Archiv für den Monat: November 2020

Bitcoin når nytt 2020 högt till $ 16,7 000 – Handlare förväntar sig större breakout

Bitcoin-priset nådde en ny 2020-topp på 16 765 dollar, och handlare förväntar sig att ett mycket större rally kommer att ske på kort sikt.

Priset på Bitcoin (BTC) nådde en ny årlig höjd på $ 16717 på Binance. Efter utbrottet förväntar sig handlare att ett större rally kommer att ske på kort sikt.

Det finns flera skäl till varför analytiker förväntar sig en långvarig uppåtgående trend. För det första bröt Bitcoin Revolution rent ut från $ 16 000 och tog ut $ 16 473-toppen som uppnåddes den 13 november. För det andra är det en „säljsidekris“ som bryggs eftersom mer BTC ackumuleras än bryts. För det tredje gick BTC upp trots indikatorer som visar överköpta signaler.

Toppanalytiker hade fel när det gäller en Bitcoin-korrigering

Tidigare idag sa John Bollinger, en veteranhandlare och skaparen av Bollinger Bands-indikatorn, att han hade fel när det gäller en Bitcoin-korrigering.

Den 10 november sa Bollinger att Bitcoin visar ett „kortvarigt toppmönster.“ Vid den tiden var Bollinger osäker på om detta skulle leda till en korrigering eller konsolidering, men han sa att han förväntade sig att marknaden skulle svalna.

Ett antal analytiker förväntade sig att Bitcoin skulle sjunka, särskilt när det närmar sig veckoljuset. Ändå samlades BTC kontinuerligt och såg ökad fart. Bolinger sa:

”Det verkar som om jag hade fel när det gäller chansen för en korrigering, allt vi fick var lite konsolidering och sedan tillbaka till tävlingarna. $ btcusd Trasiga inställningar som detta är tecken på styrka så för närvarande är vägen för minst motstånd högre. #BTC ”

Derivathandlare har också pekat på den minskande Bitcoin-utbudet som leder till en kris på försäljningssidan. Denna trend kan orsaka att BTC rally även när den testar stora supportnivåer.

En pseudonym futures- och optionshandlare känd som „Light“ sa att cirka 3 000 BTC har dragits ut dagligen sedan BTC slog 10 000 dollar. Denna trend visar att efterfrågan på Bitcoin är hög och gruvarbetare vägrar att sälja BTC, vilket är optimistiskt för BTC. Handlaren sa:

”Nu till $ 16 600 från $ 11 000. Sedan pausen på $ 10.000 har ~ 3000 BTC tagits ut netto DAGLIGT från de viktigaste BTC-centralbörserna … Gruvearbetare vägrar att sälja sina nyligen halverade belöningar inför efterfrågan och ligger bekvämt över break-even. ”

BTC-priset reagerar positivt på dagens vaccingenombrott

Den 12 november, när Pfizer tillkännagav ett mycket effektivt vaccin mot coronavirus, kraschade priset på Bitcoin med nästan 3% på några timmar.

Den här gången, efter lanseringen av Modernas efterlängtade vaccinresultat, har Bitcoin faktiskt ökat med nästan 5%. Under samma period har guld kämpat och fått bara 0,17%.

Men näringsidkare säger att om Bitcoin sjunker som den gjorde den 12 november, skulle det utgöra en „dip-köp“ möjlighet. En populär kryptohandlare känd som „Hsaka“ sa:

”Förra gången vi hade vaccinnyheter $ BTC följde stonks på den första uppgången, men slutligen gav efter för guld sipprar ner. Prolly ett dopp värt att köpa om historien upprepas och möjligheten ger sig. ”

Kombinationen av teknisk momentum, en kris på försäljningssidan och rallyens momentum gör att BTC förblir stabilt över $ 16.000. Med tanke på att BTC inte har sjunkit snabbt efter sin uppgång, finns det ett starkt argument att $ 16 000 blir ett tillförlitligt supportområde.

Bitcoin acaba de tener su mayor caída de dificultades en la minería desde 2011

La acción de los precios de la BTC se mantiene relativamente estable ya que la red se encarga automáticamente de las tarifas más altas y de los tiempos de bloqueo más lentos.

Bitcoin (BTC) vio su mayor ajuste de dificultad negativa en casi 10 años el 3 de noviembre, ya que la red se cuida a sí misma de forma impecable.

Los datos del recurso de monitorización BTC.com muestran que la dificultad de Bitcoin Pro se reajustó automáticamente en un 16% el martes.

La dificultad se elimina en su mayor parte en nueve años

Las estimaciones habían sugerido anteriormente que el ajuste sería de alrededor del 13%, pero era el segundo más alto en la historia de Bitcoin. Sólo en 2011 hubo una diferencia mayor, el 18%, que también se produjo a finales de octubre.

Los ajustes de dificultad ocurren automáticamente cada 2016 bloques, y permiten a Bitcoin permanecer como dinero „duro“ independientemente de cualquier factor externo que afecte a los mineros.

Tal reducción incentiva a más participantes mineros a competir por las recompensas de los subsidios de los bloques, con el resultado de que la dificultad empieza a aumentar de nuevo.

Sin embargo, en el momento de la publicación de este informe, las estimaciones sitúan el próximo ajuste en otro -16%, lo que indica que el efecto del evento del martes aún no se había sentido.

Para los usuarios, el ajuste a la baja reducirá las tarifas y disminuirá los tiempos de bloque, junto con la reducción del tamaño de las transacciones no minadas en el mempool de Bitcoin. De acuerdo con las estimaciones de Earn.com, la tasa óptima de transacciones de Bitcoin sigue siendo alta, de 80.000 satosis (11 dólares).

El precio de la BTC no se ve afectado

Los comentaristas se mostraron un poco desconcertados, en cambio alabaron el diseño de Satoshi Nakamoto para proteger la integridad de la red y los fondos.

„No hay aspecto más bello de #Bitcoin que el ajuste de la dificultad. Sólo un magnífico diseño del mecanismo“, resumió Travis Kling, fundador del gestor de activos Ikigai.

Mientras tanto, la tasa de hash de la red de Bitcoin parecía estar dando un giro de 180 grados en su propio descenso el martes, con valores medios semanales estimados que empezaban a tender hacia arriba.

La tasa de hash proporciona una visión de cuánta potencia de cálculo se está dedicando a la validación de transacciones de Bitcoin. Hace semanas, la métrica estaba en un máximo histórico, pero perdió alrededor del 25% en la segunda mitad de octubre.

En el momento de la publicación, se notó poco impacto en el rendimiento de los precios de Bitcoin, con 13.000 a 13.300 dólares restantes como soporte y BTC/USD rondando los 13.500 dólares.

„King of Bonds“ Jeffrey Gundlah called Bitcoin inflation insurance

Jeffrey Gundlah, head of DoubleLine Capital, recommended the first crypt currency and gold as assets that can protect capital from impairment due to the weakening dollar. A renowned cryptovite skeptic expressed his views in the Rosenberg Research webcast.

In 2017, Gundlah noted that he was not ready to participate in the Bitcoin Loophole scam boom. In October this year, in an interview with Business Insider, he called the first cryptovaly a „lie“, as he still doubted that it was „impossible to crack“.

„I do not believe in bitcoin. I think it is well tracked. I don’t think it’s anonymous,“ he said.

Gundlah then stressed that he should not be listed as a critic of the first crypt currency.

In the Rosenberg Research webcast he suggested that students hedge against inflation risks by adding gold and bitcoin to their investment portfolios.

DoubleLine Capital manages $141 billion in assets.

Last week the „bond king“ announced that Donald Trump has a high chance of being re-elected as president of the United States.

Let’s remind, quotations of futures traded on the FTX exchange and prediction markets predict a representative of the Democratic Party Joe Biden to win the US presidential election on November 3.

Subscribe to the ForkLog channel on YouTube!

Stanley Druckenmiller: another billionaire who has bitcoin

Bitcoin Coming Out Continues – Big investors in traditional finance are no longer hiding their love for Bitcoin. After Paul Tudor Jones a few months ago and Bill Miller just a few days ago, today it is Stanley Druckenmiller who admits to betting on the king of cryptos.

Bitcoin, a great store of value?

American billionaire Stanley Druckenmiller is a long-time manager of hedge funds (the famous h edge funds ). He was notably the founder and chairman of Duquesne Capital , a fund that has held up to $ 12 billion in assets under management.

In an interview with CNBC on November 9, Druckenmiller explains that he has gradually completely changed his point of view on Bitcoin (BTC). Indeed, the billionaire realized that:

“Bitcoins could be an asset class that has great appeal as a store of value (…). It has been around for 13 years (sic, 12 years in fact since its white paper) and, with each passing day, it stabilizes more and more as a well-known and recognized brand. “

However, in December 2017 , the fund manager was not kind to Bitcoin, also during an interview with CNBC. He claimed to have „no“ BTC at that time, because the invention of Satoshi Nakamoto did not represent for him a valid medium of exchange , because of its too great volatility .

Gold and Bitcoin are the cure for fiats hyperinflation

A hell of a change in the jacket has taken place since then, since Stanley Druckenmiller says today that:

“I own a lot, a lot more gold than I own bitcoin. But frankly, if the gold bet turns out to be successful, the bitcoin bet will probably work even better, because its market is smaller and less liquid (…). “

If they are betting on safe havens , it is also because the billionaire is short (seller) of fiat currencies , in particular the US dollar .

In summary, not only does Stanley Druckenmiller see Bitcoin as a very good store of value, the billionaire even believes that he will outperform gold. Indeed, the market of the king of cryptos being smaller than that of the precious metal, a possible hyperinflation of fiats currencies would cause an explosion of the price of BTC, higher than the rise of gold.

Top 5 Cryptomotes to follow this week: BTC, BNB, ADA, BCH, LINK

Bitcoin looks strong and indicators point to a possible drop above $14,000, while altcoins may perform less well in the short term.

The Bitcoin ( BTC ) rose about 90% in the year to date and rose almost 191% over the March lows. The increase has been gradual, without much fanfare, which suggests that the cryptochrites are the ones they bought in 2020.

The monthly closing of October at $13,798.99 is the highest of all time, surpassing the December 2017 closing at $13,789.68. Bitcoin’s strong performance can now attract players looking to benefit from the strength.
Weekly market performance data cryptomoedas. Source: Coin360

If this happens, Crypto Genius can gain momentum and surprise investors in a positive way. This could result in traders selling their altcoins to invest in Bitcoins. Therefore, the last season seems to be over in the short term.

Bitcoin beats record valuation and Ibovespa has the highest weekly turnover, dropping about 7.40%.

Three of the five major cryptomorphs analyzed today may offer a trading opportunity on the upside, while the other two may continue to fall further. Let’s look at the critical levels that may indicate the beginning of a trend movement.
BTC / USD

Bitcoin rose above the $13,973.50 resistance and reached an intraday high of $14,101.91 on October 31st. Although the bulls failed to sustain the price above the resistance, they did not give up much ground to the downside.

This suggests that traders are not closing their positions in a hurry because they expect another attempt by the bulls to push the price above resistance.

Both the 10-day exponential moving average ($13,309) and the 50-day simple moving average ($11,505) are rising and the relative strength index is in overbought territory. This suggests that the bulls are in charge.

If the BTC/USD pair closes above $14,000, it could start the next leg of the bullish trend which could reach $16,500.

However, if the bulls again fail to sustain the price above $14,000, short term traders may get rid of their positions and bears may begin short positions. A breach below the 10-day MME will be the first sign that the moment has weakened.

Bears are likely to gain a bigger hand if the pair falls and stays below the critical $12,460 support.

The pair is currently trying to stay above 10-EMA. If this happens and the bulls manage to push the price above the $13,973.50-$14,101.92 resistance zone, a new bullish trend is likely.

However, the bearish divergence on the RSI suggests that the bullish momentum is weakening. If sellers can sink the pair below 10-EMA, a drop to 50-SMA and then to $13,000 will be on the cards. Strong support in the $12,750-$13,000 zone could attract buyers.
BNB / USD

Binance Coin (BNB) broke below the $28.50 support on October 30, but managed to recover from intraday lows and close above $28.50. However, the doji candle pattern on October 31 suggested indecision between the bulls and bears.
Daily chart BNB / USD. Source: TradingView

The bears are currently trying to solve the indecision on the negative side and gain the advantage. If the BNB/USD pair breaks and closes below $27.50, it will increase the possibility of falling to $24.86.

The 10-day MME drop ($29.47) and the RSI in the negative zone suggest that the path of least resistance is to the downside.

Contrary to this assumption, if the price reverses the direction and rises above $28.50, this will suggest a few more days of consolidation.
BNB / USD 4 hour chart. Source: TradingView

The 4-hour chart shows that the $27.5111 recovery is facing strong resistance in 10-EMA. A break below $28 could challenge the $27.50 support, which if broken, the next break could be $26.50.

Both moving averages are dropping and the RSI is close to the oversize zone, suggesting an advantage for the bears.

This view will be invalidated if the pair changes and rises above $29. Such a move will suggest accumulation at lower levels and will increase the possibility of high to $30.50.
ADA / USD

Cardano ( ADA ) broke below the rising low wedge pattern on October 26 and fell to $0.0891 support. The bulls are currently trying to defend the support and push the price above the moving averages.

However, the 10-day MME drop ($0.988) and RSI below 43 suggest that bears are in control. Therefore, the jump is likely to face strong resistance in the moving averages.