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Segwit

Bitcoin summer fundamental and technical analysisHello everyone! On the fundamentals side : I believe the altcoin/token bubble is over. Most of the altcoin charts I see point down and the same goes for Bitcoin. I am of the opinion that this bubble popping will bring Bitcoin down with it (but to a much lesser extend). Also, as you might have heard, Bitcoin has had a problem upgrading due to some miners blocking the upgrade. However, this will probably come to an end in August either in a 'peaceful' or a 'violent' way. The situation will be getting clearer and clearer by late July and early August, but for me the outcome is pretty much very certain : Segwit (the so much anticipated upgrade), will kick in smoothly in August. That alone could pump the price by 2k in less than a week. The issue is when will we know for sure? Unfortunately only a few players will know precisely when, so the only thing we can do is trade based on price behaviour or buy and hold below 2000$ (or if you have the stomach, buy now.) On the techical side : I think the bear trend has started for good. My momentum indicators are pointing down. Price failed to make new highs and fell after hitting hard resistance. If the 2200-2300 levels don't hold, we are in serious trouble. These are good short term levels to go long, but not ideal for longer timeframes. Below I created some tradingview images using various charts and exchanges, as I think that people shouldn't trade based only on one exchanges. My original chart is an average of the top 6 Bitcoin USD exchanges : Bitstamp, Bitfinex, Gemini, BTC-e, Kraken (LOL), Coinbase (LOL x2) BTCChina - This one shows that the support has broken and if the red line is broken, we are going down... Bitstamp 4H - Momentum + Oscillators - All bearish Bitstamp 1D - Momentum + Oscillators - All bearish Bitfinex log chart BTC-e log chart And finally this is a kinda complex chart I created, based on various non USD exchanges. You can see the pairs and the ratios I've used for each pair. The ratios are kinda arbitrary, but I've considered various factors before choosing them - i.e volumes, fees, withdrawal issues and geolocation. Somehow it seems to be working very very well, and by this I mean that former resistance becomes support and former support becomes resistance.
COINBASE:BTCUSDShort
by BitcoinMacro
10
Resistance holds, retesting supportFollowing what seemed to be a strong bull run, we found the strong layer of resistance that was expected at the $32 level. This layer of resistance corresponds to the upper trend line of the triangle that is formed from the pre-SegWit highs. Bulls stumbled a bit after a correction following the run up to the resistance at $32, this led to a stagnation period in which the market decided its direction. The price dip following this period corresponds to price dip that occurred on BTCUSD, as BTC reached resistance at the $3000 level. The drop rippled through the crypto-verse, and was felt on all alt-coin charts. A correction upward followed, and a bear flag appears to have formed. This could indicate a retest of support around the $27 level. My overall sentiment for this coin on the long term is bullish, so I am perceiving this retest of support (which is a solid layer IMO) as a great reloading zone. Load up on cheap LTC.
COINBASE:LTCUSDLong
by tl93
3
VTC/BTC Analysis (1d interval)I am making it a point to keep a close eye on SegWit activated coins, so as to chart their progress over the course of their technical development. VTC is the newest SegWit-activated coin, with 100% of all nodes signalling support. I am excited to see how atomic cross-chain swaps effect prices, and the overall advancement of the crypto-sphere. Here we have VTC in an upward channel that began with news of SegWit activation, a correction following activation (much like what occurred with LTC), followed by a series of channel-spanning waves. A good entry point will be 0.00015, which should be followed by a pump to 0.00025 - a solid 66% profit opportunity. We may spend some time in this channel while development teams work more on LN and other advancements. Ever skeptical, beware of a breakout below the established trend line (bottom of the channel). Once loading at the buy zone is complete, a stop loss at 0.00014 for safety. Overall sentiment for this coin is bullish, expect new highs by mid-month. Buy Zone: 0.00015000 BTC Stop Loss: 0.00014000 BTC Target 1: 0.00025000 BTC
VLong
by tl93
LTC long on double min.Good Morning, Technical: looking for a double min at 0.01160583 Fundamental: Litecoin is one of the main ledger, currently the only scalable. With SegWit and Bitcoin’s current block scaling deadlock, I see a potential for Litecoin to help Bitcoin break through this deadlock. (Charlie Lee) In any case if we look at market depth of the main exchange for ltc , we can see that many people yet don't understand the real potential of this coin or they haven't schedule a buy orders. I Personally believe in the potential of this project but I speak as a software developer and not as investor. The current general sentiment look negative or at least confused. So be careful not all the things of value, are successful in this world :)
Long
by Dn0
1
XBTEUR: If this is the top...We can expect a sideways consolidation, or, some kind of correction and retest of support, during the next month, as described here. Today, a support level held, and weekly is still in an uptrend for the next 3 weeks, technically, but sentiment was too positive before this drop, and we had already exceeded all weekly upside targets ahead of time, which usually points to a 'bubbly' situation. I reduced long exposure in $BTC to about 20% of the account, exactly 2 days ago. I am now looking to hedge the downside if necessary, on at least half the position, or maybe all of it. Good vehicles to do so are altcoin pairs like $ZECBTC, $ETHBTC, $DASHBTC, $XRPBTC, but you can also open shorts against fiat currencies if you trust exchanges with your money. As I pointed out in my previous post, the spreads closing (in relative performance terms during 1 year) signaled something was going on, it wasn't a normal occurrence. Like, everyone bought closing the spread up. Who's left to buy?... The fundamental situation is interesting but potentially dangerous. Litecoin's implementation of Segwit and the first Lightning network payment lit a fire of excitement, but it can also become a risk factor if this test were to fail. The first flaw that is found in this implementation will accelerate a decline in $BTC certainly, so, it is better to be prepared. Most people saw this as bullish, many were celebrating, people in my country were getting together, drinking champagne and celebrating $BTC's high prices, and $LTC's Segwit adoption like it was the 2nd coming. This was a sentiment red flag for me, which drove me to reduce exposure to be safe. Clearly, I was right so far, since prices fell more than 5% since then. Let's see how it evolves. Best of luck, Ivan Labrie.
Short
by IvanLabrie
35
Litecoin in bollinger band squeeze and rectangle formationThe blue triangle (lines W and X) forecasted a $2.50 cent move upward. Bottom of the current red rectangle (lines Y and Z) touched long term support line A (green). As the bollinger band squeezes, the rectangle forecasts a move of $1.90. We could find resistance at long term support line B (green) as well as diagonal trend line 1 (black) If weakness ensures and the RSI breaks down below its trendline, we could see the 100 day MA (pink line), red line Y and green line A as strong support. If we break through resistance, we could see $18 hit (kraken)
KRAKEN:LTCUSD
by FOMONOMO
Sell on SegWit newsWe all should know how things work out in crypto-kingdom. The composite man accumulates, the composite man unleashes hype, and the composite man dumps all during the run up and specially on hype peak. SegWit hype is running over, it is now clear that it will be soon locked up and deployed. Miner support is overwhelming. And we all should know too that anything will change neither upon SegWit activation nor even Lightning Network. Crypto use as a currency is almost zero yet, specially in altcoin space. So there won't suddenly appear tones of organic buyers trying to get some litoshis to make their internet buys. It's all hype. Moreover, now we start hearing those red signals comments all over the place: "Litecoin at 50 usd by weekend", "Litecoin at 100 usd by SegWit deployment"... That's usually means that reversal is approaching. That's how the market works, when everyone think they all gonna be rich soon without doubt, the end of the trend is near and the smart money is already leaving. Technically we have a huge regular bearish divergence in daily and and big (yet to be confirmed) hidden bear div in weekly chart. And it all happened at a resistance rejection. So this is basically an easy trade with high R/R. Entry: ~0.0119 Targets: 0.0099 & 0.0076 SL: New highs (+0.013) Good Luck and trade safe. Personal sincere advice : If you are still buying LTC, be careful. Don't become the new generation of Litecoin bagholders, taking profits is always wise (at least enough to break even)
Short
by bagofXMR
15
LTCEUR: If you're already long, there is pending upsideTo join this move, if you were looking to buy now, it is a bit late. The daily chart gave a signal, but there is always risk that the miners decide to remove hashrate and that would decrease the Segwit signaling %. To activate it, the hashrate signaling it has to be 75%, it's now around 70%, which got people excited. There is no guarantee miners don't go and make this drop, since it's as easy as flicking a switch... If you're long and in profit, trail stops giving the market some margin of error. Don't buy now if you missed it. There are always new trades. Timing is key gentlemen. Cheers, Ivan Labrie.
Long
by IvanLabrie
15
Litecoin to correct short term then continue up to old highsHolding LTC and waiting to buy on any weakness. LTC is forming a symmetrical triangle (red lines) within a larger symmetrical triangle (top red line and diagonal lines 3 and 4). MACD is indicating a continuation downward and the RSI is continuing to trend downward. If LTC breaks below the purple trendline and the red triangle we will enter zone C where line 3 and 38% retracement offer support. I suspect LTC breaches back toward zone D where it will meet the 100 day moving average, the 62% retracement, and long term support line x (green). We could see some sideways volatility with support line 4 as Strong support. Will look to accumulate around 0.01 BTC. If we break out of the red triangle right away, get ready for the next leg up.
Long
by FOMONOMO
Digibyte DGBBTC - Hidden Bullish Divergence & ST Cup & HandleDigibyte looking bullish short-term because it's in a Segwit activation period and looks like it will get the support. Don't know what to expect long-term or if the excitement will last beyond that, but in the short term there's pump potential if this gets some steam. Looks like a cup & handle forming, watch for a breakout past the neckline. Supported by the fact that there's a pretty clear Hidden Bullish Divergence on the Stochastic. As always, pay attention to bitcoin and be careful!
DLong
by Oops_I_Charted
My guess on LTC short-term advancementLTC was skyrocketing until Wang Chun tweeted the (now deleted) "I'm not sure about SegWit" tweet. It took 6 days for him to retract and clarify his position, and that's when buyers shot back in. Now instead of the steep frenzied increase in price, it looks like we're holding at a new casual increase. I'm guessing this will hold until either news comes in that SegWit is fully implemented or until the trend meets with the top of our current fib retracement levels around May 4th. Will it break up or down? I'm thinking that with the previous trends it will break up at least temporarily, but without news traders might get tired of waiting. Either that or I'm totally barking up the wrong tree and have no idea what I'm doing. :) May the Fourth be with us?
BITFINEX:LTCUSDLong
by Ratspeed