A rough inference from the price and news isn't quite impressive. I must remind you the simple idea that after a pebble is thrown into a pond, it bounces a couple of times from the surface only to sink to the bottom. Now when we put this into the crypto logic, the price of bitcoin is hammering its support around $7800 - $7900 range. Another smaller bounce or probably the last ripple will send us lower.

$BTC / $USD

Only place I’d consider shorting is around this range high and liquidity pool around 8460+


https://www.tradingview.com/x/RRVTJHZx/

$BTC / $USD

Overview:

Currently long on btc from 7901.

Key things to take Into account.

Price consolidated heavily at a H12 demand while price was being suppressed. What makes this demand a strong one? It was the one that led to the break in market structure followed by a raid of 8800 highs.

Price retraced back into it which we consolidated before expansion.
Keep this in mind: consolidation above new demand (support) is bullish; consolidation above old demand (support) is bearish.

Daily higher low and higher time frames printing an expansion while many people were shorting a key level. Price suppression is usually done at these levels to fool you into shorting and to fill larger long bid orders.

It’s a matter of perspective and how you interpret price actions


https://www.tradingview.com/x/qcQNbMcR/

$BTC Dominance

Currently trading above key weekly level which is NOT good for alts.

Ideally I’d wait for a break of weekly level and consolidation before expansion to the downside before considering heavy spot and alt longs.

For now my only exposure is BTC and USD.


https://www.tradingview.com/x/qastcI2w/

$TRX / $BTC

Considering the dominance chart is trending and some alts are failing to follow through.

This is a setup I’m considering for tron.

Lower highs/ lower lows.

Lows swept and consolidated above a key OB but failed to have any follow through.

If price breaks down and consolidates below this key level I will be looking to short to its next key support.


https://www.tradingview.com/x/tlSHZmul/

Update from Mr. X

BTC USD 🔴
——————
Take a look at the 8H close. Bellow Resistance and it can take price down to 8080 support. Above Resistance and this might be the same fractal as per 7th-9th of October.

https://www.tradingview.com/x/ssLYqjfm/

Just so you get the idea, $BTC longs are currently paying $67.770 on daily basis while shorts are only paying $664 to keep their positions open.

$ETH/USD Finex daily charge is $36.144 vs around $800 as well.

Adjustments have been made to the main support section of the BITFINEX exchange. You can see the rebound in the lower line of the fireflag pattern, one of Fibonacci 0.5 retracement and rising wave adjustment patterns. (XBT / USD continued its bullish trend as it shows a 0.382 retracement level) As long as the additional lows are not updated and the peaks of one wave are not below, the target value of the typical five-wave rate calculation can be set to $ 8400 $ or 8456 $. (8466 $ / 8500 $ based on XBT / USD) The maximum rate of rise can form waves up to $ 8968, but if the rise is near, there will be more residual waves, making it difficult.

New Proposed Soft Fork for Litecoin

Today, the Litecoin Foundation put up the following tweet:

https://twitter.com/LTCFoundation/status/1186652141089427456


This Proposal is Litecoin's Attempt to Integrate Privacy into Their Protocol

The tweet contains a GitHub link to a new LIP (Litecoin Improvement Proposal; like BIPs...just with Litecoin instead).

Here is the link: https://github.com/litecoin-project/lips/blob/master/lip-0003.mediawiki

Proposal Title: 'MimbleWimble via Extension Blocks'

This is a 'soft fork' proposal, which means that, if accepted, there would:

A) Be no 'split' in the chain or mandatory upgrade

B) The upgrade would be backwards compatible, which means that blocks that include these new TXs on the Litecoin network would not be considered invalid or rejected by non-upgraded nodes (if this proposal is accepted, it is still in 'draft' status currently)

Source hash.fail

Watch Facebook CEO Mark Zuckerberg live as he testifies before Congress on social media giant’s Libra stablecoin: https://www.youtube.com/watch?v=isTB1Bpl9SA

🎓SMASHING SIGNAL🎓

#SPND has been the best performing asset on my radar over the past few weeks. I'd just like to give a shout out for this flawless call by one of our favorite members 👨‍🚀 🚀

🔼Signal: 19sats
📅Date: 10th October 2019
🔸Current Price: 57sats
🎯Profit: 198% profit

🎓 #XEM / BTC (1D) - View Chart

🔸Status: It's been a full 7 days since the initial break on XEM. Over the past 3 days, the trade has been coasting along bellow our entry point. An effective stop zone has kept the position open until now.

Secondary entries at 480sats would have been a good bet. We have lost some money with the big dump on BTC - as the base pair - today, but the market has already started to balance this offset with a move back up to our entry zone. Mitigating the loss with a +5% move. Looking to have the rest of this loss covered within the next few days.

Current Price: 501sats
Enter Bellow: 500sats - Filled
Targets: 552sats, 636sats, 865sats
Exit bellow: 475sats (-5%)

The target price for the H & S pattern is 6800 $ and I'm not sure it's bottom yet. The current section is the last desired section for Tcam. It is necessary to confirm whether to support the buying zone again since the 1H phase diver is being formed.

🎓 #LTC / BTC - View Chart

Limit entries and market entries are a go for our long term outlook on LTC. Time to get into your positions.

$BTC / $USD

Don’t have much price action developed to go off of but might be looking to short grey block (point of breakdown)

Nothing set especially going into the weekend. Will look closer to weekly close.

I’ve had a solid month but backtracked my journal logs and Saturday’s have been jumping in and out of positions so going to let price settle and not fade the move.


https://www.tradingview.com/x/tAwtuTxI/

If y'all wondering why the prices jumped, there was a liquidation of a short position about $145 million.

$TRX / $BTC

FA Really pushing tron.

Daily straight into OB.
A lot of FA of TRX this week I believe a partnership or so.

Watching daily close and a pullback.

230 seems like a good target and anything above that would be 275-318


https://www.tradingview.com/x/eXwncQQj/

Rebound in buy zone that we made a month ago Capture the upside momentum before Xi Jinping Beam I grabbed all the inflection points before the ascension from Xi Jinping Beam. I hope you still can't buy anything, suck your fingers, or catch a short black cattle. Again, this is a trend upward trend.

Opened at 9700 with a $955 gap (10%), the largest in CME history so far

Y'all know how accurate the CME gap plays out every single time so sooner or later, the gap is bound to fill. Watch your bags boys

If the deviation of 9300 $ on the chart is not completed, the adjustment wave is not completed. HODL until breakaway due to 2H / 4H upward divergence