My prediction is beginning to prove itself. $7442 before $20kAccording to the price movements from yesterday as well as the recent days before i began to notice bitcoin correcting at a steady pace and that the $10.3k range would be a defining factor as to how deep that correction would be. I continued to monitor this because i was certain of it breaking through the support . low and behold it did down to around $9.k area. according to the beginning of the very fast , almost vertical ,bull run we just experienced a pullback of this amount would make perfect sense. so NO WORRIES! in fact, this would actually be a very quick opportunity to make some very nice gains before we say our last goodbyes to 4-digit bitcoin prices. my prediction is that we will quickly correct to about $7442, which in more broad speculation is actually still bullish as far as trends go since the beginning of the first bull signal that woke up the hopes of many bitcoin advocates. i also predict that this will signal our journey to our last ATH ($20kish) and completely bust straight through it actually. The dip will be fast so please pay atttention. i would love to see if my calculations are correct. Have a great week people!
Hodler
Retesting Anual Lows I would say that the bears still have the upper hand if you look at the year overview we are certainly not on the verge of a breakout but just , oozing down the downward funnel I expect resistance at 3200 and 3000 dollar points.
My opinion sell BTC now buy back in at a lower price, I don not think HODL will give you much, unless you bought BTC bank in the days that they were 30$ each....
Expect a bottom of 2800 then it will go back up to 6000 within the half year
Bitcoin Breaks Through Last Wall Of Resistance - Target 4600The bears are starting to hibernate. Bitcoin (BTC) has finally broken through the resistance triangle and is showing further bullish signs of a complete reversal. I'm placing my price targets at around 4600 in the very near future, creating a balance resistance around 4550.
NANO, and How I Used it To Time a BottomWhether or not we have truly seen bottom in the crypto market remains to be seen, but as I mentioned in my BTCUSD analysis(), NANOUSD is the coin that helped me to see the bigger picture. Why? Because I decided to compare it with an old BTCUSD bubble cycle from 2011, when it similarly rose from cents to around $30, only to crash back to $2. I used some simple math to predict the absolute bottom range for NANO before it happened:
In 2011, (looking at the LOG GRAPH ONLY), the jumping off point of BTCUSD (low before the rise) was around $0.68. It then skyrocketed to around $29.60. It then declined to a low of $2.05, which is a factor of around 3 from $0.68.
If you apply this math to NANOUSD at the end of 2017, you see that it began its parabolic rise around $0.20-30. It's important to note that while the coin was trading at a low of $0.10 before the rise, that is not when it really jumped If you multiply this range by a factor of 3, you arrive at $0.60-0.90. The average of this range is $0.70. I thought originally that BTCUSD would have to crash to 4K for this to happen, but NANO did this independently on August 13th, 2018, so I bought some more around $0.85 after I saw it reversing quickly, because I thought why not? Wish I had bought more though, but I didn't want to risk much at that point. Picked up a couple of other coins on that drop, because it seemed like a true capitulation event to me. The alt buying at that moment is what saved Bitcoin from dropping below 5.8K, in my opinion.
In any case, currently after its huge reversal, it has cooled off considerably. This was to be expected. We are now in the process of forming an Adam & Eve bottom, with a base around 26k satoshis. If we drop below there, we should find support before 20k, but I think this will be the base. We also keep getting rejected off 29-30k (as we just saw today as well). Just as BTCUSD stayed in the $5 range for six months before finally starting another bull run, NANO will likely do the same in this $1.80-2.00 range. It's interesting to note that this is an increase of 2.67 from its bottom at around $0.75, whereas BTC stagnated at a factor of 2.5 from its bottom in 2011.
I expect NANO's adoption cycle to play out similarly, and we may see an enormous pop in the near future. 6 months from August 13th is around Valentine's day, 2019. Let's see what happens. It could pop sooner, as the market cycles seem to have sped up a little. This is another coin I expect to use once adoption increases.
BUY:
2600-3000
STOP LOSS: 2600 (although stop losses in crypto are dangerous. Someone can market sell into supply at any time and flush you out before a parabolic rise. Happened with LTC last December)
SELL:
6000 Short term previous strong support turned strong resistance
8000
10000
14000
??????
This is not a recommendation to buy or sell, and I am not a qualified financial advisor. This is one of my own investments, and a vision for how this could play out in the future. Of course, NANO could fail as a currency, but currently a lot of work is being done on improving it and it is being accepted by more merchants every day. This is an example of how belief works in emerging forms of money. NANO has a strong group of believers behind it, so I'm banking on it succeeding.
-Victor Cobra
BTC/USD Daily Chart Ladde To The Top (1 Day chart TA Forecast) At first sight, the market does not seem as unpredictable as we all thought. There is a definite sequence as you can see.
With more careful attention, other interesting facts are also evident.
I think the bullish trend will be slow but glorious :)
I also suppose there will be a slight mirror image, but we will see over time.
Personally, I do not expect any anomalies until December.
Let everyone draw a conclusion and share it with us. :)
I want to congratulate all those who play in the crypto world and to admit they have real courage. And with these actions, we may be jumping into the future. And each of us will be a part of this transition. :)
#buy CardanoWith Consensus 2018 now less then 24 Hours From Today In White Rabbit Wonderland Everyone is Excited! Especially Jabermonster now lets Step into the Rabbit Hole and get Technical with this coin $ada also known by its Infamous Name #Cardano. now ada shows Strong Support At the 3000-3040 Satoshi area demonstrated as the thick blue line (I have Hodld me Some More with my order being picked up at that area ) we can see cardano moving exactly how it did before it went on a small rally up last month. If we move to the magical Ichimoku cloud my Analysis tells me Price action is squeezing between the t-line and k-line with both being Flat Indicating Change of sentiment in the market. now cardano has had a bear sentiment as of the beginning of this month so if the magical cloud says that sentiment could be over! with the event that triggered last years Bull Rally known as Consensus only hours away TTM sqeeze saying its going up!!!! CARDANO!!!!! yells buy me after crossing and testing strong resistance at 3100 satoshi demonstrated by the dashed teal line making the exact same candle pattern as last month demonstrated in the teal colored areas to the left and right of the chart. it has begun to form a trend up demonstrated by the yellow line and....... if we move to the weekly chart it is at a fib lvl moving down to the 2hr chart cloud yells buy and on smaller time frames it alreiady started its run......so i say make way for this silent giant, as cardano is one crypto that is at the top of the list without the need of virtually any marketing!
Cryptocurrency Update - YEAR OF THE HODLER During the last month we have seen a drastic sell off in all crypto due to a massively over-bought market caused by Over enthusiastic and fake hype throughout the whole market with bitcoin -0.34% being the leader, in my opinion this sell off is now over with currency such as lite coin increasing by around $40 in the past week.
Due to news releases in both lite coin(LTC) and ripple (XRP),
LTC - Bringing out Litepay via visa debit, allowing LTC holders to spend there cryptocurrency anywhere in the world using there lite coin visa debit card will incease popularity worldwide and make the currency more accepted and integrated in the future.
Ripple - Having teamed up with banks such as Barclays, in integrating a blockchain international system the future is looking good for this cheaper crypto coin, Unusual as it is for banks to try and integrate cryptocurrency into there everyday business, usually condemning them as "bubbles" and "nothing coins" due to there being no easy way to regulate said currency's such as Bitcoin -0.34% and lite coin, Ripple is very much different therefore in the future I believe the future for ripple is one of the most promising of all crypto.
AFTER ALL... BTC... After all the FUD and market sentiment, I'm still remaining to be positive and not looking that much in chart because that's what markets does. duh!
This is not a bear market! I repeat, this is not a bear market! Unless the market goes below the major support which is around 5,400 USD.
SO that means, we just touch the previous trend line support! Stop making things worse for Bitcoin! Take away the negativity!
Bitcoin has a great project and it will defeat the purpose of decentralizing if we're looking forward for gov't intervention.
I believe in this coin and I will always..... HODL!
trades will not be easy since our mother coin is correcting. But after all, majority of the correction's finished!
Take care and I hope you don't get caught up with FUD!
Returning to basics.Looks like TRX:ETH Has hit the Mid December trendline. Before the big price boom.
It does tend to notice the line and has bounced off it a few times, currently testing it now after a brief consolidation.
I'm wondering if it breaks lower, too far low (into that blue box), then it might be headed for the earlier trendline, the one that began early December.
I'm going to wait for a stronger signal about where TRX is headed. If your current hodl TRX position is above the current price, it might be worth averaging in a little lower now, keeping an eye on it and then averaging down again if it is headed for earlier trendline.
Good luck everyone. Love how much Tronix Has such an excited following. Keep it up!
And if you're looking to increase holdings, this all looks great.
Reminder for maximalist Bitcoin HODLersReminder for maximalist Bitcoin HODLers
One great reason to HODL Monero too is that Monero's codebase is 100% independent of Bitcoin's codebase
If someone finds a huge bug in bitcoins code, it could affect a lot of other coins. But since Monero is a Cryptonote coin, it would not be affected.
And while one might say that Monero is more risky because the code hasn’t been used as much, there has been a lot of time gone into researching the code and making sure it is solid. (Because for those who don’t know, cryptonote is what Monero is derived from, but it was not created by Monero developers)
you would think that by this time if there was a major flaw in btc code, it would have been found, but sometimes it just takes a long time before the vulnerability is discovered.
Also a lot of the coins that have been coming out this past year are Ethereum based tokens, so that is something different although when you take into account the DAO, Multisig wallet hack and just the whole design of Ethereum its hard to call it well tested and secure compared to cryptonote and Bitcoin.