...IT´S OVER(!)
Haterz gonna hate, BUT in-depth research into the Bitcoin blockchain surfaced some major issues.
For more details, please feel free to follow me on Twitter or inbox me. With so much money on the line, we should not tolerate that a potentially severe exploit is being covered up. That´s at least my n00bish take on it.
While I most certainly DO NOT...
My last few charts failed to pinpoint the exact Bitcoin top. Their were several potential tops at $680, $715, $750-760 to consider from. In the end Bitcoin formed the exact ascending triangle(s) we had seen in the $465 - $360 range. This pattern is not new for Bitcoin, as a matter of fact, the same ascending triangle pattern formed prior to the Megabull of 2012...
Nice cup and handle with bull div and flat ichi cloud price magnet
entry from 1950-2050 good imo, should hit target within days. I also feel target at 4100 area is safe as 4200 was good support
should be headed for target within days
Nice cup and handle with bull div and flat ichi cloud price magnet
entry from 1950-2050 good imo, should hit target within days. I also feel target at 4100 area is safe as 4200 was good support
should be headed for target within days
We are approaching the end of the flag pattern (created by price increase at the end of May through mid Jun and the correction/bottom in early August).
We are currently trending above the 9 MA and 200 MA.
The next level of resistance I see is ~$614. If we break that resistance level I believe the price will jump to ~$623 (or the .382 Fib resistance level). ...
Developments continue on POLONIEX:IOCBTC and with that and the current structure, price seems to be attracting toward a new, higher range due to increased demand and interest. This may look overbought from here, but the chart is already proving me right, that the fundamentals are so good on this one.
As the Triple Bottom Reversal develops, it can start to resemble a number of patterns. Before the third low forms, the pattern may look like a Double Bottom Reversal. Three equal lows can also be found in a descending triangle or rectangle. Of these patterns mentioned, only the descending triangle has bearish overtones; the others are neutral until a breakout...
After the bitfinex hack, the price of bitcoin plummeted to prior support levels around $536. Once we break $596 (the 50% retracement level) our next level to hit is $610..... Once i see the 50% level break I will go long around $597-$598 with the intent to get out around $610 or higher....I trade using leverage, hopefully the move is quick.....
This bull flag on the btc/usd has just about run its course. Looking for the squeeze out now to the upside. What do you think? Can the the lid be kept on thing forever?
That is why i think Ether will soon beat bitcoin in capitalization:
1. Market cap is more 1Billion$ and it is growing.
2. Infrastructure of smart contracts (custom logic above blockchain technology) involving startups and big corporations (Microsoft, UBS etc.)
3. New opportunities for companies wanting to use advantages of Blockchain technology in their businesses...
1. BUY ACTIVITY WITH VOLUME AND RISING PRICE (Why ?)
+
2. FOLLOWED FROM EXTRAORDINARY RISING OF THE HASH RATE (2x in some months)
+
BUY PRESSURE CONTINUE UNDER INCREASING OF THE HASH RATE
= 3. Bitcoin is preparing for a upper breakout!
This could happen from a instant lower hash rate (check the blue line) or with a small increasing every month (check the...
"Let's Keep it Simple Stupid!" This is what I tell my trading students and this simple statement will help you be successful trading long term. Let's take BTC/USD - movement has been incredibly volatile but we are now seeing a shift in that volatility in the past few months and will continue to see more steady patterns emerge. As more and more people and...
go long because of:
- increase in media attention
- lots of international organizations are now supporting the value of blockchain and bitcoin
- macd is pointing up
- crossing rsi pointing up
- increase in volume
- steady growth in price & volume since november/2015
Maybe the big players are trying to replicate the 2014 spike to 1K USD per coin??
Who knows...
