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Altcoinsvsbtc

BTC - Short - MidBTC should be in its channel as I've had outlined for a few days now. I'm usually reluctant to post directly about BTC because I find Altcoins so much more intriguing. Nevertheless, I'm confident we should see some nice higher selling points in the near future--as long as we remain above the blue upward trend line until we test the upper channel limits. I will sell at ~5% above upper channel limit. The last time BTCUSD 7-day MA crossed the 30-day MA, we had an 18 day downtrend/sideways channel to work with. Expect great "Alt Weather" on the horizon if we stay lateral after testing the upper channel limit. If BTCUSD closes above the channel followed by a higher high, we should see what everyone was expecting--an increase to a new ATH for BTCUSD. Cheers, and be smart about your trading, -Jordan
BITFINEX:BTCUSD
by jhindman989
Could christmas signal a turning point for bitcoin?DISCLAIMER: this idea might be far fetched ;) Hello everyone, I have received multiple emails from different bitcoin wallets and exchanges outlining their christams order processing schedual due to the bank holidays. I think this, and the fact that more inexperienced traders are on the markets during christmas time (due to public holidays), could lead to strong volatility and maybe signal a change of direction for Bitcoin which would enable altcoins to grow rapidly. Also, bitcoin is already fairly overbought. I expect many people to want to cash in their profits from this year between christmas and new year, I know this idea is fairly baseless but none the less I have gone in to altcoins (also due to other reaseons of course). I believe that 2018 will be the year of altcoins! Have a wonderful sunday! Sven
by SvenBruening
I'm Dreaming of a Red ChristmasFor the past 2 years, the holiday season (not exactly Christmas day, but near to it) has offered rock-bottom prices for alts. This chart shows 5 of the major alts (ones with enough volume and history to chart this far back) against BTC. If history repeats itself, and they come down to meet my green arrow, it should offer an OTE on a wide array of altcoins. However, the yellow, or red fib lines may be all we get due to the increased market activity this year. But the depression caused by most of the market being on holiday, needing money for presents, and simply not paying attention means it should offer good long entries across the board regardless of the surrounding circumstances.
by kristarling
8
[POSSIBLE +100%-2000% LONG] DGBBTCHere's that jewel that most of us look for, it's still a 50/50 trade in my perspective, there's no clear confirmation but we see a clear decrease of the downtrend force, all the indicators are showing a slow reversion, smaller time frames are used to time the bottom it looks good. The crucial here is the price staying above 120 for the next hours if so that means that probably that's a good bottom and a good confirmation, judging the enormous upside (+2000% until the last fib level) it is something that i would accumulate if price holds. Fundamentals are ambiguous, the team failed several times delivering on conferences that's why the constant drops, but the coin/tech itself is good. It's a technical purchase mostly, people realizing it is just too cheap. Sell targets are all fib levels, sell at your own taste ;)
Long
by spectertrading
7
ETHBTC: Breaking down...The terms Bitfinex published for the upcoming B2X fork, may have started a chain reaction that is putting pressure in all coins that are paired against $BTC, as people borrowing $BTC, will also owe $B2X tokens after the Nov. Fork. Pair this with a lack of liquidity in $BTC from people withdrawing to receive the Bitcoin gold airdrop, and you have an explosive catalyst for a short squeeze in everything against $BTC. If I'm right, $ETHBTC -and everything */BTC- will melt down, and $BTCUSD could reach heights between 6300 and 9700 quickly, leading to an spectacular blow off top by Nov. 18th, as people return to exchanges to drop thier B2X and chaos breaks loose, with not 1, but 3 BTC forks in existence competing for the top dog spot. Miners will be severely divided by then, and I think the outcome could have disastrous consequences in the short and intermediate term, but, after the bear market ends, we might resume the uptrends in these instruments. Best of luck if shorting here, keep a tight stop and let it cruise. At least, swap alts for $BTC and wait for $BTC top if long crypto. Cheers, Ivan Labrie.
Short
by IvanLabrie
41