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BTG bitcoinGold unfolding - MIndMap - Timeline - notesbitcoinGold (@bitcoingold) | Twitter bitcoingold.org/category/development/ launch anouncement twitter.com/bitcoingold/status/929821862263222272 info from website bitcoingold.org/#features bitcoinGold decentralizes mining by adopting a PoW algorithm, Equihash, which cannot be run faster on the specialty equipment used for Bitcoin mining (ASICS miners.) This gives ordinary users a fair opportunity to mine with ubiquitous GPUs. Hard forking Bitcoin’s blockchain fairly and efficiently distributes a new digital asset immediately to people all over the world who have interest in cryptocoins. Other methods, such as creating coins with a new genesis block, concentrate ownership within a small group. To ensure the safety of the Bitcoin ecosystem, bitcoinGold has implemented full replay protection and unique wallet addresses, essential features that protect users and their coins from several kinds of accidents and malicious threats. bitcoinGold is a free open source software project that is built by volunteer developers and supported by a rapidly growing community of Bitcoin enthusiasts that stretches around the globe.
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by CheQuera
Ethereum - A Contender for the Crown, or Impending Ice Age?One of the fellows following me asked me about Ethereum, and in the process of answering his question, I started on the analysis and figured I'd just finish it and post it. Ethereum is a coin that I was really interested in when I first came back to crypto in July. As time has gone on and all of this bubble has played out, I have become increasingly bearish on it for the following reasons. Ethereum is a solid project and Vitalik is a very capable and respectable guy. That being said, the value of this token intrinsically is actually pretty small, as one can quite easily see that the reason Ether has scaled in value is from demand and hype from the ICO phase, along with the potential that Ether could possibly dethrone Bitcoin's first mover advantage. The ICO phase is now completely destroyed and will never return. The bag holders it has left behind will never return to crypto and never be able to recover their losses, and that's not even counting those who got ripped off amidst scams. It seems virtually none of the dApps that have come out are particularly groundbreaking or real-world usage to justify the enormous market cap they were once demanding. Arguably the best coin in ERC20 was OmiseGO, and that token is in brutal falling knife decline. Worse is, when it comes to the idea of "The Flippening", Ethereum has a fundamental problem in this upcoming challenge because Bitcoin Core (BCore)/Blockstream has planted the BGold fork with a Proof of Work change to GPU mining. This means that if the day comes where the Bitcoin Core blockchain loses hashpower to Bitcoin Cash or Segwit2x and BCore parachutes to BGold, Ethereum will eat nuclear pain via multiple red candles because it'll lose its GPU mining network to BGold as BGold pumps in profitability. Furthermore, think about it: What's the difference between Ethereum and Ethereum Classic? Ethereum Classic is ~$10 and Ethereum is $300. I realize the history of the fork and the differences between the two, but there is absolutely _not_ 2900% benefit to ETH over ETC, and so ETC pricing could be something that ETH returns to in the future. Looking at the technicals we're in an ascending triangle and Ether should be building pressure to retest the ATH line. Ideally, the ATH line should be flat, but we can see the last run towards $400+ was anemic even amidst bubble mania. Right now, on the 6H chart, we have a red kumo twist, it has broken the bull run trendline from $16, and both MAs of Willy21 and Stoch RSI show downward, collapsing momentum, and momentum just logged its first purple tick. (Edit: This has changed since I prepared this post last night). All this is great, but keep in mind, this pattern is not surprising for consolodation either, attracts a lot of short sellers, and can be squeezed very hard. With everyone throwing their hat in the ring for who can become "Bitcoin" in November, I'm sure Ether will make itself known. But right now, neither price actions nor fundamentals are looking particularly healthy for it. I wrote this last night and didn't publish it. In the mean time, Ethereum just had a nice spike and may be waking up for exactly the scenario above. A breakout above $325 would be indicative of a new run. However, for the size of breakout it is (small), it's extended the oscillators pretty far, so it may end up failing and breaking down quicker than it looks, and it may continue to break out upwards.
BITFINEX:ETHUSD
by RiversAndMountains
11
Bitcoin Cash - Bitcoin Spirit, $450 Body; Think Tiny BullImportant Reading for Anyone Interested in Bitcoin Cash: www.reddit.com A history of the Bitcoin community over the last few years and how this day came to be. It's absolutely worth your time to read all of it, all the links, and make up your mind as to where you want to stand at this stage of history. I will admit that my estimate in entry points was completely wiped out by tremendous bullish momentum. As of writing, South Korean volume was $557MM today for Bitcoin Cash, whereas Bitcoin Core was $266MM on HitBTC and $152MM on Bitfinex. If you think about the implications of this as the November fork drama approaches... The advice that I will give you to you on Bitcoin Cash is most simple: do not short Bitcoin Cash. Why? It is a tiny bull that has yet to grow into its full form. Think those little sponge animals that when you throw them into water, poof. Shorting Bitcoin Cash is a fantastic way to get a call from your good friend margin. The $500 mark is a big mark as it represents both a former point of resistance and the return above a historical downtrend line. If it breaks through that, next target is $549 previous resistance, which I would assume would be smashed through, and then after that $730. When to buy? Buy a dip. Make sure you have strong hands. It _will_ dip. It _will_ retrace. Just keep in mind when bull runs are very manic, they can go up in a straight line for a long time with very few retracements. This is the benefit of strong hands. Frankly, buying a breakout is fine too. Remember, in people's minds, and in reality, this is something that is very very much Bitcoin and is still selling for $400-$500 while Core is selling for $6,000. Once this hits a more feverish pitch, the fib uptrace lines are going to be smashed through as the blue (green) candles are straight lines. Segwit2X Futures have been moving on HitBTC at $1,000 today: coinmarketcap.com . Bitcoin Cash as it stands today is worth tremendously more than Segwit2x with what it has, where it came from, and the fact it has first-mover advantage against other forks. Think about it.
BLong
by RiversAndMountains
22
Bitcoin Cash - The Train is Leaving the Station; Entry PointsBitcoin Cash has broken the major historical downtrend line convincingly and has come to its first major resistance point, $400. It looks like we're forming a classic cup and handle pattern which is often characterized by some price discovery, taking profits, selling off, before breaking upwards, retesting resistance, and breaking out. All of this is pretty normal and a very healthy pattern. If you are looking to enter, sweet zones will be in the $367 and $345 range with next target being the 1.618 fib uptrace, which conveniently aligns with a prior resistance point. Charted entry is based on being able to get $340ish. Adjust appropriately if you enter in the $360s. Ideally on this you'd only want to stop out if it falls back through the major downtrend line convincingly. I think chances of that happening with the November drama coming is very slim since I believe Cash's major players and the large movers that have been accumulating will want Bitcoin Cash to be bullish so it can contend for the title, and in such a vastly oversold market, they're definitely in control. Enter: ~$340 Stop: $295 Target: $460 Risk-to-Reward: 2.54
BLong
by RiversAndMountains
21
Bitcoin - Maybe This Time, Don't Buy the DipThe Bitcoin Core chain stands at the end of time. Why does it stand at the end of time? There is a lot of politics around this issue, and I don't care to argue about them. You do your own research. Where you put your money is your business. In the end, whether Core remains the champion, or Core dies as Bitcoin Cash or Segwit2x become the incumbent, where you put your money is your business. I recommend both hedging and investing in Bitcoin Cash. You can say what you want about that recommendation. Posterity will evidence the truth, and if you miss the train, well, it's up to each person to discern the truth in this muddy world where pearls and fish eyes are mixed together. A lot of the smarter money than I am has been telling me lately that the longer term charts are what matters the most. In the range of 6H-12H-1D. I do tend to cycle between time frames, as a chart is a giant living fractal, but there's some interesting things to see on the macro term. The white lines on the graph are all major trend lines drawn from the 1D chart. Where we are right now is in an ever-weakening ascending wedge in the long term, and our short term channel is also an ascending wedge. These patterns do not bounce indefinitely and will either break down or break up. The previous two channels followed a similar path before breaking down, dropping below the cloud, bouncing, and regaining momentum for a new ATH. Right now for where we stand, for the pattern to complete, in terms of time we would be looking at a big dump coming in the range of immediately to early November before bouncing. And then when it bounces it would be projected to bounce somewhere in the range of $7500. In the middle of November. Amidst all the hard fork drama. That time line neither makes sense with the fork nor does it fit the trajectory from the other ATHs. Also, when you look at the longer-term graph, the size of this final ATH wave was really quite aenemic compared to the size of the waves in the previous two, although the volume was much higher. Patterns fail and break down. So what to do if Bitcoin Core, after a year of parabolic 1000% growth, actually collapses through its trendlines and enters a long term bear market? Think about all of the alts you've been bag holding for the last 2.5 months, how the volume is low, nothing is ever happening, there are never any gains, you're only catching falling knives, it's only getting sold off, and every rally gets nuked immediately. If you have traded alts in the last 3 months, you have been enduring the future Bitcoin bear market. There are no bullish indicators on the 12 hour chart to be seen, and in fact squeeze momentum has finally logged a negative blip. The purple moving average line of Willy is descending, not ascending, and stoch is on the floor, which is a pattern consistent with the previous two breakdowns as well. There is a very high chance that the Bitcoin Gold scamcoin was planted as the proof of work parachute for Core to switch to if Core does indeed lose hashpower to Bitcoin Cash or S2x. You can see something is up because Bitfinex, a place that is religiously on the same side of the river on every issue as Core, still has Bitcoin Cash labelled as "BCash", but somehow gave BGold its full name. I had felt the entire time we had repumped up here that Bitcoin price movement was a bump and run and an exit strategy and something were amiss. And because of that, there is actually a major chance we get repumped in November as Core's faction attempts to make the Core chain establish dominance and prepares their final move. But that being said, this time there are major risks it crashes through the pattern and enters a very perilous freefall. The future of cryptocurrency is bright. However, Bitcoin Core is very unlikely to retain its first mover advantage. Bitcoin itself will. Right now it's somewhat mis-labelled as "Bitcoin Cash", but time heals all wounds.
BITMEX:BTCUSD.PShort
by RiversAndMountains
Bitcoin Cash is the Greatest Bear Trap of All TimeI won't give much preamble about Bitcoin Cash. You can make your own decision about which side to stand on with the information that is available to you. That being said, as a trader, you should pay attention to price action first, fundamentals second, and politics and rumors literally not even at all. The reality is, Bitcoin Gold is a scam: twitter.com The reality is, right now, Segwit 2x is not in much better of a situation regarding their fork being adopted by exchanges. The reality is, Bitcoin Cash has been a functional hardfork backed, sustained, and supported by some of the biggest players in crypto. Bitcoin Cash is also going to be hard forking a la' Ethereum Byzantine/Metropolis on November 13 for a code update to fix the Emergency Difficulty Adjustment: www.reddit.com Fundamentals: check Bitcoin Cash is in a giant symmetrical triangle after its pump to $850+ in August and its slow slide down ever since. That being said, we have a beautiful formation with bullish consolidation towards the squeeze point as shown by OBV and Willy21. Also of note is WWV evidences that we've had extended periods of distribution, with some of the most violent distribution volume being after the October 17 dump. The October 17 pump was also the second largest accumulation since the August pump, yet, price remains healthy and has stayed with the trendline rather than breaking down like IOTA. The first projection from a non-manic pump-high in the triangle produces a target that conveniently lines up with the 0.786 fib almost perfectly. Price action: check Politics: who cares when you can double your money on the first leg up and you're dealing with something that has a known price-ceiling of $6,200+? If price breaks out to $360-400 and holds, expect one of the most amazing events in history to occur. If I am right about what is about to happen, Bitcoin Cash will vortex in a tremendous amount of new users to crypto. Bitcoin Cash will resurrect what the Bitcoin community was in earlier, less bubble-collapsed time periods. Bitcoin Cash is the biggest bear trap of all time. What you think can happen and what is actually happening are two completely different things.
BLong
by RiversAndMountains
5
Retrace to 55 day EMA is imminent, take some profitsHere were looking at the macro 2017 bitcoin trend on a 3D chart...What a year!! Definitely getting close to the euphoria phase, and with Bitcoin Gold fork upon us there is a possibility for a dump as most retail investors will be out of touch with the hard fork news (aka new money with weak hands). For 2016 we've seen ~2 month rallies before retracements on this crazy parabolic trend, and as traders we can't get caught up in the psychology of the market as the prices are at this level. Since 6k hit I've had more co-workers and friends asking about BTC, more news, "digital currency" IRA commercials etc and that to me is a sign of "new paradigm!!!" = I'm happy taking some profits at this level (key word "some"), I want to keep a healthy amount of BTC to buy into altcoin uptrends. Next move is to set buy orders to BTFD and buy a steak before our next leg up to 7k and beyond.
by LincolnDevine
1