The Assets (Page 9)

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Digital Assets Report 39

Digital Assets Report 39

Business China’s top regulators ban crypto trading and mining, sending bitcoin tumbling China’s most powerful regulators on Friday intensified a crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining, hitting bitcoin and other major coins and pressuring crypto and blockchain-related stocks.ReutersAlun John [https:

Crypto Charts 39

Crypto Charts 39

Bitcoin Bitcoin Bearish Short Term ChartLast time we sold at 43'330 and started to ‘to buy around the 40'800 level followed by 38'000 expecting to see a low anytime for Bitcoin before the next what should be an impulsive move higher in wave 3’

Digital Assets Report 38

Digital Assets Report 38

Business Fantasy soccer NFT platform Sorare scores $680 million raise led by SoftBank Sorare, a soccer-focused NFT trading platform, has announced a $680 million Series B fundraise led by SoftBank.The BlockRyan Weeks [https://www.theblockcrypto.com/post/118094/fantasy-soccer-nft-sorare-scores-680-million-raise-softbank?utm_source=rss&utm_medium=rss] China’s Digital

Crypto Charts 38

Crypto Charts 38

Bitcoin Bitcoin Bullish Long Term ChartLast time out 2 weeks ago I said ‘I believe we are tracing out a wave 2 correction which could see a sell off in the form of a zigzag to around the 45'000 level. If we fail to break 46'400,

$3.5 Billion Liquidated in September Flash Crash

Market Analysis Featured

$3.5 Billion Liquidated in September Flash Crash

What Happened The Bitcoin market experienced a high volaitility sell-off on the 7th of September, which caused 330'243 traders to be liquidated in 24 hours for a total $3.54 billion. The main driver of the sell-off was the flushing out of excessive leverage in futures markets. After

Digital Assets Report 37

Digital Assets Report 37

Business Alan Howard-Backed 10T Raises $750 Million for Debut Crypto FundPrivate equity firm 10T Holdings raised $750 million for its first fund to pursue investments in fast-growing cryptocurrency companies.BloombergMelissa Karsh [https://www.bloomberg.com/news/articles/2021-09-08/alan-howard-backed-10t-raises-750-million-for-debut-crypto-fund?sref=JibC6I2E] Hedge fund Brevan Howard enters the crypto space with

Crypto Charts 36

Chart Analysis Featured

Crypto Charts 36

Bitcoin Bitcoin Bullish Long Term ChartI am showing the longer term chart here that shows the wave count off the summer lows. The latest push is the final wave up to complete Wave 1 of the longer term rally towards the top of the channel. We will look at the

The Digital Assets Report 36

Newsletters Featured

The Digital Assets Report 36

Business > Esta es la portada de #DiarioElSalvador [https://twitter.com/hashtag/DiarioElSalvador?src=hash&ref_src=twsrc%5Etfw] de este martes 07 de septiembre del 2021. ¡Día Histórico! Toda la información en https://t.co/mDLrsjBVn4. #DiarioES [https://twitter.com/hashtag/DiarioES?src=hash&ref_src=twsrc%

The Digital Assets Report 35

Newsletters Featured

The Digital Assets Report 35

Business FTX.US acquires Bitcoin derivatives platform LedgerXFTX .US’ owner West Realm Shire Services has executed a sale and purchase agreement to acquire LedgerX’s parent company Ledger Holdings.CointelegraphHelen Partz [https://cointelegraph.com/news/ftx-us-acquires-bitcoin-derivatives-platform-ledgerx] Visa Buys NFT of Digital Avatar With Mohawk for $150,000The payments network shelled

Crypto Charts 35

Chart Analysis Featured

Crypto Charts 35

Bitcoin Bitcoin Bullish Short Term ChartI have relabeled the chart to show the completion of the first wave up from the July lows. I believe we are tracing out a wave 2 correction which could see a sell off in the form of a zigzag to around the 45'

Crypto Charts 33

bitcoin short term chartThe break of the 47k level has confirmed the bullish view and as such we will look for any retracement to get long for what should be 5 waves up through to year end. A break of 43854 will signal that a larger wave (ii) correction is

The Digital Assets Report 29

The Digital Assets Report 29

BUSINESS Uniswap Labs cuts off access to certain tokens through its interfaceUniswap’s official front-end succumbs to regulatory pressure, cutting a range of synthetic token offerings.The BlockKollen Post [https://www.theblockcrypto.com/linked/112399/uniswap-labs-culls-synthetic-stock-and-derivatives-citing-evolving-regulatory-landscape?utm_source=newsletter&utm_medium=email&utm_campaign=2021-07-25] DeFi attracts 2.

The Digital Assets Report 28

The Digital Assets Report 28

What happened last week ? * Tether FUD intensified by DOJ pressure on Tether executives * Amazon fake news have pushed the market up before correcting * Kazakhstan allow bank Accounts for Cryptocurrency and extend their cryptomining friendly policy * Goldman Sachs’ blockchain, DeFi ETF is not related to any DeFi services but to public

Crypto Charts 28

Crypto Charts 28

Bitcoin bearish long term chartLast time we mentioned > ‘A break of 28950 should see an acceleration to the downside . Failure to break there and a move back above 31895 would signal that a larger triangle correction is playing out with a test of the 35750 / 36510 area.’ Since my

The Digital Assets Report 28

The Digital Assets Report 28

What happened last week ? * ShapeShift Decentralizes with FOX Airdrop * FBI Warns Americans about Crypto * Square Builds New DeFi Business Focusing on Bitcoin * Fidelity Digital to Expand Crypto Staff by 70% * SpaceX owns Bitcoin, Elon Musk and Nic Carter believe BTC is becoming greener * Mining migration from China to Russia, US,

Crypto Charts 27

Crypto Charts 27

Bitcoin short term chartWe fell just short of the 36715 target to the topside , stopping at 36000 before the sell off we were expecting continued. Look to sell on rallies with initial targets to the downside around the 26400 level. A break of 28950 should see an acceleration to the

The Digital Assets Report 27

The Digital Assets Report 27

What happened last week ? * Soros Fund Management CIO Dawn Fitzpatrick has authorized the trading of Bitcoin * Point72, the $22B hedge fund of Steve Cohen, has also intimated throughout this year that it planned to get more involved * Concern as Uniswap-backed 'DeFi Education Fund' dumps $10M worth of UNI

The Digital Assets report 26

The Digital Assets report 26

What happened last week ? * Germany Opens Floodgates to Bitcoin Investing * SoftBank invest 200M in Mercado Bitcoin * Andreessen Horowitz launches a $2.2 billion crypto fund * Swarm Markets claims "the world’s first" regulated DeFi platform * $3.6Bn in Crypto Missing from Africrypt Exchange * El Salvador’s Resident Are

Crypto Charts 21

bitcoin BEARISH short term chartLast week we expected a sell off as we said we > would look for lower targets now towards the 20k level.’ Last weeks bullish view is coming under pressure as we trade just 700 pips away from the 30930 which must hold to remain plausible.

Crypto Charts 20

bitcoin BEARISH short term chartLast week we expected a sell off > ‘and an acceleration on a break of the 30000 level with initial target at 27000. Whilst we remain below yesterdays high at 36700 we will look for opportunities to buy lower.’ We failed to trade below 30000 and

Crypto Charts 18

bitcoin short term chartLast time we were considering 2 different scenarios and so far on a purely technical basis both views remain valid. Again I will wait for a confirmation to buy Bitcoin with a close above the resistance line (currently at 39100) . I would then add on a close

Crypto Charts 19

bitcoin BEARISH short term chartLast week we said > ‘The triangle pattern appears complete and if that is the case look for a close below 33900 the bottom of the triangle with a confirmation on a break of the wave D low at 33400.’ This morning we have completed all

Crypto Charts 17

bitcoin short term chartLast time we were correct when we said > ‘I think we will see a final push below 40000 toward the 35/38000 area is the cryptos often end with a wave 4 triangle followed by an impulsive push out of the triangle at least the depth

Crypto Charts 16

bitcoin short term chartLast time we said > ‘So remain long and add on dips with stops below 47100.’ Looking at the chart we are testing the bottom of the channel in what could be counted as 5 waves down and then end of wave iv. However I would look

Crypto Charts 15

bitcoin short term chartLast time we said ‘We are currently retracing in a wave b that should take us into the 54400/ 53000 area where we would look to buy with stops below 47100.’ We traded down to 52955 with wave b stopping exactly in our area. Remain long whist