Home / World / Bitcoin (BTC) and Crypto Rally Triggers Stark Warning From Veteran Trader – Plus Ripple and XRP, Ethereum, Litecoin, Stellar, Tron

Bitcoin (BTC) and Crypto Rally Triggers Stark Warning From Veteran Trader – Plus Ripple and XRP, Ethereum, Litecoin, Stellar, Tron



From a warning about the big Bitcoin rally to an impulse to take Litecoin to the points of sale, here are some of the stories that are being broken in the world of cryptography.

Bitcoin

Veteran derivatives trader Tone Vays says he is not seeing new buyers enter the cryptography space, which makes the sudden increase of $ 8,000 Bitcoin make him uncomfortable.

In a new interview with BLOCKTV, Vays says he is selling some of his long-term Bitcoin stock in anticipation of a fall.

"It was an unprecedented race, we had a similar race in 2015 towards the end of the bear market, but the 2014-15 bear market was longer, it was more painful, it went deeper, and everything that happens here just does not feel like it. all right.

I've been looking for a rebound since we went down to $ 4,000 around October / November. I've been looking for a rebound of up to $ 5,100. If we exceed, I thought we could have reached $ 4,600. But after that, we went up. We hit $ 8,400 the other day. And I do not know what is happening. Everyone I ask does not really know what is happening.

I do not see new buyers entering. I do not see any new money coming. It's just current money. It could be the problems in Bitfinex, the problems in Tether, the problems in Binance. Whatever it is that's driving me makes me nervous and I'm even selling part of my Hodl position because I think this is about to be corrected, and to correct strongly. "

Adamant research partner and cryptographic researcher Tuur Demeester says the rally validates his firm's thesis that Bitcoin traders have been in heavy accumulation mode. Although he believes that the big rally in Bitcoin is the start of the new long-term bullish race, he also believes that BTC is ready for a short-term withdrawal.

"I did not expect the markets to recover so quickly, but I think that everything we have seen in recent weeks validates the thesis that we are now in a bull market, going from capitulation to accumulation, and now we are in the initial stage. of a new bull market. "

I think this shows that yes, family offices and funds were accumulating. There was also a small squeeze. Many traders thought that we would go below $ 3,000. And everyone is being squeezed. Finally, we are seeing that the long / short Bitfinex relationship is flat again, where before the shorts were higher than the long ones. That means they have been squeezed.

I think the Bitcoin miners are probably not selling now. They do not need And that is why they are a kind of retention to the market. And I think there is a small fear of getting lost in retail. But at the same time, I think the market is moving forward right now. I think this is very untenable. And just like in these previous bull markets, we have to settle down a bit and then trade in a side range for a while. And then the bull market can be resumed in a sustainable way. "

Ethereal

The latest edition of EthHub Weekly is available, covering everything related to Ethereum.

The new publication analyzes the developments in Ethereum 2.0 and several platforms based on Ethereum, such as MolochDAO, 0x and Maker.

Ripple and XRP

Big Data analyst and Forbes contributor, Thomas Silkjær, released an animated chart showing the expansion of the XRP ledger from January 1, 2013 through April 30, 2019.

"Besides being a striking visualization, the graphic clearly shows the centrality of the exchanges. Initially, a new activation would require a user to know someone who can activate an account, but gradually, as the exchanges are listed in XRP, they become new centers for the activation of the portfolio. "

Litecoin

The creator of Litecoin, Charlie Lee, is trying to convince Flexa to adopt LTC.

The company's new "one-touch" application, called Spedn, allows people to use Bitcoin and crypto to pay for everyday items, such as groceries, clothing 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 latest data on markets, issuers and assets in the Stellar Network".

The new ticker is faster and adds a series of new functions.

  • New market data, such as OHLC (open-high-low-close) and 7d stats
  • Purchase order statistics (number of offers, requests, propagation, etc.) by market
  • A list of all reasonably active assets within the network
  • A GraphQL interface to query data on specific asset pairs

Tron

The Tron Foundation says that the popular mobile browser Opera is adding tokens based on TRX and Tron to its cryptographic wallet.

"The decision to add another important block chain to its platform marks another step in Opera's strategy to make Web 3 more inclusive and easy to use for people around the world.

The integration of the TRON tokens into Opera's Crypto Wallet will allow hundreds of millions of Opera users to play TRON games and access the TRON applications within the browser. The perfect user interface does not require browser extensions or third-party wallet applications. "

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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors must do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Keep in mind that your transfers and operations are at your own risk, and any loss you may incur is your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor The Daily Hodl is an investment adviser. Keep in mind that The Daily Hodl participates in affiliate marketing.


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