BTC D1 TF (Bitstamp)

BTC has next resistances above current price leve;:
6625$ - ЕМА100 on D1;
6820$-6850$ - EMA50 on D3 and ЕМА21 on W1;
7020$ - EMA200 on D1 and EMA50 on W1.

There is a possibility that price can bounce down to the area at 6430$ (23.6% Fib), 6360$ (38.2% Fib), so for those who have opened LONG positions I recommend to update stoplosses for re-entering again at lower level in case of bounce down. I drew Fib retracement from the previous local dip at 6056$ by Bitstamp.

If the price could break through the upper of border of the falling wedge with good volumes and consolidates there then BTC has all chances reach 7500$ and even the target by wedge. The most important thing for BTC is stay above 6k$ and the more time BTC stays higher it the more chances to go higher.

Anyway dont forget about updating stoploss for now, because Im sure many of you have entry point lower then current price level. And if BTC has some risk, even small one, of going to 6k$ area would be better to have insurance with stoploss and re-enter at lower values.

Now lets talk about fundamental part

1) ETF
As many of you know 5th of NOV was a last date of accepting remarks and notes regarding 9 ETFs. Now SEC should give a feedback till 28th of DEC or postpone till FEB 2019 (but this is a last time when SEC can postpone it). The main question is: Why SEC declined ETF previously and then change mind and decided to give one more chance to review them again?

2) BITMAIN
Also many of you saw news about release of new ASICs by Bitmain. There are rumors that sponsor of previuos BTC pump on 2017 was Bitmain. If this is true then we had such picture - before BTC pump on 2017 Bitmain has mined a lot of BTC using their new (was new on 2017) ASICs, then announced them and pumped BTC for selling more ASICs and fixing BTC at high. Im mentioning only Bitmain, despite there are a lot of other mining equipment manufacturers. Just Bitmain is the biggest one.
So now we have almost similar picture - before the announcement new ASICs the mining difficulty was increased well starting from end of JUL 2018 till beginning of AUG 2018 and still growing (look at the graph below). But the price at above mentioned period was dumped well from 8200$ till 6000$.

Bitcoin mining difficulty

3) BAKKT
Intercontinental Exchange (ICE) a parent company of The New York Stock Exchange (NYSE) is going to launch Bakkt on 12.12.2018. And the first asset will be BTC futures contracts with physical delivery of BTC asset. The key word is "physical". It means that for trading operations will be used real BTC, not air asset like in CME of CBOE.
Details about how Bakkt will operate you can read here on the official website:
https://www.theice.com/products/69281872/Bakkt-Bitcoin-USD-Daily-Future

Still consolidating? Or do we have the bulls back? by Armar Shamas
https://link.medium.com/iBsMEzwQFR

The Potato:
➕ Bitcoin & Market Update ⚡️

Bitcoin Price (USD): $6,187
Market Cap: $205bn
Bitcoin Dominance: 53%

Over the last 24hrs, the crypto market as a whole has lost $7bn. Bitcoin saw a -2% drop and the market shortly followed.

Now, here are the two major opinions of what is going on with the market:

1: Bitcoin is due a further move down to the $4,000 level and BTC is nearing a death cross (200 MA crosses 50 MA)

2: The Bitcoin support at $6,000 is extremely strong, the global interest is rising and there's lots of bullish news circulating (e.g. the Bitcoin volume in Venezuela, Chilie and other deprived countries is at an ATH - showing that citizens have more faith in it than their current govs.)

The contrasting views make it extremely hard to make a decision, but the most important thing is to preserve capital and make sure that youare ready for either scenario.

There are ways of removing the need to make a decision, called hedging, now you can do this in spot or leveraged. For those that don't understand, this is essentially protecting your capital by being on both sides of the market.

One popular way of doing this is: holding Altcoins and opening a leveraged short on BTC, therefore if Bitcoin falls, you earn money and thus will compensate for the losses on Altcoins, and, if Bitcoin goes up, you lose on the Bitcoin short but earn money on your Altcoins, it is effectively a form of insurance.

We are still bullish on the market and have done exactly that, opened a hedge short on Bitcoin.

Some good amount of volatility incoming in next few hours. Fasten your seat belts !

It is a no trade zone currently. #BTC might go either ways. Fight between Craig white, Roger Ver and Jihan Wu has caused lot of blood on streets already. Its about ownership of BitcoinCash after the fork and hence you would be hearing a lot about hash war.

We might even see #BTC price pushed upwards !

A good watch on market needs to be kept !

Switzerland Green Lights World’s First Crypto ETF to be Listed Next Week

Link: https://www.trustnodes.com/2018/11/17/switzerland-green-lights-worlds-first-crypto-etf-to-be-listed-next-week

Huobi confirms ABC will get the $BCH ticker. Now even a man with a potato as a brain will buy. Catch 'em before the word is out

We’ve had a bit SCARY update today. Today’s drop indeed scared many falling rapidly in a free fall.
The conclusion: $4400 is going to be the bottom and the price won’t go lower. The short piercing with the wick is possible. But it will return back to $4400.

Okay now this is what we get. The losses have already been taken. The blood is already spreading.
That's why we need regulation for stability.
Emerging markets need maturity to be accepted by the big players. Till then stay strong.
Stay Mashed. ❤️
http://www.ccn.com/us-justice-department-probes-tether-for-bitcoin-price-manipulation-report/amp/

RSI shows historical low as it was in 2015.

Bitmex Scalp/Swing Trade: XRPZ18

We have bearish confirmation on XRPZ18 as we suspected. This asset is very tricky to short sometimes so we'd recommend moving your stop loss in the ongoing long trade to entry or above entry, then if you have another Bitmex account open the short there. If you have just 1 account you can close all your position here and open short.

The XRPZ18 asset is trying hard to move towards the 78.6% Fib line but hasn't succeeded yet. The asset recently had the 50 MA move under the present 1 hour candle, but we're still seizing bears trying to seize control. A test of the blue line is possible and if bears are strong we'll see more downside to the 200 MA. We'll have more quick steady down movement after the RSI crosses below the support line.

Short Entry: 0.00009545
Leverage: 20x
Targets: 0.0000949 | 0.0000945 | 0.000094 | 0.00009305 | 0.0000921 | 0.000091 | 0.00009 | 0.00008955
Stop Loss: 0.00009643
Risk/Reward Ratio: 6.01 (Good)
Risk Percentage: -20%

https://www.tradingview.com/x/XgU8Q7to

Short hear and make the worst decision of your life. Potential reversal coming in the next 12 hours.

Watching history repeating itself.