Bitcoin price has now spent a total of nine days in a short-term uptrend that completes a rebound to the 2021 highs. The sequence of mostly green candles has now triggered and perfected a TD 9 sales setup on the daily timeframe.

However, the signal has repeatedly failed to produce results since the start of the more dominant uptrend in the high time frame. Is it different this time?

Or is this another bear trap embedded in a bull flag that could propel Immediate Bitcoin above $ 75,000 per coin? What does technical analysis say about it?

TD 9 sell setup perfected: bear trap or bull on guard?

Bitcoin is back near $ 40,000 and the highs it was traded earlier in the year, but the bulls still have hurdles to overcome before they can move to new highs. Sellers stepped on the scene for the first time since Black Thursday and caused a pit stop to consolidate.

However, even at these prices, there is a massive number of investors buying Bitcoin.

The leading cryptocurrency by market capitalization was able to complete a run for the top of the trading range, but has so far been held back by the resistance of $ 38,000. As BTC struggles with the resistance, not only has a TD 9 sell setup triggered, but the signal is now perfected too.

TD 9 sales setup triggers at the top of the bull flag channel | Source: BTCUSDT on TradingView.com
The TD Sequential indicator developed by Thomas Demark is used to time market tops and bottoms. It has worked like a charm for years at spotting trend reversals in cryptocurrencies. Traders who have since relied on the tool could take a short position based on the perfected setup.

Bitcoin bulls target $ 75,000 if the channel breaks out

The theory behind the tool is that after a sequence of price increases, the trend should approach a point of exhaustion and be near a point where a trend reversal is likely.

The problem for those who are bearish on Bitcoin or take short positions based on the indicator is that it has failed repeatedly since the $ 10,000 breakout and the only setup that has been „perfected“ is a bear trap.

The TD 9 sales setup appears at the top of a bull flag structure. If it’s valid and the pattern is confirmed with an upward breakout, the potential target could see the price per BTC soar up to $ 75,000 within weeks.

If the sell setup is in place instead, a fall to the bottom of the bull flag channel and a return to the lows of the area is possible.

Will the bears fall into the trap or will the trend change for now?

Putins modstander modtog 3,7 bitcoin i den sidste uge og tredoblede det beløb, der blev rejst i de første to uger i 2021.

Fristelsen mellem Ruslands præsident Vladimir Putin og hans vigtigste modstander, Alexey Navalny, steg til et nyt niveau i sidste uge – og det samme gjorde bitcoin-donationer til dissidenten.

Navalny, en russisk politiker og vokal kritiker af Putin, er også en vellykket bitcoin fundraiser i Rusland og modtager 657 BTC i donationer i løbet af de sidste fem år. Donationstempoet accelererede i sidste uge, efter at Navalny blev arresteret i Moskva, og hans team offentliggjorde en undersøgelsesrapport, der beskriver en overdådig, luksuriøs 168 hektar stor ejendom med et palads, der formodentlig tilhører Putin.

Bitcoin-donationer er ikke udbredte i Rusland, hvor kun en håndfuld nonprofits skaffer penge i krypto. Blandt dem ser Navalnys fundraising-kampagne ud til at være den mest effektive, men selv i så fald tegner bitcoin sig for ikke mere end 10% til 15% af alle donationer.

I ugen efter Navalnys anholdelse modtog hans tegnebog næsten 3,7 BTC, til en værdi af omkring $ 119.600 ved pressetid, hvilket er næsten tre gange så meget som i de første to uger i januar. Det er også meget mere end mængden af ​​donationer, som tegnebogen modtog i løbet af hele året 2020, beregnet Crypto News Outlet Protos.

”Både bitcoin- og fiat-donationer spidsede efter frigivelsen af ​​efterforskningen og [Navalnys] arrestation, og andelen af ​​bitcoin voksede lidt på grund af et par [af] store donationer,” sagde Leonid Volkov, der koordinerer arbejdet i Navalnys frivillige netværk på tværs af Rusland.

En af disse større donationer, ifølge Volkov, af en fuld bitcoin kom fra Evgeny Chichvarkin, en russisk millionær i eksil og Navalnys ven. Chichvarkin havde ikke returneret CoinDesk-anmodninger om kommentar inden pressetid. Titusinder af russere er gået ud på gaden for at protestere mod Navalnys anholdelse i det, der er blevet det største protestmøde i landet i næsten et årti. Over 3.000 mennesker er blevet tilbageholdt fra lørdag januar. 23.

I henhold til gældende russisk lov skal alle gademøder sanktioneres af myndighederne; som et resultat er næsten ingen nogensinde godkendt. I de senere år blev en række demonstranter tilbageholdt og fængslet for at have gennemført fredelige protester, hvilket afskrækkede mange russere fra at deltage i sådanne aktiviteter indtil januar. 23 stævner.

Hård hjemkomst

Støtten til Navalny såvel som den offentlige vrede over hans behandling af de russiske myndigheder er steget, siden han kom tilbage fra Tyskland, hvor han tilbragte flere måneder på at komme sig efter at være blevet forgiftet med et militært nerveagent, Novichok.

Kort efter at han vågnede fra en medicinsk induceret koma i Charite-klinikken i Berlin, offentliggjorde Navalnys team sammen med Bellingcat og CNN en undersøgelse med navngivning af Ruslands FSB (hemmelige service) officerer, der angiveligt arrangerede forgiftningen.

Navalny meddelte også, at han ville vende tilbage til Rusland efter hans opsving. Ruslands fængselsovervågningsagentur krævede derefter, at Navalnys prøveløsladelse blev ophævet, og at han blev sendt i fængsel på en straffesag fra 2015, som blev omstødt af Den Europæiske Menneskerettighedsdomstol i 2017.

På sin rejse tilbage til Moskva blev Navalny efterfulgt af flere nyhedsudsendelser, der sendte sin rejse minut for minut, da flyet forlod Berlin og ledede til Moskva søndag jan. 17. Efter landing i Sheremetyevo lufthavn kom Navalny til paskontrolområdet og blev arresteret der. Efter en retsmøde arrangeret inde i en politistation uden uafhængige journalister tilladt, opfordrede Navalny til gadeprotester.

Navalny blev idømt 30 dages fængsel. Volkov meddelte, at nye protestmøder vil blive afholdt den 1. januar. 31. og feb. 2.

Crypto.com has reviewed the cryptocurrency highlights of 2020 in its annual market review. Most interesting is what the Bitcoin and Ethereum forecast is for this year.

The report also makes some predictions regarding cryptocurrency trends in 2021, most interestingly what conclusion the analysis came to regarding the development of leading cryptocurrencies Bitcoin Billionaire and Ethereum.

Bitcoin is still in the midst of growth

According to Crypto.com’s annual report, the cryptocurrency market is still in its infancy. It was noted that there are only about 73 million crypto users worldwide. This represents just 1% of the world’s population.

World map for crypto adoption in early 2021.

Although Bitcoin and the entire crypto market has grown rapidly, reaching $1 trillion in capitalization last year, the size of the market is still tiny compared to traditional financial markets. For example, pension fund assets in 37 OECD countries alone total $32 trillion, dwarfing the total market capitalization of cryptocurrencies.

The report suggests that investors should expect continued inflows from new market entrants and institutional investors. One of the strongest indicators of rising institutional adoption in 2021 will be the growth of Bitcoin’s options market, which should appeal to traditional finance. For example, at the end of December 2020, Bitcoin options open interest already reached a whopping $6.2 billion.

Aggregate open interest in bitcoin options

Ethereum and DeFi Forecast

Crypto.com also analyzed Ethereum in more detail. The company’s report predicts that the growth of decentralized finance (DeFi) will continue in 2021. Moreover, the company expects DeFi projects that are easy to invest in, such as aggregators and decentralized asset managers, to gain popularity.

Graph on the development of assets in DeFi

On the negative side, the report highlights the fact that Ethereum is „in dire need of scalability improvement.“ Layer 2 solutions such as Plasma, Sidechains, ZK rollups, and Optimistic rollups are already underway. Nonetheless, the company predicts that some applications will migrate to competing blockchains for greater efficiency.

Crypto.com additionally noted that Ethereum should also see a continued upswing in non-fungible token (NFT) trading. Specifically, with digital artwork and crypto collectibles.

Argentine crypto firm Ripio has acquired Brazil’s second largest crypto exchange called BitcoinTrade.

Ripio, a digital asset firm from Argentina, has bought BitcoinTrade, a major Brazilian crypto exchange.

According to Argentine newspaper Ambito, the acquisition Bitcoin Trader came as part of Ripio’s plan to expand in South America. BitcoinTrade is the country’s second largest crypto exchange by volume.

Sebastián Serrano, Ripio’s CEO and co-founder, said they acquired it to „expand access to the world of digital assets“ in the region.

„We are convinced that Ripio is the best company to continue on the path we have started with BitcoinTrade in Brazil,“ BitcoinTrade founder Carlos Andre Montenegro said.

Ripio was founded in 2013 and claims to be one of the largest crypto exchanges in South America. It has employees in Argentina, Brazil, Mexico, Uruguay and Spain. The company launched a crypto trading platform with over-the-counter services in 2019 and became one of the World Economic Forum’s tech pioneers last year.

In November, an Argentine lawmaker proposed creating a national framework for crypto in Argentina. The bill aims to address the problem with the „very arbitrary rules“ that govern Argentina’s crypto ecosystem.

Het lijkt erop dat Bitcoin in feeststemming is. Op zaterdag (2 januari) ging Bitcoin, volgens gegevens van TradingView, minder dan zeven uur na het doorbreken van het $ 30K-niveau op Coinbase door het prijsniveau van $ 31.000, $ 32.000 en $ 33,00 als een heet mes door boter.

Momenteel (vanaf 17:24 UTC op 2 januari) wordt Bitcoin verhandeld voor $ 32.467, een stijging van 10,57% in de afgelopen 24 uur en een stijging van 12,24% in 2021

Volgens gegevens van CryptoCompare is de marktkapitalisatie van Bitcoin momenteel ongeveer $ 603 miljard.

Hier zijn een paar interessante Bitcoin-statistieken door crypto- analysebedrijf IntoTheBlock :

John Todaro, Head of Research bij TradeBlock, zegt dat retail FOMO nog niet eens is begonnen:

Een van de vele crypto-analisten die moeite hebben om de krankzinnige prijsactie van vandaag bij te houden, is Michaël van de Poppe:

Scott Melker, een cryptohandelaar bij Texas West Capital, zegt dat het voortdurende vertoon van kracht van Bitcoin laat zien dat institutionele beleggers die de afgelopen maanden Bitcoin hebben gekocht niet gemakkelijk zullen worden losgekoppeld van hun BTC-bezit omdat ze er voor de lange termijn in zitten (in tegenstelling tot particuliere beleggers die in 2018 Bitcoin met te veel hefboomwerking kochten).

En aangezien Bitcoin op zondag (3 januari) zijn 12e verjaardag viert (dwz de verjaardag van de mijnbouw van het genesisblok), lijkt het niet onredelijk om te verwachten dat de sterke rally van Bitcoin wordt verlengd.

Dave Portnoy, creator of sports media platform Barstool Sports, launched The Barstool Fund to support small businesses in the U.S. in the face of a coronavirus pandemic. In just a few days, he raised more than $1 million from cryptocurrency supporters.

Portnoy announced the launch of The Barstool Fund on Dec. 17, but until Dec. 24, donations could only be made in fiat.

Dave Portnoy actively promotes the initiative on Twitter, one of the most popular communication platforms for cryptocurrency followers.

On Christmas Eve, the foundation began accepting bitcoin, and in just a few days, donations from the bitcoin community, including fiat transfers, topped $1 million. Among those who supported the initiative were Gemini exchange founders the Winklevoss brothers and Morgan Creek partner Anthony Pompliano.

On Dec. 25, Portnoy reported that of the $750,000 that cryptocurrency supporters had donated by then, $100,000 had come in bitcoin.

He also called on the bitcoin community to more actively support the initiative, and his words were heard. In the next 36 hours, cryptocurrency proceeds topped $500,000, Alex Wilson, co-founder of tech support platform The Giving Block, told Decrypt.

„It’s a great initiative, and it’s hard to find a better cause for charity. Small businesses are the backbone of this country, and they’re trying to keep the American dream alive. But at a time when they needed support the most, politicians abandoned them,“ said Anthony Pompliano.

Since launching the initiative, the foundation has raised more than $7.1 million, providing financial assistance to many struggling businesses across the country, including caterers, dry cleaners, beauty salons and more.

Recall that earlier this year Dave Portnoy invested more than $1 million in bitcoin and several altcoins, but suffered losses on the market drawdown and excluded cryptocurrencies from his portfolio.

Bitcoin est sur la bonne voie pour sa plus longue séquence de victoires mensuelles depuis plus d’un an après avoir atteint un record de plus de 28000 $ ce week-end.

La plus grande crypto-monnaie a atteint un sommet historique de 28365 dollars dimanche avant de réduire une partie de l’avance, selon un composite de prix compilé par Bloomberg. La série de rendements démesurés en octobre, novembre et décembre jusqu’à présent est la plus longue du genre depuis la mi-2019.

«J’ai le sentiment que nous sommes très proches d’un sommet – nous pourrions cependant atteindre 30 000 $», a déclaré Vijay Ayyar, responsable du développement commercial de l’échange crypto Luno à Singapour. «Nous devrions certainement voir un recul, mais l’ampleur est probablement moindre. Nous pourrions ne voir que des baisses de 10 à 15%. »

Cela a été une année difficile à tous points de vue. Mais pour Bitcoin, 2020 a été une période merveilleuse

La crypto-monnaie a presque quadruplé, dépassant 20000 dollars pour la première fois alors qu’elle atteignait record après record. Les purs et durs l’ont applaudie comme une couverture contre l’inflation à une époque de largesses sans précédent de la banque centrale. Les vétérans de Wall Street, de Paul Tudor Jones à Stanley Druckenmiller, l’ont béni comme un atout alternatif, ajoutant au rallye. Et des entreprises comme MicroStrategy et Square ont transféré leurs réserves de liquidités dans la cryptographie à la recherche de meilleurs rendements que les taux d’intérêt proches de zéro.

Bien qu’aucune de ces raisons d’acheter Bitcoin ne corresponde à ses origines comme alternative aux monnaies fiduciaires, elles indiquent une acceptation croissante de la crypto en tant que classe d’actifs à part entière. Et cela a la communauté de fanatiques prenant encore un autre tour de victoire dans leur quête de légitimité. «Ce qui se passe maintenant – et cela se passe plus vite que quiconque ne pourrait l’imaginer – c’est que Bitcoin passe d’un actif ésotérique marginal au courant dominant», a déclaré Matt Hougan, directeur des investissements de Bitwise Asset Management.

«Si cela se généralise, il y a tellement d’argent en marge qui va devoir entrer et établir une position qui me laisse très optimiste pour 2021.»

Mais avec Bitcoin captant une plus grande attention, il pourrait également susciter un examen plus approfondi de la part des régulateurs, a déclaré Guy Hirsch, directeur général pour les États-Unis de la plateforme de trading en ligne eToro. «Malgré cette ascension fulgurante, il y a quelques nuages ​​d’orage à l’horizon», a-t-il dit, y compris les retombées de plusieurs actions de dernière minute de l’administration Trump sortante, entre autres.

Prédire où cela ira est un exercice difficile. Beaucoup ont laissé la pièce pour morte après que son rassemblement de 2017 ait entraîné un accident l’année suivante, une période parfois appelée «hiver crypto».

Mais il a bondi de plus de 300% en 2020 et de nombreux investisseurs disent qu’il pourrait continuer à gagner l’année prochaine. Qu’y a-t-il d’autre sur le radar? Pour Meltem Demirors, directeur de la stratégie chez CoinShares, le gestionnaire d’actifs numériques, il y a des inquiétudes quant à ce que l’administration entrante de Joe Biden pourrait signifier pour l’espace crypto.

À l’avenir, de nombreux stratèges et investisseurs affirment que le secteur pourrait bénéficier d’un examen plus minutieux et d’une réglementation plus stricte avec Biden à la Maison Blanche.

2020’s kryptomarked er meget forskellig fra det, der var tilbage i 2017.

Selvom det har ændret sig meget i de efterfølgende år, er der stadig to konstanter – Bitcoin og Ethereum. Faktisk bevarer de to kryptokurver fortsat markedets to øverste positioner.

Den konstante omskiftning af pakken fremmer spørgsmålet – Hvordan ser markedet ud næste år? Hvilke kryptoer rammer endelig jackpotten? Hvilke kryptoer går glip af? En hel del handlende og analytikere ser ud til at gætte, inklusive den fremtrædende investor Arthur, der for nylig delte en liste over kryptoer, som han forventer vil være i top 10 inden udgangen af ​​2021.

Her er min liste over top 10 krypto ved udgangen af ​​2021 eksklusive stablecoins:

• 1. BTC
• 2. ETH
• 3. DOT
• 4. LINK
• 5. BNB
• 6. UNI
• 7. AAVE
• 8. SNX
• 9. YFI
• 10. FTX

– Arthur (@ Arthur_0x) 16. november 2020

Dette er en interessant liste, da den afskediger muligheden for, at ældre kryptokurver som EOS og Monero endelig gør det til top-10, en forudsigelse, som hvis det skulle komme til at fungere, ville medføre spørgsmålet – hvorfor?

Eksklusive stablecoins (Da de tjener et andet formål på kryptomarkedet), kommer væksten af ​​disse kryptokurver hovedsageligt ned til samfundet, der følger efter disse individuelle projekter. Det samme blev fremhævet af Galaxy Digital’s Mike Novogratz, da han i et nylig interview kommenterede,

„Mange mindre kryptoer har ikke disse samfund.“

Bitcoin har utvivlsomt det største antal, men hvad der er interessant er det faktum, at det har fanget meget af sin værdi for sent, efter at store institutionelle investorer indtog betydelige positioner i det, hvilket mere eller mindre bekræftede værdibeskrivelsen.

Et eksempel på et altcoin, der ikke har et stort samfund af ikke særlig særlige grunde, er måske Dogecoin. I dag er Dogecoin værd hundreder af millioner af dollars, angiveligt på grund af denne samfundsopbakning. Ifølge Novogratz kan små samfund, der ikke har store minedriftsomkostninger, beholde værdien i deres mønt på denne måde.

Det betyder dog ikke, at Novogratz er en, der er for optimistisk med hensyn til disse alts formuer. Han tilføjede,

„Jeg kan ikke se nogen af ​​dem vokse, jeg ser dem alle langsomt krympe ned.“

I stedet sagde Galaxy Digital-direktøren, at han ser værdi i UNI og YFI ved at sammenligne dem med syntetiske aktier og tilføje, at der er udbytte og et samfund sammen med styringsmekanismer for at ændre udbyttet.

Ifølge Novogratz, fem år fra nu, bortset fra BTC og ETH, vil ingen af ​​mønterne i top 10 i dag stadig være der.

dræber gafler mønter, ikke BTC. Den lave volatilitet er langt vigtigere end lave gebyrer for betalingsanvendelsessagen. Jeg forventer, at en håndfuld stabile mønter vil være i top 10, og gaffelmønterne falder fra første side …

– Leon Fu (@leoncfu) 13. november 2020

Interessant nok er et andet argument, der kan gøres her, at forkedte mønter er dem, der har mistet mest værdi over tid. Hvis dette er tilfældet, kan gaffelmønter måske være de første, der falder af. I lyset af prisformuen for BCH og BSV er der en god sag at gøre her.

The “centralized financial services” are now increasingly competing with the decentralized financial services.

The Circle Business Account, the business account of the crypto payment service provider Circle, which was originally intended to offer Internet companies an alternative to bank accounts with traditional, centralized financial institutions, is now also becoming a competitor for decentralized financial services (DeFi).

Circle, which is supported by Goldman Sachs and even publishes the Stablecoin USDC had the Circle business account on March 10, 2020 introduced

The corresponding business accounts offer companies a number of possibilities to use the USDC as uncomplicated as possible as a means of payment and transaction. For example, you can connect the stablecoin to traditional payment systems via an API, receive payments in US dollars as USDC or use this to pay at various online retailers.

The crux so far, however, was that crypto assets in the form of stablecoins such as the USDC could be better invested in Bitcoin Evolution projects, as higher interest income beckoned here. According to data from DeFi information portal DeFirate, projects such as Aave and Fulcrum currently offer 3.4% and 11.6% interest on the USDC, respectively.

Circle has now countered this by introducing new business accounts with particularly high interest rates on November 5th

This is intended to ensure that corporate customers prefer to park their crypto funds with Circle, and thus in the system of „centralized financial services“ (CeFi). As stated on the company’s website, the corresponding interest rates are between 8.5% and 10.75% per year. However, interested customers must first register on a waiting list.

The interest income is skimmed off daily and paid out weekly, which is a clear advantage over traditional business accounts, which often only pay out monthly or even annually. Accordingly, Circle is more oriented towards DeFi projects that offer interest income in real time. The end result is a financial product that combines the rapid availability and attractive interest rates of decentralized financial services with the security of centralized financial services.

The new offer from Circle is the next crossover between “CeFi” and “DeFi”. In August, the OKEx crypto exchange already entered into a partnership with Bitrue in order to create similar synergies.

Raoul Milhado, CEO of Elitium, recently in a commentary for Cointelegraph written , competition between DeFi and CEFI that ultimately for consumers is beneficial:

“Centralized and decentralized apps can be combined to create new financial products and get more people excited about DeFi […]. By combining DeFi and CeFi, we can simplify the transition from a centralized to a decentralized financial system. „

Bitcoin (BTC) ha riscontrato una serie di problemi interconnessi, poiché l’hashrate è diminuito, le commissioni sulla rete congestionata sono aumentate e gli utenti affermano di aspettare giorni prima che le loro transazioni vengano confermate, alcune delle quali potrebbero essere lasciato cadere dai minatori.

Tuttavia, la prossima settimana potrebbe arrivare un po ‚di sollievo

E questo sta accadendo in un momento in cui Immediate Edge è salito del 27% in un mese, raggiungendo quasi i 14.000 USD prima di correggersi nuovamente al ribasso (13.530 USD alle 16:17 UTC di oggi). Nel frattempo, tuttavia, con la rete chiaramente congestionata arriva un aumento della commissione di transazione.

La commissione media di transazione Bitcoin il 28 ottobre era di 11,67 USD, per BitInfoCharts.com. È aumentato particolarmente a partire dal 19 ottobre, raggiungendo un enorme 505,5% da allora. La media mobile a sette giorni mostra un balzo di quasi il 210% tra queste due date, a 6,75 USD.

Allo stesso modo, la commissione di transazione media il 28 ottobre era di 6,88 USD, che rappresenta un aumento enorme rispetto al calo del 17 ottobre, quando sono stati registrati quasi 0,6 USD. La media mobile semplice a sette giorni mostra un aumento del 223% in dieci giorni, a 3,8 USD registrati il ​​28 ottobre.

Commissione di transazione mediana, USD, media mobile semplice a 7 giorni

„Le commissioni dovrebbero diminuire una volta che la difficoltà verrà riaggiustata all’inizio della prossima settimana poiché i blocchi verranno estratti più frequentemente“, ha affermato lo sviluppatore di Bitcoin Matt Odell, sebbene „non sappiamo quanto le commissioni diminuiranno, se le transazioni saranno completamente cancellate e quanto tempo ci vorrà se lo fanno. “ Per mining pool BTC.com , la difficoltà dovrebbe scendere di quasi il 10% in più di quattro giorni, poiché il tempo di blocco di BTC ha superato i 14 minuti mentre l’obiettivo per il tempo di blocco medio è di 10 minuti.

Le persone hanno commentato sui siti di social media che le loro transazioni non sono state confermate da ore o giorni. Altri hanno notato, tuttavia, che quelle transazioni con commissioni più elevate verranno confermate prima, poiché sono più redditizie per i miner.

Jameson Lopp, Chief Technology Officer dello specialista di sicurezza crittografica Casa , ha commentato che il recente calo dell’hashrate, o la potenza di calcolo della rete Bitcoin, ha portato alcuni nodi Bitcoin a raggiungere la loro piena capacità, quindi gli utenti che hanno trasmesso transazioni con commissioni più basse potrebbero non vederli essere trasmessi.