leaving his post until the end of the year. That is, his hitting XRP was just a spectacular completion of activities, and it is far from the fact that it will have practical consequences. Once market participants understand this, XRP will go up and the rest of the alts will follow. And Congratulations, the #US got you cryptocurrency regulation for #Christmas. Under new proposed regulations from the Financial Crimes Enforcement Network, it may become much easier for the government to track bitcoin transactions. And while there’s currently a 15-day comment period open, cryptocurrency exchange Coinbase and the Electronic Frontier Foundation are calling foul because that period includes Christmas Eve, Christmas Day, New Year’s Eve, and New Year’s Day. More on our Telegram Channel @decryptedge.
So in closing expect Bitcoin to return above 23K (possibly after the 22K test) and altcoins to revive even before the New Year. By the same XRP, it seems that the bottom has already formed and we are not going lower.
Regarding the situation with altcoins, we once again recall the quality of the audience: The market crowd is draining senselessly and mercilessly), and it is still the main participant in the altcoin market. The advantage is that when #Altcoin grows, it behaves just as irrational. Those who have now leaked or are draining on altcoins will actively enter them when they grow by 30-50%.
Although at that time it will already be necessary to think about taking profit.
As always, wishing you a great day ahead and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #decryptedge
In the last 24hr #Bitcoin first approached the upper border of the trading range, fixing a local maximum above $24200, then began to decline, again testing $22600 for strength.
It's now trading around 23000-22800. Total CryptoMarket capitalization is at $616 billion, and #BTC dominance index 69.0%.
American markets closed slightly higher. Dow Jones added 0.38%, S&P 500 0.07%, Nasdaq lost 0.29%. Markets rallied on strong labor market data and information on the BREXIT deal, which was expected to be announced yesterday. Then it turned out that there was no announcement yet, which caused a reaction from the markets. There is every chance to close the last trading day before Catholic Christmas with growth, especially if the BREXIT deal is announced.
The main negative of the cryptocurrency market is #XRP, which breaks the bottom against the background of the SEC hitting and has already lost its support by 0.3. The rest of the altcoins in the last day followed. The Bitcoin Dominance Index reached annual highs, and the market capitalization lost more than 10%. Bitcoin moves in a wide trading range of 22000-24000.
Interestingly the same time, when it moves to the upper border of the range, the altos grow slightly or stand still, and when moving to the lower one, they tend to break through the bottom, especially Chainlink and XTZ succeeded in this.
The situation with the volatility should be regarded as an opportunity. When else to buy them, if not on the correction?
Jay Clayton, Chairman of the US Securities and Exchange Commission (SEC), is leaving his post until the end of the year. That is, his hitting XRP was just a spectacular completion of activities, and it is far from the fact that it will have practical consequences. Once market participants understand this, XRP will go up and the rest of the alts will follow. And Congratulations, the #US got you cryptocurrency regulation for #Christmas. Under new proposed regulations from the Financial Crimes Enforcement Network, it may become much easier for the government to track bitcoin transactions. And while there’s currently a 15-day comment period open, cryptocurrency exchange Coinbase and the Electronic Frontier Foundation are calling foul because that period includes Christmas Eve, Christmas Day, New Year’s Eve, and New Year’s Day. More on our Telegram Channel @decryptedge.
So in closing expect Bitcoin to return above 23K (possibly after the 22K test) and altcoins to revive even before the New Year. By the same XRP, it seems that the bottom has already formed and we are not going lower.
Regarding the situation with altcoins, we once again recall the quality of the audience: The market crowd is draining senselessly and mercilessly), and it is still the main participant in the altcoin market. The advantage is that when #Altcoin grows, it behaves just as irrational. Those who have now leaked or are draining on altcoins will actively enter them when they grow by 30-50%.
Although at that time it will already be necessary to think about taking profit.
As always, wishing you a great day ahead and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #decryptedge
Is Bitcoin going down or up? As is Japan Gearing Up to Launch Its Own Digital Currency: Report -Thoughts on the market as of 25.12.2020.
#Bitcoin remained in the range of 22800-23800 throughout the day. After the test of the lower border last night, it went up, reaching values above 23800 a few hours ago, after which it fell to 23500, where it is currently being traded.Total Crypto Market capitalization is at $643 billion and #BTC dominance index of 68.0%.
Stock indices closed with plus from 0.23% to 0.35%. The S&P 500 closed at 3703. The dollar index closed at 90.250, gold 1882, Brent oil above 51.
#Brexit took place. It took 11 grueling months for negotiators from Britain and the European Union to hammer out the terms of a post-Brexit trade deal. But in many respects, the deal is already four and a half years out of date.
On the crypto market, #Bitcoin is still moving in a trading range. Having tested 22800-22600 last night it was already above 23800 a couple of hours ago, from where it went down again.
XRP returned above 0.3, regaining the losses of the last day, the dominance of Bitcoin lost 1%, the rest of the alts are slowly recovering.
The main obscurantist Clayton resigned, nothing threatening from the point of view of XRP law for a couple of months. The main risk is the delisting of the asset from #Coinbase. After all, this exchange on December 18 filed an application for an IPO and is now interested in showing maximum loyalty to the SEC. If this happens, XRP has a bleak outlook. Given the personal contacts at the shareholder level and Brian Armstrong's desire to save face in the crypto industry, there is a chance to avoid this option.
Yesterday, #Livecoin exchange was either hacked or scammed. There is a message on the site about a hack, Bitcoin on this exchange soared to 22K, the executive director of the exchange deleted the account. This will not affect the market in any way, the exchange was too small. #EXMO, which was hacked before, have plans and promised to enable withdrawals today or tomorrow.
Of the good, #US regulators have buried the idea of tightening the turnover of stablecoins. The US President's Financial Markets Working Group (PWG), which includes representatives from all American regulators, has abandoned the idea of tightening the rules for the circulation of stablecoins. The meeting ended with the decision to leave the previous principles of token regulation, issuers only need to prove compliance with the KYC and AML rules. The US Securities Commission has announced a five-year moratorium on checks and claims against broker-dealers holding security tokens. This asset class includes cryptocurrencies pegged to real shares, issued during a regulated ICO (STO), or debt bonds. A document published by the SEC also launches a collection of comments on the issue of allowing broker-dealers to trade security tokens using Bitcoin and Ethereum cryptocurrencies, as well as fiat. The regulator also plans to receive a proposal to organize the security of such digital trading and guarantees to protect the rights of investors.
Japan is gearing up to launch a digital currency in both the public and private sectors as it trails China, which is in the trial stage of launching its own. According to the Japan Times, the country's Digital Currency Forum aims to create “some form” of digital currency similar to Facebook’s diem plan, by 2023. Source | https://www.coindesk.com/
Until Monday, expect Bitcoin in a range with a lower border(breakdown)of 22800-22600 = bearish and an upper border (breakout)r at 24000-24400 = Bullish (See Chart) and an increase in #altcoins.
As always, #Happyholidays and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #decryptedge
#Bitcoin remained in the range of 22800-23800 throughout the day. After the test of the lower border last night, it went up, reaching values above 23800 a few hours ago, after which it fell to 23500, where it is currently being traded.Total Crypto Market capitalization is at $643 billion and #BTC dominance index of 68.0%.
Stock indices closed with plus from 0.23% to 0.35%. The S&P 500 closed at 3703. The dollar index closed at 90.250, gold 1882, Brent oil above 51.
#Brexit took place. It took 11 grueling months for negotiators from Britain and the European Union to hammer out the terms of a post-Brexit trade deal. But in many respects, the deal is already four and a half years out of date.
On the crypto market, #Bitcoin is still moving in a trading range. Having tested 22800-22600 last night it was already above 23800 a couple of hours ago, from where it went down again.
XRP returned above 0.3, regaining the losses of the last day, the dominance of Bitcoin lost 1%, the rest of the alts are slowly recovering.
The main obscurantist Clayton resigned, nothing threatening from the point of view of XRP law for a couple of months. The main risk is the delisting of the asset from #Coinbase. After all, this exchange on December 18 filed an application for an IPO and is now interested in showing maximum loyalty to the SEC. If this happens, XRP has a bleak outlook. Given the personal contacts at the shareholder level and Brian Armstrong's desire to save face in the crypto industry, there is a chance to avoid this option.
Yesterday, #Livecoin exchange was either hacked or scammed. There is a message on the site about a hack, Bitcoin on this exchange soared to 22K, the executive director of the exchange deleted the account. This will not affect the market in any way, the exchange was too small. #EXMO, which was hacked before, have plans and promised to enable withdrawals today or tomorrow.
Of the good, #US regulators have buried the idea of tightening the turnover of stablecoins. The US President's Financial Markets Working Group (PWG), which includes representatives from all American regulators, has abandoned the idea of tightening the rules for the circulation of stablecoins. The meeting ended with the decision to leave the previous principles of token regulation, issuers only need to prove compliance with the KYC and AML rules. The US Securities Commission has announced a five-year moratorium on checks and claims against broker-dealers holding security tokens. This asset class includes cryptocurrencies pegged to real shares, issued during a regulated ICO (STO), or debt bonds. A document published by the SEC also launches a collection of comments on the issue of allowing broker-dealers to trade security tokens using Bitcoin and Ethereum cryptocurrencies, as well as fiat. The regulator also plans to receive a proposal to organize the security of such digital trading and guarantees to protect the rights of investors.
Japan is gearing up to launch a digital currency in both the public and private sectors as it trails China, which is in the trial stage of launching its own. According to the Japan Times, the country's Digital Currency Forum aims to create “some form” of digital currency similar to Facebook’s diem plan, by 2023. Source | https://www.coindesk.com/
Until Monday, expect Bitcoin in a range with a lower border(breakdown)of 22800-22600 = bearish and an upper border (breakout)r at 24000-24400 = Bullish (See Chart) and an increase in #altcoins.
As always, #Happyholidays and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #decryptedge
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CEO of MTI Ponzi Scheme Flees South Africa in Possible Exit Scam – Funds Blocked. Thoughts on the market on 26.12.2020: Clarity it's #Bitcoin is not Ponzi.
#Bitcoin went up from the range and once again updated the ATH. The main cryptocurrency reached values above 25050, after which it began to decline and is now trading around 24700.
Total CryptoMarket capitalization is at 669 billion with BTC dominance index of 68.8%.
In connection with Catholic Christmas, the stock markets did not work, so we talk about the situation on the crypto market since it never sleeps..
From the trading range of 22000-24000, Bitcoin went up, once again over the last month updating the ATH, which is now above 25K. Option 1 from this analysis (https://t.me/decryptedge/138), which started working out last weekend, moved to option 2.
A week ago, the alts turned to growth, market capitalization reached values above 670 billion, and the dominance of Bitcoin decreased to 66%. But the week was not easy for the markets - on Monday, the FUD over the "new coronavirus" crushed the stock markets, against this background, and Bitcoin fell to 22600, then the story with the SEC hitting Ripple(XRP) dealt a blow to the crypto market.
Bitcoin was not hooked by all this, it not only stayed above 22K, but also returned to growth and updated highs. Altcoins suffered, which the Ripple story drove to the bottom. Only Litecoin and Etherum have recovered, the rest of the altcoins are at their lows to Bitcoin and are growing weakly against the dollar.
XRP, which began to recover yesterday and was already above 0.36, fell again on the news that Bitstamp has banned XRP trading for US users from January 8. Support at 0.3 has held out so far, but if some other major exchanges impose restrictions on trading XRP.
The situation with Ripple highlighted the vulnerability of altcoins that are tied to specific people or companies, and therefore can always be subjected to pressure from some obscurantists. Our emphasis on the advantage of Bitcoin, which is devoid of these disadvantages. Nevertheless, the standard market cycle, which implies the growth of altcoins after the growth of Bitcoin, will be completed.
In an unexpected turn of events, the management team at Mirror Trading International (MTI) now suggest that their CEO Johann Steynberg may have exit scammed. The team alleges that Steynberg, now believed to be in Brazil, has locked out key management staff from accessing MTI’s account with a local bank. Additionally, management now appears to confirm earlier allegations that #bitcoin withdrawal requests are not being honoured despite previously refuting this. As reported by news.bitcoin such title is misleading. Its my job here to clarify that #Bitcoin is not ponzi.. It was just used as a medium of exchange and settlement. Last-minute revelations by MTI management appear to buttress the findings of an investigation by the Financial Sector Conduct Authority (FSCA), South Africa’s financial services regulator. In its update on the MTI probe, the FSCA said it uncovered losses that were not previously reported as well as bitcoins that cannot be accounted for. MTI statement states that the CEO then requested Clynton Marks – a member of the MTI management team – for 400 BTC “to pay members that had made withdrawals as the limitation on withdrawals with the broker was still a hindrance.” The statement claims that Marks agreed and transferred the BTC to the CEO but management “has no proof that Johann did contribute the amount stated.” Stay safe out there.
Away from that and in closing we are looking forward to taking 700 billion in capitalization, and reducing the dominance of Bitcoin to 60-62%, and then a correction. These are plans for the next couple of weeks.
At the weekend, the priority option is Bitcoin above 24K and the growth of altcoins.
Alternative - the return of the main cryptocurrency to the range of 22000-24000. In this case, everything will be bad for altcoins now, recovery and growth are carried over to the next week and the beginning of January.
#Bitcoin went up from the range and once again updated the ATH. The main cryptocurrency reached values above 25050, after which it began to decline and is now trading around 24700.
Total CryptoMarket capitalization is at 669 billion with BTC dominance index of 68.8%.
In connection with Catholic Christmas, the stock markets did not work, so we talk about the situation on the crypto market since it never sleeps..
From the trading range of 22000-24000, Bitcoin went up, once again over the last month updating the ATH, which is now above 25K. Option 1 from this analysis (https://t.me/decryptedge/138), which started working out last weekend, moved to option 2.
A week ago, the alts turned to growth, market capitalization reached values above 670 billion, and the dominance of Bitcoin decreased to 66%. But the week was not easy for the markets - on Monday, the FUD over the "new coronavirus" crushed the stock markets, against this background, and Bitcoin fell to 22600, then the story with the SEC hitting Ripple(XRP) dealt a blow to the crypto market.
Bitcoin was not hooked by all this, it not only stayed above 22K, but also returned to growth and updated highs. Altcoins suffered, which the Ripple story drove to the bottom. Only Litecoin and Etherum have recovered, the rest of the altcoins are at their lows to Bitcoin and are growing weakly against the dollar.
XRP, which began to recover yesterday and was already above 0.36, fell again on the news that Bitstamp has banned XRP trading for US users from January 8. Support at 0.3 has held out so far, but if some other major exchanges impose restrictions on trading XRP.
The situation with Ripple highlighted the vulnerability of altcoins that are tied to specific people or companies, and therefore can always be subjected to pressure from some obscurantists. Our emphasis on the advantage of Bitcoin, which is devoid of these disadvantages. Nevertheless, the standard market cycle, which implies the growth of altcoins after the growth of Bitcoin, will be completed.
In an unexpected turn of events, the management team at Mirror Trading International (MTI) now suggest that their CEO Johann Steynberg may have exit scammed. The team alleges that Steynberg, now believed to be in Brazil, has locked out key management staff from accessing MTI’s account with a local bank. Additionally, management now appears to confirm earlier allegations that #bitcoin withdrawal requests are not being honoured despite previously refuting this. As reported by news.bitcoin such title is misleading. Its my job here to clarify that #Bitcoin is not ponzi.. It was just used as a medium of exchange and settlement. Last-minute revelations by MTI management appear to buttress the findings of an investigation by the Financial Sector Conduct Authority (FSCA), South Africa’s financial services regulator. In its update on the MTI probe, the FSCA said it uncovered losses that were not previously reported as well as bitcoins that cannot be accounted for. MTI statement states that the CEO then requested Clynton Marks – a member of the MTI management team – for 400 BTC “to pay members that had made withdrawals as the limitation on withdrawals with the broker was still a hindrance.” The statement claims that Marks agreed and transferred the BTC to the CEO but management “has no proof that Johann did contribute the amount stated.” Stay safe out there.
Away from that and in closing we are looking forward to taking 700 billion in capitalization, and reducing the dominance of Bitcoin to 60-62%, and then a correction. These are plans for the next couple of weeks.
At the weekend, the priority option is Bitcoin above 24K and the growth of altcoins.
Alternative - the return of the main cryptocurrency to the range of 22000-24000. In this case, everything will be bad for altcoins now, recovery and growth are carried over to the next week and the beginning of January.
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KryptoEdge
#Bitcoin met expectations by the end of the year and updated its ATH. #decryptedge market thoughts spoke about the inevitability of this since July and many times in November when it became apparent.
The question is what will happen next?
It is clear that…
The question is what will happen next?
It is clear that…
#Happy Holidays and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #decryptedge
Well well well.. #Happyholidays to you. https://t.me/decryptedge/132 BTC just cleared 27K as we analyzed here(https://t.me/decryptedge/132) Interestingly #ETH and #BTC show the same pattern, which I felt we can`t pass without sharing with you. By breakout through this resistance at $700, #ETH can reach $850/1250 easily!!
Ps:
-Thoughts here is to give you ideas and technical expectations about price movement (not buy or sell advice) so before following any idea be sure doing your own research, and be sure you follow risk management.
Ps:
-Thoughts here is to give you ideas and technical expectations about price movement (not buy or sell advice) so before following any idea be sure doing your own research, and be sure you follow risk management.
Telegram
KryptoEdge
Thoughts on the market on 18.12.2020:
#Bitcoin once again renewed its highs, reaching values above 23880, after which it formed a trading range of 22500-23600, where it is currently located. Bitcoin is currently trading at around 23,200. Total Crypto…
#Bitcoin once again renewed its highs, reaching values above 23880, after which it formed a trading range of 22500-23600, where it is currently located. Bitcoin is currently trading at around 23,200. Total Crypto…
#Mexico’s second richest man says #Bitcoin is his 'best investment ever' : Thoughts on the market on 28.12.2020
The last Saturday-Sunday of the outgoing year turned out to be the best weekend in 2020 for #Bitcoin. It updated its ATH several times; at the moment, the absolute maximum is above 28450. There was a pullback to 26K, and for the last 2 hours Bitcoin has been trading in the range of 26900-27300. Total Crypto-Market capitalisation is at 721 billion and BTC dominance index of 69.6%.
Equity markets opened positively. Asian indices are growing, futures for the S&P 500 too, the dollar index is decreasing and is now around 90.1. Oil dropped slightly, possibly due to news of the discovery of 4 new fields in Saudi Arabia.
Today, a vote is scheduled to increase payments within the aid package to $2000 per person, instead of the previously adopted $600.
There is also an article that answers the questions, who benefits from coronpsychosis, how it was inflated, what tasks were solved thanks to it, and what will happen next. Article by reference.
#Bitcoin ends 2020 well. Over the weekend, the maximums were updated several times, the current ATH is above 28450. At the same time, support at 26000-25900 is indicated on yesterday's correction. The capitalisation level of $700 billion has also been successfully taken.
If we take this analysis, which was made after Bitcoin took 20K, then something in between options 1 and 2 has been worked out.
On the one hand, Bitcoin took 25K and successfully consolidated higher, capitalisation of 700 billion was also achieved. On the other hand, the growth of altcoins is still very selective. Etherum and Litecoin have grown, Etherum has updated the highs of 2018, the rest of the alts from the TOP are still in the same place where they were with Bitcoin below 20K. #BTC dominance index exceeded 70% yesterday, but is not much lower now.
Everything is logical and understandable. The development of option 1 was prevented by the SEC hitting XRP, which was mentioned here. Since XRP was in the TOP-3, the situation hit altcoins in general, showing their vulnerability due to being tied to specific people and companies. Many XRP holders went out to Bitcoin, many simply sold other alts and bought Bitcoin.
Therefore, Bitcoin successfully consolidated above 25K and went to new highs, and the TOP alts lagged behind it significantly.
Yesterday the growth of Etherum began, taking 700 and moving on.
I think the rest of the top alts will move to growth, and the standard market cycle will be worked out.
The prerequisites for this are the absence of a new negative for XRP and a stable Bitcoin in the range of 26000-28000. In this case, the entire TOP will show powerful growth.
The main risk for XRP right now is delisting from major exchanges.
While this decision was made by the Bitstamp exchange, it concerns only US citizens.
If you want to make money buying up cheap XRP, but fear further negative effects on the asset, pay attention.
The CEO of Binance said that in Q3 2020, the number of corporate accounts increased by 60% compared to the previous period. This is what I was talking about here - information about public companies that bought Bitcoin is the tip of the iceberg.
People and companies who think faster than others have come to the topic for a long time, that's why they earned their money. We talked about a business man who sold a 60-room hotel this year and bought Bitcoin. He did it with Bitcoin between 9000 and 10000. One of our associates Communicated with him yesterday in real life, he says 2020 is the best year for him in the last 10 years in all respects).
Another Mexico’s second richest man says Bitcoin is his 'best investment ever' Ricardo Salinas Pliego, chairman at conglomerate Grupo Salinas and Mexico’s second richest man, has revealed to @Cointelegraph in an interview that he bought his first Bitcoin in 2013, when it was worth around $200. That, according to the billionaire, was his “best investment ever”. After holding it all the way until its 2017 highs, he sold all his pos
The last Saturday-Sunday of the outgoing year turned out to be the best weekend in 2020 for #Bitcoin. It updated its ATH several times; at the moment, the absolute maximum is above 28450. There was a pullback to 26K, and for the last 2 hours Bitcoin has been trading in the range of 26900-27300. Total Crypto-Market capitalisation is at 721 billion and BTC dominance index of 69.6%.
Equity markets opened positively. Asian indices are growing, futures for the S&P 500 too, the dollar index is decreasing and is now around 90.1. Oil dropped slightly, possibly due to news of the discovery of 4 new fields in Saudi Arabia.
Today, a vote is scheduled to increase payments within the aid package to $2000 per person, instead of the previously adopted $600.
There is also an article that answers the questions, who benefits from coronpsychosis, how it was inflated, what tasks were solved thanks to it, and what will happen next. Article by reference.
#Bitcoin ends 2020 well. Over the weekend, the maximums were updated several times, the current ATH is above 28450. At the same time, support at 26000-25900 is indicated on yesterday's correction. The capitalisation level of $700 billion has also been successfully taken.
If we take this analysis, which was made after Bitcoin took 20K, then something in between options 1 and 2 has been worked out.
On the one hand, Bitcoin took 25K and successfully consolidated higher, capitalisation of 700 billion was also achieved. On the other hand, the growth of altcoins is still very selective. Etherum and Litecoin have grown, Etherum has updated the highs of 2018, the rest of the alts from the TOP are still in the same place where they were with Bitcoin below 20K. #BTC dominance index exceeded 70% yesterday, but is not much lower now.
Everything is logical and understandable. The development of option 1 was prevented by the SEC hitting XRP, which was mentioned here. Since XRP was in the TOP-3, the situation hit altcoins in general, showing their vulnerability due to being tied to specific people and companies. Many XRP holders went out to Bitcoin, many simply sold other alts and bought Bitcoin.
Therefore, Bitcoin successfully consolidated above 25K and went to new highs, and the TOP alts lagged behind it significantly.
Yesterday the growth of Etherum began, taking 700 and moving on.
I think the rest of the top alts will move to growth, and the standard market cycle will be worked out.
The prerequisites for this are the absence of a new negative for XRP and a stable Bitcoin in the range of 26000-28000. In this case, the entire TOP will show powerful growth.
The main risk for XRP right now is delisting from major exchanges.
While this decision was made by the Bitstamp exchange, it concerns only US citizens.
If you want to make money buying up cheap XRP, but fear further negative effects on the asset, pay attention.
The CEO of Binance said that in Q3 2020, the number of corporate accounts increased by 60% compared to the previous period. This is what I was talking about here - information about public companies that bought Bitcoin is the tip of the iceberg.
People and companies who think faster than others have come to the topic for a long time, that's why they earned their money. We talked about a business man who sold a 60-room hotel this year and bought Bitcoin. He did it with Bitcoin between 9000 and 10000. One of our associates Communicated with him yesterday in real life, he says 2020 is the best year for him in the last 10 years in all respects).
Another Mexico’s second richest man says Bitcoin is his 'best investment ever' Ricardo Salinas Pliego, chairman at conglomerate Grupo Salinas and Mexico’s second richest man, has revealed to @Cointelegraph in an interview that he bought his first Bitcoin in 2013, when it was worth around $200. That, according to the billionaire, was his “best investment ever”. After holding it all the way until its 2017 highs, he sold all his pos
itions at $17,000 and bought it again later at a cheaper price. Now Salinas holds around 10% of his liquid portfolio in BTC and doesn't plan to sell any of it any time soon. "I want to sit around for another five or ten years", he said. While initially attracted by Bitcoin as a means of exchange, Salinas is now convinced that Bitcoin’s potential resides in its store of value features. Salinas also points out, Bitcoin is the natural result of the evolution of money, from physical to digital. “Bitcoin is bits and bytes in the ether, but the good thing is that it cannot be debased and it cannot be confiscated that easily”, pointed out Salinas.
With that I AM wishing you a good day ahead and remember this is not financial advice or investment recommendation. Must do your own research. #decryptedge