Considering the current struggle nonew money flowing into crypt0I am expecting bitcoin to fall to 4,000$ range!
Just cause there has been no new money flowing in! people are just playing around with longs and shorts! nothing else is driving the price of bitcoin at the moment!
Just cause of the previous data! it might not happen today but in 1-4 days!
This is just data based prediction nothing more!
Bitstampbtcusd
sell at 4200 swing target 3000$-=1200pips SL 4700i short the Bitcoin for this reason
South Korea bans all forms of initial coin offering in the country, just today
China do it Already
so if some country like that were have the most bitcoin activity startto ban it.
i think fear will coming that other country will may ban too...
BIG TRADE 1200 PIPS
TARGET = 4000$
STOP LOSS =4750
RR= 1/2.5
Possible path for BTC in next year CHAPTER IIIThe Cycle wave IV has stopped at $1830, with the Fib retracement only 38.2% of Cycle wave III, and it's speed up by the news of Segwit2x, for now, I believe we are moving up for the Cycle wave V.
According to the rate between each drop and rise: 8.618==>5.618==>2.786(which should be 3.618 if following Fibonacci sequence)==>2.618, I think the rate between wave IV and V will be reduced to 1.618~2.
Then we can calculate the possible top for the Cycle wave V, and that, gentlemen, it's the end of this long wild journey. For what coming next I believe that would be the first time: The Cycle wave ABC, and I think it will last till next BTC half:2020.
So, Cherish The Day, and Good luck.
Bitcoin Weekchart - 2017 (The Bubble will Pop)Updates will follow on this chart. I have a very strong feeling our 2013 pattern will repeat, with the main reason that the ICO mania is over and that this cash will flow out of the coinmarketcap again. Month chart and week-chart are still topped, once the weekly macd starts to turn bearish we will see a large corrective phase.
A tough road, for the way up, before SW2X.As you can see the downward trend is getting slowly with the support of the purple track between Fib 50%~61.8%, aslo the technical indicator is showing the bear is out of it's power, so, if we can got a big green candle with large volume, that would be a perfect signal for trend reversal, and I will see if I can find some good chance for long.
The small flags is showing the important resistance during way up, some of them is from the MA, Fib level or early support. So, let's wait and see.
Good Luck.
BTCUSD : Fractal Pattern has begening (Bullish Market)www.cryptocoinsnews.com
BTU negatives have proven to be a scam to extort your BTC
They have already agreed Segwit internally and have begun to absorb BTC in advance.
Now fractal wave 1 is in progress with media attention.
Wave 1 target is 5000 USD
Then, too high a price can bring in Panic sell with light selling pressure.
It will run until Fib0.236 (2068 USD)
When the time to shake ants (weak hand) is over
Finally, Big wave 2 comes in the first half of 2018
Wave 2 Target is 10000 USD.
Some one is moving before the marketThe blue line is price trend of futures on BTC(OKCOIN:BTCUSD3M), the candle is the price difference between futures and spot(OKCOIN:BTCUSD3M*USDCNY-OKCOIN:BTCCNY), as you can see, some guy is buying BTC on spot market and open short position on futures market since May/10th, and this big guy has do it with serious for 3 days, I think this motherfxxker definitely knows some secret news.
The only thing I'm not sure is, whether this guy is just hedging the BTC he owned, or he wants to short to the hell.
Time to finish the right shoulderWell, with a nice rebound of BTC, now we can start to wait for a good chance for short.
And always be careful to open the first position!
Possible path for BTC in next few weeksThe future of BTC depends on the height of rebound when the short 5th wave is finished.
If it stops at 7600, we will have Head&Shoulder structure, then we can say, see you below 5000.
If it's more stronger, touch 8000 at the up track, that would be another story.
Good luck.