Xbasecoin
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As the Bitcoin is going up.... You can buy Bitcoins or any crypto currency exchange and leave it for some days and if the market move so we'll you'll have a good profit on it..... percentage will be added to it too
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It’s still too early to tell if this is a minor correction or a trend shift that means the fear is back. Last time we saw a significant spike in VIX, both the S&P 500 and BTC corrected sharply, but it all ended up as a minor correction before continuing to the upside. Will this happen again, or are we in for a larger correction this time
http://Xbasecoin.com
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Since the activation of August, Bitcoins has risen to around 50%.
The bitcoin price managed to close last week above the important $10,500 level. This could potentially act as a new support, and Sunday’s price dump saw the price drop down to exactly this level before it got bought up. Coincidental or not, flipping $10,500 from resistance to support is a clear bullish technical signal. We’re now trading just above $11,000 and the bulls are looking for a weekly close above $11,500. Another retest of the $10,500 level is not unlikely in the coming weeks, and bears are hoping for a weekly close below that level for more downside.
The good news ship rolls into another week, although it hasn’t all been plain sailing. The Bitcoin price closed last week above the important $10,500 level – its highest weekly-close in over a year and a potentially important support level. On the flipside though, last week’s seeming unstoppable charge finally hit a wall at $12,000 over the weekend. In total $1.3 billion worth of open interest was liquidated across all crypto pairs during the correction, with BTC futures accounting for $735 million of the fall. The question now is whether bulls can muster another push through the resistance at the $12,000 mark.
However, in general, BTC is looking technically strong. Trading volumes continue to rise and we’ve also seen an improvement in Bitcoin’s ability to scale (find out more on that later in this report). Elsewhere, altcoins are also enjoying strong gains. XRP has quietly been flying, seeing returns in excess of 40% over the past week. Ethereum too maintains its strong momentum, growing another 27% this week.
We still give out 10%>>>>
It’s now over a month since we started talking about low volatility and that a large move was imminent for Bitcoin. This has not yet happened, and we’re still waiting for the next big move. In fact, Bitcoin’s price range so far in July is actually the tightest in its history, having remained within a 6% range of between $9,470 and $8,930 for the duration. The tightest price range historically was seen in May 2015, when the price traded within a 9% range.
Bitcoin has been in a downwards trend since the beginning of June, forming lower highs each week. On Tuesday morning, Bitcoin broke up from the trendline, possibly indicating more upside for the leading cryptocurrency. However, we’ve got to remember that trendlines are subjective. A higher high would be an even stronger indication of more upside for Bitcoin, and the monthly high around $9,470 is the next level to look for.
We still give 10% of investment after some days
It was yet another week of sideways price action for Bitcoin, a run of low volatility that will likely be uncharted territory for those of us who are new to the space.
The most interesting price action this week was a minor pullback for Bitcoin on Monday, which unfortunately corresponded with a drop in the stock market. This suggests that the two markets are still more correlated than we would like. In general, though, it was a relatively flat week across the board, with ETH, Gold and the S&P.
We still give 10% of investment after 6 to 8 days of investment
Bitcoin was highest when the market crashed in March, Ethereum’s search interest peaked mid- February, when the ETH price increased rapidly. Bitcoin saw another hype period when the halving took place in May, but could not surpass the levels from March.
It is interesting to note that the search interest for Ethereum has remained fairly high after the market recovered and throughout the second quarter of 2020. This might be linked to increased interest around DeFi. On the other hand, Bitcoin’s search interest has dropped again after the halving in May and ended the first half of 2020 down to early March levels.
Don't forget we still give out 10% of your investment after 6 to 8 days of investment..
If we look back at the first half of 2020 from a market sentiment perspective, the trend is clear. Except for a longer period in February and a few spikes in May, the market sentiment has stayed below neutral and in the fearful area this year. Less than 25% of the first half has been in a greedy state, which gives a good summary of the year so far: Uncertainty and fear have been highly present
Bitcoin_volume_slowly_trending_upwards_this year
The 7-day average and percentage are real trading volume has been trending downwards since Bitcoin reached $10,000 again at the beginning of july. The trend for the first half of 2020 has still been upwards, but there is no certainty in this trend continuing as the market has been unusually relaxed lately. The second half of 2020 may be characterised by decreasing volume, as we saw in 2019 after the summer months.
We’re now more than halfway through 2020 – a great opportunity to reflect on everything that's happened in crypto this year. And it’s been eventful, to say the least.
It started with widespread optimism, as the largest cryptocurrencies kicked things off with a green candle month in January. This carried into February, with the price hitting a high for the year-to-date of $10,500 before a slight drop off. Then came COVID-19, which initiated a deep market crash and offset the entire growth seen prior to March.
We’ve bounced back since then, though. Bitcoin is up 27% and has now outperformed the stock market so far this year. The top 3 cryptocurrencies by market capitalisation are mostly in the green – the exception being XRP, which has struggled so far this year and is down 9%. Ether (ETH) is the best performer, up 75% so far in 2020.