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Satoshinakamoto

Bitcoin's indecision triangle will be broken in couple daysLet's see the movements of BTC/USD in different time intervals; Bitcoin daily We start with daily charts. The ongoing upward trend in general has dropped to a decline at the end of June. Until the uplift that started in early August which looks like a ledder. The critical point here is that if this rally will break the downtrend from June? It may look clearer on short-term graphics. Bitcoin h4 Now let's move on to the 4-hour chart. Here the trend and supports with purple color are specified. The downtrend, which started on August 6, should be watched carefully, the price has tried to break this resistance 6 times but failed. The 11445 support is another point to note here. Bitcoin h1 Also in this hourly chart, the purple downtrend trend resistance has been tested repeatedly and is working solidly. Likewise, 11445 support below has worked for 3 times. As a result, BTC seems that the value is in a triangle right now and it has different buy/sell signals for different time intervals. Most probabky the triangle will be broken on August 11. We may wait to see which way the value will break triangle and play with that move. Due to triangle is strong, we can expect the reaction of breaking the triangle will be strong & steep as well.
BITSTAMP:BTCUSD
by Emrut
Bitcoin LONG / 3-3-5 Flat Correction - HOLD ITI'm long again. After reviewing the post of some of my supporters, other opinions I value, and stepping back and looking again at my count I believe the bottom of 2 is still valid even though it slightly extended past the 78.6 Fib. If this level gets broken I'm out again to reevaluate the situation. P.S. If we just double bottom I'm adding to my long position. Would you believe me if I said we might hit $10K tonight? We could..... Since price did not break the previous low I am counting it as the bottom of wave 2. The next Wave 3 will be the tell. If Wave 3 consists of 5 sub-waves that measure impulsive instead of corrective then what we have seen is most likely a 3-3-5 Flat correction and BTC will start moving up from here. If, however, the Fibs of the Wave 3 sub-waves measure correctively then further downside would be expected. Instead of being a 12345 move North it could turn into more of an ABC correction and start moving down again. Like I said, the tell will be in how the next sub-waves play out. I'm still long unless this next move turns out to be corrective. If so, I'll bail and look for a better entry at lower prices. P.S. If you are not familiar with the term 3-3-5 Flat Correction do a Goggle search and look at some of the examples. You will quickly see this is a good match for what is currently going on. The only question is whether it continues to play out like this morphs into something else. Good luck and have a nice day! *** There is no certainty. Just like our life. Who guarantees I'll be alive in a moment? These are expectations, probabilities. God be with us today and always
BITMEX:XBTLong
by ferGOD
5
Bitcoin - ABC Correction - The market, it's math!BTC is reaching a key point of support and Fibonacci level. A significant bounce would be expected at the end of Wave C and Wave 5 anywhere between $9 - $9.1K (1.272%) After that counter-rally it will be time to re-evaluate to see if the major correction is over, or if this is just a breather before further down side. ($7K-8K range) A 40% total correction is down around the 1.618 Fib on this chart for a percentage reference. Also for a point of reference, those two blue boxes are exactly the same height showing the symmetry of this latest move (AB=CD - ascending broadening wedge). The highlighted channel I put on the chart looks very much LARGE bull flag does in not? (something to keep in mind) Long term I am still extremely bullish , short term we still have to feed the bears a little poisoned meat to occupy them so we can circle around the path and continue up this mountain. A 4 Hour view of the same chart. The current price action looks like it wants to head to the lower Fibonacci line The market is sovereign The market is antagonistic The market is not find The market will devour you The market will teach you The market will hit you. The market does not forgive the novices The market will lead to your soul STUDY! This is MATHEMATICS!
BITMEX:XBTLong
by ferGOD
3
Bitcoin - To The Moon and BeyondHello world, and trading The week was a heck of a ride was it not? I know we still have a couple hours to go before this week's candle official closes but I'm going to go ahead and call this a green week. lol. For those of you following my work you already know this chart pretty good. For those that don't you will notice that after the previous breakout (yellow left) Bitcoin experienced SEVERAL weeks of bullish price increases before taking a break, then resumed again, and again, and again until finally topping out around $20K. We appear to be in the same pattern. Breakout, touch-back, red week, engulfed by green week, followed by many green weeks to follow. You can of course short this if you want, but I believe those still calling for $6K and especially $3K are just smoking crack cocaine or some other illegal substance in my opinion. Can you make money on the short side too? Sure you can if you are a friggin trading ninja and are well skilled at snatching raw chicken out of the mouths of alligators. But go ahead, try your luck. You may be the ONE. :0) Why fight the trend? Look at the 50/200 (Golden Cross) daily moving average cross on the right of the chart. It crossed and just keeps expanding. To get those averages to uncross right now somebody would have to crack Bitcoin and ruin it for everybody forever. Really, it would take a complete failure of Bitcoin to get prices to come back down that far right now and uncross those averages. Look at the same averages on the left of the chart. Look at how long they held up under the last bull run. It takes a lot and a long time to uncross these averages once they cross over bullish . The top of the 21 week MA, right now, is about $6800K, just to touch it. Do people really think we are going to undo all the progress of the past few weeks in just a few hours, days, weeks, etc. and break below $6K. Really? Again, it just tells me that crack is cheap right now and all the Bears are smoking it. We may not hit $20K next week but we ain't hitting $6K either. The odds and averages say we are going higher long term not lower so don't buy the BS. Moving averenge 200MA is pra cima isso é muito bullish What is driving this? For me it is what is has always been. The scarcity and security of Bitcoin as a store of value. Like physical gold , a place to park your savings and wealth so that it does not loose purchasing power over time. Has anybody that bought gold or BTC lost their purchasing power from 10 years ago? I don't think so. If anything it has increased tremendously, especially for BTC . This is what people want in sound money. Limited supply, no government control, no unlimited printing, secure, easily stored, easily divided, easily transported, easily transferred, and cannot be counterfeit. Bitcoin has ALL the benefits of gold and several benefits that gold does not have. You can't make a Gold watch with Bitcoin , but you sure can buy a very nice gold watch with Bitcoin . Rolex anyone? :0) What else is driving Bitcoin right now? The financial industry, Facebook , and the public awareness that brings. In short, the Facebook news about Libra is a good thing for Bitcoin . It validates the idea of crypto and brings awareness to those sitting on the fence. The big difference is that Libra will be tied to fiat currency value and other debt instruments. All the crap that is NOT associated with Bitcoin . People argue "But Libra will be stable" That may be true. Libra may achieve the goal of always being worth about 1 dollar or 1 whatever the unit may be. Here's the rub. Over time whatever cost you 1 Libra today may cost you 10 or 100 Libra later. It will lose purchasing power over time just like all the crap it is supposed to represent. How is Bitcoin different? It is actually a form of real MONEY, not just a currency. The value of Bitcoin when compared to all other currencies will continue to rise in those units as those units continue to race towards zero. All fiat currencies eventually get reset and go to zero. History is littered with dead currencies, not money, currencies. We have been taught that green toilet paper is "money" and it is NOT. It is fiat currency printed by the government in unlimited quantities and dilutes all those green pieces of toilet paper that were printed before them. We all need to recognize the difference between what is sound money and what is just a currency. When you can figure out the distinctions you will be in a much better frame of mind as to were to invest your labor. At any rate, that's my rant for this week. I'm still bullish on Bitcoin and plan to be for quite some time. The halving is coming up next year and the projected stock to flow ratio puts BTC at no less than $ 60K at that time. Is that a guarantee? We will not know until we see it. Nothing is guaranteed in life. Everything is a risk. But for me, being long on Bitcoin is a risk I am willing to take. Especially when I compare it to all other options available. Gold, silver, and Bitcoin, the only real money I am currently aware of. I said "money" not assets, currency, valuables, etc. I said money. I hope this week you are treated more and more Satoshis in your pile. If you were a Bear, sorry about your luck. For the right price you can get your skins. They are on the floor in front of my fireplace right now but I have more than I need. Please come buy them back, I'm trying to get rid of them. : 0) Bear, I'm sorry for you.
BNC:BLXLong
by ferGOD
BTC – we will tell you why BTC won’t go lower than $5800 –encoreHi Guys! As we struggle with no volume on the crypto market we want to remind you why we believe BTC will not fall below $5800. We made such analysis on April 11th and it is still in force. This analysis is very fundamental. It shows why we have a very strong resistance at $5800 - $6000. It is not an easy task. We have to get back to the basics. Why is it even possible to have a BTC, to make any transaction with BTC? Have you ever thought about it? We don't mean a mobile phone, public address, private key, exchanges and so on. There is a whole infrastructure, people, companies involved. Developers, miners and people who want to use it (buyers and sellers). That's it. That is the whole magic. Without them, there was no crypto world today as it already looks like. Here are the key factors: 1. Satoshi Nakamoto has/have created BTC. They figured it out how to create, safe, digital asset combining it with the whole network of miners. 2. Miners give essential infrastructure to maintain the network and make it possible for BTC to be transferred by 3rd parties. 3. Finally, we have a network effect. It means more and more people want to have, buy, transfer, hodl it. So here are 3 essential factors to make everything work. The first point mentioned here is pretty obvious and we won't go into it any further in here. One important information: Satoshi Nakamoto is in possession of around 1mln of BTC. So this is nearly 7 bln of dollars. They have enough money for the development of the project as well as keeping the price at any level buying or selling their (crypto) money. The second point is here very very important in this puzzle. To keep this network all miners and nodes has to be duly rewarded. Mining effectiveness /profitability is directly connected to the price of the electricity. 90% of costs in the time span are electricity costs. So how much $ does it cost to obtain 1 BTC? Good question ha? Most of the miners actually mine in the pools. Here is the structure of the pools worldwide: Pool___Blocks___ Share % unknown___ 886___ 20% BTC.com___ 752___ 17% AntPool___ 602___ 13.61% Slush___ 494___ 11.17% BTC.TOP___ 495___ 11.19% ViaBTC___521___ 11.78% unknown___ 886___ 20% DiscusFish / F2Pool___ 405___ 9.16% Most of them operate in EU, US some of them in China. Please look at the link. www.blocktrail.com We have to now figure it out where most miners are located. We haven't found 100% reliable data but here is something helpful. Distribution of the nodes worldwide. bitnodes.earn.com So here is looks on numbers: Country____Percentage/share__Cost/mining 1 BTC in USD • USA________23,6____________4758 • Germany____19,26____________14275 • France______6,65_____________7930 • China_______6,45_____________3172 • Netherlands__4,89_____________9449 • Unknown___4,49____________6951 • Canada_____3,66____________3965 • UK_________ 3,12____________ 8402 • Russia______2,87____________ 4675 • Singapore__2,5_____________5936 We can assume that diggers/miners/rigs are more or less same distributed as the nodes. When we calculate the weighted average (depending on the methodology as we did not take all the countries into account) we have the minimum price when it is even profitable. We range from 5874$ to 7530$. When price significantly dips someone has to take action (Satoshi Nakamoto?) and buy BTC to get the level of the BTC price when digging will be profitable again. Satoshi Nakamoto takes care of that business to run smoothly as much as possible. Without the minimum price, there will be no network. Without a network, there will be no BTC. Without BTC many people/organizations (including Satoshi Nakamoto) will be totally broke. We had 5 tests of this level since the beginning of the month. Each time if was defended. So Traders! Does this analysis make you feel calmer? How do you feel about this? HUGS! WBM Team PS: Useful links: Prices of the electricity across the world www.elitefixtures.com The list of the wealthiest wallets: bitinfocharts.com
BITFINEX:BTCUSDLong
by WBM_Team
7
We will tell you why BTC will not go lower than 5800$Hi Guys, as averyone wonders how low BTC can actually possibly fall we tried do answer this question. It is not easy task. We have to get back to the basics. Why is it even possible to have a BTC, to make any transaction with BTC....? Have you ever thought about it? We don't mean mobile phone, public address, private key, exchanges and so on. There are whole infractructure, people, companies involved. Developers, miners and people who want to use it (buyers and sellers). That's it. That is the whole magic. Without them there were no cryptoworld today as it already looks like. Here are the key factors: 1. Satoshi Nakamoto has/have created BTC. They figured it out how to create, safe, digital asset combining it with the whole network of miners 2. Miners give essential infrastracture to maintain the network and make it possible for BTC to be transferd by 3rd parties 3. Finally we have a network effect. It means more and more people want to have, buy, transfer, hodl it. So here are 3 essential factors to make everything work. First point mentioned here is pretty obvious and we won't go into it any further in here. One important information: Satoshi Nakamoto is in possession of around 1mln of BTC. So this 7 bln of dollars. They have enough money for development of the project as well as keeping the price at any level buying or selling their (crypto) money. Second point is here very very important in this puzzle. To keep this network all miners and nodes has to be duly rewarded. Mining effectivness/profitability is directly connected to the price of the electricity. 90% costs in time span are electricity costs. So how much $ does it cost to obtain 1 BTC? Good question ha? So last couple of months we had a massive outflow of miners from China due to harsh regulations over there. Most of the miners are in the pools. Here is the the structure of the pools worldwide: Pool Blocks Share % BTC.com 1,172 25.02% AntPool 676 14.43% Slush 533 11.38% BTC.TOP 515 11.00% ViaBTC 509 10.87% unknown 335 7.15% DiscusFish / F2Pool 324 6.92% BTCC 177 3.78% Most of them operate in EU, US some of them in China. Please look at the link. www.blocktrail.com We have to now figure it out where most miners located are. We haven't found 100% reliable data but here is something helpful. Distribution of the nodes in the world. bitnodes.earn.com So here is looks on numbers: Country____Percentage/share__Cost/mining 1 BTC in USD USA________23,66____________4758 Germany____18,22____________14275 China_______9,83_____________3172 France______6,04_____________7930 Netherlands__4,53_____________9449 UK_________ 3,61____________ 8402 Canada_____3,57____________3965 Russia______3,34____________ 4675 Unknown___2,88____________6951 Singapore__2,14_____________5936 We can assume that diggers/miners/rigs are more or less same distributed as the nodes. When we calculate the weighted average (depending on the methodology as we did not take all the countries into account) we have minimum price when it is even profitable. We range from 5874$ to 7530$. When price significantly dips someone has to take action (Satoshi Nakamoto?) and buy BTC to get the level of the BTC price when digging will be profitable again. Satoshi Nakamoto takes care of that business to run smoothly as much as possible. Without adequete price there will be no network. Without network there will be no BTC. Without BTC many people/organisations (including Satoshi Nakamoto) will be totally broke. We had such dip on 5th February 2018 and 1st of April 2018 when price was around 6000$. It bounced back very quickly to the higher levels. HUGS! WBM Team
BITFINEX:BTCUSD
by WBM_Team
4
Ethereum: Bitcoin crash, fundamental catalysts and time at modeWe finally have a new mode in ETHXBT. The last 4h bar has 2 hours to go, but is already over the mode. If it closes there it'll confirm an uptrend signal. Add to this the fundamental catalyst of BTCUSD crashing because of the Bitcoin XT fork, problems regarding consensus between Bitcoin developers, an alleged post by Satoshi Nakamoto himself complaning about it and we have the perfect storm... Rgmov is signaling an emerging uptrend CCI moved past +100 Proportionality is fine for a trending impulse Confirming time at mode uptrend on close Lowest high trendline holding Rising volume with rising prices Fundamental catalyst for a paradigm shift I bought more here, I was going to short BItcoin but I went long ETH instead. Time is at the minimum required for a wave 3 advance to maintain proportionality. Grab your popcorn and soda, Good luck to us all, Ivan.
Long
by IvanLabrie
83