4 Possible BTC breaks factoring post-Binanace-API-key-hack effecJust publishing for personal future review
Marketcycle
AMP/BTC Market Cycle -> Possible launch padMarket cycles are a glorious thing, we experience the whole array of emotions as the price climbs, pumps, dips, falls, then crashes, only to rinse repeat down the road. With the expectation of March/April bringing new life back to Alts we're now able to see the alleged light at the end of the tunnel.
In terms of our friend AMP we can obviously see 2 highs, followed by a crash, with roughly the same time frame from peak to the beginning of a new cycle. If AMP is able to break the Fib cross diagonal and find support along said line, we should expect to see the cycle kick back up. A simple .618 retracement brings back .00024 and the entire 1.0 ATH retracement puts us over .0003.
Lot of upside and love seeing life come from the alts, lets keep watch and hope this doesn't end in a false breakout like NANO.
Happy Tuesday - March Madness is on the horizon LFG - Lamar Jackson will be QB1 out of this draft in 3 years.
DYOR - not advice
-Delgado-
LBRY Credits incoming bullish cycle. Why i got into BITTREX:LBCBTC :
New Market cycle.
Accumulation phase with good volume.
Ready to breakout.
Working product with good team. target x10, may change my mind depending on the market.
March calendar is very good.
New market cycle. Midterm signal but my god, it worth it.I know.. usually I'm a swing trader and hate having patience and seeing my money go up and down due to de waves in a coin and prefere looking at it on a day to day basis. but ADA, what a great coin. incredible dev-team. We hit rock bottom here and we just saw the announcment to a new market cycle. the Beartrap. a little wave making all weak hands sell their stuff to give intitututional investors and the 'smart money' the time to make the perfect entries for mid-longterm holding. I hope some of you have some patience and i recomment just buying as little as you want and just not put it in your blockfolio or delta app and so forget about it. this will be a nice one!
My Plan To Keep Profit And ride The Bear Market OutWe all Know its hard to make profit and honestly its even harder to keep Profit! It has been a crazy ride last year and so if we are going for a long term Bear market ..I will Try to save my Capital as much as I can by following the layout chart and also will try to ride the AltCoins Season!
Happy Trading! : )
Reddcoin is going to skyrocket soon!As you can see reddcoin completed it's marketcycle and is ready to take off and rise to new heights soon if the market will remain healthy.
Walmart (WMT) Walmart looks to be on the downside of it's market cycle. Be prepared for bull trap then a
"return to normal" before bearish continuation.
Just my opinion.
The market is doing its work....Good morning from Belgium,
Lots of ideas were popping up due to the in-channel bull-run of the last days. Bitcoin is back most people say, I will tell you, it will never leave, but...it has to finish its market cycle. Those are the biggest strengths of trading, looking at the big picture. So, I am still bearish and on the daily picture you see a few changes although the biggest picture is still the same. Bull-run was broken this early morning and target of $4800 still remains but could flip through $4100. A colleague trader was picturing a $2500 level which is also possible depending on behavior during the ride. Save trade and be patience and control you emotions. This is never an buy or sell advice. Make your own decisions!
and the broke of the bull-run picture:
$BTC 2014 + 2018 bubble comparisonhere is another possible fractal.. Bitcoin is looking similiar to the 2013 bubble fractal.. just double speed.. 2018 = 12H and 2014 1D.. if we are going to bounce the next days its likely that dis scenario is just on 2014 track..!
S&P 500 - February 9I don't normally talk about the general market, but what a wild two weeks! The S&P 500 peaked at 2,873 on Friday, January 26th and dropped 12% to 2,533 on Friday, February 9th. By comparison, the initial plunge during the 2015-16 bear market, in August of 2015, was 11% over just five days – culminating on August 24th “Black Monday.” The chart shows (hopefully) that interest rates have not caused this market correction (the price of TLT moves in the opposite direction of the interest rate on the underlying bonds). While increasing rates did portend (not cause) the 2015-16 bear, the late-2016 increase in long term rates had no affect on the ensuring 2017-18 bull run. The iShares 20+ Year Treasury Bond ETF (TLT) is trading today, right where it was in late-2016. Today we have none of the future economic uncertainty that is typically tied to major changes in the market. In fact, S&P 500 companies are currently beating earnings estimates at the highest rate since 2009.
The previous correction (8/15/2016 to 11/04/2016) was only 5%, but it was three months long! This one is 12% so far, but only two weeks long – again, so far. I never try to guess what the market is going to do in the future, but I highly doubt that this correction will be nearly as long, as this bull market’s first correction. Elliott Wave’rs call this “alteration” but it seems to have merit across many technical disciplines. Just remember, lightening actually does strike twice! Thanks for reading -- Roy
Bitcoin: let the market do its work!Short update on bitcoin. Still in a bearish pattern. Little bullish sign along the way like we had in the reversal HS pattern but in the bigger picture bitcoin is unwinding its market cycle. Those are the big forces at the moment as I posted them already weeks ago. Two pics added. The current position in detail and the bigger picture which I expect to be rounded by March or April. Don't forget, patience is very important here! This is no buy or sell advise. Just information sharing. Good trade!
4 Years of BTC and herd mentality in one chartHey guys, as you've seen on my previous forecasts on BTC and XRP, I've started to accumulate and increase my holdings. Besides the technicals, my bias is getting even more long biased due to the massive pessimism around inexperienced traders and overall media coverage. As you can see on the chart above, this is not the first time the world has witnessed such a huge drop on BTC. Back in 2014, when the total crypto market cap has dropped below 5 billion USD due to a massive sell off of -87%, the web was full of articles saying that Bitcoin is about to collapse. That it will end.During this phase, we've also witnessed the MtGox affair and the start of some regulatory talk. Some university professors and asset managers begun to throw out predictions that BTC will hit $10.
Once price has started to recover, you've suddenly heard nothing more from these people. The sentiment has been switched to "keep our mouths shut" till BTC slowly gained bullish momentum again. What happened then? The very same newspapers and magazines started to write articles that BTC is now "hip" again and it might become a big thing in the future. As soon as price started to really rocket, the very same procedure has started again. Jamie Dimon/CEO of JPMorgan, marketwatch.com, CNBC journalists and many others listed thousands of reasons why Bitcoin is bad, risky, a fraud and of course why we all should stay away from it. Guess what happened when the price started to drop again in January? Right. The very same thing. There is no "this time it's different". This market is still in its infancy and yes, there are other coins that might become the crypto #1 but no one knows when it will happen and we shouldn't actually care about, because for now we clearly see a heavy BTC dependance on other alts - despite the diminishing BTC dominance.
Long story short - I think it's extremely important to never, really never fall for any catching armageddon crypto headline out there. I am actually using all this as an contrarian indicator, meaning that a peak in both, heavy optimism and pessimism regarding cryptos should be a warning sign. People just went crazy in France a week ago or so, because some stores have been offering Nutella and diapers for a 70% discount. This thing has escalated so quickly that they've had to call the police. On the other hand, when people are been offering to increase their crypto holdings to buy back at a heavily discounted price of more than 70% , people are scared to death and even sell(!!!) their holdings with a massive loss. I mean..that's just insane.
It's not about having the most accurate entry or exit. Think of Michael Burry (The Big Short) or other investment funds who act during or prior to such a crisis,bubble,healthy correction (call it whatever you want). They rarely squeeze a trade out from the very bottom to the absolute top. Sure, they're doing their best to do so - but in the end it's about the final result. And speaking of this, it simply doesn't matter that much if you've bought in at $6k or $7k. Hell, let BTC even drop to 5k or 4k. That would be even better, as we can buy at much cheaper levels. And once BTC and alts start to gain bullish momentum again, you'll hear the exact same words, you'll read the exact same headlines on the very same magazines and newspapers. And yes, there will be again regulatory talk going on, people spreading rumours, maybe some bans, etc. It just doesn't matter in the mid to long run.
I've seriously read a comment below a tweet of Kim DotCom who advised people to buy BTC on the 5th of August 2016 with the words "Buy Bitcoin while cheap. Like right now. Trust me". You don't believe what an insane amount of hate comments he received and many were just like "mhmm alright". These peeps have probably the very same mentality to those who are laughing at others that say, BTC and alts with a proven concept will have another insane bull run in the near future.
Don't be a sheep. Don't panic. Be patient
BITCOIN Following Wall Street Cheat Sheet CYCLECheck the attached image (fifthperson.com), this is a possibility of how this BTC crash could continue, followed by a consolidation (capitulation) period.
As always Bitcoin could discredit this, however, it has followed this market cycle cheat sheet very closely thus far.
I am bearish for now.
Bitcoin unreeling its marketcycle....Well, some posts are not that popular, but I keep telling my thoughts and till now they came true. Its quite simple, every trader is nervous to buy-in on time not to miss the jump up, when it comes. But...bitcoin is unreeling its market cycle and as a grounded trader, for those who are, you see it in all its cycles and moves. Sure a jump up is around the corner but big whales are not picking up because off this market cycle. They are not stupid! There are two important stages coming (green rectangles). The 78,6% and the 88,1 %. At these levels, bitcoin is cheap and more money is willing to drive course up. Pitchfork still intact, all are waves within waves. $7500 could also give some support as this is more a psychological border. make good decisions chaps.
Snapshot bitcoin heading.....Bitcoin in a little triangle that I guess, will breakout in an upside. In the bigger picture still bearish pattern. Big whales are not picking up so expectation is what I posted before. Two pictures here, one detailed, one 1-days with a pitchfork. As you see, majority of candles is at the underside of the pitchfork which indicate a downtrend as well. Expectations are, because big whales are not picking up and there is some fear in the market, a downtrend towards $5000-$4000. Market is tense because little rushes followed by aggressive sales in short time schedules. New buy-options coming. This is no sell or buy advise. Make your own decisions, its your money!
BITCOIN: FULL RETRACEMENTGood morning. Rough times though as a trader. Bitcoin is in a full retracement. Expectations for a buy-in at $8000 is quite uncertain. I made a full TA regarding its full market cycle that's showing to move to a full completion. It wouldn't wonder me if bitcoin could go back to 88,1% Fibonacci retracement where we find a new buy-in at around $4000. Some colleague traders are taking the marketcycle bigger from another point and they showed me a possible buy-in at $3000. We'll see. For now I rest in fiat. Make your best decisions guys. Good trade!
Let this be a wake up call for bitcoinHi there,
Before I start I will show you the total marketcycle of bitcoin. Its finishing this marketcycle. Expectation going down before a new marketcycle will start.
Then a more detailed look. Bitcoin broke through its resistance line and through the 61,8% line which means fully bullish character. (yellow circle). I hear you thinking, till what level will it fall for a new buy in. That could be around $8600. A little bit above a little bit below. Keep an eye on it and make your own wise decisions. Good trade!
Blue whales market cycleBig market whale cycles/waves visualisation
If you want to learn fishing
& how to eat small fishes then click the link below :D
www.fishinggames.us
We are in the 1-2 of an Elliott Impulse Wave on ETHBTC(*EDIT* The purple band is a bit fiddly to get right. PLEASE - adjust the scale on the right-hand side until the ALL THREE of the "3-4" lines are across it. THANK YOU!**)
ETH travels a channel over time from relative weakness to strength and back again against BTC.
On a log scale you can see the market cycle beginning a third very predictable ramp right now.
My predictions for where the 3-4 points are placed is based on the purple band that goes through this resistance phase in the last two cycles.
My prediction is top of the channel by June just under .5 BTC per ETH - both the historical significance of this resistance level and the significant numerical strength of exactly 1/2 the value of BTC will likely make this the top.
Time will tell... =)
BTS BEAUTIFUL FRACTALI've tried to make this chart look as least intimidating as possible, because that always makes for a good chart!
The market cycle playing out is a fractal (elliot waves). Entry is at the 50DEMA. Time-fibs have been spot on in the previous cycle so they're worth considering in this fractal. Also, the fib-extension from the last cycle is relevant to this cycle.
I will be going margin long on this on poloniex :)
Thanks, Caleb
The People vs. The BanksWelcome back traders, I hope you had a wonderful Christmas and New Year!
We're now getting back into the charts it's a brand new year, new opportunities and what a start it has been :) cryptocurrencies are through the roof!
Today I'm breaking down two assets which are breaking records and funnily enough one of cryptos most well known rivalries, ripple vs. stellar.
As you will know by now, both of these cryptocurrencies have been making headlines for the past month, their growth has been tremendous and to those who took my advice at the beginning of 2017 on both of these assets will have a very nice portfolio, I've received many kind messages with people sharing their results and that's what I love most about this business!
However, as good as all this sounds it's at times like this when investors are blinded by 10x and 20x returns, and I come along to bring them back to reality, markets move in cycles and I hate to see traders buy a market top or hold through a 95% correction.
XRP current price = $3.68
1 month ago = $0.25
STR current price = $0.86
1 month ago = $0.09
Just take a look at those figures for a second, that's in one month alone. Similar to the moves we experienced in April/May 2017.
First, let's take a look at Ripple on the left (XRP/BTC)
As we can see from the chart the average increase is 1494% including the present price increase but not accounting for the 5412% total increase in 2017 as this was broken up by a 69% correction.
Since the beginning of December 2017 price has increased by 1890% as XRP makes headlines all over the world, it is now the second largest cryptocurrency by marketcap.
Let's take a look at the downside of these moves.
As you can see these impulsive moves are followed by a correction greater than 69% and actually two of them resulting in a 95% decline.
The average correction is 86%.
Now, picking out a market top is not simple although I have done this in the past.
If we experience a correction from the current level you can expect a correction of at least 50% before the move up continues.
A lot of individuals claim XRP will hit $10 and for their satisfaction I have included a target level for this (this price level is based on the current BTC price) which is the exact same percentage increase as we seen in 2017... The total move = 5412% from low to high.
If we do see price achieve $10 the correction to follow will be of significance, I expect XRP to lose more than 70% of its value at this price level.
Now, we have Stellar on the right (STR/BTC)
The average price increase is 2487% including the present price increase.
Since September 2017 price has increased by 2794% bringing it back into the top 10 on coinmarketcap.com.
We can see that both corrections for Stellar resulted in a 96% decline which is extremely similar to XRP.
Again, I see a correction of at least 50% for Stellar very shortly.
Taking all of this analysis into account, these charts need to be compared to the asset quoted in USD, I will update this post in the future with the comparison.
I will also be updating the idea on a shorter timeframe to pinpoint where the correction will occur.
Feel free to check out my previous posts on market cycles.
Bitcoin:
Altcoins:
I wish you all the utmost success in 2018.
