Hardfork
closing Gavestone doji? if so time to test the $5000 area!!SegWit2x hard fork has been cancelled profit taking has started, we had a textbook reversal doji with a red 9 couple days ago, if this days candle closes as a gravestone doji there would no better indicator for trend reversal.
Ehtereum trend during HardforkHello everyone,
I'm really new to trading and I'm trying to work out some of my ideas in hopes to get a better and more solid understanding of the trends in crypto currency and trading in general. The trend of ETH has been really bearish the last month. I expect this is due to people trading their ETH for BTC to maximize their gain in the new Segwit2x coin. Almost all alts are suffering due to this behaviour. I expect, like many of u seem to do, that many alts, including ETH will rise again hard after the Hardfork. This would be due to people re-investing in ETH with their BTC.
I think the general support for ETH is quite big. People seem to believe the platform will have a real application in the future. Therefore, I expect people to go big and really long in ETH.
So this is what I think. PLEASE LET ME KNOW IF YOU DISAGREE AND WHY.
main point is that I'm trying to learn, so any feedback would be very helpful.
Thanks.
Time to test the $5000 area!With the upcoming SegWit2x hard fork and the uncertainty relating replay protection there is good reason for profit taking, the top has been formed: textbook reversal doji with a red 9
Hardfork drop predictions? Let me know!So the Hardfork is getting closer and closer. BTC will likely drop, but where will it find support? If you look at the trend since July, You'll maybe say that it will find support at about 5000. that's the bottom limit for the long term trend.
One more thing that might argue the opposite: BTC will rise right after the Hardfork -> People will maybe trade the new SegWit2x coin for BTC, driving up the price of BTC.
As you can see I'm still confused. I want to go long on BTC, but am confused for what is the right time.
Let me know what you think!
BTC Correction and Hard ForkBTC has broken the 77 channel and will continue to break down until the next Fib Timezone. It will touch the 0.5 Fib then race up and to the 1.018 Fib, resulting in a 25% Profit before SegWit Activation around November 18th. Once SegWit has Activated and the Hard Fork occurs we can expect a correction to 5770.
Good luck!
BTCUSD - small pullback before going up!The price of BTC has increased quite a bit over the last couple of days, but is it going to pullback a little?
What I see on the daily chart is a breakout that lost it's strength. Besides that, the price of BTC has gone out of the upper Bollinger Band en there is a clear RSI divergence on the 4-hour chart.
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BTCUSD, How to use Bitcoin Price for Trading altcoinsBitcoin has broken down from the rising wedge pattern, instead of breaking through a MAJOR resistance line. Feel free to scroll back on the chart to see where this (purple) resistance line comes from.
I'd like to explain how I use bitcoin price action to trade into alts. I like to use these resistances or breakdowns to jump a little into alts. This is because alts tend to boom when bitcoin begins to drop from its highest point. This is a good example of where I would jump into a few alts (like the Navcoin chart I linked below).
I will look very carefully for bounces around the support lines i have drawn out (purple dashed lines). If a bounce occurs around here, I'll be looking to take profit or partially exit some of my new alt positions.
Keep in mind that the hardfork for Bitcoin is a little over a week away, so Bitcoin could very well continue it's massive bullrun to reach upwards of $8000. If Bitcoin has an hourly candle close above my resistance line, I will consider exiting the majority of my positions.
Feel free to ask questions below, or to propose your own ideas about what may happen. I enjoy discussions on technical and fundamental analysis.
GIVE FEEDBACK. Current BTC trend.So the current trend broke the trend BTC had since Half July. FOMO for the hardfork has kicked in hard. On the current trend, it would reach 10k before the Hardfork :O
This is not at all a prediction, I was just wondering what will happen. The price is reaching the bottom limit of its current trend, so it will be interesting to see if it will bounce or not.
In the days leading up to the Hardfork we will see how the trend deviated from what I drew here. stay tuned!
Please for the love of god guys, give me some feedback. I'm really excited about crypto currency and trading in general.
BTC following trend beautifully. (give feedback, I'm new)So this is my 3rd post in 2 days already. Just trying to understand the constant outrage in the chat and linking it to the trend. IT'S GONNA DUMP, IT"S GONNA PUMP. well, it has just been following the trendline nicely since half July. right? (despite the China Ban and the first softfork. So, will it now continue following this trend? or are we going to see some changes after the possible China rumors are cleared up? I reckon any changes will be very shortterm and that the trend will be followed. Only the hardfork might spoil te party for a while. Where do you expect to see the price after the hardfork? Please give me feedback or other comments. Thanks.
Bitcoin can hit $7895 Segwit2X HARDFORKI think we're still in a bullish trend . If there's no crazy news and enough support we hit $6530 in a few days. We also can go back to $5930.
The bullish trend continue till the Hardfork on 16 Nov with a high somewhere between $7249 and $7895. Ater the Hardfork there will a pullback. There will be 2 Bitcoin after the fork so the price have to find his way. Maybe I check it from the sideline.
Let me know what you think!
BTC/USD 4 Hour Fork Bull RunAs you can see 4 hour Ichimoku Support has been holding up well. In the past accumulation occurred at the support and bounced right off to an ATH for the BTG fork. We then retraced back to Ichimoku Support for the sake of accumulation for the B2x Fork which will now take us to another ATH.
Entry 5.5-5.7k
Target 6.8-9k
This fork will be the catalyst for a Bull run like no other. Accumulate BTC, short Alts and good luck.
BTCUSD: Bear trap or Trend change?I'm still bullish because lower lows still do not appear on the big picture so I assume that we are in a bullish scenario until the graph shows otherwise. Key levels at 5300, 5150 & 5000.
Crypto hardfork; Ethereum.Another crypto hardfork means that there is going to be another deflation of the market before a big move up! This hardfork itself couldn't of came at a better time with Jamie dimon backstabbing bitcoin to high hell! The influx of bitcoin activity has been caused by the upcoming bitcoin gold that is coming out and will be readily available on the 1st of November which is also the same date that electroneum becomes available! What will rally more % wise?? The reason why bitcoin has rallied so high recently is if you owned a certain amount of bitcoin you get some free bitcoin gold..... FREE MONEY! so everyone put their hands in there pocket and brought some more btc! Now whats going to happen? A BIG SELL OFF... like the last hardfork we will experience a sell off which will deflate BTC and other altcoins for a short time... Now turning the spot light to ethereum... Unlike btc where it has rallied in the last couple of weeks ethereum has struggled to say the least! where BTC will probably fall back to a higher low ethereum looks stagnant and I can see it have a move down when some people exchange there ethereum into electroneum and other altcoins as the bullrun Is starting to move sideward... as an investor I would ideally buy more at the bottom green box that has been placed but I would be extremely cautious with the turbulent week we have coming! my eyes will be on electroneum for the next couple months as I got rid of some of my ethereum coins to buy into this interesting ICO...
BTCUSD: Perfect bouncePay attention to the daily candle, it could close bullish. Hammer or doji? what do you think.
Good luck!
Long Bitcoin for the next hours till $6,300. Reward 3:1 ratioBTC hard fork is around the corner and everyone wants some free BTG!
Long the BTC for the next hours. If you want your free BTG too, keep your bitcoins until Tuesday and then sell them.
Let me know your opinion if you have different ideas! :)
BTCUSD: Lines for short term, Curves for long termBitcoin seems to move exponentially, but I think it is following a succession of fibonacci whose graph is similar in terms of growth. The numbers like 1000, 2000, 3000, 5000, seem to be more important than 4000 and 6000 because they are part of the succession and reflect part of our nature. That's why I believe that the psychological barrier of 6000 will not be a problem in this bullish period.
- The RSI is not a good tool at the moment because we are reaching new historical maximums.
- The Hardfork would have a positive effect on the price of btc until the beginning of November because it is likely that many people have not yet changed their altcoins to bitcoin, and after the hardfork they are going to change some bitcoin gold for bitcoin, increasing the price a little more (up to 8000).
Remember that the higher we get, the stronger the correction will be.
