Bitcoin Trend / Weekend Update / CME Futures / Cold Storage
Expected trading for weekend is between 10700.00 support
and 12400.00 resistance
CME Futures settle bitcoin price below 11000.00 level.
But the price again in the fear zone / 10700.00 - 12400.00 range.
- Everyone saw the bitcoin futures have not made a big impact and the contracts have been far more bullish than one would expect. The reason why I wrote in my last post the trend is Neutral.
Bitcoin price now is around 11100.00 / the fear zone/ and still under negative pressure formed by EMA50.
The trend remain neutral as long as the price in the fear zone.
Breaking 10700.00 level and hold below it will move the price toward 9300.00 level.
Breaching 12400.00 level and hold above it, will push the price towards 12800.00 level.
A Japanese exchange has lost 58 billion yen in cryptocurrency because of hacking. According to Japanese media reports. The reason why I advice you to use bitcoin cold storage.
Cold storage refers to the process of storing bitcoins offline, but the private keys associated with this process may be online and /or exposed to the internet at some time during the generation of the signing process.
Deep cold storage, however, is a type of cold storage where not only are bitcoins stored offline, but also the system that holds the bitcoins were never online or connected to any kind of network.
The private keys associated with that system were generated in offline systems, and the signing process of the transactions is also made in offline systems.
The systems used in this type of storage never touch the Internet; they are created offline, they are stored offline, and they are offline when signing transactions.
Expected trading for weekend:
is between 10700.00 support and 12400.00 resistance.
Expected trend for weekend: Neutral.
Depends on;
- Breaching 12400.00 / Bullish.
- Breaking 10700.00 / Bearish.
Wish You A Great Weekend..
Its the best in that essence why because its offline and whatever is offline can't be hacked but so far how many persons has patronized cold storage,? Because definitely if we block chain investors cant get that statistical fact out,we wont want to trust it even when it's offline and secondly is there a transaction fee? Thirdly,if you want to trade bitcoin meaning you cant trade to an online storage as blockchain and paxful which i do use. And lastly,as for bitcoin fluctuation,it has a statistical record from 2015-2018 that as at this period it does face this kind if market Trauma but take a close look,bitcoin will bounce back in no time because nations has begin to accept crypto currencies as a legal tender and bitcoin,EThereum and ripple is sure a top priority. Thanks for sharing this information,i appreciate. 👌
nice comment, i agree with you "bitcoin will bounce back in no time because nations has begin to accept crypto"
Thanks for staying us updated regarding bitcoin, it is really helpful for me in day trading, keep posting nice bitcoin updates friend, Stay blessed
Happy weekend too sir... Thanks for taking your time to put this update together
Thanks for explaining cold storage!!!
good post
Thanks for the market information post @lordoftruth.
Awesome explanation. Thanks for your update.
Thank you for your post.
Thanks for sharing such a useful and informative post..
Gud..
Very nice