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BTC Technical Analysis: Bitcoin ETFs A “Terrible” Idea Says Andreas M. Antonopoulos

On a weekly basis, Bitcoin prices are up one percent and in the weekly chart prices are moving inside a descending triangle with limits at $6,800 on the upside and $5,800 on the downside. On top of this, prices are consolidating in the daily chart within Aug 10 high lows. Either way, bears on in the forefront and unless otherwise there are surges below $5,800 last week’s price action might provide the necessary impetus to push prices above $7,000. Bitcoin (BTC) News Highlights According to Lou Kerner, the founder of CryptoOracle, a VC that invests in crypto startups, Bitcoin is functionally superior that Gold and is in fact a better store of value. This is not the first time such claims have surfaced in the crypto world. The Bitcoin core team has been lambasted from deviating from the real purpose of Bitcoin being a medium of exchange and in their effort of turning the most valuable coin into a store of value, opinion is divided. In his own view, Kerner says investors would over the long term shift their investment and store of value from Gold to the flagship digital asset. Furthermore, Kerner believes that the volatility we are currently seeing is common with new assets because it is still hard to price the asset and goes on to compare the growth of Amazon to Bitcoin which in its early stage was considered a bubble not worthy of investment. Unexpectedly, Andreas M. Antonopoulos, the famous Bitcoin advocate is against the idea of Bitcoin EFT. The subject of Bitcoin ETFs is a thrilling prospect for many Bitcoin investors who believe that should the SEC give the approving nod, millions of dollars will officially sink into Bitcoin and altcoins. However, in his view, Andreas thinks the idea is “terrible” and damaging to the whole ecosystem since the global nature of the market will undoubtedly open doors for market maker price manipulation. On top of that, investors wouldn’t enjoy any “responsibilities and rights” associated with owning the coin since they can at anytime invest in any Bitcoin related instrument without owning Bitcoins through custodians. Technical Analysis Weekly Chart Click here to see the full Bitcoin Weekly Chart by Trading View Regardless of recent buoying price action, buyers are yet to be convincingly in charge despite the one percent gain week over week gain. In our charts, we notice that prices are moving inside a descending triangle with main support zone in between June and August lows at $5,800 and $6,000 on the downside. On the upside, we have that resistance trend line connecting recent highs at $7,000 capping gains acting as our main resistance trend line. So, as clear from the chart, we shall retain a neutral to bearish stand cognizant of the fact that sellers could resume their eight-month trend should they build up enough momentum and clear our main support zone on the downside. Daily Chart Click here to see the full Bitcoin Daily Chart by Trading View At current spot rates, Bitcoin prices are oscillating within Aug 17 high lows and most importantly within Aug 13 inverted hammer. In any case, we need strong signals before initiating longs or shorts as mentioned above. What traders need is a break off from this consolidation following Aug 10 depreciation and while we suggest being neutral until key triggers are hit, it’s obvious that odds are stacked against buyers. Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.
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This week, the reddit community has calmed down a bit, but this does not mean that the passions have subsided, this means that everybody is waiting. But even at this moment they find something to talk about — for example, discuss the Jerry Chan video, or admire how the Bitcoin rate could be passed on the sound generator

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Maximine Coin Surge, eToro Adds TRON, Rakuten and Yahoo, Boss Crypto - Cryptocurrency News

Maximine coin is up more than 700% within the past 30 days. eToro also announced yesterday that they will add Tron TRX to its platform with more than 10 million registered users. Mattie will also talk about Rakuten and Yahoo continuing Mainstream Progression Towards Cryptocurrency as well as Boss Crypto, a crypto investment and education platform. ----------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: Facebook: Telegram: ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: CoolWallet S: Trezor: Ledger Nano S: KeepKey: Read about them here: --------------------------------------------------------------------------------- References: BossCrypto – Crypto Investment and Education Platform Boss Crypto Yahoo and Rakuten Continue Mainstream Progression Towards Cryptocurrency Rakuten Wallet Launch Announced for March 30, 2019 Here’s Why Crypto Maximine Coin (MXM) Jumped 754.5% in March eToro adds Tron TRX to its Platform with More than 10 Million Users -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding

In a continuous declining market, there’s one coin that stood out higher. Maximine Coin or MXM Coin broke a new record of entering into the graph of Top 40 cryptocurrencies with a spike of 30 percent over the past 24 hours. Why MXM Coin Pumped Higher? The value surge is quite surprising because the top crypto assets including Bitcoin, Ethereum, XRP, Litecoin, EOS, Bitcoin Cash, Binance Coin, and many other cryptos are on the way out. Nevertheless, the major concern comes after the spike of MXM Coin trading volume on CoinBene exchange which suspects to have wash trading activities. Despite this decline drive, Maximine Coin’s MXM token is ruling with rising volume among the top 40 cryptocurrencies. At the moment, the MXM’s average trading value counts $159,653,386 which has gained 30.11 Percent over the last 24 hours. Moreover, the coin is trading at $0.096818. Maximin Coin or MXM is presently available at a handful of crypto trading platforms including CoinBene, HitBTC, Coinbit, and Livecoin. Among these exchanges, the highest trading volume is split among CoinBene and HitBTC with pair of USDT, ETH, and BTC respectively. Is there anything Related to CoinBene’s Suspected Wash Trading? Looking closer at the coinmarketcap, the highest trading volume of MXM coin can be seen on CoinBene, the exchange which was once noticed of involving with wash trading activities as reported by Bitwise Asset Management. Reports further revealed that the volume is faked by the exchange itself that results to inflate actual numbers to catch user’s attention. Moreover, the exchange registered in Singapore and doesn’t need KYC for a user to have an account with. To note, the Bitforex exchange where MXM Coin will soon be listed is also based out in Singapore – moreover, Maximine Coin is reportedly registered in the same country. Additionally, recent reports reveal that the coin had gained mainstream concern from Bitforex, a Singapore based trading platform. The firm announced to list MXM coin on its exchange which many speculate and relate the coin’s significant performance with. Heard the news? 👂🏼 Seen the papers? 👀 If you haven't, keep your eyes glued to the screen and your ears wide open because @maximinecoin is coming to @bitforexcom ! 🍻🙌🏼 Details in link below! 👇🏼 — MaxiMine (@maximinecoin) March 26, 2019 What do you think about CoinBene and its trading contribution to Maximine Coin? share your opinion with us  The post Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding appeared first on Coingape.
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