Well, that was interesting. And unexpected. 1. Segwit fork cancelled That crazy segwit fork that no one really wanted anymore? Got cancelled just now. All the people that accumulated bitcoin in anticipation of the fork (like, getting out of alt-coins), well, no fork = no need to hold BTC for the fork. 2. BTC reached new ATH Right at about the same time...
Did the Canceling of Segwit2 just provoked correction waves ? Stochastic looks overbought Will the original trend pursuit or will trend go back in the channel? What do you think?
BTC head and shoulders formation. Signaling trend reversal. The moment is coming. As I stated in previous analysis in my view BTC will not full correct until we get through Segwit2x, the chart is playing nicely into this timing of Nov 15-16 start of correction. A week seems a long way away now though. Perhaps BTC slips sideways range bound until then or makes...
With the upcoming SegWit2x hard fork and the uncertainty relating replay protection there is good reason for profit taking, the top has been formed: textbook reversal doji with a red 9
As I had already mentioned in my DASH analysis BTC community is really uncomfortable right now with all this 2X disturbance and it looks like we can expect some capital flow from Bitcoin to alts in nearest future. I personally consider LTC as the most conservative, stable and reliable altcoin. This is why I expect new rise of Litecoin around November 16...
BTC community is really uncomfortable right now with all this 2X disturbance and it looks like we can expect some capital flow from Bitcoin to alts in nearest future. November 16 is expected hard fork point and it looks like new wave of DASH rise can be expected near this date. P.S. Me myself redistributed 40% of my BTC to LTC, ETH, DASH and XRP. If you have any...
BITCOIN moving in downtrend channel. I See there Double Bottom Pattern
I have Elliot Wave 5 Extensions on chart, as well as Elliot Channel. Segwit2x will occur somewhere in yellow area. Let's watch. Reply and let me know where you think price will go!
I think the ability to be self critical about our opinions and viewpoints is key to making our decisions in trading and life better. As many TA's out there are saying I agree this market should be apexing, from all TA reasoning its over bought and is overdue a massive correction. I said I think we are peaking at 7,200 and that 7k wouldn't hold in a previous...
As you know, I do not short Bitcoin often. I wait for an opportunity for a re-entry and always make long positions. According to my analysis, bull trend is over and price will drop. You can either short BTC, or wait for a re-entry position for long. Tom Demark count gave a green 9 on the daily chart. This means bull trend is over. I expect up to 9 days of down...
Who knows what will happen to BTC come November 17th. What we do know is by November 13th Bitcoin Cash will fork to adjust its hash rate difficulty algorithm. "The original Bitcoin Cash “EDA” allowed Bitcoin Cash to survive as a minority chain but produces wild fluctuations of hashrate. This is problematic because it prevents consistently fast confirmations for...
I know it's a little cluttered, but there you go. This is assuming the fork happens around the 10th. Let me know where you think I can do better
RSI showing L oversold territory on the weekly chart. The longer the chart, the more reliable the data. Is segwit2x (ending Nov 16) bullish for LTC? If trend continues, current prices are a bargain. Recommending a small allocation of portfolio (for the long-term).
The price reached the price of the ascending price channel . This zone could stop and reverse the market and we saw downward movement from 6500.00 to 5800.00 level. If the price breaks the resistance level , it will be a new buy signal, we should expect upward movement to the zone between 6800.00 support level .
BTCUSD is currently at it's all time high. We may be looking at correction down to $5900 area within next days. We do expect BTC to continue moving in uptrend tunnel after the correction until Segwit2x . #SmartInvestmentTeam #SIT
This is Just my personal speculating...Segwit2x for Bitcoin.... Possible targets for the future using the Elliott Wave and Fibonacci retracement. This is not trading advice.This is my own personal charting for fun.