Is Ethereum in the Midst of its Seasonal Trend?

The Ethereum / Bitcoin pair seems to be in the midst of its seasonal trend…for now. If the Bitcoin bear market proves too strong then it will suffer and follow Bitcoin lower.

Ehtereum 1Day Chart | 12-30-2018
1-Day Chart

The ETHBTC 1D chart should be making the blue box formation now. The break in direction out of that blue box has been the “set up” trade versus the December 6th “knife catch” trade the past few years.


Ehtereum 1Day Chart | 12-30-2018
1-Week Ethereum

The 1W chart shows much of the same. In this one we are also taking note of the momentum as it is also making the same pattern as previous years. If ETHBTC can get a 50 to 100 day trend then the first hedging opportunity is: the close after the blue bar prints on the weekly.

It seems like the blue box on the daily should coincide with the weekly momentum reaching overbought. That confirms the view that the break in direction will form a new trend. That being bearish until it is oversold again, or bullish until the blue bar prints, and then reevaluate the market conditions.

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Litecoin

Litecoin Chart from 12-18-2018

Not sure what to say about Litecoin other than the bleeding obvious.

  • Lots of similarities in the downwards channel post all time highs. They are relentless in their resistance to upside movements.
  • All buys during accelerated selling events, aka when price goes below support, have turned into a profitable trades.
  • A year and a bit of downtrend is market by a halving event in both cases.

Will history repeat? It usually does in crypto, but if Litecoin does not go up in the Spring of 2019 towards the Summer halving event then that could be viewed as a bad sign for Bitcoin’s next halving.

If history does repeat then buying LTCUSD in the $20’s and selling when the LTCBTC ratio nears 0.018 – 0.019 is a potential trade to keep an eye on.

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DayTraderCoin Swap

DayTradercoin is upgrading to a masternode coin. Please follow the instruction below for the swap process.

 

Instructions for the swap:

– Go to “datadir” folder and backup the entire DayTraderCoin folder. Copy it to your desktop for now.
How to find your datadir:

Windows: go to search and type %appdata%
Linux: it should be in “/home/YourUserName/.DayTraderCoin”

– Make an account on http://chainswap.net/dtc-swap/
– Open old wallet and send your coins to the swap deposit address.
– Once coins confirm shutdown the wallet.
– Go back to the datadir and delete the entire “DayTraderCoin” folder.
– Download the new wallet. https://github.com/xSevithx/DayTraderCoin-MasterNodes/releases/download/2.1/DayTraderCoin-qt.exe
– Generate a new address. New DTC address start with a “9”
– Got back to your http://chainswap.net/dtc-swap/ account and navigate to “settings” then paste your address and submit.
– Once you get your coins then you can delete the DayTraderCoin folder that was backed up to the desktop.

Don’t forget to backup your wallet!

BFX Exchange

Bitfinex Token

Bfx TOKEN

BFX Token
Click image to enlarge

 

Now that the Bitfinex saga has moved forward we finally have the IOU token to trade. BFX is paired with BTC and USD on Bitfinex and for leverage trading on Bitmex. US users can only sell the token and not buy it. Non-residents can freely trade this market, and we will be.

The price opened into a small rise and since has slipped into a descending triangle formation. It is currently right on the key horizontal support level. A breakdown of this level is important as the last low was a lower low. The last needs to hold or else price will touch down to the support trend of the triangle while the StochRSI hits oversold. The safest long of this trade is in the near term a pop above the yellow rectangle or waiting for a breakout above the desending triangle’s upper resistance line.

 

Charts are powered by Coinigy

BTC Tip-Jar: 18BBg2dhuvxqwoH9u1sVeEwMgMqESAZ79a

Disclaimer: http://www.coinstreetnews.com/disclaimer/

 

Ripple XRP

Ripple $XRP – Green Means Go?

Green Means Go?

Ripple - XRP
Click Chart to Enlarge

 

Wow, that’s a beautiful replica of the previous consolidations and breakout. Even if this does not pan out, which I do believe it should, then it is at least a lesson in how markets are controlled by bots. Thus finding the patterns that occur in a market is extremely helpful when trying to guess the final destination of a trend. Currently the daily candles are green, there is a bullish EMA cross, and momentum indicators are overbought and ready to fly. Tight stops at the base of the breakout and add on the dips seems like the correct bullish thing to say right now. Happy trading!

Ripple $XRP Video – July 14, 2016

 

Charts are powered by the SCMR Analysis Suite on Tradingview.com

BTC Tip-Jar: 18BBg2dhuvxqwoH9u1sVeEwMgMqESAZ79a

Disclaimer: http://www.coinstreetnews.com/disclaimer/

How to use Bitcoin Paper Wallets (Cold Storage)

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Bitcoin Paper Wallets (Cold Storage)

On Aug 2 2016, the second largest Bitcoin Heist of all time took place, second to only the infamous Mt.Gox

A few members have asked about how to set up Cold Storage. This page explains how to make a Paper Wallet.

I chose this method because I find it to be the most secure. This is because it’s done offline, fast & easy.


Creating Paper Wallet

  1. Go to https://github.com/cantonbecker/bitcoinpaperwallet/archive/master.zip
  2. Then Disconnect the Internet (yes you can create Address’s offline)
  3. Unzip File and open generate-wallet.html
  4. You’ll have two options;
    1. Move around your mouse till Encryption is completed
    2. Type random Keys in the box.
  5. Chose your wallet Design from the drop-down menu.
  6. Tab 1- Calibrate Printer; You Print the Ruler and makes sure its correct on the Print. “Mine is almost never perfect, but it works”
  7. Tab 2- Print Front Side;
    1. Near the top Check the box” BIP38 Encrypt” Enter a Complex and long password and SAVE IT,
    2. Then hit the print button. I like to Save a PDF file and store it on CDs (USB is ok) and store it in a safe place a good idea would be to give 2-3 copies friends to just in case. They cant take your BTC unless you reveal your password,
    3. Print the paper wallet
  8. Tab 3- Print Back Side;
    1. Flip the wallet paper over, put it back in the printer Print.
    2. Then Cut it out if you’d like.
  9. Congrats, you have created an Offline Paper wallet!

 Deposit and withdrawal

To Deposit

  1. Scan your public address QR Code and send your BTC,
  2. Without a webcam or a mobile phone you can manually type in the Address. please be very careful,

 

To Withdraw

The fastest way is to use Mobile Bitcoin Wallet (Download here), in the settings theirs is a button to sweep the paper wallet. Scan the QR Code of the Private Key and then your done

The Bitcoin Core method
  1. Download the Bitcoin Core Wallet (Download here). It will have to sync up for a day or two if you haven’t already had a BTC Core wallet. Keep in mind, its about a 65GB Download.
  2. Once the Wallet is Synced, open the generate-wallet.html and go to the tab called “Validate or Decrypt” then enter or scan your private key.BTC Private keysIf you have set a BIP38 Encryption it will prompt you to enter it.
  3. Then it will process.
  4. In the meanwhile make sure you BTC wallet is Running
  5. If your BTC wallet is encrypted you will have to Decrypt your wallet buy going to Help/Debug Windows/Console. Use the command Right under. Replace YOUR PASSPHRASE. This will allow it to be unlocked for 900 seconds.
  6. walletpassphrase "YOUR PASSPHRASE" 900
  7. Go back to the Webpage that you used to validated your key, scroll down till you see the Private Key WIF. Replace YourPaperWalletPrivateKey with the WIF Key. Keep in mind when you enter it, the wallet will re-scan the Blockchain to look for transaction with this address. This will take some time,Private Key WIF
  8. importprivkey YourPaperWalletPrivateKey "OPTIONAL LABEL"
  9. Once scan is complete the BTC is now in your wallet, Do not reuse the paper wallet
  10. There are other wallets you can use. Here is a Link to a more in-depth Step-By-Step on how to Sweep a Paper Wallet. https://bitcoinhelp.net/know/more/send-from-paper-wallet

If you have any further questions please leave a comment Below

 

TIP-JAR: 18BBg2dhuvxqwoH9u1sVeEwMgMqESAZ79a

 

Sources:

ANDROID WALLET: https://play.google.com/store/apps/details?id=de.schildbach.wallet&hl=en

https://bitcoinhelp.net/know/more/send-from-paper-wallet

https://github.com/cantonbecker/bitcoinpaperwallet

 https://bitcoinpaperwallet.com/bitcoinpaperwallet/generate-wallet.html

 

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