Which way is Bitcoin? Thoughts on the Crypto market: 07.10. 2021
Bitcoin continued its growth during the day and was in the range 55750-50380. The high was set at exactly 55750 on the Binance. At the time of this writing, it is trading at 53,700. Total crypto market capitalization $2.31 Trillion, with BTC dominance index of 45.2%.
Equity markets closed with growth on Wednesday. The Dow Jones rose 0.30%, the S&P 500 rose 0.41%, and the NASDAQ Composite rose 0.47%. The dollar index rose 0.46% to 94.213.
Closing with a plus yesterday, despite the initial negative movement. So far, little interesting things have happened, and to date the markets have not come out of the sideways movement.
Everyone is waiting for the release of the report on US nonfarm employment. In short, it is better known as NonFarm. What is it? Nonfarm payroll employment is a compiled name for goods, construction and manufacturing companies in the US. It does not include farm workers, private household employees, or non-profit organization employees. It is an influential statistic and economic indicator released monthly by the United States Department of Labor as part of a comprehensive report on the state of the labor market. Source: wikipedia.org
The flight is wonderful on the crypto market. Bitcoin fulfilled the priority version of our review and even exceeded it, reaching the 55750 mark (Binance), updating the five-month high, and the capitalization of the #Bitcoin returned above one trillion dollars.
Let me remind you that the last time the price was above 55K was on May 12, just then Elon Musk announced the termination of Bitcoin acceptance by Tesla. Then I said that the market is already mature and will digest both Musk and the Chinese with their bans, it is only a matter of time. Now the time has come.
1.6 billion is the money that came into the market, and we shall find out in good time who that was. Such a purchase volume can also be associated with the availability of information that the SEC will 100% approve the bitcoin ETF, so everyone is trying to be on time.
Plan for today. The priority option is bitcoin in the range of 53000-58000. An alternative is going below 53K, then we can return to 50K.
That said, I still believe another dip for BTC to $32K/28K may be lower than these levels. This view is active as long as BTC does not close above $55K/ 65K Daily/weekly. There will always be new traps like the previous cycles. and the full power lies in breakout $55/ 65K weekly! This failed the last time and the price dropped by -25% before starting a FOMO. Remember, a person who is obsessed with bullish(prices going up) thought can extract 10000 scenarios for bullish movement and the same with a bearish person. We look at both sides and we define the best zones. What we care about is what happens. One has to look in both bullish and bearish directions, do not worry about what or how we think, but you have to worry about what is happening and what you can do based on it.
So, Be bullish or bearish as you want, regardless you cannot impose what you want or force it to happen. Be ready for everything and look beyond the price.
This is not traditional #investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge #Blockchain #research Images Courtesy.
Bitcoin continued its growth during the day and was in the range 55750-50380. The high was set at exactly 55750 on the Binance. At the time of this writing, it is trading at 53,700. Total crypto market capitalization $2.31 Trillion, with BTC dominance index of 45.2%.
Equity markets closed with growth on Wednesday. The Dow Jones rose 0.30%, the S&P 500 rose 0.41%, and the NASDAQ Composite rose 0.47%. The dollar index rose 0.46% to 94.213.
Closing with a plus yesterday, despite the initial negative movement. So far, little interesting things have happened, and to date the markets have not come out of the sideways movement.
Everyone is waiting for the release of the report on US nonfarm employment. In short, it is better known as NonFarm. What is it? Nonfarm payroll employment is a compiled name for goods, construction and manufacturing companies in the US. It does not include farm workers, private household employees, or non-profit organization employees. It is an influential statistic and economic indicator released monthly by the United States Department of Labor as part of a comprehensive report on the state of the labor market. Source: wikipedia.org
The flight is wonderful on the crypto market. Bitcoin fulfilled the priority version of our review and even exceeded it, reaching the 55750 mark (Binance), updating the five-month high, and the capitalization of the #Bitcoin returned above one trillion dollars.
Let me remind you that the last time the price was above 55K was on May 12, just then Elon Musk announced the termination of Bitcoin acceptance by Tesla. Then I said that the market is already mature and will digest both Musk and the Chinese with their bans, it is only a matter of time. Now the time has come.
1.6 billion is the money that came into the market, and we shall find out in good time who that was. Such a purchase volume can also be associated with the availability of information that the SEC will 100% approve the bitcoin ETF, so everyone is trying to be on time.
Plan for today. The priority option is bitcoin in the range of 53000-58000. An alternative is going below 53K, then we can return to 50K.
That said, I still believe another dip for BTC to $32K/28K may be lower than these levels. This view is active as long as BTC does not close above $55K/ 65K Daily/weekly. There will always be new traps like the previous cycles. and the full power lies in breakout $55/ 65K weekly! This failed the last time and the price dropped by -25% before starting a FOMO. Remember, a person who is obsessed with bullish(prices going up) thought can extract 10000 scenarios for bullish movement and the same with a bearish person. We look at both sides and we define the best zones. What we care about is what happens. One has to look in both bullish and bearish directions, do not worry about what or how we think, but you have to worry about what is happening and what you can do based on it.
So, Be bullish or bearish as you want, regardless you cannot impose what you want or force it to happen. Be ready for everything and look beyond the price.
This is not traditional #investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge #Blockchain #research Images Courtesy.
Report Alleges Tether Owns Billions In Chinese Debt as SEC Approves ETF for 'Bitcoin Revolution Companies', Portfolio Includes #Tesla and #Twitter.
Thoughts on the market 8. 10. 2021
#Bitcoin traded in the range of 55330-53350 during the day and at the time of this writing it is trading at 53,900. Total Crypto Market capitalization of $2.28 Trillion. BTC dominance index of 44.4%.
Stock markets ended Thursday trading with growth. The Dow Jones rose 0.98%, the S&P 500 rose 0.83%, and the NASDAQ Composite rose 1.05%. The dollar index was down 0.07% to 94.205. The markets are not showing strong activity, everyone is waiting for the release of reports on employment in the non-agricultural sector. Before this report, volatility will decrease in many markets, from stocks to forex, and after that a new momentum will be set. Despite the agreement to increase the national debt limit by 480 billion by the end of December, the tension still remains and a lot will depend on the report. It was on him that Powell emphasized in his speeches.
On the cryptomarket, the priority version of yesterday's forecast worked out, although the Bitcoin price did not go above 55K, and did not go below 53K either. The local minimum was set at 53357 @Binance exchange. We are going according to plan, but I do not exclude that after such an increase there may be a rollback to the support area of 52-50K. Perhaps even for a short time we will go beyond the limits of 50K, but this probability is extremely small, are expectations and aligned for growth 58-60K.
Plan for today. Bitcoin is in the range of 52000-56000, the alternative is going below 52, in which case we can go to 50K. Major support levels are 53500-53000.
As mentioned yesterday, it is now a reality. #SEC Approved ETF for 'Bitcoin Revolution Companies', Portfolio Includes Tesla and Twitter just 14hrs ago. The new ETF from Volt Equity will give investors exposure to a range of companies like MicroStrategy and Square that hold crypto. The SEC approved ETF consisting of companies holding large amounts of Bitcoin on their balance sheet. The ETF's portfolio will include around 30 companies, including Tesla and PayPal. The approval comes as the crypto world continues to wait for the SEC to approve a pure Bitcoin ETF. Source: decrypt.co
On the contrary such a positive may be spoiled by the USDT fear uncertainty and doubt(FUD) linked to #China. An emerged Report Alleges Tether Owns Billions In Chinese Debt, coincidentally 13hrs ago! According to Bloomberg BW, stablecoin issuer Tether has extended billions of dollars in loans to Chinese companies. The value of loans backing Tether's stablecoin reserves could be a risk factor for the crypto industry. Tether has faced scrutiny from authorities and investigators in the past. A Bloomberg investigation has claimed to have found that Tether holds billions of dollars worth of Chinese commercial paper. Fact is Tether’s reserves remain unaudited. Source: cryptobriefing.com
This is not traditional #investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge #Blockchain #Research Images Courtesy.
Thoughts on the market 8. 10. 2021
#Bitcoin traded in the range of 55330-53350 during the day and at the time of this writing it is trading at 53,900. Total Crypto Market capitalization of $2.28 Trillion. BTC dominance index of 44.4%.
Stock markets ended Thursday trading with growth. The Dow Jones rose 0.98%, the S&P 500 rose 0.83%, and the NASDAQ Composite rose 1.05%. The dollar index was down 0.07% to 94.205. The markets are not showing strong activity, everyone is waiting for the release of reports on employment in the non-agricultural sector. Before this report, volatility will decrease in many markets, from stocks to forex, and after that a new momentum will be set. Despite the agreement to increase the national debt limit by 480 billion by the end of December, the tension still remains and a lot will depend on the report. It was on him that Powell emphasized in his speeches.
On the cryptomarket, the priority version of yesterday's forecast worked out, although the Bitcoin price did not go above 55K, and did not go below 53K either. The local minimum was set at 53357 @Binance exchange. We are going according to plan, but I do not exclude that after such an increase there may be a rollback to the support area of 52-50K. Perhaps even for a short time we will go beyond the limits of 50K, but this probability is extremely small, are expectations and aligned for growth 58-60K.
Plan for today. Bitcoin is in the range of 52000-56000, the alternative is going below 52, in which case we can go to 50K. Major support levels are 53500-53000.
As mentioned yesterday, it is now a reality. #SEC Approved ETF for 'Bitcoin Revolution Companies', Portfolio Includes Tesla and Twitter just 14hrs ago. The new ETF from Volt Equity will give investors exposure to a range of companies like MicroStrategy and Square that hold crypto. The SEC approved ETF consisting of companies holding large amounts of Bitcoin on their balance sheet. The ETF's portfolio will include around 30 companies, including Tesla and PayPal. The approval comes as the crypto world continues to wait for the SEC to approve a pure Bitcoin ETF. Source: decrypt.co
On the contrary such a positive may be spoiled by the USDT fear uncertainty and doubt(FUD) linked to #China. An emerged Report Alleges Tether Owns Billions In Chinese Debt, coincidentally 13hrs ago! According to Bloomberg BW, stablecoin issuer Tether has extended billions of dollars in loans to Chinese companies. The value of loans backing Tether's stablecoin reserves could be a risk factor for the crypto industry. Tether has faced scrutiny from authorities and investigators in the past. A Bloomberg investigation has claimed to have found that Tether holds billions of dollars worth of Chinese commercial paper. Fact is Tether’s reserves remain unaudited. Source: cryptobriefing.com
This is not traditional #investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge #Blockchain #Research Images Courtesy.
El Salvador to build a $4 million Veterinary Hospital using profits from the #Bitcoin Trust SiriLanka Creates a Committee to Study #Crypto. Thoughts on the market 11.10.2021
Bitcoin started the new week with growth and has already registered a high of $56750. At the time of writing this review, it is trading around 56400 with a dominance index of 45.8%. Total crypto market capitalization is at $2.32 Trillion.
Stock markets opened in different directions. At the moment, futures for the S&P 500 are in a slight minus, Asian indices also show multidirectional dynamics, gold, silver and oil are growing.
Nothing interesting happened on the crypto market over the weekend, we are still moving in the same narrow range. There were no deep corrections, bitcoin found support at 54100-54300 and held it, went up and reached highs at 56750 on Binance Exchange.
Altcoins sagged a little, but I think that they will not be long in coming, and with a stable bitcoin above 55K, they will show new highs.
Main scenario is upward, and I expect the growth to continue. The cancellation level is when the price goes below 54K, in which case we can immediately go to 52-50K. Plan for today. The priority option is bitcoin in the range of 54000-58000, the alternative option is going below 54.
El Salvador will build a $4 million veterinary hospital using profits from the Bitcoin Trust. As tweeted by the countries president in the official twitter handle wrote “By the way, we’re not selling any #BTC, we’re are using the USD part of the trust, since the #BTC part is now worth more than when the trust was established. In similar news, Cryptocurrency platform Bakkt has announced a partnership with Google. Users will be able to add Bakkt #Visa card to Google Pay for payments. The cryptocurrency will be converted to fiat at the time of purchase. Last time we talked about Bakkt was back in April.(https://t.me/decryptedge/412)
Lastly, Sri Lanka joins the global cryptocurrency adoption movement and creates a committee to study and implement blockchain and crypto mining technologies. Source.
Have a blessed day #Utamaduni ahead. #Kenya Remember you must do your own research; this is not traditional investment of financial advice. #decryptedge
Bitcoin started the new week with growth and has already registered a high of $56750. At the time of writing this review, it is trading around 56400 with a dominance index of 45.8%. Total crypto market capitalization is at $2.32 Trillion.
Stock markets opened in different directions. At the moment, futures for the S&P 500 are in a slight minus, Asian indices also show multidirectional dynamics, gold, silver and oil are growing.
Nothing interesting happened on the crypto market over the weekend, we are still moving in the same narrow range. There were no deep corrections, bitcoin found support at 54100-54300 and held it, went up and reached highs at 56750 on Binance Exchange.
Altcoins sagged a little, but I think that they will not be long in coming, and with a stable bitcoin above 55K, they will show new highs.
Main scenario is upward, and I expect the growth to continue. The cancellation level is when the price goes below 54K, in which case we can immediately go to 52-50K. Plan for today. The priority option is bitcoin in the range of 54000-58000, the alternative option is going below 54.
El Salvador will build a $4 million veterinary hospital using profits from the Bitcoin Trust. As tweeted by the countries president in the official twitter handle wrote “By the way, we’re not selling any #BTC, we’re are using the USD part of the trust, since the #BTC part is now worth more than when the trust was established. In similar news, Cryptocurrency platform Bakkt has announced a partnership with Google. Users will be able to add Bakkt #Visa card to Google Pay for payments. The cryptocurrency will be converted to fiat at the time of purchase. Last time we talked about Bakkt was back in April.(https://t.me/decryptedge/412)
Lastly, Sri Lanka joins the global cryptocurrency adoption movement and creates a committee to study and implement blockchain and crypto mining technologies. Source.
Have a blessed day #Utamaduni ahead. #Kenya Remember you must do your own research; this is not traditional investment of financial advice. #decryptedge
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#Bitcoin for several times came close to 60K level, the highest attained was $59810 on #Binance. This was then followed by a drain to below 57K, which was quickly redeemed and #Bitcoin moved to growth, returning above 59K again. At the time of writing this…
China Explore Opportunities to Prosecute Crypto Trading and Mining as Swiss Think Tank Initiates Vote to add Bitcoin in Federal Constitution. Thoughts on the market 12.10. 2021
#Bitcoin moved in the range of 57800-54400 during the day. There was even one attempt to approach 58K, but did not work out. Price is now trading at around 57,500. With a total crypto market capitalization of $2.3Trillion and BTC dominance index of 46.6%.
The stock market ended Tuesday trading with a fall. The Dow Jones fell 0.72%, the S&P 500 lost 0.69%, and the NASDAQ fell 0.63%. The dollar index rose 0.04% to 94.35.
Everything is good on the crypto market. Bitcoin managed to stay above 55K and continued its growth, the local maximum, to which the price reached - 57839 on #Binance Exchange.
Nobody is in a hurry to sell bitcoin at 55K, fear has replaced greed - the fear / greed index is now at around 78, exchange reserves continue to decline both in bitcoin and ether, the news background is positive. If this continues, and there is no FUD unfortunately we have from #China.. then we can reach the past ATNs without serious kickbacks. Main resistance levels are now 58500 - 59500 - 60,000.
Plan for today, the priority option is bitcoin in the range 55500-59500, the alternative is going below 55K. It's a volatile market for now, money is exiting altcoins to BTC so expect more volatility.
To some news, a #Swiss think tank has initiated a vote to include bitcoin in the federal constitution, which will make the main cryptocurrency one of the country's reserve assets. A source.
Specialized agencies in China have begun to study legal norms for trial and sentencing in cases related to cryptocurrency trading and mining. Back September 24, the People's Bank of China, together with nine departments, issued a statement in which it classified operations with cryptocurrencies as illegal financial activities. The experts noted that for the first time, the Supreme Court, the People's Prosecutor's Office and the Ministry of Public Security were among the signatories. Earlier, the media estimated that more than two dozen crypto companies announced their withdrawal from the Chinese market amid a new wave of repression against the industry. Last time we spoke about this when Alibaba pulled down sales of mining equipment. (https://t.me/decryptedge/765).
Wishing you a great day ahead, and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
#Bitcoin moved in the range of 57800-54400 during the day. There was even one attempt to approach 58K, but did not work out. Price is now trading at around 57,500. With a total crypto market capitalization of $2.3Trillion and BTC dominance index of 46.6%.
The stock market ended Tuesday trading with a fall. The Dow Jones fell 0.72%, the S&P 500 lost 0.69%, and the NASDAQ fell 0.63%. The dollar index rose 0.04% to 94.35.
Everything is good on the crypto market. Bitcoin managed to stay above 55K and continued its growth, the local maximum, to which the price reached - 57839 on #Binance Exchange.
Nobody is in a hurry to sell bitcoin at 55K, fear has replaced greed - the fear / greed index is now at around 78, exchange reserves continue to decline both in bitcoin and ether, the news background is positive. If this continues, and there is no FUD unfortunately we have from #China.. then we can reach the past ATNs without serious kickbacks. Main resistance levels are now 58500 - 59500 - 60,000.
Plan for today, the priority option is bitcoin in the range 55500-59500, the alternative is going below 55K. It's a volatile market for now, money is exiting altcoins to BTC so expect more volatility.
To some news, a #Swiss think tank has initiated a vote to include bitcoin in the federal constitution, which will make the main cryptocurrency one of the country's reserve assets. A source.
Specialized agencies in China have begun to study legal norms for trial and sentencing in cases related to cryptocurrency trading and mining. Back September 24, the People's Bank of China, together with nine departments, issued a statement in which it classified operations with cryptocurrencies as illegal financial activities. The experts noted that for the first time, the Supreme Court, the People's Prosecutor's Office and the Ministry of Public Security were among the signatories. Earlier, the media estimated that more than two dozen crypto companies announced their withdrawal from the Chinese market amid a new wave of repression against the industry. Last time we spoke about this when Alibaba pulled down sales of mining equipment. (https://t.me/decryptedge/765).
Wishing you a great day ahead, and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
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#China’s Biggest and Global Online Store #Alibaba Shuts Down Sale of Virtual Currency Miners & Accessories Amidst Pressure from Govt.
Thoughts on the market 28 09 2021
Bitcoin moved within the 44350-42100 range yesterday and at the time of writing this…
Thoughts on the market 28 09 2021
Bitcoin moved within the 44350-42100 range yesterday and at the time of writing this…
Jamie Dimon Calls Bitcoin Useless Again as Binance to Launch a $1Billion #Crypto Focused Growth Fund for the Next 1 Billion Crypto Users. Thoughts on the market 13. 10. 2021
Bitcoin moved in the 57600-53800 range during the day. There was a 53K spill that was quickly redeemed and bitcoin moved to growth. At the time of writing this review, the main cryptocurrency is trading at around 55,500 with a dominance index of 45.7%. Total Crypto Market capitalisation is at $2.3 Trillion.
The stock market ended Tuesday trading with a fall. The Dow Jones fell 0.34%, the S&P 500 lost 0.24%, and the NASDAQ Composite lost 0.14%. Gold and silver added a little, oil sagged. The dollar index rose 0.20% to 94.517.
The alternative version of yesterday's analysis worked out with the price dropping below 55K. Once the high of 57689 on the Binance Exchange attained, a correction began, to a daily low set at 53879, now we are trying to return to 56K. Such a rollback is good after an erratic increase.
Plan for today, the priority option is bitcoin in the range of 54000-58000, the alternative option is going below 54K in this case, finding support at 53-52K.
Good news, Binance has announced the launch of a $ 1 billion fund to develop and support the #BinanceSmartChain (#BSC) ecosystem. The $1 Billion Growth Fund. We categorised the fund into 4 different groups, each aiming at different challenges and goals. $100 Million Talent Development.
$100 Million Liquidity Incentive Program.
$300 Million Builder & Incubation Program.
$500 Million Investment Program.
These programs are designed to boost the growth and innovation of projects and bolster the wider community and create a crypto-native pool of talent that will pave the future of crypto. More details for each program will be announced in the following several weeks. Stay tuned! Be sure to hear it first right here.
Lastly, JPMorgan Chase & Co. CEO Jamie Dimon criticised bitcoin and said it was worthless. Here is a summary:
2014: “terrible store of value”
2015: “will not survive” “will be stopped”
2016: "going nowhere"
2017: "a fraud"
2018: "don't really give a shit"
2019: [JPMCoin launch]
2020: “not my cup of tea”
2021: “I have no interest in it” “fool’s gold” “worthless”
Fool’s gold indeed, yet just this August, JPMorgan, together with NYDIG, launched a fund based on the first cryptocurrency for high net worth clients, according to media reports.
Earlier it was reported that the holding opened access to three Grayscale Investments funds and the Osprey bitcoin trust for subscribers to the services of the asset management division.
That concludes our day's crypto market thoughts. Watch what they do, not what they say.. Follow the money. Remember, you must always do your own research. This is not traditional investment or financial advice. #Decryptedge
Bitcoin moved in the 57600-53800 range during the day. There was a 53K spill that was quickly redeemed and bitcoin moved to growth. At the time of writing this review, the main cryptocurrency is trading at around 55,500 with a dominance index of 45.7%. Total Crypto Market capitalisation is at $2.3 Trillion.
The stock market ended Tuesday trading with a fall. The Dow Jones fell 0.34%, the S&P 500 lost 0.24%, and the NASDAQ Composite lost 0.14%. Gold and silver added a little, oil sagged. The dollar index rose 0.20% to 94.517.
The alternative version of yesterday's analysis worked out with the price dropping below 55K. Once the high of 57689 on the Binance Exchange attained, a correction began, to a daily low set at 53879, now we are trying to return to 56K. Such a rollback is good after an erratic increase.
Plan for today, the priority option is bitcoin in the range of 54000-58000, the alternative option is going below 54K in this case, finding support at 53-52K.
Good news, Binance has announced the launch of a $ 1 billion fund to develop and support the #BinanceSmartChain (#BSC) ecosystem. The $1 Billion Growth Fund. We categorised the fund into 4 different groups, each aiming at different challenges and goals. $100 Million Talent Development.
$100 Million Liquidity Incentive Program.
$300 Million Builder & Incubation Program.
$500 Million Investment Program.
These programs are designed to boost the growth and innovation of projects and bolster the wider community and create a crypto-native pool of talent that will pave the future of crypto. More details for each program will be announced in the following several weeks. Stay tuned! Be sure to hear it first right here.
Lastly, JPMorgan Chase & Co. CEO Jamie Dimon criticised bitcoin and said it was worthless. Here is a summary:
2014: “terrible store of value”
2015: “will not survive” “will be stopped”
2016: "going nowhere"
2017: "a fraud"
2018: "don't really give a shit"
2019: [JPMCoin launch]
2020: “not my cup of tea”
2021: “I have no interest in it” “fool’s gold” “worthless”
Fool’s gold indeed, yet just this August, JPMorgan, together with NYDIG, launched a fund based on the first cryptocurrency for high net worth clients, according to media reports.
Earlier it was reported that the holding opened access to three Grayscale Investments funds and the Osprey bitcoin trust for subscribers to the services of the asset management division.
That concludes our day's crypto market thoughts. Watch what they do, not what they say.. Follow the money. Remember, you must always do your own research. This is not traditional investment or financial advice. #Decryptedge
Future of #Money, #G7 finance Leaders Lay Out Guidelines for #CBDC’s
As #US dominates Global #Bitcoin Hash Rate Distribution After China Crackdown.
Thoughts on the market 14.10. 2021
#Bitcoin continued its growth during the day and was in the range of 58500-54100. At the time of writing this review, it was trading at around 57,800 with a BTC dominance index of 45.8%. Total crypto market capitalization is now at $2.37 Billion.
The stock market ended Wednesday trading with growth. The Dow Jones remained in place, the S&P 500 climbed 0.30% and the NASDAQ Composite rose 0.73%. Gold Futures for December delivery was up 1.97% to $ 1.793.95 a troy ounce. The dollar index dropped 0.52% to 94.028.
With Bitcoin clearly working out yesterday's review, moving in the specified range and finding support at 54K, we pushed off and started a new growth. A high of 58532 registered on the Binance Exchange. Altcoins too reclaimed growth and gained what they had lost, dominance began to fall.
Now the important resistance will be the levels of 59,500 - 60,000, if we overcome them, then the previous ATN is already a stone's throw. On a conservative number we are looking at $80,000. Most were excited with 65K, just make sure you are on board.
It may not be easy to break through 59,500 - 60,000 and it will take some time, but with higher probability and without some hard FUD, we can reach the next psychological mark already this month. After all, all the factors that brought bitcoin above 60K last time have not gone away, and every day they are only getting stronger. (Make sure you read this: https://t.me/decryptedge/782)
For today, the priority option is bitcoin in the range 55500-59500, the alternative option is going below 55500, in which case we will go to support at 54000.
Interesting: G7 leaders have issued central bank guidelines for digital currencies. Source. reuters.com/
New research by Capgemini shows that 45% of consumers will switch to payments in cryptocurrencies by 2023. Source: worldpaymentsreport.com/ I will share the PDF here.
Lastly and on a good note, the US now dominates global distribution of bitcoin hash rates after the crackdown in China. The US currently accounts for over a third of total bitcoin mining, with Kazakhstan and Russia also emerging as major countries. Source:cointelegraph.com
This is not traditional #investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge #Blockchain #Research Images Courtesy.
As #US dominates Global #Bitcoin Hash Rate Distribution After China Crackdown.
Thoughts on the market 14.10. 2021
#Bitcoin continued its growth during the day and was in the range of 58500-54100. At the time of writing this review, it was trading at around 57,800 with a BTC dominance index of 45.8%. Total crypto market capitalization is now at $2.37 Billion.
The stock market ended Wednesday trading with growth. The Dow Jones remained in place, the S&P 500 climbed 0.30% and the NASDAQ Composite rose 0.73%. Gold Futures for December delivery was up 1.97% to $ 1.793.95 a troy ounce. The dollar index dropped 0.52% to 94.028.
With Bitcoin clearly working out yesterday's review, moving in the specified range and finding support at 54K, we pushed off and started a new growth. A high of 58532 registered on the Binance Exchange. Altcoins too reclaimed growth and gained what they had lost, dominance began to fall.
Now the important resistance will be the levels of 59,500 - 60,000, if we overcome them, then the previous ATN is already a stone's throw. On a conservative number we are looking at $80,000. Most were excited with 65K, just make sure you are on board.
It may not be easy to break through 59,500 - 60,000 and it will take some time, but with higher probability and without some hard FUD, we can reach the next psychological mark already this month. After all, all the factors that brought bitcoin above 60K last time have not gone away, and every day they are only getting stronger. (Make sure you read this: https://t.me/decryptedge/782)
For today, the priority option is bitcoin in the range 55500-59500, the alternative option is going below 55500, in which case we will go to support at 54000.
Interesting: G7 leaders have issued central bank guidelines for digital currencies. Source. reuters.com/
New research by Capgemini shows that 45% of consumers will switch to payments in cryptocurrencies by 2023. Source: worldpaymentsreport.com/ I will share the PDF here.
Lastly and on a good note, the US now dominates global distribution of bitcoin hash rates after the crackdown in China. The US currently accounts for over a third of total bitcoin mining, with Kazakhstan and Russia also emerging as major countries. Source:cointelegraph.com
This is not traditional #investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge #Blockchain #Research Images Courtesy.
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Which way is Bitcoin? Thoughts on the Crypto market: 07.10. 2021
Bitcoin continued its growth during the day and was in the range 55750-50380. The high was set at exactly 55750 on the Binance. At the time of this writing, it is trading at 53,700. Total crypto…
Bitcoin continued its growth during the day and was in the range 55750-50380. The high was set at exactly 55750 on the Binance. At the time of this writing, it is trading at 53,700. Total crypto…
SEC Set to Allow Bitcoin Futures ETFs as Deadline Looms: Investors eye first U.S. ETFs.
Thoughts on the market 15. 10. 2021.
Bitcoin continues to grow and yesterday was in the range of 59900-60000. At the time of writing this review, the main cryptocurrency is trading at around 59,600. Total Crypto market capitalization is at $2.44 Billion with BTC dominance index of 45.9%.
The stock market ended Wednesday trading with growth. The Dow Jones climbed 1.56% to hit a monthly high, the S&P 500 gained 1.71%, and the NASDAQ Composite rose 1.73%. The dollar index was down 0.11% to 93.972.
Everything is fine on the cryptomarket, #bitcoin has clearly worked out the priority version of yesterday's analysis and is already tested 60K. We didn't have to wait long. The market rallies on news that the SEC is likely to allow ETF trading in Bitcoin futures as early as next week. It brings confidence that U.S. regulators would approve the launch of an exchange-traded fund based on its futures contracts. A tweet from the SEC's investor education office spurred the mood: "Before investing in a fund that holds Bitcoin futures contracts, make sure you carefully weigh the potential risks and benefits," the SEC tweet stated.
Cryptocurrency investors have been waiting for news of approval of the country's first bitcoin ETF, and some of bitcoin's rally in recent months has been in anticipation of that move and how it could speed up its mainstream adoption and trading.
Let's wait, we are ready for new highs. We spoke about it here(https://t.me/decryptedge/782)
Once again I remind you that we are growing without recoil from 40K and after 60K a good correction may follow. Or maybe not, if there is no FUD, then we can immediately go through 64K, with FOMO from the crowd will carry the price to new unprecedented peaks.
So for today the priority option is bitcoin in the range of 56000-62000, the alternative is going below 56K. In hindsight, and this is our personal view, we are looking for a sell-off that can happen from here or after a fake breakout especially if the Bitcoin ETF is delayed. This is a volatility area, so easy to get rekt, and buying is not the best option if you don't follow risk management, so be sure you are following it. Don't FOMO. Closing above $65K this week validates a bulls breakout to $75/$80/$120K. Crazy right! That's crypto for you.
This is not traditional #investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge #Blockchain #Research Images Courtesy.
Thoughts on the market 15. 10. 2021.
Bitcoin continues to grow and yesterday was in the range of 59900-60000. At the time of writing this review, the main cryptocurrency is trading at around 59,600. Total Crypto market capitalization is at $2.44 Billion with BTC dominance index of 45.9%.
The stock market ended Wednesday trading with growth. The Dow Jones climbed 1.56% to hit a monthly high, the S&P 500 gained 1.71%, and the NASDAQ Composite rose 1.73%. The dollar index was down 0.11% to 93.972.
Everything is fine on the cryptomarket, #bitcoin has clearly worked out the priority version of yesterday's analysis and is already tested 60K. We didn't have to wait long. The market rallies on news that the SEC is likely to allow ETF trading in Bitcoin futures as early as next week. It brings confidence that U.S. regulators would approve the launch of an exchange-traded fund based on its futures contracts. A tweet from the SEC's investor education office spurred the mood: "Before investing in a fund that holds Bitcoin futures contracts, make sure you carefully weigh the potential risks and benefits," the SEC tweet stated.
Cryptocurrency investors have been waiting for news of approval of the country's first bitcoin ETF, and some of bitcoin's rally in recent months has been in anticipation of that move and how it could speed up its mainstream adoption and trading.
Let's wait, we are ready for new highs. We spoke about it here(https://t.me/decryptedge/782)
Once again I remind you that we are growing without recoil from 40K and after 60K a good correction may follow. Or maybe not, if there is no FUD, then we can immediately go through 64K, with FOMO from the crowd will carry the price to new unprecedented peaks.
So for today the priority option is bitcoin in the range of 56000-62000, the alternative is going below 56K. In hindsight, and this is our personal view, we are looking for a sell-off that can happen from here or after a fake breakout especially if the Bitcoin ETF is delayed. This is a volatility area, so easy to get rekt, and buying is not the best option if you don't follow risk management, so be sure you are following it. Don't FOMO. Closing above $65K this week validates a bulls breakout to $75/$80/$120K. Crazy right! That's crypto for you.
This is not traditional #investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge #Blockchain #Research Images Courtesy.
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Which way is Bitcoin? Thoughts on the Crypto market: 07.10. 2021
Bitcoin continued its growth during the day and was in the range 55750-50380. The high was set at exactly 55750 on the Binance. At the time of this writing, it is trading at 53,700. Total crypto…
Bitcoin continued its growth during the day and was in the range 55750-50380. The high was set at exactly 55750 on the Binance. At the time of this writing, it is trading at 53,700. Total crypto…
BITCOIN101 We ask: Why are you in Crypto?
-Are you here for the revolution?
-Are you in it for the tech?
Or maybe you just see the financial upside?
- Crypto-Markets news and this week updates.
- Open Q & A session.
Join Zoom Meeting
https://us02web.zoom.us/j/2451273744?pwd=dlM3UkdvS0gxWWtSMEVrWS9nSzAzQT09
Meeting ID: 245 127 3744
Passcode: BITCOIN101
-Are you here for the revolution?
-Are you in it for the tech?
Or maybe you just see the financial upside?
- Crypto-Markets news and this week updates.
- Open Q & A session.
Join Zoom Meeting
https://us02web.zoom.us/j/2451273744?pwd=dlM3UkdvS0gxWWtSMEVrWS9nSzAzQT09
Meeting ID: 245 127 3744
Passcode: BITCOIN101
https://youtu.be/abN7ufb6u0w Today's Bitcoin101 Recording.
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Why are you in Crypto
When someone first discovers Cryptocurrencies & Bitcoin in particular:
Two phases that typically occur-
1. They wish bitcoin was ‘cheaper’.
2. They wish they got in earlier.
Our Telegram Channel: https://t.me/decryptedge
Two phases that typically occur-
1. They wish bitcoin was ‘cheaper’.
2. They wish they got in earlier.
Our Telegram Channel: https://t.me/decryptedge
Square’s Jack Dorsey Says Company Looking to Build #Bitcoin Mining System as Bitcoin #ETF’s Causes a Frenzy How Will It Play Out.
Thoughts on the market 16.10.2021
Bitcoin continues to grow and the last day was in the range of 62900-56800. At the time of this writing, the main cryptocurrency is trading around 62,200. Total Crypto market capitalization is at $2.499 Trillion, dominance and index of 46.8%.
The stock market ended Friday trading with growth. The Dow Jones rose 1.09% to a one-month high, the S&P 500 gained 0.75%, and the NASDAQ Composite rose 0.50%. The dollar index was down 0.02% to 93.942.
On the crypto market, the priority version of yesterday's review worked out, bitcoin moved in the specified range. A high was set at 62933 on the Binance Exchange.
There are practically no kickbacks, the news background is extremely positive. At current prices, more than 99% of Bitcoin holders are in the positive, but it won't always be this way.
Yesterday, the SEC approved the first Bitcoin futures ETF, the ProShares Bitcoin Strategy ETF. The start of trading is scheduled for Monday (October 18), and the underlying asset of the fund will be Bitcoin futures on the Chicago Mercantile Exchange (CME). Please note: The SEC has not approved Valkyrie’s Bitcoin Strategy ETF…yet! The notice was from NASDAQ to the SEC saying they have approved the securities and awaiting a decision from the SEC. We don’t have confirmation until the SEC says so. Not to spoil the party.. The last top of BTC back on 2017 December was when CME, the world’s largest futures exchange, launched its own bitcoin futures contract Sunday under the ticker “BTC.” What followed.... just looking at the bigger picture here.
On the other end, ETF adoption = new flow of institutional money. I will post an article on the pro’s and con’s of the same.
There is very little left to the historical maximum of $ 64,854, perhaps we will overcome it already this weekend, but in any case it is a matter of time. Weekend plan is a priority option of bitcoin in the range of 58000-64000, the alternative option is going below 58K, in which case we can roll back to 56K levels.
If there are such pullbacks, I advise you to buy positions both for bitcoin and for the top alts, oh this is not financial advice. Do not forget that on the thin weekend market, movements by a couple of thousand points in any direction are possible.
Lastly to some news, Jack Dorsey stated that Square is going to build a Bitcoin mining system.: source. Blockworks.co.
Australia's fifth-largest pension fund, Queensland Investment Corporation, which manages $ 69 billion in savings, wants to invest in cryptocurrency. A source. Financial Times(FT).
This is not traditional #investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge #Blockchain #Research Images Courtesy.
Thoughts on the market 16.10.2021
Bitcoin continues to grow and the last day was in the range of 62900-56800. At the time of this writing, the main cryptocurrency is trading around 62,200. Total Crypto market capitalization is at $2.499 Trillion, dominance and index of 46.8%.
The stock market ended Friday trading with growth. The Dow Jones rose 1.09% to a one-month high, the S&P 500 gained 0.75%, and the NASDAQ Composite rose 0.50%. The dollar index was down 0.02% to 93.942.
On the crypto market, the priority version of yesterday's review worked out, bitcoin moved in the specified range. A high was set at 62933 on the Binance Exchange.
There are practically no kickbacks, the news background is extremely positive. At current prices, more than 99% of Bitcoin holders are in the positive, but it won't always be this way.
Yesterday, the SEC approved the first Bitcoin futures ETF, the ProShares Bitcoin Strategy ETF. The start of trading is scheduled for Monday (October 18), and the underlying asset of the fund will be Bitcoin futures on the Chicago Mercantile Exchange (CME). Please note: The SEC has not approved Valkyrie’s Bitcoin Strategy ETF…yet! The notice was from NASDAQ to the SEC saying they have approved the securities and awaiting a decision from the SEC. We don’t have confirmation until the SEC says so. Not to spoil the party.. The last top of BTC back on 2017 December was when CME, the world’s largest futures exchange, launched its own bitcoin futures contract Sunday under the ticker “BTC.” What followed.... just looking at the bigger picture here.
On the other end, ETF adoption = new flow of institutional money. I will post an article on the pro’s and con’s of the same.
There is very little left to the historical maximum of $ 64,854, perhaps we will overcome it already this weekend, but in any case it is a matter of time. Weekend plan is a priority option of bitcoin in the range of 58000-64000, the alternative option is going below 58K, in which case we can roll back to 56K levels.
If there are such pullbacks, I advise you to buy positions both for bitcoin and for the top alts, oh this is not financial advice. Do not forget that on the thin weekend market, movements by a couple of thousand points in any direction are possible.
Lastly to some news, Jack Dorsey stated that Square is going to build a Bitcoin mining system.: source. Blockworks.co.
Australia's fifth-largest pension fund, Queensland Investment Corporation, which manages $ 69 billion in savings, wants to invest in cryptocurrency. A source. Financial Times(FT).
This is not traditional #investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge #Blockchain #Research Images Courtesy.
#Bitcoin ETF’s: Everything has Its Pros & Cons.
Thoughts on the market 18.10. 2021
Bitcoin on the weekend moved in the range of 58900-62500. A 58K correction was quickly redeemed and we moved on to growth. At the time of writing the review, the main cryptocurrency is trading at about 62,400 with a dominance index of 47.0% and total Crypto market capitalization of $2.49 Trillion.
Stock markets opened in different directions. At the moment, futures for the S&P 500 are in a slight minus, Asian indices also show multidirectional dynamics, gold, silver and oil are growing.
On the crypto market, the priority version of Saturday's analysis worked out, bitcoin remained in the indicated range. The news background remains positive, there is no negative at all, the fear / greed index is at around 78, adoption is in full swing.
I hope you took advantage of the recommendation on Saturday and bought additional positions. High probability is after a Bitcoin new ATH, a real rally of altcoins will begin Which ones? Stick on here.
Plan for today is a priority option for bitcoin in the range of 60,000-65,000. An alternative is to go below 60K, then we can return to levels at 58K.
Will post a breakdown on the pros and cons of Bitcoin ETF’s later today.
This is not traditional #investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge #Blockchain #Research Images Courtesy.
Thoughts on the market 18.10. 2021
Bitcoin on the weekend moved in the range of 58900-62500. A 58K correction was quickly redeemed and we moved on to growth. At the time of writing the review, the main cryptocurrency is trading at about 62,400 with a dominance index of 47.0% and total Crypto market capitalization of $2.49 Trillion.
Stock markets opened in different directions. At the moment, futures for the S&P 500 are in a slight minus, Asian indices also show multidirectional dynamics, gold, silver and oil are growing.
On the crypto market, the priority version of Saturday's analysis worked out, bitcoin remained in the indicated range. The news background remains positive, there is no negative at all, the fear / greed index is at around 78, adoption is in full swing.
I hope you took advantage of the recommendation on Saturday and bought additional positions. High probability is after a Bitcoin new ATH, a real rally of altcoins will begin Which ones? Stick on here.
Plan for today is a priority option for bitcoin in the range of 60,000-65,000. An alternative is to go below 60K, then we can return to levels at 58K.
Will post a breakdown on the pros and cons of Bitcoin ETF’s later today.
This is not traditional #investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge #Blockchain #Research Images Courtesy.
Am sure some of you have got a notice on Binance KYC..From Tuesday, every single Binance user must be KYC verified to trade on the exchange. In light of this policy, all Tether on the exchange (6.3 billion) has been mysteriously transferred off. As we sit near ATH
I think it means fireworks but not necessarily down first. That said, I don’t think you want to have your holdings on Binance in particular versus sending to other exchanges.
That’s a lot of liquidity being drained on the exchange.
If there is a selloff, you may not be able to get into a stablecoin at $1. Alts that trade mostly on Binance are especially imperiled because there’s nowhere to go but to sell into BTC.
I think it means fireworks but not necessarily down first. That said, I don’t think you want to have your holdings on Binance in particular versus sending to other exchanges.
That’s a lot of liquidity being drained on the exchange.
If there is a selloff, you may not be able to get into a stablecoin at $1. Alts that trade mostly on Binance are especially imperiled because there’s nowhere to go but to sell into BTC.