$1000 BITCOIN LONG TERM!?It has been my opinion since the beginning of this "Bullrun" that Bitcoin is way too overpriced. We had a FOMO induced rally the bulls went literally insane if you ever questioned the possibility of price going lower lol (it was funny) Hopefully now that reality has set in we can all get real and discuss (In a serious manner) the future price of BTC and I'm not seeing a 20 k BTC anytime soon, but I am seeing a $1000 ish BTC. Either way, I'm stacking up and trading this mother up and down...
Goodluck traders only the strong will survive what's coming.
Bullmarket2019crypto
$2380 Before 20k!!! I have been calling this a fake "bullrun" since back in May if you don't believe me go look at my first post. As a person who looks at market cycles every single day, I can tell you that this is the most probable outcome for Bitcoin...
If you want more unbiased Macro predictions make sure you follow me and ignore the YouTubers that have been lying to you for clicks.
Solve officially in bullmarket, needs volume badlyHello guys,
Solve has been trading range bound for a while now, but the indicators and moving averages are very bullisch. Solve is trading above the 50 day Ma and has had a golden cross between the 50 and 100 day MA.
It is only lacking volume, there seems to be no interest at all anymore in Solve, or is this the calm before the storm? Development team is still busy as always, so one big positive announcement could turn the table on the price movement. And with de slim order books and low volume, the price movement can be huge.
Let’s see if the interest comes back and we can get some huge gains again.
Trade safe!
Litecoin Exponential Moves INC????!Good evening ladies and gents, let me sum this up for you ;)
1. Hidden Bullish Divergence on the Weekly MACD (Price Continuation)
2. Bullish Convergence on the Weekly RSI (Price Continuation)
3. Rounding out Price Action
4. MacD Divergence Waning out
5. Potential Bottom of a up trend (Previous Market Cycle even tested it as support before running inside to complete the Bearish Market Cycle)
6. At CRITICAL AREAS OF SUPPORT
Everyone running away and dropping their assets because the "Price Action is too boring", "We're going to 0", "The Market is dead". Good luck ladies and gents, I gave your my 2 cents, I gave you my technicals, I don't know what else I could provide to depict my bullish case scenario here. ;) Everyone dropping their assets out of impatience and the lack of education on how a market works. I am sitting here getting pumped up. 2020 baby, lets gooo!
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Long Term Bitcoin Elliott Waves.This chart shows how the bearish and bullish estimate is being build and get stronger by masses, as price goes higher, more people become bullish and vice versa.
I believe we are still under a bear market effect currently, where over 50% of people engaged in crypto are bearish, I believe majority of people will switch bullish in 2020 after the halving and after surpassing the previous all time high.
In my opinion we are currently on the first wave of Elliott waves dominant trend, I have marked a five wave pattern inside this elliottwave1 and the ABC forming on the second corrective wave elliottwave2.
LONG BTCUSD & ALTSEASON INBOUNDLooks like we did hit my buy box after all. All of these manipulations is making me more and more bullish as the days go by. Its time to go balls to the wall at this time with ALTUSD for massive gains over the next month. For the first time in 2 years we are finally seeing BTC go bullish and BTCDOM show bearishness which means ALTSEASON. Its time folks. Im sticking by that.
God Speed,
Mr. Manbearpig
Bitcoin 5x Bottom's in Trade I'm taking a 5x long on Bitcoin here. Market sentiment is pretty bearish at the moment. Many traders on twitter and telegram are thinking 6k. Of course anything can happen, but I'm thinking we will hold the weekly 100ma @7765. We can see a sequence of HL and HH has been established.
Also Bitcoin has never closed below the 2day 241ma @6613.
A close below this level would mean doom in my opinion. But being 6 months away from the halving, the hashrate at an all-time high, and sitting on top of the weekly 100ma which is confluent with the previous resistance of early May of this year, I feel we are going up from here.
A Different Perspective (Line Break Double Tops)I'm not very popular on Tradingview yet, but I was one of the first ones to call this a FOMO induced dead cat bounce. I also called the drop to 7900. As a full time trader it's my job to find the most probable outcome without being biased to the up or downside. If we look at the Line break chart we can see that we rallied up like the last bull market into a double top then a massive drop blow off top. I do think we it's possible we bounce from here but not probable I believe that we're headed down to the 6500 range for starters, then who knows I see market cycles like this all the time in stocks and forex. emotions are a money killer guys don't be fooled by your favorite youtube channels feeding you hopium... ANYTHING can happen, expect the worst and hope for the best there is no guarantee that BTC will hit a million dollars or even 20 k ever again I hope it does and we all get rich remember I own BTC too I want lambos and private jets but unless your ready to play both sides you'll end up with a Pontiac flying coach.
I hope this reaches the ones who need to read it, and if u like this please give it a thumbs up and follow me for more...
Bitcoin - Bakkt FLOPS & Hash Rate Crash - Part 4Bitcoin Breaks Down
After weeks of indecision and what appeared to be a strong argument for $10K $BTC, bear pressure finally broke through the lines and took Bitcoin down hard. The carnage on the charts wasn’t limited to $BTC, however, as all the majors ($ETH, $XRP, $EOS, $XLM) took hits in the double-digits. The surprising and impossible to predict turn of events led to the crypto market looking more like a smoldering crater than an asset class with a bright future. Currently, $BTC is trading hands a shade over $8.1k while a select few majors, like $XRP and $ETH, appear poised to recover some of their losses.
Bitcoin shed nearly $2,000 in value before the market had time to blink, leading market observers to seek answers.A flash crash of this magnitude hasn’t been seen in months. Given the relative stability of crypto’s leading digital asset across recent weeks, suspecting the involvement of concomitant factors is certainly warranted. While this week’s losses appear insufferable, they’re only the third-worst of the year. What we’re implying here is that on two other occasions in 2019, Bitcoin has taken a massive beating and recovered.
Let’s take a look at what contributed to the market wreck this week.
Bakkt FLOPS
"Buy the Rumor, Sell the Fact!"
There are a million ways to spin the Bakkt debut, but here is the reality. Bakkt flopped. Perhaps belly-flopped is more accurate here. What was a hotly anticipated date – Bakkt’s physically settled BTC futures debut – turned into a dud. It was kind of like finally lighting your favorite firework, watching the flame move down the fuse with indescribable excitement, then feeling speechless disappointment when the firework fails to go off. In its first 24-hours, Bakkt settled a mere 78 BTC futures which, ironically, settled October 2019 futures at below $10K. The immediate market takeaway from the hollow debut wasn’t too difficult to guess – big financial institutions aren’t all that interest in BTC.
Or are they?
We’re more inclined to think that the situation is a more simple than it seems. Institutions who are ready in the here and now to buy BTC can already do so using OTC exchanges. At this early stage in the crypto game, an institution willing to buy now is already adventurous and probably doesn’t need the Bakkt onramp. We’re not saying Bakkt is pointless, though. What the flop debut reveals is that even though mainstream institutions aren’t breaking down Bakkt’s door yet, they might do so down the line when BTC adoption and consciousness finds real legs.
As a piece of infrastructure, Bakkt is incredibly important for crypto. The only thing is, it might be slightly ahead of its time.
BTC Hash Rate Crash
This is a quickly developing story that is still sans deep details, but here’s what we know!
On September 23, the Bitcoin network hash rate plummeted 40% in what was one of the largest intraday hash rate drops in network history. The reasons behind the strange crash are still shrouded in mystery. A high hash rate means miner competition to validate blocks is healthy, which in turn makes the network more competitive and, thus, secure. An increasing hash rate is viewed as bullish, while the opposite is viewed as, well, bearish. Some have speculated that the hash rate crash was caused by a firmware upgrade to account for the network’s incoming difficulty increase. Jeff Brandt, a user posting to CoinTelegraph’s comments section, described his view of the situation:
“The explanation is simple. The next diff increase in 2 days will push previous gen S9’s (roughly 50% of the network) below profitability.
Last week an unrestricted firmware for S9’s was posted and every large farm operator is working at a feverish pace to get approximately 3 million machines updated. The new firmware has optimizations that squeeze the very last bit of efficiency out of the S9 lowering the watts/thash-sec from 96W to ~80W. Some machines can perform with no degradation to speed, while older machines must drop performance by ~30% to achieve the same results.”
The Takeaway
Three significant factors colluded to cloud the cryptocurrency market with a gloomy outlook.
VanEck SolidX’s ETF withdrawal, a sudden hash rate crash, and Bakkt’s weak debut happened in nearly perfect unison, giving a sideways BTC the motives needed to break down.
At this point, we’re watching and waiting for the carnage to slow.
Technical analysis
Another possibility is that we witnessed the conclusion of wave C in an ABCDE sequence. Meaning that 2 other ABC's will follow (and frustrate a lot of people)
I wouldn't be surprised to see this happening in a falling wedge or something similar.
Well keep you updated as this timely issue evolves.
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Interesting Comparison of 2017 and nowThe accelerated growth speed, seems to be very similar.
In 2017 it took more than e ayear to fully develop, but this time the fractal seems to be shorter in time.
What could that entail for the near future?
For one thing I can be sure, the volatility is not stopping soon.
Personaly i believe that tthis factal will end soon, time wise but not nessesarilly price wise.