Btc-price
My humble opinion about where the BTC price will go on this yearThe bubble did explode. People went out. Bad news about possible regulations by govs and other bad signals are the same thing that already happedned in 2014. I compare this buble explosion with the earlier one of December 2013 and I see the near future as a Valley of Patience we have to cross over this year. Throw away your optimistic future vision and face the hard reality. Afterall we can use this price depletion to take some profit in BTC. Selling high and rebuying in the dips we will have more BTC and the final of the Valley when a new BTC dawn will come in 2019
Ether Classic :- V Shaped Recovery in the makingEther Classic :- Price has come near previous support zones suggesting a quick jump in price is in the making.
Price having fallen from levels above 40 all the way to current market price has been coupled with a major and sustained volume reduction .This results in me being extremely bullish for the future of Ether Classic.
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Exploring the Bear ScenarioLet's assume price doesn't break above the channel and we have a wave lower. I personally think price will find support at one of the fib retracement levels of this first wave up. 50% retrace is usually where I start to look for real support. That said, if we go all the way to the lower regions of the bear channel, then some amazing buying opportunities will become available.
I think we will see support at a higher low, just like i said in my last idea. Consolidation sideways for a few days and then potentially a new wave up and out of this bear channel.
Bitcoin still bearish - Don't be fooled by the bull trap!This is a textbook example of a bearish flag, a sharp drop in price followed by a bounce upwards. On top of that, we still have not broken the down trend ever since we started to drop in December. As you can see we have two trend lines to break to even think of becoming bullish again.
I keep reading bullish charts and people screaming it's over.. Come on people, we have to be realistic, not desperate. Just yesterday I read an article saying the bear market is over because BTC reached 9K, WTF?! I believe in Cryptocurrencies but this is not the time to be stupid and "HODL". If you are in profit I would sell and wait for a better entry in the following weeks.
Would you rather take your profits now and buy back in and get even more BTC or would you rather HODL and let BTC drop down to your buy-in price? The answer should be obvious. Just because you sell doesn't mean you have lost faith in crypto or BTC, it's just being smart and managing your risk.
If we do get a bear flag, we're probably going down to retest the 6K area. I am not doing any trading until we've broken resistance 1.
Going to 8100 would be a sign of strength for BTCSlight adjustment to earlier ideas where I doubted whether BTC would have the strength to drop all the way to the 8K range. The strength you say? Well, yes. Having BTC waiver around the 11K range, seemingly more nervous than a cow in a butcher shop, was not a sign of strength. It made me feel the market was protecting BTC and in a way that may have been true. It may still be true. It could be that the forces behind USDT need more time to get their house in order before they can withstand BTC falling by another 25%. I have no idea how solvent the exchanges are and how big of a problem we are facing there. USDT is small in market cap, but overrepresented in trading. It is a big unknown, so I left it out of this analysis for the most part.
I am sure it has an impact on the volume as well, as I doubt many high volume traders will confidently wire millions of dollars to some exchanges until the rumour mill has quieted down. It is probably all FUD, but firing your auditor is not the smartest move.
Anyhoo.... Given the above, we could see BTC trading sideways for a few days before it is 'allowed' to complete its pattern. If all is well, I expect it to fall to between 9400 (previous estimate) and 8100 (new support estimate) before starting recovery, sometime in February. Timelines in this chart are not the most important. I think we go down, before we go up. As I write this it seems we broke 10K, but probably still some artificial support there.
Given that the entire cryptoverse is still completely dependent on BTC, it would be a great thing if this stuff all got sorted and the 'threat of 8K' was taken out of play. Big money has too many alternatives right now and we definitely need new money entering the space. Expect some hiccups on the way up, as people will be leaving en masse once they have recouped their losses and new retail investors are more hesitant to enter. End of Q1, early Q2 should be an interesting time.
As always, my opinions are just that and do not constitute trading advice. Your trades are your own. Good luck and don't hesitate to appreciate or critique. I have linked my earlier ideas below. Overal the picture remains consistent.
Dead or LifeIf you take a classic bubble, then everything looks quite logical. If you look logarithmic graph - we already went over the level of support cash flow support (green line) and have to go back. However the current price collapse - sale of stolen Bitcoins. The current fall - panic. I still expect growth since the beginning of February. When the market calms down.
Classic TA does not work, except for short periods, so it is best to look at the price globally and outside the box.
I take this thoughts here -
Ps. Sorry about my bad English.