Topic: BITCOIN NEWS AND UPDATE (Read 338 times)
BTC is gradually rising higher and moving towards the top of the consolidation band. this is not normal. Hope everything will be okay sooner. Both $ 6,800 and $ 7,000 look like targets depending on the time frame. The subsequent refusal and analysis below may provide a good short-term opportunity to regain $ 6,200 or possibly lower as this is the current direction of the general trend. On the world's largest trading floor is the dream of any currency to grow strong and strong. Previously, we wrote an article about Expanse founder, Christopher Franko, who claimed that Binance required 400 BTCs ($ 2,600,000) if he wanted to list his altcoin. In fact, wanting to be listed on Binance is a difficult and expensive process, although the "fee is not really important factor"
I thought this is an updated news i was goin to celebrate cause this is a good news and will surely be a new fuel for a bullish run but this post was posted in august. I think there was a surge in august but didn't even go further and reach 8000. After that we've been in this stagnant situation and whales manipulating the price.
Very pleased with the positive news about the cryptocurrency and its use, it is promising and safe.I'm glad the ice's broken.Advanced countries will set an example to others.
$ 6,000 This price is fixed over the past six months but I expect from my point of view that the price will rise to reach the end of this year to unprecedented prices
Bitcoin has indeed developed rapidly, many of these have explored and studied the world of crypto. Many countries also have allowed bitcoin as a digital transaction and have many functions. Many companies and stores also use bitcoin as a payment instrument. Exceptional renewal for developing countries.
The update about bitcoin was bitcoin is more popular day by day every countries/ world wide and many people caught the interest to use and learn bitcoin because they found out that bitcoin will change their life and had great future however the price of bitcoin not show interest to move up that's why several people worried and afraid. We hope as soon as possible the price of bitcoin become good condition and the price have a greater degree to the whales.
There is so much apprehension since this year 2018. So many people want to come into the cryptocurrency market but are afraid of the volatile nature of the market. Such news is good to calm the nerves of panicky investors.
How much time has passed since the collapse, and bitcoin can not all get stability and inexorably aspire to go down. what's the problem?
💥ETF Rejection💥
The Proshares ETF application was denied by the SEC.
The application required a rule change to be accepted by the SEC. When handing down their decision the SEC explained that the rules could not be changed and that the decision in no way means the SEC does not believe in the viability of blockchain technology.
The Proshares application included a long and a short $BTC product tied to $BTC futures contracts. It came as no surprise that the application was rejected as the Proshares products were tied to a highly volatile and leveraged 9 month old asset class.
It should also be noted that this product is not physically backed by $BTC.
This may play well into the hands of the Vaneck-SolidX application which is due to be decided in one months time.
The SEC is tasked with protecting retail investors. The Vaneck-SolidX ETF product has a unit size of 25 $BTC with a target audience of institutional investors.
In comparison to the failed attempts of previous ETF applications, the Vaneck-SolidX application appears far superior.
The proverbial red herring rejection today will undoubtedly send the market into a downward spiral, a great shorting opportunity.
The Proshares ETF application was denied by the SEC.
The application required a rule change to be accepted by the SEC. When handing down their decision the SEC explained that the rules could not be changed and that the decision in no way means the SEC does not believe in the viability of blockchain technology.
The Proshares application included a long and a short $BTC product tied to $BTC futures contracts. It came as no surprise that the application was rejected as the Proshares products were tied to a highly volatile and leveraged 9 month old asset class.
It should also be noted that this product is not physically backed by $BTC.
This may play well into the hands of the Vaneck-SolidX application which is due to be decided in one months time.
The SEC is tasked with protecting retail investors. The Vaneck-SolidX ETF product has a unit size of 25 $BTC with a target audience of institutional investors.
In comparison to the failed attempts of previous ETF applications, the Vaneck-SolidX application appears far superior.
The proverbial red herring rejection today will undoubtedly send the market into a downward spiral, a great shorting opportunity.
To see the future of Bitcoin, we have to bypass this ETF process. The market is very important to the ETF, and without it, talk is empty.
Interesting how much we can take before we will die, because it is already around 4 or 5 months when we are in the bear cycle, and we're still not heading home to get out of it;
Am exhausted about this news and outcome. The more anyone tries to suppress this community, it comes back the better. This is going to certainly have a major positive impact in the market. Win win game for this space.
Truth is the trend downwards, generally this year, but this is the result of very manipulative acts and writings of the mainstream media, but this is all temporary, and all the good news and suggestions will work in a positive sense in the near future!
there is currently no news about BITCOIN AND UPDATING, because everyone wants to receive notifications about bitcoin, for almost 4 months bitcoin prices have declined unclear, I'm waiting for news and notifications from bitcoin.
I think cryptocurrency is popular due to the price increase since 2017 yesterday which makes bitcoin prices soared to the moon, which makes a lot of people want to know about bitcoin currency, and nowadays there are many people who can access the internet that makes the eyes trading using crypto that grows the trend.
The market for electronic money in this morning is recovering with an average increase of over 5%. The price of bitcoin in the past 24 hours has increased significantly compared to yesterday, after fluctuating for many hours, bitcoin price suddenly surged above $ 6,800 early in the morning today.
Today's bitcoin prices hit $ 7,719 at 10:30 am, up 6% from the previous 24 hours.
Earlier today BTC dropped roughly 3.7%, falling from around $6,450 down into the $6,200 region. Price wicked the lower end of the support and consolidation zone and was propelled back higher in what is becoming the same old song and dance.
lowest price TODAY was $6405. in fact by the time you made your post here price has risen to $6906 and came down a little to $6750 then you made this post! maybe you are copy pasting this comment from somewhere that posted it before but you need to look at the charts before posting things here 
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Currently we are in a no trade zone but should price continue to climb higher to $6,580 or above, we will consider looking at placing some sell orders and ride it back down.
again you should check the charts before posting. price already broke above that and reached $6906! selling at $6580 meant losing a big amount of money since after the rise price is still at $6669Quote
We are NOT shorting just yet, but rather looking for some kind of bearish rejection candle on 4h to confirm our theory.
the only time that shorting bitcoin may be a good idea is if a big bad news happens like an exchange hack, and possibly even the ETF rejection. other than that, at this point shorting bitcoin is dumb.
Something to Dig into.
BTC Update
Earlier today BTC dropped roughly 3.7%, falling from around $6,450 down into the $6,200 region. Price wicked the lower end of the support and consolidation zone and was propelled back higher in what is becoming the same old song and dance.
Since the 9th of August, price has consolidated and launched out of this $6,200 zone at least three times. It is apparent that the bulls do not want price to go below this point but we have so far failed to garner the momentum to push above the resistance at $6,600.
Somethings got to give
This sideways action isn’t riveting by any stretch but the recent and uncharacteristic predictability of BTC price behaviour is presenting some opportunities to capitalise on price movement within the range.
Currently we are in a no trade zone but should price continue to climb higher to $6,580 or above, we will consider looking at placing some sell orders and ride it back down.
🚨The short squeeze🚨
It looks like the short squeeze has happened after all and is pretty much at our target area for shorts right now.
We are NOT shorting just yet, but rather looking for some kind of bearish rejection candle on 4h to confirm our theory.
BTC Update
Earlier today BTC dropped roughly 3.7%, falling from around $6,450 down into the $6,200 region. Price wicked the lower end of the support and consolidation zone and was propelled back higher in what is becoming the same old song and dance.
Since the 9th of August, price has consolidated and launched out of this $6,200 zone at least three times. It is apparent that the bulls do not want price to go below this point but we have so far failed to garner the momentum to push above the resistance at $6,600.
Somethings got to give
This sideways action isn’t riveting by any stretch but the recent and uncharacteristic predictability of BTC price behaviour is presenting some opportunities to capitalise on price movement within the range.
Currently we are in a no trade zone but should price continue to climb higher to $6,580 or above, we will consider looking at placing some sell orders and ride it back down.
🚨The short squeeze🚨
It looks like the short squeeze has happened after all and is pretty much at our target area for shorts right now.
We are NOT shorting just yet, but rather looking for some kind of bearish rejection candle on 4h to confirm our theory.
Bitcoins will not be integrated on Binance if they are released during this time. Being on the world's largest trading floor is the dream of any currency that wants to get serious and powerful development.
In the past, Binance has received criticism for charging exorbitant listing for the new tinken. We have previously written an article about Expanse founder, Christopher Franko, who has stated that Binance requires 400 BTCs ($ 2,600,000) if he wants to list his altcoin.
Later, Binance CEO Changpeng Zhao made it clear that his trading floor would not list the 'shitcoin'.
In fact, wanting to be listed on Binance is an arduous and costly process, although the fee "really is not important factor"
BTC climbing higher
BTC is slowly grinding higher and is making its way towards the top of the consolidation range. We’ve failed to break through $6,578 previously (and prior to this $6,537) so we will be looking to see if this slow crawl up can push through these points. Both $6,800 and $7,000 look like possible targets depending on the timeframe.
It is possible that BTC is in an ascending triangle - a breakout above could present an opportunity to go long to the levels mentioned above. A rejection and subsequent breakdown below could provide a good shorting opportunity to take back down to the $6,200 level or possibly lower as this is the prevailing direction of the overall trend.
BTC is slowly grinding higher and is making its way towards the top of the consolidation range. We’ve failed to break through $6,578 previously (and prior to this $6,537) so we will be looking to see if this slow crawl up can push through these points. Both $6,800 and $7,000 look like possible targets depending on the timeframe.
It is possible that BTC is in an ascending triangle - a breakout above could present an opportunity to go long to the levels mentioned above. A rejection and subsequent breakdown below could provide a good shorting opportunity to take back down to the $6,200 level or possibly lower as this is the prevailing direction of the overall trend.
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