Article by Steven Aitchison. Steve first got into the crypto world in 2015 and started trading in 2017 and now wants everyone to know the benefits of crypto with his course and hidden gems newsletter at: Learn About Crypto and Trading and his weekly hidden gems CYT Crypto Monthly he also started his youtube channel 5 months ago at CYT Crypto.

This Week In The Crypto Market

Bitcoin price started off the week at $6,350 and steadily has climbed up to around the $6,750 mark before pulling back slightly.

We hopefully have stabilised from here but it seems traders and investors are still a little hesitant to call this the start of a bull market. We are still very much in a bear market just now, but at least there are signs that a bull run is coming.

The BTC price might dip slightly and bounce from levels of $6,500. If we can break $6,800 then it’s onwards to breaking the psychological level of $7,000, which could be the start of the bull run a lot of us are waiting for. However there might still be some dips on the way up.

Top gainers of the week include:

Digibyte: 67%

KuCoin Shares: 44%

Monaco: 39%

Loom Network: 31%

Qash: 28%

Veritaseum: 26%

Top losers of the week include:

Ontology: -12%

Populous: -12%

Nebulas: -10%

Enigma: -9%

Loopring: -9%

BiBox Token: -9%

Top News Stories

More Signs That A Bitcoin ETF is Coming

Europe’s largest trader of exchange-traded funds (ETFs) is moving into crypto in the face of criticism by Dutch Authorities, according to Bloomberg, opening the door for a Bitcoin ETF. This will lead the way for institutional money to turn the crypto market around and set new heights.

Bloomberg stated:

“Flow Traders NV, an Amsterdam-based speed trader, is making markets in the first exchange-traded notes based on Bitcoin and Ether, according to Co-Chief Executive Officer Dennis Dijkstra. XBT Provider, an issuer of crypto ETNs listed in Sweden, said that the Dutch company has “dramatically increased” trading of its securities in the last few months.

While five big U.S. speed traders are already making markets in cryptocurrency futures or the underlying currencies, Amsterdam-based Flow Traders is the first firm anywhere to disclose it’s buying and selling crypto notes listed on regulated stock exchanges. Publicly traded notes or funds would broaden the appeal of virtual money as an asset class by providing a straightforward and cheaper way of investing in the likes of Bitcoin and Ether.”

It looks more and more likely that a Bitcoin ETF is coming soon which could bring in billions into the crypto world and push the Bitcoin a lot higher.

In today’s news the CBOE have applied for an ETF license as reported in Bitcoinexchangeguide.com.

The article states:

“The United States has received another application from CBOE Global Markets. Other applications have unfortunately not been approved, but a Bitcoin ETF appears to have a better change of success. Many of these rejections have occurred as a result of an unregulated market, but the SEC has recently made clarifications. These changes show that Bitcoin and Ethereum are not considered securities, which hopefully has given enough understanding to help Bitcoin bring more value and institutional money into the industry.”

This is great news and it looks more likely that a Bitcoin ETF is coming soon.

Bitcoin (BTC) Payments Now Accepted For Stephen James BMW Cars

In a Twitter message yesterday Stephen James BMW Cars announced that he is now accepting Bitcoin to pay for a brand new BMW.

“The announcement also reveals that the car dealership will be working alongside BitPay, a global platform that accepts Bitcoin payments, whether it entails retail, ecommerce, billing purposes and more.”

Source: (https://bitcoinexchangeguide.com)

Monaco Card rebrands to ‘Crypto’ and acquires crypto.com domain name, as well as releasing a new whitepaper and new card perks

Monaco has seen a 39% rise after it has rebbranded and offered benefits to it’s card holders.

In an article on Reddit from xymac21

“Corrections: Monaco Card (product line i.e the cards scheme) has rebranded to MCO and Monaco (parent company) has rebranded to Crypto.com, not just Crypto. P.S: I also think MCO looks way more professional on their metal cards. (card video link: https://youtu.be/66ffJgUwcJ0) Do check it out! It’s sleek AF.”

Was this what caused the huge gains in Monaco this week.

Bitcoin Is “Quite Likely” Hitting $100,000 as It’s “Part of the Future,” Says ADVFN CEO

Clem Chambers, the chief executive officer of financial markets website ADVFN, has recently made a bullish case for Bitcoin as he sees the flagship cryptocurrency climb back to its all-time high, and potentially hit $100,000 in the future.

Clem stated:

“The blockchain will be the way of the future which will be like the internet was to the generation before. Bitcoin will probably be part of that future in the long term. Will bitcoin go back over from its previous high? It will probably hit $2,000 before it hits $20,000. But will it hit $20,000? I think so. Will it hit $100,000? I think that’s quite likely.”

Source (CryptoGlobe.com)

Crypto Trading Tips

The Dangers of Over Trading

Something I’ve noticed more and more in our premium group is that a lot of members are over trading and trying to catch the big gains, jumping from one coin to another, often out of losing positions trying to catch the winners.

If you’re in this situation it’s extremely important for you to build your confidence and your education when it comes to day trading.

The best thing you can do with a winning trade is to walk away and sit on your hands for at least a few hours before even thinking about entering into another trade.

Another important thing is to build up your confidence in trading with small wins. Go for 2–3% gains rather than chasing the big 20% gains that are so often see in the altcoin market.

By taking small profits like this, you gain confidence, you gain education and you get a feel for the coins you are trading.

You can watch a recent video about this at:

https://www.youtube.com/watch?v=IdVmzxHTWGo

Some Cryptos You Might Want to Look at This week

Here are some cryptos you might want to take a look at this week if you are a day trader and trading for the short term view. These are based on Technical Analysis using the daily chart.

Quarkchain (QKC) — 1,558 Satoshi

Ambrosus (AMB) — 5,195

AppCoins (APPC) — 3,388

Ark (ARK) — 2,409

Aeron (ARN) — 10,818

Bitcoin Gold (BTG) — 453,500

For more daily calls like the ones above please check out CYT Crypto Premium.

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