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bybit world series of trading kicks off on the 10th.
If youre not on bybit yet make sure to register for a shot at w00 btc prize pool
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The new ftx pro app is definitely amongst the best exchange apps. Check it out.
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Typically try to keep TA updates short and to the point, but thought I'd try sharing my weekly market analysis with readers. This is an exercise I do weekly to inform the strength of trend, my bias for spot, leveraged and short-term trades, as well as identify when that trend begins to shift. Nearly 5k words including charts from the weekly down to 2H for both Bitcoin and Ethereum can be found here: https://www.cryptoadvocate.net/post/btc-eth-market-analysis-15-05-20Definitely recommend the read, but high level takeaways is that Bitcoin is maintaining bullish trend across almost all timeframes but there is cause for concern given HTF market structure. Ethereum meanwhile is barely hanging on - close to flipping to bearish bias and lower time frames have already shifted that way.
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20 MA, on weeks ? I see yearly and 200 day average are underneath the price currently so BTC getting back above is some positive. We seem to have some closing of range possible or momentum of the 2 day average reflecting the recent rise but then weekly average at 8500 is a good marker for resistance possible there. Maybe a break either way but for the moment I think it is positive. If we lose these recent gains then possibly it turns more negative. Agreed, seems rangebound with weekly and monthly levels overhead acting as resistance, major ma's below as support
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9500 doesn't look like it will hold. Was bullish at time of post but global conditions and price action have changed that
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I've been curious about their leveraged BULL/BEAR tokens, which are similar to 3x ProShares UltraPro ETFs you find for commodities and stock indices. https://bitcointalk.org/index.php?topic=5226148.msg53847830#msg53847830Any idea about VPN policy? They don't allow US customers but Tier 1 verification (email/name/country) allows $2000 per day in withdrawals. That's good enough for me if I can squeak by behind a VPN. Dont see why it wouldn't work but obviously do so at your own risk
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Lately I've been trading more and more on FTX.com, mainly due to all the issues that Binance has been having. The options and types of contracts available on FTX are unique and can't be found anywhere else and it now ranks as the 5th highest volume exchange. Decided to do a full write up of the exchange and my trading experience there: https://www.cryptoadvocate.net/post/ftx-review
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Please don't spam this thread.
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Quite the correction to wrap up the week, the largest single day drop since the market started trending up strongly. However, the critical supports are still in place which means I remain bullish until the market proves otherwise. Full thoughts on what's next for BTC and the crypto market here: https://www.cryptoadvocate.net/post/btc-crypto-market-update-17-02-20
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Almost every alt has gained substantially against btc, which had gained substantially against the dollar.
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Bitcoin clearing $9,500 is a significant hurdle and marks a higher high on the weekly chart and in all likelihood, an end to the prior bear market. Alts are making big gains as well despite rises in BTC which suggest the market as a whole is ready to make moves. Full market thoughts including charts for BTC, LTC, ETH, BNB, BAT, ZIL, ALGO can be found here: https://www.cryptoadvocate.net/post/crypto-market-weekly-update-09-02-2020
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With the Bitcoin Weekly close in, it's clear the BTC Bulls are on parade and majors are flying left and right. However, the $9,600 weekly resistance still looms overhead, open interest is over $1B and market conditions are getting interesting worldwide. The safest bet is to wait for a close above or to long a pullback. Full BTC and crypto market thoughts here: https://www.cryptoadvocate.net/post/btc-weekly-monthly-update-02-02-2020
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Bitcoin regained the $8,500 weekly level and the 20 week moving average, both of which paint a strong bullish picture. However, there was a significant rejection from $9k and there's striking similarities with a bearish fractal; read my full analysis below for thoughts and likely scenarios. https://www.cryptoadvocate.net/post/bitcoin-weekly-update-01-19-2020
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