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BITCOIN: Refining the count

July 13, 2019 Published by

As I wrote before, everything seems to indicate a 3-3-5 Flat Correction and I don’t like the “shape” of this chart at all… even more when I see a very ugly H&S pattern in formation right now…

Volume keeps falling and the 11300 USD resistance is acting strongly as so, there is a lot of selling pressure at that level.

I am keeping the 9400 USD support as a good one historically but the H&S pattern is pointing 8800 USD as a target if BITCOIN falls below 11000 USD right now…both levels should be good enough for BITCOIN to rebound and reach new highs.

Regarding the expected “altcoin Season”

The total 24-hours trading Volume is currently at 60 Billion, 20 Billion ascribed to Tether and 20 Billions to Bitcoin, the rest is divided among the others top 100 altcoins….

This proportion of 33% for Tether and 33% to Bitcoin is almost constant…what means is that there is no altcoin season for the moment but only BITCOIN and USDT accumulation.

The future scenario of the whole market is now on play.

@toofasteddie

Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

Bitcoin Analysis, Trump Tweets and Answering Your Questions

July 12, 2019 Published by

Bitcoin continues to trade above $11,000 as bulls refuse to give in to bearish pressure.

Screen Shot 2019-07-12 at 11.17.50 AM.png

In today’s video we’ll discuss where price may be heading next, Trump mentioning Bitcoin, Tether issues and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/?workin2005/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.

Workin

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BITCOIN: Seems a 3-3-5 Flat correction and..

July 12, 2019 Published by

…it probably is.

I am keeping observing and following up this chart.

3 lines confining the move right now and I do not find a probable bull pattern but a Flat correction if the volume does not help us.

At the 4-hour chart the most realistic count in my opinion claims for 5 waves down towards 9400 USD support.

(C) must be lower than (A) and this last touched the 9700 USD so I think 9400 may be a good ground to rebound on.

In order to keep a Bullish continuation, BITCOIN should move from that level upper than the higher high of the year, almost around 14000 USD…

Will see what happens in the coming days, if we keep ranging, falling further or finally ending the correction…

The future scenario of the whole market is now on play.

@toofasteddie

Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

? Daily Crypto News, July, 12th?

July 12, 2019 (updated July 12, 2019) Published by
  • Trump Tweeting About Bitcoin is ‘Achievement Unlocked,’ Says Coinbase CEO ;
  • Fed Chairman Jerome Powell Compares Bitcoin to Gold ;
  • Bitcoin Mining Industry is Booming as Difficulty Soars 14% to New High ;
  • Visa, Blockchain Capital, a16z Back $40 Million Series B Round for Crypto Custodian Anchorage ;
  • How Bitcoin Might Help the World’s Oppressed Sidestep Censorship – in Space ;
  • ? Daily Crypto Calendar, July, 12th?
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

? Trump Tweeting About Bitcoin is ‘Achievement Unlocked,’ Says Coinbase CEO

Donald Trump saying he is not a fan of Bitcoin (BTC) and cryptocurrency is “yuge” for the industry, commentators were suggesting after new tweets on July 12.


In the hours after the United States’ president delivered his lackluster appraisal of crypto, the Bitcoin price stayed stable, only to then begin growing to hit 1% gains Friday. 


Negative or not, for proponents, the event marked a psychological milestone for Bitcoin, as Trump had previously held off from mentioning it in public. 

? Fed Chairman Jerome Powell Compares Bitcoin to Gold

Federal Reserve Chairman Jerome Powell said he can envision a return to an era where multiple currencies are in use in the United States.


During Powell’s testimony before the Senate Banking Committee on Facebook’s planned Libra cryptocurrency, he said: “The size of Facebook’s network means it could be, essentially, immediately systemically important.”


Though the initiative raised “a lot of serious concerns,” including privacy, money laundering, consumer protection, and financial stability, he began to speak favorably about other cryptocurrencies.

? Bitcoin Mining Industry is Booming as Difficulty Soars 14% to New High+

Mining difficulty on the Bitcoin (BTC) network has taken its steepest upturn in almost a year, data from major Chinese mining pool BTC.com reveals.


On July 9, difficulty surged by over 14% to hit 9.06 trillion (9.06 T), at an average hash rate of 64.85 EH/s — a new all-time-high in the network’s history.


The last time the network posted such a sharp increase in block producing difficulty was back in late July 2018, when it soared almost 15% over a 2,016 block interval. 
At that time, however, average hash rate was at 42.59 EH/s and absolute difficulty was at a significantly lower 5.95 T.

? Visa, Blockchain Capital, a16z Back $40 Million Series B Round for Crypto Custodian Anchorage

Anchorage, a company providing crypto custody services for institutional investors, has just raised $40 million in a Series B funding round.


In an announcement Wednesday, the firm said the round was led by Blockchain Capital, with Visa Inc. and existing investors such as Andreessen Horowitz also participating. Anchorage has now raised $57 million in total funding since 2017.


Diogo Monica, Anchorage co-founder and president, said:


“Our mission at Anchorage is to advance institutional participation in the digital asset class, and this funding will improve our ability to do precisely that. To have the support of pioneering organizations like Visa and Blockchain Capital is a validation of Anchorage’s vision for the emerging economy of digital assets.”

? How Bitcoin Might Help the World’s Oppressed Sidestep Censorship – in Space

A loose group of developers are testing out the idea that the combination of bitcoin and orbital communication might provide a means for stopping governments or other powerful entities from suppressing news they don’t like.


Censorship is a worldwide problem, with one of the more recent examples include a new law strengthening the Russian government’s control over the internet, which pundits worry will be used to censor information that reflects poorly on it. As such, technologists have long tried to chip away at this problem with technology that ranges from privacy browser Tor to the walkie-talkie messaging app Zello, the latter of which Venezuelans used to read information that’s uncontrolled by the government and to organize protests a few years back.


A more recent effort is being waged by a small but global group of developers who are sending messages using satellites paired with software from the bitcoin technology startup Blockstream, initially deployed with the grand goal of allowing people worldwide access to bitcoin even if they didn’t have internet.

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? Daily Crypto Calendar, July, 12th?

“Third (stage 3 at block 1 500 000) reduction of POW miner’s reward,” in Q3 2019.

HUOBI Listing

“We are hosting an AMA this Friday, July 12th at 3:00 pm EST here on Reddit to go over an agenda of items and answer community questions.”

HarmonyAsia Korea from July 12 – 18.

“Ask us anything! Live Telegram AMA Friday 12 July starting at 8:00 AM GMT”

image.png

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

The correction is still in progress on the STEEM and looks really powerfull. Today we broke the support line around 0.29$ and we are continuing to drop. We have a high risk now to go in the direction of the 0.24$ support line in red… yeah it is really low but we don’t have real support before. Let’s see !

image.png

Last Updates

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Play on a fair STEEM CryptoGaming website !

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Quick Bitcoin Update!

July 11, 2019 Published by

Bitcoin bounced nicely off the $11,000 support, providing a decent scalp as discussed yesterday.

Screen Shot 2019-07-11 at 6.40.53 PM.png

In today’s video we’ll discuss where price may go from here, key areas to watch and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/?workin2005/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.

Workin

If you found this post informative, please:

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Get paid for viewing ads and Support the Crypto Ecosystem with Brave Browser. Free download here:
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YouTube: https://www.youtube.com/c/workin2005
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Feature Image By: Saul Gravy

BTC – 11 July

July 11, 2019 Published by

This is a quick look at what BTC is up to today and what it might do in the next day or two.

 

I remind you that I post a steady stream of short crypto updates and suggestions on Twitter. As you will see, most of what I say today has already been said there some time ago. Twitter is the place to be if you want my real-time analysis of crypto price action.

Well the Libranauts are out in full swing again, once again claiming that Libra decisions have affected the price of Bitcoin. This is not just wrong, it’s stupid! Anybody with half an eyeball would have seen markets jumping all over the show yesterday: crypto, precious metals, forex. I’m SURE that the Fed discussing the future of interest rate cuts was not the real reason for the BTC dip!

Bitcoin:

 

Gold:

 

The S&P 500:

 

Even the Euro:

 

Clearly global finances are now only concerned about one thing: Mark Zuckerberg’s fake crypto. Honestly, this Libra hysteria is beyond belief! It brings out the worst in me: during my basic military training phase – many moons ago – we had an instructor who always used to threaten us with: “I’ll rip your arm off and hit you with the bloody side!”. If only I could catch a journalist in the act of writing such Libra rubbish, I would feel obliged to carry out that particular form of “behaviour correction”!

Rant complete.

As I was saying before I so rudely interrupted myself: I announce a lot of my crypto ideas on Twitter. This is what I thought yesterday when prices were sliding:

 

But I was wrong about support holding:

 

And that’s what I still think for now. Let’s see that on the charts:

I am expecting Bitcoin to find support at about $10900 – the base of the diagonal Fib levels. Since this dip is based on no fault of BTC’s, I expect that the dip will be bought rapidly as people realise this. It remains mind-boggling that investors continue to treat BTC like a regular asset (dumping it at the first sign of FUD), when it clearly plays according to different rules. Maybe one day they will learn… – but don’t hold your breath.

Because BTC was upwardly mobile prior to the dump, I expect it to rise fairly fast. probably straight back up to the 0.382 diagonal Fib resistance level which it was testing prior to the dip. That level is sitting above $13k and climbing.

 

Alternatively: the still shaky market (2018 taught people the meaning of “fear”!) might not have that much confidence, in which case BTC will pull out of the climb one level lower: somewhere near $12500.

 

I very much doubt that BTC will break the 0.0 Fib level and continue downwards, that would be against all the odds. Still, this is crypto, so let’s say there is a 1% chance that that can happen. Looking at this medium-term chart, it’s hard to imagine such a scenario in an asset which is so bullish at the moment: (though not nearly as bullish as what it may later become!)

 

A more likely alternative is that BTC – now being suppressed by FUD, breaks straight through the Fib level at around $13500 and climbs to the next higher level. We could be looking at $14400 BTC before the weekend…

 

Scenario weighting is as follows:

  • BTC hits support and climbs rapidly back to the 0.382 diagonal Fib ($13500ish) – 40%
  • BTC hits support and climbs rapidly back to the 0.236 diagonal Fib ($12500ish) – 30%
  • BTC hits support and climbs to the 0.5 diagonal Fib ($14300ish) – 15%
  • BTC breaks support and heads lower – 1%
  • Something else – 14%

Even though Libra isn’t to blame for this, blaming the Fed is hardly much better. Yes, it DID probably cause this dip, but it shouldn’t have. Sadly we still live in a fiat-centred wordl. I live for the day that crypto take over and that fiat events no longer mater to anyone. Hopefully I live to see that day.

 

Don’t listen to moronic journalists and “analysts”, listen to Bit Brian.

 

 

Yours in crypto

Bit Brain

All charts made by Bit Brain on TradingView

All Tweets from https://twitter.com/brain_bit

“The secret to success: find out where people are going and get there first” 

~ Mark Twain

“Crypto does not require institutional investment to succeed; institutions require crypto investments to remain successful” 

~ Bit Brain

Bit Brain recommends:

Crypto Exchanges:

? Daily Crypto News, July, 11th?

July 11, 2019 (updated July 11, 2019) Published by
  • Coinbase Is in Talks to Launch Its Own Insurance Company ;
  • Binance Officially Launches Its 2.0 Platform With Margin Trading ;
  • US SEC Approves Blockstack Token Offering Under Regulation A+ ;
  • Visa, Blockchain Capital, a16z Back $40 Million Series B Round for Crypto Custodian Anchorage ;
  • Winklevoss Twins’ Gemini Exchange May Join Facebook’s Libra Project ;
  • ? Daily Crypto Calendar, July, 11th?
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

? Coinbase Is in Talks to Launch Its Own Insurance Company

The takeaway:


Coinbase is exploring plans to set up its own “captive” insurance company, industry sources said.


At the start of this year, insurance broker Aon began establishing captive companies in the Cayman Islands, working with a handful of cryptocurrency firms.


Aon says a captive structure can help firms get access to additional coverage at more reasonable prices.


Insurance for crypto remains scarce, and major exchanges Kraken and Huobi say they simply self-insure by setting aside coins to cover losses from thefts or hacks.

? Binance Officially Launches Its 2.0 Platform With Margin Trading

Top crypto exchange Binance has launched its margin trading platform, an official blog post published today, July 11, reveals.


Binance’s move to expand trading possibilities to meet the full scope of institutional and retail traders’ needs had already been indicated by exchange CEO Changpeng Zhao this May — the same month the exchange had suffered a major hack incurring $41 million in losses.


In today’s announcement, Binance notes that margin trading — which allows exchange account holders to use their existing balances as collateral to open both long and short positions on crypto assets — can significantly amplify profit potential as compared with regular trading. 

? US SEC Approves Blockstack Token Offering Under Regulation A+

The United States Securities and Exchange Commission (SEC) has given blockchain-based startup Blockstack the go-ahead to run a $28 million public token offering under Regulation A+, according to a report by The Wall Street Journal (WSJ) on July 10.


Blockstack will reportedly launch its token offering online tomorrow, July 11. While other firms have previously taken advantage of Regulation A+ funding, this marks the first time that investors will receive a token, rather than shares in the company.


Regulation A+ is an initial public offering (IPO) alternative geared towards startups in need of early funding. Regulation A+ funding was introduced in 2012 via the “Jumpstart Our Business Startups Act.” As the report says, any member of the public can partake in a Regulation A+ funding round.

? Visa, Blockchain Capital, a16z Back $40 Million Series B Round for Crypto Custodian Anchorage

Anchorage, a company providing crypto custody services for institutional investors, has just raised $40 million in a Series B funding round.


In an announcement Wednesday, the firm said the round was led by Blockchain Capital, with Visa Inc. and existing investors such as Andreessen Horowitz also participating. Anchorage has now raised $57 million in total funding since 2017.


Diogo Monica, Anchorage co-founder and president, said:


“Our mission at Anchorage is to advance institutional participation in the digital asset class, and this funding will improve our ability to do precisely that. To have the support of pioneering organizations like Visa and Blockchain Capital is a validation of Anchorage’s vision for the emerging economy of digital assets.”

? Winklevoss Twins’ Gemini Exchange May Join Facebook’s Libra Project

Tyler and Cameron Winklevoss, co-founders of the New York-based crypto exchange Gemini, may soon join the Libra Association, the consortium governing Facebook’s proposed cryptocurrency.


“We’re definitely looking at it in earnest and we’re excited about the project,” Cameron told CoinDesk Tuesday.


Tyler added that in their view, Libra is a harbinger of cryptos to come:


“Our feeling is, this is the first of many FANG [Facebook, Amazon, Netflix and Google] companies to have a token project. Our prediction is in the next 24 months almost every FANG company will have a coin or be working on some sort of project.”

image.png

? Daily Crypto Calendar, July, 11th?

6th Airdrop Snapshot

ColossusXT will be listed on SWFT Blockchain. $COLX can be bought with almost 200 different cryptocurrencies on SWFT app.

“On July 11th, $NULS will be holding our Basic and Business Application Module Workshop in San Jose, CA.”

Learn how to create your MRC20 token and how to deploy a smart contract for ICO in Mchain.

“6 Days to go till RIDE opens up new features for the #Waves ecosystem’s users!”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

I was saying you since days that the market was trying to break the support line at 0.34$, it is now done and as expected, we are droping heavly… That line became a major support line over the weeks and the break of it is again a very negative signal for the value of the STEEM… Lot of altcoins are using the excuse of a small correction on the BTC to have important drop but as always for correction, STEEM is again one of the best.

image.png

Last Updates

image.png

Play on a fair STEEM CryptoGaming website !

Join this new Free To Play on the STEEM Platform !

Be Careful If You Hold Monero On Exchanges

July 11, 2019 Published by

In May of this year, even the best and largest crypto exchange in the world, Binance.  Binance called the attack a “large-scale security breach,” in which hackers stole 7,000 bitcoin which was about $40 million.  Monero just made some headlines, warning owners who  hold Monero on exchanges.

Not one, not two but nine security flaws have been revealed to be on Monero from developers. One of these nine bugs could actually be exploited and used to steal XMR from cryptocurrency exchanges.
The developers have also found five DoS attack vectors and they labelled one of them as a critical issue.  Another security flaw was found in relation to the application layer used in the Monero ecosystem to increase the privacy of the transactions, CryptoNote. If hackers were able to exploit such a bug, they would be able to take Monero nodes down via a method that includes the malicious request of a big bulk amount of blockchain information from the cryptocurrency’s network.

Source

Note: An offline wallet, also known as cold storage, is probably the best way to secure your cryptos provides because one stores their cryptos in a digital wallet that is not connected to the network. When done properly, it can offer a very good protection against computer vulnerabilities.

I’m sure the developers of Monero will address these flaws.  Thus, the chart suggests, momentum is to the upside, so if price can pull back to the weekly demand at $67, look for a first target at $160.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

Bitcoin Bears Land A Punch…Bulls Try to Shake It Off

July 10, 2019 Published by

Yesterday we discussed major resistance at $12,950. Bitcoin needed to decisively penetrate this zone in order to continue its bullish momentum. Bears were having none of it as price was rejected, falling as low as $11,550 before finding support.

Screen Shot 2019-07-10 at 5.11.42 PM.png

The daily chart shows the bulls are putting up a fight, defending the 8 day EMA.

Screen Shot 2019-07-10 at 5.12.26 PM.png

In today’s video we discuss where price may go from here, traps to avoid, key areas to watch and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/?workin2005/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.

Workin

If you found this post informative, please:

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Get paid for viewing ads and Support the Crypto Ecosystem with Brave Browser. Free download here:
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YouTube: https://www.youtube.com/c/workin2005
Twitter: https://twitter.com/workin2005
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Feature Image By: Saul Gravy

BITCOIN: Alternative count…

July 10, 2019 Published by

for an invalidated Bullish count…

Recognizing that my previous count, bullish, has been recently invalidated…

Does not look to be an alternative bullish count right now, the correction is not finished and what I see fro the moment is a possible 3-3-5 FLAT Correction.

Hope I am wrong, but if not, 9400 USD should be the stronger support…

Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

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