I TALK #BITCOINCASH #BCH #ROGERVER PEER TO PEER #CASH NETWORKABIT ABOUT ITS HISTORY
AND ATTEMPT TO CHART A TREND FIB BEFORE THE TIMER! LOL
Segwit2x
Macro and Micro H&S forming. Potential bear reversal.Obviously we will have to wait for these patterns to develop fully, but I am seeing the potential formation of a micro-trend H&S mimicking the one we saw after first testing $5000. In addition, there is potentially a macro-scale HS& forming with $6000 being the head and $3500 being the potential neckline. This is all leading into Segwit2x hardfork mid November. Not sure if this is relevant, but the last bear market we saw a drop from $1100 highs to ~$160 bottom, or a 85% decline. The price target for the macro H&S is roughly $1000, which would be a 83% decline from $6000.
Just something to keep an eye on. We don't know what impact Segwit2x will have on the market, but I imagine it will shake things up a bit more than the past two hard forks. Awareness is key in these crazy markets.
*This is not intended to be trading advice, and should not be taken as such. You should do your own analysis and trade based on your opinions formed individually*
Bitcoin Cash - Daybreak(Trade thread on Yours.org (check my signature) will be posted in a while)
It's been a while since there's been an opportunity for a long trade on Bitcoin Cash, in terms of what's safe and responsible to call at least.
Looks like we've found that situation.
BCH has diverged from BTC primarily because the BCHBTC pair has finally broken out above 0.18, MMs have absorbed the dumps, and have continued to push price up.
BCHUSD price has followed in kind.
This trade is best traded on a 6H candle closing above the wedge line at $2,550
That being said, it may move too fast for that, so I recommend taking a 50% sizing of your normal trading position now and filling the rest on a minimum of a 1H close over $2,600.
Target will be the 0.236 Fib at $3,500 and the prior high at $4,000.
However, if price action reaches these goals we will have to reconsider at the time.
STOP should be strictly adhered to at $2,300 to account for pullback.
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Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
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BTC new pump before hardfork Segwit2x + free BT2Risk: Low
Dear followers,
After the healthy correction, which I already mentioned in previous ideas. BTC perfectly bounced its new trendline, and formed a strong support. Besides that, I will not be surprised if BTC will rise faster than BCC next days, because of the hard fork Segwit2x december 28th. Besides that we will collect our free BT2.
Target 1: 15800 (20ma)
Target 2: 16700 (200ma hourly) Not on this chart
Target 3: 19120
SL: 12700
Fundamentals: Segwit2x hardfork
Please, follow and like for more trading ideas.
Questions? Feel free to ask and your feedback is welcome and enjoy your turkey tonight! (Or something els ;))
Bitcoin Cash - Surviving Market Corrections(Verbose post coming to Yours.org shortly (in my signature))
So, this is reality. Yes, crypto is a long-term big bull run that’s nowhere near global adoption levels. That is the truth. However, there’s a saying everyone has heard before:
"The market can stay irrational longer than you can stay solvent."
Time frame is what matters. Over the course of 2018, I’m sure we’ll see even greater parabolic growth in crypto. The question is, if markets correct, can you survive until then?
I survived the September and October bear markets. I didn’t trade it particularly well and took some pretty big hits to my positions and wealth and even though in the end everything is fine and I have quite solid gains for the year, the losses generated then cost me gains I can’t recover during this bull run.
Here’s a reality check for you if you’re one of the “lol it’s crypto noob markets correct noob” camp.
Price just went from $4,100 --> $1,600 in 2 days 6 hours.
We just experienced a substantially more violent correction than October panic was. This is not unique to Bitcoin Cash, as all markets suffered the same fate with the exception of a few outlier shitcoins.
What it does tell you though is that the bull run is over until proven otherwise .
This is a key premise that you must accept.
The fastest way to lose money trading is to be trading in the wrong direction.
This Idea is a longer-term idea and does not comprise a shorter-term trading strategy. I will be posting shorter-term trades while also updating this one.
I am not saying that this pattern will happen, but amidst major market correction, it is something you absolutely must be prepared for.
People have smugly forgotten or don't know what "buying the dip" is about when the trend is no longer up.
Unfortunately for Bitcoin Cash, until something fundamental diverges, it will correct as well as BTFee drags all markets with it.
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Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
dafoh.org
BTC - Bitcoin fork, what to do? - AltcoinsOk so the segwit2x fork is going to occur within few hours. Every person holding BTC will receive B2X with a 1:1 ratio. Meaning if you have 1 bitcoin you will receive 1 B2X. If you have 0.3 BTC you will get 0.3 B2X.
No you don't need to do any action to get the B2X coin. After few weeks from today exchanges will start adding B2X so you will be able to trade it. Current price of B2X is 382$, this however will change a lot later on.
Ok so if you have any alt coin right now, at the time of the fork you won't get B2X. Because of that I'm expecting alts to go down as everybody is trying to get the free B2X coin. Then right after the fork they will reinvest in alts.
Also BTC might start its correction/price retraction right after the fork.
Personally I'm going to stay away from alts until the fork is over then determine what to do after based on the situation.
DCFreak.
Waiting for Segwit2xBTC failed on Fibonacci 23.60%. At present the most evident formation is a symmetrical triagle and MA200 and MA50 are in bearish trend.
Important factor will be Segwit2x scheduled for tomorrow.
We'll wait.
BT2 fork is in few days ;)The BT2 fork is in few days and the 5th wave is missing there I go long, aiming for a price targert of around 900$!
Bitcoin Cash - What if Today is the Day the Dragon is Slain?Bitcoin Cash has had a bit of a bullish run the last few days. That being said, we all know about possible Dragonslaying and Cashening scenarios. But, when are they? Where could they be? Many things are hard to decipher and hard to see.
Bitcoin Legacy just had its difficulty adjustment. 18% up to a new all time high. There's a lot to talk about, more than I can talk about here. You can check out my Yours blog in my signature if you want a deep dive into the analysis of the situation today. Please keep in mind today's Yours is fundamental/situational analysis and not a trade structure.
Regarding price action, Cash is actually doing pretty well considering all the Tethered mania around IOTA and Bitcoin Legacy. We are in a descending channel formed by the downtrend line from the previous $1720 double top and the recent two lows. Price action is starting to form a potential bottoming/reversal pattern, even though it's at the bottom of the Kumo.
We still trade slightly below the 0.382 retracement, but considering the nature and origin of yesterday's price action, along with the $200 difference in trading value between Finex and Korea, you have to evaluate things within the context of the situation at hand.
Willy21 shows very oversold on both averages and selling momentum appears to be tapering off.
Bitcoin Legacy may be at a top after dropping $600 in an hour.
So, how to trade?
The reality is that long entries should happen on a breakout of the local downtrend line at $1560. You must wait for a 1H+ candle to close above this trendline as confirmation for a safe trade. This resistance must be broken through and it's also the densest volume profile area. What we're looking for is the $1600 mark to transform into a resistance-becomes-support situation.
Fundamentally, you should not invest in coins because they're pumping. You should not invest in coins because of Cashening or Dragonslayer situations, either. You should invest in coins because of fundamentals, and the reality is that Bitcoin Cash has one of the strongest, brightest, and best organic and natural communities in all of crypto. Possibly the best and most legit natural community.
What does this mean? This means that growth in your investment is not reliant on conspiracies or manipulation. Instead, it's reliant on achieving the organic, critical masss from merchant and human adoption. It's something spreading like wildfire, faster than most people can see.
By the time they see the smoke, there will already be fire.
When there's fire, Bitcoin Cash will never see a four digit number starting with "1" again.
Regarding Bitmex holdings, Bitmex only has about 13,500 Bitcoin Cash in their holdings, as they weren't that big August 1. Xapo dumped nearly 100,000 yesterday. Bitmex has not moved their coins yet. What's curious about this is _why_, and I discuss that in my Yours article.
Come and join the Bitcoin Cash Fund community chat and get involved
chat.thebitcoincash.fund
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Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party: (dafoh.org)
Bitcoin fork is great opportunity to buyBicoin fork on 16th November will be great opportunity to buy Bitcoin since you will recieve also Bitcoin SegWit2x which seems to be poised to have value of about 20 % of Bitcoin . Most likely classic Bitcoin will shortly fall down (another buy opportunity) before it will rise again as it happened in previous forks.
More about the fork can be seen on my steemit blog: steemit.com
THE MOMENT OF TRUTHTHERE'S MUCH GROUND TO COVER. HERE ARE SOME TIPS I WROTE TO KEEP MY SANITY. HOPEFULLY THEY HELP YOU.
1. Stagger ALL Buys and Sells
2. Cut losses if you need to, but don't jump back in when you do
3.Don't EVER buy Higher than you sold
4. USE THE BUY AND SELL INDICATORS
5. Hold your position firm. You are gambling on this one, so assume your money is already gone. Now play like there's nothing to lose.
6. Stop Trading using anything less that 30 minute candles. It'll fuck with your head.
7. Relax, Breathe, Make Money, Have Fun.
BTC:
13FXp5MGwZ7poLPx2KsnaKPNZHquQgsxUq
Bitcoin Segwit2XA simple prediction of BTC going through the contentious chain split and important fibs to watch.
BitcoinCash - The dark horse in this race?Meanwhile BTC is showing other coins who's da boss, BCH is gaining sick volume in South Korean exchanges. If this is contagious to other exchanges we might see really interesting race between BTC and BCH.
It might just bounce in lower trendline or even break below it, if volume starts to drop. Another option is that BCH goes parabolic. If that happens, no one knows what can happen.
I'm not BCH fanboy, but it sure have some better tech then BTC and is way more secured then SegWit2x with already bigger block size. Problem is that miners haven't adapted to BCH, but it is Chinese fork so who knows what might happen.
Feel free to comment and share ideas what will happen during this 2 week before SegWit2x fork will happen.
closing Gavestone doji? if so time to test the $5000 area!!SegWit2x hard fork has been cancelled profit taking has started, we had a textbook reversal doji with a red 9 couple days ago, if this days candle closes as a gravestone doji there would no better indicator for trend reversal.
Bitcoin: Correction PhaseHow is everything doing lately? The crypto market have been very hot lately with bitcoin on a killing spree. However, not every spree last forever. Especially if what it was offering before, B2X coins, are no more. We should see Bitcoin correcting itself to previous level before the event. Money will start flowing back into alt coins, making Bitcoin correct to a fairer price. Now I am bullish on Bitcoin long term, but I do believe a healthy correction to show support and demand is needed to sustain this growth. If you have been watching my videos on youtube. I explained why I am bearish on bitcoin for the short term and my prediction of what just happened before it happened.
Bitcoin finished it 5 wave structure already, completing an overall big 1st wave. We are now entering phase 2, which will be a correction leading up to the biggest run we are about to see in history. It just happens the biggest run is now potentially having institutional money involve in 2018, further signaling a big run soon. All in all, be prepared. What are your thoughts?
Trade with care.
Youtube: www.youtube.com
BTC done for now, my projection until XmasWell, that was interesting. And unexpected.
1. Segwit fork cancelled
That crazy segwit fork that no one really wanted anymore? Got cancelled just now. All the people that accumulated bitcoin in anticipation of the fork (like, getting out of alt-coins), well, no fork = no need to hold BTC for the fork.
2. BTC reached new ATH
Right at about the same time segwit got cancelled, BTC reached a new all time high. This A.T.H. was just about exactly what was expected: 1 september A.T.H. of $4930 times 1.61 (fibonaci) = $7935. Just like that 1 september A.T.H. was the June 11 A.T.H. of $3000 times 1.61.
My guess is that large bitcoin holders just decided to quickly push the BTC price onwards to this A.T.H. just to get a lot of uncertainty out of the market. It shot up from $7474 to $7888 in 30 minutes time and withdrew almost immediately.
All the people that held bitcoin in anticipation of this fibonaci all time high, well, fibonaci A.T.H. reached = BTC going down for the correction, just like it did in the previous cycles.
At this very moment, it's likely that a quite some BTC holders are still unaware of the all time high and the cancellation of the segwit fork, or not able to act on it yet (being at work, sleeping, driving etc). I therefore expect a further sharp decline in the coming hours
3. Alt-coins bottomed out
With a lot of people swapping alt-coins for BTC in anticipation of the 25 oct Bitcoin Gold fork and the (now) cancelled Segwit-fork, many alts have bottomed out. There's a lot of fuel for a new upswing all over the place. Most alts shot up after the fork cancellation and bitcoin A.T.H. and will imho continue to do so in the coming days.
So I'm expecting a BTC correction following a somewhat similar pattern like after the A.T.H.'s of 1 september ($4930) and 11 june ($3000). However, since it this current cycle has been a bit overextended thanks to the segwit fork timing, the bearish period could be shorter than usual.
If the previous 2-month cycles repeat, it's possible that a new A.T.H. of about >10K could be reached somewhere among Xmas en New Year. Fibonaci puts it at about 7935*1.61 = 12.7K but I would not bet on these cycles staying 100% predictable forever.
/edit - Disgusting. Xmas has apparently become so commercial it even has its own stock symbol :)
Market reacts to segwit 2x Caceling - Correction Waves start?Did the Canceling of Segwit2 just provoked correction waves ?
Stochastic looks overbought
Will the original trend pursuit or will trend go back in the channel?
What do you think?
BTC - Head and Shoulders - be prepared for the ShortBTC head and shoulders formation. Signaling trend reversal. The moment is coming. As I stated in previous analysis in my view BTC will not full correct until we get through Segwit2x, the chart is playing nicely into this timing of Nov 15-16 start of correction. A week seems a long way away now though. Perhaps BTC slips sideways range bound until then or makes another reach higher, but I think it will fail at 7,350-resistance level. I think ultimatly we will see correction to Fibonacci retracement level of .382 ( 5,700-5,800) or lower. This is an exciting week to trade BTC and other alts.
Time to test the $5000 area!With the upcoming SegWit2x hard fork and the uncertainty relating replay protection there is good reason for profit taking, the top has been formed: textbook reversal doji with a red 9
LTC to rise on Segwit2x uncertaintyAs I had already mentioned in my DASH analysis BTC community is really uncomfortable right now with all this 2X disturbance and it looks like we can expect some capital flow from Bitcoin to alts in nearest future.
I personally consider LTC as the most conservative, stable and reliable altcoin. This is why I expect new rise of Litecoin around November 16 (expected Segwit2x hard fork point). It looks like the whole Eliott Wave rising pattern has been already initiated and the new stage is about to begin.
If you have any questions/suggestions guys, I'm happy to discuss
DASH to rise on Segwit2x uncertaintyBTC community is really uncomfortable right now with all this 2X disturbance and it looks like we can expect some capital flow from Bitcoin to alts in nearest future. November 16 is expected hard fork point and it looks like new wave of DASH rise can be expected near this date.
P.S. Me myself redistributed 40% of my BTC to LTC, ETH, DASH and XRP.
If you have any questions/suggestions guys, I'm happy to discuss
