I think we are going sideways (healthy consolidation), if we break 4850 and 4900 it would be a bullish confirmation. If we go down and break 4750 and 4700 we could see a bearish situation. Remember that this analysis is in the short term and those movements must be strong in order to make any trade. Personally I think the hardfork is already acting positively on...
Approaching the date of what would be a new fork of the master of the cryptocurrencies, the Bitcoin after changing clearly of tendency, is prepared for the bifurcation in the coming weeks. For now the strongest levels of resistance have been met, where it is ejected even by force and intention ends by breaking them and following the path I have marked. We will...
Next hard fork (Metropolis) is scheduled for ~4.3 millionth block (~september 22). Past HFs show a run up of varying magnitude into the HF event, followed by an immediate decline in price. Short term long followed by a great short opportunity.
POLONIEX:ETHBTC Hi all, I believe now is a good time to shift your attention towards Ethereum and perhaps even place a trade. You may have noticed that in all my ideas for longer time frames there is always 2 components that drive what position to take. The first is technical based and the second is fundamentally based. Starting off, we can see that the price...
BTC has continued to remain unfazed during all the major events since January 2017. The upward trend has shown resilience and remains poised to enter yet another hard fork with dignity.
But not today. According to my calculations, the last bitcoin will be produced in about 2023. By the time judging by the cyclical movement of the currency, the level of 7000 is quite possible! At the moment, the time of correction in the area of 500
If you look at Google Trends , you can see that bitcoin is popular in countries such as Bolivia and Nigeria. Also, you can see a decline in interest, which coincides with the divergence of price and volume.
BCHUSD Update: Lower highs and lower lows signal further weakness. This market has no bullish structure in place at the moment and no support levels to speak of. In a situation like this I would look at purely psychological levels like 250 or 200 for any potential signs of reversal. I have not been reading up on the forums about what is going on fundamentally...
Inverted Head and Shoulder pattern created on BCHUSD ...
ETHUSD Update: With the big event seemingly out of the way, it appears the outcome was a non event in terms of price action chaos. The higher low that I wrote about in my previous report held and has lead price to a higher high at the 232 area which now puts it within striking range of the 241 resistance (.382 of recent bearish swing). With the compound bullish...
BTCUSD Update: Recent market structure implies underlying strength even though low volume holds it back. With 8/1 just around the corner this market is likely to stay quiet, but IF a bullish catalyst unfolds on Tuesday, there is no structural resistance holding this thing back from new highs and beyond. The recent upswing off of the 1826 low happens to be...
ETHUSD Update:Multiple day higher low forming in low volume environment as 8/1 gets nearer. As long as price stays below the 208 resistance, it is likely to gyrate within the 183 to 163 support zone. Everyone is waiting for the outcome of 8/1 and the low volume serves as evidence. Nothing unusual about this especially in light of the constant ICO scams and...
Historically, the basis bband on the weekly interval has been the deciding threshold for major trend reversals. A cross upward in August 2013 signaled the beginning of the late 2013 bubble. A cross downward in February 2014 marked a denial of continuation in the uptrend, confirming the 2014-2015 bear market. A cross upward in June 2015 signaled a the end...
There was enough Long period for this cryptocurrency fqter the hard fork/ Now its time for correction and a little Short move& After that we can try to break 14$-15$..
Its been a rollercoaster ride for Ethereum. At one point it was hailed as the next big thing, the world computer that would solve problems real and imagined then came the DAO hack and then came the dumps. Hard fork after hard fork has damaged the credibility of Ethereum as a reliable and immutable blockchain. It is likely that it will need to come down a lot more...
Just in case everyone forgot, here is a chart showing the results of the last hard fork. Not counting the rally the day before, ETH/BTC was up 30%. I think we at least go to .022 but now would be our chance to break through the all time retracement of .382. If we were to rise another 30% that would put us at .025
Eth/btc slowly down on low volume in the next two month, because much eth is in prison of the DAO and it will not move until we get a hard fork soon.