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Segwit2x

BTCUSD - No Gravity (B2X) Go Long just because it is rightI think the ability to be self critical about our opinions and viewpoints is key to making our decisions in trading and life better. As many TA's out there are saying I agree this market should be apexing, from all TA reasoning its over bought and is overdue a massive correction. I said I think we are peaking at 7,200 and that 7k wouldn't hold in a previous trading post. If we open our eyes and see what is actually occurring with price action and what the market is telling us through this price action and the try to look deeper and understand it rather than hold to our viewpoints and stand back in disbelieve maybe we can learn something. I believe we are in a sort of market vacuum right now where the price is artificially high due to people holding for Segwit2x as well as constant influx of new buyers in the market, AND larger players using this offer side thinness in their favor by pushing this momentum into a huge upward move. Everyone sees BTC going up and up and knows something is a bit strange with this price action, by all traditional reason even if with a exponentially growing market it doesn't add up. You look at the over the volume of BTC being traded in exchanges and it doesn't add up to this move. I believe this October/November move might be one of the last chances for the market whales to control the market so fully as CME coming into play later this year. When CME comes into play effective market hedging should give some insulation against massive price movements. I believe BTC will not and almost can not sell off before Nov 15th and there is a constant gentle push upward by overall buying trend and light market offers. Look for all hell to break lose around Nov 15-20 after the fork. We really don't know which side will win at this point. Seems like current Bitcoin classic is favored but from the outside we don't know the underlying agreements that have been made between the major influencers, whales, and the minors. We could be in for a surprise, as we all know anything is possible. So instead of sitting on the sidelines with my mouth agape, I am going to go long with a 2.618 target range of 8,500, but a take profit of 8,200, as I feel this is achievable even if momentum slows some over the next week. Stop loss of 7,250 and/or time stop of Nov 13th whichever is first.
BITSTAMP:BTCUSDLong
by lewistz
3
BTC bull trend is over. Price will drop.As you know, I do not short Bitcoin often. I wait for an opportunity for a re-entry and always make long positions. According to my analysis, bull trend is over and price will drop. You can either short BTC, or wait for a re-entry position for long. Tom Demark count gave a green 9 on the daily chart. This means bull trend is over. I expect up to 9 days of down trend starting from tomorrow. Which means we might have a down trend till 16th of November (Segwit2x hardfork date). Stoch RSI is overbought and price hit the upper bollinger bands, which confirm my time analysis. Here is my forecast: Scenario 1: Price will drop to 0.5 fibonacci level 6800 and will rise from there. Scenario 2: 6800 will not hold as it is not a strong support area and price will drop to 5725 major support area. Worst Cast Scenario: 5725 will not hold and price will drop to 4765 - next strong support area. I think Scenario 2 is more likely. Here is the trading idea for shorters: Short at: 7500 Take profit at: 6800 Stop loss: 7800
BITMEX:BTCUSD.PShort
by EylemCulculoglu
2
Long Bitcoin CashWho knows what will happen to BTC come November 17th. What we do know is by November 13th Bitcoin Cash will fork to adjust its hash rate difficulty algorithm. "The original Bitcoin Cash “EDA” allowed Bitcoin Cash to survive as a minority chain but produces wild fluctuations of hashrate. This is problematic because it prevents consistently fast confirmations for users, and radically shifts the coin issuance schedule." www.bitcoinabc.org The new upgraded Bitcoin Cash will have one less reason to not buy it. A common argument why Bitcoin cash is a bad payment vehicle is due to the wild fluctuations in the hash rate producing variable transaction confirmation times for end users. November 17th Bitcoin forks into two chains; Bitcoin (b1x) as it is today with 1mb blocks and Bitcoin Segwit2x (b2x) which is the same as today but with 8mb blocks. The community is torn on which fork to support. November 17th we may have 3 versions of bitcoin. b1x, b2x, and BCH. BCH will have had its difficulty adjustment fork and will be a more stable blockchain. Ever wonder why in the USA we only allow two primary candidates to run for president? When two dogs fight the third gets the bone.
BLong
by investing_alt
4
Ethereum - A Contender for the Crown, or Impending Ice Age?One of the fellows following me asked me about Ethereum, and in the process of answering his question, I started on the analysis and figured I'd just finish it and post it. Ethereum is a coin that I was really interested in when I first came back to crypto in July. As time has gone on and all of this bubble has played out, I have become increasingly bearish on it for the following reasons. Ethereum is a solid project and Vitalik is a very capable and respectable guy. That being said, the value of this token intrinsically is actually pretty small, as one can quite easily see that the reason Ether has scaled in value is from demand and hype from the ICO phase, along with the potential that Ether could possibly dethrone Bitcoin's first mover advantage. The ICO phase is now completely destroyed and will never return. The bag holders it has left behind will never return to crypto and never be able to recover their losses, and that's not even counting those who got ripped off amidst scams. It seems virtually none of the dApps that have come out are particularly groundbreaking or real-world usage to justify the enormous market cap they were once demanding. Arguably the best coin in ERC20 was OmiseGO, and that token is in brutal falling knife decline. Worse is, when it comes to the idea of "The Flippening", Ethereum has a fundamental problem in this upcoming challenge because Bitcoin Core (BCore)/Blockstream has planted the BGold fork with a Proof of Work change to GPU mining. This means that if the day comes where the Bitcoin Core blockchain loses hashpower to Bitcoin Cash or Segwit2x and BCore parachutes to BGold, Ethereum will eat nuclear pain via multiple red candles because it'll lose its GPU mining network to BGold as BGold pumps in profitability. Furthermore, think about it: What's the difference between Ethereum and Ethereum Classic? Ethereum Classic is ~$10 and Ethereum is $300. I realize the history of the fork and the differences between the two, but there is absolutely _not_ 2900% benefit to ETH over ETC, and so ETC pricing could be something that ETH returns to in the future. Looking at the technicals we're in an ascending triangle and Ether should be building pressure to retest the ATH line. Ideally, the ATH line should be flat, but we can see the last run towards $400+ was anemic even amidst bubble mania. Right now, on the 6H chart, we have a red kumo twist, it has broken the bull run trendline from $16, and both MAs of Willy21 and Stoch RSI show downward, collapsing momentum, and momentum just logged its first purple tick. (Edit: This has changed since I prepared this post last night). All this is great, but keep in mind, this pattern is not surprising for consolodation either, attracts a lot of short sellers, and can be squeezed very hard. With everyone throwing their hat in the ring for who can become "Bitcoin" in November, I'm sure Ether will make itself known. But right now, neither price actions nor fundamentals are looking particularly healthy for it. I wrote this last night and didn't publish it. In the mean time, Ethereum just had a nice spike and may be waking up for exactly the scenario above. A breakout above $325 would be indicative of a new run. However, for the size of breakout it is (small), it's extended the oscillators pretty far, so it may end up failing and breaking down quicker than it looks, and it may continue to break out upwards.
BITFINEX:ETHUSD
by RiversAndMountains
11
Bitcoin Cash - Bitcoin Spirit, $450 Body; Think Tiny BullImportant Reading for Anyone Interested in Bitcoin Cash: www.reddit.com A history of the Bitcoin community over the last few years and how this day came to be. It's absolutely worth your time to read all of it, all the links, and make up your mind as to where you want to stand at this stage of history. I will admit that my estimate in entry points was completely wiped out by tremendous bullish momentum. As of writing, South Korean volume was $557MM today for Bitcoin Cash, whereas Bitcoin Core was $266MM on HitBTC and $152MM on Bitfinex. If you think about the implications of this as the November fork drama approaches... The advice that I will give you to you on Bitcoin Cash is most simple: do not short Bitcoin Cash. Why? It is a tiny bull that has yet to grow into its full form. Think those little sponge animals that when you throw them into water, poof. Shorting Bitcoin Cash is a fantastic way to get a call from your good friend margin. The $500 mark is a big mark as it represents both a former point of resistance and the return above a historical downtrend line. If it breaks through that, next target is $549 previous resistance, which I would assume would be smashed through, and then after that $730. When to buy? Buy a dip. Make sure you have strong hands. It _will_ dip. It _will_ retrace. Just keep in mind when bull runs are very manic, they can go up in a straight line for a long time with very few retracements. This is the benefit of strong hands. Frankly, buying a breakout is fine too. Remember, in people's minds, and in reality, this is something that is very very much Bitcoin and is still selling for $400-$500 while Core is selling for $6,000. Once this hits a more feverish pitch, the fib uptrace lines are going to be smashed through as the blue (green) candles are straight lines. Segwit2X Futures have been moving on HitBTC at $1,000 today: coinmarketcap.com . Bitcoin Cash as it stands today is worth tremendously more than Segwit2x with what it has, where it came from, and the fact it has first-mover advantage against other forks. Think about it.
BLong
by RiversAndMountains
22
Temporary pullback to new ATH before B2X forkCompletely new to trading (august 2017) & this is my first prediction. Would love some input. I believe we will continue the bullish run after a short pullback, and that we will se new ATH before the B2X fork. We will probably see more people buy in before the fork than what we saw for BTG, followed by the now typical sell off. We just tested the 23% retracement and might se a head and shoulders pattern forming before retracing to 38% followed by new ATH (between 6500-7500 USD). I'm considering placing a buy order at 5000 USD (and a smaller safety one around 4600 in case there is a flash crash and I'm not quick to respond). And maybe locking in some profits around 6500-7500, just after the fork (or before if I see a good alt deal). Thoughts?
BITFINEX:BTCUSD
by emjo
1
Bitcoin Cash - The Train is Leaving the Station; Entry PointsBitcoin Cash has broken the major historical downtrend line convincingly and has come to its first major resistance point, $400. It looks like we're forming a classic cup and handle pattern which is often characterized by some price discovery, taking profits, selling off, before breaking upwards, retesting resistance, and breaking out. All of this is pretty normal and a very healthy pattern. If you are looking to enter, sweet zones will be in the $367 and $345 range with next target being the 1.618 fib uptrace, which conveniently aligns with a prior resistance point. Charted entry is based on being able to get $340ish. Adjust appropriately if you enter in the $360s. Ideally on this you'd only want to stop out if it falls back through the major downtrend line convincingly. I think chances of that happening with the November drama coming is very slim since I believe Cash's major players and the large movers that have been accumulating will want Bitcoin Cash to be bullish so it can contend for the title, and in such a vastly oversold market, they're definitely in control. Enter: ~$340 Stop: $295 Target: $460 Risk-to-Reward: 2.54
BLong
by RiversAndMountains
21
Bitcoin - Maybe This Time, Don't Buy the DipThe Bitcoin Core chain stands at the end of time. Why does it stand at the end of time? There is a lot of politics around this issue, and I don't care to argue about them. You do your own research. Where you put your money is your business. In the end, whether Core remains the champion, or Core dies as Bitcoin Cash or Segwit2x become the incumbent, where you put your money is your business. I recommend both hedging and investing in Bitcoin Cash. You can say what you want about that recommendation. Posterity will evidence the truth, and if you miss the train, well, it's up to each person to discern the truth in this muddy world where pearls and fish eyes are mixed together. A lot of the smarter money than I am has been telling me lately that the longer term charts are what matters the most. In the range of 6H-12H-1D. I do tend to cycle between time frames, as a chart is a giant living fractal, but there's some interesting things to see on the macro term. The white lines on the graph are all major trend lines drawn from the 1D chart. Where we are right now is in an ever-weakening ascending wedge in the long term, and our short term channel is also an ascending wedge. These patterns do not bounce indefinitely and will either break down or break up. The previous two channels followed a similar path before breaking down, dropping below the cloud, bouncing, and regaining momentum for a new ATH. Right now for where we stand, for the pattern to complete, in terms of time we would be looking at a big dump coming in the range of immediately to early November before bouncing. And then when it bounces it would be projected to bounce somewhere in the range of $7500. In the middle of November. Amidst all the hard fork drama. That time line neither makes sense with the fork nor does it fit the trajectory from the other ATHs. Also, when you look at the longer-term graph, the size of this final ATH wave was really quite aenemic compared to the size of the waves in the previous two, although the volume was much higher. Patterns fail and break down. So what to do if Bitcoin Core, after a year of parabolic 1000% growth, actually collapses through its trendlines and enters a long term bear market? Think about all of the alts you've been bag holding for the last 2.5 months, how the volume is low, nothing is ever happening, there are never any gains, you're only catching falling knives, it's only getting sold off, and every rally gets nuked immediately. If you have traded alts in the last 3 months, you have been enduring the future Bitcoin bear market. There are no bullish indicators on the 12 hour chart to be seen, and in fact squeeze momentum has finally logged a negative blip. The purple moving average line of Willy is descending, not ascending, and stoch is on the floor, which is a pattern consistent with the previous two breakdowns as well. There is a very high chance that the Bitcoin Gold scamcoin was planted as the proof of work parachute for Core to switch to if Core does indeed lose hashpower to Bitcoin Cash or S2x. You can see something is up because Bitfinex, a place that is religiously on the same side of the river on every issue as Core, still has Bitcoin Cash labelled as "BCash", but somehow gave BGold its full name. I had felt the entire time we had repumped up here that Bitcoin price movement was a bump and run and an exit strategy and something were amiss. And because of that, there is actually a major chance we get repumped in November as Core's faction attempts to make the Core chain establish dominance and prepares their final move. But that being said, this time there are major risks it crashes through the pattern and enters a very perilous freefall. The future of cryptocurrency is bright. However, Bitcoin Core is very unlikely to retain its first mover advantage. Bitcoin itself will. Right now it's somewhat mis-labelled as "Bitcoin Cash", but time heals all wounds.
BITMEX:BTCUSD.PShort
by RiversAndMountains
Bitcoin prediction till April 2018Grap some Bitcoin now @ $5500 Sell them on 16 november, 1 minute after the fork Buy them back mid december Sell them again in februari, and enjoy your 175% profits in 4 months! Buy them again on 1 april for another 125% profits in 2 months... no joke! It can be so easy.. life... and if you are to close whit your eyes, it looks so confusing... Look at it in the big picture, a evolution is happening, make part of it! Note: Or invest in Tokencard around 20k sat, and get 800% gains in the coming 4 months, thats my way!
BITFINEX:BTCUSD
by bcjvandeven
1
Bitcoin Cash - An Arguably Mandatory HedgeWhat's most important in trading is protecting your money. Politics do not matter, and actually can be a clever tactic that's used to have people part with their money unknowingly. With the upcoming November S2X potential fork, Bitcoin Core faces a very real potential black swan. Why? Because Bitcoin Core is only able to retarget difficulty every 2016 blocks, regardless of how long those blocks take to be found. What this means is that if Bitcoin Core loses a lot of hashpower in late October or November to either S2X or Bitcoin Cash, that the Bitcoin Core chain may pile up beyond salvation with unconfirmed transactions and will be unable to extricate itself from the ensuing death spiral even if it miraculously received a difficulty re-target because of the 1MB block size. Thus, it's important for every single Bitcoin Core holder to hold a hedge for this potential event, in my opinion. Bitcoin Cash was claimed by many to be a pump and dump scheme that would quickly become worthless (They were two months too early in predicting "Bitcoin Gold" for that allegation). Despite that, in August, Bitcoin Cash went on one of the most manic runs seen in crypto and tripled in value and has slowly downtrended ever since. It has since broken out, under tremendous volume, the most recent downtrend line, and unlike previous false breakouts, has held multiple 4H candles above the trend, but between the major trendline, while also still being in a resistance cloud. At $400 or less, Bitcoin Cash is an extremely, extremely easy buy and hold hedge for say 5-30% of your Bitcoin position. If nothing else, there are very, very realistic chances the $400-435 trendline will be retested. If (when, in my opinion) Bitcoin Cash breaks out, it will be the mania that vortexes new money and users into crypto. Why? Because Bitcoin Cash, according to Bitcoin.com itself, is Bitcoin. And for one of the very rare times in history, everyone knows what Bitcoin Cash is worth if it becomes Bitcoin ($5,000+). Greed and fever will set in when Bitcoin Cash breaks $1,000. Even Bitcoin Core has not seen the level of parabolic hysterical fever that is coming. I'm making the call now: Bitcoin Cash's current breakout is 100% real. The bull flag, volume, and lack of hysterical Z-Cash style pump are all major indicators. It is by no means finished. Cash will revisit $700 in the very short term future, and will suddenly make itself very, very relevant in the discussion of which chain will wear the Crown in November. I even put the rocketship icon on the chart for posterity. Bitcoin Cash is the biggest bear trap in crypto history, and right now you're getting in the range of a 15-20:1 overlay on your BTC.
BLong
by RiversAndMountains
10
LTC Head and Shoulders or something else?From our 1 day (24hr) Litecoin chart we can see we have formed a somewhat Head and Shoulders pattern. I do expect to see a drop but I don't think by a whole lot. My reason behind that is because the Total Market Capitalisation of the entire market hasn't really gone up or down enough, its been rather similar even though the alt coins have taken a bit of a hit. While they've gone down Bitcoin has slowly gone up. The most logical exploitation I have for that is because for every Bitcoin someone is holding on October 25th they will receive 1 Bitcoin Gold (BCG). Basically it seems people are converting back to BTC in hope that these coins will be worth something when released. Then there is another hard fork in November which again could mean more free coins. The risk is though unlike with the Bitcoin Cash hard fork is a price hasn't been set yet so they could "open at 0.02 or they could open att 0.0000002." and that was coming from one of the developers. Thgy then go on to say that obviously they believe in their product and think it could be a true contender with Bitcoin (but everyone says that.) You wouldn't watch a T.V show if the commercial said "this season is maybe the 3rd biggest and best season so far, cause we all remember season 2 was sick!" no its always "This is the most epic and adventurous season yet!" But back to the Litecoin business I reckon while the focus is on withdrawing from alts and putting into bitcoin, if you're like many maybe try get a few sneaky bitcoins saved up but be ready to spend them back on alt as soon as your locked in too get BCG. If you can move some things arounf and don't wanna risk losing on the massive bounce thatll come, maybe sell some portions for some Bitcoin and try either get some fresh money in btc or alts while alts are down. If your an OG sit back relax and look for some cheaps allts you know will bounce after this *cough litecoin cough monero cough IOC 20daays til DION wallet release cough IOTA cough* sorry for my coughing. So im going short in the short term until this Segwit saga is over. Then I'm long as over the 3-6 month period.
by donmecha