From now, I will open a Weekly Market Analysis on Sunday. I will try to give you important informations and solutions for next week. Stay tuned!

NEWS IN PAST WEEK

  • Last week, Tether minted 30 million USDT to the market and most recently, Tether continued to minted more 20 million USDT | Whale_alert
  • Bitfinex adds additional information to KYC requirements | cointelegraph
  • MenaPay Stablecoin Makes It Possible For Twitch Users To Tip Streamers | azcoinnews
  • BitMEX Cryptocurrency Exchange Holds 0.18% of All Bitcoins in Circulation | cointelegraph
  • Binance Users Can Now Buy Four Cryptos with Visa Credit and Debit Cards | cointelegraph
  • US Bitcoin Derivatives Market, Highlights of 2019 | cointelegraph
  • The Bank of Korea (BOK) to organize taskforce for Central Bank Digital Currency (CBDC) research | TheKoreanTimes
  • Ethereum Sells 90K Of Its ETH Token To Kraken | maishince
  • Google suspends MetaMask's Android client; rejects appeal | theblockcrypto
  • YouTube Says It Mistakenly Banned Hundreds of Bitcoin Videos, Still Hasn’t Restored Them | breitbart


BITCOIN OVERVIEW IN LONG-TERM


Markets always have the same psychological phases and never rise from Hope, but from Despair.
Now, we have just finished the Red phases and we have a high possibility to move sideways in boring Pink phase before coming the last Orange phase to close the Bearish market. So actually if you want to buy and hold BTC, you should wait around 3000-3200$ or even lower.

BITCOIN OVERVIEW IN MID-TERM
BTC is really very weak in both volume and position, we can see this clearly through indicators. So maybe BTC will continue to fall deeper and holding BTC at this moment is not a good idea.
However, I see some signs that BTC will quickly increase to $ 8000-9000-10000 by February. However, before that, BTC will fall sharply around the $ 5000-6000 range. Buy BTC in this range and wait for a sharp rally of BTC.
This scenario will be cancelled if there is a pump to over 8500$.
Good Luck!

BITCOIN LONGS POSITION ON BITFINEX
A few days ago, most of us were asking why the rate of Long position on Bitfinex increased sharply by more than 87% while this rate in other exchanges was not high.
And of course, whales are never wrong, the price of BTC has risen 20% from the bottom of $ 6400. But for now, the ratio of LONGS to Bitfinex is decreasing and the target will fall quite far, we should be careful.

BITCOIN DOMINANCE IN MID-TERM
BTC Dominance is continuing to form a bullish flag and the next target will be 78%, or more than 10%.
This is a terrible number for Altcoins' life. Holding Altcoin will almost cause loss.
Make sure the Altcoin you are intending to buy has a big reason to buy and make sure you have a clear, specific strategy for each possible scenario.
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TOTAL MARKET CAP
Total Market Cap is decreasing to $130-140B. I noticed this bad scenario from $250B and it is happening. The whole market is cashing out!

TOTAL ALTCOIN MARKET CAP
Total Altcoin Market Cap is decreasing to $30B. I noticed this bad scenario from $80B and it is happening! Altcoins are cashing out!

BINANCE COIN IN MID-TERM
Binance Coin is also in bad situation, we will start to accumulate BNB around 9$ and wait for next pump