Since the inception of crypto itself, there has never been more bullish news about this particular market within a month like in September 2018. The signs of a bull market are everywhere and we can sense the smell of starting rockets – but why, oh why, doesn’t reflect all this news to the price? We are getting hammered by optimistic news all around – now the price has to follow. Due to our analyst Ricco the markets are more than ripe for a fat reversal, see the video above. See what has happened this month alone, and this is only an extract of the most important things that have happened, accompanied by even more smaller headlines:
In the first issue of our new Series “Signals Thursday” we will publish an interview with the guys behind Telegram signal groups each, well yeah, Thursday. We had no clue that the first one would become that exciting! Cryptomedics – one of our favorite channels – provide a holistic roundup of fundamental & technical analysis, along with Bitmex and Altcoin signals and several bots. We met two heads of Cryptomedics for a small talk and this became a pretty interesting chit-chat. We learned much about how they find their 10x – 100x low cap gems (they shared their Gem “Holo” with you in this guest post long ago) and other interesting facts, you should be eager to know more about… Let’s welcome Jonny & Damian in our #1 issue of Signals Thursday.
Bitcoin broke through key resistance points in the 7700-7800 levels today without retracing beforehand. Major institutional investors/Hedge funds will see this as a major turning point for BTC and scatter the field and any future pullbacks with a multitude of buy orders. Majority of them should reside in the low 7k range to mid-upper 6000 range. Watch for indications of future upside BTC movement with increases in bitcoin prices vs ALT coins, as well look for upside spikes to be more prevalent in price behavior in the coming weeks/months. The majority of ALGOs/Technical methods many of these funds/institutional investors use will have triggered and upside volume coming in on the buy side should be very pronounced. Liquidity does reside around 7800 short term, though being it breached can allow the interest of the larger fund buyers to overwhelm the sellers in a grand fashion, thus crushing all resistance and exacerbating the upside movement.
Our friends from CryptoMedics send us this Market Update to share with you. We found it useful and thought you might enjoy! We have mentioned it many times-this markets are heavily influenced by manipulation. Now, the US is even investigating bitcoin price manipulation. Will that change anything? No, we don’t think so. If you want to understand manipulation, please go back to our APRILS NEWSLETTER– we have given you an easy explanation.So, what is going to happen to BTC? Bitcoin is not following any rules when it comes to TA at the moment which indicates manipulation. When it comes to trading we have two major players:
Our latest chili-hot addition to our popular post about Crypto Signals has been CryptoMedics, which we discovered and accompanied in their closed beta. We have been able to observe the process they were going through and have been hopefully helpful testees. Today, they rebranded their magazine, which is usually exclusive distributed to their Premium members. We are allowed to share this great mag with you and it has a very nice gem inside, which we definitely fill our bags with and hold for some time. Very valuable content, if one makes use of it. Beam me up, Scotty!
We are fans of HALO, along with being early investors in this project ourselves, as we really believe in the vision of it. While delays with development progress became a bit out of hand, it might be one of the many cases in Crypto where patience pays. We saw early investors sell the HALO coins at laughable prices OTC, though we think they might be very sad to see the price of it in a few weeks/months. The Main Net shall launch on the 21st of this month and the UX already looks very polished. The past has shown that these dates can be somewhat “flexible” with HALO, but we think this was for the good. Major cleanup work had been done and there is nothing wrong with the aspiration to start through with a fully working product. You can download the Featherlight client for your OS here and get yourself a first impression with the quality of the UX provided: https://www.haloplatform.tech/downloads.html
Biggest blockchain and cryptocurrency event When: May 14- May 16 Where: New York Hosts: New York Economic Development Corporation + Coindesk ____Retroperspective To understand the massive relevance of the Consensus event you have to take a look what impact this event had in the past. After the Consensus in 2017 the whole crypto market saw a massive gain of 26% of the total market cap! Here a few examples:
In order to provide our readers regular crypto news, we partnered up with our friend from Verified Crypto News. They allowed us to share their daily news digest from their Gold Members Channels. Stay ahead of things in Crypto!
Bitcoin and other cryptocurrencies are under threat with several countries moving to ban local and foreign trading of digital money as well as its use in transactions. These seven nations show no signs of letting up when it comes to their implementation of cryptocurrencies as illegal.
Bittrex, a former top exchange that lost many of its traders to more modern platforms like Binance, is finally progressing and just released an open Beta platform. The more simple UI and the current state can be seen on https://beta.bittrex.com/