BTC might see a pump during/after the ETH hardfork, when ETH is expected to dump.
New chart showing possible outcome base on previous trade history and fractals Arrows explains everything as i think it will happen. Be safe
Bitcoin most likely to dump a bit further due to China selling, to be followed by a FOMO rally to the moon!
Still going as predicted. Bouncing back from the support, but with over a day to go for The Halvening, we can expect a small dump back to support before the Big Pump. Monday will be interesting!
Further down following the trend, until The Halvening at about 565. Then long, either safe exit at 640, or to the moon! COINBASE:BTCEUR
Idea 1 Inverted Head and Shoulders breaks up and fully retraces the dump invalidating the downtrend movement showing strength. Idea 2 Inverted Head and Shoulders breaks down continuing downward pressure and finding support ~3800+ and continues uptrend. Idea 3 Inverted Head and Shoulders breaks down continuing downward pressure, finds support ~3800 and...
www.zerohedge.com More evidence of China having a currency crisis that has yet to be reported in the main stream news outlets. This surge is a Black Swan event. US buyers have taken notice and volume is increasing on the BTCUSD side (circled). But, nowhere close to the volume seen at the launch of the current November rally (blue arrow). In my last...
Just as the ETH, the BTC chart suggests an incoming decision point followed by a major breakout. In this case here it is between moon up to 547.00EUR or harsh decline at least down to 450.00EUR. Time will tell... Happy tarding!
Formation of a Rising Wedge indicates a reversal. Price action was denied a major move up and came to create lower support. Entry point below green line, confirmation zone (yellow box).
Sooo, weak... On top, we have another significant spike of "days destroyed" >>> blockchain.info While there is certainly a lot of room for speculations about the possible reasons, I do consider it as a huge bearish red flag in any case. To buy/long ETH and getting rid off Bert before he starts to properly dump is recommended. Target (BTC): 373.00EUR (ETH):...
We are at the 50% retracement line. We are near the bottom of the wedge and we are near the end. I think all in all things are gonna go up from here and it will break the upper boundry and shoot up.
XBTEUR hit 0.236, ready for a bounce in the regions of 0.618/0.786. My target is €385 however it could drop as far as €377 in order for it to bounce off the trendline. This is also a 0.382 retracement line from the low in march and the high in April.
Breakdown confirmed... Dump incoming.
Big dump from 3015 and now retracing that dump, it'll retest the structure, fail and drop. Once it begins to drop, depending on market sentiment it could floor to 2800 or bounce at 2850 support. After ~2 days consolidation from the point it hits, it will fly up to resistance and test for the third time with a breakthrough. Shorting the bounce then longing the bottom.
Final Destination: Bottomless Pit Let´s be honest, the fundamentals are just too bad and rejection after just breaking up super weak. My bets are on Ether here...
The daily as well as the strong support in 2050-2100 area provide strong indication. Sidelining until a decision, which will most likely be depending on the question if bitcoin (chart in comments) can breakup.
I think if we look at higher lows since october 2015 we can clearly see slow and steady rise in bitcoins value. Market is very calm those days but overall prediction is long. I think at January 2016 we can expect price 480-500 according to this steady appreciation. If you are interested in buying bitcoin, you can do it for sure on bitstamp.net or at eToro ( ...