NFTs become more and more popular day by day.

Alibaba launches NFT marketplace for copyright trading. Chinese multinational e-commerce firm, Alibaba Group Holding, has launched a new nonfungible tokens (NFTs) marketplace allowing trademark holders to sell tokenized licenses to their intellectual property.

https://cointelegraph.com/news/alibaba-launches-nft-marketplace-for-copyright-trading

Long IOTX/USDT.

Broke out of the trendline. Expecting 15% to 25% profit.

Entry: $0.0827 to $0.08665

Target:

$0.0939
$0.0992
$0.1058

SL: $0.07930

Buy some IOST/USDT.

Breaking out of the triangle.

Entry at CMP and accumulate between $0.0318 to $0.0329

Target: 10% to 15%

SL: $0.031046

BTC in 4 hours chart.

BTC is currently retesting the support level. We could possibly see BTC reaching $45300 and from there a bounce which will possibly lead the price towards the $50k level. It might happen happen overnight but yes it is possible.
On the other side, if BTC fails for break the support and falls further down then we have the 100 MA at $43100 as the 2nd support for BTC.

So, if you have taken any trades then put your SL cause this uncertain market can move in any direction.

Stay tuned for the upcoming updates.

​Cabinet to Take up cryptocurrency Bill Soon, awaiting clearance: N Sitharaman:-


https://coinmomo.com/article/cabinet-to-take-up-cryptocurrency-bill-soon-awaiting-clearance-n-sitharaman

Looks like we are going on a dip towards the $43k level.
Hope you guys traded or trading with your SL on.

The market is bouncing back but is it the real bounce?

BTC instead of reaching $43k, it rather bounced back from the $44k level. According to the TA, BTC was supposed to bounce from $43k. Well, in this volatile market, we cannot be 100% sure that the market will reach the said target.

Current scenario, if the green candle continues to grow then BTC will try to reach the 21 MA resistance which is at $46k and a breakout above this MA will possibly lead the price towards the $50k level. A further fall or rejection will pull the price back to the $43k level.

So, let's pay close attention towards the market.

Stay tuned.

Hashrate resuming more than half of the downward movement

What was the biggest correction in the computational strength of BTC, occasioned by the ban imposed by China, prompted miners to quickly shut down machinery and switch regions.

-70% since the last ATH, has now been recovering and clocks in at 0.618 FIBONACCI, just -30% off the all-time high.
The difficulty in the period has corrected twice, to maintain the average of 10 minutes per block, reaching levels seen since June 2020, shortly after the Halving event took place.

Quick BTC update on 2 hours chart.

BTC bounced back from the lower trendline and after reaching the 21 MA, it got rejected once again.
BTC is struggling to stay above the 21 MA and is constantly getting rejected from the MA. If it fails to maintain this level and continues to get rejected then we may soon see BTC at $43k level and from there a possible bounce towards the 21 MA again.

The 200 MA is a very crucial zone for BTC and a break down below this MA will be a nightmare for BTC.

Stay tuned for more upcoming updates.

Bitcoin exchange flows have returned to a dominance of outflows through August as investors withdraw $BTC.

The market has transitioned through a number of phases of exchange flow dominance over the last year, with outflow dominance last seen in late 2020. After that bull run is started and btc reached $64k. Let's see what happens this time. IMO $100k is highly likely by the end of this year.

We have entered the 200 MA. This is going to be very intense. We may see a possible bounce from here but for how long? May be till the 21 MA ($45k). A further break down will be a problem for BTC.

Let's see how the price react on this level. We will keep things updated so stay tuned.

Binance will Delist SNGLS and VIA.

https://www.binance.com/en/support/announcement/3b0938634d1a454d926f0b84b0a20578

The Hash Ribbon has been flashing “BUY” for 10 days.

The last time it flashed blue Bitcoin went up +258%

That would take Bitcoin to $157K
- IF we repeated those gains from here.

Indeed we saw a good bounce in BTC. It bounced straight from $44141 to $45950 (4%). This sudden rise in BTC gave a small room to breadth for the altcoins. Continuation of this rally can possibly lead the price to $47k.

More updates coming in.

BTC has reached our said target. Now, will it retrace back from this level.
Quite possible. BTC can retrace back after this 7%-8% rally.
What we need to observe is-

1. Hourly candle breaking and closing above the resistance for bullish move.
2. Rejection from the resistance and forming a back to back red candle for bearish move.

Expecting a small retracement. If BTC don't show any retracement then we may possibly enter $49k.

Stay tuned for more updates.

85,000 merchants in Switzerland can now accept Bitcoin payments thanks to a partnership between WorldLine and Bitcoin Suisse!

Merchants in Switzerland can now accept cryptocurrencies as a means of payment for goods and services, following a deal between one of Europe’s leading payment providers, Worldline, and crypto finance and technology pioneer Bitcoin Suisse.

BTC is finding it hard to break above the $47400 level. All we need is a close above the blue box for better confirmation. A rejection from this level can possibly drop the price back to $44600 to $45800 level.

Let's keep a close eyes on these levels.

All we need was a breakout and it happened.
Can we expect a retracement? Possibly yes but it is also quite possible that BTC can reach $50k soon.

Will Bitcoin repeat the history of gold?

In 1975, the market cap of gold peaked at 1.2 trillion, corrected by 50%, and then shot straight up to $5 trillion.

In 2021, Bitcoin topped at $1.2 trillion, corrected 50% and guess what might follow to gold.

I think yes Bitcoin surely surpass the market cap of gold sooner or later because Bitcoin has only 21M supply and gold has infinite supply.

Bitcoin holding above $48,000. The next phsycological resistance is at $50,000. The real fomo begins after it. Also keep in mind that weekend is here so we may see some volatility in the market. Be safe.

Open long orders on BEAM/BTC.
Currently, it is at the accumulation zone. Expecting 300%+ profit in the next couple of months. Got lots of event coming in for BEAM.

Entry: 1189 to 1509 sats.

Targets:

2288 sats
2945 sats
3678 sats
4437 sats

Remember: This will be a mid-term trade so accumulate every dip to average your entry in spot.