$BTC / $USD BITFINEX

Golden Cross! Golden Cross! Yeah, I'm equally annoyed by everyone pointing the golden cross. It is so darn hard to make people realize that the Golden/Death cross is only accurate up to 65%. Another shitty indicator to plan your trades with. I so wish to find an indicator that is at least 90% accurate.

The dotted line indicates a long term support and the recent fake out might shift amateur analysts' charts greatly but again. It's a fakeout

The major buying activity is around $9300 to $9540. Pretty neat for an entry if you are a bag holder. There is still a possibility that we can go sub $9000 testing $8750 levels to find deeper support.

https://www.tradingview.com/x/N2VlqwUO/

$XRP / $USD

Not something I would enter unless we hit 28 cents. Very amusing support resistance flip being shown by the banksters

https://www.tradingview.com/x/N2VlqwUO/

Rumors sell like hot cake downtown Cryptoverse.

Hottest one yet, BINANCE GOT HACKED! so you can figure out funds are not #SAFU

🎓#TradeUpdate 🎓
🎓 BNB / BTC

🔸Signal Info: Binance Coin
Exchange: Binance
Direction: SHORT
🚩 Margin: x5

🔸Current Price: 0.00237274₿
❇️Entry: 0.00237274₿
🎯Targets: 0.00226071₿ 0.0021894₿ 0.00213238₿
⤴️Exit: 0.00247274₿

I'll tighten stop and wait for some explaination.

https://www.binance.com/en/support/articles/360039984971

The Securities and Exchange Commission today announced settled charges against blockchain technology startup Enigma MPC for conducting an unregistered offering of securities in the form of an initial coin offering (ICO). Enigma, based in San Francisco and Israel, has agreed to return funds to harmed investors via a claims process, register its tokens as securities, file periodic reports with the SEC, and pay a $500,000 penalty.

According to the SEC’s order, Enigma raised approximately $45 million from sales of its digital assets (called ENG Tokens) in 2017. The SEC’s order finds that ENG Tokens are securities and that Enigma did not register its ICO as a securities offering pursuant to the federal securities laws and its ICO did not qualify for an exemption from the registration requirements.

The SEC’s case was handled by Michael Vito, Emily R. Holness, Marc Jones, Eric A. Forni, and Amy Gwiazda of the Boston Regional Office.

https://www.sec.gov/news/press-release/2020-37

What do you do with such a news? SELL

What did Daddy tell you? Welcome to the best fucking channel!

https://www.tradingview.com/x/C3ZXB6jY/

The exact time stamp of our post. That's Hashed Plutus Edge

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

This is how I went forward with the trade.

https://www.tradingview.com/x/9nL0LFgn/

#XBTUSD

On 10x its 95% Profit with more than 6R. 👍🏻

$WRX / $BTC

Looks like the altcoin market is regaining momentum. The newest launchpad is still in price discovery mode. Let's see how this plays out.

https://www.tradingview.com/x/Jp4mA1Zc/

Bitcoin : Assuming the parallelity, Drop and Major support

Hello all, Yesterday was a very bearish day for bitcoin . we have seen a huge move to the downside which made a lot of long got liquidated and luckily, we have moved our SL into the profit. Now, let's check the bitcoin condition, whether we are already entering the bear market or the bulls are still holding the momentum??

Looking at the chart, where I assume a parallel channel that has been established since February 13th , The price is now reaching the lower line of the channel which acts as a support trend line during this parallelity. And another alignment can be met when you see that the price is still trending in the area of the major support (white). However, this area was a broken resistance before and it's now become a support. This could be the 2nd phase of our break out strategy.

On the break out strategy, A phase 2 is always becoming the perfect condition to enter the trade whenever we get confirmation. There is a possibility of the price to have bounce to the golden pocket region which has an alignment with the upper line of the channel. And when the price has reached this region, we will know very soon where the price will head in the future.

For now, let's enjoy our previous profit from long position first until we get further confirmation from bitcoin .

21 Daily EMA:

In an uptrend the Daily EMA plays a really important role. As you can see in the chart in an uptrend we have been trading / finding support above the 21 EMA. Right now we are right below it at $9,703 (Bitstamp). Ideally the daily candle has to close above it.

There is a reason I posted this. The most important analysis posted by @hashedplutus for 2020. Understanding and correctly interpreting this chart can save you millions in potential losses and add immense knowledge to the ideas of market cycles. I urge you to carefully read this and understand the technicals behind midcaps pumping now.

🎓#SpotTrade 🎓
🎓 $ENJ/ BTC - View Chart🔸
Signal Info: Enjin
Rank: #56
Exchange: Binance (Trade)
Direction: LONG

🔸Analysis: Enjin has been growing decently over the past three months expressing itself as a major asset in the gaming industry. With the right partnership acting as a catalyst, we can see this surge upto 100% in a single day like the Samsung rumour did.

With a slight shift in the levels on Bitcoin today, it sent many assets tumbling, and this is also an opportunity to explore new entries. Lets see if we can see a healthy swing on Enjin as we approach the apex of this wedge formation.

🔸Current Price: 1345sats
❇️Entry: 1330sats to 1350sats
🎯Take Profit: 1496sats, 1639sats, 1734sats
♦️Stop Limit: 1224sats

https://www.tradingview.com/x/JM1oeUTX/

Bitcoin update : February 22nd, 2020

It looks like that the bulls has lost a lot of strength at this point. The price has made an action to test the median line of the channel but, once again it has the correction not even close to the median line. The .382 fib level is acting as a significant resistance right now.

Clear sign that the bulls are losing strength is the last wick that occur in the last 2 hours time frame. It touched the $9500 region. This shows us that there is a potential moves toward the interim swing low at around $9289 region.

​​ETH Analysis:

We have seen today choppy price action on $BTC as well as on $ETH - as mentioned in our previous post.

$ETH is right now in an ascending channel which hasn't been broken yet. We should stay above $263.51 to continue the bullish uptrend . The next level of interest would be our weekly support at $258.85. Which would be also a great #Long opportunity. Aside from that Alts have been doing pretty well today. We will be looking into a few Alts next week and update you once we find something interesting.

Insider news time

We at HP have prided ourselves to give you information not available to the masses to give you the extra HP_EDGE, here is what's brewing:

a) Apparently a Chinese Whale suffered a sim hijack and has lost over $45 million in assets which include Bitcoin and Bitcoin Cash as majority assets. He is currently in talks with mining pools to reverse the transaction, if they don't work something out, we can expect a dump in both.

b) The recent Bianance listing was more of a buyout by CZ to the company to cover-up hidden expenses of Binance. They seem to operate in the grey.

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

Ethereum February 22nd, 2020

Facing the major resistance around $270 and $280. We have seen the price has tried to breach this area of resistance but it ends up failing on both attempt. So far forming higher low with flat top. Potentially to enter the consolidation phase so, I'll recommend not to take any position until we see a breaks out between both direction.

https://charts.cointrader.pro/snapshot/RkEQE

Altcoins dominance February 22nd, 2020

Hello all, Happy weekend for all of you and here in this post, we will provide the analysis about current altcoin dominance here. However, there is only 1 absolute correlation between alt dominance and btc dominance, it's absolute negative.

We can see on the chart applied that the dominance is trying to breaks the upper resistance trend line which act as a major resistance on high degree of cycle. This condition is having a negative correlation with bitcoin dominance which is currently breaks the major support. I'm targeting the gray zone for altcoin dominance in specific if the dominance can breaks current resistance trend line.

And if the dominance can even reach the gray zone, there will be a huge moves to the upside for most of altcoins. I personally look at top 20 altcoins on the CMC rank which have the most potential spike if this condition occurs.

Current open positions:

$BTCUSD from $9,600 - BTC Analysis
$ETHUSD from $258.50 - ETH Analysis

Note: Our Stop Loss has been moved to entry. ✅

$BTC addresses with non-zero balances are at an all time high. What's more surprising is that we are even higher than when we were near $20,000. Hard to not be bullish on this kind of distribution and adoption (long term).

$BTC and $ETH are both 4% + up since our call! We are seeing the predicted price action. Congrats to everyone that followed our call! 🚀

$BTC is right now at $9,940 weekly resistance.

Feel free to take some profits.

$WRX / BTC

Boom! Cleared all small resistance and spiked over 10% the following day