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BTC MINERS' WIN + WIN STRATEGYBitfinex longs at ATH level and keep climbing. -What happened before at bear market 2018? (Number 1 Situation) When price at $6000 level some miners closed their mining systems because mining was not profitable enough for them. After they closed their system hash ribbons indicator warn us like " Capitulation " ( It means that, hash power that generating from all miners has decline trend.) In other words 30 SMA - 60 SMA are death crossing. Important thing here ; even miners turned off their systems BITFINEX LONGS were growing. At the same time price found bottom before as you see. I am assuming; some miners were sold as much as they can and they dumped the price while they opened long on BITFINEX. (Win + Win) First Win : They have good long position as you see price at $3100-$3500 Second Win : Some miners had to close their machines and they had relative more BTC award from mining. -What i am expect now? (Number 2 Situation) Almost same situation here as you can see. Price is dropping, BITFINEX longs are growing, Hash ribbons showing us " Capitulation " I am assuming that they are dumping price again but they are secure their BTC value at BITFINEX to opening a long. They get lower entry for long. Small miners are closing their machines because they know that its not profitable enough right now. As a conclusion ; I am thinking as a miner, i can sell as much as i can from spot exchange to dump price. And opening a lower long while this is happening. And shakeout weak miners as much as i can. Try to reduce difficulty to get more benefit. SO, its not mean that we found our bottom yet. Still lower price on the table but one more good thing as bull, After miners run out of BTC, they won't sell until halvening. And i am assuming that price will growth. Nothing here financial advice. Follow and like for more. Thanks.
BITFINEX:BTCUSDLONGSLong
by ShinjiOsako
6
BTCUSD: Miner Capitulation Is Here... Back Down To $3,800?The chart speaks for itself. The extrapoled price comes from the "2018 miner capitulation" that caused the price to drop 50%. Will we go back to $3,800? Unlikely, but clearly this is possible if the capitulation is as aggressive as 2018. Notably the VPVR is supporting the price target of $3,800, as is the extrapolation, with forecasted price for the block halving in May 2020 above $6K followed by another swift recovery and subsequent bull-run. This isn't the first theory regarding price forming a higher low double bottom instead of holding the $5-6K area. As published last year, the 50 & 200 Day death cross also resulted in a 50% drop in price in 2014 and 2018, implying a 50% probability of such an outcome (using 4 sets of available data).
COINBASE:BTCUSDShort
by dragononcrypto
BITCOIN | Technically a Strong Area To BUY It.Hi, I have waited for a further price action after "tiny" bounce upwards. Movements have stayed stable and it allows us to determine technically some important areas for further movements. In general, BTC price and the overall price action are not at the best price levels to make precise predictions but still, we have something to start with. Let's start from the beginning and let's start from the most important - Bitcoin price has made a breakout above the powerful down-trendline. As I have said several times, this trendline from 2019 has worked perfectly as a resistance. After a couple of failed attempts to break above it has finally been successful. The recent pump guided the price above the down-trendline, which is also called a counter-trendline and we can call it also "Bull Flag"/"Falling Wedge".Let's talk a bit more about them: *Counter-trendline - multiple times mentioned in my posts. The recent long-term trend has been upwards, from $3128 to ~$14,000. Since it made the $14,000 high, the overall bullish sentiment has been low. Mid-term lower lows, mid-term lower highs, and this movement printed the mentioned trendline. It called counter-trendline because it is against the bigger trend, simple. Now, the price managed to crack it and theoretically, the long-term upwards movements may continue. Sound simple, right!? but it isn't. *Bull Flag/Falling Wedge - to mix it up even more to the bullish side, then more than a month ago (26. of September, you can see it below of this post "Related ideas") I posted a possible movement and a breakout from the massive bullish chart pattern called "Bull Flag": Actually, pretty creepy to watch it because those movements have been pretty similar compared with my drawings about a month ago. At the moment, it looks more like another bullish chart pattern called "Falling Wedge" but the idea remains the same - bullish. So, as I said at 26. of September: "I change my mid-, long-term bearish bias when the price has made a breakout above the upper trendline". It has made it and I will start to look where I can enter into the next possible waves upwards. My eyes are pointed to $8,450 - $8,800. Strong Price Level Criteria: $8,450 - $8,800 1) As said, the price has made a breakout from the bullish chart pattern "Falling Wedge". It is confirmed with the Daily candle close above of it and that should be enough. It has worked perfectly as resistance, also we have a strong candle breakthrough which also shows that the area is strong and now it should start to work as a strong support level. 2) Retest - after the breakout from certain chart patterns, the price has a tendency to retest the pattern. So, we can consider that current throwback is a possible retest approach. 3) In general, the area between two light-blue horizontal lines is the strong area, $8,450 - $8,800. Recently and historically this area has turned the price around. It runs through the trendline which also acts as a support and those two should form a pretty strong support level. 4) Inside the strong area is another bomb - Daily EMA200 should act as a support. The Daily EMA200 has cracked only with strong and powerful Daily candles. Yes, it can break it again (break below) but if those Bart Moves occurs so often then BTC is rigged :) 5) To be punctual, then the strongest area inside $8,450 - $8,800 is the orange prize zone. There is EMA200 and no Daily candle closes inside of it. Let's dig into Daily candles: 4-hour chart 6) 4H Golden Cross between EMA100&200 7) Those mentioned 4H EMAs are between those two light-blue horizontal lines - inside the strong area. Should act as support levels. 8) Fibonacci retracement 62% - Golden Ratio. Pulled from recent pump low to the high and at the moment matching perfectly with our possible bounce area. 9) Subjective channel bottom trendline. Subjective because not so clean as it should be. 10) AB=CD D point inside the marked green area. Also, a bit subjective, not so clean as it should be because of the big candles but it matching with my possible bounce area. 11) Wait for a 4H timeframe bullish candlestick formation inside the marked green area (on the 4H chart picture). Top patterns: Morning Star, bullish Engulfing, bullish Railway Tracks! Okay, those were my thoughts about the current situation after the pump upwards. Possibly, we can see a continuation wave upwards, it all depends - do the retest area holds it or not!? Definitely, it is a strong price level but is it enough? It should be enough, even visually I cannot imagine another Bart move to the downside. As said at the beginning of this post "...BTC price and the overall price action are not at the best price levels...". This is because we are in the middle of two strong price levels. Below the current price, the mentioned $8,450 - $8,800. Above the current price $9,300-$9,500. 9,3-9,5k has been a very strong support level in 2019 and the recent bounce didn't manage to crack it because now, it acts as a resistance. So, at the moment it seems logical that the price takes some rest and it attempts to break it again in the near future. Let's see, at least we have some price levels to follow. If it was helpful then take a second and support my effort by hitting the "LIKE" button, it is my only fee from You! Regards, Vaido
COINBASE:BTCUSD
by VaidoVeek
10
What To Expect After BTC Block Halving in 2020Hello my dear friends! Today I am here to provide you with some insights regarding the Bitcoins block halving in May 2020 and how it will affect the overall Bitcoins performance on the market. I believe everybody should be aware of this so it is my pleasure to share this with you. The information below is constructed from various research articles and personal knowledge based from experience. Hope you enjoy the read, I promise not to waste your time! On May 20th 2020, the third Bitcoin halving will occur. 50% less Bitcoins will be generated every 10 minutes and this could change the value of Bitcoin forever. The halving is an anti-inflationary function that “Satoshi Nakamoto” (creator/s of Bitcoin) put in place to make sure the value of bitcoin was never pushed down by the supply increasing too fast. This function is described in the white-paper. Block halving tends to have long-term positive effects on the price of Bitcoin (just like in previous halving’s). This is mainly due to supply and demand. If fewer bitcoins are being generated, the newly increased scarcity automatically makes them more valuable, but this doesn’t happen right away unfortunately. After the first halving, bitcoin went from around $11 to around $1,100 and back down to $220. Second time, Bitcoin went from around $230 to around $20,000 and back down to around $4,000. So for the next halving, majority of people are expecting history to repeat itself, only this time, sending bitcoin to perhaps a six-digit price. The biggest changes in the crypto ecosystem this time, will be the higher public awareness around bitcoin and the interest of institutional investors (hedge funds, banks, pensions, etc.). Increased public awareness could also lead to a wave of FOMO buying, which could push the Bitcoins price higher. When more financial institutions begin taking big positions, it could affect bitcoin in ways investors have never seen before. What does this mean for the Bitcoin Mining Industry: The acceptance of cryptocurrency by retails, investments by large semiconductor companies in mining-specific hardware, and the increasing demand for equipment manufactured in China are the emerging trends expected to gain traction by 2022. These trends will further add to the growth of the cryptocurrency mining hardware market size during the forecast period. The global cryptocurrency mining hardware market is expected to grow over USD 2.2 billion between 2018-2022. In fact, over 50% of the market’s growth will come from Asia-Pacific as the region is witnessing steady growth due to the extensive adoption of blockchain technology and cryptocurrency. When the block reward halves, the price per Bitcoin compensates along with it. We have seen this process occur after every halving. Mining is a self balancing machine seeking to always be in equilibrium. The increasing number of product launches are expected to trigger the market growth during the forecast period. Vendors are making significant investments in research and development for developing innovative technologies and new products. It is safe to assume that after the block halving, there will be a high chance of large influx of new miners on the network, ultimately pushing the Bitcoins price higher. Bitcoin is still at it's very early stages of growth and unfortunately we have to be patient with seeing it reach its new higher highs. Although now may seem like the perfect opportunity to acquire bitcoin for long term holding, in my personal opinion we can still expect multiple draw downs of the price, perhaps even reaching down to the $6,000 support areas. Usually at the end of the year we see huge volatility in the overall cryptocurrency market, ultimately pushing the Bitcoins price to either direction, creating potential investment opportunities. Hope you enjoyed the read! Note: I am not a financial advisor and am not responsible for you placing any trades on the digital asset.
BITSTAMP:BTCUSDEducation
by Proszi
2
bitcoin usdt next 10800 cup signal and good voluem Bitcoun usdt next 10800 cup signal and good volume PIETA Co. Ltd., currently founded in Turkey, we are a team composed of young people who believe that blockchain technology has a great future.We have studied the future of cryptocurrencies and we have found out many problems that will face their future. What is more important is that most of these cryptocurrencies are not environmentally friendly.Moreover ,the cost of mining that uses electricity from non-renewable resources is costly to the customer in addition to its severe damage to the environment, considering that the world suffers from the problem of global warming, so we decided to consider solving this problem, because we found that the process of mining bitcoin results in high consumption of electricity To the extent that the profit of mining gets very low, for example, production is a daily profit of $ 12 per device and after deducting electricity charges becomes only $ 4, the miner finds that there is no profitable profit from this process and thus leaves it, and will also be reviewed by the environmental protection organizations that these Currencies represent a useless increase in consumption of non-renewable energy polluting the environment, which calls on them to fight, knowing that a serious report in 2017 states that electricity consumption of bitcoin has exceeded the electricity consumption of one country, which was a severe blow to the price of Bitcoin and was one of the factors that led to the decline of Bitcoin price that It fluctuates because of fear of the future and that there are no solutions on the ground for this problem yet.  This is what will threaten the future of this technology, which depends mainly on the mining process, so our team of developers decided to find a solution and this solution lies in two ways their main objective is to achieve an earning for investors, and also protect the environment, as well as protecting this technology from threats to the near future, which drives to raise the price and the value of Cryptocurrencies Again, the first solution is to create an innovative cryptocurrency by our team programmers in Blockchain Engineering , it is the X20 algorithm, developed by the famous X11, which relies mainly on reducing the energy consumption used in the mining process, whether it was renewable energy Or non-renewable by up to 50%, which in turn will reduce the cost of mining PIETA currency and also prolong the life of the devices used by up to 50% because this will make them cooler, and all this without compromising the safety of mining and speed, this new invention represents a revolution in the world Without a doubt, the second solution is the establishment of mining farms that use solar energy and renewable energy to mining Bitcoin and Ethereum zcash and other digital currencies in addition to the PIETA currency, which will be the largest earning with cheaper price, which will increase its value against the rest of the digital currencies .After the current phase, these contracts will be sold only for the Pieta Token which is currently offered for sale instead of the Pieta currency which is based on the Pieta algorithm X20 invented by the team Pieta, which will be launched on November 24. This will be a mining contract at a discount to the rest of the platforms that sell these contracts, which rely on renewable energy and also these contracts will be without electricity charges because of solar mining (maintenance fees), this project will be a unprecedented in the Middle East towards renewable energy and a great honor for us, That is because it will actually connect The technology to the renewable energy, to make a lo g story short, now we are in the stage of raising the appropriate funds for the project and we strive to achieve this to enter the most powerful global platforms for the circulation of digital currency PIETA and the establishment of a large trading volume, in addition to the establishment of renewable energy mining farms that provide contracts at cheap prices and without Electricity fees (maintenance fees) to work on the return of the mining process strongly and again, which will help raise the value of digital currencies such as Bitcoin, including the PIETA currency, which will be the reason for this because the development of the PIETA currency is the development of the entire blockchain technology. Therefore, we hope to become partners especially that I know you support strong and influential projects. I will enclose all the details of the project including the legal papers of the company in addition to the White Paper and teaser for more details via telegram @MahmoudCEO -- Best Regards,
by koka4win
AAL.L (Anglo American Plc) target 2,100 from weekend quote $1,69**Defensive stock to consider is AAL.L (Anglo American Plc) quoted AUG-17 $1,698.** Reason being XAU / USD (Gold / US Dollar) prices have elevated and appear poised to continue to range above $1,400 with a 1-3 month outlook. Dividend growth (5% yield) reflects metals rally and may continue. Market cap 23.5-BLN means it is quite defensive as pure equity play. **Debt only 3-BLN. Earnings 8-BLN. Assets exceed liabilities greatly.** **"Industry: Industrial Metals & Minerals** Full Time Employees: 64,000" Gold on the rise, global growth slowdown may not reverse trend in production cost which could lead to Platinum rising in shadow of Gold; versus the US Dollar. Company (AAL.L) revenue rose dramatically more than cost of revenue since 2016 (3 years), an advantage offered by the current market climate (inflation lacking) I deem. Liabilities being much less than assets makes this an indestructible defensive play. **Platinum group metals are in a strong bullish trend, being rare basic industrial materials this may continue.** "Platinum group metals" includes: Platinum, Rhodium, Palladium, Iridium, Osmium, Ruthenium. Long-term copper price risk is to the upside. Refer to recession '08 Copper prices. **"Anglo American plc, together with its subsidiaries, engages in exploring, mining, and processing various metals and minerals worldwide. The company explores for rough and polished diamonds, copper, platinum group metals, metallurgical and thermal coal, and iron; and nickel and manganese ores, as well as alloys."** **Nickel is up 20% in the past 3 months.** Credit Suisse upgraded to "Outperform" from "Neutral" 5/3/2019. Today is 8/17/2019. **AAL.L (Anglo American Plc) target 2,100 from weekend quote $1,698 for a 23% difference** and a duration of 1-6 months, **estimate 2-3 months**. This creates possibility of receiving its' dividend of approximately 3% in addition.
LSE:AALLong
by AUDvantages
Pan African Resources - Digging for goldBuy Pan African Resources (PAF.L) Pan African Resources PLC is a precious metals producer engaged in mining. The Company operates through six segments: Barberton Mines, located in Barberton South Africa, derives revenue from sale of gold to South African financial institutions; Evander Gold Mining Proprietary Limited and Evander Gold Mines Limited (collectively known as Evander Mines), located in Evander South Africa, derives revenue from sale of gold to South African financial institutions; Phoenix Platinum, located in North West province in South Africa, derives revenue from sale of platinum group element concentrate to Western Platinum Limited. Market Cap: £224.46Million Pan African Resources is trading in a sequence of higher highs and higher lows since July 2018. The shares topped out in August at 14.7p and have since corrected sharply lower. The correct move has stalled just in front of the 61.8% Fibonacci support level at 10.86p and now appears to be forming a wedge pattern. The move above resistance at 11.76p has confirmed the break of the wedge, which we believe could lead to more upside in the short to medium term. Stop: 10.7p Target 1: 14.7p Target 2: 17.5p Interested in UK Small Caps? Join our free Telegram channel for up to date analysis on the best small-cap opportunities in the UK right now. t.me
LSE:PAFLong
by Investamate
The Metals & Mining Sector is in a Critical AreaWeekly Chart : The XME is in a Down Trend for almost 2 years. Two important Technical keys: 1. The Down Trendline 2. The Support are of 24.25-25.43 Daily Chart : The price getting squeezed between the trendline and the support area - The Probable Scenarios : Scenario #1 is more probable, im looking for a break of the support area, in that case, the first target priceis 20.4. In scenario #2, longs can be taken only above 29.39, and if the volume and trend show strong signals of buying.
AMEX:XMEShort
by Ido_Havazelet
1