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MARKETS UPDATE!

Hello our dear investors and partners!

Here’s a quick market update on BTC: USD.Since the halving event BTC had bounced between 10000-9000 range for basically two months now. Logically, where we see long periods of consolidation in a range like this, it usually means that a breakout in either direction is coming.We had a similar scenario like this in 2016, after the halving event BTC consolidated in a range between 700-600 for a few weeks before a dump to the 500 took place, this was due to miners selling their holdings in order to maintain their operation. So, does history repeat itself?
Well, there’s some data indicating that this might not be the case this time, we can see this from BTC mining data from ByteTree. They have a measure called MRI (Miners Rolling Inventory), which measures the change of BTC inventory levels held by the miners, looking at the value over the past 5-12 weeks MRI is just above 101.23% which means there's a very slight dump from the miner.Besides the fundamental mining data there is a rumor going around from multiple sources that PayPal and Venmo would be offering BTC buying and selling to their customers, and this might be the reason behind todays sharp reversal from the 9000 level back above 9300.

We wish you all the best and success!

Coinex Trade Platform Ltd.
UK Officially Registered Company.
Company Registration Number: 12088440
Incorporated on 5 July 2019

BITCOIN HALVING ALREADY HERE!

Hello our dear investors and partners!

It is always a debate on what Bitcoin will do in terms of pricing for a halving event. Some people believe that the halving is already priced in by the market and thus there's no expectation for the price to do anything. Others believe that due to price equilibrium, a halving of supply should cause an increase in price if demand for Bitcoins is equal or greater than what it was before the halving event. Let’s look into it.

BTC is expected to undergo Halving during this week, where the rewards for mining a block will be reduced.
This is the last chance for miners to get 12.5 BTC per block, as the rewards will be squashed to 6.25 BTC post halving.
The majority of miners can sustain the 6000 to 7000 price per BTC now as the rewards are high however post halving they become unprofitable.
That’s why we should expect 10,000 – 11,000 as It appears to be the sweet spot for over 70% of the miners to stay in the business.

Hash Rate has been peaking, moving towards the ATH during the pre halving increase of the BTC price. We’ve had a similar scenario on both the first (2012) and the second (2016) halving.
On 2016 we’ve had a 33% Pre-Halving increase of the hash rate as it went from 1.2EH/s to 1.6EH/s
The interesting part that we have to take into consideration is the post halving effect. On 2016, a month after halving the H/R started to decline, going from 1.6 EH/s to 1.4EH/s, as the miners who weren’t profitable after the reduction of the rewards per block did go out of business.

We wish you all the best and success!

Coinex Trade Platform Ltd.
UK Officially Registered Company.
Company Registration Number: 12088440
Incorporated on 5 July 2019

WILL HALVING HAVE A BIG IMPACT

Hello our dear investors and partners!

Starting off with the daily time-frame, as you can see that we’ve been moving in waves since taking off from the 3000 level we’ve been breaking resistance after resistance and forming new levels of support all the way up to 7000 resistance.As you can tell by the pattern, this week has been a bit different from the past weeks, as covered on the last analysis, after retesting the 6500 level last week Bitcoin did take off to the upside however it failed to break above the 7500 resistance - thus, indicating that the trend is exhausted and we could actually fall lower.

Apart from this, we also have broken and retested the trend-line on the daily time-frame that further suggest a short-term downside movement back to the support area of 6500.

Looking at the weekly time-frame, this is the 5th candle in the row that is failing to break above the 700/7100 resistance area . If this weeks candle fails to close above this area it looks like it will form a three pin formation, combining this with the last week’s candle that looks like a shooting star we could see a downside push. The red vertical line represents the date when BTC halving should take place so a downside push prior to this won’t really be a surprise.

We wish you all the best and success!

Coinex Trade Platform Ltd.
UK Officially Registered Company.
Company Registration Number: 12088440
Incorporated on 5 July 2019

MARKET SHAKING!

Hello our dear investors and partners!

Here is a market breakdown of BTC : USD on a weekly and daily time-frame.
Starting it off with the weekly time-frame the last weeks candle resulted with a textbook reversal exactly as covered on our previous update, falling from the likes of 10,500 all the way back to 8300.
Now looking at the current week’s candle you can tell BTC tried to continue its upside rally, however it rejected the previous support level of 9100 which took us back to 8300 thus forming a huge spike on the weekly which further confirms that the bulls are not just ready yet for the bullish rally continuation, and we might see further downside movement maybe to the 8000 support before any reversals take place.
To confirm this, we’ll take a look at the daily time-frame, and as you can see we’re in a downtrend and you can perfectly tell the rejection from the 9100 level.

On this time-frame you can see the importance of the 8000 level and its correlation with the ascending trend-line sitting just above it, that’s why we believe that 8000 should be retested before any reversals take place.

We wish you all the best and success!

Coinex Trade Platform Ltd.
UK Officially Registered Company.
Company Registration Number: 12088440
Incorporated on 5 July 2019

MARKET BREAKDOWN!

Hello our dear investors and partners!

Hello traders, here's a market breakdown of BTC : USD on the weekly time-frame.
If you checked our XRP:USD analysis you can already tell we have a similar situation with Bitcoin .
BTC absolutely rocketed from the 6500 level all the way up to 10500 during the bullish rally that we anticipated this January.
Since reaching the 10500 level BTC has been consolidating in-between this level and the 9300/9500 support which also correlates with the descending trend line that has finally been broken during this upside rally.
As mentioned on the XRP:USD analysis, BTC is currently being traded in a key decision level. In order to confirm the next possible target we should be closely monitoring the 9300/9500 support.

We wish you all the best and success!

Coinex Trade Platform Ltd.
UK Officially Registered Company.
Company Registration Number: 12088440
Incorporated on 5 July 2019

CRYPTOCURRENCY MARKET UPDATE!

Hello our dear investors and partners!

Here’s another update on BTC:USD on a weekly time-frame.
As you can tell, all the key levels from the last week’s analysis are holding pretty well. After full-filling the 78.6% FIB we reversed back below $9000, thus indicating that there’s not enough buying power at this point.
We’ll be waiting for the weekly closure to further confirm our take profit targets, as of right now the downside targets of 6000 and 5500 are still in play. This setup can only be invalidated if we anticipate a closure above 9000-9500 level, as long as price fails to break above the 78.6% FIB and the descending trend-line $6000 should be underway

Cryptocurrency once again boosted by geopolitical uncertainty. Fundamentally the US- Iran tensions were a major catalyst of the last week's unpredictable price jump of BTC , GOLD and OIL , however it looks now that it's being stabilized, thus we can begin analyzing the market from the technical standpoint and try to bring to light potential long term targets

We wish you all the best and success!

Coinex Trade Platform Ltd.
UK Officially Registered Company.
Company Registration Number: 12088440
Incorporated on 5 July 2019

HAPPY NEW YEAR!

Hello our dear investors and partners!

After ending the 2019 with a 2519.48% in profit, we are back with another breakdown of BTC:USD.
As you may know during the Festive Period of the year starting it off with Christmas, followed by the NYE - the markets tend to be at a standstill, and pretty much the same story goes to all the other markets - FX Market, Stock market... you name it. This is due to majority of the banks and institutional traders taking a Christmas break, thus we are being left with no liquidity and a choppy market. However this shouldn't be anything to worry about knowing that the Crypto Market is the most volatile market at the moment the Liquidity should kick in a few days and we'll go back to normal.

With this being said we'll keep this update on Monthly and Weekly time-frame only and try to identify long term targets for the year ahead.

We wish you all the best and success!

Coinex Trade Platform Ltd.
UK Officially Registered Company.
Company Registration Number: 12088440
Incorporated on 5 July 2019

MARKETS UPDATE!

Hello our dear investors and partners!

Here's a XRP USD chart on a 4 hour time-frame. After posting the BTC analysis and knowing that the BTC dominance has raised tremendously (around 70%) we would liked to make an update about how that can affect XRP.

While having a slow week so far, xrp has managed to keep moving in-between 2 key levels 0.265 and 0.255.
The price is currently sitting just above the .255 support which is actually correlating well with the 10150 level from the BTC article that I posted yesterday.
It made a small push to the upside just like BTC did, and it now came back to test this level one more time, thus forming a small ascending trend-line which it looks like its holding pretty good so far.

We wish you all the best and success!

Coinex Trade Platform Ltd.
UK Officially Registered Company.
Company Registration Number: 12088440
Incorporated on 5 July 2019

FRESH NEWS FROM COINEX TRADE PLATFORM!

Hello our dear investors and partners!

After last week's surge from the trend-line that was covered, lets look for other opportunities to profit off the market.
Keeping this on the daily time-frame only as the weekly time-frame has already been covered on the prior analysis, so let's get to it.

After that third touch of the trend-line at the 9600 region the price spiked all the way up to 10700 where it is currently being traded. This move resulted with a break above a very important intra-day level of resistance which I high-lightened with blue. This also looks like a H/S pattern still to be unfolded but as long as we maintain to stay above this level we should be headed towards 12000 region.

The Head and Shoulder pattern will only be taken into the consideration if we reverse back down towards the neckline.

We wish you all the best and success!

Coinex Trade Platform Ltd.
UK Officially Registered Company.
Company Registration Number: 12088440
Incorporated on 5 July 2019

CRYPTOCURRENCY MARKET UPDATE!

Hello our dear investors and partners!

Keeping it plain and simple on the $XRP chart. Since there's not much prior data history on this one we will be analyzing the Weekly and Daily time-frame for long term targets.
So, as you can already tell the last week's bearish movement resulted in XRP breaking below the weekly trend line that was never really been broken before. Which took us to the likes of .25 cents in a single movement and immediately reversed and closed back above the 29 cents baseline.
Even though this looks like XRP is going to continue bleeding, movements like this are very common on the Crypto sphere, so we'll have to look for both long and short term confirmations.

On the weekly, after that huge manipulative spike we anticipated last week, this week's candle closure will be decisive for us to know the continuation of the trend.
If we manage to close above the baseline then we can see XRP continue climbing higher towards the trend-line we just broke.
If we fail to do so then the price will continue to move back and forth in-between 29 and 25 cents, we don't see it to go lower than this because below the 25 support region we don't have enough historical data, which means if we break above this support we could melt towards 19 cents and lower, and that does not look possible and healthy for the market we're in to.

We wish you all the best and success!

Coinex Trade Platform Ltd.
UK Officially Registered Company.
Company Registration Number: 12088440
Incorporated on 5 July 2019

XRP MARKET UPDATE!

Hello our dear investors and partners!

Since BTC is moving in sync with our prior analysis, our cryptocurrency trading team wanted to do an update on XRP.
Here you will find a side by side Weekly and Daily time frame of BITFINEX:XRPUSD pair. On this pair we have to pay attention to two key level, the baseline of 29 cents and the resistance of around 36-37 cents. These two levels are hugely respected on the weekly time-frame, especially the baseline which correlates with the ascending trend line that was covered on the previous BITFINEX:XRPUSD article, that seems to be pretty strong after multiple retests and actually acted as a catalyst for many major upside pushes.

Judging by what we mentioned above and the historical price action, as you can already tell the XRP price is just above the trend-line moving in a box which we would like to call the Accumulation Area, which appears to be a perfect opportunity for accumulation before it replicates another spectacular push to the upside.
Another important thing that needs to be covered is the 42 cents area which correlates with the weekly descending trend line which we believe to have the same importance as the ascending one. Thus, this level would be our second upside target for XRP on the weekly time frame.
The first target as you already may know would be the 36-37 cents - the key level that was mentioned above which currently appears to be a huge level of resistance.

We wish you all the best and success!

Coinex Trade Platform Ltd.
UK Officially Registered Company.
Company Registration Number: 12088440
Incorporated on 5 July 2019

CRYPTOCURRENCY MARKET ANALYSIS FROM OUR TEAM!

Hello our dear investors and partners!

Our cryptocurrency trading team have prepared analysis which we would like to share with all of our investors!

On this analysis we will be focusing more on a short term perspective of BTC against US Dollar so I have chosen to break down the Daily and 4 Hour time frame.
We need to keep in mind that Bitcoin is currently being traded at around 9800 USD which is a weekly level of support, for BTC to reverse higher is mandatory to have a weekly closure above this level.

Taking it down to the lower time frame, on the Daily we have a strong Fibonacci formation as the C point is currently in between key reversal points that of 78.6 % and 61.8 %. For this to be confirmed as you might already know we need at least 2-3 confluences.
First one being a candle closure above 78.6% .
Second, the 9800 weekly support that was mentioned above also confluences with the Fibonacci reversal points and tends to hold up pretty well.
Taking it down to 4 Hour time-frame, you can see that we broke above the downtrend channel which is now being retested, ready to push higher toward the likes 10,500. And this would be our 3rd confluence that indicates an upside push.

We wish you all the best and success!

Coinex Trade Platform Ltd.
UK Officially Registered Company.
Company Registration Number: 12088440
Incorporated on 5 July 2019

WELCOME TO COINEX TRADE PLATFORM LTD.!

Good day our dear investors!

We are glad to announce that after years of prepare and long road that we have passed it's time to open our door for global investors!

Coinex Trade Platform Ltd. company will be providing successfull cryptocurrency trading activity for investors around the globe!

You can check all the information about investment services that Coinex Trade Platform providing at the webpage!

Let's start earning with Coinex Trade Platform Ltd. company!

We wish you all the best and success!

Coinex Trade Platform Ltd.
UK Officially Registered Company.
Company Registration Number: 12088440
Incorporated on 5 July 2019