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BTCCNY

Bye Bye, Bitcoin.A DEATH CYPHER (Bearish Gartley) formation has appeared. There is nothing Bitcoin can do about it, and it's going to it down to hell. But don't panic, if you're invested in Alt-coins, like Ethereum, Litecoin, Ripple, BitShares and Stellar, there is nothing to worry about. If you are not, good luck. You may need it. This baby is going to hell faster than you can imagine. It will come back, as it always does, but this time BTC will have real competitors from other Blockchains, something I actually consider to be good. TP: 825 USD at least, although it could go lower. If you want to know the run-up setup for getting to this DEATH CYPHER, please check out my other post. I thought we were going to heaven, but then I saw a FIB DAEMON who changed my mind. I got out before this bull trap popped. Maybe not at the top, but I know I won't be at a loss. Good luck! Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and a search engine! I will be posting updates as I have been doing in my previous posts. If you earn good profits, please donate some to keep me motivated! You can find more info at my signature.
BITSTAMP:BTCUSDShort
by CoinMajesty
139
STR to the MOONThis is just my TA on STR. I will be posting updates. If you want to read about fundamentals and a better TA analysis than mine, please check out @Intuit chart. He has a better explanation than anything I could have come up with. Although his TA might be better than mine, he doesn't have a clog shaped resistance-support. Good luck! Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and a search engine. I will be posting updates as I have been doing in my previous posts. If you earn good profits, please donate some to keep me motivated! You can find more info at my signature.
SLong
by CoinMajesty
21
XRP to the MOONWhat? do you think this whole Blockchain idea is going to be forever "decentralised"? Well, think twice. Introducing Ripple, a bankers idea to compete with Bitcoin . I see it as a very good competitor but it definitely has to prove itself. I will write more about it in another update. For now, enjoy the ride. It's going higher than 12000 I think, but at least that's the first target I see. P.S: Poor Bitcoin, a DEATH GARTLEY has come to take it down to hell. Good luck! Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and a search engine. I will be posting updates as I have been doing in my previous posts. If you earn good profits, please donate some to keep me motivated! You can find more info at my signature.
Long
by CoinMajesty
45
BTS to the MOONThis is just my TA take on BTS. I think we're going to the levels between 2200 and 2800. That's a 300-400% increase in the following two weeks. Don't believe me? Ask @Intuit. He has a better explanation than anything I could have come up with. His TA is also better but he doesn't have a banana shaped resistance-support though: Good luck! Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and google. I will be posting updates as I have been doing in my previous posts. If you earn good profits, please donate some to keep me motivated! You can find more info at my signature.
Long
by CoinMajesty
47
Bitcoin Bullish by BrexitBREAKING: BREXIT IS HAPPENING TOMORROW. Well, at least it's starting. And as it happened the last time when the voting was in favour of Britain to leave the European Union, Bitcoin is going bullish. Again. Last year, news media reported Bitcoin gained a lot of validity as digital gold . Well, this time, it will gain even more validity, although this gain will be shared with Ethereum as I stated in my other post. There is not much more to say about this. Brexit means euro goes down in value, so cryptos, commodities, etc, go up. I believe part of the money coming into Blockchain technology will spread mainly between Bitcoin and Ethereum, so this gain will be shared (be sure to check out the other two posts I have made of Ethereum and Monero today). Even though the scaling debate and the division within the community will continue, and considering this is the reason why the earnings will be shared with Ethereum, I also believe that in the long term, this debate and this whole situation is a good thing. I agree what Andreas Antonopoulos said in one of his latest videos about it: youtu.be Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and Google. I will be posting updates as I have been doing in my previous posts. If you earn good profits, please donate some to keep me motivated! You can find more info at my signature. Good luck! Song choice for the ride: Tchaikovsky Overture 1812 - The Final Movie choice for the ride: V for Vendetta by James McTeigue
BITSTAMP:BTCUSDLong
by CoinMajesty
57
ETH to the Moon: London CallingRecently, some people have approached me in my country to ask me about this cryptocurrency they've heard of called Ethereum. They've read it is better than Bitcoin, and they've also heard it will REPLACE Bitcoin. What? I mean, I always wonder, how do people come to these conclusions? I always end up stunned by how effective marketing is. I mean, something like this is posted in Mashable , it gets copy-pasted all over the internet in different languages, and then everyone suddenly believes it. According to the article, Ethereum's daily volume is now almost as large as Bitcoin's. And this is true, and an important part of my analysis. It's also important to acknowledge Ethereum's hashing power has been steadily growing to all time highs in the recent weeks, followed by the price increase. But the main thing is, the mainstream media is hyping it and making it look like there is a new real competitor in the game. And it's true, and they are the propaganda part of it. Scaling debate, Chinese influence both in the exchanges by the PBOC and also by miners with their hashing power, BTU, division, drama, soap opera, etc. Bitcoin has a lot of problems right now, or at least, it seems like it. Ethereum had them last year and it all ended up with two versions of it. But now that it has recovered and with the Brexit event happening tomorrow, Ethereum will continue going higher in price, higher in volume, and probably it's network effect will continue with a very steady and healthy growth. So what's up with London? Well, if Brexit begins tomorrow , as it is expected to happen, this is going to be bullish for Bitcoin, but guess what, I think it will also be bullish for Ethereum . Why? because it is considered as a new real alternative cryptocurrency to Bitcoin by the media, not just another speculative alt-coin, but it is a hell of a coin backed by them! Same as Zcash, but that's for another post. I have written more about Ethereum in my first ' ETH to the Moon ' chart. You can read it if you'd like by clicking here . P.S.: By the way, it seems like the original title Mashable used for its article was ' Ethereum: The non-Bitcoin cryptocurrency that could help replace Uber ' but then they changed it to ' What is Ethereum and could it actually replace Bitcoin? '. Interesting... Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and Google. I will be posting updates as I have been doing in my previous posts. If you earn good profits, please donate some to keep me motivated! You can find more info at my signature. Good luck! Song choice for the ride: The Clash - London Calling Movie choice for the ride: 2001. A Space Odissey by Stanley Kubrick.
Long
by CoinMajesty
100
What's the price of tea in China with Bitcoin?When exploring markets for potential (tradeable) inefficiencies sometimes finding none is just as interesting. Americans used to be able to trade the USDCNH on FXCM before they got taken down. The dollar/yuan cross has remained interesting for the last couple years but has been somewhat non available to US forex traders. I wanted to look into the possibility of trading moves using Bitcoin as a proxy. Looking back at a potential setup in 2016 the move in the USDCNY would have yeilded about 1.65% . During the same time BTCUSD and BTCCNY moved 10.9% and 13.3% respectively. From said move until present writing the moves would be USDCNY 3.35%, BTCUSD 78.88%, and BTCCNY 72.52%. So did I find a potential arbitrage trade of 1-2%? Not hardly. The concurrency exchanges that would facilitate this sort of trade operate on expiring futures products that may or may not follow the underlying perfectly. More importantly, holding these products would accrue significant carrying costs. One month could easily eat up that 1%. What the relative efficiency and the small 1-2% inefficiency tells me is that there are already market makers keeping everything closely correlated while staying profitable within that small margin.
B
by norok
Xtremely Mega Rekt: The DownfallSo Monero went down a Head & Shoulders pattern as I expected in my last chart , although the size of the right shoulder was a bit higher and longer than I thought it would be. There are some people who think we're going to bounce back, but these statements come out of nowhere and with no real evidence. I know this is one of the best coins out there, and one of my favourites, considering it's the most anonymous crypto and it certainly has the biggest network effect within all the anonymous coins. It also solves the fungibility problem which Bitcoin might never solve (although there is some speculation that MimbleWimble might be a good solution). But it's not the moment for Monero, and I'm afraid my fundamentals and my technical analysis are showing me we're entering a bear market that might last for some weeks. Now, when I start to think about the context in which Monero is right now, I just see Bitcoin and Ethereum getting all the attention. I don't mean by you, the part time-investor, the college student, the "I want to make some easy bucks out of cryptos" people who know everything about ICN and lurk online every single day to look for the next great ICO. I mean the rest of the people. People who still think that Bitcoin is a new thing but are not so sure of its real world use wouldn't even consider putting money into Monero. At least not yet. What would make them do so? Positive feedback and good marketing. Is Monero getting it right now? Well, no. Actually, it's a coin which is still related to the deep web, drugs, illegal guns, etc. You know, problems people don't want to be related to. Ethereum is the only alt-coin which is getting good mainstream media attention, and I explain why in the other chart I just posted. Considering I believe Bitcoin and Ethereum will be going to the moon tomorrow, I think Monero will sadly collapse to the low levels portrayed in this chart. But hey, you know what, you can margin short it in POLO and make good profits as well. Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and Google. I will be posting updates as I have been doing in my previous posts. If you earn good profits, please donate some to keep me motivated! You can find more info at my signature. Good luck! See you at the bottom. - Song choice for the ride: Gorillaz - Saturnz Barz - Movie choice for the ride: Der Untergang by Oliver Hirschbiegel
Short
by CoinMajesty
34