Also just noticed the large bearish cypher right before this. This could spell disaster for BTC
proportional reasoning for thinking what bitcoin may be doing next.
Eastman Kodak has has been going crazy in the passed 3 days on their adoption of "blockchain technology" (everybodies favorite buzzword). And it has grown nearly 250%. Not only is that absolutely insane for the current market but Kodak has had a losing streak pretty much since it has gone public... To top it all off, take a look at the volume: more shares have...
These continuous largescale pennants speak for themselves. Along with analysis of the chart, tronix CEO showing great leadership and marketing
I know you call me crazy to predict prices such as 100k per BTC, however I see so huge hype on crypto market that this is possible scenario. Bubbles have one biggest issue - nobody knows when it will break. Usually bubles grow to the levels that nobody expect. Despite we already reached unbelievable levels we may only guess where is the top. I expect insane...
Turns out that we have 2-3 weeks to stand still while BTC smoothly goes down and touches to the weekly channel support around 3.600-3.700 So, I took a look at the Bitcoin history, as we have time right? It seems, the excitement about bitcoin, has changed gear for the last 2 years. And if specifically talking, RSI , since the end of 2015 has been touching to 50...
There have been many articles and rumors around the speculative price bubble forming in Bitcoin (and the cryptocurrency market as a whole) Today, what would mean a bubble with the size of the one formed back in 2013? It would mean a 5127% increase in the price of Bitcoin from the level it broke the resistance in its logarithmic trend. In the course of ...
Right now many analysts agree that the market is overvalued, but many believe that just because it is overvalued doesn't mean it needs to be corrected. Many traders now trade with cognitive dissonance because the market is overdue for a correction. Just because there may be a "bubble" that doesn't mean that it will "pop". But I think that due to and overdated...
Looking to see a pullback within the next year that will be significant in size. QE is ending and other bubble factors will finally have an impact.
Psychological Stages of a Bubble Market 1. Stealth Phase 2. Awareness Phase 3. Mania Phase 4. Blow off Phase ---------------------------------- Types of Trends 1. Up Trend => Rectangle => Down Trend 2. Up Trend => Down Trend POLONIEX:BTCUSDT BITSTAMP:BTCUSD KORBIT:BTCKRW