Bitcoin no longer has any interesting or meaningful proposition beyond its public rhetoric. It is a paper tiger. In the coming years, it will see immense success as it is adopted by various funds and political narratives. However, its ecosystem's development has lagged so severely that it cannot ever hope to catch up to competing networks. Since 2015, the sole...
Hey guys FaZe_B1tC0inGoDx here with another Bitcoin let's play, so what we're gonna do is fall until we hit the nest of weekly closes at 3k-2.5k, then woah Bakkt launched and we're back at 6k (its just like coinbase lunar rally???). After that idk, but halving is in 548 days. In case of global recession, break chart. The left bar pattern is the first bitcoin...
I don't think it makes sense to use normal TA on Bitcoin because it cannot be compared to any asset... except itself, so I've overlayed the early 2013 bubble (daily candles) on the current run (weekly). We'll peak on CME futures and then an exchange CEO will get kidnapped or something. I don't know. Nobody does. Good luck. Still long as of my last linked trade:
some high r/r trades, eos is ridiculously strong compared to the rest of the market, bcash has roger buying everything forever and bitmain will never sell, don't get chopped on monero it WILL make ATH eventually, MANA should see a retrace to highs after the buyup, gl
99% of altcoin charts will look like this, cut your losses now if you fell for the meme
Do you remember when this exact same thing happened before? Bar pattern is LTCBTC weekly from BTC-e in 2013, chart is recent Bittrex price action. Immediately after this happened the first time, the new money-doublers (who make sure to tell all their friends about litecoin gainz) went to barely functioning Cryptsy and lost everything to Wolong trading a picture of...
As you probably know, Bitcoin's rate of inflation (block reward) halves in early July to 12.5btc. This will halve the revenue of miners. As miners are in control of the network and presumably a decent chunk of the liquidity, the idea would be to manipulate prices upwards (x2) to keep revenue intact. Bitcoin has recently shed a lot of big holders because of the...
Classic Bitcoin volatility has returned after breaking the $315 capped range we've been stuck in for what feels like an eternity. Recent price action has attracted media attention as well as several old players who were waiting for a range break to re-enter the market. I could list a few dozen fundamental reasons for the price increase but chances are you already...
Litecoin has completed its Impulsive and corrective market cycles and should now begin the distribution phase of the pump and dump. Marked on the chart with a vertical line is a rough date for the block reward halving. The bar pattern shown is one of early 2014's distribution phase, with the spike in the middle around halving being the Huobi add pump; sentiment...
The dormant BTC has awakened after the Greek news (regardless of whether or not it actually had any causation), beginning a push upwards. So far we've had two upward waves which appear to fit the typical 12345-ABC Elliott wave pattern. I'm targeting 1800 Yuan as this was support formed in the push to $300 in March and is also roughly the 1.618 extension of the...
Same as last LTC chart (first in related ideas) but with corrected Elliott waves. Also simplified it to what I see is the most likely route, with fibonacci ratio fractals (measured from bottom of retrace to top (OKC top on second move up)) shown by the orange arrows and bar pattern. In the time it took me to correct this chart, the initial predicted downwards...
Mapping out my ideas for the rest of this LTC movement. Previous chart in related ideas. LTCUSD slightly missed the neckline target but LTCCNY did so I am considering the first wave up completed. Horizontal support and resistances are marked as dotted lines, and fib retracements are present to show correlations to these areas in order to judge which ones may be...
In this chart I've taken two previous bubbles (2012 mini bubble and early 2013's) and compared them to the inverse of the price since December (the right most object). I've labelled fourteen movements in each of the scenarios that I feel are very similar and appear to be repeating (fractals). This 'shorting bubble' has become possible because the demand for...
So far the $235 short entry in my last post has been successful and we have broken away from the pivot to the downside. Considering the immense BBand compression on several time frames, volatility should be picking up soon. Initially there should be a small retracement as an attempt to shake late shorters such as more novice ones that use diagonal lines as...
After 18 months of downtrend, LTC seems to have found a potential adam and eve bottom, after a sharp vertical move upwards. This may have been caused partially by bitfinex withdrawals being down for bitcoin when their hotwallet was hacked last week, but after consolidating near the highs, this leg is teasing that it can go much further. The idea of this trade...