BCH TK Cross on the 4HRBCH has made a nice TK cross on the 4HR. Looking for a nice breakout of the Kumo cloud before heading for new highs.
Gdax
BTCUSD bull trap, predicted resumption of downtrend at 16000The current price reversal is in my opinion premature, and the massively overbought market is in need of a real correction. 16000 seems to be a likely point where the current minor upwards movement will stop, based on prior reversal zones, and also the downtrend line. Corresponding to this, there is at the moment a sell wall at gdax at 16000. So far, a further downward movement down to around 11000 seems to be the most likely scenario.
Does it even matter which coin you choose?This is a 15-min side-by-side comparison of the 4 coins in GDAX market. Notice how they all move in tandem. Makes me think that it literally doesn't matter which coin you invest in. They all have the same percentage gains/declines.
- The entirety of the "value" of each coin has been lost on the market.
- It doesn't matter what is "special" about each coin. Speed of transactions, transaction fees, etc. It all goes out the window.
- Crypto has become simply a numbers game, and it doesn't matter which horse you bet on.
Updated Coinbase correlation chart with BCH addedJust a simple line chart comparing all four assets.
GDAX trading BCH but buying on coinbase disabledSeems a bit fishy that GDAX has trading on BCH but attempts to buy instantly through coinbase are disabled. So GDAX and coinbase are the same exchange or not really?
Back to all time highs for Bitcoin/BTC after market over-reactsReversion back to all time highs expected in Bitcoin.
Massive market over-reaction on the release of Bitcoin Cash on Coinbase / GDAX.
Buying opportunity for bulls. (I do not think this is a market you want to be a bear in, but that's just me.)
Short term goal: $18000
Mid term goal: $20,000 break out
Long term goal: $25,000+
Head and Shoulders forming for the short term - Gdax: BTCUSDMeasured target: 14682 USD - Looks like a relevant resistance level. It might not go this low since people have been very anxious to buy the dip this entire rally but its plausible.
Wait on trendline break at 16400 USD for entry.
The volume for this pattern is there but missing here on this chart because well not willing to pay for tradingview pro access, sorry guys just not worth it at the current price.
LTC intraday flag 15minuteBeen trading this last week or so. has amazing momo. took some long in the a.m in the 160s and sold at resistance. we are flagging on the 15minute chart for a break over 240 now. This is just a scalp type of trade as we are getting a tad extended now.
ETH with a tiny TK cross on the 4hrPicked up some Ether on the tiny TK cross. It still needs to work its way above the cloud. I took the trade with anticipation of it breaking above the cloud. I highlighted all the indicators showing strength. Price action looks like it is moving in favor as well. BTC and BTC futures are moving in favor also. Let's see what ETH has!
Coinbase Litecoin Daily and Weekly chartThe weekly chart looks good for LTC. The daily is neutral at the moment but both charts still look good. Keep in mind that what's going on with BTC and the BTC futures markets can have an influence on the price action of LTC. Charlie Lee and the Litecoin foundation have done a great job recently with the marketing and spreading awareness of LTC and it's use cases. A huge influence in price was the announcement of LTC being excepted on Steam for gamers and Charlie Lee's recent TV appearances. I believe Charlie Lee has a TV appearance coming tomorrow Monday 12/10/17.
ETH - the wild bull is looseWild ETH bulls are at it again, and again. Most timeframes have over-extended RSI levels so any healthy cooldown is welcomed. It's been off to the races since $350 broke bullish and we've recently topped within a few dollars of the all-time-highs at the $420 level on gdax. I didn't expect to go from 350 - 400+ so quickly. Bulls could easily bust through $420 and ignore RSI levels for even more time since we are so close.
Short/mid term Target - $489 (because i'm conservative like that)
Stop - $400 has me looking for support between $370 - $390. I'm OK selling breakdowns and re-buying the next level lower.
Bear Case: There are a ton of bulls long on this trade. Big money could trap bulls here and prevent the all-time-high..or even more cruel: trap bulls just above $420 and take the price back down below $400. Bear dreams haven't done very well on LTC/BTC/ETH lately so i'll continue to treat that as a dream.
How to Trade ETH for 7% - Low RiskHe's an idea to trade ETHUSD.
Buy = $287 or lower
Sell = $308 or higher
7%+ gains
Almost every time the price gets to the green box the RSI is 70+, and when it get's to the red box it's less than 30.
The FOMO is real. BTC 12k pre-fork?The FOMO is real with free money. No one can call a top in this market, but if the FOMO trend from the end of last month continues 12k could be in sight.
LOL
LTC Ascending Triangle - BYE!LTCUSD is almost at the tip of the ascending triangle that's forming on the 15 min chart. With BTC at ATHs day after day before the fork, I wouldn't be surprised if we break down and test a newer low than yesterday as new money keeps being put in BTC over anything else.
Volume also isn't at the level we need for a huge breakout...
BTCUSD Coinbase and GDAXI see people in the chats discussing why Coinbase is $100 higher than other markets. As with my previous post, it likely is due to the email they sent at a quarter until 5.
Here is the message I received, identical to GDAX:
We wanted to remind you that the upcoming Bitcoin Segwit2x fork is projected to take place on November 16 and will result in 2 bitcoin blockchains.
In our effort to make Coinbase the most trusted, safe, and easy-to-use digital currency exchange, we are working to ensure we maximize your benefit from this event. So, following the fork:
Dear XXXXXX,
Any user storing Bitcoin on Coinbase at the time of the fork will be credited with an equal amount of the new Bitcoin2x asset on the Bitcoin2x blockchain. No action is required - we will automatically credit your account. If you have 5 Bitcoin stored on Coinbase before the fork, you will have 5 Bitcoin and 5 Bitcoin2x following the event.
Coinbase users will be able to trade both Bitcoin and Bitcoin2x shortly after the fork.
Coinbase will disable buys, sells, sends and receives for Bitcoin and Bitcoin2x approximately 24 hours before the fork. We will re-enable them following the fork once it’s safe to do so.
For a detailed timeline of events surrounding the fork please see our blog post and FAQ.
Thank you,
Coinbase Team
glitches?while we all wait to see if the trend really turned...
last night it seemed like gdax was having technical difficulties. i'm not sure, it could have been my crappy laptop or borrowed connection, but it was a scary moment. trades hung 'pending', there were spikes and drops as stop losses were hit, limits triggered, etc. it seemed that prices lowered things got back to 'normal' and trading resumed to status quo. (today i see a notice that maintenance is scheduled for 3 days from now.)
whether it is for scheduled maintenance, unforeseen problems or both... do things like this affect the data that trading view or gadax uses to determine things like the moving average, resistance or fibonacci points? if there are radical changes in input, would it affect the moving averages (for example) reflect this glitch for the next 12, 26, 200 periods? Or would it 'be absorbed' and/or corrected for?
---
out of work with a mangled hand: will work for bitcoin or $$$.
feel free to get in touch.
1BmdJEMCLWvuwjLcEScKE4293atN71rhFq
BTC to $4800 BEFORE Segwit2x ForkQuick analysis of the daily BTCUSD chart shows possibility of $4800 BEFORE the Segwit2x fork..... rockets need to refuel before liftoff ;)
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.
Bitcoin Mooning soonGiant Bullish Hidden Divergence on Bitcoin
Starting October 7th ($4300's), to today ($5500's)
Expecting it around $6600 in 7 to 10 days...
30min chart breakout in ETHETH after monster run. we been consolidating in a flat top breakout on the hourly. Looks good for 2ndary move. risk down to the 335-340 area
