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    Sunday, September 2, 2018

    [Daily Discussion] Sunday, September 02, 2018 Bitcoin Markets

    [Daily Discussion] Sunday, September 02, 2018 Bitcoin Markets


    [Daily Discussion] Sunday, September 02, 2018

    Posted: 01 Sep 2018 09:06 PM PDT

    Thread topics include, but are not limited to:

    • General discussion related to the day's events
    • Technical analysis, trading ideas & strategies
    • Quick questions that do not warrant a separate post

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    submitted by /u/AutoModerator
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    [Altcoin Discussion] Sunday, September 02, 2018

    Posted: 01 Sep 2018 09:06 PM PDT

    Thread topics include, but are not limited to:

    • Discussion related to recent events
    • Technical analysis, trading ideas & strategies
    • General questions about altcoins

    Thread guidelines:

    • Be excellent to each other.
    • All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
    • This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
    • No discussion about specific ICOs. Established coins only.

    If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.

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    submitted by /u/AutoModerator
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    Bitcoin shorts down nearly 50% from ATH, within the last 2 weeks. Last time this happened, Bitcoin went from around $7000 to $9900

    Posted: 01 Sep 2018 01:07 PM PDT

    Take a look. Compare what is happening now to what happened in the beginning of April.

    I'm all in crypto right now. The falling shorts, all the bullish technical indicators (ie. bullish MACD cross, healthy upward trendline last few days, etc), rising interest from institutions, and of course, Bakkt, all point towards a trend reversal. Furthermore, we have found a solid bottom at roughly $6k after testing it once more last week.

    The market has stopped reacting to bad news; a month or two ago, the SEC denying 9 ETFs would have slaughtered BTC but we saw price barely budge. I haven't even mentioned all the alts that have been starting to moon. I believe the next few months will be very good for the space.

    submitted by /u/S1ppinWok
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    One of Crypto’s Biggest Firms Says Bitcoin Bears Are Busted, BTC Likely Heading to 10K

    Posted: 01 Sep 2018 09:59 PM PDT

    One of the biggest firms in crypto says the Bitcoin bears are out of gas, with 10K on the horizon.

    The CEO of Genesis Global Trading, Michael Moro, told CNBC's Fast Money that the biggest factor is the market getting over the Bitcoin ETF hype.

    "Once the news broke about the SEC rejection, the price actually held. We didn't see the 5, 10, 15% sell-off that we've seen in previous rejections, and the technicals right around the $5,800- $5,900 levels held. I think the bears have realized that they've run out of steam."

    Source: https://dailyhodl.com/2018/09/01/one-of-cryptos-biggest-firms-says-bitcoin-bears-are-busted-btc-likely-heading-to-10k/

    submitted by /u/ghostlyoctopus
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