There is a lot of FUD going on, look at the charts and you will see that this follows the same pattern that we have seen in the past. Granted there has been a much higher media hype which caused a steeper growth but we should be set to hit a new ATH jan/feb.
Yesterday Bitcoin fall down Because of 3 things:
1. Japanese Finance Minister Taro Aso said on Tuesday that bitcoin had not been proven as a credible currency.
2.South Korea's Financial Supervisory Service said on Tuesday it does not consider bitcoin and other cryptocurrencies to be currencies of any kind.
3.Japanese retail investors who are...
A Game of Coins
With the relatively "stable" price action currently on BTC, there is an air of "what's next" amongst traders and investors.
As you can see from the hourly short term chart, the current BTCUSD price action over the last few days has been in a range of between 14K - 18K, give or take a few spikes. As such, the circa 30% fluctuation is nothing to...
The crypto currency boom opened a new chapter on Monday with the start of trading bitcoin futures on the CBOE Chicago Stock Exchange. The price for a contract with the delivery in January started from $15.460, but soon it soared to almost $ 19,000. The volume of contracts almost reached 3000 at the time of writing the article.
The pricing of futures proved to be...
Bitcoin has come under fire again this week as yet again it reached all time highs. Along with this we saw a lot or demand in the coin grow as news and media outlets flooded the market with stories of all time highs and bubbles and what not. Taking a step back and ignoring all the waffle out there we can clearly see price rejecting the psychological level of...
What a crazy weekend !!!!!!!!!!!!!!!!
All the people that consulted me last week and I told them to "buy Bitcoin, don't wait that it will fall again" - lost a lot of hair in the last 2 days.
Bitcoin until the end of the year will pass the 10K price no doubt.
2000 USD in 3 days do you realize what it means??
10000 USD investment could become...
With BTC at another ATH (All Time High), the question is - once it hits the magic 10K USD and everyones sell limit orders hit - where are we going next!?
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Based on the premise that "previous resistance becomes new support" (Thanks Nicholas Merten - Data Dash), as well as several other data points, we can carry out analysis as follows:
1) The last...
Bitcoin is still consolidating around level 8200$ (7000€ area).
Based on the 4H timeframe we see an MACD divergence that has formed.
Bitcoin bulls try to keep on pushing up yet a decent retrace to level 7500$ (6600€) or 7200$ (6300€) (area lower ascending trading channel Trendline) or at least further consolidation around 8200$ (7000€) area into the next day or...
Possible short entry for bitcoin as this can be the end of wave B. Though I have made a mistake once trying to catch this end of wave B so be careful.
Others things I look at are the upper trendline on log scale chart (~8160; see here uk.tradingview.com), upper original Andrews pitchfork and Schiff pitchfork and the fibonacci projection...
After a crazy long weekend, the Crypto market saw Bitcoin making all of the miners confused,
It's an opportunity that will not return again it's like Bitcoin a year ago.
Our mind can't realize the future potential there is in these coins it's like the internet in the 80's.
Bitcoin will go up and still didn't reach his full potential and as we all...
The BTC/BCH Pump & Dump is an interesting aspect of the amount of manipulation that can still occur within the "Large Cap" Coins. Macro forces are definitely in play within this particular movement.
"The Cashening" seemed like an opportune moment for BCH community/stakeholders to push for a market grab, due to the instability that Segwit2X caused.
The chart proves a few things:
1) A double bottom formed, so the hourly trend should reverse.
2) BTC is so volatile. You need very wide stops to trade it successfully.
3) What happens to BTC in a few days, can take weeks or months in other currency markets. Note: As some talking heads say, BTC is not a currency, it's a commodity.
BTCUSD MEET BEARS
People, it's nearly Christmas.
And people need to buy presents at Christmas.
People can't yet buy presents with Bitcoin.
People need to sell Bitcoin to buy presents.
Thank you for reading my poem.
I'll see you all in 2018 for the Bull Rally on Cryptos.
Expect Crpytocurrencies to be the 2nd largest volume of trade in 2018 behind Foreign...