Expected trading for weekend is between 10700.00 support
and 12400.00 resistance
CME Futures settle bitcoin price below 11000.00 level.
But the price again in the fear zone / 10700.00 - 12400.00 range.
- Everyone saw the bitcoin futures have not made a big impact and the contracts have been far more bullish than one would expect. The reason why I wrote in my last post the trend is Neutral.
Bitcoin price now is around 11100.00 / the fear zone/ and still under negative pressure formed by EMA50.
The trend remain neutral as long as the price in the fear zone.
Breaking 10700.00 level and hold below it will move the price toward 9300.00 level.
Breaching 12400.00 level and hold above it, will push the price towards 12800.00 level.
A Japanese exchange has lost 58 billion yen in cryptocurrency because of hacking. According to Japanese media reports. The reason why I advice you to use bitcoin cold storage.
Cold storage refers to the process of storing bitcoins offline, but the private keys associated with this process may be online and /or exposed to the internet at some time during the generation of the signing process.
Deep cold storage, however, is a type of cold storage where not only are bitcoins stored offline, but also the system that holds the bitcoins were never online or connected to any kind of network.
The private keys associated with that system were generated in offline systems, and the signing process of the transactions is also made in offline systems.
The systems used in this type of storage never touch the Internet; they are created offline, they are stored offline, and they are offline when signing transactions.
Expected trading for weekend:
is between 10700.00 support and 12400.00 resistance.
Expected trend for weekend: Neutral.
Depends on;
- Breaching 12400.00 / Bullish.
- Breaking 10700.00 / Bearish.
Wish You A Great Weekend..
Its the best in that essence why because its offline and whatever is offline can't be hacked but so far how many persons has patronized cold storage,? Because definitely if we block chain investors cant get that statistical fact out,we wont want to trust it even when it's offline and secondly is there a transaction fee? Thirdly,if you want to trade bitcoin meaning you cant trade to an online storage as blockchain and paxful which i do use. And lastly,as for bitcoin fluctuation,it has a statistical record from 2015-2018 that as at this period it does face this kind if market Trauma but take a close look,bitcoin will bounce back in no time because nations has begin to accept crypto currencies as a legal tender and bitcoin,EThereum and ripple is sure a top priority. Thanks for sharing this information,i appreciate. 👌
nice comment, i agree with you "bitcoin will bounce back in no time because nations has begin to accept crypto"
Thanks for staying us updated regarding bitcoin, it is really helpful for me in day trading, keep posting nice bitcoin updates friend, Stay blessed
Happy weekend too sir... Thanks for taking your time to put this update together
Thanks for explaining cold storage!!!
good post
Awesome explanation. Thanks for your update.
Thank you for your post.
Thanks for sharing such a useful and informative post..
Gud..
Very nice
great post.
Are you familiar with any Altcoins? I've been into Unikoin Gold which has been doing quite well this last few days.
Nice post keep posting
People need to stop with the selling.
Thanks for the very fast information @lordoftruth.
For now Bitcoin price is in the fear zone but lets hope from next month it will be better
I agree with your analysis completely. CME futures contracts expiring today had very little impact on the price surprisingly. Hopefully we can see the price of BTC break out of the 10-11k consolidation that its been having for the past couple of days. If this happens, I think it will breakout towards 13-14k in the next couple of weeks, otherwise I still think we will stay in this area. Hopefully Robinhoods crypto trading news has a bullish effect on the price.
good one.
thanks
It can go up to $11k today.
Nice explanation.Thank you
-cheers-
We are going to the moon, CME Futures ain't no thang. lol
Educational post. That's geart.
Great to share
Thanks a lot for sharing and discuss
About Bitcoin.
I think this time bitcoin some things demotion .
But some time after increase bitcoin .shareing by@lordoftruth
@lordoftruth Thanks for the regular updates - very helpful. I added you to an daily analyst overview I am posting. Maybe you have seen it already? Please let me know any time if I get something wrong about stating your opinion.
good post, I like your post ..
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Happy weekend sir.i am confused because government of pak banned bitcoin.
This post has received a 4.87 % upvote from @booster thanks to: @lordoftruth.
great information.i apricate your blog.
thanks for sharing.
please keep on your activity...
useful post about bitcoin....
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Thank you for sharing this news my friend, I start my morning with reading news from you.
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pheww not too much effect of cme futures now all set for the bullish patterns
Very good analysis my friend. I wish you a happy weekend and more success.
Buen post Bitcoin al alza que se recupere pronto.
Your work is very useful to all of us, although I have not really understood but my support is always for you, even if it has no effect.