News - 'Bitcoin Bull' Tom Lee Cuts Target on Bitcoin; Cryptos Fall
Investing.com – Bitcoin resumed its trek lower on Thursday as its journey to $7,000 was foiled by renewed selling pressure amid a lack of meaningful data to support sentiment. Bitcoin fell 2.88% to $6,500.0 on the Bitfinex exchange, after hitting a session high of $6,704.8. While difficult to attribute a single reason for the shift lower in bitcoin, some crypto observers cited an analyst downgrade to the year-end price of the popular crypto as the catalyst. Tom Lee, Head of research at Fundstrat Global Advisors, – widely seen as a "bitcoin bull" – cut his target price on bitcoin to $20,000. While that is well above current levels it was $5,000 below his earlier forecast. investing.com/news/cryptocurrency-news/bitcoin-bull-tom-lee-cuts-target-on-bitcoin-cryptos-fall-1519342
BTC @ 6.580 - "13.00 Uhr Spike" ist gekommen oder kommt gerade. Intention dürfte wieder sein, Trader und Hodler über das Wochenende in Kryptos zu locken.
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BTC @ 6.555 - warten auf Wochenend Pump
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BTC @ 6.562 - warten auf den Mitternachtsspike & Wochenend Pump
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BTC @ 6.620 - Mitternachtsspike läuft an. Warten auf Wochenend Pump.
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BTC @ 6,6k - "Mitternachtsspike" kaum sichtbar. 24h Tradingvolumina waren Donnerstag und Freitag ca. 5 Mrd. USD. Aktuell Einbruch des Volumens auf 4,09 Mrd. US Dollar.
All Cryptocurrencies: Auch hier Einbruch der Tradingvolumina von zuletzt 17 Mrd. USD auf aktuell 13 Mrd. USD.
Number of Currencies: 1,907 Total Market Cap: $269,316,301,857 Vol (24H): $13,029,785,071
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ETHUSD - kein Momentum zur upside trotzt Trendbruch. Immer wieder einbrechende Tradingvolumina und fehlendes Momentum zur upside sind für Assets wie Cryptocurrencies keine gute Kombination. Einerseits wird keine neue Nachfrage generiert, andererseits gibt es immer noch viele hodler und trader, die zu höheren Preisen gekauft haben und durch ausbleibende Kursgewinne demotiviert werden - und früher oder später verkaufen.
Bei anderen Assets (FX, Rohstoffe, Aktienindizes) deuten Chartpattern in dieser Form auf einen sehr lange andauernden Bodenbildungsprozess hin. Bei Cryptos fehlt - nach wie vor - der "innere Wert" des jeweiligen Assets. 'Die Kursphantasie der aktuell 1.907 Cryptocurrencies basierte und basiert auf dem Momentum zur upside. Dies ist - aktuell - schlicht und einfach nicht da. Die Ängste von trader und hodler liegen - aktuell - darin, den erwarteten Aufwärtsimpuls zu verpassen. Mit jedem Tag, an denen ETH oder BTC kein Aufwärtsmomentum zeigen, sinkt die Hoffnung auf höhere Preise. Gleichzeitig steigt die Frustration. Cryptos benötigen Aufwärtsmomentum - oder trader und hodler werden verkaufen.
Western Union on #Ripple: “CEO Hikmet Ersek does not seem too content with Ripple’s payment technology.He has said during the payments processing tests his company conducted using XRP,they found money transfers using the cryptocurrency were neither cost-effective nor efficient.” altcointoday.com/ripple-xrp-technical-analysis-western-union-reconsidering-xrp-viability/
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XRPUSD
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Bitcoin Cash, Litecoin and Ripple Daily Analysis – 07/07/18 It’s a mixed start to the day and, while some of the majors are in positive territory for the week, a weekend rally is going to need to kick in to avoid a reversal that could leave the majors in the red by the end of Sunday. fxempire.com/forecasts/article/bitcoin-cash-litecoin-and-ripple-daily-analysis-07-07-18-514486
Niemand verkauft BTC mit Verlust, wenn Bitcoin zum Jahresende bei 25k stehen wird.
Bis zum Jahresende verbleiben jetzt noch 177 Tage. Laufen Cryptos weiter seitwärts anstatt Aufwärtsmomentum zu generieren, wird zwischen Ende September und Anfang November allen (!) tradern und hodler klar, dass es keine 25k bis Jahresende geben wird. In diesem Zeitraum dürfte dann das Tradingvolumen weiter einbrechen. Cryptos benötigen Aufwärtsmomentum, sonst stürzen sie ab.
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BTC @ 6,6k Tradingvolume 3,91 Mrd. USD.
Cryptocurrencies Number of Currencies: 1,907 Total Market Cap: $268,079,200,358 Vol (24H): $12,099,129,411
News - From $2.9 Billion in a Month to Hundreds Dead: Trends of the Rollercoaster ICO Market in 18 Months
However, the worrying trend with these ICOs and the money they are raising is that not enough of the projects are leading to success. ICOs have picked up a bad rap in recent times, with some major names hitting major difficulties — such as Tezos, which suffered a slew of lawsuits after infighting between the members shattered its progress. Data collected over 2017 saw 913 projects with tokensales with 435 (48%) a success, raising $5.6 billion. 131 (14%) didn't survive this stage and as many as 347 (38%) stayed unreported, with no data displayed. Some even had their websites and all traces of them disappear. This puts forward a very negative perception of the ICO space, and thus also flows over to other major cryptocurrencies and even blockchain technology itself. Much like the Dot Com bubble, businesses flocked to ICOs, but many found out that they were, perhaps, unnecessary for their projects. cointelegraph.com/news/from-2-9-billion-in-a-month-to-hundreds-dead-trends-of-the-rollercoaster-ico-market-in-18-months
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BTC @ 6.550 - ohne Spikes gibt es kein upside Momentum bei den Kryptos und keine higher highs. Die Tradingvolumina fallen. BTC aktuell 3,98 Mrd. USD, All Cryptos 12,1 Mrd.
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BTC @ 6.525 - Mitternachtspike fällt anscheinend aus. 24h Tradingvolume bricht auf 3,61 Mrd. USD ein.
Cryptocurrencies Number of Currencies: 1,907 Total Market Cap: $266,403,280,532 Vol (24H) bricht auf $11,061,594,350 ein.
Wer mit Cryptos tradet sollte wissen, dass er in einem umregulierten Markt sein Geld investiert.
Facts & Figures:
"The crypto trading market: what “unregulated” really means When you buy normal securities or commodities, you assume that the trading environment is regulated sensibly, and that the exchanges keep to the rules set by law — fundamentally, that they won’t mess you around.
You can’t assume this at all in crypto trading. This is what “unregulated” means.
There are various shenanigans that are banned on real exchanges for good reason, but are standard in crypto:
wash trades — where you trade with yourself, to pump the price up or down, or just create the illusion of trading volume. spoofing — where you place a large order to create the illusion of market optimism or pessimism, and cancel as soon as the price gets anywhere near it. painting the tape — like wash trading, but with two or more participants. The entire 2013 Bitcoin price rise from $150 to $1000 may have been from painting the tape. front-running — where an exchange operator takes advantage of a buy or sell order themselves, before their customers can. insiders with access to the database trading on their own exchange — Bitfinex officers trade on their exchange themselves. Spoofing is a major focus of the present criminal probe. It’s been illegal in the US since the 2010 Dodd-Frank act — the precise wording (§747) is “bidding or offering with intent to cancel before execution.”
It’s not frequently prosecuted, because it’s a crime of intent to deceive. But it’s so blatant in crypto that it would just be a matter of tracking down the perpetrators, then asking the exchanges to explain why they let this go on.
You can go onto the GDAX BTC/USD depth chart and watch the spoofing live! Sometimes the spoofing bots are too slow and the fake order gets nibbled away before they can pull it, and pop it up again $100 further away. Never believe any large order on a crypto exchange depth chart, except the immediate next one — and don’t believe that either.
The usual way to nail down a prosecution for spoofing is to use subpoenaed communications from foolish traders saying things like “hey, let’s spoof this one.”
Members of Whalepool, a site for large crypto traders, think nothing of complaining at length on the public Whalepool team chat about how they can’t commit tax crimes any more, and speculate how they could keep committing tax crimes. So we may have our sufficiently foolish traders."
Womit müssen Trader und Hodler in einem "unreguliertem" Markt rechnen?
facts & figures - Chart bitte anklicken:
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Supply & Demand: 82% Kursverlust reichen nicht, um die Verkaufswellen zu stoppen. IOTA crashed am 3.08.2017 in Minuten, nachdem "the last line of support" durchbrochen wurde.
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