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Weekends FUD (Typically) This time: RussiaBitcoin falling fron Range First China Now Russia. Russia to Decide Fate of Crypto Exchangers in 2022 Discussions on the future of “virtual currency exchangers” in Russia should be completed in 2022, a high-ranking representative of the country’s financial watchdog has indicated. Following international standards, authorities in Moscow would have to either regulate or ban such platforms. Decision on Digital Currency Exchangers in Russia Expected Next Year Considerations regarding the regulatory treatment of online exchangers working with cryptocurrencies must come to an end in 2022. That’s according to a statement by the Deputy Director of Russia’s Federal Financial Monitoring Service (Rosfinmonitoring) Herman Neglyad, quoted by Tass. At this year’s Banking Legal Conference, the official noted that in the light of efforts to manage risks associated with money laundering and terrorist financing under the national risk assessment adopted in 2018, virtual assets such as cryptocurrencies are recognized as a high risk factor for Russia’s financial space. Neglyad also emphasized: Here we will have a discussion to complete, I think, in the coming year. It should be determined within the framework of the FATF standards. The Rosfinmonitoring executive further explained that for the FATF (Financial Action Task Force), it is necessary to regulate the points of entry into the official financial system, crypto exchangers in this case. The organization, he elaborated, offers the country two alternative approaches — either the legalization of these crypto platforms through registration as subjects of anti-money laundering laws, or prohibition of their activities. “Both options have a right to exist. There are different points of view,” Herman Neglyad commented. At the same time, he insisted that the debate must eventually end. In the Russian Federation, cryptocurrencies and some related activities have been partially regulated with the law “On Digital Financial Assets” which went into force in January. However, many important aspects such as the status of crypto mining, taxation matters, cryptocurrency trading, and the use of digital coins in payments need further regulation through the adoption of new legislation. Bank of Russia, the country’s monetary authority, remains categorically opposed to allowing bitcoin payments. The financial regulator insists that decentralized digital currencies represent ‘money surrogates’ which are banned under Russian law. It’s also actively working with private banks to develop and issue a digital version of the national fiat, the ruble. Crypto exchangers have often been the target of restrictive government actions. In October, a number of such platforms providing Russian residents with options to exchange, cash out, and transfer cryptocurrency using various payment methods were threatened with closure after a court ruling described their content as prohibited.
COINBASE:BTCUSD
by RocketMike111
BTCUSDT Potential direction (Estimate next peak in April)My very novice TA. I suspected that 42k (8th Jan) was the peak of that cycle & it would dip from there probably to 28-25k over a week or so, say by the 18th feb. That process held off for about a week but is now in full swing. I estimate that it could go to as low as 22 & then pop back up, & follow more or less within the range (Yellow plot), more or less a in fluctuating sideways direction, then gradually start coming back up again. With the next peak sometime in April, probably not drastically higher, but probably about 47k to 52k. Just an idea, not financial advice. I am short-term bearish as the December wave was far too frothy & clearly broke at 42k, and now that wave is still coming down, getting ready for the next set. If I look at the fib circles & sine waves, or atleast just visually with my very basic understanding, & then look at the MACD, there is still some more room to come down before it plateaus out. Then as I say I think it will go sideways, then gradually back up. There's so much institutional investment money pumped into it, but in every cycle, there's a dip, as sell orders get triggered & people cash out, before buy orders get triggered & people buy more. So that's my very novice TA.. Definitely not financial advice, I'm a construction worker, not a financial analyst lol. Just an idea & trying to see if i can map out the potential direction moving forward. Give it a like or some constructive criticism if you like. Look after yourselves, & buy the dip.. Peace :)
Long
by Destyd77
1
BTC - BIG PICTURE - DON'T STOP AT THE BEGINNING OF THE JOURNEY Let's play a game. Take a look at the following picture without looking at dates and price values. Just the candles and the pattern. The price, after a consolidation at the previous ATH levels, finally breaks and registers a great 133% run, followed by a 31% retracement on the 21MA daily. It was on July 2017. Now take a look at the current situation. Incredible, right? Many considers this drop as the end of the game, the end of the Bull Run. Probably, the do not know what a bull run looks like in BTC. Let's go back to that moment in 2017 to put the first picture into the bigger perspective of what happened next. If you exited the market at that moment, you would have missed a life-changing opportunity. Not a one-in-a-lifetime one, as it will happen again XD. Don't make the mistake of expecting the market to do what you think. Just follow it. I don't have the illusion to say that this is the absolute truth nor that the past exactly repeats itself everytime, because, as mentioned in my last idea, it does not. Especially on BTC which is a new asset, with an exponential price range. However, the past is useful, especially on an asset based on math and therefore easily "understandable" as BTC. it is true that, compared to 2017, the amount of money needed to do the same hyperbolic growth is huge, and new players entered the market, which is not just retail and nerd traders that found the golden toy anymore. However, the potential of BTC remain unchanged and, if something, it has been appraised by institutional investors. It is no more some weirdo crazy man saying that it can go to 100k with btc price at 3,000. Now we have the proof it can go to levels not even imagined. We know that if BTC has a true value, and we know it has, (the reach of the 42,000 level with the entry of big funds and investors certifies it), it is certainly much higher than that. I also do not want to suggest any target as it is tough and beyond the scope of this idea. They are just numbers at the moment. However, If you want some idea of possible targets, I suggest you to read my related ideas below, especially the old ones mentioning the targets for the bull run, both technicals ones and fundamentals ones based on calculations. Nobody can know where it can go, but for sure we know it is higher than 42,000.
GEMINI:BTCUSDLong
by edutradinguru
2
Weekend Blues and the Epic Halving DumpMillion dollar bitcoin by 2020 halving, is a phrase which was dropped like a bomb on all retail investors in the euphoric year of 2017. Its a Trap! Don't be the pig boys. A lot of hurdles before the million dollar dream becomes a reality for Bitchoin. On the technical side, bitcoin has been recovering from the epic pandemic dump in a rising price channel and is aiming the 8K region after gushing thru all resistances. What they wont tell you is that they need buyers to unload their junk and cash in their worth. With the weekend approaching its the perfect set up to touch the low 8K's on low volumes and then switch to full bear mode once the weekday begins so all amateurs catch the falling knife in the hope of an epic halving pump. Daily candle to be watchful of is the 26th of this April. Load up your shorts boys. Entry - 81xx Exit - 72xx SL - 8251
BITFINEX:BTCUSDShort
by ViradJain
1
BTC – the price is perfectly aligned with 9EMA on 3D chartHi Traders! Well, yesterday’s prediction didn’t work out. As it turned out even solid pattern such as reversed head and shoulders doesn’t guarantee the win. This is crypto. They behave irrationally. Don’t be afraid. When the bull rally is on corrections shouldn’t exceed 30%. It such cases it is always a good idea to buy extra in such a dip. Yesterday’s drop wasn’t expected . Someone put a large amount of BTC for sale on one exchange . It was a trigger . The price didn’t fall that much. It was around 12% down. It is getting stabilized. We observed that during the current bull ride the price didn’t fall below 9EMA on 3D chart. What do you think about that? Drop us a line in the comment section. More technical analysis : • We are still in the uptrend • The long shadows on the bars observed – it looks like the correction is nearing to the end • Weis Waves - let’s wait till the red waves are getting smaller or the disappear • WBM BUY/SELL – the price is locally oversold Anyway, such behavior is normal and really please do not panic. When you make decisions being emotional you end up with a loss. Thank you for reading. Hit a like to support. MASSIVE Hugs! WBM Team.
BITSTAMP:BTCUSD
by WBM_Team
19
BTC – Wyckoff analysis – looks promisingHi Traders! Today we have prepared for you analysis based on Wyckoff analysis. Objective of the Wyckoff method is to improve market timing when establishing a position. Trading ranges ( TRs ) are places where the previous trend (up or down) has been halted and there is relative equilibrium between supply and demand. Institutions and other large professional interests prepare for their next bull (or bear) campaign as they accumulate (or distribute) shares within the TR. In both accumulation and distribution TRs, individuals are actively buying and selling depending on the trend (bull – they are buying; bear – they are selling) Phase A – we can observe stopping of the downtrend. Up to this point supply was dominant up to selling climax ( SC ) followed by preliminary support (PS). Once these intense selling pressures have been relieved, an automatic rally ( AR ), consisting of both institutional as well as individual demand for shares. Phase B - institutions and large professional interests are accumulating relatively low-priced inventory in anticipation of the next markup. The process of institutional accumulation may take a long time (couple of months), and involves purchasing shares at lower prices and checking advances in price with short sales. Phase C - The stock price goes through a decisive test of the remaining supply, allowing the “smart money” operators to ascertain whether the stock is ready to increase. “Spring price” is a price move below the support level of the TR established in phases A and B that quickly reverses and moves back into the TR. It is an example of a bear trap because the drop below support pretends to be downtrend. In reality, though, this marks the beginning of a new uptrend. In Wyckoff's method, a successful test of supply represented by a spring (or a shakeout) provides a high-probability trading opportunity. A low-volume spring (or a low-volume test of a shakeout) indicates that the stock is likely to be ready to move up, so this is a good time to initiate at least a partial long position. The appearance of a SOS shortly after a spring or shakeout validates the analysis. LP stands for last point of support. Phase E - the stock leaves the TR, demand is very strong, and the uptrend is obvious to everyone. Setbacks, such as shakeouts and more typical reactions, are usually short-lived. New, higher-level TRs consisting of both profit-taking and acquisition of additional shares (“re-accumulation”) by large operators can occur at any point in phase E. These TRs are sometimes called “stepping stones” on the way to even higher price targets. We fell in love with this pattern and this approach. Now everything is much clearer. Future is bright. Stay patient at least for another month. Till that time we should be in the uptrend. Guys, how do you find this approach? Do you find it helpful? Please do comment and like if you like our job. HUGS! WBM Team
Long
by WBM_Team
3
BTC - Digital Gold - Don't panic - PATIENCE IS THE KEY. Hi Guys. We know you are stressed and anxious. Don’t be. The most important is to not PANIC. Recent price fall may be linked with the last hack ($40 million in tokens) of the Korean Exchange Coinrail. This is one of the smallest exchanges. They are ranked on 90th place based on trading volume. Most notably, the hackers got away with $19.5 million-worth of NPXS tokens that were issued by payment project Pundi X’s ICO. Added to that they scored a further $13.8 million from Aston X, an ICO project building a platform to decentralize documents, $5.8 million in tokens for Dent, a mobile data ICO, and over $1.1 million Tron, a much-hyped project originating from China. The whole amount is nothing (0,013%) according to the whole market cap ($300 billion). This was unpredictable although we may expect another hacks and rapid price falls in the future. Keep a bit of fiat currency or USDT for such sales. :) Please remember why BTC is and will be the king of all crypto. This is digital gold. 1. Gold does not oxidize thus it maintains its value. Bitcoin doesn't deteriorate either. They both don't lose their value because of their (physical) state. 2. Both gold and BTC are widely used. Gold - reserves and jewellery. BTC - reserves (long-term capital investment); to buy 95% of other crypto you need to buy BTC first. There is a constant demand on both. 3. Their amount is small and strictly limited. Please look at the long-term chart. This is log scale. We have a very strong support at $6100 level. We identified triangle shape. We should bounce up from this triangle breaking resistance at $7300 - $9000 level. Please look at the green rectangle. This is boy zone. According to the Trend-Based Fibonacci Extension we are very low. Nearly at the bottom. They only major move is UP. BE PATIENT. PATIENCE IS THE KEY. Keep watching us for updates. If you like what we are doing do not forget to like it. Your comments are highly appreciated. HUGE HUGS. Your WBM Team!
BITFINEX:BTCUSD
by WBM_Team
2