BTC is going to cream everyone then move to the sky.With all the added pressure on the currency market due to corona virus, Bitcoin is set to sail.
I predict that most economies are going to tank a lot further yet also.
It is not wise to buy yet, wait for all the "dumb money" to buy, get wiped out by market makers, then buy.
See how easy it is to see stop losses, do you not think that big institutions can't see them??? Liquidity for the taking.
I will be looking to buy coins around the orange price.
Also I will not be trading bitcoin, I will be buying the coins and storing them into a secure offline wallet. Must better to invest in bitcoin for long term than to try trade it.
This is long term idea and is NOT a trade but an INVESTMENT.
Smart
BTCUSD - Sell signalBTC showed a 4% candle to the downside. It found intermediate support at 8843 USD with a tiny pullback only to the .236 fib line.
After it got heavily rejected at 8200 USD It stayed well below the 9000 USD level, which gives us a solid selling signal in the short term.
By looking at the weekly (see below), this formation looks like a solid weekly high has been found.
If we find bearish follow through I expect the price to go further down to look for a new low to be set next week.
The most important level to watch is the recent weekly low at 8400 USD.
The question:
Will we see a higher low than that, favoring a bullish continuation on the weekly timeframe
or
will we see a lower low than 8400 USD which will put us to my personal favored accumulation zone 7800-8000 USD
Weekly Chart:
So if you have some BTC on an exchange that can be sold quickly, I think it's a good short opportunity in order to rebuy at lower levels.
Aggressive bulls could already buy in at 8400 USD, setting stop-loss below 7700 USD.
But still keep in mind that the 8k buy-in target is probably the best Risk/Reward Ratio you can get, if the price reaches this target.
NEXT MAJOR ESPECIALLY FOR YOU :) EURUSD 25/11/2019 GOD BLESS U!Hello Traders!
We would like to show you a game...
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs.
Targets are marked on the chart as a cross air.
Heart in the box - a place to jump in/out
PIG in the box - places to be aware of a few different types of reactions from this level
Target sign - the first target to focus on
Thunder sign - spot to react - possible jump to push into reversal
Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy.
Like it if it was helpful to you. We appreciate the likes and comments.
Provided feedback helps us with the future service. Got questions? Feel free to PM us!
Thank you for your attention,
GOD BLESS U ALL!
Buy the rumors sell the news. Real life example AUSSI VS LOONIEAfter last week's elections, relatively strong domestic data and perceptions of stable (or even stimulating) fiscal policies were sufficient to keep the doves in the bay for BOC and I assume loonie was performing well throughout months because this thing was already known by smart players. Most of the position was well placed in the loonie side for months by smart traders and was a " buy the rumors " case for market (hoping for steady monetary policy from the bank and rumors around buying in optimistic of BOC) and now when the actual date central bank had announced which also ended up being steady, no cut, no dovish and as expected! but market just turned opposite for the pair or we can say any pairs which have loonie as counter or base acted just opposite against the loonie and ended up being " sell the news " (even knowing it was steady release, no cut, no dovish now everything has already been priced in, juice sucked up so profit-booking by closing of position creating back new fresh demand in another side and doesn't matter what was released and what only matter was to sell on news). Priced reached in such a level where everyone fears to hold longer and where smart people thought good place to book the profit which creating good demand and is indeed in a demand level where nothing can stop from rising upward rather than falling back deep. Aussie has been doing well lately along with the EURUSD and GBPUSD and has a high potential for trending upward talking about the longer time horizon (which we can evaluate from AUDUSD performance). Oil future seems not well too and if loonie is really done, for now, juice has been sucked up months before then a pullback of this downtrend is what not a surprising thing which we may see in future days.
EURUSD - 1h Trade Idea (Short)Here we see a lot of equal highs and quite obviously retail traders got in seeing a resistance, putting their SLs right above the equal highs. Smart Money knows about Retail Mentality and they know where their SLs would be. They need these SLs to grab liquidity, the latest upwards movement cleared all the SLs, now I'm considering EU to go down as the banks have liquidity and they can go to the intended direction.
My view on BTCOK, I am mildly drunk making this... I am new to social media lololol
My current view on BTC and crypto,
BTC is the organic, original form of crypto currency. NO ONE knows what crypto currency is (in an economic and global phenomenal sense) it could become a global reserve currency or it could become simply a "millennial fad." The truth is is has been growing at an exponential rate since its inception. That is the only truth. That is the reality of it. It goes in wild swings from worth pennies to dollars, dollars to tens of dollars, from tens of dollars back to dollars, and from dollars to Hundreds of dollars. Bitcoin is a worldwide phenomenon.
I have been involved in bitcoin over the past 4 years. I remember Silk Road. I remember $75 bitcoin. I bought $75 dollar bitcoin.
I know one thing from bitcoin. Bitcoin provides. It has provided for me for over 3 years. It will continue to provide. It has never NOT provided. All it has taken is trust. Bitcoin EXISTS because of trust, our trust, my trust.
I trade alts, but you only trade alts so you can get MORE bitcoin. Everything is for Bitcoin, bitcoin is the connection between cryptocurrency and the world. It is the organic, original.
Many people on this site say it is going down, many analysts say that it is going to 3k, 4k, 5k. But I say BS!!!
Bitcoin will not cross 6k AGAIN. EVER. I know this because I will eat rice and beans before I sell a 6k bitcoin. No more hookers for me (I'm in NL it is legal yo!!!), no more restaurants, no more cigarettes *cry.... I will go bare bones lifestyle if BTC goes below 6k. RENT AND FOOD. RENT AND FOOD.
I am in ETH so that it hits .05 and I will be back in BTC. I am in XRP long to use as cashflow for the next few months, but I am in BTC for LIFE. I have been doing this longer than you, and I am in BTC for life. It is the one thing I've learned in this crypto trading game it is all for bitcoin. Everything is for more bitcoin.
To be honest, my past year I lost a goodly portion of my stake in bitcoin. I will not make that mistake again.
Sincerely,
Cocoadreamboy
VUZI - Stunna Shades of the FutureSeems like VUZI is on a bull run, solidified by the successful completion and pass of the FCC emissions requirements for it's Blade Smart Glasses on July 6th. It's started it's volume manufacturing, and will probably start its sales campaign soon. A company like this can easily be acquired by Google, or another huge tech company.
"Volume manufacturing of the Vuzix Blade Smart Glasses from our West Henrietta, NY facility has commenced. With FCC and EU certifications processes now complete we can commence broad shipping of our Vuzix Blade Smart Glasses to the application and enterprise Vuzix Blade Edge developer communities located within the USA, Canada and Europe," said Paul Travers, President and Chief Executive Officer at Vuzix.
There seems to be good support in the $5.50 range and resistance in the $9.00-$9.50 range. Anything under $6.50 might be a good buy, but if you can pick up this stock at sub $5.50, that would be ideal. HOLD for now- let's see what happens when it gets to $8.25
Happy Trading!
ETHEREUM Fundamental Analysis: Let's Write a Smart Contract ;)Remix IDE: remix.ethereum.org
ERC20 standard on github github.com
This guy has good tutorials: www.youtube.com
First 5 mins is me going through the smart contract, after that is example usage and talk about state of Ethereum, how I see it.
Progress Slows On Once-Hot Ethereum Privacy Projects////ETH has all but given up on being private,
we will need fungible assets like
XMR to power the smart contracts of the future
if we want to retain our privacy from all///
thereum's moon math is showing signs of coming back to earth.
Such was the feeling at EthCC, an ethereum developer conference in Paris, Thursday, where a dedicated privacy track struck a somber note compared to years past.
Indeed, despite a software upgrade in October that saw improvements built to pave the way for confidentiality, such methods have been shown to exceed ethereum's processing capacity, with the computationally intense cryptography all but bringing the blockchain to its limits.
So, while developers like Andrew Miller had predicted a rise in privacy-centric ethereum applications just months ago, the conference showcased how an almost eerie silence has followed as scaling and security obstacles have proven more difficult to solve than foreseen.
As evidence, ZoKrates, a programming language aimed to equip average developers with the ability to code private contracts, has struggled to find its way out of the setup phase.
Speaking in a presentation today, the code's creator, Jacob Eberhardt, said that ethereum will need to add more cryptographic variables in a system-wide software upgrade for the concept to work. Still, Eberhardt also bemoaned that, given the controversy that can follow such a suggestion, it's perhaps not one that will be adopted quite so easily.
"We don't want to keep adding new crypto," Eberhardt said.
Matthew Di Ferrante, developer at the Ethereum Foundation and founder of smart contract company ZK Labs, echoed this cautionary tone. In a discussion on the relationship and trade-offs between privacy and scalability on ethereum, Di Ferrante went so far as to warn the audience.
"If you think ethereum isn't scalable now, or that blockchains aren't scalable now, the further you get the more alarming it is. Everyone likes to talk about the magic, but not many people can write the code," he said.
The statement is notable considering the urgency of the ideas at stake.
In particular, zero-knowledge proofs, due to their ability to compress information in a concise format, could eventually work to reduce information on the ethereum blockchain, thus enabling better scaling.
According to Di Ferrante, such achievements are still possible, they're just a little further down the line.
He told the audience:
"Progress is slow but that doesn't mean it's not possible."
Waiting for privacy
As an example, Di Ferrante pointed to blockchain voting to illustrate the problems faced today.
"A vote of a thousand people would require a thousand signatures each a thousand bytes each. You would never be able to check a single signature due to the block gas limit," Di Ferrante said.
Such a use case is the core emphasis of Di Ferrante's research, which seeks to anonymize proofs through the use of ring signatures - a way of obscuring information in a retrievable way that works by aggregating the data within a group.
Di Ferrante has found that by using bi-linear pairings, a form of elliptic curve that is active within the ethereum virtual machine, various shortcuts in the complex cryptography can be made to minimize the scalability trade-off.
However, while his prototype has a working implementation, Di Ferrante told the audience, "It's just ridiculous, it's way too inefficient, if people started using that as a main service the chain would go down again."
And that wasn't the only sobering note struck at the conference today.
Currently, in order to generate a ZoKrates contract, each individual needs to enact the setup phase themselves, a fact that is perhaps slowing the adoption of zero-knowledge cryptography into businesses built on the ethereum platform.
In the generation of a zk-snark, information is produced that could allow the holder of the information to falsely manufacture transactions, providing the data generated by the zk
[HOLD] Ripple Chart. My thoughts and Prediction.THOUGHTS:
Some people are thinking that the price of the ripple will go down to 1,6-2.00. I myself don't think so. Not only because I haven't heard any bad news of the ripple, but also because it seems to be supported at the range of 2,45$. Yes. It wasn't added to coinsbase. Does this mean it isn't a good currencie? Did the price or volume spike harder then the days before? No. I think this crypto has great potential but has to show some news or working proof, since more and more people seem to be into ripple. When news comes out is uncertain for most of us, and is also unpredictable. But I do think ripple is catching a bigger audience and will still be growing. You might not like centralization but that doesn't mean other people do.
PREDICTION:
Now what I think will happen: I think that around in the morning to midday of 8 january the price off ripple will rise again. Where it will break its resistance and will either go up even more or stay at a price range of 3,20-3,70$.
This is my first ever chart and I'm following the cryptocurencies since October. I would love to know what you think will happen or have any tips. Goodluck
GBP/JPY: As said in my previous post I am bullish Hey guys,
I hope you are enjoying your weekend.
In the attached charts (Weekly and Daily) you can see that we closed above the 23.6% retracement.
We are in a corrective structure and for me the pair can push until the next resistance (highlighted in black), around 147.7, in my chart.
Please comment or like if you have any interest.
Cheers
Jesse
Whale analysis #1 - Stop runningAn easy method that I'm using to anticipate whale behaviour. Identify stop hunts, messure how much the whales drove price up/down to run the stops, and then project the same distance x2 to x3 in the opposite direction to have an idea around what levels whales would like to take profit.