Analysis Crypto Capitulation Is Upon Us Published 4 months ago on March 15, 2018 By James Waggoner The Money Makers Club now has 6 of 15 available seats. Learn more here! Capitulation: kuh-pich-uh-LEY-shuhn (noun) the action of surrendering or ceasing to resist. From their December peak, cryptocurrency assets have given back over $400 billion. This amounts to more than the GDP of many countries. If this were values lost in the stock market whose worth is in the trillions, it would be called a minor correction. In crypto terms there is only one word to describe the carnage: capitulation. As painful as it is, the point to be made here is the capitulation is a good thing. Read on and I will share some thoughts for you to consider. Mass Media Mania First let’s take a look at some of the news that is causing such despair. Most recently the selling mania has been in response first to Facebook and more recently to Google. Both of these mass social media giants have ban cryptocurrency advertising. Read closely and you won’t be shocked to realize that the target of their ire are the many ICOs. The problem is not that Facebook and Google are the only advertising platforms. The problem is that they are considered mainstream media and without these two, the trend of cryptocurrencies gaining legitimacy is delayed. That is right, I said delayed not blocked or prevented. The World Has Changed Five years ago, when bitcoin was unknown to most people, this might have been a fatal move. Today is a different story. I recently traveled to a remote mountain town in the interior of Mexico. Everyone I met had heard about Bitcoin and eyes lit up with excitement when I ask if I could pay for lunch with bitcoin. Today are dozens of websites dedicated to cryptocurrencies, either holding them, exchanging them or just writing about them. Probably the most effective advertising remains on Google, it is called Google Search and it is free. If someone wants to learn about owning bitcoin or any other currency, there is a ton of educational information. Of course it would be far better all around if Mark Zuckerberg and Eric Schmidt had taken a different approach such as banning only advertisements for ICOs, but that didn’t happen so supporters of crypto aren’t comforted in their beliefs that bitcoin is going mainstream in 2018. The Flipside Is Being Ignored Every argument has a flip side. If the removal of ads contributes to cleaning up ICO scams, that is a good thing. We can all agree on that point. And let’s be honest there is more than one problem the crypto community needs to clean up. This adds to the ongoing regulatory news including March 7th ruling in US Federal District Court that cryptocurrencies are commodities. As such they can be regulated by the Commodity Futures Trading Commission (CTFC). On the same day the Securities & Exchange Commission issued the following order: “If a platform offers trading of digital assets that are securities and operates as an ‘exchange,’ as defined by the federal securities laws, then the platform must register with the SEC as a national securities exchange or be exempt from registration,” the commission said in its “Statement on Potentially Unlawful Online Platforms for Trading Digital Assets.” Not All Regulation Is Inherently Bad The mere hint of added government regulation typically sends stock market investors heading for the exits and the same holds for investors in crypto. But this raises the question, is some regulation of crypto a good thing? If we examine the full spectrum of regulation to this point on a global scale there is one common target most everywhere. That is the practice of exchanges. So far there has been little or not regulation, threatened or enacted, to protect investors from loss of funds due to security breaches. The question that needs to be ask is this. Will SEC regulation result in better pricing and lower trading costs; if So, then this would provide a desirable outcome. It is understandable if you laugh at the prospect of any government regulation having a beneficial outcome, but if you look at past SEC practices, you would come away with different conclusion. So when the next regulation catches the headlines will it be to ban the existence of bitcoin, Ethereum, Ripple, Litecoin and others or to protect the investor from scams and excess costs? Capitulation Is A Good Sign Over the course of a pretty long investment experience, I have witnessed true misery on more than one occasion. The pain is unbelievable, there is no perspective on the future and all you want is to take action to end the misery. That is when you know the worst is happening and nothing is ever going to make it better. That is when major stock market bottoms are formed. It surely is painful these days for crypto investors. This is a good sign. Featured image courtesy of Shutterstock. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (26 votes, average: 4.77 out of 5)You need to be a registered member to rate this. Loading... James Waggoner 4.4 stars on average, based on 87 rated postsJames Waggoner is a veteran Wall Street analyst and hedge fund manager who has spent the past few years researching the fintech possibilities of cryptocurrencies. He has a special passion for writing about the future of crypto. Follow @HackedCom Feedback or Requests? Related Topics:bitcoin bubblebitcoin pricesCryprocurrency market capcryptocurrency regulation Up Next Long-Term Bitcoin Analysis: Where is BTC from an Investment Standpoint? Don't Miss Pre-Market: Stocks Bounce Again Overnight but Trend Remains Bearish You may like G20’s Financial Watchdog Unveils Plan to Monitor Cryptocurrency Threat Cryptocurrency Market Rebounds as Trade Volumes Recover from Yearly Low President Trump Unleashes Task Force Targeting Crypto-Fueled Fraud Week in Review: Cryptocurrencies Reach New Lows for the Year as Bitcoin Breaks Below $6,000 South Korea Unveils New Regulatory Guidelines for Cryptocurrency Exchanges Government of Malta Passes New Cryptocurrency Legislation 5 Comments 5 Comments BittBurger March 15, 2018 at 7:03 pm Author: Numerous spelling and grammatical errors in the last 2-3 paragraphs you might want to clean up. Im here to help! 🙂 Log in to Reply James Waggoner March 15, 2018 at 7:32 pm where is the edit button? Happy to make changes. Log in to Reply BittBurger March 15, 2018 at 7:33 pm No idea. I’m not an author here. Log in to Reply tommudd March 15, 2018 at 7:41 pm I am ready to rock and roll, lookout market here we come Log in to Reply James Waggoner March 15, 2018 at 7:42 pm I am with you, no pain no gain. Thanks for your comment Log in to Reply You must be logged in to post a comment Login Leave a Reply Cancel replyYou must be logged in to post a comment. Analysis Ether Price Has a Good Chance of Rising Further Published 2 hours ago on July 18, 2018 By Dmitriy Gurkovskiy The Money Makers Club now has 6 of 15 available seats. Learn more here! On Wed July 18, Ether is falling, although the previously formed local uptrend still looks quite sustainable. The crypto is trading around $498, says Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Today’s morning, Ether rose above $500, which helped to determine the next important resistance levels. The bullish trendline at $480 that was formed yesterday is now confirmed on H1, and in case Ether is able to go above $500 shortly, its chances for going further up will increase. Once Ether continues rising, it will quickly reach $525, and the current support levels will go above, too. As of now, Ether has some potential to rise till $550, according to D1. For now, the key support for Ether is at $480, and once the crypto heads up, a new support at $500 will get active. $525 is still key resistance for now. The MACD is going up on D1, still in the negatives, and is issuing a buy signal, while the Stochastic confirms it, being in the positive territory. Among fundamentals and events that are important for Ether traders, one can mention the addition of Bitcoin and Ether to Purple Group. The company believes its customers will now have more freedom in selecting payment methods for running their transactions. Another important news item is that the brokers using MT4 began offering cryptocurrency trading (at first, only Bitcoin, but then other cryptos were added). In most cases, the clients can trade CFD’s, although some brokers allow direct cryptocurrency transactions, too. This is a very interesting opportunity, as the investors trust MT4 and consider it a secure platform, so crypto trading added to it will be trusted, too. With more products added to the platform, both direct crypto trading and CFD’s, more people will come to MT4 in order to try it. This is positive for both Ether and other altcoins. Disclaimer: Any predictions contained herein are based on the authors’ particular opinion. This analysis shall not be treated as trading advice. RoboForex shall not be held liable for the results of the trades arising from relying upon trading recommendations and reviews contained herein. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Dmitriy Gurkovskiy 4.6 stars on average, based on 4 rated postsHaving majored in both Social Psychology and Economics, Dmitry went on to continue his education in post graduate. He then worked as a team lead of a tech and fundamental analysis lab in the Applied System Analysis Research Institute. This helped him to acquire all necessary skills and experience to become a successful trader and analyst, as well as a portfolio manager in an investment company. Dmitry is a pro in the financial field who authors articles for various international media. He also holds the position of Chief Analyst at RoboForex. Follow @HackedCom Feedback or Requests? Continue Reading Analysis Crypto Update: Monero Bullish Reversal on the Horizon Published 3 hours ago on July 18, 2018 By Kiril Nikolaev The Money Makers Club now has 6 of 15 available seats. Learn more here! The cryptocurrency world has come to life today. Bitcoin is leading the way, up by over 10% in 24 hours as it surged past $7,000. Other coins such as Ripple (XRP/USD), Litecoin (LTC/USD), and Bitcoin Cash (BCH/USD) have followed suit, growing between 5% – 10% in 24 hours as well. Looking at this cast of cryptocurrencies, it seems that Monero (XMR/USD) investors are missing out on this rally. Not to worry because usually a rising tide lifts all boats in financial markets. In this article, we reveal why a major bull run is likely on the horizon for XMR/USD. Monero Weekly Chart Looks Promising A quick look at the weekly chart of XMR/USD and you can easily spot the formation of a falling wedge. The recent bounce from $120 support has given investors a good reason to be excited. After all, the rally has put the market in a position to finally breakout out of the falling wedge. Weekly Chart of XMR/USD Monero appears ready to take out the resistance level. The daily chart gives us glimpses on how this breakout might transpire. Daily Chart Shows Bullish Two Scenarios Switch to the daily chart and you’ll also see the large falling wedge in play. On top of that, it offers two possibilities regarding how Monero can break out of this pattern and launch a bull run. XMR Breaks Out on Fear of Missing Out Bitcoin, being the most popular cryptocurrency, often acts as a barometer for other cryptos. Its strength or weakness can influence how other altcoins perform. Bitcoin’s recent trend reversal might make Monero investors greedy. The fear of being left out might just be enough to take out resistance of $160. This scenario is viable as the daily MACD reveals a bullish divergence and a bullish cross. In addition, the 4-day, 8-day, and 21-day moving averages are not acting as immediate supports. XMR Breaks Out on Increased Demand A more sustainable breakout is one driven by demand rather than greed. In this scenario, Monero respects resistance of $160 as investors see the bounce as a sell rally. This starts a waterfall event that would push the market down to key support of $85. At this price level, demand exceeds supply. Plus, the falling wedge would be at its narrowest point. The daily RSI offers support in this scenario. It is currently forming a rising wedge, which is a bearish pattern. Even if XMR climbs to $160, the RSI would likely be overbought by then. That could catalyze the fall to $85 support. Bottom Line Bitcoin’s resurgence can influence how Monero moves in the coming days. Investors might become greedy and push the market above resistance of $160. On the other hand, investors may see the recent bounce as a sell rally. This can drive the market down to support of $85. Either way, a breakout is on the horizon. A bullish reversal is likely not a question of if, but when. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Kiril Nikolaev 3.6 stars on average, based on 201 rated postsKiril is a financial professional with 4+ years of experience in financial writing, analysis and product ownership. He has passed all three CFA exams on first attempt and has a bachelor's degree with a specialty in finance. Kiril’s current focus is on cryptocurrencies and ETFs, as he does his own crypto research and is the subject matter expert at ETFdb.com. He also has his personal website, InvestorAcademy.org where he teaches people about the basics of investing. His ultimate goal is to help people with limited knowledge of finance and investments to create investment portfolios easily, and in line with their unique circumstances. Follow @HackedCom Feedback or Requests? Continue Reading Analysis Crypto Update: Bitcoin Blows Through $7000 but Altcoins Still Lag Behind Published 13 hours ago on July 18, 2018 By Mate Cser The Money Makers Club now has 6 of 15 available seats. Learn more here! The relief rally in the cryptocurrency segment continued in earnest today, as Bitcoin still lead the way higher posting its best daily performance since April. The most valuable coin stole the show, although the whole market blasted higher, with the total value of the coins getting close to $300 billion, up by around 20% in a matter of days. While the segment is still not out of the woods, BTC triggered a short-term buy signal in our trend model, as it overcame major resistance levels for the first time since May, finally showing some technical progress. That said, most of the majors are still stuck in, or right at the top of their trading ranges, and besides Bitcoin, buy signals are few and far between even considering the smaller coins, as correlations are still very high. Trading volumes were also the highest in months, as especially Bitcoin triggered automatic orders while surging through several strong resistance levels. Bulls would still need further coins to join the break-out and fro now the long-term setup is still just little changed. BTC/USD, 4-Hour Chart Analysis BTC cleared the $6750, $7000, and $7350 levels in a bit more than an hour, and the epic short squeeze settled down near the latter resistance, for now. The coin is now on a short-term buy signal, and should a higher low form in the coming days, a new short-term uptrend could be established. The coin needs to stay above the $7000 level to keep the signal intact, and given the relative weakness in Altcoins, the long-term outlook is still mixed. Resistance is now ahead between $7650 and $7800, while further support is at $6500. Ethereum at $500 as Ripple Tests $0.51 ETH/USD, 4-Hour Chart Analysis While Bitcoin is already above primary resistance, Ethereum is trading right at the $500 level, leaving the short-term trading range intact. The coin is close to triggering a buy signal, but it remains relatively weak and traders should wait for follow-through before playing a possible trend change. Primary support is still found at $450, with other levels at $420, $400, $380, and $360, while further resistance is ahead between $555 and $575. XRP/USDT, 4-Hour Chart Analysis With all of the majors registering large gains, and even some the recently weak coins like LTC, XRP, and Dash are trading near key resistance levels, further short-term buy signals could pop up in the segment, but until a confirmed new uptrend, traders should remain cautious with new positions. As an example, Ripple is trading slightly above the $0.51 resistance currently, but a break-out is not yet confirmed, and the trading range remains dominant. Further resistance levels are ahead at 0.54 and $0.575, while support is now found at $0.49 and $0.45. Featured image from Shutterstock Disclaimer: The analyst owns cryptocurrencies. He holds investment positions in the coins, but doesn’t engage in short-term or day-trading, nor does he hold short positions on any of the coins. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (2 votes, average: 4.50 out of 5)You need to be a registered member to rate this. Loading... Mate Cser 4.6 stars on average, based on 293 rated postsTrader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market. Follow @HackedCom Feedback or Requests? Continue Reading 5 of 15 Seats Available Learn more here. Recent Commentsphdooy on Trade Recommendation: TRONphdooy on Trade Recommendation: ICONphdooy on Trade Recommendation: Aionphdooy on Trade Recommendation: Aionphdooy on Trade Recommendation: EOS Oil Prices Plunge as Saudi Arabia Prepares Record... 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