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Market Analysis of October 31, 2019

The marketcap has been moving down (-0.51%) since yesterday. The total capitalization is 246 361 465 041 USD.
Bitcoin totals 166 466 256 245 USD of capitalization for a dominance of 67.30%. Ethereum’s marketcap is 20 003 813 190 USD, followed by Ripple with 12 855 127 347 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

The Bitcoin closed with a bearish movement and is trading around $9100. It evolves in range between the Weekly Open and the Monthly Open.

The daily technical situation is rather positive. The MACD and WaveTrends are on the rise but the CCI is on the decline. Over a time horizon of 4 hours, the technical situation is negative. The indicators are down.

What to do about it?

The BTC takes a downward triangle turn, prepare to be bearish in case of breakage.

  • The supports of the day are at 8300$ — 7800$
  • The resistances of the day are at 9600$ — 10700$

Ethereum Analysis


ETH closed with a bearish movement and is currently trading between the Weekly Open and Monthly Open at around $181.5.
The technical situation is however rather positive, the MACD and WaveTrends are on the rise but show signs of downward curvature while the CCI is already on the decline. Over a time horizon of 4 hours, the technical situation is negative. All indicators are bearish.

What to do about it?

ETH is coming to test the Monthly Open. You have to be prepared in case of breakage or upward rebound.

  • The supports of the day are at 181$ — 173$
  • The resistances of the day are at 193$ — 202$

Conclusion

BTC and ETH are still in consolidation, close to support and resistance. We do not recommend trading while they are in this position.
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Market Analysis of October 29, 2019

The marketcap has been moving up (+1.25%) since yesterday. The total capitalization is 251 558 766 570 USD.

Bitcoin totals 170 261 183 904 USD of capitalization for a dominance of 67.70%. Ethereum’s marketcap is 20 165 423 272 USD, followed by Ripple with 12 882 155 250 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

The Bitcoin closed down for the first time since its recent rise and is trading at around $9430. It is currently evolving between the Weekly and Monthly Open.

The technical situation is positive, the indicators are all on the rise. Over a time horizon of 4 hours, the technical situation is rather negative. The indicators are starting to move down.

What to do about it?

The BTC still consolidates around 9400, and seems to take the Weekly Open as resistance. There is also a divergence in time horizons. Be aware of a breakage or rejection.

  • The supports of the day are at 9200$ — 8300$
  • The resistances of the day are at 9600$ — 10700$

Ethereum Analysis

ETH closed with a bearish movement and is currently trading around $185.5, above its Weekly Open. The daily technical situation is positive, the indicators are bullish.

Over a time horizon of 4 hours, the technical situation remains rather positive, the indicators are still slightly upwards except for the CCI which is starting to move down.

What to do about it?

ETH is consolidating and could continue its downward movement if it passes the Weekly Open.

  • The supports of the day are at 181$ — 176$
  • The resistances of the day are at 188$ — 192$

Conclusion

BTC and ETH consolidate and can be bearish as yesterday.

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Bitcoin Weekly Update #7

By 4C Trading — 28/10/2019 :

This analysis is intended for swing traders or medium-term investors. As a reminder, swing trading is a strategy of speculation in financial markets where an asset is held only for a few days to take advantage of price fluctuations. In this analysis, which you will find every week, I will detail my vision of the market and more specifically the one of Bitcoin. In addition to a technical analysis, I will summarize 3/4 of the news that impacted the market.

40%…

… that’s what you were able to earn last week if you had followed my previous analysis. (and this without leverage) ?

I invite you to look at my well-known turquoise rectangle with the inscription “Ideal bounce / consolidation zone” as well as the yellow support line at $7386. This is the exact spot where Bitcoin bounced back. This liquidity zone destroyed the stop-losses placed at $8300–8600 to make the famous Bart Simpson that I also indicated in my analysis #5.

What a week and especially what a win!

Bitcoin rose so high and so fast — as you all know — boosted by the announcement of Chinese President Xi (see: the news below) that its price re-entered the symmetrical triangle before being rejected without much surprise.

Currently on the daily chart, we can see that the Bitcoin is hitting the old support of the symmetric triangle. The scenario of a bullish recovery within the week would surprise me. We got our famous FOMO and now I expect the market to calm down a little. We could range in the current zone: $9,200-$9600 before testing a new lower liquidity zone at around $8400–8800. This would also help to fill the new gap that has appeared on the Bitcoin futures market.


Don’t forget to place your stop-loss, a good money management is the basis of all trading. If you do not have all the knowledge on this subject, I invite you to read this article.

News

  • Coinbase generated more than $2B in transaction fee revenue since 2012

Coinbase CEO : Brian Armstrong declared that the exchange has generated nearly $2 billion in transaction fee revenue and has been profitable only since 2017.

  • “Blockchain” search volume have skyrocketed after President Xi’s remarks in China

One impressive data is the following : The word “blockchain” was search 72,049 times on Baidu on Friday, a 1382.79% increase compared to the day before. The Chinese interest rise for Bitcoin and Blockchain is largely due to President Xi’s declaration. In fact, he stressed that China should commit to developing blockchain and take the leading position in this technology.

  • Opera integrates new features allowing users to pay in Bitcoin

Along with the new designs, Opera has added crypto wallet into its Android browser. The Opera crypto wallet now supports ETH, BTC and Tron.

  • US Congress drafts a bill on classifying stablecoins as securities

On October, 18th, US Congress published a drafted bill about categorizing stablecoin as securities. Per the bill, US Congress gave out the reason why stablecoin can be considered as securities: “Digital assets, also known as managed stablecoins, are investment contract and therefore are securities within the meaning given the term in section 2(a) of the Securities Act of 1933,”

Nico, analyst at 4C-trading.

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Newsflash of October 28

Market Cap at 1:53 (UTC) – $248,790,346,443 billion 

Bitcoin dominance: 67.9 % 

BTC $9,370.07  (-0.65%)

ETH $183.22 (+0.62%)

XRP $0.297169 (+0.41%)

China passed encryption law

China recently passed a new cryptography law which will take effect on January 1st, 2020. Per the article, the new law will promote cryptography, data encryption, cyber security, etc to address the legal barriers.

UAE is seeking expert opinion on a drafted crypto resolution

UAE recently invited parties including brokers, investors, financial analysts, researchers, etc to review a drafted solution on crypto regulation and the guests will have to submit their opinions before the deadline which is October, 29th. Per the announcement, the drafted regulation has 28 articles and if passed, it will protect investors, set standards for crypto assets, market participants, prevent financial crimes, etc.

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Market Analysis of October 28, 2019

The marketcap has been moving up (+1.48%) since yesterday. The total capitalization is 248 443 796 011 USD.

Bitcoin totals 168 372 573 517 USD of capitalization for a dominance of 67.90%. Ethereum’s marketcap is 19 743 877 553 USD, followed by Ripple with 12 787 829 971 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

The Bitcoin closed up and is currently trading around 9400$, after a dazzling rise this week-end. The daily technical situation is rather positive. The MACD and WaveTrends are up but the CCI has gone down.

Over a time horizon of 4 hours, the technical situation is complex and rather negative. The WaveTrends crossed downward and shows downward curves. The CCI is down and the MACD is also showing signs of decline.

What to do about it?

The BTC is consolidating around $9400 but shows bearish signs, so be prepared accordingly.

  • The supports of the day are at 9200$ — 8300$
  • The resistances of the day are at 9600$ — 10700$

Ethereum Analysis

ETH closed with a bullish movement and is trading around $183.55.

The daily technical situation is rather positive. MACD and WaveTrends are on the rise while CCI is on the decline.

Over a time horizon of 4 hours, the technical situation is rather negative and complex as for the BTC. WaveTrends crossed downward, MACD shows signs of downward curvature and CCI is slightly downward.

What to do about it?

ETH consolidates but displays bearish signs, such as BTC.

  • The supports of the day are at 179$ — 161$
  • The resistances of the day are at 192$ — 202$

Conclusion

BTC and ETH consolidate and can be bearish, they are to be monitored.

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Market Analysis of October 25, 2019

The marketcap has been moving up (+1.08%) since yesterday. The total capitalization is 204 331 525 991 USD.
Bitcoin totals 135 290 210 025 USD of capitalization for a dominance of 65.50%. Ethereum’s marketcap is 17 713 351 597 USD, followed by Ripple with 12 142 528 054 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

The Bitcoin closed with a bearish movement and is trading around $7464. He continues to lose some of his dominance.

The daily technical situation is rather positive. The WaveTrends is close to crossing up, the CCI is up and the MACD is horizontal.
On a 4-hour horizon, the technical situation is also quite positive. The MACD is showing signs of recovery, the CCI is on the rise and the WaveTrends is starting to recover.

What to do about it?

The BTC continues its consolidation at the 7400$ level, without much movement. We can notice the formation of an ascending triangle. Pay attention to its breakage.

  • The supports of the day are at 7300$ — 6700$
  • The resistances of the day are at 7500$ — 7800$

Ethereum Analysis


ETH closed with a bearish movement, but the candle indicates a strong buying power. ETH is around $162.75. The daily technical situation is rather negative. The MACD and WaveTrends are down despite an increasing CCI.
Over a time horizon of 4 hours, the technical situation is rather positive. This time the CCI is down while the MACD and WaveTrends are up.

What to do about it?

ETH consolidates an ascending bevel or an ascending triangle into a formation. We advise you to prepare for both bullish and bearish scenarios.

  • The supports of the day are at 158$ — 152$
  • The resistances of the day are at 163$ — 168$

Conclusion

BTC and ETH are in consolidation and may lead to a bullish movement, but don’t forget to watch the alts as well.
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Investment Portfolio Diversification in Cryptocurrency

Imagine waking up one morning to find all your investment gone simply because you only invested in one asset? There are many cryptocurrency assets out there; unfortunately, many traders and other novice level participants in the cryptocurrency industry assume that bitcoin is a shorter and fancier name for the only cryptocurrency. Cryptocurrency refers to a wide array of digital assets based on blockchain technology. The famous Bitcoin is just one of the thousands of such assets.
Therefore, as a trader, you shouldn’t stick to trading only Bitcoin. Have a sense of adventure and venture into other coins and tokens. For this reason, we are dedicating this article specifically for one purpose. Cryptocurrency portfolio diversification!

What is portfolio diversification?

Well, an investment portfolio is made up of all active assets that you have invested in. Portfolio diversification, therefore, means incorporating a wide range of assets in your investments.
For instance, a diversified cryptocurrency portfolio will feature different types of coins, tokens, and other digital assets based on blockchain technology. Does this have any significance in trading? Yes!

What is the importance of diversifying one’s portfolio?

As the adage goes, do not put all your eggs in one basket. The same principle applies to creating an investment portfolio.
When diversifying a portfolio, you spread your capital across different assets. At the same time, your loses are spread across these assets and get minimized. For instance, if you spare $10,000 for investment in cryptocurrency, spend half on Bitcoin, and another half on TRON. In case bitcoin’s prices crush, TRON investment will remain safe and unaffected by bitcoin’s drop.
However, some investors and analysts argue that this concept is not right.
According to the founder of HodlBolt company, Anthony Xie, cryptocurrency assets are highly correlated, and their changes in prices cut across the industry. He further added that no matter how hard you try to diversify, the cryptocurrency industry will remain to be one big basket of eggs.
In 2018, the Crypto Briefing Magazine published a report which supported Mr. Xie’s claims but added that the correlations are quickly fading as assets become more independent of each other. A good example being BNB coin whose success is tied to Binance performance and not Bitcoin’s (which still has a big influence on minor coins).
Therefore diversification is the way to go!

What factors should you consider before selecting assets for your portfolio?

There are several points to consider while diversifying your portfolio. It is important to get everything right since it will directly impact your investment.

1. THE USE

Most investors believe that all crypto assets are similar. However, each cryptocurrency is unique to its purpose of creation. Bitcoin and Ethereum are separated by what they can do, and they do not compete for the same niche of users. It is this reason that has led to an influx of crypto coins as each tries to address a particular problem in the industry.
Here are some examples of assets and their uses.
World Computer: Ethereum, NEOS, Tron, and Cardano
Store of Value: Bitcoin
DAPPs: Steem and Augur
Payment Network: XRP, Stellar and Bitcoin Cash
Crypto Exchange Utility Tokens: Binance Coin, KUcoin and Qash
Stable Coins: Tether, USDT, and PAX
As an investor, you would want to steer away from investing in assets with similar use cases. This will impact on your investments in case a use case is affected.
For example, combining Bitcoin, Ethereum, XRP, and USDT is a great way of diversifying your portfolio since each asset is in its use class.
As stated earlier, there are other factors to consider apart from the asset’s use, which is the main one. These factors include:
1. The liquidity of the asset
2. The size and age in the industry- bigger and older companies have better assets
3. The amount of investment on the assets by financial companies
Now that we know how to diversify a portfolio, you can make your adjustments based on your investment strategies and your risk tolerance levels. Of course, you would want to have assets with contrasting features on your portfolio. If you have a volatile asset like Bitcoin, then a stablecoin like USDT will be its contrast.

Conclusion

Investing in a volatile and dynamic industry. And it’s not getting any easier. To beat these challenges, you have to master the fine art of trading including being able to diversify your portfolio. Keep trading safely!
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Market Analysis of October 24, 2019

The marketcap has been moving down (-5.93%) since yesterday. The total capitalization is 204 331 525 991 USD.

Bitcoin totals 134 856 404 284 USD of capitalization for a dominance of 66.00%. Ethereum’s marketcap is 17 512 665 190 USD, followed by Ripple with 11 773 965 760 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

The Bitcoin closed with a downward movement of -6.87% and is currently trading at around $7424.

The daily technical situation is rather negative, the MACD and WaveTrends are down. However, the ICC is on the rise.

Over a time horizon of 4 hours, the technical situation is identical but the WaveTrends shows signs of recovery.

What to do about it?

The BTC has dropped below $7800 and is consolidating for the moment. We advise you to wait to see the amplitude of the new range being formed.

  • The supports of the day are at 7300$ — 6700$
  • The resistances of the day are at 7500$ — 7800$

Ethereum Analysis

ETH closed down for the 3rd day in a row and is trading at around $160. The daily technical situation is also rather negative, WaveTrends and MACD are on the decline while the CCI shows a slight recovery.

Over a time horizon of 4 hours, the technical situation remains rather negative but the CCI is bullish and the WaveTrends shows signs of recovery.

What to do about it?

ETH consolidates after falling the day before, we advise you to wait to see the amplitude of the range being formed.

  • The supports of the day are at 158$ — 152$
  • The resistances of the day are at 163$ — 168$

Conclusion

Alts can be more interesting and less risky to trade at the moment.

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Newsflash of October 23

Market Cap at 1:28 (UTC) – $205,579,485,25 billion 

Bitcoin dominance: 66.2 % 

BTC $7,572.14  (-8.37%)

ETH $160.95 (-7.69%)

XRP $0.275489 (-6.97%)

US Congress drafts a bill on classifying stablecoins as securities

On October, 18th, US Congress published a drafted bill about categorizing stablecoin as securities. Per the bill, US Congress gave out the reason why stablecoin can be considered as securities: “Digital assets, also known as managed stablecoins, are investment contract and therefore are securities within the meaning given the term in section 2(a) of the Securities Act of 1933,”

Opera integrates new features allowing users to pay in Bitcoin

Along with the new designs, Opera has added crypto wallet into its Android browser. The Opera crypto wallet now supports ETH, BTC and Tron.

You can join us on Telegram for a follow-up of the market throughout the day.

For any question, our team will be happy to answer you on our support which is open 7/7 days. For any information about our subscriptions, please visit our website or contact @butler_4c_bot directly to get all the information you need.

The Art of Arbitrage Cryptocurrency Trading

Did you know that you can manipulate the cryptocurrency markets’ prices and make legal and ethical earning out of it? You can quickly achieve this by taking advantage of the price difference on various platforms and markets. There are dozens of trading strategies in the cryptocurrency industry, which can earn you millions if mastered. One such approach is Arbitrage trading.
The term arbitrage might sound complicated, however, it simply means taking advantage of the price difference of a specific asset in different markets around the world. To help you wrap your head around this, let’s take Bitcoin’s price as an example. 1 BTC might cost $4,000 in the US market on a particular day. At the same time, the price of 1BTC in the Korean market may be $4,100. This price difference introduces a loophole between the two markets.
This is where Arbitrage trading comes in. A trader purchases a bitcoin in the market with low prices, say US markets at a rate of $4,000 and sells it in the market with higher prices, for our case, the Korean exchanges at $4,100. In the process, the trader will make a profit of $100, and the process is repeated.
Unfortunately, things are never as simple as put in the example above. There are very many logistical challenges in place put by companies to limit the loophole. These opportunities are rare and are corrected in a blink of an eye as soon as they appear. Nevertheless, when properly timed and executed, they are a pure gem.
There are two types of Arbitrages opportunities within the cryptosphere. These are inter-exchange and inter-market arbitrage opportunities.

1. Inter-Exchange Arbitrage trading

As the name suggests, these occur between different exchanges in a similar market. There are hundreds of cryptocurrency exchanges worldwide. These exchanges are platforms through which sellers and buyers exchange different cryptocurrency assets.
Each platform list coins on their coin portfolios. The listed assets are traded against each other. ( there are specific base coins, such as bitcoin and Binance, which other currencies are traded against to form trading pairs)
Interexchange arbitrages opportunity develops when different platforms list new coins. Usually, there are price differences of a similar new coin pair on various platforms. This is because coins get listed on different platforms at different times.
Additionally, when coins are listed on more established platforms such as Binance, investors on the platform scramble for it, creating a small shortage on the system hence increased prices. However, the prices of the same pair in other minor platforms that had listed this particular asset will not be affected, therefore creating a price difference between Binance and other platforms. This is a classic example of a listing inter-exchange arbitrage opportunity.
A trader identifies these price differences and buys from the exchange at a lower price and sells on another exchange at a higher cost. You can always compare pairs’ prices using Best Price Explorer from CoinLib.
It is advisable to take into account the trading fees, deposit/withdrawal fees from both platforms, and blockchain network fees before indulging yourself fully in this form of trading. If the trade still bears profit after fee deductions, then it is worth the chase.
Inter-exchange arbitrage has smaller profit margins than inter-markets arbitrage opportunities. Furthermore, the rate of market corrections is high hence shorter windows of opportunity.

2. Inter- Market Arbitrage Opportunities

These depend greatly on the geographical and chronological differences between different markets. As earlier stated, some markets such as the Korean Cryptocurrency Market offers premium bitcoin services (The Kimichi Premium), which pushes the Bitcoin price higher than other global markets.
As the law of arbitrage trading stipulates, you buy in the low priced markets such as the US and sell in the highly-priced markets such as the Korean markets. The Indian market has recently started offering premium services and presents a new untouched field of opportunities.
By this time, you should be wondering why nobody is busy selling this idea in the market. Well, arbitrage trading is not as simple and straightforward as it sounds. Otherwise, every trader would be a millionaire by now.

What are the challenges in arbitrage trading?

1. Cross-country regulations

This is a nightmare for inter-market arbitrage trading. There are many restrictions on non-resident traders. These include withdrawals and deposits, which might require a resident’s bank account. Additionally, some platforms do not admit traders from particular geographical locations in the world; hence, they cannot trade in those markets. Therefore, it is hard to get two platforms from each market through which you can carry your exchanges.

2. Quick Market corrections

Companies monitor any loopholes in the market and their trading systems. Price differences on various platforms are such a loophole, and trading companies take corrective measures minutes after the loop opens. This limits the time one has to execute these trades.
Additional factors, such as international and cross-exchange transaction fees, as well as trading fees, reduce the profit margin significantly.

Conclusion

Cryptocurrency trading is an engaging affair, and one has to be well-versed with all the possible ways of making profits. Arbitrage trading is a rarely explored strategy. However, if you can connect all the dots and overcome all these challenges, then you are sure of making good profits.
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