Be Warned Lots of Expert #Crypto Predictions for 2022.

Thoughts on the market 03.01.2022

On the last day of 2021, bitcoin registered growth to the level of $48,600, then after the dynamics changed, price set off to test the key support level of $45,600. Yesterday there was another attempt to break through the resistance at 48K, but before reaching the target by a few points, a sell off began. At the time of writing this review, Bitcoin is trading at around 47050.

Market capitalization: $2.23 Trillion.
BTC Dominance index: 39.6%.
Fear / Greed Index: 29.
The dollar index: 95.92.
The news background is generally positive.

The medium-term outlook for Bitcoin will be determined early this week, when volumes return to the markets. If $45,500 holds in the coming days, it will lead to a resumption of growth with the nearest target of 49600, and then 52000.

For today, trading in the range $45,500-$49,600. Both upper and lower bound tests are possible. False breakouts are not excluded. Interestingly,
*#Eminem bought NFT from the Bored Ape Yacht Club collection for $ 462,000.
*The President of El Salvador said that two more countries will accept Bitcoin as legal tender in 2022, and Bitcoin will reach 100K.
*Shanghai included the metaverse in the region's five-year development plan.
*Korea will start taxing donated or inherited cryptocurrencies starting next year.

In summary, major resistance levels $50/55K reclaiming it weekly will be a good step for a bull market bias.
$65K weekly close = new ATH around $75K/83/95K

Major support levels: $45K, and a close below it monthly will support a bear market. $40/35K breakdown means $30/29K. $29K major support and will be a good trading area if bulls hold there. Biased view, and may be subject to fail: nothing new, market is bearish, as long as btc is below $65K weekly, and about the current movement probably BTC will range between $45/50 before the breakdown in Q1 of 2022 to $40/32K!

Current action is best to stay in the shadows and watch the market and always watch major support levels! Good time for some selective altcoins if BTC maintains the trading range!

Will be sharing our 2022 Crypto Outlook later today.As always wishing you a blessed day ahead, and remember this is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge

Garry Kasparov: Crypto Means Freedom. The Chess Grandmaster Expects a Basket of Coins to Replace the Dollar within a Decade.
Thoughts on the market 04.01.2022

Yet another failed attempt to overcome resistance at 48K, Bitcoin declined to $45,696 (Binance). At the time of writing this review it is trading at around $46,100.

The fall was observed throughout the Cryptomarket. Altcoins from the top 10, with the exception of stablecoins, lost up to 5% of their value.

Market capitalization: $2.21 Trillion.
BTC Dominance Index 39.6%.
Fear / Greed Index 23.
The dollar Index is up: 96.23.

Bitcoin continues to move in a narrow range, the key support and resistance levels remain the same, nothing much has changed since yesterday. The high dollar index continues to put pressure on the value of Bitcoin, which again returned above 96 and as soon as it starts to fall, bitcoin will go up.

For today, I expect a trade range of $45,500-48500. If the $45,500 level does not hold , then we can test the $43,500 To some interesting news:

The Estonian Ministry of Finance will not prohibit cryptocurrency trading..
Samsung will produce TVs with NFT support.
Remember our review yesterday, : Be Warned Lots of Expert #Crypto Predictions for 2022.
(https://t.me/decryptedge/934)

Garry Kasparov knows math. He knows logic, strategy and decision-making. Widely regarded as the greatest chess player in the history of mankind, the Russian grandmaster – ranked No. 1 from 1984 to 2005 – sees the world with a certain clarity. Will share a compressed interview below done by @Coindesk

Whatever you do this year and years to come in Crypto, ensure you: 1) Understand. 2) Knowing that it can all go to zero, and 3) Heart - love what you do. Einstein said well, if you understand the matter truly, then you can explain it simply.

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

Coinbase CEO reportedly Gifts Himself LA Mansion for $133M. Thats Ksh 15 Billion.

Thoughts on the market 05.01. 2022

Bitcoin remained in the $47,550- $45,500 range during the day. Corrections below 46K are quickly redeemed. As of this writing, it is trading at around 46300.

Market capitalization: $2.23 Trillion.
BTC Dominance Index 39.3%.
Fear / Greed Index 24.
The dollar index rose by 0.07% to 96.28.

The cryptomarket everything is the same, we continue to move in the same narrow range. Support at $45,500 has shown strength again, the accumulation is complete, data from the analytical firm CryptoQuant show that Bitcoin reserves on 21 exchanges have returned to record lows, as a rule, such indicators indicate that investors continue to withdraw Bitcoin to cold wallets, all this is in favor of growth and new highs. For today, the priority option is bitcoin in the range of 45500-48000, the alternative is going below $45000 (In the current situation, it is unlikely, the external background is favorable for growth, there are many interesting and positive news every day. But if price exits downwards, then we will go to 44-43K.

Apparently things are going very well. Coinbase CEO Brian Armstrong buys a Los Angeles mansion for $ 133 million. Armstrong bought a $133-million Los Angeles property from Japanese entrepreneur Hideki Tomita in December, The Wall Street Journal reported on Monday, citing anonymous people familiar with the matter. Crypto executives have been increasingly buying real estate recently. Jonathan Yantis, co-founder of the nonfungible token platform Worldwide Asset eXchange, reportedly purchased a 70-acre estate outside Denver for $12.5 million in mid-December. Changpeng Zhao, CEO of the world’s largest crypto exchange, Binance, reportedly bought his first home in Dubai in October 2021. He previously said that he did not own any real estate as of April 2021, claiming that he sold his apartment in Shanghai back in 2006 to buy Bitcoin (BTC).

Lastly, the central bank of China has already released the digital yuan wallet app for Android and IOS. According to a report from Reuters, the app claims it is in an experimental research and development phase and is only accessible to select individuals through authorized e-CNY service providers. In late fall 2021, PBoC Governor Yi Gang stated that the country would continue to develop its central bank digital currency (CBDC) and improve design and usage, including enhancing interoperability with current payment systems. @Cointelegraph

As always wishing you a blessed day ahead, and remember this is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge

Bitcoin Falls Below $42K, Leads to $800M in Crypto Liquidations. Kazakhstan Internet Shutdown, Amid Political Unrest, Poking Bitcoin Hashrate.

Yesterday, Bitcoin moved in the range of 47050-42394. The decline below 45K happened during the American trading session, the price fell below 42400. Price is now trading around 43K.

Market capitalization: $2.062 Trillion.
BTC Dominance Index: 39.6%.
Fear / Greed Index: 15.

Stock indices have lost all the gains of the "Christmas rally", and it looks like they are going to continue today - futures for the S&P 500 have already dropped by 0.4%. The main reason for this behavior of the markets is that the Fed discussed yesterday a reduction in the balance sheet. The published protocols speak of high inflation, full employment in the labor market, a possible rate hike as early as March 16, as well as a possible withdrawal from the system of what was previously filled into it. Details here.

The main reason for the market growth in the last year was the Fed's actions. Therefore, the regulator's intentions to stop pumping money into the market caused a completely natural reaction. The falling background market pulled the cryptomarket along with it, so it worked out the option of going out of the range down and testing the 40-42K range, which we mentioned yesterday(https://t.me/decryptedge/939)

The events in Kazakhstan also added some negativity - after all, it was there that many miners moved after the restrictions on mining in China. The Internet shutdown, the resignation of the government and the pogroms caused the hashrate to drop by 13.4%. Kazakhstan, the second-largest country in the world when it comes to Bitcoin (BTC) mining hash rate, experienced unprecedented political unrest due to a sharp rise in fuel prices. As a result, the country's presiding cabinet resigned, but not before the state-owned Kazakhtelecom shut down the nation's internet, causing network activity to plunge to 2% of daily heights.

What's next?

Option 1 is another test of the 42000-40000 area. Possible in the event of a further fall in the stock market and an increase in the dollar index.
Option 2 - return to the previous range 45K-52K.

Considering that the corrections are being actively redeemed, and the fear index has reached levels where it has not been since December, the situation should be perceived as an opportunity for a gathering momentum.

Interesting:

Tether is again seen blocking large wallets. This is food for thought for those who use USDT for out-of-bank transfers and settlements (and there are many such people). Remember USDT is not a crypto. With all the consequences that follow from this fact.

Nvidia said it will distribute the software free of charge to artists and others who create virtual worlds for the metaverse.
El Salvador prepares 20 bills to provide a legal framework for Bitcoin bonds. The raft of bills will help El Salvador’s government establish the legal and financial framework for the $1-billion Bitcoin bond issue, known as Volcano Bonds.

Airbnb CEO Brian Chesky said he could add support for cryptocurrency payments in 2022. The survey has shown - this is what customers want. Source.

South Korea will tax legacy cryptocurrency from next year. Source.

Lastly, #crypto futures worth over $812 million were liquidated as bitcoin broke its $46,000 support level and fell to $42,394 Liquidations occur when an exchange forcefully closes a trader’s leveraged position as a safety mechanism due to a partial or total loss of the trader’s initial margin. This happens primarily in futures trading, which only tracks asset prices, as opposed to spot trading, where traders own the actual assets.

Don’t #FOMO when you see some green candle or rasing market, don't get hooked, most would not want to sell thinking it will go back up, then when it falls further down, and then on the final step down they decide to sell, thinking it won’t go back up only to see it go back up, recover and reach the original targets. Stick to your plans. If you don't know how..learn, that said experience is the best teacher.
Image Courtesy: @Cointelegraph.

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

Binance buys the dip adding over 43K Bitcoin to wallet

In line with expectations of alarmists, Bitcoin exited the 42500 to 43500 range and dipping to a low of $40,938. It's currently back to the same range trading at $42,532.

Market capitalization is $2.079 Trillion and Bitcoin dominance index of 39.5%.

On the stock market, the S&P 500 did not continue yesterday's fall, it remains near yesterday's values. The dollar index is around 96.3.

The crypto market is clearly showing signs of a calm before the storm. With this narrow range indicates an imminent impulse with a possible spillage of up to 38K, would be a good refueling opportunity. Alternatively, the least likely option is a return to the 45K-52K range. Altcoins can grow a little more with a stable Bitcoin, but they will suffer greatly in the event of a sharp rise or its fall by 5-10%.

Remember, we still take the bearish side as long as BTC is below $65K weekly, and about the current movement we are looking for a breakdown in Q1 of 2022 to $40/32K! (https://t.me/decryptedge/860)

Bitcoin billionaires continue to accumulate during the dip. As Bitcoin (BTC) filled the $41 thousand December price wick this morning, Bitcoin whales were busy stacking sats.
One address belonging to Binance added 43,000 BTC on Tuesday at an average price of $46,553.68. The owner has never sold a single Satoshi. Since June 17, 2019, it has accumulated a whopping 116,601.13647202 BTC. At the time of writing, the wallet is valued at roughly $4,982,770,577 or just shy of $5 billion. Talk about diamond hands. There was some consternation on social media platforms about the wallet owner behind the $43,000 BTC buy, but Binance confirmed ownership of the address in a tweet sent out in 2019.

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

CEO of Mirror Trading International Bitcoin Ponzi Scheme(SA) Arrested in Brazil.

Bitcoin spent the weekend in a narrow range of 40500-42200. Yesterday evening there was an attempt to exit the range upwards, but it did not lead to success, price could not pass $42,800 and returned to $41,600- $41,800, where it is currently being traded.

Market capitalisation $1.96 Trillion,
BTC Domination Index 40.3%.
Fear Index 23.
The dollar index, after falling on Friday, opened with growth, but currently trading below 96.

The future prospects of the stock market depend on how tough and fast the Fed will react to inflation. So far, it has been announced both about the rate hike in March and about the reduction of the balance. Any confirmation of these plans will put pressure on the market. Anything that refutes these plans, the market will support and return to growth.

For example, if a new type of coronavirus appears now, this will be positive for the market, since the Fed will then postpone the reduction of the balance sheet and the increase in the rate. I won’t be surprised if this is the case.

Bitcoin entered the 40500-42200 range, this option was designated as a priority on January 6, we tested the support at 40500 twice, and it held out - that's good. But the attempt to consolidate above 42K ended with a rebound down from 42800, which is bad. Especially against the backdrop of a possible drain on the stock market and a rise in the dollar index.

The range has narrowed to a minimum, I think the impulse will occur within 48 hours. The ideal scenario and what the herd wants to see is a return above 43K. Against the background of falling funds, will Bitcoin go below 40K? Can this be? Yes,

Man Behind 29,000 Bitcoin Ponzi Scam is Arrested in Brazil
Johann Steynberg, a South African known for running the multi-million dollar Ponzi scam Mirror Trading International (MTI), was recently arrested in Brazil. This would be yet another large-scale arrest for the country. A few months ago, Claudio Oliveira of the Bitcoin Banco group was also put behind bars for the disappearance of 7,000 Bitcoin from his investors in 2019. Mirror Trading International (MTI) marketed itself as an investment platform that promised high returns as users invested more money. The platform was founded in South Africa in 2019 and promised guaranteed returns of about 10% per month. At its peak, it boasted 170,000 customers around the world with over 1 billion dollars in assets under management.

Remember, don’t #FOMO when you see some green candle or rising market, don't get hooked, most would not want to sell thinking it will go back up, then when it falls further down, and then on the final step down they decide to sell, thinking it won’t go back up only to see it go back up, recover and reach the original targets. Stick to your plans. If you don't know how..learn, that said experience is the best teacher.

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

Billionaire Investor Bill Miller Who Now Has 50% of His Personal Wealth in Bitcoin! Can Go to Zero? Highly improbable, but of course possible, you can always afford to lose 1%.

Yesterday, during the American trading session, Bitcoin updated local lows around $39,600. This correction was quickly redeemed, price returned above 40K, and has been trading in the 40600-42100 range for the last 12 hours. At the time of writing, Bitcoin is trading around 42,227.

Market capitalisation $1.94 Trillion,
BTC Dominance index 40.8%,
Fear Index 21.
The dollar index, which reached 96.180 at its peak yesterday, has declined to 95.8 at the time of writing.

The market is under pressure from the expected actions of the FED, which were announced on January 6 - a rate hike in March, a curtailment of stimulus and a reduction in the balance sheet. The market, which has been growing on stimulants for almost 2 years, was announced that the holiday was over. And not only will there be no new, but the old will be taken away. I would say that the drop is too small for such news. It seems that some market participants do not believe that the Fed will go for a reduction in the balance sheet and a collapse of the stock market. I also doubt that there will be some kind of strong and prolonged collapse.

Firstly, everyone is now waiting for it, and this is a consensus in the market, in such situations everything happens the other way around. Read that again.
Secondly, the political situation in the United States is such that the collapse of the markets, which attracted millions of private investors, as a result of the Fed's actions to tighten monetary policy, is highly undesirable.
Thirdly, a huge amount of money has been poured into the economy over the past two years, which especially has nowhere to go, except for investment assets.

Bitcoin went below 40K yesterday, but did not stay there for a long time. We knocked down our feet and quickly returned to the previous range. If price cannot confidently gain a foothold above 42K, fear will appear in the market and you will start seeing talks about Bitcoin at 20K and crypto winter. This is good.

Our biased view is that, In the short term, an unlikely return of Bitcoin to the 45K-52K range, but another hike towards 38K and even updating lower lows(36K by 1st week of Feb) is possible in the event of negative external factors, but it will not affect the medium-term prospects.

If and if the return of Bitcoin above 45K is sharp and fast, alts will dump and funds move to Bitcoin. By the way, when Bitcoin is consolidated below 40K, the altcoins drained (unlikely option now, but everything is possible in this market), this topic will also work since there will be an increase in Bitcoin's dominance.

Note that while Bitcoin was hovering around 40K, big players did not miss out on opportunities. From Binance, Bitfarms and here's another wealthy person Billionaire Bill Miller said that he now holds 50% of his savings in Bitcoin and altcoins. I bought the first Bitcoins at $200, the main part - about $30K.

I have been getting this question a lot: how much should I invest in Bitcoin?

Here are some wise words, despite his own heavily concentrated position, Miller’s advice for average investors is to put 1% of their net worth in bitcoin, reasoning that “if you put 1% of your portfolio in it for diversification, even if it goes to zero, which I think is highly improbable, but of course possible, you can always afford to lose 1%.” His main rationale for that advice is that bitcoin represents a unique investment. “I think the average investor should ask himself or herself, what do you have in your portfolio that has that kind of track record – number one, is very, very under-penetrated; can provide a service of insurance against financial catastrophe that no one else can provide and can go up 10 times or 50 times? The answer is: nothing.” Full Story @Coindesk

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

Fed Chair Says A US CBDC And Stablecoins Could Coexist.

During the day, Bitcoin was trading from $41,200 to $43,100. Two attempts to take 43K have so far failed, and at the time of writing this review, Bitcoin is trading at around 42,600.

Market capitalization $2.0 Trillion,
Btc Dominance index 40.2%,
Fear Index 22.
The dollar index 95.56.

The expected collapse of the market against the background of the rate hike and the reduction in the Fed's balance sheet, which is now being talked about from every quarter, has not happened. We had this biased view yesterday and do not expect growth, although some correction with subsequent stagnation still holds.

Markets are awaiting US inflation data for December today. In November, it was a record one (6.8%). If the December figures exceed 7%, it will weigh on the markets, as an early and tough Fed reaction is more likely.

Any negative news on the Cryptomarkets will lead to a return below 42K and another testing of the bottom. The main events will unfold this afternoon, at the American session.
I see a lot of predictions of a return above 45K, talk about empirical standards and retail traders. Some are even in long positions. For altcoins, be very careful - the Bitcoin dominance index is extremely low, and will grow both with a sharp rise or fall of BTC price.

We are getting a lot of questions about the collapse, horror and crypto bear market due to the Fed rate hike. Judging by the fear index, many market participants have such ideas. Will share more on this here.

Interestingly, Fed Chairman Powell said that CBDC (state script) and private #stablecoins may well exist in parallel; he does not see any threat in this. He appears to have reversed one of his previous positions on the relationship between CBDCs and stablecoins. Testifying in front of the US congress, he suggested that both could co-exist, without the former replacing the latter.

Addressing Inflation. The most widely discussed topic during the hearing was inflation, which has become the Fed’s top priority since reaching near 40-year highs in November. Powell said that with inflation well above target, the economy “no longer needs or wants the very highly accommodative policies that we’ve had in place.” The chairman continues to signal that the Fed will prioritize raising interest rates as soon as possible to combat the issue.

So let's await the opening of the American trading session this afternoon. This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge

Most participants in the crypto market expect a rise in the value of crypto assets. The rationale for such a positive expectation is contrary to the background news that the Fed will raise rates. Resulting in the stock market fall and Bitcoin has a correlation with it.

Why is that?

First, things are not so simple with the Fed. There are a number of points that raise doubts that the Fed will act as quickly and tough as expected.

Secondly, even if monetary policy tightens, do not expect the market to react sharply.

Looking back on the market there was no correlation until 2017, and in December of 2019, against the background of the confrontation between the United States and China, it was generally negative - Bitcoin grew when the stock market fell.

Correlation of Bitcoin with US stock indices appeared in March 2020, when they fell together amid corona psychosis. It very likely that this correlation will break, for the following reasons:

The main topic on the market now is inflation, which is the reason for the expected actions of the Fed. At the same time, Bitcoin is the most anti-inflationary of all anti-inflationary assets. It is strange to believe that such an asset will fall in a situation of growing inflation.

Still on the subject - the IMF has warned developing countries about the risks of depreciation of their currencies. And this is logical - inflation in national currencies, for obvious reasons, will be stronger than the dollar. Many people will seek refuge from the depreciation of their savings in Bitcoin, or other assets.

Practice has shown that when there is strong inflation in certain countries (Turkey, Argentina, Zimbabwe), then there is such a demand for Bitcoin that it is traded there with a significant margin. If this situation occurs in many countries at once, guess three times what will happen to the Bitcoin rate?

The improvement in the quality of its audience, which happened in 2020, also speaks in favor of the sustainability of Bitcoin. Firstly, the big players got into the topic (at the time of this writing, it was not yet known about Elon Musk with Bitcoin worth 1.5 billion, or about MicroStrategy). They are not weak hands who sell falling assets out of fear. In such situations, they buy these assets. And Musk, if necessary, can direct the asset in the right direction).

Secondly, middle-class wealthy people (not Musk and Dorsey, but having a couple of million, people who opt for crypto with a clear goal - to save their assets from inflation (which did not yet exist due to reduced consumption, but there was no doubt that it would be), and make money on an anti-inflationary asset. It is already happening in 2020. Their expectations are justified - since that time, Bitcoin has grown 3.5 times more expensive. And they are unlikely to sell Bitcoin due to the fact that US indices fell by 10-15%. Therefore, I expect that this year the paths of Bitcoin and the stock market will begin to diverge.

Some information from the recent past.

In June 2017, the Fed announced plans to cut the balance sheet. In October 2017, it moved into action. Between July 2017 and December 2017, Bitcoin grew by almost 10 (ten) times.

I recommend not to fall under the influence of "destructive" analysts expecting crypto winter, or rally but to make independent decisions.

Our personal opinion,(Biased view, Subject to fail) nothing new, we still take the bearish side as long as btc below $55k/ $65K weekly. The current movement as we said since 21 Nov when Btc at $60K "we are looking for a breakdown in Q1 of 2022 to $40(breakdown has happened already for it) next level is /32K/28K!" Important dates for BTC !! 👀 let us watch the Bulls & Bears performance on these dates: 21 Jan, 3 Feb, 13 Feb

Ps:
These dates do not tell you to buy or sell, but you can use it in your TA as a time factor for patterns, trends, etc. This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge

Bill Seeks to Ban Fed From Issuing Digital Currency to Consumers.

Bitcoin moved in the range of $42,500- $44,300 during the day. Reaching a high of $44,300 last night.

Crypto Market capitalization $2.06 Trillion.
BTC Dominance Index 39.9%,
Fear Index 21.
Dollar index is still below 95.

Cryptocurrency market capitalization has returned above $2 Trillion, and the Bitcoin dominance index is below 40%, many altcoins have shown significant growth. The next target for Bitcoin is fixing above 45K. It can get there either with one sharp move or after a rollback - it depends on the external background.

Today, the growth picture may be spoiled by the external background, especially if the dollar index rises above 95. This will only postpone the hike above $45K for several days, but will not change the medium-term prospects of the main anti-inflationary asset.

In general, expect a decrease in the correlation between the price of Bitcoin and the stock market in 2022, we talked about it yesterday.

For altcoins, the risks are higher in the short term, as Bitcoin's dominance is likely to rise. To use this opportunity, a short on BNB has a good RR.

Interesting news from Iran, who has given the go-ahead for the use of cryptocurrency in settlements with foreign partners in the mining industry and trade.
Rep. Tom Emmer (R-MN) proposed a law on Wednesday that would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals.
Emmer's bill comes at a time when central banks across the world, including the Fed, are considering whether to introduce digital versions of their currency or—in the case of China—have done so already. Describing the bill, Emmer warns that a digital currency issued by the Fed could be a slippery slope in which consumers could one day be forced to register with the central bank to access money, which could in turn lead to mass surveillance of their financial activity. Emmer's concern is not purely hypothetical given that China's despotic government is already using the country's new digital yuan to monitor its citizens. Emmer says CBDCs pose a threat to privacy. Source @Decrypt

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