πTRADE UPDATEπ
πXBT/USD - view PDF
π―All Targets Hit @ Cross X 1.9%
πXBT/USD - view PDF
π―All Targets Hit @ Cross X 1.9%
πMashed Market Map π View PDF
Forwarded from The Big Bull
Iran Legalizes Crypto Mining
πΉ Source: | CoinDesk |
πΈ Follow: @CryptoBroadcastDaily
πΉ News Link: https://bit.ly/2XUvGOd
πΉ Source: | CoinDesk |
πΈ Follow: @CryptoBroadcastDaily
πΉ News Link: https://bit.ly/2XUvGOd
CoinDesk
Iran Legalizes Crypto Mining
Iran is officially recognizing bitcoin mining as an industry it will regulate and for which it will set electricity rates.
πMarket Commentary π
πBitcoin Dominance - 23rd July 2019
To start, Bitcoin dominance steady at the same level it was last night. It's pretty wild how parabolic this chart is.
It's one to note how over bought these conditions appear at first glance. It's another thing to note that a 68% dominance rating is a whole lot closer to the mean rating over the past 4-5 years. Dominance remained in excess of 90% for almost 2 years flat based off of these captured metrics from tradingview.com
The start of 2017 kicked off with an Altcoin run the likes of which the world has never seen! This will happen again, with so much more vigor than it had last time, but this dominance must reach its equilibrium at least once before we see if fall off the cliff like we did in 17. I expect a shattering continuation of the bitcoin bull run that will truly leave the altcoins in the dust! Domination levels in excess of 80% π
πBitcoin Dominance - 23rd July 2019
To start, Bitcoin dominance steady at the same level it was last night. It's pretty wild how parabolic this chart is.
It's one to note how over bought these conditions appear at first glance. It's another thing to note that a 68% dominance rating is a whole lot closer to the mean rating over the past 4-5 years. Dominance remained in excess of 90% for almost 2 years flat based off of these captured metrics from tradingview.com
The start of 2017 kicked off with an Altcoin run the likes of which the world has never seen! This will happen again, with so much more vigor than it had last time, but this dominance must reach its equilibrium at least once before we see if fall off the cliff like we did in 17. I expect a shattering continuation of the bitcoin bull run that will truly leave the altcoins in the dust! Domination levels in excess of 80% π
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πIntroducing Grin & the MimbleWimble Protocol π΅
π GRIN IS AT POSITION 106 ON CMC - Can it make top 100?
Launched on January 15th, 2019, Grin is a cryptocurrency focused on privacy without censorship in its implementation of Mimblewimble. MimbleWimble is a blockchain format and protocol that provides extremely good scalability, privacy and fungibility by relying on strong cryptographic primitives. It addresses gaps existing in almost all current blockchain implementations.
Grin is an open source software project that fills the gaps required for a full blockchain and cryptocurrency deployment on the MimbleWimble protocol.
Grin Price $2.93 USD
Market Cap $46,113,003 USD
24 Hour Volume $33,230,626 USD
Circulating Supply 15,724,740 GRIN
π GRIN IS AT POSITION 106 ON CMC - Can it make top 100?
Launched on January 15th, 2019, Grin is a cryptocurrency focused on privacy without censorship in its implementation of Mimblewimble. MimbleWimble is a blockchain format and protocol that provides extremely good scalability, privacy and fungibility by relying on strong cryptographic primitives. It addresses gaps existing in almost all current blockchain implementations.
Grin is an open source software project that fills the gaps required for a full blockchain and cryptocurrency deployment on the MimbleWimble protocol.
Grin Price $2.93 USD
Market Cap $46,113,003 USD
24 Hour Volume $33,230,626 USD
Circulating Supply 15,724,740 GRIN
π’ ARBITRATION ALTERT:
π Buy on KuCoin HotBit Poloniex ~ $2.90 less -8.9%
π Sell on Bittrex HitBTC ~ $3.16
Grin has just undergone a network upgrade and this is the reason for the price discrepancy. I can confirm that deposits are disabled for Bittrex but I cannot confirm for HitBTC. Either way, snatch your GRIN at 8.9% off on either exchange
π Buy on KuCoin HotBit Poloniex ~ $2.90 less -8.9%
π Sell on Bittrex HitBTC ~ $3.16
Grin has just undergone a network upgrade and this is the reason for the price discrepancy. I can confirm that deposits are disabled for Bittrex but I cannot confirm for HitBTC. Either way, snatch your GRIN at 8.9% off on either exchange
π#SpotTrade π
π #GRIN / USDT - View PDF
πΈSignal Info: Bitcoin
Exchange: HitBTC (Chart)
Direction: LONG
Status: Limit orders set.
πΈCurrent Price: $2.93
Entry: $3.15 $2.90 (Arbitration)
Take Profit: $4.27 $4.55 $4.82
Stop Limit: $2.60 (-16%)
π #GRIN / USDT - View PDF
πΈSignal Info: Bitcoin
Exchange: HitBTC (Chart)
Direction: LONG
Status: Limit orders set.
πΈCurrent Price: $2.93
Entry: $3.15 $2.90 (Arbitration)
Take Profit: $4.27 $4.55 $4.82
Stop Limit: $2.60 (-16%)
πThe Cosmos networkπ
The Cosmos network consists of many independent, parallel blockchains, called zones, each powered by classical Byzantine fault-tolerant (BFT) consensus protocols like Tendermint (already used by platforms like ErisDB). Some zones act as hubs with respect to other zones, allowing many zones to interoperate through a shared hub. The architecture is a more general application of the Bitcoin sidechains concept, using classic BFT and Proof-of-Stake algorithms, instead of Proof-of-Work.Cosmos can interoperate with multiple other applications and cryptocurrencies, something other blockchains canβt do well. By creating a new zone, you can plug any blockchain system into the Cosmos hub and pass tokens back and forth between those zones, without the need for an intermediary.
While the Cosmos Hub is a multi-asset distributed ledger, there is a special native token called the atom. Atoms have three use cases: as a spam-prevention mechanism, as staking tokens, and as a voting mechanism in governance.
As a spam prevention mechanism, Atoms are used to pay fees. The fee may be proportional to the amount of computation required by the transaction, similar to Ethereumβs concept of βgasβ. Fee distribution is done in-protocol and a protocol specification is described here.
As staking tokens, Atoms can be βbondedβ in order to earn block rewards. The economic security of the Cosmos Hub is a function of the amount of Atoms staked. The more Atoms that are collateralized, the more βskinβ there is at stake and the higher the cost of attacking the network. Thus, the more Atoms there are bonded, the greater the economic security of the network.
Atom holders may govern the Cosmos Hub by voting on proposals with their staked Atoms.
The Cosmos network consists of many independent, parallel blockchains, called zones, each powered by classical Byzantine fault-tolerant (BFT) consensus protocols like Tendermint (already used by platforms like ErisDB). Some zones act as hubs with respect to other zones, allowing many zones to interoperate through a shared hub. The architecture is a more general application of the Bitcoin sidechains concept, using classic BFT and Proof-of-Stake algorithms, instead of Proof-of-Work.Cosmos can interoperate with multiple other applications and cryptocurrencies, something other blockchains canβt do well. By creating a new zone, you can plug any blockchain system into the Cosmos hub and pass tokens back and forth between those zones, without the need for an intermediary.
While the Cosmos Hub is a multi-asset distributed ledger, there is a special native token called the atom. Atoms have three use cases: as a spam-prevention mechanism, as staking tokens, and as a voting mechanism in governance.
As a spam prevention mechanism, Atoms are used to pay fees. The fee may be proportional to the amount of computation required by the transaction, similar to Ethereumβs concept of βgasβ. Fee distribution is done in-protocol and a protocol specification is described here.
As staking tokens, Atoms can be βbondedβ in order to earn block rewards. The economic security of the Cosmos Hub is a function of the amount of Atoms staked. The more Atoms that are collateralized, the more βskinβ there is at stake and the higher the cost of attacking the network. Thus, the more Atoms there are bonded, the greater the economic security of the network.
Atom holders may govern the Cosmos Hub by voting on proposals with their staked Atoms.
π #SpotTrade
π #ATOM / USD
πΈAnalisys:
Cosmos has hit the crypto market like a storm this year achieving a T20 position on market cap and globally pulling in about 13k BTC volume over 24h.
The trading history we do have on #ATOM shows one very profitable wave topping out at about $7. Distribution followed between 26 June and looks to have been exhausted on the 18th of July. Price made a bottom on previous support and tagged the buy zone twice, lettings π» rethink their positions. A little green on the TSI at the wedge apex says long. Blue π― ma provides a dynamic resistance like for this falling wedge. Breakout entries here would also be profitable.
π #ATOM / USD
πΈAnalisys:
Cosmos has hit the crypto market like a storm this year achieving a T20 position on market cap and globally pulling in about 13k BTC volume over 24h.
The trading history we do have on #ATOM shows one very profitable wave topping out at about $7. Distribution followed between 26 June and looks to have been exhausted on the 18th of July. Price made a bottom on previous support and tagged the buy zone twice, lettings π» rethink their positions. A little green on the TSI at the wedge apex says long. Blue π― ma provides a dynamic resistance like for this falling wedge. Breakout entries here would also be profitable.
π #SpotTrade
π #ATOM / USD
πΈSignal Info: Cosmos
Exchange: Binance, Bittrex
Direction: LONG
Signal Type: Limit Fills
πΈCurrent Price: $3.94
Entry: $3.69, $3.89
Take Profit: $4.31, $5.26 , $6.44
Stop Limit: $3.37 (-11%)
π #ATOM / USD
πΈSignal Info: Cosmos
Exchange: Binance, Bittrex
Direction: LONG
Signal Type: Limit Fills
πΈCurrent Price: $3.94
Entry: $3.69, $3.89
Take Profit: $4.31, $5.26 , $6.44
Stop Limit: $3.37 (-11%)
πBreaking NewsMashπ 25th July 2019
During team our team meeting this morning, we are all in accord. The market looks as if we have a slight Alt run on the cards, expecting dominance to tail off to the 60-62% range.
Many top alts have had a run off of their best prices this year. But two currencies, in particular, were identified by the team. You can expect to have them charted by the end of the day.
We are pleased to say however that two very bullish announcements have been made by the very two projects we selected. Namely #IOTA & #BAT
During team our team meeting this morning, we are all in accord. The market looks as if we have a slight Alt run on the cards, expecting dominance to tail off to the 60-62% range.
Many top alts have had a run off of their best prices this year. But two currencies, in particular, were identified by the team. You can expect to have them charted by the end of the day.
We are pleased to say however that two very bullish announcements have been made by the very two projects we selected. Namely #IOTA & #BAT
Taking entry here at RVN,
stoploss just under 470
Targets 520, 550 roughly
stoploss just under 470
Targets 520, 550 roughly
πNewsMashπ
This man is really up to something. The hyperinflation and anarchy in Venezuela needs the attention of the world committee.
The steps are quite adaptive in nature considering the future of economics but well, the political instability may send this into the trash can. - Link
This man is really up to something. The hyperinflation and anarchy in Venezuela needs the attention of the world committee.
The steps are quite adaptive in nature considering the future of economics but well, the political instability may send this into the trash can. - Link
CoinDesk
Venezuela Turned Airport Taxes Into Bitcoin to Avoid Sanctions: Report
The Venezuelan president and his administration are said to be using proceeds from the airline industry β and cryptocurrency β to avoid sanctions.
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
Pushing stoploss just above entry to 0.02145 Current Price: 0.02111 Avg Entry: 0.02136 P/L: 12% profit, (x10 Leverage)
πTrade Updateπ
π #ETH / BTC
πΈSignal Info: Ethereum
Exchange: Bitmex
Direction: SHORT x10
Status: Stopped out and closed.
Changes:
πΈPosition safely stopped out at ammended stop loss. Unfornutatly lower profit targets were not triggered, and we exit the position with the change in momentum we are seeing on etherum for today and yesterday.
πΈCurrent Price: 0.02177
Avg Entry: 0.02136
Stop price: 0.02145
P/L: -3.5% loss after x10 Leverage
π #ETH / BTC
πΈSignal Info: Ethereum
Exchange: Bitmex
Direction: SHORT x10
Status: Stopped out and closed.
Changes:
πΈPosition safely stopped out at ammended stop loss. Unfornutatly lower profit targets were not triggered, and we exit the position with the change in momentum we are seeing on etherum for today and yesterday.
πΈCurrent Price: 0.02177
Avg Entry: 0.02136
Stop price: 0.02145
P/L: -3.5% loss after x10 Leverage