This pullback on Bitcoin is partially or mostly due to the bitcoin fork being canceled however the time was near either way. Bitcoin will either bounce of 21 day moving average otherwise another strong drop is expected to hit at least the 50% fib retracement level creating a perfect long opportunity. The MACD confirms that BTC was overbought and it just shows...
Well, that was interesting. And unexpected. 1. Segwit fork cancelled That crazy segwit fork that no one really wanted anymore? Got cancelled just now. All the people that accumulated bitcoin in anticipation of the fork (like, getting out of alt-coins), well, no fork = no need to hold BTC for the fork. 2. BTC reached new ATH Right at about the same time...
Fork canceled - perfect catalysator. No free money for holding BTC. Alts already gaining great momentum. Stoch RSI looks good. We are on ATH.
Would like to share my view on UKOIL price evolution from Feb 2016 to the date and a place sort of a forecat for some months in advance. Labeled as educational as I will try to update the chart with some Elliott Wave ratios and targets which I use. Also, will try to explain why oil price depends only on 20% on the spot market and rest 80% is pure...
Hi. Am deep in my sell zone, so am slowly selling a small % of holdings up to fork-day or until it drops back out of my sell zone. Added some random squiggly (guessed) lines to show the next dip and rise - IF we stay within the same channel since early 2017. It goes up to around 13k around Feb! Sounds like madness, but so does the price as I write this : $7300...
Who knows what will happen to BTC come November 17th. What we do know is by November 13th Bitcoin Cash will fork to adjust its hash rate difficulty algorithm. "The original Bitcoin Cash “EDA” allowed Bitcoin Cash to survive as a minority chain but produces wild fluctuations of hashrate. This is problematic because it prevents consistently fast confirmations for...
Lets what Friday brings! First 2 targets posted!
I know it's a little cluttered, but there you go. This is assuming the fork happens around the 10th. Let me know where you think I can do better
We're seeing very similar patterns of price action today, 14 days from the 2X fork, as we saw 14 days before the bitcoin gold fork. Something to watch will be a potential repeat of the pattern which drove LTC from $50 to $70 in 2 days If BTC has a large correction from its current all time high of $6900-7000 because of the speed of growth which seems highly...
The price reached the price of the ascending price channel . This zone could stop and reverse the market and we saw downward movement from 6500.00 to 5800.00 level. If the price breaks the resistance level , it will be a new buy signal, we should expect upward movement to the zone between 6800.00 support level .
A simple price analysis on a possible correction movement.
Second wave is starting My opinions: TP: 700/800$ SL: 420$ BUY: Above 480
Alts are gone, and SegWit2X is coming on ~Nov18. approx. Many are playing short on BTC looking for a retracement - I dont see it, at least for a week swing. Dumped my alts, and now into BTC. I'll be selling before the fork. Looking for cheap alts, with extra buying power. Anyone else feel the same? Let me know.
A lot going on in this chart, try to follow the patterns, Expanse is quite promising in my eyes, this is another coin where it PAYS to know your FORKS from your spoons. The developer's twitter said "October is going to be a big month for EXP," and they hit a lot of milestones this month, this one is a keeper.
Before the fork the market just might remain bullish. Maybe up to a 8000 USD pricepoint. Once the fork arrives, a lot of FUD may enter the market. This might turn the overall sentiment way more bearish and this is possibly done in a very agressive way. People (including professionals in all kinds of markets, also besides the financial markets) might be easy to...
One of the fellows following me asked me about Ethereum, and in the process of answering his question, I started on the analysis and figured I'd just finish it and post it. Ethereum is a coin that I was really interested in when I first came back to crypto in July. As time has gone on and all of this bubble has played out, I have become increasingly bearish on it...
Important Reading for Anyone Interested in Bitcoin Cash: www.reddit.com A history of the Bitcoin community over the last few years and how this day came to be. It's absolutely worth your time to read all of it, all the links, and make up your mind as to where you want to stand at this stage of history. I will admit that my estimate in entry points was...