Digital currencies such as Bitcoin & Ethereum are at the forefront of the digital currency revolution. Blockchain technology and Smart Contracts are the future of currency, storing wealth, moving money around the world, and business interaction. Skeptics are being converted every day due to the growing momentum of this revolutionary market.
Cryptocurrency traders need to learn how financial markets operate so that they can develop investment and income generating strategies that will last a lifetime.
Smart Money is quietly bringing huge amounts of capital into the Cryptocurrency markets. Smart Money are experts at disguising their activities and getting traders to buy high and sell low when it suits their repetitive business model. Retail traders need to learn how these big players operate, track their activity, and trade with them.
The Cryptocurrency market is still in it's infancy. Moving forward there will be unlimited opportunities for experienced traders to profit along with Smart Money who always profit regardless of economic conditions.
2/4/18-Bitcoin fell below $8,000 today. Our original downside target when Bitcoin was at $20,000 was $2,000. Smart Money is dumping the price of Bitcoin so they can buy a huge quantity at a discount. Smart Money buys in stages over time during down moves as the price moves lower and their cost is lower.
2/5/18-Bitcoin continues to slide @ $7,660 this morning with the headlines "Lloyd's Bank Blocks Bitcoin purchases with it's credit cards." Additional headlines are that Ebay will drop Paypal as it's main payment method and potentially adopt Bitcoin. Apparently Ebay is going after the Hodling millenial market.
2/10/18-Volatility has returned to the financial markets. Stock markets around the world have moved to the downside as Smart Money finally turned on their sell side algorithms. The beginning of the move to the downside has finally gotten under way. The "Big Top" is officially a "Work in Progress."
The headlines for Cryptocurrencies has been negative. This common Smart Money tactic will get weakholders to sell into their strong and well capitalized hands. Lower prices would not be unexpected. Smart Money buys as the price is falling.
2/17/18-Bitcoin has moved up to $10,875. Most altcoins have gained some traction as Bitcoin heads up. An unknown trader placed a $400,000,000 buy order in Bitcoin and this has buoyed the market. Ethereum has risen to $975.
2/26/18-Bitcoin is soft at $9,684, Ethereum is at $866. The news for Cryptocurrrencies remains mostly negative and momentum is flat at the moment.
3/17/18-Bitcoin remains under pressure as Smart Money continues it's grip on the downside. An article in Investopedia spelled out the interest hedge funds have in the growing Cryptocurrency space. Approx. 220 hedge funds have popped up in recent years to invest in Cryptos. Government regulators want their fair share of the taxes and fees on Cryptos and hedge funds want their fair share of the profits.
3/24/18-Bitcoin is at $8900 and Ethereum is at $537. Redditt dropping Bitcoin payments and Binance contemplating a move to Malta due to governmental pressures. As more institutional Smart Money investors buy into Cryptos quietly behind the scenes the market will bottom and eventually start to rise.
4/12/18-Bitcoin is at $7800 and Ethereum is at $467. Headines herald the end of the Crypto market along with the continuing involvement of major banks and investment houses coming on board and gearing up for the coming Crypto market expansion.
4/21/18-Bitcoin is at $8751 and Ethereum is at $593. Both Cryptos are still ranging with upside potential. Recent news has the Crypto market heading for a move higher as the negative news has waned in favor of large operators gearing up for their entry into this new market. We believe that Smart Money has been quietly accumulating Cryptos for some time and has been alternately buying and selling in ranges already making a profit.
5/1/18-While the retail crowd waits patiently for a move higher signaling that the next mania wave has begun the pros have taken profits from the last leg up from $6000 waiting for a potential retracement.
5/20/18-Bitcoin dropped to $8360. Continued downward pressure on price. Ethereum is at $715. News continues to signal the end of the Crypto market as Smart Money is accumulating their position without fanfare.
5/27/18-Bitcoin continues to slide to $7321. Ethereum has dropped to $569. The market remains under sell pressure with very little media coverage. Bitcoin is off the radar for the moment.
6/10/18-Bitcoin dropped 11% today down to $6765. Ethereum also dropped 11% to $534. The market remains under sell pressure.
6/12/18-Bitcoin's 10% price drop Sunday was blamed in the news media on hacking into a Crypto exchange among other things. An interesting article claims that the SEC in the USA is hiring a "Crypto Czar" to oversee the Crypto markets. If Bitcoin and the other altcoins are supposedly going away why is the SEC gearing up to oversee this lucrative market? Like anything else the truth of the matter is that the US government is gearing up to get their unfair slice of the Cryptocurrency pie.
6/18/18-An article dated June 11, 2018 in Investopedia stated that Fidelity Investments may open a Cryptocurrency Exchange. Many investment companies were initially very skeptical of the Crypto market but they are now looking to get their share. The article stated that Goldman Sachs recently opened a Bitcoin desk. .
6/22/18-The market capitalization of Cryptos continues to fall. At the same time new Crypto trading platforms are coming online, the SEC in the USA is staffing a Crypto regulation department, and big banks and investment houses are all developing their own Crypto departments. An article today at Investopedia.com showed the 5 ways to short Bitcoin. Apparently Smart Money is up to their old tricks, looking to continue their accumulation of Bitcoin as price falls and the public panics and sells during bad news. A typical buy low accumulation for the Big Boys at the expense of the little guys who bought in the $10k-$20k range and now face the stress of being squeezed out of their positions as the price of Bitcoin continues under pressure.
6/25/18-An article at CCN.com stated that 256 Million new Tethers have entered circulation, which may spark a rally in Bitcoin. Tethers and the US Dollar are on a 1 for 1 basis. The article states that Tether's $4.2 Billion dollar trading volume is second only to Bitcoin. It seems that the Big Boys are gearing up for a move. Only time will tell when the Crypto market will start it's ascent of the upside.
7/1/18-Crypto news continues to be mixed. Some articles herald the coming collapse of the entire Crypto market and some announce the coming rush of institutional money into the space once Smart Money feels more secure. Somewhere in the middle lies the truth. Some Cryptos will collapse and some will take off as Smart Money piles into this easily manipulated but forward looking market. Two days ago Bitcoin, Ethereum, and others popped up 10% in one day. This is a sign of manipulation and not typical order flow on low trading volume. Something is afloat. It appears that someone turned on the Smart Money algorithms.
7/10/18-Recent news continues to highlight the hacking of Crypto exchanges and also presents a mixture of financial analysts calling for the end of Bitcoin but also the rise of the Crypto market. Large financial companies and governments continue to focus on building an infrastructure to trade and regulate Cryptos respectively. Bitcoin has stabilized below $7,000.
7/18/18-The Winklevoss twins have made headline news recently because the SEC in the USA turned down their application for a Bitcoin ETF. They want to be the first to offer an ETF based solely on Bitcoin. There has been extensive talk in the news of ETFs coming online soon. This is one more avenue for investors to add Bitcoin to their portfolios. The Cryptocurrency revolution continues to gain momentum. Bitcoin has moved higher in recent weeks amid the media flareup.
8/9/18-Coinbase announced that they are raising their daily Crypto limits to $25,000. While the skeptics are still calling for an end to Bitcoin, Coinbase continues to grow and dominate the Crypto exchange space. Wouldn't you surmise from their growth that maybe Crypto is here to stay.
8/17/18-Bitcoin is currently at $6500 and Ethereum is at $312. Smart Money is still on a quest to launch a Bitcoin ETF in the USA and capture huge fees from the coming Crypto expansion. So far the SEC has rejected ETF applications several times. Approval for
an ETF is imminent.
8/27/18-Bitcoin is currently at $6729 and Ethereum is at $277. Bloomberg TV announced today that Warren Buffett may be buying into Paytm, a payment system company located in India that has been operating since 2010. It seems like the Crypto trolls have one more thing to explain away as the Crypto revolution steams forward.
9/11/18-Bitcoin is currently at $6308 and Ethereum is at $191. The news continues to flip flop between the end of Bitcoin and it's imminent recovery. Nothing has changed from my perspective. The price keeps ranging and the headlines keep coming but there have been no significant structural changes in the marketplace that I am aware of.
10/9/18-Bitcoin is currently at $6634 and Ethereum is at $228. The recent news continues to be positive for Cryptocurrencies. Governments and big players are gearing up for the Crypto explosion. The market seems to have finally stabilized.
10/22/18-Bitcoin is currently at $6474 and Ethereum is at $204. There is no headline news for Cryptocurrencies. Prices remain stable.
11/12/18-Bitcoin is currently at $6392 and Ethereum is at $211. There is no headline news for Cryptocurrencies and prices remain stable. The market is still in a holding pattern.
11/25/18-Bitcoin has slid downward and is currently at $3801 and Ethereum is at $109. Cryptos are in the news again due to the so called "crash" which is really manipulation by the big players. Our downside target of $2000 from the 2017 high of $20,000 appears to be in play. Be patient and HODL.
12/8/18-Bitcoin is at $3365 and Ethereum is at $88. Our downside target of $2000 from the 2017 high of $20,000 appears to still be in play. Still watching patiently as Crypto exchanges add new coins and governmental regulators around the world take notice. Big financial organizations are adding Crypto departments and ramping up their interest.
12/23/18-Bitcoin has risen to $3,917 and Ethereum is at $125. Most Crypto investors are asking if this is the bottom of the market or is there further downside in the future. The sell off in worldwide stock markets and a big drop in crude oil prices has created an environment of increased volatility and fear in financial markets. The Crypto market continues to chug along as the infrastructure keeps growing.
12/30/18-Bitcoin at $3,803 and Ethereum at $136. Bitcoin futures and ETF's still making news. Crypto exchanges such as Coinbase adding services for institutional investors. Infrastructure continues to build as the negative stock market news and low crude oil prices dominate the headlines.
1/13/19-Bitcoin at $3,604 and Ethereum at $123 still stuck in a range. Slow start in the new year with limited Crypto news. We expect volatility to increase in 2019.
2/9/19-Bitcoin has risen to $3,665, and Ethereum is at $119. The news media claims that the rising prices are a reflection of an increase in Bitcoin futures which have spiked this week. This is the cover story for the accumulation of Bitcoins by big players. This plays out in all markets on a continuous basis.
3/3/19-Bitcoin is at $3,816, and Ethereum is at $132. Bitcoin futures are still a hot topic and Bitcoin ETF's continue to make headlines. New exchanges come online constantly as the infrastructure expands.
3/13/19-Bitcoin is at $3,844, and Ethereum is at $131. Nothing new on the Crypto front. Crypto exchanges continue to open around the world in anticipation of the increased use of cryptos for gaming, online sales, etc.
3/28/19-Bitcoin is at $4,018, and Ethereum is at $138.
5/10/19-Bitcoin is at $6,302, and Ethereum is at $172. The market has moved higher and there is starting to be renewed interest in cryptos. What everyone wants to know "Is the market starting a bull run?". It appears that there is a base under Bitcoin now and the market should move higher. Only time will tell and increased institutional participation will determine the course of this market.
6/2/19-Bitcoin is at $8,778 and Ethereum is at $271. After a recent run to $10,000 Bitcoin has retraced and is looking for the next level of support or resistance. Crypto has faded from headline news. China trade and tariff wars has taken the spotlight.
6/9/19-Bitcoin is at $7,924 and Ethereum is at $244. Crypto market still in a range.
7/14/19-Bitcoin is at $10,774 and Ethereum is at $244. Bitcoin has shown strength in recent weeks. Facebook is in the news with it's own crypto Libra. Brazil rumored to be forming a coffee based crypto. Momentum continues to build in crypto markets.
8/5/19-Bitcoin is at $11,662 and Ethereum is at $233. Bitcoin has been in a range in recent weeks. Momentum continues to build slowly in crypto markets. No big news lately.
8/29/19-Bitcoin is at $9,502 and Ethereum is at $169. Bitcoin has been sliding lower and the market has followed. No big news lately.
9/9/19-Bitcoin rose to $10,325 and Ethereum is at $182. No news lately.
9/9/19-Bitcoin remains soft at $9,996 and Ethereum is at $209. No news lately.
Cryptocurrency traders need to learn how financial markets operate so that they can develop investment and income generating strategies that will last a lifetime.
Smart Money is quietly bringing huge amounts of capital into the Cryptocurrency markets. Smart Money are experts at disguising their activities and getting traders to buy high and sell low when it suits their repetitive business model. Retail traders need to learn how these big players operate, track their activity, and trade with them.
The Cryptocurrency market is still in it's infancy. Moving forward there will be unlimited opportunities for experienced traders to profit along with Smart Money who always profit regardless of economic conditions.
2/4/18-Bitcoin fell below $8,000 today. Our original downside target when Bitcoin was at $20,000 was $2,000. Smart Money is dumping the price of Bitcoin so they can buy a huge quantity at a discount. Smart Money buys in stages over time during down moves as the price moves lower and their cost is lower.
2/5/18-Bitcoin continues to slide @ $7,660 this morning with the headlines "Lloyd's Bank Blocks Bitcoin purchases with it's credit cards." Additional headlines are that Ebay will drop Paypal as it's main payment method and potentially adopt Bitcoin. Apparently Ebay is going after the Hodling millenial market.
2/10/18-Volatility has returned to the financial markets. Stock markets around the world have moved to the downside as Smart Money finally turned on their sell side algorithms. The beginning of the move to the downside has finally gotten under way. The "Big Top" is officially a "Work in Progress."
The headlines for Cryptocurrencies has been negative. This common Smart Money tactic will get weakholders to sell into their strong and well capitalized hands. Lower prices would not be unexpected. Smart Money buys as the price is falling.
2/17/18-Bitcoin has moved up to $10,875. Most altcoins have gained some traction as Bitcoin heads up. An unknown trader placed a $400,000,000 buy order in Bitcoin and this has buoyed the market. Ethereum has risen to $975.
2/26/18-Bitcoin is soft at $9,684, Ethereum is at $866. The news for Cryptocurrrencies remains mostly negative and momentum is flat at the moment.
3/17/18-Bitcoin remains under pressure as Smart Money continues it's grip on the downside. An article in Investopedia spelled out the interest hedge funds have in the growing Cryptocurrency space. Approx. 220 hedge funds have popped up in recent years to invest in Cryptos. Government regulators want their fair share of the taxes and fees on Cryptos and hedge funds want their fair share of the profits.
3/24/18-Bitcoin is at $8900 and Ethereum is at $537. Redditt dropping Bitcoin payments and Binance contemplating a move to Malta due to governmental pressures. As more institutional Smart Money investors buy into Cryptos quietly behind the scenes the market will bottom and eventually start to rise.
4/12/18-Bitcoin is at $7800 and Ethereum is at $467. Headines herald the end of the Crypto market along with the continuing involvement of major banks and investment houses coming on board and gearing up for the coming Crypto market expansion.
4/21/18-Bitcoin is at $8751 and Ethereum is at $593. Both Cryptos are still ranging with upside potential. Recent news has the Crypto market heading for a move higher as the negative news has waned in favor of large operators gearing up for their entry into this new market. We believe that Smart Money has been quietly accumulating Cryptos for some time and has been alternately buying and selling in ranges already making a profit.
5/1/18-While the retail crowd waits patiently for a move higher signaling that the next mania wave has begun the pros have taken profits from the last leg up from $6000 waiting for a potential retracement.
5/20/18-Bitcoin dropped to $8360. Continued downward pressure on price. Ethereum is at $715. News continues to signal the end of the Crypto market as Smart Money is accumulating their position without fanfare.
5/27/18-Bitcoin continues to slide to $7321. Ethereum has dropped to $569. The market remains under sell pressure with very little media coverage. Bitcoin is off the radar for the moment.
6/10/18-Bitcoin dropped 11% today down to $6765. Ethereum also dropped 11% to $534. The market remains under sell pressure.
6/12/18-Bitcoin's 10% price drop Sunday was blamed in the news media on hacking into a Crypto exchange among other things. An interesting article claims that the SEC in the USA is hiring a "Crypto Czar" to oversee the Crypto markets. If Bitcoin and the other altcoins are supposedly going away why is the SEC gearing up to oversee this lucrative market? Like anything else the truth of the matter is that the US government is gearing up to get their unfair slice of the Cryptocurrency pie.
6/18/18-An article dated June 11, 2018 in Investopedia stated that Fidelity Investments may open a Cryptocurrency Exchange. Many investment companies were initially very skeptical of the Crypto market but they are now looking to get their share. The article stated that Goldman Sachs recently opened a Bitcoin desk. .
6/22/18-The market capitalization of Cryptos continues to fall. At the same time new Crypto trading platforms are coming online, the SEC in the USA is staffing a Crypto regulation department, and big banks and investment houses are all developing their own Crypto departments. An article today at Investopedia.com showed the 5 ways to short Bitcoin. Apparently Smart Money is up to their old tricks, looking to continue their accumulation of Bitcoin as price falls and the public panics and sells during bad news. A typical buy low accumulation for the Big Boys at the expense of the little guys who bought in the $10k-$20k range and now face the stress of being squeezed out of their positions as the price of Bitcoin continues under pressure.
6/25/18-An article at CCN.com stated that 256 Million new Tethers have entered circulation, which may spark a rally in Bitcoin. Tethers and the US Dollar are on a 1 for 1 basis. The article states that Tether's $4.2 Billion dollar trading volume is second only to Bitcoin. It seems that the Big Boys are gearing up for a move. Only time will tell when the Crypto market will start it's ascent of the upside.
7/1/18-Crypto news continues to be mixed. Some articles herald the coming collapse of the entire Crypto market and some announce the coming rush of institutional money into the space once Smart Money feels more secure. Somewhere in the middle lies the truth. Some Cryptos will collapse and some will take off as Smart Money piles into this easily manipulated but forward looking market. Two days ago Bitcoin, Ethereum, and others popped up 10% in one day. This is a sign of manipulation and not typical order flow on low trading volume. Something is afloat. It appears that someone turned on the Smart Money algorithms.
7/10/18-Recent news continues to highlight the hacking of Crypto exchanges and also presents a mixture of financial analysts calling for the end of Bitcoin but also the rise of the Crypto market. Large financial companies and governments continue to focus on building an infrastructure to trade and regulate Cryptos respectively. Bitcoin has stabilized below $7,000.
7/18/18-The Winklevoss twins have made headline news recently because the SEC in the USA turned down their application for a Bitcoin ETF. They want to be the first to offer an ETF based solely on Bitcoin. There has been extensive talk in the news of ETFs coming online soon. This is one more avenue for investors to add Bitcoin to their portfolios. The Cryptocurrency revolution continues to gain momentum. Bitcoin has moved higher in recent weeks amid the media flareup.
8/9/18-Coinbase announced that they are raising their daily Crypto limits to $25,000. While the skeptics are still calling for an end to Bitcoin, Coinbase continues to grow and dominate the Crypto exchange space. Wouldn't you surmise from their growth that maybe Crypto is here to stay.
8/17/18-Bitcoin is currently at $6500 and Ethereum is at $312. Smart Money is still on a quest to launch a Bitcoin ETF in the USA and capture huge fees from the coming Crypto expansion. So far the SEC has rejected ETF applications several times. Approval for
an ETF is imminent.
8/27/18-Bitcoin is currently at $6729 and Ethereum is at $277. Bloomberg TV announced today that Warren Buffett may be buying into Paytm, a payment system company located in India that has been operating since 2010. It seems like the Crypto trolls have one more thing to explain away as the Crypto revolution steams forward.
9/11/18-Bitcoin is currently at $6308 and Ethereum is at $191. The news continues to flip flop between the end of Bitcoin and it's imminent recovery. Nothing has changed from my perspective. The price keeps ranging and the headlines keep coming but there have been no significant structural changes in the marketplace that I am aware of.
10/9/18-Bitcoin is currently at $6634 and Ethereum is at $228. The recent news continues to be positive for Cryptocurrencies. Governments and big players are gearing up for the Crypto explosion. The market seems to have finally stabilized.
10/22/18-Bitcoin is currently at $6474 and Ethereum is at $204. There is no headline news for Cryptocurrencies. Prices remain stable.
11/12/18-Bitcoin is currently at $6392 and Ethereum is at $211. There is no headline news for Cryptocurrencies and prices remain stable. The market is still in a holding pattern.
11/25/18-Bitcoin has slid downward and is currently at $3801 and Ethereum is at $109. Cryptos are in the news again due to the so called "crash" which is really manipulation by the big players. Our downside target of $2000 from the 2017 high of $20,000 appears to be in play. Be patient and HODL.
12/8/18-Bitcoin is at $3365 and Ethereum is at $88. Our downside target of $2000 from the 2017 high of $20,000 appears to still be in play. Still watching patiently as Crypto exchanges add new coins and governmental regulators around the world take notice. Big financial organizations are adding Crypto departments and ramping up their interest.
12/23/18-Bitcoin has risen to $3,917 and Ethereum is at $125. Most Crypto investors are asking if this is the bottom of the market or is there further downside in the future. The sell off in worldwide stock markets and a big drop in crude oil prices has created an environment of increased volatility and fear in financial markets. The Crypto market continues to chug along as the infrastructure keeps growing.
12/30/18-Bitcoin at $3,803 and Ethereum at $136. Bitcoin futures and ETF's still making news. Crypto exchanges such as Coinbase adding services for institutional investors. Infrastructure continues to build as the negative stock market news and low crude oil prices dominate the headlines.
1/13/19-Bitcoin at $3,604 and Ethereum at $123 still stuck in a range. Slow start in the new year with limited Crypto news. We expect volatility to increase in 2019.
2/9/19-Bitcoin has risen to $3,665, and Ethereum is at $119. The news media claims that the rising prices are a reflection of an increase in Bitcoin futures which have spiked this week. This is the cover story for the accumulation of Bitcoins by big players. This plays out in all markets on a continuous basis.
3/3/19-Bitcoin is at $3,816, and Ethereum is at $132. Bitcoin futures are still a hot topic and Bitcoin ETF's continue to make headlines. New exchanges come online constantly as the infrastructure expands.
3/13/19-Bitcoin is at $3,844, and Ethereum is at $131. Nothing new on the Crypto front. Crypto exchanges continue to open around the world in anticipation of the increased use of cryptos for gaming, online sales, etc.
3/28/19-Bitcoin is at $4,018, and Ethereum is at $138.
5/10/19-Bitcoin is at $6,302, and Ethereum is at $172. The market has moved higher and there is starting to be renewed interest in cryptos. What everyone wants to know "Is the market starting a bull run?". It appears that there is a base under Bitcoin now and the market should move higher. Only time will tell and increased institutional participation will determine the course of this market.
6/2/19-Bitcoin is at $8,778 and Ethereum is at $271. After a recent run to $10,000 Bitcoin has retraced and is looking for the next level of support or resistance. Crypto has faded from headline news. China trade and tariff wars has taken the spotlight.
6/9/19-Bitcoin is at $7,924 and Ethereum is at $244. Crypto market still in a range.
7/14/19-Bitcoin is at $10,774 and Ethereum is at $244. Bitcoin has shown strength in recent weeks. Facebook is in the news with it's own crypto Libra. Brazil rumored to be forming a coffee based crypto. Momentum continues to build in crypto markets.
8/5/19-Bitcoin is at $11,662 and Ethereum is at $233. Bitcoin has been in a range in recent weeks. Momentum continues to build slowly in crypto markets. No big news lately.
8/29/19-Bitcoin is at $9,502 and Ethereum is at $169. Bitcoin has been sliding lower and the market has followed. No big news lately.
9/9/19-Bitcoin rose to $10,325 and Ethereum is at $182. No news lately.
9/9/19-Bitcoin remains soft at $9,996 and Ethereum is at $209. No news lately.