Moonshot
BTCUSD - 8k done and 7k still in playCorrection over? Maybe but i do not believe it.
Here are my thoughts:
In the daily consideration we can see a double bottom at 7.7k. That means the dump is temporarily over and we have to accept a consolidation for the next few days. My target area is 8.9k with a touch of the falling ema-ribbon. Even if it can continue to rise at the moment i don´t so see a high probability. The scenario is obsolete if we see prices over 10k.
After this consolidation i expect a final move to 7.2k (worst case 5.4k) and the potential start of wave 3 of 3 in a elliott wave prospective. For this move i will observe the weekly ema-ribbon. I don´t see any contradictions if we shoot over to the downside but we should close above the weekly ema 55.
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ILLUMINATI OWL PIG GOES TO MOONImagine time traveling to 2019 from 1999.
You get here and there is a digital currency market.
~Sears is Bankrupt.
~United Nations Going Bankrupt.
~Debt is so big Interest Rates can never "NORMALIZE" in current structure.
~Central Banks are doing REPO but are
~SCARED TO CALL IT QE.
~Trump is saying Central Bank has lost their minds.
~Venezuela is adopting the cryptocurrencies.
~Goverrnment is attacking the facebook but GOVERNMENT CREATED FACEBOOK COVERTLY.
~Mainstream media is faking bombings.
~California is Burning.
~Fracking is a LOSING BUSINESS.
~BUT EVERYONE EITHER THINKS its all great...its all chaos...or its all a master plan.
DO YOU TIME TRAVEL BACK TO 1999 OR STAY AND BUY BITCOIN?!!!!
Litecoin: Is a Breakout Imminent?Earlier this year, Litecoin (LTC) was by far, one of the best performers in the crypto space. It yielded +400% returns in the first half of 2019, out performing bitcoin and the market as a whole. Starting in early July, things took a turn for the worse and LTC lost over half its value settling in the $58 range.
Looking at the long term trend of LTC, we can see that volatility is a normal thing. This is mostly due to the highly speculative price of this digital asset. After looking at the long term pattern LTC is forming, its starting to take the shape of a bullish flag, although its still to early to know for sure. LTC is sitting on some solid support with the RSI showing bullish divergence, so keep an eye out for a reversal.
As you can see in this chart, which reflects LTC’s price cycle since 2013, the previous all-time-highs are being used as pivot points for further advancement to the upside.
Bitcoin - Simple Actionable Technical AnalisysThis is a look at what BTC is doing in the 4H (4-hour timeframe) with the benefits of the entry points generated by longer timeframes such as the 3 day and 1 week. As you can see these are very, very dependable trendlines one minor violation of the green trendline and it will be a solid indication that we are going down some more. On the other hand, a violation of the red trendline and that will be an indication that we are testing the ground to see if there are buyers for an up move. We could easily go up to the edge of the red line and if rejected that is also an indication that we could be going down. Those 2 green X's indicate where BTC is likely to go. That is about as low as I am able to see BTC go, after that, I think we are headed north to around 15K. The upper X is at about the 50% FIBO retrace and the lower X is at the 61.8% FIBO retrace of the entire 2019 move and all you need to know is that most alts would have double bottomed at that point, which is why I had you get into NEO and LTC already. There could be a colossal fakeout and you would be left out.
This is the long term chart
THE TREND: Going down.
THE OUTLOOK: Unsafe to buy BTC but safe to enter and buy some alts, BTC will go down some more but it will allow you to get in cheap to good alts.
Be safe and follow me to stay ahead of the curve.
ZEC in oversold territoryZEC versus BTC has been bleeding for several month now... I believe a correction upward is due.
Last time (in January 2018) we dipped very low and bounced hard, and I'm expecting a similar scenario to happen in august.
My stop-loss is below 0.005, but you are on your own here.
Zcash ZEC fantastic opportunity (very soon)Zcash KRAKEN:ZECUSD holders are getting depressed , because this coin has not been performing very well.
Good news is this coin is very solid for many reasons (Do your own research) and this price action is actually very good news for us. Only shitcoins do get rich-quick pump&dump.
Please keep in mind catching the bottom is very risky, because it can actually dip lower than you thought but in the same time if you are too greedy you may miss the bottom.
I've drawn some boxes where I believe price area are good buys. My plan is to set buy orders in these boxes.
This coin can change your whole life, don't miss Zcash for it is a fantastic opportunity for buy&hold.
Enjin/Bitcoin MyLongTerm Forecast, important lessons for newbiesI'm watching Alt coin/Bitcoin charts from 2013 to 2019, i will tell you most important things what i learned from it.
1- You cant buy the exact bottoms or sell exact tops.
2- You cant buy right before breakouts.
3- Dont start accumulate before all the well known indicators shows you "its right time to buy" for example weekly EMA-MACD-RSI-OBV
4- Never buy all in any Alt coin. buy daily piece by piece
5- You should keep it mind. your belief will be tested.
6- Never keep your Coins on an Exchange more than 4-6 hours. be obsessed about your coin's security and always use cold wallet.
7- Dont wait EMA-MACD-RSI-OBV confirmation for taking profit.
8- Take your Profits when Bullish Momentum starts losing steam. sell hourly piece by piece
9- Dont be obsessed about selling at top, most of the time you will have another shot.
10- Dont buy back or atleast in same week you took your profit.
Best indicator for top :
When you really feel amazing about your gains, refreshing your portfolio every five minutes, you think you are very intelligent person and you cant wait to share what you have done with your loved ones;
"VERY STRONG SELL"
Good Luck
ZEC will guarantee the financial privacy of you and your familyThe cryptography behind Zcash is extremely advanced and allows total privacy. This coin has the potential to become THE world money, by being
1) A medium of exchange
2) A store of value
Recently, the masterminds behind Zcash -- Electric Coin Company -- announced they will to go all-in on $ZEC. electriccoin.co
It's needless to say I strongly believe in this coin, and I'm hodling it.
For short term trading, I like to keep things simple : I believe MA200 will be support and from now we will go up.
For long term view, and If you believe in the power of electronic P2P cash, definitely take a look at this coin. These current price are really attractive.
Massive Ascending Triangle or Bull Flag? New ATH's OR Double TOPIn my previous post i talked about #BitcoinForPresident potentially trading in a Bullish Flag or Ascending Triangle, the bull flag ripped to the downside almost immediately after posting, but the ascending triangle on a larger time frame may play out perfectly.
I've extended the green upward sloping trendline that was once a symmetrical triangle / pennant pattern, and adjusted it downward slightly, and a perfect ascending triangle / bullish flag pattern is noticeable.
Linked to this post is where I mentioned the ascending triangle the other day, now that a few days have passed it's more clear on a larger time frame.
Time will tell per usual.
BITCOIN - BULL MARKET CASEHi everyone
It's a bit too soon to be overly bullish on Bitcoin. We need to break the previous all-time-high in 2017 around $18.5K and that's when the retail interest will ramp-up very fast and we'll assist to a possible multi-years upside (please muh famili :p)
I flagged the investment strategy of this publication as neutral because I'm only talking here about a multi year long term investment and the purpose of this analysis is to show from which price we'll get a X2/X3/.. on Bitcoin with a fair probability
On the short-medium term, I stay persuaded that dollar cost averaging is by far the best solution for most of us, but in case you wondered when the BULL MARKET will start, I think we have a viable answer here.
History tends to repeats itself with crypto assets
I'm using logarithm bollinger bands applied on a logarithmic scaled chart for this analysis
Credit to fskrypt for this indicator
Enjoy
Dave
EASY buy on XRP!This is such an obvious buy spot....MAYBE too obvious....Price refuses to close below the 61.8% retrace form the earlier breakout in May. The base on the longer time frames is solid, with a very promising falling wedge breakout (see monthly chart). We've overcome weekly resistance at the 50 and are consolidating near the earlier breakout point. If we fail here, we visit the daily 200ma, but if XRP runs, we're talking 200% returns possible. A close below $0.36 on the daily chart and I'll re-evaluate, but currently, I'm VERY long here.
Ascending Triangle or Descending Triangle.If you zoom in on this chart to a 5 day time frame or less the pattern is much clearer.
In my link to this post you'll notice Bitcoin is also trading in a ascending triangle that was broken flush to the downside not long after I posted it taunting JP Morgan by saying, Bitcoin has provided greater returns since 2015 than owning JP Morgan's stock since 1969, or technically forever, even after falling from 2017 ATH's. ;)
Time will tell per usual.