DayTraderCoin (DTC) Rebranding

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The DayTraderCoin (DTC) team has been wanting to expand into its targeted markets but has run into the problem of finding reliable trustworthy developers to bring ideas to fruition. The team thinks this stumbling block may finally be removed. As of today October 1 2016 the team will be rebanding so that the coins image & functions properly reflect its target audience. Stay tuned for more updates.

BTC BITCOIIN

BTC – Bitcoin & Equinox

Click Chart to Enlarge
Click Chart to Enlarge

 

BTC: Bitcoin & Equinox

 

Here is an interesting pattern Bitcoin (BTC) seems to be following. Basically Equinox is a seasonal pivot. In an uptrend it confirms as a higher low and then slowly grinds up. In a downtrend there is a subsequent low followed by a push to the upper BBand. During the current extended bull market BTC price action going into Equinox has marked a push to the Lower BBand into oversold conditions on the StochRSI before going back to the greater uptrend trend.

 

The next, and most crucial, part to look at is the purple resistance and how equinox is located near the later stages of the large triangle being created. Buy support for this price study theory is located at the Lower BBand on the 1D chart. The breakout above the purple resistance is an OK buy point. The best point to buy & hold for the larger move starting perhaps in December would be buying the retrace after the breakout of the purple resistance. Current projections have movement starting near American Thanksgiving and topping around Chinese New Year.

 

 

Charts are powered by the SCMR Analysis Suite on Tradingview.com

BTC Tip-Jar: 18BBg2dhuvxqwoH9u1sVeEwMgMqESAZ79a

Disclaimer: http://www.coinstreetnews.com/disclaimer/

 

 

 

 

 

How to use Bitcoin Paper Wallets (Cold Storage)

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Bitcoin Paper Wallets (Cold Storage)

On Aug 2 2016, the second largest Bitcoin Heist of all time took place, second to only the infamous Mt.Gox

A few members have asked about how to set up Cold Storage. This page explains how to make a Paper Wallet.

I chose this method because I find it to be the most secure. This is because it’s done offline, fast & easy.


Creating Paper Wallet

  1. Go to https://github.com/cantonbecker/bitcoinpaperwallet/archive/master.zip
  2. Then Disconnect the Internet (yes you can create Address’s offline)
  3. Unzip File and open generate-wallet.html
  4. You’ll have two options;
    1. Move around your mouse till Encryption is completed
    2. Type random Keys in the box.
  5. Chose your wallet Design from the drop-down menu.
  6. Tab 1- Calibrate Printer; You Print the Ruler and makes sure its correct on the Print. “Mine is almost never perfect, but it works”
  7. Tab 2- Print Front Side;
    1. Near the top Check the box” BIP38 Encrypt” Enter a Complex and long password and SAVE IT,
    2. Then hit the print button. I like to Save a PDF file and store it on CDs (USB is ok) and store it in a safe place a good idea would be to give 2-3 copies friends to just in case. They cant take your BTC unless you reveal your password,
    3. Print the paper wallet
  8. Tab 3- Print Back Side;
    1. Flip the wallet paper over, put it back in the printer Print.
    2. Then Cut it out if you’d like.
  9. Congrats, you have created an Offline Paper wallet!

 Deposit and withdrawal

To Deposit

  1. Scan your public address QR Code and send your BTC,
  2. Without a webcam or a mobile phone you can manually type in the Address. please be very careful,

 

To Withdraw

The fastest way is to use Mobile Bitcoin Wallet (Download here), in the settings theirs is a button to sweep the paper wallet. Scan the QR Code of the Private Key and then your done

The Bitcoin Core method
  1. Download the Bitcoin Core Wallet (Download here). It will have to sync up for a day or two if you haven’t already had a BTC Core wallet. Keep in mind, its about a 65GB Download.
  2. Once the Wallet is Synced, open the generate-wallet.html and go to the tab called “Validate or Decrypt” then enter or scan your private key.BTC Private keysIf you have set a BIP38 Encryption it will prompt you to enter it.
  3. Then it will process.
  4. In the meanwhile make sure you BTC wallet is Running
  5. If your BTC wallet is encrypted you will have to Decrypt your wallet buy going to Help/Debug Windows/Console. Use the command Right under. Replace YOUR PASSPHRASE. This will allow it to be unlocked for 900 seconds.
  6. walletpassphrase "YOUR PASSPHRASE" 900
  7. Go back to the Webpage that you used to validated your key, scroll down till you see the Private Key WIF. Replace YourPaperWalletPrivateKey with the WIF Key. Keep in mind when you enter it, the wallet will re-scan the Blockchain to look for transaction with this address. This will take some time,Private Key WIF
  8. importprivkey YourPaperWalletPrivateKey "OPTIONAL LABEL"
  9. Once scan is complete the BTC is now in your wallet, Do not reuse the paper wallet
  10. There are other wallets you can use. Here is a Link to a more in-depth Step-By-Step on how to Sweep a Paper Wallet. https://bitcoinhelp.net/know/more/send-from-paper-wallet

If you have any further questions please leave a comment Below

 

TIP-JAR: 18BBg2dhuvxqwoH9u1sVeEwMgMqESAZ79a

 

Sources:

ANDROID WALLET: https://play.google.com/store/apps/details?id=de.schildbach.wallet&hl=en

https://bitcoinhelp.net/know/more/send-from-paper-wallet

https://github.com/cantonbecker/bitcoinpaperwallet

 https://bitcoinpaperwallet.com/bitcoinpaperwallet/generate-wallet.html

 

BTC BITCOIIN

Bitcoin (BTC) as a Wyckoff Price Structure

Wyckoff Price Structure

 

The Wyckoff market models are an invaluable tool for traders. I highly recommend you know them inside and out. With that in mind there is such an incredibly large amount of info, charts, and stats that could be used to compile this article. It seems far easier to explain with a 5min video than rather than 2000 words of typeset,  that’s just boring. Below is a chart that represents an overview of the information in the video. After you are done viewing do not forget to subscribe to the CSN YouTube channel for instant updates.

 

BITCOIN
Click Chart to Enlarge

 

Charts are powered by the SCMR Analysis Suite on Tradingview.com

July 9th, 2016

BlackCoin BLK

BlackCoin (BLK)

BlackCoin

 

 

Blackcoin recently broke below the long term horizontal support but it is looking like it might have been a giant fakeout. We are exploring this possibility for many reasons. The weekly chart seems to show 3 bull market fractals with what should be a 4th to follow due to the StochRSI crossing 50 and trending towards oversold.

 

The daily chart is showing a pick up in volume and then a large volume spike very recently. That spike was used to get the price back to the resistance, which was the old long term horizontal support so easily seen on the weekly chart. At this point in the game it seems far safer to use the horizontal line as the long/short trigger.

 

There are a couple of reoccurring price patterns that are examined in the video contained within the post. The one has the price retracing from the current level to about 4200 satoshi’s before marching up to new highs. The other has the price finding support at the current before waving upwards into a significant spike.

 

I have not really been spending much time trading altcoins due to bitcoin being in a bull market. The volatility of the sell offs is very profitable and far more liquid than altcoin markets. However it seems BTC is running out of steam on this rally which then allows time & money to flow into altcoin markets. There are such an enormous amount of altcoins and the ability to research them all is impossible. CSN will instead focus on the quality established altcoins that have upside potential and a decent amount of liquidity. I am sure smaller cap alts will be covered too but will only focus on ones in accumulation patterns and not ones in any sort of bullish trend because the ability to enter and exit the market is difficult on such small cap altcoins.

 

BlackCoin BLK
Click Chart to Enlarge

 

Charts are powered by the SCMR Analysis Suite on Tradingview.com

July 7th, 2016

youtube

Coin Street News YouTube Channel Launch

YouTube Channel Launch

 

Coin Street News is proud to announce the launch of our brand new YouTube channel. As always the focus will be on technical analysis and some news stories thrown in for variety. We will also touch on indicators, wave structures, price action and more. Please subscribe and feel free to comment on the videos with any questions you have regarding technical analysis and price trends.

 

The first video is analysis of the current Bitcoin (BTC) bubble pattern and where the key bull/bear pivot is located.

July 5th, 2016

 

BTC BITCOIIN

Bitcoin Pivot

 

bitcoin bull Trend Pivot

 

Ƀitcoin is at a major price pivot right now. The structure of the last 3 bull market moves (see chart at the bottom of the page) is very similar, and in the coming days it will have to pick a direction. Currently the price action is more like the bullish fractal in the center of the chart than the bearish one to the left of the chart. The daily candles are printing neutral grey, which is too bad because even the slightest bit green or red will kick start a trend.

 

There was not a large blow off top price spike to mark the top of this last bull run, so the possibility of more upside has to be entertained. The StochRSI is about to cross 50 and head to oversold. We are seeing clear diminishing volume on the chart as well. This is important because that type of volume profile resolves itself with a large move and rarely a small one. If this plays out we could see upside action for the last half of July with targets based on the FIB Extension tool.

 

Often I talk about trend lines and triangles, but the short term chart (the fist chart below) is hinged on a horizontal level. The daily candles are not green thus crucial to know your personal “line in the sand” so you can exit before a bear trend begins. Chances are that line in the sand is the lower yellow line on the chart seen below. Wicks are important too, but when that many candle bodies form a straight line then that horizontal level becomes the key pivot on the chart. That is what I see happening thus the level of about $665 is the bearish pivot zone.

 

Bitcoin
Click to Enlarge

 

Bitcoin
Click To Enlarge

 

Charts are powered by the SCMR Analysis Suite on Tradingview.com

July 4th, 2016

 

PeerCoin p2p

Peercoin (PPC)

Peercoin
Click To Enlarge

PEERCOIN

 

PPC:BTC has been following the last fractal of the crash cycle to a tee so far. The main price action has been to pump, brake through previous lows and then eventually pump back up in a short squeeze/stop run type of manner…that being a hard & fast pump going right to the previous support & back down again.

Unless Peercoin can consolidate in the current range it seems destine for more down side pressure. The candles switching from red to neutral grey on the daily is nice to see. But again the consolidation must not breakdown because once red candles start to print again there is not much stopping it from making new lows yet again. Much like LTC the fate of PPC will be determined by how long BTC is going to stay bullish. Once BTC waves off for the summer markets like PPC & NMC should see more upside price action.

Charts are powered by the SCMR Analysis Suite on Tradingview.com

June 30th, 2016

LiteCoin Bitcoin

Litecoin (LTC)

Litecoin
Click To Enlarge

Litecoin

 

Though the LTC:USD pair tends to move with the price of BTC:USD, the LTC:BTC pair does not. It has been getting pummeled through out this Bitcoin bull market. The 2 horizontal yellow rectangles are the only times LTC:BTC has had a 100% retrace of a large scale move. The price is falling back into the support zone. However, considering LTC’s recent history it may only have a small bounce before making new lows.

The trade is waiting for the price of BTC to top out and then play the bullish LTC:BTC waves upwards. One could take a small position inside this box the price is selling into now, but the week is far from over and caution should be advised with BTC:USD breaking above resistance from the last sell off.

Charts are powered by the SCMR Analysis Suite on Tradingview.com

June 30th, 2016

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