Disclaimer: This is highly speculative, and is never a form of solicitation or advice. Please be responsible of your own trade.
(-):
- Ichimoku cloud indicates that there may be a crossover, possibly moving current trend further downwards.
- Many exchanges are closed before, and during 1 August. Reducing market volume, and movements.
- Fear and worry to some investor/traders due to upcoming Bitcoin Cash during this early August.
- Strong support at $2400 all the way to $2600, if this fail we may go further down until $2200. But this is unlikely.
- Strong resistance at $2800 and $2900, we may see several bounces. But if it breaks, we may have a strong bullish signal then.
(+):
+ Once many investor/traders have a clearer view and better understanding of the situation, market activity will increase. Maybe after the first week of August.
+ Keep an eye on price around 7 August. Price may go significantly up due to positive sentiment from SegWit being locked-in (www.xbt.eu/) at 8 August.
+ Further uptrend can also happen late August, when SegWit finally activates.
+ Also keep an eye for a possible trend reversal indicated by a convergence by 100-MA and 200-MA at 1-hour chart.
+ Assuming this goes well, uptrend may continue until October. Since November there will be a planned 2-MB hard-fork for Bitcoin.
(?):
? Massive Bitcoin Cash dump, may increase Bitcoin demand and price.
? Litecoin may increase in demand during early August, due to Bitcoin transactions requiring extra confirmations for some exchanges. Currently Litecoin $38-40 support level is solid and provide a good entry point.
Please feel free to add or argue, this idea is wholly open to discussion. Thank you.
(-):
- Ichimoku cloud indicates that there may be a crossover, possibly moving current trend further downwards.
- Many exchanges are closed before, and during 1 August. Reducing market volume, and movements.
- Fear and worry to some investor/traders due to upcoming Bitcoin Cash during this early August.
- Strong support at $2400 all the way to $2600, if this fail we may go further down until $2200. But this is unlikely.
- Strong resistance at $2800 and $2900, we may see several bounces. But if it breaks, we may have a strong bullish signal then.
(+):
+ Once many investor/traders have a clearer view and better understanding of the situation, market activity will increase. Maybe after the first week of August.
+ Keep an eye on price around 7 August. Price may go significantly up due to positive sentiment from SegWit being locked-in (www.xbt.eu/) at 8 August.
+ Further uptrend can also happen late August, when SegWit finally activates.
+ Also keep an eye for a possible trend reversal indicated by a convergence by 100-MA and 200-MA at 1-hour chart.
+ Assuming this goes well, uptrend may continue until October. Since November there will be a planned 2-MB hard-fork for Bitcoin.
(?):
? Massive Bitcoin Cash dump, may increase Bitcoin demand and price.
? Litecoin may increase in demand during early August, due to Bitcoin transactions requiring extra confirmations for some exchanges. Currently Litecoin $38-40 support level is solid and provide a good entry point.
Please feel free to add or argue, this idea is wholly open to discussion. Thank you.
Comment:
Ichimoku cloud crossover completed. Strong support seen at 2500. If it breaks we'll see 2400-2450 being tested.
Comment:
Potential reversal:
www.tradingview.com/chart/mY4GU8Sb/
- Low volume going up
- Massive dump occured
www.tradingview.com/chart/mY4GU8Sb/
- Low volume going up
- Massive dump occured
Comment:
Sorry, this one:
Comment:
Bitfinex LONG SHORT
Bitcoin (BTC): 36% 64%
Long: 18,118 BTC; Short: 32,089 BTC
--
Monero (XMR): 43% 57%
Etherium(ETH): 78% 22%
Litecoin(LTC): 59% 41%
Zcash(ZEC) : 65% 35%
EClassic(ETC): 86% 14%
DashCoin(DSH): 8% 92%
2017-07-30 15:41:04(UTC)
- Incoming short. Trapped buyers will either panic, hold, or switch (ETC, ETH, LTC, ..)
Bitcoin (BTC): 36% 64%
Long: 18,118 BTC; Short: 32,089 BTC
--
Monero (XMR): 43% 57%
Etherium(ETH): 78% 22%
Litecoin(LTC): 59% 41%
Zcash(ZEC) : 65% 35%
EClassic(ETC): 86% 14%
DashCoin(DSH): 8% 92%
2017-07-30 15:41:04(UTC)
- Incoming short. Trapped buyers will either panic, hold, or switch (ETC, ETH, LTC, ..)
Comment:
Watch 2800.
Comment:
Intense fight ongoing:
Comment:
Coincidental:
Comment:
A lot of recent volume has not been generated from fiat. This unnatural rise is due to many people wanting BCC, by switching from altcoins to BTC. From the fact that LTC/USD and ETH/USD have not grow in parallel with BTC/USD. Expect to see correction.
