BCH fork action appended to pre-fork dataThe price action for this chart is defined by the average of BCHABC across 4 exchanges(Poloniex, Bitfinex, Binance, and Bitstamp) added to the average of BCHSV across 3 exchanges(Bitfinex, Binance, and Poloniex). I copied the pre-fork price action from BCHUSD @ bithumb(where BCHABC is currently trading at about a $150 premium), appended it to this chart and meticulously lined up several key swing highs and swing lows so I could do some somewhat accurate analysis on the chart. In hindsight, I should have used a vertical line to make sure I didn't mess up the horizontal scale as I was adjusting the pre-fork data to fit correctly.
Personally, I'm bullish on BCHABC and bearish on BCHSV. If one considers the possibility of BCH technically being the original chain of bitcoin as NIST claims, in my opinion it's easy to understand why this fork was so important and why it seemed to have had such an impact on the crypto market as a whole. My bullishness on BTC in the short-term is currently somewhat dependent on BCHABC continuing to win the battle. To make the chart a lot more interesting, I've overlaid the individual prices of BCHABC and BCHSV. It will be quite interesting(to me) to see BCHABC at binance react to the TA from this chart...
Bitcoin's latest bear trap hit the downtrend line on my falling wedge perfectly, currently bouncing right off(see the related "personalized bitcoin index" chart and press play)...
Note: As with my related chart I just mentioned, in this version, I sacrifice accuracy of the volume indicator to get a slightly more accurate price reading, correcting the average price against any movement of USDT/USD at Kraken. In a couple weeks or so after Coinbase finally stops holding the coins hostage and the dust settles, I'll follow it up with another one with a more accurate volume indicator that will either disregard USDT pairs altogether or otherwise not worry about what happens with USDT.
Current formula: (BINANCE:BCHABCUSDT*KRAKEN:USDTUSD+BITFINEX:BABUSD+POLONIEX:BCHABCUSDC+BITSTAMP:BCHUSD)/4+(BITFINEX:BSVUSD+BINANCE:BCHSVUSDT*KRAKEN:USDTUSD+POLONIEX:BCHSVUSDC)/3
FORK
Forks a threat to Bitcoin as a safe Haven The widespread sell off caused by the Bitcoin Cash hard fork could deliver even more market disruption. For those of us invested in the space the BCH drama has been disheartening not because the forks exist but because the Bitcoin community has allowed itself to be divided again and again by these forks and in doing so diluted the value of their belief in the Bitcoin model. Other communities such as Litecoin and Monero although plagued by the same types of forks have not allowed themselves to be divided, largely rejecting fork attempts. It is on this basis that I see specific alts taking market share from Bitcoin . Not all alts though just those that adhere to the same scarce, PoW model that Bitcoin was built on. For that reason I project a strong reversal and bullish trend for Monero and Litecoin. Both have also been making amazing advances for the field most notably Monero with its bulletproof implementation.
Scarcity is critical to Bitcoin becoming the long term store of value and safe haven of choice. Right now Gold is rising due to fears stoked by a breakdown in trade between China and the US and we are in a downtrend. The best long term store of value in such uncertain times needs to be scarce and private.
Thank you
BCH/USD 4h - Little spike before the Blood ForkHello,
I think BCH could spike a little bit because people wants to profit from the free meal the fork could offer.
Then, it will go much lower if the blockchain splits.
Thank you !
Bitcoin Price slowly risingI'm beginning to think the game is rigged.
As of this writing , the price of Bitcoin has rebounded somewhat from it's low below 5400. There has been a great deal of talk lately about the integration of Institutions , Banks , and Investment firms. Perhaps this is the entry point they wanted , and everything goes up from here , with bitcoin becoming as digital gold and fulfilling Mike Novogratz absurd prediction for q4 2018 , or perhaps Bitcoin will visit former bitcoin cash territory, leaving us to hope that digital currency really is the future , and that Bitcoin isn't going to fade away.
With the asian session soon to begin , I think we can all agree that it will be a long night after a very long , disappointing day. I very much hope that this evenings session doesn't tear everything apart. (More)
Caveat emptor
(ouch)
Bitcoin Cash SV Here's Your Fib BCHSV is showing very nice price action and respecting this fib very well + decent volume. BCHSV is currently acting as an inverse to BCHABC.
I would be cautious with this coin as it's a fork of bcrash run by not so smart people, so as always use stop-loss.
Currently retracing after rejecting 2.0
BCHBTC [Intraday] Support around 510/00 holds, one more rally ?Its in relations to our previous comment here
where we advised nott to chase the price. Strong pullback reached suport around 510/500 and we see nice bounce.
If you were looking for long that might better place than previous top of the range. First target 580/600.
ETH Fork and Eth breakout Ethereum has a fork set on 16 Jan, which will solve the prevailing issues in network.
Already breakout confirmed on 4 hour, aiming at 232. Good opportunity
"Constantinople upgrade for ethereum mainnet activation suggested for 16th of January 2019, block number to be confirmed on black Friday in a fortnight," , a release manager at Parity Technologies, wrote in his Twitter account, revealing the proposed dated of the upgrade
BCH Shorting opportunity!With the BCH Hardfork looming and from previous experiences of many forks taking a massive drop before recieving the splits, BCH chart also looks ready to drop even further down staying within its descending channel & also on its C wave to the 0.618 golden ratio zone, perfect opportunity for a short!
$ARN Aeron; potential break aheadBeyond technicals but there are some visuals to get excited about. Let's hope for a nice break out of this descending triangle.
BCC correction is due 1 hour chart looks good BUT the 4 hour ...
BCC tested the daily resistance twice
RSI is overbought
MACD crossover to the negative side
The only thing supporting this trend is the 9 ema
if it breaks through the 9ema, we should see price bounce off the resistance at 83500
Monero (XMR) major upgrade makes it officially “Bulletproof”Following past months of development, Monero was preparing for a major upgrade, which yesterday was successfully activated. So what is the upgrade all about?
On the 18 October, Monero has implemented a Bulletproffs protocol, which is an advanced technology that makes any blockchain more efficient, cheaper, faster and more scalable. This method for sending private transactions, is considered to be the most effective, which can have a massive effect on Monero, now and in the long term future.
It is time to look at the price action since the Bulletproffs protocol has been integrated …
Clearly, market hasn’t reacted yet, as during the past few days it continues to trade near the 61.8% Fibonacci support level at btc 0.0015756. However, what should be noted, is that this level has been tested a number of times, and each time price rejected it. The important thing is that after upgrade, price hasn’t fell below the support, and today actually bounced off it cleanly. Not to mention the bounce off the uptrend trendline.
So far the price action stays positive for Monero. As long as the support level is being respected, XMR/BTC will either consolidate or continue trending upwards. The consolidation should be confirmed upon the rejection of the btc 0.018600 resistance that is 61.8% Fibs.
Upon the price breakout above this resistance, Monero is likely to travel further north, aiming at the key resistance area near btc 0.002 psychological round number. Namely; 78.6% Fibs at btc 0.020088 or 88.6% Fibs at btc 0.020977.
Currently RSI oscillator remains below the downtrend trendline, which makes Monero buying opportunity very risky at this time; disregarding the fact that the support is holding. Perhaps more time is needed for XMR to reveal its’ price development plan.
Talking about the risk, if the support will be penetrated, with a clean daily close below btc 0.015627, Monero might be forced to go lower, hitting either btc 0.014800 (78.6% Fibs) or btc 0.014230 (88.6% Fibs).
Briefly, fundamental news are extremely positive for Monero, although investors didn’t react on it. Perhaps market is still digesting the news and as long as the support is holding, price is likely to rise.
Support:
1. 0.015756
2. 0.014800
3. 0.014230
Resistance:
1. 0.018594
2. 0.020088
3. 0.020977
NEO “China’s Ethereum” Neo is a blockchain project that is playing a key role in transitioning the world to a smart economy through the use of disruptive technology. Its infrastructure is an open source network that allows for the digitalization of physical assets and the creation and execution of smart contracts to manage these assets on the blockchain.
It has attracted the name of “China’s Ethereum” due to the striking similarities it has to the number one altcoin.
NEO categories
Digital currency, Smart contracts, Build dapps, Platform, Token issuance
NEO events & roadmap
10 November 2018
NEO Super Fork
NEO Super fork at 20:00 GMT. Each NEO holder
if you hold 10 neo you will get 20 NEOX
good deal free profit at bearish market
from TA we can see NEO play around high of Yearly Support around 0.00253504
Also forming falling wedge Neo Breakout but follow Sideway movement
Best Buy zone located at 0.00195071
This entry, not the best on but still good because it`s high of yearly support
Buy around 0.00265491
Targets
0.00330463
0.00396493
0.00476469
Mid
0.00501537
0.00556446
0.00618517
0.0066988
Long
0.00750985
0.00849894
0.00936933
0.0101606
Mega-Long
0.01109034
0.01338502
0.01467083
HOLD
HOLD
Stop_Loss:
Close Daily below 0.00240402
Risk/Reward
9% / Hold
Invest: 5% / 15%
we ask Allah reconcile and repay
Per Request: View on $BCD Within The Short Term? Quite BullishI already post my opinion on Bitcoin Diamond, you can find it on my profile with search button feature here.
My drawing box is still there at the moment and as I said as long as the price is within the box then it's still a ranging market with steady trend. Why I consider so? Because of the latest pump occurred in the last month still put bias on people's psychology, plus there is no fundamental update from the dev itself that I think quite good to move the momentum. Therefore, at the moment I'm looking that BCD is quite slow.
My indicators showing that this time we might seeing a small bounce as you see we're recovering from the last wicks. This wick that I expect to happen within the box, just nothing special. Small 5%-8% from the bottom of it.
By the time, I will re-assess this chart again.
If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
EURUSD Broke Swing Low This pair broke the "BC" swing low and is seemingly heading for 127.20% extension and probably the 161.80% thereafter. There's the Median Line of the downsloping inside set as well. Previous long position is closed at breakeven. Looking for bullish reversal around 1.1350-1.1450 now. There are some signs of expanding triangle formation here as the "AB" high was broken by 39% and previous "BC" swing's low is broken currently.
ZCL ANON FORK SCENARIOSThis what can happen with incoming ANON Fork on 10 September.
Be Safe and like always... keep an eye on BTC movements.
Happy Tr4Ding !
BTCUSD - Where to buy?This is an Action/Reaction Model, paired with two Forks. What do they show you?
- Extremes of swings
- Center of swings
If you apply the 7 rules of this analysis framework, you know when it's time to buy or sell. No, it's not 100% exact every time. But how about over 80%?
Gather knowledge and get my signals while you learn to earn. Go to my website and register for free.
P!
zclassic upcoming fork trend should continue after fork snapshot as wider exchange support for zcl and anon comes in the next few weeks, have fun, general market sentiment turning.
EURGBP - Do it again SamOK, here's the same idea with more information (more bars) then this previous one (see the previous chart below):
Now we even now that "they" have built a so called "feeding zone" (orange), where the whales in the pond eat all they can, just to pull the strings later.
But first the whales wash out the stops below. And as we see, they even are fishing below the Centerline, just to go long again and leave the ordinary trader behind them.
I expect the same jump above the zone as they did to the downside, but then a pullback to scare the hell out of the breakout traders. This is the exact zone where I load up the boat even more and go long, riding as a Guppy on the back of the whale.
May Neptun with his Fork be with you §8-)
P!
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ZCL %1000 Posibility. Bullish Rise Already StartedThe chart says everything,
Hold for 20 days.
it is not a trading advice.