A Bitcoin idea according to J-CurveThere is an article about crypto cycles in 12 phases by Felipe Olmo Fernandez. When I read that I found it interesting and I tried to summarize current situation of bitcoin into the idea of the article. The result was amazing. The idea works with it and according to that we are almost in the beginning of a long bull-run that is waiting for us by the end of 2018! I think it is wrong to say that we'll see bitcoin at 60,000$ soon! Love you all and please leave your comment below.
J-curve
PERSISTENT A LONG TERM GOOD BETNSE:PERSISTENT
The chart is forming a bullish curve pattern. If it breaks the resistance level of 954-960 then it can go up till 1000-1100.
Keep the stop loss at 658.
LONG TERM IDEA.
DISCLAIMER:
Chart Analytics or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst (in case any financial interest is held kindly disclose). Chart Analytics or its associates/analyst has not received any compensation from the company covered by Analyst during the past twelve months. Chart Analytics analyst has not served as an officer, director or employee of company covered by Analyst and has not been engaged in market making activity of the company covered by Analyst. The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision
Research! Research! Research! I smell blood.I don't disagree with the notion that right now we are set up almost identical to the market in 2014. I don't disagree that we probably have a while longer before we see a bull run. But I am pretty confident we aren't going to see 2+ years of bear market and I don't think we will see a 2+ years of bull market after. I think what we are experiencing is the final days of true manipulation, the beginning days of true adoption, and a culmination of some really strong forces. The noise will continue, but the rise will be more steady. Let me explain...
Maybe we haven't hit rock bottom but with the bulls crying their eyes out and people shorting so sure of themselves, I would say that it's a pretty good time for some or all to get wrekt. Think about it. There is a moment when you can make both animals cry. The minute of reversal where it's obvious that a massive gain is coming, but hasn't yet so the shorts get liquidated because of the lack of coverage. And then there are the bulls that so badly want something to moon, but in reality it's going to be a slow steady climb.
Going back to the rate of adoption, think of the bell-curve that happens. No where in that curve is there a break. Adoption and price accelerate through about 1/3 of the total life cycle. There is however sometimes a chasm, much like the described perilous valley in the accepting of humanoid robots, that causes confusion before all of the early adopters get on board. The only thing there is to determine is how long the life of a cycle will be. In my last post I messed around with GDPs of five countries. I found at just one percent of their GDP in crypto-currency, the number is actually a little more than what the current market cap was listed at that day of 299B.
In a perfect world right now we would see enough growth through adoption that we could take profits and new money coming in would offset the profit taking. But instead let's see what a macro story can tell us. Right now there just aren't enough retail stores taking crypto to make a difference but what happens when that threshold is crossed.
1. Some one buys something with crypto.
2. Price of crypto goes up due to fiat entering a market.
3. Amount of fiat in cirrculation goes down
4. No reason to sell crypto for fiat because enough retail to sustain oneself.
5. You get paid in crypto from work.
6. You buy more stuff gradually shifting more GDP to crypto.
6. Cycle repeats.
This is what we should be striving for but due to where we are in this adoption cycle right now we are still ironing out wrinkles and people don't see a bigger picture. So Research, Research, Research! Prop up your own currency and figure out how you can make actual differences. Lastly, sniff around for the blood. Look at opposing views and see who is either scared or overly-confident. Just like bulls think the market will go up even in the short term, bears tend to think they will continue going down in the long term.
Refer to my Buddhist approach to investing for inner peace if you seek the middle ground. ;-)
Back to the bell curve and exponential growth: adoption cycle goThe sixth is here and I want to remind people first and foremost that BTC doesn't have to do anything that we predict it will do. As a matter of fact if manipulation is as strong as some people believe then it is most certainly not going to do what the overwhelming masses believe. Just as it's best to buy when there is blood on the streets, it's going to be best to buy when every one else is selling. So let's see how plausible it is from here to get to $25k and even $30k.
I'm going to put this in real simple math terms to show what the average daily growth needs to be to meet these goals. We are at just over $7.5k so I think with the volatility still in the market swings of a couple hundred dollars are still very likely. I'm going to also estimate that we only have about 180 days left this year.
$25,000-$7000 = $18000 The amount that we need to increase to get to the end goal of the shorter trend-line. 180 days left in the year means that on average we only need to gain $100 dollars per day. $18000/180 days = $100. Gains and losses can be found in the 15 minute and 5 minute charts every now and then so for the daily chart to reflect this is really really plausible.
$35,000-$7000 = $28000 The amount that we need to increase to get to the end goal of the second over-all trend-line. The simple 180 days again puts us at a gain of $156 rounding to the nearest dollar. $28000/180 days = $155.56 average increase per day.
Now with these simple numbers, apply them to the bell curve that I've presented in the past and think about adoption. Are people running from bitcoin as a whole or adopting it even more on the whole. Use cases are still few but improvements keep coming. Even as a store of value, it is still going to increase in use for a while and that adoption rate is not going to be linear. Hence the reason I used parabolic lines. As for the two beacon examples of BTC and block chain being adopted...Taiwan and Korea. There are also a plethora of countries in turmoil where BTC is being adopted as a way to not use native fiat currency. All of this outside of the normal developed nations trying to make this more usable.
Now with this said, $7000-$4000 = $3000. This $3000/180days = $16.67 dollars of loss per day over the next few months to take us down to $4000. It is really easy to see that a BTC price of $4000 is entirely plausible if things were linear, but for an adoption cycle to be exponentially increasing we would have to be on the downside of the bell curve to get there easily, and we would have to also see an agreement of sell-off between a lot of parties otherwise.
For us to reach $4000 at this moment which I do believe is possible but unlikely, there would be a sell off great enough to counter act the adoption process and the reason I'm not worried about that is because if it happens that spring is going to be compressed under so much pressure that the bull run afterwards will dwarf what we saw in 2017. I don't believe that it would happen right after the fall because a lot of people are going to lose trust in the system, but after it settles again there would be a massive buying frenzy.
Back to the basics...again.My posts are going to continue to be really simple because I believe in fundamentals and I believe in the long term. My first chart shows how no change happens if we simply recover by the end of the year. The chart won't change much if we go into a full on downtrend and lose even more market cap as well. Some people will continue to hold and some people will continue to short-sell, but it's still of no consequence.
The second chart shows just how much a newer high changes over all perspective. If we establish $25000 by years end you can see that what I call noise begins to minimize more and more.
The third chart shows that in the long run that if the market continues to grow, all of this up and down from January to May will be nothing to even mention other than it was a historic year in the continuous evolution of cryptocurrencies. I stopped only half way into 2019 because the bottom line becomes more and more non-existent.
Now the parabolic line that I've created should actually be considered part of a bell curve. If you believe that these new currencies are in the infant stage, then guess what, this bell curve is barely starting which means we have a long way to go up before we even consider it falling. A lot of people say that crypto won't be around or bitcoin won't be around in 100 years. So let's say that we are 8 years into a 50 year peak. That leaves us 42 year of growth before we actually start a decline. Even taking into account the slowing of growth at the end that leaves an easy 20 years of consistent exponential growth. 20 years at even 300% growth is maddening.
On the other hand, if we are on a 20 year cycle and we are almost at the peak that mean we will see slow growth till 2020 and then we start our decline. Because we still haven't reached our final coin in mining of bitcoin I don't see it ending that quickly. As far as pre-mined coins go, they might be a great indicator as to what will happen after the last coin is mined. Hopefully failure isn't in the cards.
Last of all, let's say that there ends up being a coin for every country in the world and by some miracle we have shifts in GDP and wealth gap so that all coins become equal. Very unlikely scenario I admit, but using comparative advantage and looking as to how with the right incentive, we might actually be able to pull this off, let's take a look at global GDP. Divide it by 100+ countries. This would give us a baseline of what we could see in crypto-growth for any given coin. I'm not going to attempt that calculation this post, because I'm sure it will be really controversial and a lot of people will criticize it, but I'm planting a seed for thought.
Hope my wild ideas are reaching a few people in the end. Till next time.
IOCBTC Fifth wave is comingGartley Butterfly pattern moved the price down to the point where 5 Impulse Elliot waves have started. The price is approaching 4th point of this pattern forming a curve like movement. Indicators are bullish and we forecast finishing of this pattern by a nice 5th wave of growth
Sideways movement still prevailsBTCUSD is still fluctuating around the red dashed downtrend line. This sideward movement will probably continue until BTCUSD touches the blue curve again and reflects upwards.
There is a quadruple support (blue circle) that will keep BTCUSD above the blue curve:
1. Support level S1 at 10029.
2. Support level 10128.
3. The blue curve.
4. The blue, thin, dotted downtrend line.
Alternative scenario: If BTCUSD breaks the blue curve, the old target 5511 comes into play again. However, it will be very unlikely that the blue curve will let go.
Pivot point is at 10547. As the above-described scenario will happen below Pivot point, a bearish touch will be added to the described scenario.
SYS holds potential for explosive parabolic gainI have been watching SYS for nearly a year, assessing its technicals and fundamentals. The iron is hot.
Chart shows many chances for notable gains provided to traders through 2017. For long term investors, it has been, and continues to be a lucrative hold. Current technicals and fundamentals look positive.
Technicals
The red resistance line established through 2017 has been broken as of late December
A convergence of support exists at current level
Marked increase in volume average
When BTC began its new rise early October, SYS demonstrated resilience beyond many other cryptos (but of course continued to display its own kind of inherent volatility). It finally gave-in a bit in early December during BTC's parabolic move, but not for long at all. It began a reversal ~Dec 14th which broke long term resistance.
Target: 22k sats
Fundamentals
Syscoin project has been in existence since 2014, has a well-established development team. Their product is functioning, and is updated and expanded regularly. They have a good history of delivering on their roadmap, including the first functioning decentralized marketplace entirely on blockchain.
Upcoming deliverables include:
Masternodes: Ability for transactions-per-second performance to scale-out with added nodes (theoretically 100k TPS per 1000 Masternodes, 300k/3k masternodes, etc). Return on investment is promising. In later releases, masternodes will also process smart contracts and facilitate sharded+encrypted offchain file-storage (with onchain anchors), among other touted functionality. They should also result in steadying the price movements - less volatility during sideways times as holding will be incentivized.
Blockmarket Web: This brings their existing decentralized marketplace to the web, enabling ease of use without downloading a wallet or waiting for sync.
Anonymous transactions: via mixing/shuffling at user-specified denomination. Afterwards, additional tech will be added in near future which will further compound the degree of anonymity provided.
Integrated crypto exchange utilizing Flypme and Changelly (Exchange back and forth between 20+ cryptos, including SYS, directly within wallet)
Instant Send: Send and receive transactions instantly. Similar sending capability as DASH, but a step beyond: A type of backend node locking will allow an instantly received sum to be sent immediately, without delay, and without network risk of double-spend.
Rebranding currently underway, and the promise of a significant marketing campaign to be launched leading up to Core 2 release.
Over 1 million SKUs to be added to Blockmarket through their Merchant Pilot Program (NDAs in place as to who these merchants are).
Ethereum Virtual Machine: Will run ethereum contracts much cheaper and faster at a fraction of the Ethereum gas price.
Syscoin's parent company, Blockchain Foundry, plans to soon go public as an IPO on a Canadian stock exchange. The company objective is to promote full use of Syscoin as a DApp platform by providing blockchain solutions to businesses, organizations and institutions. As such, the Syscoin team tends to avoid hype or other questionable activity common in this market, because they must pass a certain level of scrutiny to be accepted on a Canadian stock exchange.
I could actually add more points to the fundamentals, but I'm tired.... anyway, the fundamentals are good as you can see.
Enjoy, and trade/invest responsibly! You are responsible for your own trading decisions!
GNO, we know how HIGH you go! (+30% Profit)History repeats itself and so does GNO-BTC
See where we have two yellow arcs of support formed followed by a blue channel that look VERY similar - twice?
See the solid blue curves that illustrate this logarithmic ascension from support to resistance?
I see this trend going UP , hitting our first target, then DIPPING and then following a similar pattern for our second target.
Speaking of targets...
Entry:
.020 BTC
Targets:
.022 BTC
.028 BTC
Since this is just a PREDICTION, we know the market can always lose momentum. Always prepare for corrections after testing Fibonacci levels.
Happy Trading Folks!
GODD XAUUSD How Gold Traders stay ahead with aid of DXY chartGold: XAUUSD 1.25% How DXY -0.25% is the gold 1.24% trader's best friend right now
So far gold 1.24% has behaved in the bear-mangling mode expected of it since the dollar broke
down below key support on DXY -0.25% at 94.26 (right hand chart) but it wasn't too smart to let
it go again at 1290. That rally on Friday was vicious for bears - the shape of price action
as gold 1.24% turned resistance at 1281 into support shows the market adjusting before gold 1.24%
powers 16 points north, a volte-face - which you would have been expecting if you've
been experienced enough, wise enough to run the two charts in tandem.
If you don't you're dealing with a blindfold over one eye...
The pin bars on the one hour chart here show strong rejection
at 1296.78 down to current levels at 1293 and a streak of
uncontested green...very rare for a space like that to remain
uncontested and it should flip back to 1288, and potentially to
1284 before it rallies again. On the other side of the street,
we can see that DXY -0.25% is flipping in a range beween 93.99 (the
high for the week was exactly 93.99 as forecast, giving a
precise point at which to sell gold 1.24% - with stops only triggered
in event that DXY -0.25% breaks above 94 and holds, in which case
DXY -0.25% is going up and Gold 1.24% is going back down. Just the best
duo/tandem trade there is in almost any market anywhere.
Use it or lose it. Probably the best companion
a gold 1.24% trader can ever have.
DXY: Dollar index 0.11%
Through all the noise of currency pairs and most commodity markets there
is a still, small, much neglected voice that can tell usually show you the
bigger picture/helicopter view of all that close combat fighting going
on below. Not always, but usually. DXY -0.25% , so far since the breakdown at
94.26, has been very helpful. It's flipping between 94 key resistance and
93.50 key near term support and this is what's causing such grief and
whipsaw in the price of gold 1.24% . Right now it's giving mixed near term signals...
believe it will break lower still eventually, but the chart is not confirming that
here....it's just double bottomed at 93.50...was Ok to bounce here for sure but
that was quite a big bounce - pins at top and botttom of move...just near
term a little confusing, at least to this writer anyway. But gold 1.24% is toppy -0.73% near
term and DXY -0.25% is showing a double bottom near term. If it can rally from here then it should push
back up to the 93.99 where it should meet profit takers. (Do same with gold 1.24% shorts
at that point). And only if DXY -0.25% can then manage to break above 94 and hold is
the tide turning back in favour of Dollar, at which point we look to short gold 1.24% again.
And on the other side, if at any point DXY -0.25% breaks 93.50 it enters a zone of uncertainty/whipsaw
between 93.50 and 93.35 where positions can sudddenly reverse - like quicksand
on a map this zone cannot be trusted - a zone to avoid if possible. However, if
at any point DXY -0.25% is driven below 93.5 for more than 2 hours it will become llikely that
support is eroding and it should start to fall away quite hard to 92.80-92.62 - and
thereby triggering aggressive gold 1.24% longs.
BTC, the long view: 10/2011 to presentSometimes it help to take a step back. I'm not sure the long-term rising wedge concept would hold water since lower highs and higher lows are only implied at disparate points as opposed to throughout the wedge, but it's hard not to notice the shape from a wide angle view. I'm also not sure you can use the ideas of the cup and handle or round bottom concept based on the increasing slope of the upper line. Whatever the case, it says something about how things have changed over the past couple of years. I think we're in for quite a ride once we're over this correction denial phase.