09.04.21 BTC Binaryx



Hello everyone, from several previous ideas, we have determined a flat for BTC. So far, the trend continues. We passed all points except the second. Judging by the fact that we have just broken the 200 SMA resistance on the 1 hour candles, the priority of longs prevails.
For trading, you can use the same range, but for now it is better to just hold BTC so as not to accidentally miss a possible breakdown of 60,000 USD.

07.04.21 BTC Binaryx



Hello everyone, we continue to move sideways. It looks like we are forming a future support zone at 60,000. There are no big sell volumes now, and we are also supported by an upward 200 SMA for 4h. We continue to observe, so far, there is no clearly pronounced trend in BTC. Investors can continue to hold, traders need to use the 56,000 - 60,000 range to make trades.

06.04.21 BTC Binaryx



Today we will consider 4 hours in order to take a broader look at the picture of the asset's movement.
Once again, we have come to the 60,000 zones and cannot break through it. On the one hand, we have a consolidation, on the other, we get a narrowing triangle. We see horizontal movement and a working range of 56,000 -60,000.
From the previous idea, we worked out the second part of the forecast - sideways movement. They did not reach the 5th point (the end of the 5th wave), they failed to break through 60,000.
We are observing, so far, neutral. There is no pronounced focus.

02.04.21 BTC Binaryx



Hello everyone! On the one candle timeframe, we see a clearly pronounced price growth channel. There is no particular overbought, plus we have already passed the retracement level. We will continue to grow today. Since today is Friday and there is no special activity at the weekend, we can switch to flat.
The approximate price movement is shown, as always, in 5 waves. Levels. support and resistance are shown with green diagonal lines.

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31.03.21 BTC Binaryx



Hello everyone. We worked out our 5 waves and stopped in the zone of the resistance line around 60,000 USD
We can test the support at 56,000 again and if we hold out, then we will break through the 60,000 - 62,000 zone. This is a strong resistance zone, breaking through which we will go to 68,000. So far, long
If we do not hold 56,000, we will revise the schedule. Since there BTC will be under 200 MA

29.03.21 BTC Binaryx



Hello everyone. Now we are considering the hourly chart. We have broken through the descending resistance line (marked in red) and will fix above it. There is no point in opening a short position, since we are in a growing channel at 4 time candle and on the current chart.
Local corrections are possible, which are indicated by 5 waves. Day trading in the 55 zone - 60,000 USD.

26.03.21 BTC Binaryx



Hello everyone! We reached the 4th point, a little not as expected, but we reached it. We don't think we will be able to reach the current 5 on this pullback. Most likely, we will again go down to the level of 52,000, but this is still a short-term forecast. We will talk about growth after breaking through 54,000. Now there will be either a set of positions for the next impulse, or we will flat. Long should be taken after breaking the downward diagonal resistance line. For now, it is better to be out of the market or be limited to a trading range of 51-55,000.

22.03.21 BTC Binaryx



Today we will look at the 4 hour timeframe. In this time frame, we are still in a growing channel. Another post by Musk warmed up the market and we got a rebound after the correction. To continue to grow and break through the level of 60,000, we need to gain a foothold above 57,000 USD.
On a shorter time frame (1-2 hours), we are below 100 SMA, which means that we will face a small local correction. Overall, it looks like BTC is slowing down and suggesting a flat, but we'll see that a little later. For now, it is better to watch the market and the breakout of certain levels. Approximate movement is shown by 5 waves. While BTC is in an uncertain position, one can take a closer look at the growing altas.

The market capitalization of Bitcoin has exceeded the total volume of Visa and Mastercard. Inside Tesla there were “grandiose promotions” – Elon Musk received the title of “Technoking”, and the CFO became the “Master of Coins”. Investors have filed a petition to participate in the SEC lawsuit against Ripple, and the robot Sophia has created paintings in the form of NFT and is going to sell them at auction. Read more about the cryptocurrency market this week in our review.



Elon Musk became the “Technoking”, and the CFO of Tesla – the “Master of Coins”
Elon Musk “bullied” again. This time, the US Securities and Exchange Commission fell under the distribution (SEC). On March 15, Tesla filed a report with the SEC, in which new titles of management positions appear. Elon Musk now bears the official title of the “Technoking of Tesla “, and Zach Kirkhorn, the company’s chief financial officer, is “Master of coin”. There is a note in the document that the positions of Tesla’s CEO and CFO, respectively, also remain with Musk and Kirkhorn.

Elon Musk and the SEC have been looking askance at each other for several years in a row. Back in 2018, the SEC banned Musk from making public decisions that could mislead Tesla shareholders. Then Musk had the imprudence on Twitter to joke about his desire to make Tesla a private company and his readiness to buy back all shares from minority shareholders. As a result, Tesla’s securities soared 11%, investors who were short on the stock exchange lost millions of dollars, and Musk received a $ 20 million fine from the SEC for his antics.

According to some reports, Musk has now come to the attention of the SEC because of his “reverent attitude” towards Dogecoin and its influence on the price of the coin. As we know, Musk has the superpower to send DOGE “to the Moon” by tweeting a few words about the coin.

Bitcoin overtook Visa and Mastercard in market capitalization
Bitcoin can be congratulated on another achievement – the flagship cryptocurrency has “pushed” the leaders of the financial market in the market capitalization rating.

With an all-time high of $61,700, Bitcoin’s market cap skyrocketed to $1.12 trillion. The great value of this indicator can be properly felt in the context of comparison: the total capitalization of the world’s three largest banks JPMorgan Chase, Bank of America, and Industrial and Commercial Bank of China is $1.08 trillion.

Bitcoin also looks good against the background of payment giants Visa and Mastercard, whose combined capitalization reaches $871 billion. The dynamic of Bitcoin is impressive: the cryptocurrency was able to increase from zero to 1 trillion dollars on a market scale 3.6 times faster than Microsoft. Analysts estimate that Bitcoin must trade at $590,000 to bypass Gold in terms of market capitalization.

Despite the price pullback to $56,000, Bitcoin continues to hold onto its long-awaited trophy – a capitalization of $1 trillion. Analyst Willie Woo is convinced that Bitcoin will no longer fall below its predetermined level, as investors show consistently high interest in buying cryptocurrencies, even at the highs.

The Court rejects the petition for the participation of investors in the Ripple case
The relationship between Ripple Labs and the SEC continues to heat up. While both sides bombarded each other with accusations of injustice, the deliberate substitution of facts, a third person involved in the case appeared in the arena. These are the investors who have been hit by the SEC’s lawsuit against Ripple.

Deaton Law Firm founder John Deaton has filed a petition on behalf of 6,000 XRP token holders to participate in the Ripple lawsuit. Against the backdrop of the Ripple scandal, XRP retail investors were virtually “left with nothing”– according to the lawyer, they suffered losses of $15 billion.
After the SEC announced a lawsuit against Ripple, the token price fell by more than 60% from $0.58 to $0.21 in December 2020, some major exchanges delisted the coin. Soon, MoneyGram and Grayscale, and other major market players also distanced themselves from Ripple.

The District Court dismissed the motion based on “no compelling reasons” for participating in the trial. But the court left the opportunity to re-petition for the participation of investors as a third party in this litigation. According to independent experts, the outcome of the “Ripple case” is still far from the final. Preliminary, the court proceedings may drag on until the end of June 2021.

Tesla has already earned more than $700 million on Bitcoin
Tesla bought Bitcoin just over a month ago for $1.5 billion. It’s time to summarize how much the corporation was able to earn on the purchase of the flagship cryptocurrency.

Notably, Tesla did not indicate the size of the BTC purchase in the SEC report. Given that Bitcoin traded in the region of $29,000 to $37,000 in January, Tesla’s $1.5 billion spendings could mean that the company has at least 40,000 BTC on its balance sheet. It is hypothetically, of course.

The Bitcoin rally played into Tesla’s hands perfectly: at the current rate, 40,000 BTC is now worth about $2.2 billion. Thus, the corporation received about 700 million in profit in more than a month of holding Bitcoin, or $19 million daily.

Tesla has already earned more from investing in Bitcoin than selling electric cars. According to data for 2020, Tesla sells an average of about 1,368 vehicles per day, making a profit of $1.98 million. To achieve the same profit from car sales as from holding Bitcoin, the corporation needs to increase its daily sales by more than 860%. Well, Tesla can be congratulated on a successful purchase.


Will US wealth tax become another crypto driver?
The tax on the super-rich is a hot topic for the United States (and not only). Once again, this bill was submitted to the Senate. A Democratic group led by Elizabeth Warren has proposed a 2% annual tax on the net worth of any household of $50 000 to $1 billion and a 3% tax for those business owners with more than $1 billion in profits.

Will this tax push millionaires to accept Bitcoin? The opinions of financial market participants were divided on this issue. In particular, billionaire Leon Kuperman believes that the wealth tax encourages business owners to look for assets that will be “less visible to the government than assets held in bank and brokerage accounts. “

Some experts agree that the tax on the super-rich is not correctly considered as a determining factor in the acceptance of digital assets by billionaires.
However, taxing excess wealth can have an indirect effect on the rise of interest in cryptocurrency. Hypothetically, the tax could induce billionaires to invest in cryptocurrencies and crypto derivatives to offset stagnating returns from more traditional assets.

Robot Sofia will auction her artworks as NFT
The excitement around NFT is rapidly gaining momentum. Sophia, a humanoid robot with artificial intelligence, has joined the new digital mainstream.

An auction will take place on March 23rd, which will display digital paintings in the form of Sophia’s NFT robot To create her artworks, Sofia was “inspired” by the works of the famous digital artist Andrea Bonaceto. What was the creative process like? The developers uploaded Bonacheto’s paintings to Sofia’s neural networks. Using her “life experience”, the robot interpreted them into her own paintings.

The artist Bonaceto himself praised the creative abilities of the robot. He is convinced that this collaboration can become a powerful impetus for a new stage in the development of art.
Considering that crypto artist Beeple sold NFT for $69.3 million last week, Sofia’s paintings have the potential to be a big hit. In addition to artists, show business quickly took up the mainstream NFT. Tokenized album? Why not? – thought the musicians from Kings of Leon and sold the album in March for $1.45 million.

22.03.21 BTC Binaryx



The triangle continues to narrow and an exit will occur soon. According to technical analysis, we continue to move in an uptrend, therefore, trades from Long remain the priority. If you want to consider some more coins, write in the comments and we will consider.

18.03.21 BTC Binaryx



We are already very close to the upper resistance at 60,000. The triangle is narrowing and a breakdown should take place soon. Long positions are now in priority. Possible fluctuations are indicated by waves. If we break through the support or resistance levels, redraw it.
Happy trades everyone!

15.03.21 BTC Binaryx



The previous idea was worked out a day later BTC corrected and it is now held by the average SMA for 1 hour. If we talk about a long position, then it will be necessary to sell up to 59,000 USD. Globally, we are still in a growing channel. Shorts are dangerous. This price movement can be considered a local correction; sagging alts will also be good to pick up in order to sell with a 10% -15% profit.
Investors can hold positions further.

12.03.21 BTC Binaryx



BTC is in no hurry with explicit adjustments. From the previous idea, we determined the resistance in the zone of 56-58,000 USD
Now it can be clearly seen on the graph. The zone of resistance is indicated by a horizontal line and a point X
At 4h we form a triangle, which with 80% probability will be broken and we will fix above the specified line. So far, Long positions are priority. we will look further. If the diagonal support line is broken, we will redraw the possible movement.

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This week has been eventful. The long-awaited launch of Aavetgotches took place, Bitfarms signed a contract for the purchase of 48,000 mining rigs, and a “cryptocurrency” section appeared on the Google Finance platform. Elon Musk is again teasing the crypto community with tweets about DOGE and the possible “landing” of a coin on the moon with the SpaceX Starship team.  Read about these and other events in our weekly review.




Welcome, Aavegotchis!
For gamers and crypto enthusiasts, the long-awaited “X-Day” has arrived with the launch of Aavegotchis, a DeFi-enabled NFT crypto collectible on  March, 2nd. The Tamagotchi-inspired project (a popular portable toy from the early 2000s) is an experiment in tying digital collectibles to real value.

Aavegotchis are very sweet pixel ghosts, each one unique in its way. The value of a ghost is determined by a set of characteristics, such as appearance traits, equipment (for example, sword, glasses, Bob Marley’s shirt – and there is such a thing:), the number of tokens (aToken) that it collaterals.

To get Aavegotchi, you need to purchase a portal. But not everything is so simple: in each portal, there are 10 ghosts, of which the user can revive only one. On Tuesday, 10,000 portals were sold in less than 1 minute for 100 GHST. At the time of the sale, this token was trading for about $1.70. On this day, the site was have visited by more than 25 000 unique users. As a result, many NFT fans did not have time to buy their “ghost kit” and are now urging the development team to open the sale of additional portals.

Bitfarms goes to add 48,000 rigs to its mining park
Bitfarms, one of the largest Bitcoin mining companies, announced that it has signed a contract to buy 48,000 new mining rigs by 2022. As before, MicroBT will become the equipment supplier for Bitfarms.

Bitfarms’ decision to buy as many installs as possible was driven by several reasons. First, the company intends to significantly increase the overall hashing power (EH). Today Bitfarms has a capacity of 1 EH. Thanks to the purchase of equipment, by the end of 2021 the company plans to increase this figure to 3.0 EH, by the end of 2022 – to 8 EH.

The second reason is the global shortage of semi-conductor chips, which are an extremely important component in the production of mining rigs. Due to the growing demand, there is a shortage of these chips, which, in turn, has already provoked a serious rise in the price of mining equipment.

Dogecoin will go to the moon?
Elon Musk continues to tease the crypto community with new tweets about Dogecoin. He has hinted repeatedly that Dogecoin could be the first cryptocurrency to go to the moon… literally.

None of the 12 astronauts who reached the lunar surface had no money. Of course, why do you need money in space? But Elon Musk can break this “tradition” and still send his “favorite cryptocurrency” to the moon. So far, the CEO of SpaceX is doing it in the DOGE pump format. Over the past 30 days, the DOGE price has risen more than 60% to hit 0.0508 at the time of writing.

On March 4, millions of SpaceX fans were able to watch a flight test of the Starship SN10 prototype spacecraft. As always, the launch of the ship was enchanting. Starship SN10 successfully climbed 10 km. But the landing was not as soft as planned – after landing on the surface of the earth, the spacecraft exploded.

BlockFi clients receive over $35M in interest payments
Cryptocurrency loans are gaining momentum, and those who decided to join this game have already received good dividends. About it, said Zach Prince, CEO of crypto-lending company BlockFi.

In February, BlockFi customers received over $35 million in interest payments. According to Zach Prince, the interest payments consisted of 450 BTC, 5,000 ETH, and $6 million in stablecoins. According to the report, BlockFi’s annual percentage return on assets is 8.6%.

Earlier, the startup received a fairly serious amount of $30 million from investors. Significant crypto players such as Morgan Creek Digital, Winklevoss Capital, and Arrington XRP Capital have invested in the company. With this solid backing, BlockFi is considering going public within the next 2 years.

The company has a $1.5 billion cryptocurrency on its balance sheet. Zach Prince does not hide that BlockFi has ambitious plans for the future: back in December 2020, the company announced the start of cooperation with Visa to launch a credit card cryptocurrency on the market. The main feature of this card will be the ability to earn BTC for purchases, and not for airline miles or cash. It is assumed that cardholders will be able to receive a cashback of 1.5% of the purchase amount back in BTC.

Ethereum and DeFi are key drivers for the development of smart contract platforms

This week, a study was presented that once again confirmed the colossal role of DeFi and Ethereum in scaling smart contract platforms.

We have witnessed unprecedented growth in 2020 DeFi, the birth of countless new tokens, and a surge in profitable farming. Previously, for many members of the crypto community, DeFi was associated with a bubble, but multi-billion-dollar investments, the sustainability of projects made skeptics doubt their initial conclusions.

Google Finance added a section “crypto”
A new section has been added to the Google Finance financial market data platform – “cryptocurrency”. Previously, only 4 categories were represented here: USA, Asia, Europe, and “currencies”. The fifth section “cryptocurrency” fits perfectly into this series.

Users can now monitor the price of cryptocurrencies and compare data with stock and foreign exchange markets in real-time. So far, the “cryptocurrency” section contains information about only 4 assets: Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). But, as they say, the beginning has already been made.

Crypto enthusiasts were delighted with this news. Given that Google used to be critical of cryptocurrency, this initiative once again confirmed the growing demand for digital assets as a financial instrument. You don’t need to look far for an example: in 2018, Google found itself at the center of a scandal due to blocking ads related to digital assets, crypto wallets, and exchanges.

Many Twitter users saw the initiative as a sign of Google’s interest in buying cryptocurrency. Of course, so far these are only bold assumptions, but, as experience with Tesla, MicroStrategy, Square shows, everything is possible.

09.03.21 BTC Binaryx




We have worked out the previous idea and now we have to form a new one!
BTC is set to continue to grow and we are now continuing to move in a growing channel. The waves and points that Bitcoin should affect are also drawn. We will see resistance at the previous extreme. For now, we adhere to trading from Long positions.

04.03.21 BTC Binaryx


Let's continue our idea on the one hour candle. We have come out of the wedge and are gradually starting to form a growing channel. Trading range in the coming days according to technical analysis 49 -53,000 USD
if we go beyond this amplitude, we will redraw the development scheme.

02.03.21 BTC Binaryx



From the previous idea, we missed one correction point. Hike to 46,000. While it’s a little early to say that we will go beyond the price level of 50,000, I am still inclined to believe that there should still be a slight correction and then consolidation. The situation can be corrected by another Mask's tweet and a hike with one candle higher than 50 000. But from the point of view of technical analysis, now the sideways movement and price fixing higher than 46 000 during the week are more suitable. After that, you can talk about longs. The position, so far, is neutral. It is advisable to observe the market.

26.02.21 BTC Binaryx



Today we will look at the 4h chart. BTC will soon be wedged between the hourly descending SMA and the 4h ascending SMA.
The correction of the last few days has been for medium SMA. Now you can take a short-term long with an exit of about 50,000. Stops should be around 43,000
We will be able to talk about the resumption of growth only after breaking down the directed red line. For those who want to trade, we focus, as usual, on 5 Elliott waves.