The futures price of Hamster Kombat, a popular electronic trading asset, has experienced a significant drop in recent trading sessions. Market analysts have pointed to a combination of factors contributing to the sudden decline, which has sparked discussions among investors and traders about the future of this highly volatile asset.
Hamster Kombat has been a favorite among speculative traders, known for its rapid price fluctuations and high trading volumes. The recent decline in its futures price marks a notable shift in the market sentiment, which had previously seen a bullish trend in this asset class. The drop has been attributed to a mixture of broader market adjustments and specific developments within the trading environment.
One of the primary factors influencing the price drop is the ongoing recalibration of the electronic trading ecosystem. Market participants have been adjusting their positions in response to changes in liquidity and market-making activities, leading to increased volatility. The shift in trading volumes, along with heightened scrutiny from regulatory bodies, has also played a role in the downward pressure on Hamster Kombat futures.
Additionally, the asset’s price has been influenced by technical factors, including changes in trading algorithms and the recalibration of risk models by major market participants. These adjustments have resulted in a re-evaluation of the asset’s risk profile, prompting some traders to reduce their exposure.
As the market continues to react to these developments, the future of Hamster Kombat futures remains uncertain. Traders and analysts will be closely monitoring the situation to gauge whether this price drop represents a short-term fluctuation or a more prolonged trend.
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K BITCOIN PRICE VERTICAL ASCENT IN COMING MONTHS WILL IGNITE MANIC PHASE TO CATAPULT BTC TO 5K
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A cryptocurrency trader who accurately predicted last year’s Bitcoin crash has updated his BTC price roadmap.
The pseudonymous crypto strategist known as ‘Dave the Wave’ says Bitcoin has already resolved the large symmetrical triangle that has kept the market bearish for over two years.
He now expects the Bitcoin price to launch a vertical ascent to $24,000 in the coming months.
Based on Dave’s chart, Bitcoin will likely continue trading inside another triangle until the second quarter of 2021.
The breakout from this pattern could ignite a manic phase that would catapult BTC to $115,000.
He also says one altcoin that was hammered during the brutal bear market has massive upside potential.
Dave the Wave tells his 34,000 Twitter followers that South Korean blockchain interoperability protocol ICON (ICX) may be gearing up for a parabolic breakout after languishing in bear territory for over two years.
During that period, ICX wiped out 99% of its value as the coin nosedived from its all-time high of $12.64 to a bear market low of $0.106937, according to CoinMarketCap.
According to Dave, the huge devaluation puts ICX in a position to surge to $102.56 and post astronomical gains of 22,947% in the next bull cycle.
In other trending Bitcoin News today:
MicroStrategy Purchases $250,000,000 in Bitcoin, Says Top Crypto Can Maximize Long-Term Value for Shareholders
MicroStrategy has adopted Bitcoin (BTC) as its reserve currency — and stunned commentators by purchasing over 21,000 BTC on Aug. 11.
The world’s largest publicly-traded business intelligence company has swapped fiat for Bitcoin as its treasury reserve asset, but the reasons behind it suggest that more big businesses will have no choice but to do the same.
Why did MicroStrategy choose Bitcoin, and will others follow?
In a press release issued on Aug. 11, CEO Michael Saylor went further than most by calling Bitcoin “digital gold.” With no “ifs” or “buts,” Saylor unreservedly plugged the largest cryptocurrency over both fiat and other traditional safe-haven assets such as gold.
“Bitcoin is digital gold – harder, stronger, faster, and smarter than any money that has preceded it,” he commented.
That angle closely mimics some of Bitcoin’s foremost proponents, notably Saifedean Ammous, who in his book, “The Bitcoin Standard,” repeatedly explains that so-called “digital scarcity” puts Bitcoin in a separate league to any other form of money which has ever existed.
Like Ammous, Saylor also believes that Bitcoin’s very structure will ensure that its value will only increase with time.
He added: “We expect its value to accrete with advances in technology, expanding adoption, and the network effect that has fueled the rise of so many category killers in the modern era.”
Bitcoiners were particularly excited about MicroStrategy because it unashamedly replaced fiat currency for cryptocurrency.
Its purchase of 21,454 BTC for an aggregate price of $250 million late last month may not only be symbolic (given the total 21M BTC) but it also means that the company controls 0.1% of the total Bitcoin supply — something competitors will find increasingly expensive to replicate.
“MicroStrategy bought 0.1% of the Bitcoin supply. Very few companies will be able to copy this strategy,” What Bitcoin Did podcast host Peter McCormack tweeted in response.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
https://cointelegraph.com/news/3-reasons-why-microstrategy-adopted-bitcoin-and-why-others-will-too
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5 COINS TO MILLION: THE FINAL 5 – TEEKA TIWARI PICKS | Bitcoin Price Eyes Close Above ,0000
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Discover the ‘Final 5’ Teeka Tiwari picks of 2020 before the infamous BTC halving.
Regardless what happens next to the Bitcoin price, these cryptocurrency projects from Teeka simply cannot be ignored….
“FIVE Tiny Cryptocurrencies That Could Turn $500 Into $5 Million… Thanks To A Crypto Market Phenomenon Guaranteed To Hit In Roughly 50 Days”
This Could Be The Biggest Millionaire-Making Event In Human History (It’s NOT The Bitcoin Halving) For the past six months, Teeka Tiwari – the independently ranked #1 most trusted person in crypto – has been on a world tour, investigating a rare crypto market phenomenon…
100% guaranteed to happen only once every four years. (It’s not the halving. The answer may surprise you.)
Over 100 billionaires and wealthy investors are in a buying frenzy right now, preparing for this phenomenon.
The last time it occurred in 2016 (we won’t see it again until 2024), you could’ve turned $500 into as much as $5 million – in 10 months.
During this landmark online training event, Teeka will fly you to the hidden-in-plain-sight epicenter of this phenomenon… so you can see with your own eyes: It’s real.
It’s 100% guaranteed to hit in roughly 50 days. And it could be bigger than any other phenomenon before.
Bitcoin (BTC) Eyes Close above $14,000, According to Textbook Technical Indicator
A textbook technical scenario brewing inside the bitcoin market could send its prices above $14,000.
Crypto analysts highlighted earlier this week the potential formation of an Inverse Head and Shoulder (IHS) pattern.
Investopedia defines it counter, which is called Head and Shoulder Pattern, as a “reliable” indicator in predicting an asset’s bullish-to-bearish trend reversals.
Therefore, its inverse version appears bearish-to-bullish to crypto traders. Bitcoin’s recent price action has led it to partially complete IHS.
It ideally resembles the establishment of three lows, with the middle-low the deepest.
So far, bitcoin has made two lows (one ‘left shoulder’ and the other ‘head’).
It is yet to complete the IHS by making the third one, as shown in the chart below, followed by a bounce towards the neckline.
That typically means that bitcoin could first crash towards the low established earlier by the Left Shoulder.
The fall could be anywhere between $7,800-8,054.
Then, the same area could serve as support to attract more buyers, leading to an upside retracement towards the IHS’s neckline of $10,190.
Bulls could push the price further above the neckline, leading to a breakout scenario.
The IHS breakouts typically lead price higher by as much as the pattern’s height.
In the current case, that height is about $400.
With that said, bitcoin’s close above the IHS neckline could have traders wait for a close above $14,000 in the medium-term.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
So I think May 2020 #bitcoin halving will produce similar results (red dots) as 2012 and 2016 halving. Why? Co-integration! ELI5: S2F and btc price stay together. Look at the white dots (1 means btc price is exactly S2F model value), btc is above and below model value EVERY YEAR. pic.twitter.com/kfrejvrRA2
— PlanB (@100trillionUSD) March 4, 2020
Cut interest rates and print money.These are the tools of central banks.And they’re going to abuse them at the exact moment we head into the Bitcoin halving.
Even Hollywood couldn’t write this script 🤯https://t.co/lZqqIFJDNu
— Pomp 🌪 (@APompliano) February 29, 2020
Bitcoin Eyes Close above $14,000, According to Textbook Technical Indicator
https://cointelegraph.com/news/bitcoin-not-affected-as-us-fed-prints-equivalent-of-98m-btc-in-1-day
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I’M PUTTING MY BILLION IN BITCOIN, SAYS RICARDO SALINAS!! JOHN MCAFEE FOUND DEAD AT AGE 75!!
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Billionaire Ricardo Salinas talked with the director of Blockchain Land about his investment in Bitcoin. Salinas has said that he has 10 percent of his assets in BTC. Salinas has always been an advocate for Bitcoin. He posted on his Twitter profile that paper is worthless. And the best thing to put your money in is Bitcoin. The third richest man in Mexico has revealed that he is not afraid to put his money in BTC.
In other trending Bitcoin News today: Remembering John McAfee: Computer programmer and crypto evangelist dead at 75! Many may remember McAfee for being unapologetically outspoken for his thoughts on government overreach and for being a unique character in the crypto space. According to a report from Spanish international news agency EFE, John McAfee was found dead in his prison cell at the Brians 2 Penitentiary Center on Wednesday.
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Trezor: ► http://trezor.cryptonewsalerts.net
Ledger: ► http://ledger.cryptonewsalerts.net
DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
I’m Putting My Billion In Bitcoin, Billionaire Ricardo Salinas
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