In this screencast:
1. I explore what Bitcoin and blockchain are - and what they are not.
2. I explain the similarities of blockchain to what banks do.
3. I show where there may be opportunity for a controlled loss*.
* Those who follow me will have seen that I refer to controlled losses quite a lot because that is ultimately what trading is about. Overall,...
Personally, I believe Bitcoin is following the ABCD pattern shown below. At the second bull run, the price peaked perfectly at the 61.8% fib level and almost immediately bounced off,
Both this and the fact that the price has followed the C-->D line has led me to believe that the price is following a hybrid ABCD pattern and the D point will bounce off the 71.8%...
Having called the bottom exactly in my previous video, its time for an update as to where we are likely heading next.
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Happy Halloween!
Here we have a long opportunity for Ravencoin assuming 310 sat level was bottom. We may see a retest of the 310-320 sat zone, however as of right now the 1D chart is creating higher lows and MACD is looking bullish. This could potentially be the final wave of RVN before another serious correction, which I am assuming will happen as BTC starts to approach $20,000+....
Based on recent price action and a clearer parabolic picture, I've revised my estimate upwards from $30,000 in two years to $50,000 in two years. Nothing in this post is a prediction.
Traders should be very very very careful with this instrument. High volatility is...
Two orders can be placed with this analysis.
- Consolidation forming within the descending triangle . Price can only be doing 1 of two things, consolidating or expanding. So after this expansion follows consolidation.
- BTC gaining momentum (just blew 10,000), cryptos generally move in the direction of BTC due to its vast market share.
- Weekly Market...
I developed an indicator, the Saracino Bitcoin Momentum Index (SBMX). On the monthly chart it has been a reliable indicator of a bottom in the past bear markets and right now it is giving a bottom signal for 2018/2019 bear market.
I officially call the bottom.
Big play on Uranium. This company owns massive Uranium and Cobalt deposits (Cobalt is needed for electrical car batteries)
Company just got funded for another 18 months, which I think is long enough before the coming Cobalt/Uranium boom (at least one of them if not both)
50-1000x play here.
Looks to me like we're heading up to meet the trend-line, before back to testing support at 5800-6000 before breaking trend-line and flying back to 20k and beyond around xmas. Ring any bells?
Price has been accumulating in a range for the next leg up for new ath
we saw a fake out under 400sats
Looking to buy at 550sats area
strong support at 600sat, would like or it to turn to resistance
first target 20000sats
270% gain
BTG has been crashing continually through out the whole bear market, you can consider this as a "dead" coin. When it's dead it's usually the time to load up on this shitcoin. Looks like a smaller scale alt season is coming up, so I'm preparing myself to load up on some BTG.
Entry - @ 0.0055 ~ 0.006
Target - @ 0.012
Stop - 10%
I'm betting on this to be the bottom,...
This is my prediction.
I take the more down in 2013 171 et the hight 19891 => 19891 = 116 x 6000 = 696000
And laps time between 25/11/2013 and 12/2017 = 4 years
:)
With the bearish flag forming and holding as a strong support, bouncing many times. I personally believe that a strong downward movement is imminent as it cannot continue to hold. Each time it attempts to uptrend the 55 ema (yellow line) acts as a strong resistance. The RSI is forming a symmetrical triangle which is also a sign a large movement in price could...
A bearish flag has formed and held as a hard support, however, I believe eventually it will break and reach the targets I've set. Using Fibonacci to calculate the targets.
I'm using GBP as it's my currency but the targets can just be converted :)
PEACE, LOVE & CRYPTO
Bearish short term but could be the end of the correction soon after 1 more wave down to complete the ABC correction.
New to the crypto game so helpful advice wouldn't go amiss
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![RVNBTC: RVN/BTC LONG ALT SZN [726% PP]](https://s3.tradingview.com/k/KSyJEs2C_mid.png "RVN/BTC LONG ALT SZN [726% PP]")
