📈 Bitcoin may be a good buy right now 💵
The market fell sharply recently but sellers were rejected near the up trendline support from 9/15/17, which happened to be the same area as the 200 day moving average & horizontal support around $11k. There is a possible 3 wave corrective structure near completion once a low is formed with 2 candles to the right of the most recent low. Weekly chart has retraced for a few weeks now and price is in between the 10 & 20 week averages. 💸
Mean reversion is a key part of my chart analysis. It just makes sense - price goes so far and reverts to the mean. The market has more energy to move in your direction before it has already spent its energy extending far away from the average. We'll see what happens but this an ideal time to buy for longer term positions. 💯
Bitcoin, Ethereum and almost every other cryptocurrency is plunging
Look away now if you own bitcoin or other cryptocurrencies. This won’t be breaking news to you if you are invested, but today has seen the entire crypto market fall by double-digit percentages.
The price of bitcoin slumped by 15 percent to drop below $12,000 for the first time since December 4. Ethereum, meanwhile, fell by over 20 percent to hover above $1,000 and Ripple is down 33 percent to $1.23 at the time of writing.
The price drop is having a huge impact. According to Coinmarketcap.com, a site that is quickly becoming the go-to price checker, just one of the top 100 highest valued cryptocurrencies isn’t in the red over the past 24 hours. That’s Tether.
Join the quiet revolution on btc mining, btc is fast growing and it's the best way to make it online and fast.but you will not go anywhere if you don't let go of your fear
2 181 hours ago
The Cboe began trading the first Bitcoin futures on Dec. 10, and that first contract expires Wednesday, and the initial CME contract expires on Jan. 26. Investors will be watching to see how smoothly the Cboe contract closes. Investors in many futures products will typically roll over their contract into the next month, but with bitcoin nothing is certain.
There have been some vague concerns that because Bitcoin futures are settled in cash, it might be possible for investors to push around the futures contracts at the close simply by aggressively buying and selling. Maybe, but presumably if the futures prices got out of whack with the cash, arbitragers will step in.
One thing for sure: Holding the contract from the opening to the close was a losing proposition. These contracts opened for bidding at $20,000 on Dec. 10. But on Tuesday, Bitcoin was sitting right around $10,000, a fall of 50 percent.
Pressure has been mounting on Bitconnect for months, with leading figures within the crypto community, from Vitalik Buterin to Jameson Lopp, speculating that the exchange was not all it was cracked up to be. News.Bitcoin.com reported on these rumors back in November before revealing, less than a fortnight ago, that the company had been slapped with an emergency cease and desist order in Texas. Among many red flags to have set alarm bells ringing were Bitconnect’s extremely odd marketing videos, described by one commenter as being “like scientology merged with hillsong infused with dorks and used car salesmen”.
In an update posted on the Bitconnect website, the company said it was halting its lending and exchange service due to the spate of cease and desist notices coupled with “bad press” and a string of DDoS attacks. Unfortunately, due to the ongoing DDoS attacks, the blog post can’t be accessed at this time. The “bad press” that Bitconnect cites, otherwise known as accurate reporting, has been invaluable in helping guide crypto newcomers away from the platform.
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16 7523 hours ago
bitcointre Everyone is in Bitcoin and crypto started out trading like this @bitcointre📉
Be fearful when others are greedy and greedy when others are fearful. If 99% of people are doing what is shown in this drawing then you need to do the opposite and you will always win.
27 1944 days ago
Japan's DMM Bitcoin Exchange Opens for Business With 7 CryptocurrenciesJapanese internet and entertainment conglomerate DMM Group has launched a cryptocurrency exchange under the brand name DMM Bitcoin. The platform began trading on Thursday January 11.
To commemorate the grand opening, the exchange is giving away 1,000 yen (~$US9) to all customers who open a new account during the campaign period between January 11 to March 11.
Customers can trade on their PC or use an Android or iOS app. The platform supports bitcoin (BTC), litecoin (LTC), ether (ETH), ethereum classic (ETC), nem (XEM), bitcoin cash (BCH), and ripple (XRP). Fourteen currency pairs are available for trading. In addition to the 7 coins trading for yen, 7 crypto-to-crypto trading pairs are offered; they are ETH/BTC, ETC/ETH, XEM/BTC, XRP/BTC, LTC/BTC, ETC/BTC and BCH/BTC.
According to DMM’s announcement, the exchange is using a trading platform provided by Simplex Inc. called “Simplex Cryptocurrency.” This platform offers trading tools for general investors, business management systems, and a dealing system.
Japan's DMM Bitcoin Exchange Opens for Business With 7 CryptocurrenciesSimplex has been providing securities and FX trading systems to major banks and financial services companies such as SBI Holdings, GMO Group, Nomura Securities, Matsui Securities, Bank of Tokyo-Mitsubishi UFJ, Mizuho Bank, and Money Partners Group. The company recently started offering a cryptocurrency trading system and DMM Group is its first customer for the new service.
In addition, a subsidiary of DMM Group is launching a new cryptocurrency exchange. Next Currency Inc announced earlier this week that it has filed with the Japanese financial authority to register a new exchange called Cointap.
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7 1205 days ago
🔝Top-100 Cryptocurrencies described in 4 words🌙🔥📊
19 4705 days ago
Welcome to the Crypto market 😜
29 1592 days ago
Take my advice and there will come a time in the very near future where you will be at work looking at your Blockfolio thinking about which day you’re going to tell your boss F you and peace out ✌🏽