3 months of consolidation, plenty of energy accumulated for a deep fall if ETHBTC breaks below 0.067. Target 0.032~0.039 range.
$3.5 target :D watch this collapse like a rock out of the massive longs opened.
The writings are on the wall. So have the People Bank of China (PBOC) just spent the last 8 months shaking out yuan speculators in the midst of a US dollar weakness? A quick peek in USDCNH shows that we're sitting on a trend line right now that I've drawn since 2016. The wick down and V bottom also further validates that trendline. things are about to...
Like it or not, I realized that bitcoin move very similarly to gold, over the years of trading these 2 assets. Posting this here, let's see how the bitcoin chart turns out in 1 week ;)
One of the HUGE HUGE overlooked projects in the midst of the current cryptocurrency boom. I was rather surprised that the price against BTC have been kept that low up till now. Counterparty relies on the bitcoin network for security, and implemented as a side-chain. It does not actually compete with bitcoin, but in a way it complements each other. Counterparty...
ZEC usually move sideways, and when it does breakout it is fast and furious. Looking at ZEC from another perspective, the ratio of ZEC / XMR and ZEC / DASH we can clearly that this is technically more superior within the basket of anonymous currencies that's generally accepted (eg: listed in bitfinex) It is definitely a buy and hold. $300~$600 is in the books....
Evidence speaks for itself. Oh boy... The alternative cryptocurrency market is in a mega-subprime mode right now. I'm guessing that we're still in the 2006's? Not quite close to 2008 burst yet. ----------- P.S: Enter if you're daring enough, with a 10% stop loss from this level.
Still expecting bitcoin to correct down because it is too expensive? Wait till it gets even more so, than you can ever expect. Sure, that was 2017/03/20 when it have tested $900 and since bounced back up. You're not seeing the bigger picture, if segwit distraction is stopping you, if the claims of bitcoin isnt scalable. Those are simply short term noise. Look at...
The support level of 0.002 was tested multiple times, with no sellers showing up. Entering a position here would be relatively safe in terms of risk reward.. Max 7% loss.
18.4~$22 range. Watch out for that in the coming days... Gold is nearly its 5 year downtrend line too, with a higher high price made. Could expect $1500~1900 once again once gold breaks $1320
Multiple reasons for this trade: Rising trendline since 0.021 bottom remains. Horizontal support at 0.042 A 68 million market cap coin... there's a lot of room to grow here, while alternative cryptocurrency are hot right now Tight stop loss at 0.047 is possible (little loss if the trendline does not hold) Possible BTC correction:
Broke up the short term wedge pattern... could see a re-test of highs at 0.077 soon.. 0.0185 is not out of the books ;)
Was a fun ride. Hope you've profited a lot! If you're new and sold the bottom, please insert a coin and try again in 2 years. Remember, the flow of money back to BTC from alts have yet to start.. coinmarketcap.com This is only the beginning. Could we see an ATH in BTC?
Was checking out ETHBTC on poloniex from a larger perspective as it is currently sitting at all time highs. s3.amazonaws.com Including Ethereum classic... I think there could be some sort of monster rally ahead. Assuming that the flag holds, you can long here with tight stop loss. Limited risk. finally the bids on etc in bitfinex's book is as thick as...
incoming...... $900 possible if breaks below $1180 huge daily divergence at this level too.
Looks toppy.... near term seems exhausted with a daily double top and 3 drive pattern. Nevertheless watch out for one last highs for a stop run, way too obvious short at the moment.