Good morning all! 4000 Bitcoins vanish from NiceHash, upcoming futures Q & A as Bitcoin goes more mainstream and much more.

in #money7 years ago

pixabay-sky-2235735_960_720.jpg

Good morning traders! Backbone of the week is broken, let's take a look at the spinning world around us.

Apparently, one of the biggest crypto-mining exchanges, NiceHash, was hacked and according to various reports, $50-60 mil worth of customer funds disappeared. That's approx 4000 Bitcoins, but if BTC price keeps rising it will be only about 1 Bitcoin by 2020 and John McAfee doesn't have to eat his dick.

nicehash.JPG

Read the NiceHash official press release here on Reddit, as their website is in "maintenance mode" at the time of writing this post.


Whalecalls just published a Q & A on the upcoming Bitcoin futures, on medium.com. If you're looking for info, like possible leverage, tick size, safeguards (circuit breakers) trading hours (did you know, you can't trade futs on weekends?) etc, then head on medium.com to catch up on the article.

whalecalls QA.jpeg
Via medium.com


Seeing signs of Bitcoin going more and more mainstream. And when enough new traders have bought the top, we will correct. For example, these headlines spun by Bloomberg and other major news agencies, while they are just stating the fact, serve also as a lure for easy wealth-seekers, hoping to jump on the train.

these headlines will have fresh investors flocking in.JPG
Bloomberg

Keep going...

bitcoin 13k cnbc.JPG
Via CNBC

Keep going still...

btc 14k.JPG



This next one is a big surprise for me. A poll apparently run by Ron Paul (US politician) demostrated that people would rather safekeep their investments in Bitcoin, than gold.

19k bitcoin.JPG
Ronnie Stoeferle, CMT via Twitter


BTCUSD weekly candle has surpassed last weeks candle in size, so we are going really parabolic here. Maybe the coming of futures will give us the dip we have been waiting for to ride it to 20K?

btc weekly candle.JPG


Finally a Bitcoin chart we can relate to :) This one comes from timvandevall.com via Stocktwits

humor.JPG


Also, a full explanation to CryptoKitties, for the ones who are still confused. Easy to read and understand. Thanks, Oscar D Torson! Catch up here on medium.com

cryptokitty.JPG


What am i looking at?

First, i am not charting Bitcoin, because it has got to a phase, where tech studies can be thrown out of the window. There are some parabolic studies and methods to measure potential targets, but I'll just keep to the background on BTC.


XAUUSD. Gold last stand failed. Friday's NFP (Non-Farm Payrolls) is probably a key driver, whether we post a reversal candle after a fake breakout or slip lower towards the low 1200s.

gold last stand.JPG


EURUSD is showing a massive bullflag on daily.....

euro 1 daily massive bull flag.JPG

... and if you squint hard, one can be seen on H4 as well. Trade the levels, enter only where you can place a tight stoploss on this, is my case. The bull flags won't mean anything when it dumps hard and takes your account with it.

euro 2 h4 bull flag.JPG

Then again, AUDUSD is showing some kind of a bearflag with RSI a little hesitant. Best scenario would be break down, one more low on RSI and rip. As the carry trade is disappearing (no positive swap hence no will to hold), i don't want to jump the gun too early. Not sure what to do with this yet, but keeping eyes on this

aussie bear flag.JPG

UPDATE for AUDUSD. As i printed the chart yesterday, we have already broke down of the bearflag. Why i am pointing this out? We have strong support coming soon and should commodities get their footing, one must consider, is it really worth shorting AUDUSD down here.

audusd update.JPG


That's it for this time, thank you for reading. Feel free to share your opinions on the matters in the comment section



Check out Chainbb, an alternative frontend for STEEM network. If you like forum style, that's the platform for you.


Title image from pixabay

separator.png


unknown2.png
Are you looking for Minnowbooster, Buildteam or Steemvoter support? Or are you looking to grow on Steemit or just chat? Check out Minnowbooster Discord Chat via the link below.




BuildTeam

Sort:  

good morning for you,,,,,,,,

Love the timvandevall.com via Stocktwits chart ha ha

I think it is so beneficial to try CryptoKitties out and experiment with scarce digital assets. For educational purposes of course :-) They might be the future https://steemit.com/ico/@icoindex.com/cryptokitties-showed-why-scarce-digital-assets-are-the-future

Coin Marketplace

STEEM 0.25
TRX 0.25
JST 0.040
BTC 94687.77
ETH 3416.09
USDT 1.00
SBD 3.32