Alternative view of psychology of the market cycle. Response to the linked idea of D4rkEnergY D4rkEnergY: www.tradingview.com Comparison: psychology of the market cycle medium.com
On the hourly ETH is riding the 10 EMA, currently making a quick pause. You can buy in here and set stop at -10%. Sell orders from 0.05 BTC is 20% gains and 2:1 ratio.
It seems TA is worth shit at this moment. Was looking for entry on Litecoin and it went up 200% in under one week. This is FOMO kicking in. All the new registrations on coinbase looking for quick money and Ethereum and Litecoin are the only options there. Both seem to give potentially more gains in the near future, so people are jumping on the train. We are at new...
Apart from the TA With coinbase being the top #1 app on iphone and new people coming in, the price of LTC keeps rising. While technology wise there is not much of an advantage, the price has a big psychological influence. Accessibility is the highest, because of coinbase. This is why LTC currently has advantage over better technologies like Dash. I would like...
On the hourly we see some weakness of our king. The 30 EMA seems to form resistance now. Next key level to watch is around 14750$ tomorrow I would say. If we continue to go down, I see no Support until 10750$ and the bearish trend most likely continues until then.
Maybe this pattern is a bit too obvious, but it repeated itself frequently over the last few month. BTC tends to go on a bullrun for 1-2 month and then we have a big pullback of 30-40%. If we break the 30 EMA on the 1 day chart it seems to go down really fast until it hits the 100 EMA for 12-24 hours. Seems like a good time-window for big players to get back into...
With incoming segwit activation and news I expect BTC to have bigger drawback. Currently we have the situation, that BCC becomes more profitable to mine than BTC and miners switching to BCC. If BTC drops this effect becomes stronger, since dropping BTC becomes less and less profitable. If miners switch to BCC this will slow down the BTC network and re-adjustments...
0.000720 is solid support. With upcoming btc run and segwit lockin I expect it to drop to fib786 and then drop to this support level. If it can hold it, this is most likely a good entry point.
Hype and release IMO priced in. 1 week run and more then 100% gains. People are currently taking profits. Tomorrow news will most likely cause another run up and we will get into a temprarly downtrend for the next days. Good entries: 0.0047 0.0042
This is really bullish scenario and while 5k BTC in august may sound crazy for some of you, I just used trendlines here and compared the situation with segwit activation on litecoin. You can choose lower targets, but the idea and the dates are the same. People are telling me this information is already priced in, but exact same situation on LTC shows...
Looks like double bottom pattern. With the upcoming BCC split and people moving back BTC into cheap alts, we could see a general rise in the altcoin market. LBC has released MVP for closed beta already and open beta is coming. If we break 15500 it looks really bullish. Stopp loss should be abit under 11500, when it breaks support. Anything about 21000-25000 I...