Crypto-Hamster

Crypto-Hamster

We may go up, of course from these levels, but I feel that until altcoins will not make new lows, we will see some more falling of bitcoin.

Crypto-Hamster

IMO, bitcoin will either make a higher low, and will slowly grow from that point. Or it might plummet to sub-5.8k area, like to 5.5k or even lower, but it will turn into a V-shape reversal on a high volume, so eventually the upward movement will happen. Not a financial advice

Crypto-Hamster

In the recent 9 months the rises and falls of bitcoin price had the continuous trend of getting less and less sharp. But the recent cycle is different: both fall and rise are sharper. Although the cycle duration change must be taken into account, it might be another sign of the market reversal. Not a financial advice.

Crypto-Hamster

There is no outstanding news explaining that extreme rise of shorts. I would say, it is likely the Occam's razor rule case: bears were in loss and were waiting for the certain level of bitcoin when the correction (global falling trend) is expected to step in again. And don't forget that all those shorts are basically sell orders and even such a huge selling...

Crypto-Hamster

The trend line in the logarithmic chart does not mean that BTC price must drop to it (meaning make a lower low below $6k) before the reversal of the trend. It may very well go sideways until it will touch it on January 1, 2019.

Crypto-Hamster

At the moment, three SMAs – 50, 100 and 200 on a daily chart has a resemblance in arrangement with the case of June 2015th, when the reversal from bear- to bull-trend had started. Namely, 200SMA is flattening after the decrease, 50SMA crossed 100SMA from the bottom. We would need to see 200SMA to go lower than the others to confirm that.

Crypto-Hamster

A relatively reasonable growth of bitcoin recently was corrected twice with a consequent growth. Currently, there is a very nice foundation in the area 6400–7000$, so there is a high chance that we will repeat the same pattern again.

Crypto-Hamster

Substratum is an outstanding project with an extremely high potential for the future. While it was rather expensive to buy in the past, the bears made a favor for us, and not SUB capitalization is around $76M with ~0.19$ a coin. Recently it perfectly bounced off the historical low with a consequent increased volume (although on the rise). The reversal was actually...

Crypto-Hamster

QTUM among some other altcoins provides a great opportunity for solid gains in a couple of months. With respect to bitcoin it is at the historical low of around 0.00062. The long position in QTUM now is rather similar to a long leveraged position in bitcoin, but with buying QTUM you wouldn't be risking of being liquidated if its price will drop even lower. As an...

Crypto-Hamster

The 6620 level was broken with a relatively smooth rise, the huge trading volume zone was passed for the time, and now the price is crawling at the edge of the rising channel. Looking for the confirmation. Altcoins are looking good too.

Crypto-Hamster

The triangle was broken upwards, while bitcoin didn't move much – a nice indicator of that Nano is strong these days. The price bounced off of the next resistance area (it a clear level on NANO/USD chart, but vs. BTC it is a price range) and now testing the support from the triangle. If it will stay above it, it could serve a nice basis for the future rally...

Crypto-Hamster

What can I say: 1) great project 2) established reputation 3) nice risk to reward ratio (a mid-cap coin) 3) reached its global historical lows and bounced off the bottom 4) did not show the same strong moves yet like Nano or even Ontology. Very bullish on Icon.

Crypto-Hamster

If we believe that bitcoin will unavoidable rise eventually, it may repeat the previous "pump-and-dump" schemes, or, hypothetically, it could establish a constant, gradual, steady, long-term growth. IMO, for crypto as an industry the latter option is much healthier and beneficial.

Crypto-Hamster

What could go wrong? Right?

Crypto-Hamster

Our weak bulls are trying to push it really hard. As hard as they can...

Crypto-Hamster

Fractal, inverse fractal, fractal... Ready for one more?

Crypto-Hamster

The ETF application from ProShares were rejected, but the market didn't react as severely as many expected. Some minor drop, that's it. It may happen that this would used for a launch an avalanche plummeting of the price, but it didn't happen. One may suspect that the huge buyers hold the orders on certain levels and will not let the price go lower....

Crypto-Hamster

This is just for fun, guys. Assuming the fact that bitcoin bottomed at around 6k, especially since the volume started to catch up, and we expect a new bull-run coming, we may have a look at the historical perspective of how the price of btc was climbing to the previous ATH. I took the previous $3k on May 2017th as a reference and calculated the amplitude of the...