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BTCCNY

Bitcoin Price Analysis 10/15/17BTC has once again tested the top of its upward channel. As history tends to repeat itself, one must think we will see some sort of retracement at this level. However, during BTC's bull run in August, the bulls were actually able to push through the upward channel momentarily. This caused us to form the extended channel that we are now in. Meaning it is quite possible we will do this again, possibly taking us up to the 1.618 level and beyond. Key factors for this is the current market sentiment. Bitcoin has officially gone mainstream, leading us to a whole new range of investors. Therefore the demand for bitcoin has skyrocketed, and we all know the effect of that. Not only are there new investors, but Bitcoin will once again be forking this month. Therefore many people are swapping their alts for BTC to get those free coins once again. However, we must keep in mind that we are currently testing the upward channel which just happens to mark the completion of a possible ABCD pattern. If this pattern holds true, we will likely see a larger retracement. If so, I would watch out for upward continuations at the gold fib levels show above. This chart is nothing other than an update of my previous chart posted on Aug 31, 2017. DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
BITSTAMP:BTCUSD
by oh92
7
BTC Rising wedge inside an upward trend channelWe are looking at all indicators capped out here (stoch rsi and macd) so i think we are due for a retrace , yet we are still bullish so btc should break out the rising wedge then continue to progress in an upward channel just have your eyes peeled for bitcoin community and whales looking push the breakout of the rising wedge upward past 6k i dont think it will happen but its a confusing crypto world at the moment. Ultimately my opinion is long for bitcoin because in the long term - long is the real and only answer
BITFINEX:BTCUSDLong
by CryptoGecko4
Masternodes Confirmed Stratis MasterNodes confirmed to be released and collecting fees in the next few weeks via interview with C.E.O. Chris Trew. Masternodes will provide anonymous transactions for Bitcoin in a decentralized, scalable, and trustless manner, while also rewarding Stratis Masternode holders between a 1-3% transaction fee for all Bitcoins tumbled. As of today there are no production level wallets that have Tumblebit integrated in a one click, user-friendly manner and seeing that Dash Masternodes are making around $2,000 a month with around 4,500 Dash Masternodes running, I think Stratis has a chance to bring in over $250,000/month in Bitcoin transaction fees. The Stratis Masternode needs 250,000 STRAT (decreasing circulating supply) and a minimum of 5 Bitcoin locked up so the requirements to own a Masternode are high, but Bitcoin moves over $10 billion every 24 hours and no other wallet currently provides near-instant anonymous transactions for Bitcoin. Stratis Masternode holders will expect to collect between $250,000-$500,000/month in BTC fees and I see the price per STRAT increasing exponentially in the next couple of weeks as big investors begin understanding the potential of passive Bitcoin income. Cheers! stratisplatform.com youtu.be
SLong
by youknowram
Responding to bitcoin bulls. Everyone believes in reversal? everyone believes in reversal? (/"consolidation /"echo ) More exponential moves are unlikely and bad/wrong. Continuing the trend until 2018 would be impressive but also unlikely. Yes social networks can grow exponentially but not this fast and then it would not reverse much at all. investors already pay the price they expect in the future (several times more than the price it would have today without considering the future.) Bitcoin usage per day : blockchain.info (=daily active users counting both, senders and receivers. Almost double the amount of transactions)
BITSTAMP:BTCUSDShort
by fineregex
5
Litecoin LTC is headed back to $60 USD with Bitcoin Gold ForkLitecoin is looking bullish to reach past $60 mark again when the market spiked ($62) after the crash to $36 with the closure of the Chinese exchanges. Bitcoin is stabilizing above $4000 USD with the upcoming friendly fork of Bitcoin Gold so Litecoin is looking to hold above $50. Look to swing trade between $52 and $56. First wave of Chinese exchanges are closing this weekend so I am looking to increase my positions. BTCCNY only accounts for 2% of trading volume now so I am not expecting for it to drop below $50, but I am prepared to increase my long term position if it does. Market looks bullish for steady climb with good price action. I have purchased Litecoins below $46 before the pump to $98 and have sold all of it during at $60 and $72 resistance levels. I have been scalping trading it as it was coming down and made gains on it by buying at $65 and selling at $78 ($82 was resistance level before crash). I got stuck with some positions purchased at $60, but been steadily picking up around $50 and double downed at $46 - $48 for long term hold. I sold the LTC purchased at $60 and $50 range at $52 before it dropped below $46. I have now re-entered the Litecoin market to make some gains to increase my BTC position to get more of the free Bitcoin Gold. Sorry for not publishing this earlier as I had only uploaded to Twitter.
COINBASE:LTCUSDShort
by FleurdelisFX
Breakout or Fake Out? As many of you already know that BTCUSD has broken out of it's short term trendline. Generally this is an amazing signal for reversal, however, I am not convinced yet. False breakouts are one of the oldest tricks in the books. Market Makers use these to trick small fish into creating impulse positions, driving the price up or down and the volume up. The Market Makers, aka Whales, use this volume to their advantage, eventually driving the price in the opposite direction. My reasoning: Directly above the broken trendline is the .5 fib level which we are currently struggling to break through. This level, along with the .618 are very common areas to bounce off of to continue the current trend. Breaking past the .786 would be a very bullish move for BTC and is something that is still very possible. Not only are their major fib levels to watch out for, it appears that we are currently completing the 5th impulse wave. Meaning downward movement is likely to follow. Generally, based on BTC's history, the 5th wave is often the largest impulse wave; which means there is still a chance for BTC move higher. So the golden V marked above (also the .618) is a potential place for BTC to continue its downward movement. IF you look at the RSI, that line is acting like a brick wall. BTC has failed to push through it on multiple occasions, and large downward movements have followed immediately Summary: I'm not here to crush all of your BTC dreams. There is still a solid chance BTC will push through all these levels and we could see an ATH in the future. However, based on my TA knowledge, I do not believe the odds are not in its favor. I am not posting this saying whether to go long or short. This is more of a caution for all traders. That this break is not a guaranteed moon. Market Makers are a real thing, and they have more skills and tricks that any of us could imagine. I wish you all the best of luck. DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
BITSTAMP:BTCUSDShort
by oh92
43