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Excavo

BTCUSDBTCUSD moving in flat 6000-6700 area already one week. I saw a small yellow up trend channel but this channel is just figure of trend continu. We have resistance level at 6850 and next 7170. And if we test the upper level of resistance, we will form an rising wedge - also reversal pattern and figure of trend continue. Most altcoins from the top-100 show a negative, but not very significant dynamics. The amplitude of market capitalization movement the last few days is small, there are no significant movements. Market Cap: $208 816 106 901 . The BTC dominance index is 53%.
BITFINEX:BTCUSDShort
by EXCAVO
50
Logistic curveIf you do not trade, it's time to learn All about logistic curve The logistic curve describes the speed of information dissemination among people. This graph describes the distribution of information in an environment. At first, a instrument is of little interest to anyone, investors are afraid of buying it, and its price fluctuates around r °. At this time, the initiated ("elite"), solely owning important information, begin to buy it, the price slightly grows. Then the information is shared with a small circle of insiders, individual purchases grow into active buying, the price of the instrument abruptly takes off. The general public is perplexed and can not understand what is the reason. At the third stage, news comes out and investors fearing not to have time to "jump into the last car" buy up this tool that the "elite" and "proxies" are happy to sell to them at the maximum price (with joy, because at that time the "elite" there is already new information that the "elite" has taken into account, a new logistic curve in another instrument begins, or in the same, but with another sign, sales begin). The third stage is completed, when the whole society is aware of what happened, discuss everywhere, in the metro, all who could have already made There is no one to sell. Practice of application: the most important is to determine at what stage the price for the asset is now at which you paid attention and in relation to which you received some information. You can recognize and apply the Elliott waves. The main thing is not to get into the crowd number at stage 3. If in all financial newspapers, on news sites, on TV there is a discussion of news / ideas - in fact, it is no longer news, this crowd of investors are bred, and this idea should not be used as its defining action (unless with another sign, directly opposite). Examples in life and the stock market abound. On the classics the same was done with bitcoin last year People do not change over time. Information and actions of the consonant received information people do the same actions. The only thing that changes is the slope of the logistic curve - information dissemination rate As a rule, 90% of bulls in high. And then the market unfolds and vice versa If you are constantly being told the same thing, then everybody knows it already. It is necessary to look not at the news If everyone around you screams the same thing, then you are in the upper zone The task of stepping back from the noise The main task is to be in the lower green zone. "When there's blood on the streets, buy property"
BITSTAMP:BTCUSDEducation
by EXCAVO
96
BITCOINBTCUSD Touched resistance line of triangle and did not break this line. Now we going to the support line of triangle. The triangle is not a definite figure and the break out can be in either direction up or down. In candle analysis I see Bearish Engulfing . Stochastic RSI - overbought Some reasoning This upward movement that occurred over the last month was associated with HYPE with ETF . Consideration moved to September. While BTC did move up, all the altcoins are relatively bitcoin fall. The Alts will continue to update the lows, relatively BTC but relatively dollar, they did not drop heavily in the price. Why do I think that bitcoin will go even lower? At the market new big players must come in. They play in long, and for them is the most important thing is entry point to the market. They will buy any crypto for dollars. To make even more lower price of alts in the dollar, bitcoin should fall further for purchase of alts at the bottom. On this I think we are still waiting for the continuation of this downward movement.
BITFINEX:BTCUSDShort
by EXCAVO
78