crypto_gunther

crypto_gunther Updated 

First and foremost, this is not investment advice. Do your own research before investing into Digibyte or any other digital asset. Always perform a risk assessment and use capital management before entering into any trade! This is a long term trade for those with much patience. This post does not consider time. Rather, it is intended to show the direction of price...

crypto_gunther

Not too long ago, a death cross occurred between the 50 and 200 day weighted moving average (red & blue). This is a strong bearish signal. We may see the same for the exponential and smooth moving average. Notice the broken base at $9,025. The next key base is $6,001. I expect a bounce from here. However, it seems likely that the price will get rejected at the...

crypto_gunther Updated 

This idea is valid if and only if these conditions are satisfied: 1. BTC completes its violent correction soon and finds support above $7,700 2. LTC holds the blue support (downward channel since all time high) We will see much higher levels in 2018 if: a. LTC is listed on Gemini exchange which implies CBOE futures contracts b. Mass adoption of LTC as a...

crypto_gunther Updated 

This idea is valid if and only if these statements are true: I. Bitcoin 3.48% is currently in a market crash II. The price of Bitcoin 3.48% declines in a similar fashion to its rise III -1.55% . The price returns to $1,100 which is near the previous all time high of $1,175 (2013) This is not investment advice. In a paper-trade (simulated trading process),...

crypto_gunther

This idea is valid if and only if these conditions are satisfied: 1. Bitcoin descends to $1,175 during this market crash 2. DGB sellers capitulate with strong sell volume 3. A death cross occurs between the 50 and 200 day smooth moving average 4. DGB breaks downward from the upper ascending triangle 5. DGB breaks the blue support I am not saying that this...

crypto_gunther Updated 

As is true with all alt coins, DGB is a slave to Bitcoin with respect to price movements. If the price of BTC continues to get slaughtered then expect severe capitulation for DGB. It is important to keep everything in perspective. In my opinion, Digibyte is the absolute best UTXO blockchain in the world for these reasons: 1. Scalability a. Block size doubles...

crypto_gunther

I am not saying that this will happen but it is important to understand the risk of hodling Bitcoins (or alt coins) in a bearish market. Trade cautiously. Implement risk assessment and capital management. Trade in the direction of the market. Use common sense and don't become too emotionally invested if the price turns against you. No, this is not the end for...

crypto_gunther

Buy opportunities exist on horizontal and diagonal supports. Select your targets. If death cross occurs, a cross of the 50 and 200 day smooth moving average, then select low targets. Layer in (accumulate in pieces) at supports since no one knows the exact bottom.

crypto_gunther Updated 

This idea is valid if and only if these conditions are satisfied: I. The red support holds at point C II. We break out of the downtrend with strong buy volume and find support above it III. Mt. Gox trustee refrains from dumping more Bitcoins onto the open market This is posted as an experiment to see how the price behaves. Please do not construe this post as...

crypto_gunther

What if $6,000 wasn't the bottom (like most have suggested) and what if $11,788 was nothing more than a bull trap? What if complacency has set in among fearful traders? What if we just started a 3rd bearish impulse wave? What if the broken .618 Fibonacci level (on wave 1) was a warning sign of a market that is about to get wrecked? What if panic sellers are on...

crypto_gunther Updated 

BTC completed its 3rd Elliot wave when it climaxed at $19,891. It originally took off from its launch pad (blue support) at $162. That was an exciting ride! But, like any roller coaster, what goes up must come down. BTC is about to enter free-fall mode where gravity will accelerate the price downward. This is not surprising in the least bit since BTC has been...

crypto_gunther Updated 

This idea is valid if and only if these conditions are satisfied: 1. Bitcoin gets rejected at its downtrend line 2. A death cross of the 50 and 200 day smooth moving averages occurs 3. Bitcoin breaks its neckline and finds support on the bottom blue line 4. DGB breaks its neckline and plays follow the leader until it reaches the intersection of its...

crypto_gunther Updated 

This scenario assumes the following about BTC: I. Bitcoin has been in a speculative bubble ($.0025 to $19,891 in ten years) and the market has crashed II. The correction isn't over since there have only been two legs down when Elliot Wave Theory requires three bearish impulse waves This analysis is based on the three drives pattern. I expect the price to fall to...

crypto_gunther Updated 

This idea is valid if and only if these conditions are satisfied: 1. Bitcoin fails to break above the downtrend line 2. Bears take over the BTC market with strong sell volume 3. BTC breaks brown support line (previous resistance since $1,175) 4. BTC returns to blue historical support for a 5th touch If BTC falls to blue support then DGB has no choice but to...

crypto_gunther Updated 

Idea is valid if and only if these conditions are met for BTC & DGB: 1. Price breaks above the downtrend line and finds support 2. Strong buy volume This chart is posted as an experiment to see how the price behaves. It is not investment advice.

crypto_gunther Updated 

If you'll notice, some of my recent posts are bearish and some bullish. This is my way of staying objective with respect to price movements by keeping an open mind. These are possible price trajectories but nothing is guaranteed in this game. You need not construe this post or any other post as investment advice. Consider all of my posts to be nothing more than an...

crypto_gunther Updated 

I've projected a possible scenario of Bitcoin's price movements into the year 2022 using Fibonacci extension and retracement on a log scale. Bear in mind, this is just my own personal idea. Do not bet the house on my conjecture and please do not construe this post as investment advice. There are infinitely many ways to project price movements into the future....

crypto_gunther Updated 

Will Bitcoin complete a 4th Elliot wave ABCDE correction before going on a massive run to $23,000? Or, will Bitcoin break $6,000 and head to the bottom of the log chart to find support around $3,000? Regardless, I'm long on BTC into the distant future. But, they must address the following issues if we want to see a high valuation in the coming years: 1. Divided...