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.
YouTube
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.
ProShares #Bitcoin Futures #ETF to Start NYSE Trading Today, While CryptoMarket Cap at All Time High of $2.5 Trillion.
Thoughts on the market 19. 10. 2021
During the day Bitcoin moved in the range of 59800-63000 with a total Cryptomarket capitalization of $2.5 Trillion, and BTC dominance index of 47.1%.
Equity markets finished trading on Monday in different directions. The Dow Jones fell 0.10%, the S&P 500 rose 0.34%, and the NASDAQ Composite rose 0.84%. The dollar index rose 0.03% to 93.970.
Nothing interesting has happened on the crypto market since yesterday, bitcoin is hanging out in a narrow range, a high now set at 62998 on #Binance Exchange again, 2$ shy to break through the 63K level.
Altcoins are shooting selectively, market capitalization has returned above 2.5 trillion,( a key psychological level) the main scenario is upward. The main resistance is now the levels 63000-63500, the breakout of which will open the way for us at 65000 and higher.
Best to sit and wait and not make any decision, up until we test the all time new (ATN) and see which way next. Plan for today is the same as yesterday. The priority option is bitcoin in the range of 60,000-65,000. An alternative is going below 60K.
ProShares will launch a bitcoin futures exchange-traded fund (ETF) that will start trading on the New York Stock Exchange today, the company confirmed in an SEC filing yesterday. CoinDesk first reported on Friday that the ETF was scheduled to launch this week. With the SEC mulling dozens of bitcoin ETFs, Chairman Gary Gensler has made it clear that funds linked to the futures market rather than the underlying asset were more likely to win regulatory approval.
We shall give our view on the Bitcoin ETF pro and cons., our non-biased opinion to help you make sense out of all this.
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 19. 10. 2021
During the day Bitcoin moved in the range of 59800-63000 with a total Cryptomarket capitalization of $2.5 Trillion, and BTC dominance index of 47.1%.
Equity markets finished trading on Monday in different directions. The Dow Jones fell 0.10%, the S&P 500 rose 0.34%, and the NASDAQ Composite rose 0.84%. The dollar index rose 0.03% to 93.970.
Nothing interesting has happened on the crypto market since yesterday, bitcoin is hanging out in a narrow range, a high now set at 62998 on #Binance Exchange again, 2$ shy to break through the 63K level.
Altcoins are shooting selectively, market capitalization has returned above 2.5 trillion,( a key psychological level) the main scenario is upward. The main resistance is now the levels 63000-63500, the breakout of which will open the way for us at 65000 and higher.
Best to sit and wait and not make any decision, up until we test the all time new (ATN) and see which way next. Plan for today is the same as yesterday. The priority option is bitcoin in the range of 60,000-65,000. An alternative is going below 60K.
ProShares will launch a bitcoin futures exchange-traded fund (ETF) that will start trading on the New York Stock Exchange today, the company confirmed in an SEC filing yesterday. CoinDesk first reported on Friday that the ETF was scheduled to launch this week. With the SEC mulling dozens of bitcoin ETFs, Chairman Gary Gensler has made it clear that funds linked to the futures market rather than the underlying asset were more likely to win regulatory approval.
We shall give our view on the Bitcoin ETF pro and cons., our non-biased opinion to help you make sense out of all this.
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.
What investors need to know on the Bitcoin ETF. Thoughts on the market 20. 10. 2021
Yesterday, Bitcoin moved in the range of 64400-61300, corrections below 62K were quickly redeemed and at the time of this writing, #Bitcoin is trading around at $63,700. With a total crypto market capitalization of $2.52 Trillion and BTC dominance index of 47.6%.
Equity markets closed with growth on Tuesday. The Dow Jones climbed 0.56% to a one-month high, the S&P 500 rose 0.74% and the NASDAQ Composite rose 0.71%. Gold, silver and oil are also on the rise. The dollar index dropped 0.18% to 93.773.
Everything is fine on the crypto market, bitcoin was able to break through the resistance at 63500 and continued its upward movement, to a high of $64,486 on the Binance Exchange. It did not hit the ATH, but is already a whisker away, $369 left before a new all time high.
If today we break through the historical high of 64854, then most likely they will immediately carry us to the area of 70,000, because nothing keeps us above the previous ATN.
Yesterday, the New York Stock Exchange (NYSE) started trading a Bitcoin futures ETF from ProShares, on the very first day the trading volume was $ 1 billion, and this is the second such successful start of an ETF in history.
If you have never traded futures or owned a futures-based ETF, the main difference is that the returns of BTC futures contracts over the longer term do not reflect the returns of the underlying Bitcoin market price. All things considered, this means that sometimes investors will gain or lose value in the longer term by owning the futures-based BTC ETF, even if the price of Bitcoin will not fluctuate in the same way.
More of the good. The dollar index began to fall, which will also have a positive effect on the growth of bitcoin.
Plan for today, if Bitcoin can overcome the resistance at 64250-64500, then we break through ATN and go higher. If we cannot, then we fall to 62000-61000.
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. Happy #MashujaaDay
Yesterday, Bitcoin moved in the range of 64400-61300, corrections below 62K were quickly redeemed and at the time of this writing, #Bitcoin is trading around at $63,700. With a total crypto market capitalization of $2.52 Trillion and BTC dominance index of 47.6%.
Equity markets closed with growth on Tuesday. The Dow Jones climbed 0.56% to a one-month high, the S&P 500 rose 0.74% and the NASDAQ Composite rose 0.71%. Gold, silver and oil are also on the rise. The dollar index dropped 0.18% to 93.773.
Everything is fine on the crypto market, bitcoin was able to break through the resistance at 63500 and continued its upward movement, to a high of $64,486 on the Binance Exchange. It did not hit the ATH, but is already a whisker away, $369 left before a new all time high.
If today we break through the historical high of 64854, then most likely they will immediately carry us to the area of 70,000, because nothing keeps us above the previous ATN.
Yesterday, the New York Stock Exchange (NYSE) started trading a Bitcoin futures ETF from ProShares, on the very first day the trading volume was $ 1 billion, and this is the second such successful start of an ETF in history.
If you have never traded futures or owned a futures-based ETF, the main difference is that the returns of BTC futures contracts over the longer term do not reflect the returns of the underlying Bitcoin market price. All things considered, this means that sometimes investors will gain or lose value in the longer term by owning the futures-based BTC ETF, even if the price of Bitcoin will not fluctuate in the same way.
More of the good. The dollar index began to fall, which will also have a positive effect on the growth of bitcoin.
Plan for today, if Bitcoin can overcome the resistance at 64250-64500, then we break through ATN and go higher. If we cannot, then we fall to 62000-61000.
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. Happy #MashujaaDay
Bitcoin All Time New High at $67,016 and Total Crypto Market Valuation of $2.6 Trillion. Brace for More!
Thoughts on the market 21. 10. 2021
Bitcoin continued its growth yesterday moving in the range of 67000-63500. At the time of this writing, the main cryptocurrency is trading at around 64,700. Total Crypto Market capitalization is at $2.6 Trillion and BTC dominance index of 46.5%.
Equity markets finished trading on Wednesday in different directions. The Dow Jones rose 0.43%, reaching a monthly high, the S&P 500 rose 0.37%, and the NASDAQ Composite lost 0.05%. The dollar index was down 0.13% to 93.602.
Bitcoin updated its ATN several times yesterday. At the moment, the absolute at 67,016, after which a rollback to 63K followed, which was quickly redeemed and the price returned to 65K.
It is still difficult to say how events will develop further, on one hand, growth is not limited by anything, there are only psychological marks at levels of 70-80-100K, but on the other hand, most bitcoin holders are in huge profits gains and many are very large holdings, which increases the temptation to take profits. I think it is at such psychological levels there will be high volatility.
We are starting to see amplified talk of Bitcoin price predictions of 100-150 and even 300K. Exchange reserves of BTC fell to the lows of 2018. Every day, new people and companies enter the crypto, choosing Bitcoin as insurance against inflation, and after each update of the highs, all the top media spread the good news around the world, thereby attracting new blood and strengthening FOMO.
Today I'm expecting a new ATH update and possibly Bitcoin's attempts to take 70K.
The priority variant is bitcoin in the range of 63000-69000, the alternative is going below 63000, which can return us to 60K.
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 21. 10. 2021
Bitcoin continued its growth yesterday moving in the range of 67000-63500. At the time of this writing, the main cryptocurrency is trading at around 64,700. Total Crypto Market capitalization is at $2.6 Trillion and BTC dominance index of 46.5%.
Equity markets finished trading on Wednesday in different directions. The Dow Jones rose 0.43%, reaching a monthly high, the S&P 500 rose 0.37%, and the NASDAQ Composite lost 0.05%. The dollar index was down 0.13% to 93.602.
Bitcoin updated its ATN several times yesterday. At the moment, the absolute at 67,016, after which a rollback to 63K followed, which was quickly redeemed and the price returned to 65K.
It is still difficult to say how events will develop further, on one hand, growth is not limited by anything, there are only psychological marks at levels of 70-80-100K, but on the other hand, most bitcoin holders are in huge profits gains and many are very large holdings, which increases the temptation to take profits. I think it is at such psychological levels there will be high volatility.
We are starting to see amplified talk of Bitcoin price predictions of 100-150 and even 300K. Exchange reserves of BTC fell to the lows of 2018. Every day, new people and companies enter the crypto, choosing Bitcoin as insurance against inflation, and after each update of the highs, all the top media spread the good news around the world, thereby attracting new blood and strengthening FOMO.
Today I'm expecting a new ATH update and possibly Bitcoin's attempts to take 70K.
The priority variant is bitcoin in the range of 63000-69000, the alternative is going below 63000, which can return us to 60K.
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.
Binance CEO Issues Serious Crypto Price Warning As Sudden Bitcoin ‘Flash Crash’ to $8,200. Near -90% .
Thoughts on the market 22.10. 2021
Yesterday Bitcoin remained in the range of 66600-62000, corrections below 62K did not hold and at the time of writing this review, the main cryptocurrency is trading around 62,800. Total crypto market capitalization now at $2.58 Trillion, and BTC dominance index of 45.9%.
Equity markets finished trading on Thursday in different directions. The Dow Jones fell 0.02%, the S&P 500 rose 0.30%, and the NASDAQ Composite rose 0.62%. Oil, gold and silver sagged. The dollar index rose 0.25% to 93.773.
On the crypto market, our priority version did not happen, bitcoin worked out an alternative review, Bitcoin price reached a low of 62,000 on the Binance Exchange. Etherium set a new all-time high at 4375 on the Binance Exchange. I am sure that by the end of the year we will see 6-7K.
Yesterday, there was some kind of scam on the Binance.US platform, the price dropped to $ 8,200 at the moment. A representative of the exchange says that this is a bug in the software of one of the institutional clients and they have already sorted it out. The question is, how was it possible? The reasonable cause could be someone at the institutional desk forgot to put a period where the cents go.
Write up from Forbes reports, Binance's chief executive warned crypto traders should watch out for "very high volatility" in coming months.
The main support is now at 62000, and resistance, which will provide a good basis for further movement to new highs of 66000. If we cannot hold 62K, we can roll back to 58 or even 53K, but in any case, in the medium term, this does not change anything. You may find some good trading prospects with GALA/BTC.
Plan for today is as follows: Bitcoin is in the range of 62000-66000, an alternative departure below 62K, which could lead to a drop in the price to 60-58K.
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
Thoughts on the market 22.10. 2021
Yesterday Bitcoin remained in the range of 66600-62000, corrections below 62K did not hold and at the time of writing this review, the main cryptocurrency is trading around 62,800. Total crypto market capitalization now at $2.58 Trillion, and BTC dominance index of 45.9%.
Equity markets finished trading on Thursday in different directions. The Dow Jones fell 0.02%, the S&P 500 rose 0.30%, and the NASDAQ Composite rose 0.62%. Oil, gold and silver sagged. The dollar index rose 0.25% to 93.773.
On the crypto market, our priority version did not happen, bitcoin worked out an alternative review, Bitcoin price reached a low of 62,000 on the Binance Exchange. Etherium set a new all-time high at 4375 on the Binance Exchange. I am sure that by the end of the year we will see 6-7K.
Yesterday, there was some kind of scam on the Binance.US platform, the price dropped to $ 8,200 at the moment. A representative of the exchange says that this is a bug in the software of one of the institutional clients and they have already sorted it out. The question is, how was it possible? The reasonable cause could be someone at the institutional desk forgot to put a period where the cents go.
Write up from Forbes reports, Binance's chief executive warned crypto traders should watch out for "very high volatility" in coming months.
The main support is now at 62000, and resistance, which will provide a good basis for further movement to new highs of 66000. If we cannot hold 62K, we can roll back to 58 or even 53K, but in any case, in the medium term, this does not change anything. You may find some good trading prospects with GALA/BTC.
Plan for today is as follows: Bitcoin is in the range of 62000-66000, an alternative departure below 62K, which could lead to a drop in the price to 60-58K.
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
Greed Takes over the CryptoMarket.
Thoughts on the market 25.10. 2021
Bitcoin dropped below 60K several times over the weekend, this corrections were bought out and at the time of this writing, #Bitcoin is trading at 62,050. Total Crypto Market capitalization at $2.58 Trillion, BTC dominance index at 45.3%.
Stock markets opened higher. At the moment, futures for the S&P 500 are slightly positive, Asian indices are trading in different directions, gold and silver are growing.
Nothing interesting happened on the crypto market over the weekend, prices moved in the specified range, no fall below 58K. But several corrections under 60K, but they were quickly bought out, now we are trying to gain a foothold at 62K, but so far these attempts have not yielded results.
The main support is formed at 60K, resistance is the levels 62000-63250-64000 and so on. Plan for today. Bitcoin in the range of 60,000-64,000 is a priority option, a hike to 58,000 is an alternative.
As the legendary all time Wall Street investor known for compounding says “be greedy when others are fearful” or the inverse. Both sides of this quote may well be applicable today. Looking at how markets have been behaving recently, they seem to be caught in a somewhat ‘schizophrenic’ state. Last week the greed fear index was at 78. Last month it was at an extreme fear of 28. With the thin line, how you choose to play it is up to you. For now I find a short on ETH/BTC has a good risk reward ratio targeting 0.047411.
With that wish you a blessed week ahead, 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 25.10. 2021
Bitcoin dropped below 60K several times over the weekend, this corrections were bought out and at the time of this writing, #Bitcoin is trading at 62,050. Total Crypto Market capitalization at $2.58 Trillion, BTC dominance index at 45.3%.
Stock markets opened higher. At the moment, futures for the S&P 500 are slightly positive, Asian indices are trading in different directions, gold and silver are growing.
Nothing interesting happened on the crypto market over the weekend, prices moved in the specified range, no fall below 58K. But several corrections under 60K, but they were quickly bought out, now we are trying to gain a foothold at 62K, but so far these attempts have not yielded results.
The main support is formed at 60K, resistance is the levels 62000-63250-64000 and so on. Plan for today. Bitcoin in the range of 60,000-64,000 is a priority option, a hike to 58,000 is an alternative.
As the legendary all time Wall Street investor known for compounding says “be greedy when others are fearful” or the inverse. Both sides of this quote may well be applicable today. Looking at how markets have been behaving recently, they seem to be caught in a somewhat ‘schizophrenic’ state. Last week the greed fear index was at 78. Last month it was at an extreme fear of 28. With the thin line, how you choose to play it is up to you. For now I find a short on ETH/BTC has a good risk reward ratio targeting 0.047411.
With that wish you a blessed week ahead, 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.