Fud!
BTCSHORTS Got Hammered!USDT FUD???
Crypto community's believe that Tether does not have a real amount of $ backing USDT, about which BitFinex, Tether’s partner exchange, is already aware. And while USDT is one of the highest volumed cryptocurrencies, the exchange couldn’t handle the capital flight towards Bitcoin, resulting in a huge drop but BTC pump.
This seems have started with kucoin exchange
As per a tweet on KuCoin’s official Twitter handle, the firm has announced that it will be temporarily suspending all USDT transactions across its platform. While there appears to be no major reason for this sudden halt, it seems as though this move is part of a larger wallet maintenance regime that KuCoin adheres to regularly.
What do you all think? When will the price level off between USDT traded or affiliated exchanges to NON USDT related exchanges?
The irregular movement is mainly between exchange prices as we know the shorts can move like this anyway but i wanted to mark when and where it occurred for referance
Long Term Ascending Triangle but Watch that Support!It's tough to imagine being anything but long-term bullish on Tesla.
There's strong resistance at $400. May consider buying more if it ever breaks, but with the recent news that Tesla will remain public, it could be a while before that happens. Until then, I may buy on dips, but don't expect any huge short term gains. I'm in it for the Tesla mission. However there's always that chance that it breaks early and we can start talking about TSLA at $4000 in a few years. The only reason we're not seeing exponential growth already, is because fossil fuel shorts. They don't care if they lose money shorting Tesla. As long as they get to keep their pundits in the media, spreading FUD, their mission is accomplished. They know their days are numbered, but they're still cashing in while they can at everyone else's expense. If you're smart, you can see through the bullshit and noise.
Will be keeping a close eye on that ~$290 support. If it breaks below in a big way, that will become the new resistance. If that happens, the planet loses, we all lose.
Update on today! BS!I did an entire 10min video but it didnt record well on TradingView.
Basically, that pump WHALISH behavior.
They are at it again.
However, price is sitting on support as per noodle 1 and 2.
With no buying volume between 6375 and $6150 , a close under 6351 will cause a glorious drop.
A little longerterm 3H, price for now remains down. With this current jump being a minor distraction..
I currently have no positions open as the market needs to show its true intent.
Safe trading,
FIBAUS
FUD? PANIC SELL?Do you see that red candles out of the Bollinger Bands? It happens when the price movement is not natural, panic selling, manipulation etc.
Anyway, we have to deal with it. The 50% line (mid line) of the gray support area should hold as support, or its will turn to be probably tribble. Although the ultimate bot in order to don't go down to $4000 should be the 3D EMA200, 3D candles close should be above EMA200 area. You can check my previous ideas for 3D charts and a more comprehensive explanation.
Futures expire. Correction over? Or triple fakeout?This has been a very difficult flag one which has waiting until the last possible second to do a bullish fakeout and then also a bearish fakeout. Seeing as how we are at the end of the apex I'm guessing it will be quite difficult for it to do yet another fakeout downward...also futures have expired today so there's no real reason for whales to push it down...the fud about the Winklevoss rejection has also now been counteracted with the chairwoman of the SEC "dissenting" with the ruling(conveniently timed). Her reaction tells me we might very well see an ETF approved in the near future. I'm gonna go out on a limb here and say we are going up and the dip we just saw was just a dip buying opportunity. Of course I could be wrong we could be end for a mind boggling triple fakeout..but this time I think we are going up. Thanks for reading *not financial advice*
BTCUSD: Taking a Buddhist approach: Seek the middle ground.I'm fairly new to the crypto-currency markets, but have thoroughly enjoyed reading the extreme dichotomy of views. Today I'm hoping to add a more "middle of the road" approach. I'm not discounting TA by any means, but I'm going to say some things that might be contradictory to many points of view and I welcome all constructive criticism in return. After all this should be a place of thought exchange, not a place of ignorance.
Looking at the entire bitcoin lifespan there have been some wild swings. I don't think any one would deny that. However, taking into account the highest highs and the lowest lows, the middle path is probably where we should be setting our sights. We know how high BTC can go and we know how low it can go; every self proclaimed TA expert out there tells us where it should be at any given moment.
What's strange to me is that every one should in essence understand that it can go up and it can go down. However, I don't think people are listening, they are only reacting. Let the following put some newbies at ease. If year end estimates put BTC at $4,000 on the low end and $25000 on the high end, lets say that in reality at the end of the year it should be somewhere in between. All likelihood it will probably finish out the year at somewhere around 11.5k. If we close above that awesome, we're ahead of schedule, but we'll probably see a down turn. If we close below that, wait a few weeks, I'm sure we'll meet the metric.
Next, I want to thank all of the hardcore bears out there that think bitcoin will be going down to zero. With out you I couldn't have improved my position. In DEC I bought some BTC for a crazy amount just to have some skin in the game. What this drove me to do is ask some fundamental questions as an economist. "Why did I do it?" "How should I approach this?" "Does crypto-currency actually fulfill a need in society?" "Is this a long or short term position?" Let's just say now after answering these questions I own about ten times the amount at about half the price. With out the bears and short-sellers driving the market down, I never would have been able to put myself in a better position.
This leads me to why I'm long term crypto and diversified. I don't care how much markets go up and go down. It makes no difference to me because I'm not expecting to get rich overnight. I've never wanted to own a Lamborghini. Drive one, sure, but not own one. Looking at the steady rise of crypto even on the lowest of lows, it's an emerging market and it definitely isn't going anywhere. I can spend day in and day out trying to make 1% or I can spend my time doing other fun stuff. As for diversification, it would be great if every crypto I'm in always went up and never went away. In reality the failure of one crypto means additional funds to another.
I'm going to conclude with this thought though. We have some of the brightest minds in the world working on crypto-currency right now. If you tune out the noise you can easily see that it has "the potential" to be world and life changing. (Long) But why do we see such crazy parabolic increases as of late? Do some research into the Keynesian Cross and market adoption. Developed nations have an advantage here in the adoption cycle because we can receive more information more quickly hence the rise of incoming money. Yes the market cap rises and decreases. Again, look long term. There are certain low points that you just never see again. Secondly, this is going to cause some leap frogging in technology. Just as third world countries never adopted landlines because cell phones were easier to implement, a lot of third world countries are never going to adopt traditional banking systems and go directly to block-chain and crypto-currency. When that happens, it will be the equivalent of a double injection of capital into crypto-currency. First the institutions of the developed world and then secondly the rest of the world.
It's all just a little bit of history repeatin'! BTCBTC -1.23% fractal waves playing out cleanly to the end of the triangle.
If the pattern continues, we make a slight move upward, and then go down to 7500. (and then...? Do we exit the triangle?)
Indicator divergence would support this as it is a small short-term bullish divergence, with a much longer bearish divergence behind it.
Marked in red lines, the tops of the double-peaks have incrementally moved from a lower high (December) to a higher high (recent).
What does this mean?? I want to say its a bullish sign, but just that - i WANT it to be a bullish sign. More likely, the initial bounce is wearing off in the repetitions, and becoming the less-prevalent motivating force. Can we use that to anticipate the strength of the next peaks? (if we are still in the consolidation by that time)
We regret to inform you that this post has been a useless, prediction-less waste of your time, and only further adds to the confusion. Sorry, no refunds.
Cheers
B
FOMO is at least as strong as the FUDFans and expositioners - welcome to the VERY first installment of My-TA-Sucks.
I am not an analyst. I am a raging ETH bull, and I only know one thing for sure - the FOMO is at least as strong as the FUD . That's what I've been telling myself for years.
Based on previous patterns, ETH normally makes a run leading up to Consensus (May 14-16). At Consenus, all the crypto wannabes go " ooooh, aaaaaahhhh " then invest their life savings. I follow tech more than the charts. But charts help me put things in perspective. ETH will reach US$1,000 by the end of May. We'll go higher if SuperVit makes some announcements on Casper.
The only thing stopping ETH is not China, not the SEC, and not exchange hacks. It will be the rise of inter-operable chain solutions like COSMOS that divert the sunshine. BUT, dear folks, ETH has the first-mover advantage, the network effect, and a lot of smart people working on scaling solutions. Even though the BTC code sucks, people still buy it. Because of the network effect. BTC will still be king, but ETH will always be my baby-love.
Like you, I cried and nearly jumped off a bridge when the FUD took hold from Jan - April. But, why oh why, did we not believe in our first instincts. The same voice is calling us again to follow and believe.
Will let you know when I think there are short opportunities, but it's not now. I'm long as pinocchio.
BTC to the pit of Misery! Dilly Dilly -Bearish Triangle formingHide the women and children! There are bears lurking in the general vicinity. Could the Mt Gox rumor be throwing shade at BTC? Will the Bulls hold the line? We are doubtful on the latter, that is definitely a bearish triangle developing...the next support looks as though it is 8050.
xoxo
GoldenParachute
Nano at the the bottom?#NANO is one altcoin that remained almost static those days of btc sidetracking.
A lot of FUD about Bitgrail hack took down the price but remain still a good project and the Nano foundation recently announced a legal fund for the users involved in the hack ( medium.com )
The price retraced about -59% and the RSI got oversold. MACD crossed a couple of days ago and show potential a bullish trend.
In this moment there is a short run (probably due to the legal fund news), and possible price target could be 7900sat and 8200K on the weekly resistance
From a fundamental point of view there aren't particular issues and the roadmap look promising
#NANO #Cryptocurrency #Criptovalute
WE'RE LIVING OUT A PARANOID SELF-FULFILLING PROPHECY- BUY!This is the most excruciating, embarrassing, market-self-inflicted excuse of a wave 5 end-of-recorrection I've ever seen. The whales consolidated between $6,500-$7,000 over the last 2 days. There is no downward pressure. There is no where to go but up.
Think about this dummies - we haven't been below $6,700 (besides the last 2 days of whale-consolidation) since November 11th, 2017. How many fucking HODL's can have a long position lower than $6,700 after the recorrection we finished 2 DAYS AGO? Anyone with large bags who bought in prior to 11/11/2017, sold their profits off long ago.
THE WHALES, THE "BOYS", THE BANKS, THE OG BTC SQUAD, THE MT. GOX TRUSTEES, AND SATOSHI FUCKING NAKOMOTO SOLD, SHORTED, OR CONSOLIDATED OVER THE LAST 3 MONTHS OF BLOOD.
We've created a self-fulfilling prophecy - FUD, FUD FUD.
Death Cross Imenent Facebook has been hit pretty hard due to the data leak FUD. Users are questioning weather Facebook deserves their service after their data was leaked. Facebook has not seen this much volume since 2014, and I believe a one to two month correction is imminent. in the past, Facebook has been known to wedge in price after a correction and bounce back to all time highs. A wedge forming at its current price lever would be an ideal bullish scenario. The Facebook FUD seeming temporary also adds to this prediction. If there is no wedge, I believe a death cross is imminent. If we get the death cross, I believe a correction is imminent and Facebook will be down in price for one to two months.
$ADA Cardano And Its Falling WedgeLike many coins being pushed around by BTC FUD and FOMO (but mostly FUD), Cardano has been sliding continuously down the Falling Wedge. This has many in crypto salivating at the prospect of a true bull bounce up from it's end. Do we see it here? Could be, as the last 'V' bounce was quite energetic. Look for the bigger breakout and hold on to your hat! First target is .000035 zone, followed by Fibonacci play.
BTC/USD - 3/16/2018 Good Morning, Traders!
I'm going to be looking at BTC/USD once again today, but on the weekly chart, to determine a longer-term target than usual.
The Elliott wave pattern was clear and the price looks like its currently finishing its second correction wave that started around December. I gave the fourth wave a little more time to develop because the second wave in this cycle was a very sharp corrective wave. Meaning that the fourth would be flat.
The price is also following multiple upward trends that will help keep the price afloat if the price breaks this current trend and leads it into another bearish push.
The target price when looking at both the breakout of the trends and the Elliott waves cycle is just under $30,000. The best prices to buy are marked by grey boxes, the worst case scenario would be that the price stays bearish all the way to the price of $3,000. But in that case, that would also be the best price to buy that has been available since September!
Important Resistance Levels: $11,500, 20,000, 30,000
Important Support Levels: $7,500, 6,000
DISCLAIMER
WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK.
CONFLICTS OF INTEREST
GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN.
Written by:
Arham Bheda
Senior Research Analyst
So what happened today with Bitcoin? [BTC]THIS IDEA HAD TO BE RE UPLOADED BECAUSE THE LAST ONE VIOLATED THE HOUSE RULES
Hello everyone, I hope you are having an amazing day!
I'm here again today with another TA/FA on BTCUSD
As you can see on the chart we saw a huge drop in price of Bitcoin , why's that you may ask?
A lot happened today (past few days) all "FUD"
FUD from Japan regarding Crypto Exchanges. Here
SEC press-release Here
Whale that sold $400M worth of BTC/BCH Here
And last but not least, a FUD that had a big role on this drop.
Binance was "hacked", well, not really, that was the FUD that was spread, actually some users who had API keys on third-party platforms got compromised and they ended up getting all of their coins sold (A bit off-topic but this was why VIA coin pumped over 9000%, you can see it on the Binance chart here at TradingView) you can read the answers from Binance Here
An update on the Binance situation can be found Here
All is good!
There is not much TA here, we can see that this FUD had a big role on the drop, it made A LOT of people Panic Sell as you can see from the HUGE Volume Spike (The Purple one, in the default setting that would be Red)
Do you also see where the Drop 'ended'? Exactly! In our main downtrend, it was slightly pierced (which means it was weakened as support) but LUCKLY it held!
The green line is a support (price struggled there on the past as you can see, it's the white boxes) and our candles (all of them) closed above it which is a sign of "power", as of Fib levels (not much really) price touched 61.8%
Common question: What about the inverted H&S?
It looks ugly but the pattern (and the concept) is still there, also it looks like a double bottom on the 9.4k zone..
To finish this Idea I wanted to say that I left three ideas on the related ideas tab, one from myself, another from D4 and the other from Magic, as for the last 2, they are great, I agree with both and they are well built, you should give a read, as for mine you should also read it (the updates mostly), because there you can find me talking about the Channels that were broken by BTC (Those channels were key levels)
This is one of many ideas I've made, you can check my other older Ideas just open my profile and see!
DISCLAIMER:
This is my own personal opinion! Don't take what I say for granted, this is NOT financial advice. Don't spend what you can't afford to lose, and remember, patience is a key on this Crypto Market! Hold is life!
Trade safe and have a nice day!