Why I expect rise:
1. Mass media publish good news regarding crypto.
2. Stock market is going to crash in near future. And as we know now there is no correlations between crypto and stock market.
3. Wallet analysis shows that many big players are buying BTC now. Even well-known marketmaker who never was wrong by buying BTC at right time before the rise.
4. Also dont forget previous market review regarding global trend line whoch comes since OCT 2011.
5. And also Compound Fulcrum pattern is still active. Pattern is rare but works in general.
6. Below 6265$ we have several strong supports: 6200$ - blue trend line, 6000$ - concrete support level, 5950$ ЕМА100 on weekly TF, 5700$ trend line which comes from 2011-2012.

Now it's been a while I wrote for you guys. So here is a summary.

The market has ranged in the 6250 - 6450 range for quite sometime now. The volatility has been cut by a huge extent.

Altcoins are showing huge green dildos and must of our wallets seem to improve over time.
But now the catch is that these greens shouldn't mislead us to long. The whales are a sleep not dead.
I expect a huge move upwards in the next few days which will grab media attention again.

Just to update, i am staying away from #BCH and​ have no plans to​ enter this​ coin.​

You are informed.
Absolutely Mashed Baby

MARKET UPDATE

Hi to all!

Sorry guys for no detailed market update for a long time. As you could see earlier after some small rise impulse BTC went to market flat always. And just FYI, if in future Im not posting any market update than keep on track with previous one.

Lets look to the graph below (BTC D1 TF).
The price stuck at upper border of the wedge and at the lower border of Ichimoku cloud.

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/