market

Throwback: ETH crashed - $317 to 10¢, less than 1/20 of a second

Throwback to that time when ETH crashed on GDAX from $317 to 10¢ in less than 1/20 of a second.

Why post this?

It is a reminder that this market can be highly manipulated, depending on the coin. Remember to have stop-losses and keep yourself fully engrossed in the market; you want to plan ahead and ensure your investments are safe.

Happy Thursday, everyone!

BTC Health Check

Bitcoin has had a rough patch over the past month, falling so hard that it is (almost) a record fall for BTC. On the surface, this crash is worse then the 2013/14 historic Bitcoin and Crypto market fall. Looking at the market cap, we are actually (at time of writing) about 6% lower then that historic collapse.

  • Bitcoin mining difficulty fell by 15%, the sharpest decline since 2011.

  • The market cap is around $128 billion.

  • Trading volume is stable at $14 billion.

  • Bitcoin Dominance currently at 53.9%.

So what’s next?

Our LupoToro analysts all believe we are near the bottom of this fall. We should see another leg down, before finding support between the 2k and 3k levels. There is a slim chance of 1.9k BTC, however this is less likely. At 3k there is little support, so a fall to 2.5k is a possibility; we may touch on 2k flat before a bounce up.

Short-term, we expect a recovery rally between late December 2018 and January 2019. Good news to regain some profits in you are day-trading!

Medium-term, we expect to be tracking sideways in 2019 with smaller dips and rallies.

A bullrun on the horizon?

Fundamentally, the fundamental analysis does lead us to believe we could bullrun early to mid 2019. Is this likely? Well, before we answer, lets look at the technical analysis (also considering the market cap). TA says not likely, FA says likely. You need to consider both but we prefer to favour TA as that is what traders watch - they watch the charts. You can have all the good news in the world, but if the traders are bearish and trade bearishly, it would take MASSIVE fundamentally good news to break chart trading trends and push up, leading to a bullrun. Is it impossible? No.

Accumulate. Set stop losses. Be wise. Don’t over invest. Be patient. The patient are always rewarded in traditional stocks and this holds true for Crypto.

We are not providing financial advice here, just general information.

Is the market over-reacting?

The market isn’t done with the crash. The hashwars are still, of course, continuing - making a mockery of the market itself. But, is the market over-reacting?

The answer is wholeheartedly, yes.

Despite the very real drops in the value of Bitcoin and virtually all alt coins, Bitcoin fundamentals have never been stronger with it’s infrastructure still growing at a healthy rate.

Take the lightning network for example, this has increased its capacity by almost 200% in the last 4 months.

Ethereum are also working on their next project “Ethereum 2.0” - with talks of this being a completely new Blockchain, it boasts to be much more complex in it’s creation to withstand everything it struggled with in the past.

Last year, we had big dips before the bull-run that many weren’t ready for. Now, fundamentally, everything is much stronger. With confirmed Swiss ETF’s, upcoming BAKKT and VanEck ETF in the United States plus other fundamentally strong news, we are in a good position.

For the moment, we are dealing with negative market sentiment and hype, but all signs are pointing toward positive market movements in the near future. We will move up (BTC to around 5000) before another drop below, breaking down to the bottom (potentially around the 3000 level for BTC). This is happening extremely quickly, which should lead to a quicker recovery, as we bounce hard up once the market is ready.

Stay strong and do your research! This won’t last forever.

BAKKT: Manipulation & Delay

BAKKT today will reveal that they will delay their launch from December 2018 to January 24 2019. Surprise surprise…not.

BAKKT need to accumulate actual BTC, as do their major institutional clients. The market is in a dip right now. What better way to accumulate at today’s prices? Well, accumulate at tonight’s lower prices, of course!

By delaying their highly-anticipated launch, it puts further pressure on the market, pushing BTC and the wider market downwards. By informing their Clients ahead of time, their Clients have the chance to exit markets before further price drops. Once the market reaches a bottom (possibly $3k BTC), they can all accumulate at bargain prices.

That is the market, folks. We are controlled by massive money - just like any modern market. Massive players, massive money. Rich need to get richer. This is the perfect avenue and circumstance to allow this.

The takeaway: Stay calm. This is all part of the plan. Smile.

XLM Ready for Bitcoin Decoupling?

It’s widely known that all alt coins rise and fall in value in the wake of Bitcoin as it also rises and falls as so many different coins rely on it, despite what some coins may say in terms independence.

Stellar (XLM) However, has become one of the strongest and most stable coins going around.

To decouple from Bitcoin, alt coins need to have their own infrastructure and/or price stability that is derived from said infrastructure. XLM is a leader in alt coins in this space as they have built a whole ecosystem around their project. Without naming everything they’ve put into their ecosystem, some of the major components they’ve built varies from; their own decentralised exchange, stellar-based stable coins, layer 2 scaling solutions similar to the Lightning Network, increased fiat exposure through its presence on almost every major exchange and major connections & partnerships to big companies world-wide.

When taking all of this into consideration, XLM is arguably one of the strongest and stable alt coins going around at the moment. Given the fact that it is getting this kind recognition is testament to their project and what they’re building.

Swiss ETF APPROVED!

We recently reported that Switzerland's principal stock exchange SIX Swiss Exchange will list the world’s first multi-crypto-based exchange-traded product (ETP) - that has now been approved and confirmed! It will launch next week!

A crypto-based ETF would pave the way for institutional investors to participate in the trading of digital currencies without having to take physical possession of the assets.

SIX-Swiss Exchange, Europe’s fourth-biggest exchange with a market capitalisation of $1.6 trillion will list the world’s first crypto Exchange Traded Product (ETP) next week.

Backed by the Swiss startup Amun AG, the first global multi-crypto ETP will be listed under index HODL, and will track five major cryptocurrencies: Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC).

Positive vibes are growing and this is just the start. Well done to our PremiumProgram members who received tip offs about this good news a month ago, and made the necessary trades to capitalise on the bump in market sentiment that this produced.

Craig Steven Wright: #Hashwars

We don’t want to contribute to the FUD and we will not make too much comment on the so-called #Hashwars which are currently underway, BUT:


Craig Steven Wright is not the real Satoshi Nakamoto. He is a fraud and spreading negativity in the wider market. Ignore him, he will pass.

Our PremiumProgram members already know this. The market is acting in a similar fashion to this time last year (2017). Do not stress. Be careful with all current trades, of course, but also keep a level head. Go outside, smell the fresh air - life is good! Crypto is good!

Alt coins: In our bag

Alt coins are gaining huge traction already in the 2018 year by going mainstream, more than ever.

This lines up with our October and November 2017 predictions that 2018 will see huge influx of outsider cash into alt coins. For all our Clients and Followers who kept up with our updates and subscribed to our programs, congratulations on your DASH, Ethereum, Moneo and Ripple holdings – you would have all profited nicely.

This is something we are now pumping through to our PremiumProgram members for 2018 and onwards. Happy Trading!

Bitcoin: Heading for $8,000 USD

In line with updating all of our PremiumProgram Members two days ago, we wanted to provide a public update: Bitcoin is going to hit around $8,000.00 USD over the next few days, possibly a week or so.

The signals are there and will show more strongly over the next three days as the market retracts.

This is nothing to worry about if you are not day trading. Markets dip and spike, so stay calm.

What we will be doing:

Buying on the dip Bitcoin, Ehtereum, Stellar and more Alt coins.

Happy 2018! Ripple, BTC and more!

Happy 2018 ladies and gentlemen! This is the year of Crypto, so watch this space.

Our Ripple predictions from early February 2017 have come true - we have Ripple taking the place as the second largest coin by market cap and reaching above US $2.00. Congratulations to all of our Clients and Followers!

Tomorrow will be January 3rd, nine years ago, the first block of Bitcoin network was mined by Satoshi Nakamoto! Exciting times. Food for thought: The network fees have dropped a bit recently, too, which is nice.

Happy New Year!

 

South Korea - NOT BANNING CRYPTO

Through the grapevine we have heard the rumour that South Korea are planning on banning Bitcoin and Cryptocurrency Exchanges. The rumour states that this is about to be enforced and will be made public in the second or third week of 2018.

This is NOT TRUE. The South Korean government merely want to work more closely with South Korean exchanges and get a better feel for the market. They are not banning anything.

Do NOT panic sell or panic at all once this news breaks. Our PremiumProgram members have already received strategic plans; essentially, the market will dip anyway in the coming weeks/month. Stay calm.

Litecoin Found - As we predicted + Insider Program 2018

Charlie Lee, the founder of Litecoin, announced that he had sold all his Litecoins. He said that the main reason for this was a conflict of interests, since his tweets have an acute effect on the price of the Litecoin.

We broke an inkling of this news to our Clients and readers a few months ago. We love to say it - we told you so!

Premium Program: 2018!

Good news for all those Clients and followers looking to join our PremiumProgram - from January 2018, we will be opening up our exclusive PremiumProgram to the public.

By subscribing to our PremiumProgram, you will join an exclusive trading club, receiving the same bespoke trading strategy we use at the current point in time to grow our high net worth Client accounts, to grow our liquidity and business operations.

Yes, it is finally here. We have listened to all of your requests and we have acted accordingly. Get ready to trade like we do, in real time, with full access to every piece of information we have.
 

What we will be doing:

As the corrections move into the Crypto markets due to the massive rises (also predicted!), Litecoin we will sell off 40% of our Litecoin holdings. Additionally, getting our Insider Program to all of you ASAP! Bring on 2018!

Vitalik Buterin WILL LEAVE ETHEREUM - 2018

For 2018, we are closely watching Ether and are keeping both ears to the floor for news on Vitalik Buterin. We would not be surprised, and our sources are confirming this, that Vitalik Buterin will leave Ethereum in 2018.

Unfortunately, we keep hearing conflict within the Ether project and the way in which Vitalik Buterin is reacting towards the outer crypto population: he is not impressed.

It would be wise to keep a close watch on Ethereum. We predict that it will lose its second place market cap to Ripple shortly, possibly regain its second place right after, but from now on be neck-and-neck with Ripple on spot #2. Stellar will creep up on the top 5 shortly, too.

We predicted Charlie Lee leaving Litecoin months before it happened, and we are close to making that prediction again with Ethereum. In fact, we are 90% certain of it.

What we will be doing:

Keeping a close eye on Ether; values are at ATH right now, and should increase in the short term, but if Vitalik Buterin does in deed leave, we would short sell 60% of our holdings in Ether. Right now, we have cashed out 15%.

Bitcoin: ATH + Futures

As we predicted back in December 2016, Bitcoin is now breaking into $18,000.00 USD territory. To all our Clients with us since we broke the prediction, congratulations!

Be on the lookout for BTC Futures on Wall Street - the other side are trying to get into the Crypto game.

BTC will settle around $15,000.00 USD early January 2018 before continuing on rising throughout the middle and later part of 2018.

What we will be doing:

Watching BTC break $18,000.00 USD, just like we predicted over a year ago. November and December 2017 will be fantastic!

Stellar Lumens - XLM / STR

Stellar Lumens is going to join the majority of Alt coins from late November 2017 into early January 2018 with new ATH's. Word on the grapevine: buy Stellar now at any price before the end of October and HOLD.

What we will be doing:

Buying Stellar Lumens and holding. This rocket will launch.

Ripple: Watch it break $2.70 USD - ATH

Ripple is about to prove it's worth, seriously. We have been predicting a giant Bitcoin and Alt Coin run beginning late November 2017 and well into December 2017 for a long time now - but keep an eye on Ripple.

The price is fairly stable, although it is pointing downwards, but we can see in the graph (below) the stabilisation around the 4600 Satoshi level. That's great, now is the time to BUY BUY BUY. Ripple has a great network and partnerships, so watch it fly within the next few months.

What we will be doing:

Buying Ripple and tripling our current Ripple portfolio. We will sell when it peaks over $2.50 USD towards the very end of December 2017 and very early January 2018. 

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OMG: Let's GO

OMG is a great project out of Asia, and we have recommended that our Clients look into this coin.

The coin is being traded around 0.0027BTC level. The resistance line that broke out at 0.002BTC have become support, and the strong support nearer lies on the 0.0025BTC areas. Serious resistance lies at 0.003BTC.

Poloniex exchange has added OMG in recent days, along with CVC and GAS. Poloniex does not add a lot of new coins frequently.

What we will be doing:

Quadrupling our holding in OMG, then selling 45% of our holding during the massive run that we predict in December 2017.

Litecoin: FOUNDER on ROCKS - BUY? SELL? HOLD?

After a long and steady rise since the beginning of 2017 following the adoption of Segwit, Litecoin recently suffered from a correction.

According to the graph (below), we see that we have reached a strong support around the 0.1 BTC area. As reported in our last update to our Clients about the expectation from Litecoin to serve as a hedge of Bitcoin. In the Litecoin – USD graph, the story is completely different. The value maintains stability around $ 40, with slight volatility.

BUT WAIT - THERE IS MORE!

Word on the grapevine is that the founder of Litecoin and upper management are considering two alternatives.

  1. An announcement of a new leadership team, from scratch.

  2. Litecoin founder will retain a back-seat position and liquidate the majority, or all, of his holdings (coins).

We strongly believe that the first option will do more damage to Litecoin, so will very unlikely happen. With that said, we do fully expect the founder of Litecoin to make some sort of announcement toward the end of 2017 (November?). A short period of rise, in line with the huge Bitcoin run we still expect toward the end of November 2017 and December 2017, will pump the Litecoin price up - this is when we will sell.

What will we be doing:

Doubling our Litecoin postion. By the end of 2017, Litecoin values will take off despite major shake-ups with the founder and leadership, the coin will prevail through the end of 2017 and in 2018. We will sell 60% of our Litecoin once it peaks late 2017, after the expected announcement by the founder.

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ICO - EOS and TEZOS

Let us focus on two ICO's - EOS and TEZOS.

EOS: Following our previous market update, the EOS unique ICO had begun its daily funding and there seems to be an extensive hype around it. Every new day offers a limited cap of coins at ICO, and the ICO is expected to take a year long. The project’s market value is over $ 1 billion.

TEZOS: This platform is for smart contracts that competes with Ethereum, which started raising funds on the 1st of July. The ICO has no limited cap and it is still underway, open for investments. This is a completely new blockchain, which offers solutions and innovations in the field of smart contracts.

A tip for beginners: When investigating a crypto, check the coin’s graph, for example, on CoinMarketCap, the default rate displayed is usually USD. It’s always important to compare to the BTC rate, since bitcoin is the base asset for the altcoins.

What we will be doing:

Taking a calculated risk here and investing 5% of our total portfolio net worth into each of these ICO's.

Market Update: The State

Bitcoin corrects its uptrend sharply trading against FIAT. In contrast to the recent significant correction from the end of May, this time the Altcoins do not lose too much of their BTC value. Last week began with a new BTC all-time high close to $3000, following the uptrend from our previous weekly update. But during last days we are experiencing a deep correction that reached its low at $2118, almost loosing third in two days. Support around 2000$ seems to hold and we see stabilisation between $2300-2500 area. The correction was expected after a long way rally. Corrections are signs for a healthy rising market.

The trigger this time is continues discussions over the expected events in Bitcoin in early August. Please note that if there will be fork, all Bitcoins must be transferred from exchanges to a secure wallet. Further estimates and possible impacts – too be updated soon.

Crypto mining is at its peak: designated graphic cards are selling on Amazon at a record price high of 2-3 times their recent price ($600). The world’s inventory is currently sold out, which teaches us about the ongoing hype in the mining market.

What we will be doing:

Stocking up on all of our alt coins today, in most cases doubling our current holdings - especially across coins like Ripple, Waves and Bitcoin.