LTC - BITMEX

Long @ 910

Target @ 923 - 933 - 953

Stop-loss @ 870

Leverage @ 5x

BTC UPDATE from one of the best analysts at @ccinsider

SUMMARY
I have a feeling that soon we can see bullish rally without returning back to 6k$ level. Previously I've supposed that BTC will rise to the area at 7200$-7400$ and then drops back to 6300$ or even lower to 5850$, but now I'm in doubt about falling back.
Anyway hope you have opened your LONG positions and after each rise we will update stoploss.

And important remark: dont expect non-stop rise till 8500$ or 10000$, the rise will be with bounces at restistance levels at around 7050$-7200$ (EMA21 and EMA50 on D1 TF / Kijun on D3 TF) and at around 7700$-8200$, depending on how fast the rise will be, BTC could probably bounce from lower border of Ichimoku cloud on D3.

Now that we have a green signal from our bud out there its time we start setting up our orders for longs. Make sure you don't use over 15% of your total portfolio on a trade. Spread the orders out which will give us a better entry and make sure to have your limits set up. You surely don't want the scammy bitmex to call for a server maintainance and get us all rekt. So watch out for that and keep playing alts through.
Stay Mashed!
Absolute Potato

Alts Pop While $BTC Stalls

Hello ,

The current price of Bitcoin is $6544 (-0.48%) with 24 hour volume leveling around 3.8 billion USD. Crypto is experiencing, overall, a red 24 hours as roughly 4 billion USD left the market at the peak of the price shed. Although a majority of that loss has been recovered since this morning.
This has once again printed another higher low which we have seen occur since the 8th of September. Realistically, the market is continuing to see extremely low amounts of volatility as a whole.

This has however provided ample opportunity for various Alt-coins to break out of their consolidation phases against $BTC, as a trading pair.

Education time babes
What is an ETF?
- An exchange traded fund (ETF) is simply a security that tracks some underlying assets, whether that be equities, bonds, commodities, or cryptocurrency.
An ETF takes custody of the underlying assets it tracks. Then it issues a large number of shares that represent the ownership of those assets.
In contrast to an exchange traded note (ETN), which is a debt-based instrument and is not directly backed to the asset it is projecting.

Types of Bitcoin ETFs
- 1. ETFs that physically hold BTC: --> VanEck & SolidX (backed by the CBOE)
2. ETFs that purchase Bitcoin derivatives. These ETFs try to mimic the performance of Bitcoin by trading Bitcoin futures, options, swaps, money market instruments, and investing in other pooled vehicles. (Risk of margin calls and management fees!!)
--> the Direxion ETF.

The first one is the far better and more secure option.

UPDATE BY MARKET SITUATION

Hey fellas!

Today I will post quite big update than post usually.
The follwing themes will be discussed today:

1. Stock market crash.
2. What should we expect from stock market in near future and how it can affect to BTC.
3. Brief TA by S&P 500.
4. TA by BTC.
5. Analysis by wallets.
6. Summary.

Market update is still in progress, so will post finished parts when its done.

Part One:

So, despite all my expectations of continued BTC rise to the area at 7200$ - 7400$, BTC followed stock market crash and dumped also.

As a result of the trading session on Thursday, the Dow Jones Industrial Average fell by 831 points (3.1%) to the level of 25,598.74 points. For Dow Jones, this is the maximum one-day drop since February 8, 2018, when the index dropped to 1033 points (4.2%).
The S&P 500 fell 3.3% to a level of 2,785.65 points, which was also the worst fall since February of this year. At the same time, the S&P 500 Information Technology Index subindex fell by 4.8% showing the worst dynamics over the past 7 years, a more serious drop was shown in August 2011, when the index fell by 5.3%.
The NASDAQ index at the end of the trading session lost 4.1% and dropped to 7,422.05 points. For NASDAQ the fall of October 10 was the worst since June 24, 2016.
Shares of Apple (AAPL) fell from 225$ to 212.74$ (-5.4%) (today's low) and Amazon (AMZN) from 1858$ to 1686$ (-9.25%) (today's low), but after there was a correction and prices are rised a bit.

Lets take the last two years for a comparative analysis, since the active life of the cryptocurrency market is just not more than two years, if judge by the market capitalization of the crypto.

As we can see there is a correlation between the stock and cryptocurrency markets, but with some provisos, which will be discussed below.

The cryptocurrency market lives its own life from the stock until exact moment when there are significant drops in the stock, which we saw today. Even if the stock market continues its decline without sharp dumps, but with gradual decreases, the affect to crypto wont be so signaficant.

So if the cryptocurrency market had planned bullish mood, which was interrupted by falling of the stock market, then after the fall there is a high probability that the bitcoin price will return to that value from which it began to fall (6450$-6600$).

Recall the strength of technical analysis: whatever manipulations or external factors (not fundamental news directly related to the market) affect to the price, the TA will work sooner or later, gradually returning to its original value to continue reaching the targets by TA.

Part Two:

What to expect from the stock market in the near future and how it may affect to Bitcoin

I will start the second part from the end - how the stock market affects to bitcoin rate and the cryptocurrency market at all.

Take a look at the comparative graph below:

What to expect from the stock market in the near future?

Regarding short-term predictions by stock market:
In general many analysts believe that the current global correction of stock market can continue only for a few days. In this case a serious driver for the growth of US indices can be a season of reports, which starts on 12th of October.
There is also a high probability of reducing political risks after the midterm elections in the United States, which will be held on October 6, where the lower chamber of the US Congress (US House of Representatives) is fully reelected, 35 senators from 100 and 36 state and territory governors.
In the event of the victory of the majority of Democrats in the elections, the scales will bow against the presidency of Trump and his powers can greatly cut down on some issues.
Although even I do not live in the USA, but as for me Trump has fucked many of them with his policies, especially his tax reform, as well as raising customs duties on imports of products from other countries, which had a very negative effect on many large companies that buy equipment or raw materials from abroad.
So let's hope the Democrats win, to pacify the American billionaire madman.

Situation is quite bad regarding mid-term predictions by stock market:
Since the US Federal Reserve is not subordinate to the president, Trump cannot influence the interest rates of the FRS in any way. And FRS raises the interest rate each time, and when the crisis sets in, it will motivate people to borrow, which will have a negative effect on the economy as with each increase the situation will only worsen.
Also do not forget about the trade war with China. And by the way, those who are now working in the US in logistics spheres are already beginning to feel the onset of the crisis. And the next financial crisis will be worse than the previous one - subprime mortgage crisis,

Part Three:
Brief TA by S&P 500
On the graph below you can see how S&P 500 formed wedge pattern and target according to the wedge was reached. If my calculations are correct then the falling should stop (of course if there dont be any other fundamental factors) and frst target by correction could be at 2760 points (23,6% by Fibo) and 2800 points (38,2% by Fibo).

Part Four:
TA by BTC
Before starting TA by BTC, I would like return back to the influence of today's stock market crash to crypto market: In the beginning of this market update I wrote that BTC was dropped because of crash on stock market, but now I am more inclined to think that there was no particular correlation between these markets. If you look strictly according to technical analysis, then this fall could have been foreseen, since an upward wedge was formed, but I did not notice it for several reasons, and the main was that the wedge was not so clearly visible.
Look to the chart below: