@Bitman007
Bitcoin's trading volume reached $2.1 trillion in H1 up 489% vs H1 2020 - Coinbase via Bloomberg
@Bitman007
Joined 16 August 2020 · 63 posts
Crypto Maker : Gamer : Trader : Investor : Learner
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@Bitman007
@Bitman007
Singapore's 🇸🇬 #Bitcoin adoption is now reaching near half of the entire population, with 90% of citizens having heard of it and 40% owning some. According to a new independent survey:
@Bitman007
100X leverage is rocket fuel mixed with vodka for traders. Most professional traders go nowhere near 100X. It is a product for retail traders and gamblers. That being said leverage is a useful tool, and reducing harm by reducing leverage is going to be a good thing.
@Bitman007
Regulators are hitting #crypto hard right now! Here's what is happening and what you need to know!
@Bitman007
$BCH Price $477.44 Change -6.62% #BitcoinCash is Under Performing the market. Context The market is currently Bearish 📉
@Bitman007
Approximately 54.1% of all #Bitcoin in circulation has not moved in more than a year.
@Bitman007
Amazon is looking to accept Bitcoin payments ‘by the end of the year’（Eth, ADA and BCH will be next ）, and is investigating its own token for 2022, says an insider to City AM.
@Bitman007
😱 43% of Singapore residents own #Bitcoin or crypto - IRCI survey.
@Bitman007
Almost $1 billion of short sellers were liquidated in the last 24 hours. Crazy.
@Bitman007
Looks like Bitcoin is getting ready to make a big weekly bounce. Maybe $100,000 could happen before the end of the year after all! What y0ur views ?
@Bitman007
“Life is too short to wake up in the morning with regret. So love the people who treat you right, and forget about the ones who don't.” 🙏Good Morning
@Bitman007
Amazon is looking to accept #Bitcoin payments ‘by the end of the year’, says an insider. “It begins with #Bitcoin – this is the key first stage of this crypto project, and the directive is coming from the very top…Jeff Bezos himself.”
@Bitman007
What’s the hottest #cryptocurrency in this space right now? Full comments below — state the utility.
@Bitman007
Good morning all friends..bitcoin back to $40k...great start of day
@Bitman007
Amazon To Integrate Bitcoin Payments And Launch Its Own Token By 2022, Insider Confirms
@Bitman007
#Inflation is a cancer that has been killing civilizations throughout history. #Bitcoin is the cure.
@Bitman007
Celsius just invested $54m in carbon-neutral #Bitcoin miner ‘Core Scientific’. 🌿🌳🌿 🙌
@Bitman007
Most Maxis have spent considerable time with Alts in the past and have decided that it‘s not worth it. It‘s two separate asset classes and should be treated as such.
@Bitman007
Many think that #Bitcoin-only people miss out on something huge by ignoring altcoins. The truth is: It‘s the other way around.
@Bitman007
Bitcoin to $ 72k Next Week ? If Bitcoin clears $35k today, we should got $72k next week. Simply judging by RSI and Bollinger bands, 43% of the time this plays out every time.
@Bitman007
Crypto Market : Bullish Time ? Crypto Market is Ready to fly : Technology has reached the point where people are now traveling to space just for fun and banks are still closed on weekends?
@Bitman007
A timeline of Elon Musk: A timeline of Elon Musk: - Buys $1.5 billion of bitcoin - Opens up bitcoin transactions for Tesla - Closes bitcoin transactions for Tesla - Starts attacking bitcoin on twitter
@Bitman007
Wild Beauty : Rare Blue Snake Sitting On A Rose https://youtu.be/HGb3eadflIc A rare bright blue snake sitting on a beautiful red rose on its uncommon beauty. The striking blue snake was known as the 'blue pit viper' and it is a very rare species. It is variety of the white-lipped island pit viper found in Indonesia and East Timor, the blue pit viper is not as innocent as it looks in the video, instead it's a very aggressive and venomous snake whose venom can cause severe internal and external bleeding.
@Bitman007
Crypto Update : Important Technical Analysis Be long in the face of adversity... Trading Crypto with Swing Trader Over the weekend, ETH was literally getting taken to the slaughterhouse, down almost $100 at one point. DeFi tokens also getting smoked (no surprise, what goes up must come down eventually). On the other hand, BTC was holding up relatively well, trading above the $10K level. With the current weakness, puts were the flavour of the week, resulting in implied volatility spiking; ETH > 100% and BTC close to 70% for 1-month. I'm actually thinking that it could be a great opportunity to start accumulating BTC or ETH at these levels. Check these out: BTC Sell 4-day 9.5K puts for 35% annualized Sell 4-day 9.75K puts for 70% annualized ETH Sell 4-day $280 puts for 20% annualized Sell 4-day $300 puts for 35% annualized In macro land, we got U.S. CPI report, ECB rate decision, Brexit, UK GDP and China trade data this week. Quite a busy week but all eyes will still be on the tech sector. Though US equities rebounded somewhat on Friday after the sharp tech-led sell off, global indices still finished in the red for the second day. Narratives vary regarding what triggered the sell off, and there's no clear catalyst but suspected culprits continue to come from the algo, option/gamma (Softbank loading up billions of calls) or profit-taking camps. For me, I look at the big picture, monetary policy continues to remain ultra accommodative as Fed beats on the QE4eva drums and it is likely to remain like this for years. In a TINA world and PE ratio for U.S. 10 year treasury hovering around 150x, equities trading at 25x trailing (from earnings) still seems like a bargain. This is why I am still going to be long crypto and tech stocks here. European equity indices are all in the green, S&P futures now turning flat on the day with Nasdaq gradually recovering. I am not sure about you, but when global sentiment feels like we may have bottomed, I think BTC is a buy here when it's down unjustifably by -1.5% on the day.
@Bitman007
Creativity with Technology
@Bitman007
Crypto Update : Important Bitcoin and Ethereum Analysis ****Bitcoin Technical Analysis**** : Bitcoin price declined over 15% in the past few days and it tested $10,000 against the US Dollar. BTC must stay above $10,000 to avoid more losses and a medium-term downtrend. Bitcoin is trading well below the main $10,800 and $10,500 support levels. The price even spiked below $10,000 and settled below the 100 simple moving average (4-hours). There is a steep bearish trend line forming with resistance near $10,250 The pair is likely to start a recovery wave above $10,250 or it could dive below $10,000. ****Ethereum Technical Analysis :**** Ethereum has severely underperformed BTC over recent days as bears have returned to the crypto market. The leading cryptocurrency has collapsed by 17% in the past 24 hours alone, falling below pivotal support levels. ETH trades at $325 far below the local highs around $490. $325, in fact, is 33% below the year-to-date highs. With Ethereum experiencing such a strong retracement, analysts have been trying to gauge what is next for the now beaten-and-bruised crypto market. Ethereum should bounce here or face a deeper correction to lower levels indicated by the pitchfork, like one at $280 and another at around $240.
@Bitman007
Crypto Update : Ethereum Technical Analysis $ETH OBV is surprisingly bullish. Was expecting it to looks worse but when looking at it with fresh eyes I almost want to say we see $500 again. Nice breakout and re-test. This isn't what a top usually looks like for OBV. Until this breaks up, I'm counting on lower In the 2012/3 and 2016/7 bull markets, bitcoin only once (2012) closed below the 20 week EMA. Price hit the 20 week EMA today and popped right back up. Bull market is intact and I think we rally through the end of the year. One possible way that eth obv can pump eth to 500 is if btc bottoms out at 9200 in 1 to 2 weeks.
@Bitman007
Bitcoin Trading Analysis : Important Updates As per Technical Analysis Bitcoin may soon extend Wednesday’s price pullback, there’s increased selling pressure in the market. While the top cryptocurrency by market value fell by 4% , it defended the long-held support zone of $11,100–$11,200. https://www.coindesk.com/price/ Exchange platforms witnessed an inflow of 92,000 BTC , the biggest-single day rise in 37 days. https://www.coindesk.com/price/bitcoin "Inflows surged as people rushed to sell at near $12,000. The selling pressure (arising from the exchange buildup of 92,000 BTC) has probably not been fully absorbed yet. That's because bitcoin's median trade intensity, which measures the number of times an inflowing coin is traded, remained low at 3.113, well below the 180-day average. Put simply, there were not enough buyers to match sellers. As such, coins that weren't liquidated yesterday could still be offloaded into the market in the short run, causing a more profound price decline. I think there is still sell pressure to work through, Bitcoin is currently trading near $11,300, representing a 0.7% decline on the day. A violation at immediate support at $11,170 would confirm a bearish reversal pattern on the technical charts.
@Bitman007
How Difi is beneficial for Crypto Investors ? DeFi is attractive because it breaks down big business models. Profit sharing, equity ownership & financial transactions which were inaccessible to 99.99% of the world, have just been opened up to all. But with power comes responsibility... tread carefully. It's the wild west. There are definitely similarities. Most of these tokens will probably go to zero. Key difference though: - 2017: was all whitepapers, no working products. - 2020: has actual working products, many of which are profitable & priced cheaply. Tokenisation has the potential to break down big business models... that doesn't mean we should or even that it's a good idea. As for DeFi, So Many see is games of Ponzi musical chairs 🤷♂️. What you understand about difi?
@Bitman007
Bitcoin and Ethereum : Important Update ****Bitcoin Analysis**** As per technical analysis $BTC High time frames on Bitcoin looks good . The weekly candle shows that buyers were interested in sub $11,550 And there isn't much holding Bitcoin between the current price and $13ks on high time frames I personally think it's time BTC makes way for $12k plus again . Monthly candle closes today, if it holds today or higher, then Sept good chance for 13-14k+ imo. ****Ethereum Analysis**** ETH gas fees are near all time highs and Uniswap is STILL doing more volume than all of Coinbase combined. It doesn't get any more obvious than this. ETH is King & DEX's are the future. Once ETH 2.0 rolls out, it's game over. The daily chart implies that the price may retreat towards the lower boundary of the current range at $370.00 before the upside is resumed. The RSI has reversed to the downside, while the price failed to retest the recent high, which means the upside momentum may be losing traction for now. The first support is created by $400.00 and the above mentioned $370.00 ( the lower line of the daily Bollinger Band), but the overall trend remains bullish as long as the price stays above daily SMA50 at $350.00.
