BTC trade ideas
Cryptocurrencies on FridayPrice of cryptocurrencies such as Bitcoin, Litecoin, and Ethereum changed multiple times during the last 24 hours. It is worth mentioning that Bitcoin’s price continues to decrease for several days in a row. There are several factors which affected the cryptocurrencies. Bitcoin’s price dropped as it was unable to hold the momentum when the price was $10,000. After Bitcoin lost support at $10,000, its rate further decreased to $9,650 on Thursday.
According to CoinDesk, Bitcoin’s price fell by 21% during the last seven days. It means that from August 8 to August 15 the price of the number one cryptocurrency decreased by more than 20%.
The trade war between the U.S. and China started over a year ago. However, as the conflict escalated this week, it created additional problems for Bitcoin. On Wednesday, stock market prices fell due to the ongoing trade war. It is worth mentioning that the S&P 500 lost 3%. At the same time, FTSE-100 in London also experienced problems as its shares fell by about 1.3%.
In this situation, the price of Bitcoin still managed to increase to $10,385. However, in several hours the price fell again to less $10,000. At the moment, the price per Bitcoin is $10,036.
Litecoin and EthereumCryptocurrency news
The price of other cryptocurrencies also decreased on Friday. Ethereum is the second biggest cryptocurrency in terms of market capitalization. The price of Ethereum declined and at the moment, the price per Ethereum is $184. On Thursday, the price declined to the lowest point of this month when the price of Ethereum reduced to $173.
The price of another of Litecoin fell on August 16. Right now, the price of Litecoin is $74.21.
Digital currencies such as Bitcoin, Ethereum, and others are famous around the world. Even though the price of the biggest cryptocurrency changed several times, there is a chance that Bitcoin’s price will increase in the upcoming days.
A new tax bill on crypto in the US – good or bad news?A new tax bill on cryptocurrency was introduced in the United States House of Representatives. The bill is aiming to allow the exclusion of gain or loss on similar exchanges of virtual currency. That means that BTC might be tax-exempt.
The name of the bill is the Virtual Value Tax Fix Act of 2019, originally introduced by Ted Budd. The bill has to introduce amendments to the Internal Revenue Code of 1986. According to that code, no gain or loss can be recognized on the exchange of real property. So if you swap one car for another, it is not recognized as productive use in a trade or business. So this new bill would treat cryptocurrency the same as real property.
If the tax bill gets accepted, it will preclude cryptos from double taxation under this code. Additionally, cryptocurrency would become a real deal in the world. Not that it is not a real deal currently, but now there would be an actual law somehow protecting it. This is a big step in the cryptocurrency world.
Bitcoin price and updates
Overall BTC is on the rise again after the major drop in July. As expected, August has been a more productive month for the famous cryptocurrency. We mainly see bullish signs, and though the market tried to go bearish at some point, the bulls won’t let it happen.
At the time of writing, the bitcoin price is at $11,931.30. There is hope that BTC will be able to pierce the $12,000 resistance by the end of the day. This will be great news as long as the price manages to stay above that resistance, turning it into support. With the current tax bill being introduced in the US, this should help with the popularity of all kinds of crypto. Still, as we have learned, BTC remains to be the favorite among all. So, if the bill gets accepted, the rise in demand is unavoidable.
Iranian crypto mining industryThe Iranian economy is struggling to deal with economic problems. U.S. sanctions hurt the local economy. One of the possible solutions for Iran was to authorize crypto mining. However, to start crypto mining, potential investors might receive permission from Iran’s Ministry of Industry, Mine, and Trade. Another condition is that crypto mining should take place outside of provincial centers. They even specified that miners have to establish such facilities at least 30 km from the provincial centers.
It does not mean that citizens can use cryptocurrencies to pay for the products. The Iranian government released a new law on August 4 regarding this issue. According to this law, the Iranian government is not going to recognize any domestic transactions which involve cryptocurrencies.
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[1W] BTC Logs on Logs, Nothing to Worry AboutUsing logscales on everything: Price log, MACD log, Matrix log, RSI log... I don't see any worry here.
Not Trade Advice, just peace of mind for meeeeeeeeeeeeeeeeee.
The TWO most important things about trading marketHi All,
Hope you enjoy this video. To get the copy of excel sheet, write to me at info@dowbits.com.au :) Happy trading
Interesting pattern in bitcoin total market cap chartLooking at the total market cap one can see a much higher amounts of volume in the recent months when compared to the bull run up to 20k. Why is this significant and what does it mean? Please comment below
My Theory is that for whatever reason there is a lot more buying and selling going on around these levels however I don't have an exact reason as to why the price hasn't reflected the massive rise in volume yet. What is a story being told here from within the volume? I am not proposing a bullish or bearish direction. I would just like to here theories about why this is happening. Thank you
Performance #XBTUSD #BTCUSD #BITCOINBTC koreksi cukup dalam dari Harga tertingginya sudah hampir turun $4000.
Kondisi chart btc juga sangat tidak bagus, weekly candle ditutup buruk, daily candle Lower Low, Lower High
Satu2nya yg masih positif adalah di USDT marketcap.
Umumnya saat btc drop USDT duluan drop, menandakan uang keluar crypto.
TP drop kali ini beda, BTC drop, USDT tidak turun.
Apakah peluang another pump ?
BTC Market capLooking at BTC market cap we can see that we have reached 200 Billion dollar level and it is exactly the level that we have top out on february 2018. but in price we have some way to go. it is really hard time for shorting bitcoin but i think may be we have topped out in we should see a big big correction or a new bottom below 3100 usd. be cautious.
Bitcoin BTC/USD price forecast timing analysis.BTC/USD investing strategies
Read more: www.pretiming.com
Investing position about Supply-Demand(S&D) strength: Strong buy as Rising section of high profit & low risk
Supply-Demand(S&D) strength linkage Trend Analysis: About to begin an adjustment trend as a upward trend gradually gives way to a slowdown in rises and falling fluctuations
Today's Supply-Demand(S&D) strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 3.3% (HIGH) ~ -0.7% (LOW), 1.1% (CLOSE)
%AVG in case of rising: 3.7% (HIGH) ~ -1.1% (LOW), 2.8% (CLOSE)
%AVG in case of falling: 1.6% (HIGH) ~ -3.0% (LOW), -1.1%(CLOSE)
Price Forecast Timing Criteria: price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
Bitcoin Market CapI think it will continue in the trend and as the pattern
huge movement on bitcoin in the next few hours
let's see...
Bitcoin reversal to DownsideIf we close todays candle as a reversal candle we can look for tagets towars 7500
BTC Marketcap Bull chartAfter big Retracement according to our analysis our next Target would be 167B.
and we will also updating time to time. #marketcap continue increasing so this is good sign for #Crypto Community.
BTC marketcap, dominance and ETF ?So,
We are all waiting on that crucial news :
1/ if ETF gets approved, we might see BTC cap and price fly, resulting in also in an increased dominance.
Potential number is approved, short term:
- BTC to 9500~
- Dominance up to 60+
- Marketcap ?
If that happens, alts will bleed a little more, before the most expected June bullrun we all hope for.
2/ if ETF is rejected then a little dump to 7300 support could occur.
3/ if ETF gets delayed, then I'd say no effect on the market (I bet that's what is going to happen)
Trade safe
