VeChain Buyback Crypto Wallet Hacked of 1.1 Billion VET

Cybercrime is rife across the crypto industry, ranging from SIM-card swap hacks, phishing attempts, password cracking, and even cryptocurrency mining malware. Today, the altcoin project known as VeChain experienced that first hand.
The project’s buyback wallet containing a substantial amount of VET tokens was hacked, and the VeChain Foundation is now hard at work doing their best possible damage control and trying to lock down the stolen assets.
VET Buyback Wallet Compromised, 1.1 Billion Tokens Stolen
According to the VeChain Foundation, via both Twitter and a detailed Medium post further explaining the incident in full, on December 13 at 8:27PM, the foundation’s buyback wallet was “compromised” with hackers making off with “approximately 1.1 billion VET tokens.”
Related Reading | Bolster Your Personal Opsec With This Crypto Investor Checklist
The hacker transferred the 1.1 billion stolen VET tokens, valued at roughly $6.4 million at current VET prices, to the blockchain address 0xD802A148f38aBa4759879c33E8d04deb00cFB92b. The VeChain Foundation has tagged the address, so that any addresses the hacker attempts to move the funds to can also be traced, in hopes of preventing the hacker from ever cashing out the stolen crypto.
VeChain Foundation Vows To Get To The Bottom Of Hack
The VeChain Foundation has taken a number of steps to prevent further issues from arising from the hack, including immediately coming forward to the community with details as soon as possible after the hack occurred.
In addition, they’re reaching out to all crypto exchanges across the market, asking them to “monitor, blacklist, and freeze any funds coming from the hacker address.” They’ve also launched a full-scale “investigation” into the address to determine “motive, method, and data flow” behind the “malicious act.”
VeChain Foundation has also enlisted a team of blockchain and cybersecurity experts to assist with the research, and are conducting a security check of all other wallets related to the foundation to ensure no other wallets have been compromised. Lastly, the incident was reported to local law enforcement in Singapore, who will also investigate the crime further.
The team plans to issue another update once more information is available and is doing its best to be transparent with holders of VeChain tokens.
VeChain had been climbing in recent weeks on the heels of a mention in a Chinese newspaper but has since collapsed following the hack. VeChain has fallen over 6% in the last hour since the news broke across the internet and crypto Twitter and is down 15% over the last week as the asset’s rally began to cool off.
Related Reading | VeChain Price Surges 120% After Chinese Newspaper Mentions the Crypto
Hackers flock to cryptocurrencies, according to one Google security expert, who says that they can’t resist the layer of psuedo-anonymity they provide and the fact they exist digitally, making it easier for them to access as a result.
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Room To Fall: Ethereum May Be Down 90% But ICO Investors Are Still Up Over 400x

The price of the second-largest cryptocurrency by market cap, Ethereum, may be down as much as 90% from its all-time high price of over $1,400, but ICO investors are still up over 400x on their initial investment.
Could this suggest that Ethereum has a lot more room to fall, despite seeing most of its 2017 bull run gains evaporate already?
Early Ethereum Investors Are Still Up Over 400x On Initial Investment
Ethereum today dominates the cryptocurrency market alongside Bitcoin and Ripple. The big three are the first investment choices for those considering exploring the world of crypto assets.
Related Reading | Ethereum Fractal Suggests Altcoins Could Soon Outperform Bitcoin 
But compared to Bitcoin, Ethereum is relatively young, born from an initial coin offering back in 2015. At the time of the altcoin project’s release, it was available to early ICO investors for just 30 cents per ETH.
At today’s prices, as one crypto analyst points out, ICO investors are still up as much as 400x on their initial investment, suggesting that although Ethereum’s price has declined significantly over the last two years, the earliest investors could continue to cash out with extreme gains, bringing the price of the number two crypto asset by market cap even lower and lower.

$ETH is down 90% since it's highs @ $1400 currently sitting at roughly $147.
Which means the ICO investors are still up by 474x#roadtodoubledigits pic.twitter.com/6dHKxT9O8G
— CryptoDude (@cryptodude999) December 10, 2019

ICO Investors Could Still Dump ETH At An Enormous Profit
Ethereum ballooned to an all-time high price of $1,400 at the height of the crypto bubble due to the ICO boom. Ethereum itself was born from an ICO, but later became the de-facto crowdfunding platform for launching new ICOs as ERC-20 tokens.
Ethereum was bought up at any price for investors to quickly trade in exchange for early access to altcoin presales, hoping to get in at the ground floor of the next Bitcoin, and dreaming of striking it rich.
But those dreams quickly turned into nightmares, as ICO investors quickly realized they had bought into a fly-by-night coin offering next to no use case or utility, and whose value had started to decline sharply once interest in the crypto industry waned.
ICO investors began to unload altcoins in droves, driving the price of nearly every altcoin across the market down. Even Ethereum, saw up to 90% of its gains eliminated in the selloff.
Related Reading | The Worst Is Yet To Come For Altcoin Market Cap
Much like those early ICO investors who bought into hyped new coins during the ICO boom of 2017, early Ethereum investors are now left with a decision: continue to hold in hopes that Ethereum’s price reaches another all-time high, or cash out now while there are still gains left to secure.
If Ethereum continues to fall, even the earliest ICO investors may begin to capitulate and take what little profit is left remaining.
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Bitcoin Price: Bear Pennant Targets $4,600, Has The Breakdown Begun?

Bitcoin price has been steadily falling, locked in a downtrend over the course of the last few months, taking the price of the cryptocurrency to roughly 50% of the year’s high of $14,000.
After the latest sustained drop, Bitcoin has been consolidating in what now appears to be a bear pennant chart pattern formation, which suggests that yet another drop is ahead, and could take the price of the leading cryptocurrency by market cap to as low as $4,600 in the days ahead.
Bitcoin Price Forms Bear Pennant At Bottom of Downtrend
Once Bitcoin’s parabolic rally cooled off this summer, the first-ever cryptocurrency began to decline in price and has fallen back into a downtrend. In late October, the tides had appeared to be changing, with the crypto asset setting a historic single-day gain of over 40%.
Related Reading | Eat My Shorts: Everything You Need To Know About The Bitcoin Bart Pattern
But that rally turned out to be little more than a bearish retest of former support turned resistance, that only further cemented Bitcoin’s decline in the days ahead.

Let's keep it simple – as a bear pennant(and a bit crazy as for a target)#NoWayItWillHappen$BTC $BTCUSD #bitcoin pic.twitter.com/NJfFnWU4hx
— CryptoHamster (@CryptoHamsterIO) December 10, 2019

After the burst of buying and FOMO on the heels of China news, the cryptocurrency resumed its downtrend, and the latest fall took the price of the asset from a local high of $10,500 to as low as $6,500 before bouncing and consolidating at current prices around $7,500.
The steep drop resulted in a flag pole for a bear pennant chart formation on Bitcoin price charts. The cryptocurrency has been trading within the structure for nearly three full weeks now, and a break of the pattern could be any day now as the price nears the apex of the triangle-like pattern.

Pennant Targets $4,600, Crypto Asset’s 2019 Rally Almost Entirely Erased
If the pattern is valid, Bitcoin price may have closed a daily candle outside of the pattern, suggesting that a breakdown is imminent. If a breakdown occurs, the bear pennant could have a measured target of as low as $4,600.
Reaching such a low would nearly erase all of Bitcoin’s gains throughout the calendar year thus far, and take the asset back to prices not seen since April of this year.

Time to tether up $BTC #Crypto pic.twitter.com/22GDYPY694
— Livercoin (@livercoin) December 10, 2019

If the pennant breaks up, shocking bears shorting with the current trend, it could push Bitcoin price back up above the $7,000 range, where it would need to reclaim a new high in the $8,000 range, before making any further attempts higher.
Related Reading | Crypto Price Action Sports Uncanny Resemblance to Bitcoin Bear Market Bottom
Pennants, like flags, form when one side of buying and selling is taken by surprise, causing extended buying or selling resulting in a long, flagpole-like candle. Once price begins to consolidate at the bottom or top of the flagpole, a flag or pennant results. Flags are rectangular shaped, and often slope toward the initial breakout, while pennants are triangular-shaped, and typically are more symmetrical in their patterns.
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Matic Crypto Pump and Dump Reminder of How Dreams Can Turn To Nightmares

Last night, the altcoin cryptocurrency known as Matic was the talk of the crypto community, as the asset had spent the week going on a circa-2017 Bitcoin-like parabolic run, only to drop over 70% in less than an hour, destroying investors who got caught up in price action.
This recent pump and dump is a hard-hitting reminder of how even the most incredible dream-like gains in the crypto world, can quickly turn into nightmares for others, just days or even minutes later.
Matic Pumps 180% in Two Weeks, Dumps 70% in One Hour
Matic kicked off 2019 strong. It was among the batch of Binance launchpad initial exchange offering tokens that were privy to extreme hype and early launch pumps. Due to how well-received the altcoin was immediately out the gate, many believed it – along with other IEO coins and a few others – would be among the top-performing assets in the next bull market.
Related Reading | Crypto Analyst: IEO Tokens Matic, Harmony One, More to Bring 1000x Returns to Holders 
But eventually, Bitcoin’s 2019 rally and the unfortunate timing of Binance shunning US investors from its flagship trading platform, it caused many altcoins like Matic to return to a slow simmer.

Crypto. The stuff of dreams and nightmares. $MATIC was up 180% in two weeks before crashing 70% in an hour. pic.twitter.com/zo9LzP80L8
— Alex Krüger (@krugermacro) December 10, 2019

That simmer boiled over this past month, and Matic went on a parabolic rally, resulting in over 180% return for investors in just two week’s time. Irrational exuberance took hold of investors who began to FOMO into the crypto asset, hoping to strike it rich and make up for gains lost during the ongoing crypto winter.
And just like Bitcoin or any asset that gets overheated too fast, a massive, violent sell-off ensued, wiping out as much as 71% of Matic gains in just a couple of hours.
The dump, according to analysts, was a “domino effect” of staggering stop loss orders in a highly volatile and illiquid asset.

No one needs to be behind the $MATIC dump.
People need a villain.
The dump was the perfect example of the domino effect of staggered stop orders.
Liquidity evaporates and this is what you get.
Stock market has flash crashes every so often.
In crypto it’s the norm.
— Cantering Clark (@CanteringClark) December 10, 2019

Crypto Traders Remind Investors Not To FOMO
As many crypto analysts have pointed out, 180% gains in two weeks is the type of dream-come-true investment that could leave someone set for life. However, a 71% drop in minutes could just as easily turn someone’s dreams into a nightmare, losing a fortune at the hands of the ferocious selloff.
Some have taken the opportunity to issue a reminder that its never wise to FOMO into an asset that’s already taken off, as it could leave late buyers burned as early investors begin to take profits, and the market begins to correct.
Related Reading | Accurate Trader Calls For $1K Bitcoin and Destruction of Crypto Industry
Whether this harms the long-term outlook for Matic remains to be seen, but at the very least, investors may be hesitant to FOMO into the asset moving forward, in fear of being sold into the moment the rally peaks.
Featured image from Shutterstock
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Decision Time For Future Of Bitcoin As Crypto Teeters On Bear-Bull Edge

After spending the first half of the year in a powerful, parabolic uptrend, Bitcoin price has been suffering from a downward spiral ever since the summer when the first-ever cryptocurrency topped out at $14,000.
Now that Bitcoin has erased nearly 50% of the gains from the run-up, it’s decision time for the leading crypto asset and the rest of the crypto as a whole, according to one financial analyst, who says that whatever happens here, will either send Bitcoin into a new bull market, or an extended, multi-year bear market – a first for the cryptocurrency who has long been in a secular bull market.
Is The Secular Bull Market in Trouble, Ready for First Real Bear Market?
The crypto market is at an impasse. Bears cannot seem to push the price of Bitcoin lower than current levels, but bulls have been unable to push Bitcoin out of the downtrend it has been in since late June 2019.
Related Reading | Bah Humbug! If Bitcoin Bulls Can’t Reclaim $7,800 It’s Coal For Christmas 
Most of the projections analysts have been using, suggest Bitcoin should be ready to embark on its next bull run, and many indicators had been supporting the theory up until recently.
But ever since Bitcoin price was rejected at $14,000 – setting a lower high in the crypto asset’s price charts – the market has turned bearish, and Bitcoin is at risk of falling back into a bear market for the foreseeable future.

This is really decision time for ₿ and crypto as a whole, either we go up from here, or we will have a multi-year bear market. I am leaning bullish here. $5.8K is my GTFO to fiat alarm. pic.twitter.com/CMKMtMesE7
— Panama ₿ (@Panama_TJ) December 6, 2019

Decision Time for The Future Bitcoin and Crypto
In fact, one crypto analyst believes that its’ decision time for Bitcoin and the entire crypto market. If the number one cryptocurrency by market cap goes up from here, it will, as it has always done in the past, go on yet another parabolic rally that’ll propel the crypto asset’s prices to as high as $100,000 to $1 million per BTC.
Throughout its history, Bitcoin has been in a secular bull market. Even during the asset’s short-lived bear markets, certain indicators never reached into bear territory, suggesting that the young financial asset has only known bull market during its 11-years since its inception.
But that all may change if Bitcoin breaks below $5,800, which the analyst says is his “GTFO to fiat alarm,” or his signal to liquidate his crypto holdings into cash to weather the coming storm.
Related Reading | BTC To Spend 2020 In Accumulation Mode, Ideal Buy Zone
The analyst shared a chart that shows Bitcoin touching the bottom of a cyclical market curve, ready to turn up toward new all-time highs. However, the RSI and MACD appear to suggest that the cryptocurrency is headed toward another bear market, unless it bounces back up into bull territory here.
Whatever happens in the weeks ahead, it will shape the future of the crypto market and Bitcoin itself.
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Lack of Liquidity Near Current Bitcoin Price Hints at Targets Near $6900, $7900

Bitcoin price has been trading within a tight trading range over the past week, making a few sharp stop runs in the process to liquidate over-leveraged margin traders.
One prominent crypto trader says that the stop runs are due to the complete lack of liquidity near the current Bitcoin price, and that they will continue until Bitcoin breaks out to either $6900 or $7900 where greater liquidity is located.
Stop Runs to Continue Until Bitcoin Price Finds Liquidity At $6900 or $7900
This week, the cryptocurrency market was shaken out by a powerful spike upward from low $7,000 to as high as $7,800, before a sudden move in the opposite direction brought the price of the leading crypto asset by market cap right back to where it started, liquidating traders in both directions.
Related Reading | Eat My Shorts: Everything You Need To Know About The Bitcoin Bart Pattern 
The move marked the return of the “Bart Simpson” Bitcoin price chart pattern – an unusual chart pattern that is due to low liquidity and low volume in crypto markets.
The “Bart Simpson” move liquidating traders in this price range, has wiped out any remaining liquidity in this price range, and according to one crypto trader, vicious stops runs like what has been witnessed in crypto markets this week will continue until Bitcoin price breaks out of the range and heads to either $6,900 or $7,900 where more liquidity lies.

There is almost no liquidity near the price right now.
It is at $6900 and $7900.
Other than that, it's thin air.
This is why the stop hunts are so bad. pic.twitter.com/iWvtslp7tP
— Jacob Canfield (@JacobCanfield) December 6, 2019

Lack of Liquidity Is Why Most Crypto Assets Are Worth Zero
Liquidity is closely tied to value. Assets with extremely low liquidity, despite possibly having a large value attached to them, like Bitcoin price does, are subject to extreme volatility and deviations in price as it takes very little capital to move the price of the asset.
It’s the lack of liquidity in crypto assets another analyst says is why as much as 99.99% of them are worth zero.

Friendly reminder that 99.99% of tokens in this space will, and most likely currently are due to liquidity, worth ZERO.
— Flood [BitMEX] (@ThinkingUSD) December 5, 2019

While that’s not entirely true, many of the assets the analyst is referring to do have a value, however, due to the lack of liquidity in the markets of these assets, any investors with a sizable holding of the asset would tank the price almost immediately should they attempt to cash it out all at once.
Market sell orders of such magnitude would wipe the meager buy orders out of any crypto exchange’s order books quickly, causing the price to fall lower and lower to find more liquidity to cash out into.
Related Reading | Bah Humbug! If Bitcoin Bulls Can’t Reclaim $7,800 It’s Coal For Christmas 
The lack of liquidity is also what allows whales to easily push the price of an asset in either direction at their will, using such methods. Even the fact major players can manipulate prices as they please diminishes the overall value crypto assets provide.
So while the next time you check your portfolio app and see the value of your favorite altcoin or crypto asset, think about what will happen to it if everyone starts to try to cash it out all at once
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Ethereum Fractal Suggests Altcoins Could Soon Outperform Bitcoin

Throughout 2019, altcoins like Ethereum, Ripple, and others, have grossly underperformed next to Bitcoin, sans a few outliers like Chainlink, or Binance Coin, who had breakout years themselves in 2019.
But according to a very accurate-looking fractal on ETH/BTC price charts, Ethereum could soon break out against Bitcoin, helping to propel altcoins out of the gutter and back into a full-blown alt season.
ETH/BTC Trading Pair Fractal Hints at Ethereum Outperforming Bitcoin
The year of 2019 has been mostly about Bitcoin and its safe-haven narrative driving the price of the leading cryptocurrency by market cap up 350% at its high of $14,000. At its peak, the first-ever cryptocurrency was able to reclaim as much as 70% of the all-time high price it set at the height of the crypto hype bubble.
Related Reading | Important Long Term Ethereum Signal Ready To Flip Bullish 
During Bitcoin’s highly-publicized meteoric rise, another crypto asset, the number two cryptocurrency by market cap, Ethereum, also reached its all-time high price of $1,400. However, throughout 2019, Ethereum was only able to regain 25% of the ground it lost during the bear market and downtrend.
But that may soon change, as according to a fractal shared by one well-known crypto analyst, the ETH/BTC trading pair price chart is exhibiting a price pattern fractal that very closely mimics a pattern that played out just before Etheruem had its first alt season, where the altcoin exploded in value against its Bitcoin ratio.

For the ETH heads:
ETH/BTC Fractal pic.twitter.com/BEOMnWfyUA
— Nunya Bizniz (@Pladizow) December 4, 2019

In the chart shared by the analyst, prior to the main, blue-underlined price action notated with 7 total waves, a miniature version of the price action can be seen, with the same exact peaks and troughs. In the tiny-sized version, following the sixth wave down, came a powerful, seventh wave up that sent the price of the asset skyrocketing.
ETH/BTC just completed what appears to be the sixth wave down once again, which could indicate that an extremely powerful wave seven upward is about to begin, causing Ethereum to greatly outperform Bitcoin for the foreseeable future as it makes up for ground it lost throughout the year against the first-ever cryptocurrency.
The last time this occurred, Ethereum helped drag the entire altcoin market upward, causing what most refer to as an alt season – or a period of time when altcoins trend and significantly outperform Bitcoin as a result.
Altcoins have long been oversold, reaching increasingly lower lows, and potentially signaling that a bottom is in against Bitcoin and a reversal could soon take place – all while Bitcoin continues to correct following the lonely parabolic rally it went on by itself during the second quarter of the year.
Related Reading | Short Of The Century: $15 Ethereum Possible If Monthly Fails To Close Bullish 
ETH/BTC is currently priced at around 0.02 on the ratio against Bitcoin, but such a move could take the ETH/BTC back to 0.16 or higher, where the trading pair peaked in early 2017
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Bitcoin Price Rallies To $7700 In Bearish Sentiment Short Squeeze

This morning, Bitcoin price fell to under $7,100 abruptly before the first-ever cryptocurrency exploded through resistance at $7,300 all the way to $7,700 before it began to finally cool off.
Can bulls push Bitcoin higher and reclaim critical resistance as support once again, resulting in a rally leading up to Christmas? Or will bears swat down the attempt to break higher here, resulting in a not-so-happy holiday season for crypto investors?
Bitcoin Price Rockets to $7,700 in Sentiment Driven Short Squeeze
When Bitcoin was trading at lows below $4,000, sentiment was at extreme lows, with bearish crypto traders, analysts, and investors alike calling for even deeper lows, as low as $1,000 or more – essentially the complete demise of Bitcoin.
But Bitcoin exploded out of that range, resulting in a parabolic rally or echo bubble, that took the price of the most valuable cryptocurrency by market cap up 350% to a high of $14,000. At that point, crypto investors were once again talking about lambos, citadels, and riches beyond their wildest dreams, signaling irrational exuberance not witnessed since the crypto hype bubble in 2017.
Related Reading | Perceived Bitcoin Value Outpaced Peak Crypto Bubble Mania
Anytime sentiment reaches such extremes, assets tend to reverse. Such was the case once again today when the price of Bitcoin broke down to under $7,100. The entire market immediately became extremely bearish, and rightfully so – Bitcoin has been in a steady downtrend for months now, and recently retested former bear market lows around $6,500. Fear is back in the crypto market in a big way.

As short sellers piled on this morning expecting Bitcoin to once again set new, lower lows, the often contrarian market pushed higher, squeezing short-sellers out of their positions, forcing them to close positions and further drive up the price of Bitcoin.
The sentiment-driven short squeeze took Bitcoin price as high as $7,700, but bears were quick to push the price back down to $7,500, where Bitcoin must break above resistance to rally higher and have a chance of breakout out of the current downtrend.
Related Reading | Bah Humbug! If Bitcoin Bulls Can’t Reclaim $7,800 It’s Coal For Christmas 
If Bitcoin can break above $7,500, it has a number of key resistance levels above it now from all the consolidation that has taken place over the last few months. Below here, Bitcoin could either fall to the low $6,000s, or potentially fall to $5,800, or even as low as $4,200 where the breakout into the April 2019 parabolic rally first occurred.
If support is found at any of these former resistance levels, Bitcoin’s bull market may not be over after all, and after the current correction finishes, could be off to the races once again. But it will take a much stronger push from bulls here into the holidays for Bitcoin’s current trend to reverse.
Featured image by Shutterstock
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Bolster Your Personal Opsec With This Crypto Investor Checklist

As the internet grows and more and more of the mainstream public find themselves on the world wide web, so does cybercrime – making it especially important for crypto investors to pay close attention to personal cybersecurity.
Here is a list of the most important steps a crypto investor – or anyone concerned with their privacy – should take to protect themselves from online predators seeking to access your sensitive data and accounts.
Why OPSEC Is Important for Crypto Investors
OPSEC stands for operations security and is defined by Wikipedia as the process of identifying and protecting critical information that could be pieced together by “adversaries,” or in the case of crypto investors, cybercriminals, who may be seeking to access user’s crypto accounts hoping to steal their funds.
Related Reading | Bitcoin Bull Jack Dorsey’s Twitter Hack Is a Wakeup Call for Crypto Security 
The term was coined by a Vietnam era security team under the order of United States Admiral Ulysses Sharp and is commonly used by military entities around the world to this day. But it’s also become widely used to discuss personal data security needs of ordinary individuals – a growing issue in the digital age where sensitive user data is exposed both on purpose via social media, and without consent via hacks or other data breaches.
Crypto investors need to take personal OPSEC even more seriously, as according to a Google security expert claims, cryptocurrency is like catnip for cybercriminals, due to the added layer of anonymity they provide, making tracing their trail of crime all the more difficult.
Protect Your Assets With This Personal Security Checklist 
Despite the very real dangers, crypto investors can take a number of steps in order to protect themselves from any would-be attackers.

$crypto OPSEC checklist:
1) Secure email provider (protonmail, tutanota).
2) Different emails / different strong passwords.
3) Never link phone to $crypto platforms.
4) 2FA (NOT linked to phone).
5) Cold storage, only keep necessary on exchanges.
6) Offline back-ups.
— SalsaTekila (JUL) (@SalsaTekila) December 2, 2019

First, signing up for a secure email provider is a must. Encrypted services such as Protonmail or Tutanota are recommended. Never use your real name as an email address for sensitive user accounts, and be sure to use a unique email address for your email address that doesn’t match the password of any sensitive accounts.
Protonmail also offers a VPN or virtual private network service, that can mask a user’s IP address, further protecting privacy.
Never link your phone number to a cryptocurrency exchange platform in any way, as hackers have begun targeting users via SIM-swap attacks, gaining access to a user’s phone in order to intercept SMS-based two-factor authentication codes.
In fact, SMS-based two-factor shouldn’t be used at all, and Google Authenticator should be used on a separate, offline device, with any and all authentication codes backed up offline for safekeeping.
Related Reading | Crypto Hardware Wallets on Sale During Cyber Monday
Keeping crypto-assets off of exchanges in a cold storage wallet is also recommended, as even if hackers are able to gain access to your account data, there won’t be any crypto assets to steal. This also protects from the exchange itself from potentially being hacked, resulting in a loss of funds.
Always keep crypto assets offline in cold storage, never disclose how much cryptocurrency you are currently holding, and never invest more than you can afford to comfortably lose.
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2019 Cyber Monday Crypto Deals And Bitcoin-Back Savings

Now that Thanksgiving meals are finally digested and the dust finally settled on Black Friday doorbusters, it’s time to sit back from the comfort of your couch, desk, or mobile phone, and take advantage of online digital deals for crypto products on a national day of savings called Cyber Monday.
Like Black Friday before it, the day offers many ways to save on cryptocurrency-related product, and even on cryptocurrencies themselves. Check out the best deals offered in the crypto industry on Cyber Monday.
Best Crypto Cyber Monday Deals For Bitcoin and Altcoin Investors
Black Friday is now over, but that doesn’t mean the deals are. In fact, many of the same offers valid for Black Friday are still live today on Cyber Monday, with many additional discounts added for more ways to save.
Related Reading | Should Bitcoin Investors Be Thankful It’s Thanksgiving?
ProtonVPN is available for 50% off, giving crypto investors access to a cheap, reliable virtual private network for logging onto trading platforms inconspicuously for top-notch personal opsec.
Further bolstering a crypto investor’s ability to protect themselves and their funds, are offers from Ledger, Trezor, and KeepKey. Ledger is offering a 30% sitewide discount on its Nano S and Nano X hardware wallets and the rest of its product lineup through the end of today. Trezor is also offering 30% off using the promo code TRZR30 until December 3. KeepKey offers the cheapest Cyber Monday deal of all and is running a $5 crypto hardware wallet special.
TradingView has extended its Black Friday sale into Cyber Monday, offering up to 60% off its Pro, Pro+ and Premium subscriptions. For those considering trying their hand at technical analysis and charting, it’s the best deal of the year.
Browser Add-Ons For Sats Back Savings
If you’re doing other, non-crypto-related shopping online but still have Bitcoin on your mind, consider installing Lolli, a web browser that offers Bitcoin back on online purchases at major online retailers like Macy’s, Best Buy, Walmart, and many more, who are all running their own Cyber Monday specials. If you’re shopping at any of Lolli’s retail partners anyway, you might as well pick up some extra Bitcoin for yourself while you’re at it.
Related Reading | Bitcoin Price May Be Ready To Rally According To Social Media Metric 
Amazon is the online retailer that put Cyber Monday on the map. Lucky for you, there’s also a way to earn Bitcoin back by shopping Cyber Monday deals on Amazon, by using the Purse.io browser extension. Much like Lolli, the extension will simply activate and allow you to earn crypto back for purchases at the world’s largest online retailer during their shopping event of the season.
Let us know if you’ve found any Cyber Monday specials for crypto products in the comments below!
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Monthly Candle Close Signals That Bitcoin May Be ‘Done For a While’

Bitcoin price closed its November monthly candle in the red, marking a total of four out of five red candles since Bitcoin topped out at the end of June.
With the most recent monthly candle open, a prominent crypto analyst’s indicator has signaled a sell for the first time since June of the previous year, right before the bear market really began to take hold over the crypto market.
Bitcoin Price Closes November In the Red Once Again
The first-ever cryptocurrency, Bitcoin, closed its November monthly candle at $7,700. The close is particularly gut-wrenching for bulls, who a month prior saw Bitcoin set a record for its third-largest single-day gain in its short history, taking the price of the crypto asset all the way as high as $10,500 before falling back down to set new local lows.
Related Reading | November Monthly Bitcoin Close Critical For Bull Market
The burst to $10,500 ended up being nothing more than a bearish retest, confirming former support as resistance, and sending the price of the leading crypto asset by market cap tumbling down further.
Bitcoin spent almost the entirety of November falling downward from above $9,000 to as low as $6,500. An inverse head and shoulders formation heading into the Thanksgiving holiday caused the price of Bitcoin to rally toward $7,700 where the month closed out.
The monthly close now marks four out of five red monthly candles since the crypto asset topped back in June.
Crypto Indicator Signals Sell
This month’s candle open has triggered a sell signal on the Market God v7 indicator, designed by crypto analyst KingThies. The analyst says he designed the indicator to “eliminate” emotion from his trading to instead rely on algorithm-driven signals, and based on the indicator, plans to “short the corn” in reference to the first-ever cryptocurrency, Bitcoin.

Yikes. I’m taking the hint this time guys.. $BTC is done for a while. This squashes some bullish sentiment i was feeling yesterday ….the purpose and reason I built this tool was to eliminate my emotion in analysis and it’s pretty clear I need to listen to it.
Short the corn. pic.twitter.com/AiVLec0sUs
— CryptoThies (@KingThies) December 1, 2019

The last time the analyst’s indicator gave a sell signal was after Bitcoin’s April 2018 rally failed to reclaim former highs, and the bear market truly began to ramp up in severity.
The indicator also gave a buy signal prior to the April 2019 rally, which took Bitcoin from $3,100 to as high as $14,000 before it was rejected at the end of June 2019, sending Bitcoin back into a downtrend that may be days away from once again picking up in severity.
The analyst says that based on the indicator’s signal, Bitcoin may be “done for a while” suggesting that it may be an extended period before Bitcoin begins another uptrend.
Related Reading | Accurate Trader Calls For $1K Bitcoin and Destruction of Crypto Industry 
Prior to the June 2019 top, most of the crypto market had believed that Bitcoin was well on its way into its next bull run, however, it is theorized that the selling related to the PlusToken scam has upset the delicate market structure, and has caused the asset’s cynical trend to be altered in a way that we won’t understand for some time.
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Perceived Bitcoin Value Outpaced Peak Crypto Bubble Mania

It’s been an interesting and confusing year for Bitcoin price, with the crypto asset bottoming out in $3,100 at levels of extreme fear and panic, then in just a few months growing 350% and once again causing talk of moonshots and Lambos across the market.
In fact, during the most recent “echo bubble” as it’s being called, the perceived value of Bitcoin exceeded that of the peak 2017 crypto bubble mania. However, price fell short of setting new high alongside the lofty price perception, and one analyst says that data point looks “bad” for Bitcoin, and says that prices of $2020 in the year 2020 aren’t that “crazy.”
Bitcoin Perceived Price Value Reaches Crypto Bubble Levels
After a stellar year for Bitcoin, bringing investors who bought the bottom over 350% in gains from trough to peak, the crypto market has once again turned bearish. Following the top of the 2019 parabolic rally back in June, the market has slowly returned to a state of fear, panic, and despair.
Related Reading | Give Thanks For These Crypto and Bitcoin Black Friday Deals 
But it was only a short time ago, that Bitcoin was trading above $10,000 and talk of riches and $1 million dollar BTC became commonplace once again. It was as if crypto investors suddenly forgot about a full year of bear market, and all of the pain it caused.
The irrational exuberance can be seen via the sentix Strategic Bias index, which assigns a score measuring the perceived price value of Bitcoin. The metric outpaces the hype and bias surrounding the peak of the 2017 crypto bubble, however, price failed to set a new high as well.

This looks bad…
The perception of value for #bitcoin exceeded the 2017 mania this year but price did not.
A change in perception like 2018 will likely drag the price down much further than the majority expect.
$2020 in 2020 doesn't seem crazy to me. pic.twitter.com/8G8vQWxaQA
— EX (@icoexplorer) November 29, 2019

The analyst who first called attention to this “bad” looking metric says that for “perception of value to exceed the previous levels and price fall short” it says “that selling pressure was so high,” and claims that that “hopium addict” crypto investors “provided liquidity” for boomers to unload their bags at a lot higher prices.
Because price perception so greatly outpaced the actual price in 2019, the analyst says that seeing prices of $2020 per BTC in the new year wouldn’t be “crazy.”
Calls For New Lows At Recent Top Would Be Called “Crazy,” Not So “Crazy” Anymore
Given how exuberant crypto investors were at Bitcoin’s recent peak, any talk of prices of $2,000 Bitcoin would have been met with much confrontation, calling such claims “crazy,” especially considering how quickly the first-ever crypto-asset ran up from the then bottom at $3,100.
Related Reading | Should Bitcoin Investors Be Thankful It’s Thanksgiving? 
Now, that fear has returned to the market, and Bitcoin is trading at prices back around the $6,000 range it has already once broken down from, thinking that the bottom isn’t in and Bitcoin could reach prices around $2020 in 2020, doesn’t sound so crazy anymore.
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Bitcoin Price Attempts to Reclaim ‘Mega Bull Run’ Moving Average

Bitcoin price has been falling steadily for months now back into a deep downtrend, that’s putting the asset at risk of erasing all of the gains from the 2019 parabolic rally, and putting any chance of a new bull run in Bitcoin in jeopardy.
However, if Bitcoin price can reclaim a very important moving average that last time around sent the leading crypto asset by market cap into a “mega bull run,” one analyst says it would be “very bullish” and potentially lead to a repeat of another bull market for the asset and the rest of crypto.
Mega Pull Run Possible If Bitcoin Price Can Reclaim 2-Year Moving Average Multiplier
Bitcoin price has been in an ongoing bear market over the course of the last two years, even despite making a strong attempt at breaking out of it throughout the course of 2019.
Related Reading | Give Thanks For These Crypto and Bitcoin Black Friday Deals 
After the crypto asset bottomed out at $3,100 back in December of 2018, Bitcoin price had been on a steady climb upwards until it eventually met resistance just shy of a new all-time high, where it was rejected back into a downtrend.
Following Bitcoin’s fall through support at $6,000 in November 2018, it also fell below a 2-year moving average multiplier. In May, it then reclaimed the moving average multiplier, and it supported the crypto asset for the rest of its 2019 rally.

1/ Looks like Bitcoin is trying to get back above the 2yr MA after it dipped below it in the past week when price capitulated.
Would be very bullish if we can get a few days closing back above that level. 
Until then, cautious optimism (as it was a promising capitulation). pic.twitter.com/nk1njCZusk
— Philip Swift (@PositiveCrypto) November 29, 2019

A retest of the moving average multiplier is right where BTC bounced to coincide with the China pump – news that the country would be supporting the blockchain technology many cryptocurrencies are built on.
Bitcoin broke below the moving average multiplier once again recently and is now making yet another attempt at breaking back above it.
If Bitcoin price reclaims the moving average multiplier, according to crypto analyst Philip Swift, it would be bullish for BTC, and could potentially send the crypto asset back into a new “mega bull run.”
Can History Repeat Itself Once Again For First-Ever Cryptocurrency?
In past Bitcoin market cycles, after Bitcoin price retested and closed above the 2-year moving average multiplier, it has “historically signaled the start of a mega bull run,” and the analyst has shared a zoomed out price chart depicting the last two instances of such an event occurring.
If Bitcoin price can hold above the moving average, the correction could come to an end, and the cryptocurrency could once again embark on a bull run, taking the price of the crypto asset to the enormous expectations of $100,000 per BTC or higher.
Related Reading | Should Crypto Investors Be Thankful It’s Thanksgiving? 
But if it doesn’t, Bitcoin price’s historical cycle could be broken, and the recent talk of Bitcoin’s bottom not actually being in, and the possibility of prices below $3,000 becomes very realistic.
Featured image from Shutterstock
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Accurate Trader Calls For $1K Bitcoin and Destruction of Crypto Industry

It’s almost been two full years since the crypto hype bubble, and the leading crypto asset by market cap, Bitcoin is trading at roughly 35% of the price it reached during that peak, while the rest of the asset class is in many instances still down 99% from their all-time high.
However, one crypto trader and market analyst who has accurately called the breakdown of Bitcoin’s support at $6,000 in 2018, the asset’s bottom in December 2018, and its parabolic rally in April 2019, is now saying that Bitcoin must reach $1,000 next, and completely destroy the crypto industry before the asset can experience a healthy rebound.
Bitcoin Will Go To $1,000 Range, According to Trader With Accurate Calls
The crypto market is in a state of chaos after failing to rally into another bull run. Investors are still stuck holding extremely heavy bags of altcoins that have struggled to regain any lost ground.
Related Reading | Give Thanks For These Crypto and Bitcoin Black Friday Deals 
Those who were burned by the crypto bubble weren’t lured once again by Bitcoin over $10,000, causing the crypto asset to collapse in price. Others blame altcoins for the collapse of Bitcoin.
Whatever the case may be, one crypto analyst who has made a string of accurate calls in the past, is now saying that Bitcoin will go “to the $1,000 range.” The analyst explains that this would be “good for crypto” as it would “destroy investors and projects,” claiming that’s exactly what the space needs.

I think BTC is going to the 1000 range. It will probably take a while to get there, but based on everything I see right now, I think that is the most likely target. That would be great for crypto too. It would destroy investors and projects, and that's exactly what we need.
— MAGIC (@MagicPoopCannon) November 28, 2019

The analyst says he forces “extreme danger” in Bitcoin’s future, as the asset’s long-term logarithmic growth channel would be put in jeopardy if such a drop occurs, putting the asset’s longevity in question with investors expecting it to eventually reach prices of $100,000 or more per BTC.
Have Complacent Crypto Investors Yet To Capitulate?
Markets are cyclical, and it often takes investors capitulating before a market can experience a healthy enough shakeout for the cycle to begin once again. Because so many crypto investors were once again overly bullish on the asset class at the first sign of a rally, it drove the asset’s price up too quickly and it is now crashing down once again.
This could be a signal that crypto investors never actually capitulated, and such an event may be necessary for another bull market to occur.
Bitcoin’s price chart, when viewed on the linear scale, looks eerily like a popular schematic depicting a market cycle, and would suggest that Bitcoin is only at the area of complacency on the chart, which could mean that anger, depression, despair, and finally, capitulation may be ahead.
According to the analyst, such a drop would decimate all projects and investors in this industry, allowing Bitcoin to emerge from the ashes once again.
Related Reading | Should Bitcoin Investors Be Thankful It’s Thanksgiving? 
Don’t let the analyst’s name fool you, the outspoken trader has also perfectly called Bitcoin’s bottom, the prior breakdown from $6,000, and the rally to $14,000 this past April. Before the rally topped out, the analyst had been calling for a major crash, and is now looking to $1,000 as the ultimate target.
Featured image from Shutterstock
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Should Bitcoin Investors Be Thankful It’s Thanksgiving?

Bitcoin has in some ways become synonymous with Thanksgiving. It was two years prior when dinner table talks with family members about the first-ever cryptocurrency turned into extreme FOMO resulting in a bubble the asset still has yet to recover from.
Investors had a lot to be thankful for that Thanksgiving, but what about this year? Could Bitcoin explode into a bull market once again? Let’s review a decade of Bitcoin performance post-Thanksgiving to see if crypto investors should really be thankful it’s Thanksgiving once again for Bitcoin.
The Complete History of Bitcoin Price on Thanksigiving
It was right around Thanksgiving 2017, when Bitcoin first breached above the FOMO trigger – as Fundstrat’s Tom Lee called it – price point of $10,000 when not even a month later Bitcoin doubled in price, reaching its historic peak price of $20,000.
Related Reading | Research Shows That Holidays Cause FOMO Fireworks in Bitcoin Price Charts 
Last Thanksgiving, Bitcoin traded at nearly 25% of that peak, making crypto investors a little less thankful last year.
This year, Bitcoin is at a turning point and wherever it goes following the US holiday could alter the trend of the asset for the foreseeable future, making it among the most important Thanksgivings for the asset yet.
To try and get a feel for how Bitcoin might perform from here, we’ve reviewed the last decade of Bitcoin Thanksgivings to understand how the asset has performed following the holiday.
Bitcoin’s very first thanksgiving the crypto asset was valued at roughly a quarter, making it incredible to think that someday it could be worth a quarter of a million dollars per BTC.
From the first Thanksgiving to Thanksgiving 2011, the crypto asset gained 757%, growing to $2.40. From 2011 to 2012, the leading crypto asset by market cap had another massive gain, of 412%, taking its price to $12.30.
The next year, though, Bitcoin experienced its first real bull market, taking the price all the way to $1,010 for its largest holiday-to-holiday gain of over 8,111%.
Related Reading | Bitcoin Price: Defense of $7,000 Could Lead to Thanksgiving Rally
The following year in 2014, was Bitcoin’s first major drawdown, taking the price of the crypto asset down to $369, resulting in a loss of 63% from the year prior. Losses were sustained for the second year in 2015, as teh asset’s bear market continued with a 4% loss from one holiday to the next.
In 2016, things picked up once again, as Bitcoin more than doubled in price from Thanksgiving 2015 to 2016, taking the price of the first-ever cryptocurrency to $740, and a 109% gain. It wasn’t enough yet to break the former all-time high, but it did the following year.

2017’s Thanksgiving was one for the history books. The crypto asset was already trading at a high of $8,191 for the year and dinner table discussions about the then unheard of asset caused FOMO to surge and push Bitcoin’s price to its all-time high of $20,000 just one month later. From the prior Thanksgiving to 2017, BTC grew by 1006%.
But much like the first bull market peak, the following year resulted in a loss, with 2018’s Thanksgiving taking place just days after support at $6,000 broke, and the asset fell to its bear market low. That year, Bitcoin closed Thanksgiving at $4,422, and a 46% loss.
BTC On Average Grows 1,150% From Holiday to Holiday
This year, Bitcoin price is currently trading around $7,600, up 71% from last year’s prices. But given BTC’s past holiday to holiday performance, crypto investors should be especially thankful this Thanksgiving.
On average, from holiday to holiday, Bitcoin has grown 1,150%, and only three years in total out of the ten years the asset has been around, have resulted in a loss. This suggests that come next year, crypto investors may be thankful for their fresh four-digit performance, much like the cryptocurrency has shown in the past.
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