Bitcoin : Daily Technical And Fundamental Analysis By INSTAFOREX

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Zafril

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nak kena ada modal yang mencukupi ni bila trade bticoin pulangan lebih besar
 
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Trdfx

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macam2 instrumen yang ada di insta pilih sahaja asalkan ilmu dan modal mencukupi
Takde modal, blh try masuk contest demo account, mana tau menang, blh buat modal untuk trade.
 

Ms Senorita

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Bitcoin Bounces Back After Dropping to Lowest Level Since May



(Dec 19): In one of its biggest price swings in months, Bitcoin roared back from the dead on Wednesday to once again climb above $7,000.

Bitcoin gained as much as 9.2%, its largest increase in eight weeks, as investors piled back in following an extended slump that had pushed it to the lowest level since May. The largest cryptocurrency had dropped to as low as $6,436 this week before staging a recovery to $7,226 in New York trading, a swing of about 12%.

“Markets are generally strong. It may be some profit taking in traditional assets, rotating into crypto. Also, it may be some trading around the unknown of the halving,” said David Tawil, president of ProChain Capital. “We won’t be sure that the bounce is real until it stabilizes.”

The halving, estimated to take place around June 2020, cuts the number of coins awarded by 50% to the miners who run the computers that process those transactions. It is supposed to slow issuance to make the token less susceptible to inflation.

Cryptocurrencies were under pressure earlier in the week after Chainalysis Inc., a researcher, said Bitcoin is likely to sell-off further as perpetrators of a $2 billion theft continue to dump coins to cash out.

But some analysts are forecasting a Bitcoin recovery in the new year. Bloomberg Intelligence’s Mike McGlone, for one, chalks it up to the coin’s limited supply, among other things, as a primary driver of a potential price advance in 2020.

“Increasing adoption is the other side of the demand vs. supply balance, and the first-born crypto is winning as it evolves into a digital version of gold,” he wrote in a note.

Sumber : the edge markets
 

mrvx

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aku pernah nak guna luno buat trading bitcoin..tp bnm buat sekatan pula sebab tak ada cukai, mungkin tahun depan cukai digital dikenakan ke atas urusniaga bitcoin
 

mazri_2008

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Technical analysis of BTC/USD for 27/12/2019:

Crypto Industry News:

The self-appointed Bitcoin creator, Craig Wright, showed, he claims a document that explains the origin of the nickname Satoshi Nakamoto. In a press interview, Wright showed a document presenting an article from the JSTOR digital academic journal database of January 5, 2008.

The article is about a person named Tominaga Nakamoto who lived in Japan between 1715 and 1746. The document also contained the following handwritten notes: "Nakamoto is the Japanese Adam Smith. Honest Ledger + Micro Cash. Satoshi is Intelligent History. Not too much."

According to Wright, he chose the name Nakamoto in honor of Tominagi Nakamoto. A handwritten note compares him to Adam Smith, who is considered by many to be the father of modern economics. Asked if Nakamoto's economic ideas were the reason he chose his name, he replied: "In part, yes.

He wrote about money and fair money, and about the rational nature of things. The shogun [feudal ruler] was in financial crisis and economic hardship at the time. [...] I like his description and I found his brother, Toka. "Nakamoto was upright and calm but impatient," and I thought, "Sounds like me."

As for the nickname's first word, Satoshi, Wright says it means "intelligent learning." He explains that he refers to a person who has access to the knowledge acquired by his ancestors. While Wright claims to be Satoshi Nakamoto, he also announced in November that he could not finance a settlement of 500,000 Bitcoins ($ 3.7 billion) in a case that had initiated Kleiman's assets against him. Dave Kleiman was an expert in cybersecurity, whom many consider being one of the first creators of Bitcoin and Blockchain technology.

He died in April 2013. Kleiman's property, run by David's brother Ira Kleinman, initiated the case last February, accusing Wright of stealing hundreds of thousands of Bitcoins - worth over $ 5 billion - after the death of the developer. It is known that Satoshi Nakamoto extracted the origin blocks on Bitcoin Blockchain, the so-called Satoshi blocks, and therefore should have a significant number of coins on his address.

Technical Market Overview:

The BTC/USD pair is still being controlled by the bears and every attempt to rally is quickly being used to sell more Bitcoins. The global investors have seen this kind of market behavior through all the holidays, as the local high was made at the level of $7,371 and then the price was pushed down and is currently trading close to the technical support located at the level of $7,078. Any violation of this level will lead to another wave down targeting the level of $7,028 or even $6,938.

Weekly Pivot Points: WR3 - $8,907 WR2 - $8,106 WR1 - $7,862 Weekly Pivot - $7,117 WS1 - $6,770 WS2 - $6,071 WS3 - $5,771

Trading Recommendations:

The best strategy in the current market conditions is to trade with the larger timeframe trend, which is still down. All the shorter timeframe moves are still being treated as a counter-trend correction inside of the uptrend. When the wave 2 corrective cycles are completed, the market might will ready for another impulsive wave up of a higher degree and uptrend continuation.

 

akbal

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Technical analysis of BTC/USD for 27/12/2019:

Crypto Industry News:

The self-appointed Bitcoin creator, Craig Wright, showed, he claims a document that explains the origin of the nickname Satoshi Nakamoto. In a press interview, Wright showed a document presenting an article from the JSTOR digital academic journal database of January 5, 2008.

The article is about a person named Tominaga Nakamoto who lived in Japan between 1715 and 1746. The document also contained the following handwritten notes: "Nakamoto is the Japanese Adam Smith. Honest Ledger + Micro Cash. Satoshi is Intelligent History. Not too much."

According to Wright, he chose the name Nakamoto in honor of Tominagi Nakamoto. A handwritten note compares him to Adam Smith, who is considered by many to be the father of modern economics. Asked if Nakamoto's economic ideas were the reason he chose his name, he replied: "In part, yes.

He wrote about money and fair money, and about the rational nature of things. The shogun [feudal ruler] was in financial crisis and economic hardship at the time. [...] I like his description and I found his brother, Toka. "Nakamoto was upright and calm but impatient," and I thought, "Sounds like me."

As for the nickname's first word, Satoshi, Wright says it means "intelligent learning." He explains that he refers to a person who has access to the knowledge acquired by his ancestors. While Wright claims to be Satoshi Nakamoto, he also announced in November that he could not finance a settlement of 500,000 Bitcoins ($ 3.7 billion) in a case that had initiated Kleiman's assets against him. Dave Kleiman was an expert in cybersecurity, whom many consider being one of the first creators of Bitcoin and Blockchain technology.

He died in April 2013. Kleiman's property, run by David's brother Ira Kleinman, initiated the case last February, accusing Wright of stealing hundreds of thousands of Bitcoins - worth over $ 5 billion - after the death of the developer. It is known that Satoshi Nakamoto extracted the origin blocks on Bitcoin Blockchain, the so-called Satoshi blocks, and therefore should have a significant number of coins on his address.

Technical Market Overview:

The BTC/USD pair is still being controlled by the bears and every attempt to rally is quickly being used to sell more Bitcoins. The global investors have seen this kind of market behavior through all the holidays, as the local high was made at the level of $7,371 and then the price was pushed down and is currently trading close to the technical support located at the level of $7,078. Any violation of this level will lead to another wave down targeting the level of $7,028 or even $6,938.

Weekly Pivot Points: WR3 - $8,907 WR2 - $8,106 WR1 - $7,862 Weekly Pivot - $7,117 WS1 - $6,770 WS2 - $6,071 WS3 - $5,771

Trading Recommendations:

The best strategy in the current market conditions is to trade with the larger timeframe trend, which is still down. All the shorter timeframe moves are still being treated as a counter-trend correction inside of the uptrend. When the wave 2 corrective cycles are completed, the market might will ready for another impulsive wave up of a higher degree and uptrend continuation.

boleh la ambil point-point pivot sebagai rujukan untuk pergerakan matawang kripto bitcoin ini
 

Ms Senorita

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Bitcoin Begins Year Negative After 2019’s Eye-Catching Surge



(Jan 3): Bitcoin’s not yet having a happy new year.

A sell-off in the largest digital token pushed the price below $7,000 on Thursday. Bitcoin dropped as much as 4% to fall to its lowest level since mid-December, according to Bloomberg data.

Bitcoin is coming off an eye-catching 2019, which saw it gain close to 95% despite repeated bouts of volatility. That’s emboldened some investors and analysts to call for further gains this year as adoption rates increase and fans continue to flock to decentralized currencies.

“We’re at a critical stage in Bitcoin’s price trajectory,” said George McDonaugh, co-founder and managing director at KR1, a cryptocurrency and blockchain venture capital investment firm. “Bitcoin will most likely bounce back strongly from a steep dive in price and return to the $7,500 mark and then move higher into the middle of 2020,” he said, citing strong fundamentals and the creation of new Bitcoin wallets, among other things.

As of 12:52 p.m. in New York, Bitcoin was trading at $6,942, its lowest level since Dec. 17.

Sumber : the edge markets
 
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