Bitcoin (BTC) and Crypto Rally trigger Veteran Trader Warning – More Ripple and XRP, Ethereum, Litecoin, Stellar, Tron

by



[ad_1]

From the warning about the big gathering of Bitcoin to the incentive to bring Litecoin to the POS, take a look at some of the stories that have erupted in the world of cryptography.

Bitcoin

The veteran derivatives dealer Tone Vays said he did not see new buyers entering the cryptographic space, which caused the sudden $ 8,000 increase in Bitcoin, which makes him feel uncomfortable .

In a new interview with BLOCKTV, Vays claims to sell some of its Bitcoin shares in the long term in anticipation of a decline.

"It's an unprecedented race. We had a similar experience in 2015 towards the end of the bear market. But the 2014-15 bear market was longer. It was more painful. It was deeper. And everything that happens here does not feel good.

I was looking for a rebound because we fell to $ 4,000 around October / November. I was looking for a rebound of up to $ 5,100. If we had exceeded our target, I thought we could have reached $ 4,600. But after that, we went straight. We reached $ 8,400 the other day. And I do not know what's going on. All the people I ask do not really know what's going on.

I do not see new buyers coming. I do not see new money coming in. It's just current money. This could be the problems of Bitfinex, those of Tether, those of Binance. Whatever the motivation, it makes me nervous and I'm even selling some of my hodl position because I think it's about to correct, and fix very hard. "

Tuur Demeester, a partner in Adamant Research and a researcher in cryptography, says the rally confirms his company's claim that Bitcoin traders are in a high accumulation mode. Although he believes that the big Bitcoin rally marks the beginning of the new long-term race, he also thinks that BTC is ready for a short-term pullback.

"I did not expect such a rapid recovery of markets. But I think that everything we have seen in recent weeks confirms the thesis that we are now in a bull market. We have gone from capitulation to accumulation and we are now at the very beginning of a new bull market. "

I think this shows that yes, family offices and funds have accumulated. There was also a short press. Many traders thought we would go under $ 3,000. And they are all in a hurry. Finally, we find that the Bitfinex Long / Short ratio is stable again, whereas before, short films were more abundant than long ones. This means that they have been pressed.

I think Bitcoin miners are probably not selling right now. They do not need it. And so, they sort of hold the offer on the market. And I think there is a minor fear of missing out on the retail business. But at the same time, I think the market is ahead of itself right now. I think it's very unsustainable. And, just like in the previous bull markets, we have to settle down a bit, then trade a side range for a while. And then the bull market can resume in a sustainable way. "

Ethereum

The latest edition of EthHub Weekly is published and covers everything about Ethereum.

The new publication reviews developments on Ethereum 2.0 and a number of Ethereum-based platforms, including MolochDAO, 0x, and Maker.

Ripple and XRP

Thomas Silkjær, a Big Data analyst and contributor to Forbes, published an animated graphic illustrating the expansion of the XRP book from January 1, 2013 to April 30, 2019.

"In addition to being a catchy visualization, the chart clearly shows the centrality of the exchanges. Initially, a new activation would force the user to know someone who could activate an account, but little by little, as the exchanges appeared on XRP, they became new hubs for the activations. wallet. "

litecoin

The creator of Litecoin, Charlie Lee, tries to convince Flexa to adopt the LTC.

The company's new one-click application, called Spedn, allows users to use Bitcoin and crypto to pay for everyday items such as groceries, clothes and furniture. Major retailers, including Whole Foods, Nordstrom and Crate and Barrel, will allow the payment option at 30,476 stores.

Stellar

The Stellar Development Foundation is launching a new ticker API to "provide the most up-to-date data on Stellar markets, issuers and assets".

The new ticker is faster and adds a number of new features.

  • New market data, such as open-high-low-close (OHLC) values ​​and 7d statistics.
  • Order book statistics (number of auctions, requests, variance, etc.) by market
  • A list of all reasonably active assets on the network
  • GraphQL interface to query data on specific asset pairs

Tron

The Tron Foundation says the popular mobile browser Opera adds TRX and Tron-based chips to its encrypted wallet.

"The decision to add another major blockchain to its platform marks a further step in Opera's strategy to make Web 3 more inclusive and user-friendly for citizens around the world.

Integrating TRON tokens into Opera's Crypto Wallet will enable hundreds of millions of Opera users to play TRON games and access TRON applications in the browser. The seamless user interface does not require browser extensions or third-party portfolio applications. "

Join us on Telegram
Follow us on twitter


Discover the latest titles



Disclaimer: The opinions expressed in Daily Hodl do not constitute investment advice. Investors should exercise due diligence before making high risk investments in Bitcoin, Cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and that any loss you may incur is your responsibility. The Daily Hodl does not recommend buying or selling crypto-currencies or digital assets, and the Daily Hodl is not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

[ad_2]

Source link