Strategies of major market players


#1

Today, the crypto-currency market is under strong pressure and we are seeing active sales by speculators, which are caused by panic-negative sentiment due to the recent bad news. Bitcoin -4.04% is already trading near the level of 8,500.00 USD. On the other hand, this is a good opportunity for large investors to enter the market on long-term long strategies and get good prices. This idea can be confirmed by volumes that are significantly higher than those that were earlier when Bitcoin -4.04% was at levels in the range of 10,000.00 - 11,800.00 USD. If you look at the US stock index S & P500 -0.64% chart we will see that from the beginning of the year the market is at the same level. As for gold -0.04% , then with him the same story. This suggests that major investors are not very much interested in stocks and gold -0.04% . On the other hand, you can look at 10-year and 30-year US government bonds and notice that the yield has increased since the beginning of the year, and this suggests that investors generally get rid of bonds. As a result, one can consider the option that large amounts of money now enter the crypto-currency market, and given that the crypto-currencies are now in a strong correction, this idea seems to be true, because everyone knows that large investors are entering the falling market. Comment: The same can be said about the results of yesterday’s trading on the coin CREDITS (“CS”). Given that the negative sentiment on the crypto market has an impact on all altcoins, “CS” also felt the pressure of sellers and declined. But if we look more closely at the dynamics of the price, then we will see purchases for large volumes in times of price reduction, which is characterized as a strategy of buying by large investors.


#2

The panic after yesterday’s news subsided and bitcoin 0.16% traded in a narrow range between 9500.00 and 10100.00. This strong impulse was triggered by news from the US and Japan where the regulators continue to take decisive action against the scope of the crypto market, as well as a report on the problem at the largest Binance exchange with their API and the manipulation of the price of one of the coins.
It is worth noting that at these levels the price was at the end of last month, but the trading volumes were not so high. Yesterday, in the 4th hour, more than 400 million dollars worth of bitcoins 0.16% were traded, which can be considered a big figure if we consider the decline in popularity for bitcoin 0.16% and a strong decrease in the number of transactions. It is likely that the sellers were speculators once again frightened by the actions of the regulators, and buyers could become large investors who probably know more speculators.
As a result, now the bitcoin 0.16% price is testing the support level of 9500.00 and it is likely to drop to 9200.00 but a further movement to the bottom is unlikely, so now it is worth trying to buy with a short stop-loss.
Trades on CREDITS (“CS”) were held in the range as before and the support level of 0.00080 - 0.00085 CS / ETH is still actual, from which the active purchases by bidders continue, which does not allow the price to decrease. An important fact, when the market fell after bad news, the price of “CS” fell slightly to 0.0008350 and immediately returned back to 0.00105 CS / ETH. In conditions of negative sentiment on the crypto market, coins “CS” still experience increased interest from investors, which can be seen by the increase of holders. At the time when the bitcoin was down on yesterday’s trading session, the number of coin holders increased by more than 800 new ones. This is a good signal for a long strategy, because, according to technical analysis, there is a high probability that the market may recover back, which could lead to an increase in the price of “CS”.
The fall continues. It looks like a panic of speculators. But if everyone sells who buys?


#3

Now the mood of investors is still vague and trading operations are now mainly carried out by speculators. At the weekend it became known that another major project (Twitter) will soon ban advertising. The Japanese exchange Coincheck will stop servicing trades with three anonymous cryptocurrencies: Monero, Dash, and ZCash. The head of the Bank of England sees no reason to tighten control over digital currencies, which so far does not coincide with the opinion of other participants of the G20. But there are supporters of this idea. The Financial Stability Board does not see any reason to create new laws to regulate the cryptocurrency market but believes that it is better to revise the old ones.
For now, we see that the bearish market remains and with it the investors’ expectations remain for the continuation of the downward price movement. Over the weekend, bitcoin again updated its local lows and reached the level of 7240,00, through which the trend line passes from July last year. But against the background of expectations associated with the beginning of the G20 meeting, bitcoin quickly rose to the previous level of resistance 8400,00 which the price repeatedly tested for breakdown upwards. It is too early to talk about a trend change because the price is at the upper boundary of the descending channel, which began in January of this year. Negative news and the lack of agreements between the participants of “G20” may affect speculators and the price will continue to decline. The variant with growth should be considered if the bitcoin price breaks the resistance level of 8600.00 and gain a foothold above it.
Past weekend was successful for the coin of the project CREDITS (“CS”), despite the fact that the entire market of crypto-currency was under the pressure of sellers. Earlier, the coin traded at a strong support level of 0.00065 CS / ETH from which the further increased. Yesterday, the news about the results of testing the alpha version of the CREDITS platform was published according to which the transaction processing speed was 488,403 transactions per second. The news was positively received by the bidders positively, which led to an increase in the price of the “CS” coin by 38% to a local maximum of 0.0008 CS / ETH in a few hours after the news was released. Now the coin is trading at the level of 0.0008633 CS / ETH and according to the price chart, one can see an uptrend.


#4

The second day in the community of crypto investors, active discussions continue as the G20 meeting on the regulation of the crypto-currency market ends. Earlier, the Financial Stability Board rejected the appeals of several countries to regulate cryptocurrency. This idea was also supported by the head of the Bank of England. But there are also those who harshly expressed their attitude toward crypto-currencies. The CSSF agency believes that crypto-currencies and ICO represent a danger to investors. BaFin (Germany) also warned the public about the risks of investing. With him, on the issue of high risks, ICO is also in agreement with the European body ESMA.

Uncertainty persists that we can see in the price of bitcoin, which is still traded in a narrow range and the price can not pass above the strong resistance level of 8600.00. If you look at the 30-minute chart of the bitcoin price, you can see the graphical model of the technical analysis “triangle” which is probably realized by moving downwards. It should be noted that the price went abroad the descending channel and the next level of support is located at 8150.00, from which, in case of the appearance of positive news, there is a possibility of a price increase. If the price succeeds to pass below and gain a foothold behind it, then the probability of movement to local minima at 7200.00 increases.

The coin of the CREDITS project (“CS”) continues to be traded in the green zone the second day. After the publication of the news on the successful CREDITS alpha version of the transaction, the “CS” coin rose to 0.0009 CS / ETH levels, after which the price found support for buyers in the range of 0.00084 to 0.00089, which can be seen as a strong price support level. According to graphical analysis, the price of the coin “CS” is now in the ascending channel, which increases the probability of its further growth.