BTC dominance should continue to grow over the next couple of months.

We (Modern Assets) will continue to fade spikes in alt prices through shorting alt/BTC crosses

Markets shouldn't be selling off on the ETF news overnight because we were told it would be pushed back to the end of September a few weeks ago.

I have a theory. The long term whales are selling to destroy the media price manipulation. I think the Bloomberg crypto team take personal positions then try and move the market in their favour through their tweets. Whales have caught on an are destroying their trades.

I use 4 main methods to successfully trade the cryptocurrency markets.

1. Arbitrage trading – I have developed proprietary software which allows me to be notified when any of the major players in the market are using tether to arbitrage between exchanges.  In general arbitrage trading will become riskier over the next 12 months as many smaller exchanges will die out providing mispriced markets on particular cryptocurrencies. These exchanges may never release any funds they receive if they are on their last legs.
2. Monitoring media price manipulation- Bloomberg crypto and CNBC are the major players in the finance industry and they consistently report positive of negative news in clumps which is designed to rapidly increase or decrease the price of cryptocurrency. Be aware that this practice can’t last to long as traders are catching on.

3. Major fundamentals- Currently we are awaiting word on a potential Bitcoin ETF although I don’t think this will eventuate until 2019. We are looking to take a large leveraged position long BTC when the first major institution confirms they have their crypto funds stored with Bakkt exchange. This will most likely happen at the end of the year.

4. Other proprietary trading software- I have created apps which monitors large cryptocurrency networks allowing me to track the volume of crypto sent to wallets, exchanges as well as notifying me to which algorithmic trading programs are currently active.

 Feel free to message me on the link below if you have any questions about the information above
https://t.me/DigitalAssetsMarketplace

Clinton Grassick
HEAD OF TRADING
Modern Assets
www.modernassets.com.au

Why Bakkt exchange is so important for cryptocurrency prices

Institutions aren’t willing to store client’s funds with the existing storage providers due to their lack of experience and expertise in financial infrastructure.

Intercontinental Exchange (I.C.E ) is a household name for institutions and regulated in the US. They have the expertise to build true and transparent exchange pricing feeds, restricting illegal trading activity. Many large institutions will only invest on platforms overseen by US regulators. Intercontinental exchange 2017 revenue 5.83 billion with 78.26 billion total assets.

ICE also owns and operates 6 central clearing houses and plan to launch physically delivered Bitcoin contracts along with physical warehousing in November 2018, subject to CFTC review and approval. Physical delivery of Bitcoins will create a natural demand for the coin raising the price and paving the way for major Crypto adoption. I had many clients who would only deal in physically delivered contracts when I worked as a corporate foreign exchange dealer due to the nature of the market place risks associated with cash settled contracts.

The current exchange environment is best described as a shady at best.  We have long held fears for the US based exchanges that provide the CME reference rate to remain licensed. These fears stem from a lack in integrity with orders places on their platforms. One only needs to look at https://cryptowatch.de/ (cryptocurrency exchange order book comparison website) to compare price movements and order sizes with executed trades to work out that most orders aren’t intended to be executed upon, therefore breaching exchange licensing requirements for their respective US state jurisdictions.

Feel free to message me on the link below if you have any questions about the information above
https://t.me/DigitalAssetsMarketplace

Clinton Grassick
HEAD OF TRADING
Modern Assets
www.modernassets.com.au

In the current market conditions I think the appropriate time frame for short term would be 5-9 months with a long term outlook from 9 months onward. Personally I would be very careful investing in any cryptocurrency outside the top 20 other than really good ICO projects.

Hi,

I wanted to create a thread to discuss the different methods trading firms are profiting from trading the cryptocurrency markets.

I use 4 main methods to successfully trade the cryptocurrency markets.

1. Arbitrage trading – I have developed proprietary software which allows me to be notified if any one of the major players in the market are using tether to arbitrage between exchanges.  In general arbitrage trading will become riskier over the next 12 months as many smaller exchanges will die out providing mispriced markets on particular cryptocurrencies. These exchanges may never release any funds they receive if they are on their last legs.

2. Monitoring media price manipulation- Bloomberg crypto and CNBC are the major players in the finance industry and they consistently report positive or negative news in clumps which is designed to rapidly increase or decrease the price of cryptocurrency. Be aware that this practice can’t last to long as traders are catching on.

3. Major fundamentals- Currently we are awaiting word on a potential Bitcoin ETF although I don’t think this will eventuate until 2019. We are looking to take a large leveraged position long BTC when the first major institution confirms they have their crypto funds stored with Bakkt exchange. This will most likely happen at the end of the year.

4. Other proprietary trading software- I have created apps which monitor large cryptocurrency networks allowing me to track the volume of crypto sent to wallets, exchanges and OTC delaer activity along with notifying me to which algorithmic trading programs are currently active.

Feel free to message me on the link below if you have any questions about the information above
https://t.me/DigitalAssetsMarketplace

Clinton Grassick
HEAD OF TRADING
Modern Assets
www.modernassets.com.au