i short the Bitcoin for this reason South Korea bans all forms of initial coin offering in the country, just today China do it Already so if some country like that were have the most bitcoin activity startto ban it. i think fear will coming that other country will may ban too... BIG TRADE 1200 PIPS TARGET = 4000$ STOP LOSS =4750 RR= 1/2.5
The Cycle wave IV has stopped at $1830, with the Fib retracement only 38.2% of Cycle wave III, and it's speed up by the news of Segwit2x, for now, I believe we are moving up for the Cycle wave V. According to the rate between each drop and rise: 8.618==>5.618==>2.786(which should be 3.618 if following Fibonacci sequence)==>2.618, I think the rate between wave IV...
Just Fractal & Pattern I think that BTC will hit $10,000 someday But it may take longer than people think.
Updates will follow on this chart. I have a very strong feeling our 2013 pattern will repeat, with the main reason that the ICO mania is over and that this cash will flow out of the coinmarketcap again. Month chart and week-chart are still topped, once the weekly macd starts to turn bearish we will see a large corrective phase.
As you can see the downward trend is getting slowly with the support of the purple track between Fib 50%~61.8%, aslo the technical indicator is showing the bear is out of it's power, so, if we can got a big green candle with large volume, that would be a perfect signal for trend reversal, and I will see if I can find some good chance for long. The small flags is...
This chart contains some important channel, which are significant for the development of bitcoins price. If these channels are broken, then a significant change in trend occurs.
See how strong the support of 50% Fib retracement of BTC will be.
Finally the Cycle wave III top has reach 2.786 on Fib rate with the depth of Cycle wave II, and now we will have a right hand chance for short, be prepared bears, Let's ready to roll.
Rising wedge forming and oversold condition shown on stoch RSI, short term decline in price, long term still bullish.
This chart will be fail if: 1. BTC go through $2800 in next month 2. Cycle wave IV go below $1166 Good luck. Maybe easier to see with this one:
www.cryptocoinsnews.com BTU negatives have proven to be a scam to extort your BTC They have already agreed Segwit internally and have begun to absorb BTC in advance. Now fractal wave 1 is in progress with media attention. Wave 1 target is 5000 USD Then, too high a price can bring in Panic sell with light selling pressure. It will run until Fib0.236 (2068...
The blue line is price trend of futures on BTC(OKCOIN:BTCUSD3M), the candle is the price difference between futures and spot(OKCOIN:BTCUSD3M*USDCNY-OKCOIN:BTCCNY), as you can see, some guy is buying BTC on spot market and open short position on futures market since May/10th, and this big guy has do it with serious for 3 days, I think this motherfxxker definitely...
Same bubble. Wait the chance for short with your patient.
First chart. Looks to me like it's mimicking amplified version of previous run. Looking for one more little run after this bull pennant then a nice dip to correct and continue bull trend over the course of a few weeks/months.
Next highest value around ~1590 USD. Analysis made with data from https://cryptomon.io, related chart: ibb.co
There are two similar structure in this chart, have you found it? Good luck.