Bitcoin testing lows, BitFinex premium panic buyers. SEC cracking down on ICO securities and DEX's

After a strong buying momentum move after Finex banking panic. It seems the market felt the best decision was to russle it. Majority of emotional participants are always attractive to manipulate.

Meanwhile the SEC has truly cranked up actions against the unlawful ICO securities. Projects are slowly learning things go more smoothly when products are real and active instead of vaporware salesmen.

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Trader Psychology and the Analysis of Behavior in Financial Markets

Markets are influenced by the speculative behavior of the people that are active in them. For a long time fundamental and technical traders debated what really provided the edge in this battlefield. Recently though there has been a shift in the perception of it's reality, the fields that cover this: behavioral finance & economics. Deciding whether to risk ones money based on information with only the promise of a possible return easily triggers an emotional response and even though our outside brain cortex has given us the power to high cognitive function, science actively seeks out contrary opinions to prevent our observations becoming biased. Analyzing a market works in a similar way, you make an observation which can be anything from a sideways market setting up, to a trend in progress. This observation gives you a signal of opportunity and the decision making process begins.

CBOE launches Bitcoin futures, with volume!

As announced by the CBOE on the 10th their platform launched a Bitcoin futures market, by this move they beat CME and this showed as they instantly had volume. This means the coming weeks gonna be important to watch in the Bitcoin market, the question is if large coin holders are looking to hedge down or that players looking to short the top of the bear market are coming in to cause at least a short term squeeze which could put us again at new highs. What ever is gonna happen the days between now and the end of the year are definitely to be watched for opportunity for the speculator, this also counts for other cryptocurrencies like Ethereum and a lot of the altcoins that have been steady accumulating.

A new Crypto Super Cycle, Van Eck MVIS OTC Index

Markets can trend for years ride on hype, export markets of commodities are cornered by cartels that have the advantage of information of their own large OTC transactions. Whatever market you are in just envision who the large exporters are and most likely they will be the people in control. The same goes for crypto, Bitcoin has had a supercycle since 2016 and now another 6-7 months consolidation as the market has seen before, OTC hype is strong amongst institutions interested in the trade, this goes as high as the governments investment funds. I believe we are in for the next crypto super cycle and we will see some interesting decentralized applications come out of this.

The Urban Elitist - Markets for Mere Peasants - Crypto, Bitcoin, Forex, Commodities Analysis

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