Developments continue on POLONIEX:IOCBTC and with that and the current structure, price seems to be attracting toward a new, higher range due to increased demand and interest. This may look overbought from here, but the chart is already proving me right, that the fundamentals are so good on this one.
Long long long :) long term hodl :) believers will be so rewarded so much :) Goodluck everyone :)
As the Triple Bottom Reversal develops, it can start to resemble a number of patterns. Before the third low forms, the pattern may look like a Double Bottom Reversal. Three equal lows can also be found in a descending triangle or rectangle. Of these patterns mentioned, only the descending triangle has bearish overtones; the others are neutral until a breakout...
After the bitfinex hack, the price of bitcoin plummeted to prior support levels around $536. Once we break $596 (the 50% retracement level) our next level to hit is $610..... Once i see the 50% level break I will go long around $597-$598 with the intent to get out around $610 or higher....I trade using leverage, hopefully the move is quick.....
This bull flag on the btc/usd has just about run its course. Looking for the squeeze out now to the upside. What do you think? Can the the lid be kept on thing forever?
That is why i think Ether will soon beat bitcoin in capitalization: 1. Market cap is more 1Billion$ and it is growing. 2. Infrastructure of smart contracts (custom logic above blockchain technology) involving startups and big corporations (Microsoft, UBS etc.) 3. New opportunities for companies wanting to use advantages of Blockchain technology in their businesses...
1. BUY ACTIVITY WITH VOLUME AND RISING PRICE (Why ?) + 2. FOLLOWED FROM EXTRAORDINARY RISING OF THE HASH RATE (2x in some months) + BUY PRESSURE CONTINUE UNDER INCREASING OF THE HASH RATE = 3. Bitcoin is preparing for a upper breakout! This could happen from a instant lower hash rate (check the blue line) or with a small increasing every month (check the...
"Let's Keep it Simple Stupid!" This is what I tell my trading students and this simple statement will help you be successful trading long term. Let's take BTC/USD - movement has been incredibly volatile but we are now seeing a shift in that volatility in the past few months and will continue to see more steady patterns emerge. As more and more people and...
go long because of: - increase in media attention - lots of international organizations are now supporting the value of blockchain and bitcoin - macd is pointing up - crossing rsi pointing up - increase in volume - steady growth in price & volume since november/2015 Maybe the big players are trying to replicate the 2014 spike to 1K USD per coin?? Who knows...
Bitcoin is innovative, it is ground breaking, it is disruptive. That's not enough, its never the invention but mass adoption of the technology that drives a cycle. For the next rally to be truly sustainable Bitcoin needs a critical adoption and a new killer app. Silk road is one of the first true killer app of Bitcoin, including Purse.io that provides people an...
The chart shows the currently active bullish setup on the weekly chart, as well as the important support levels below. We should pay attention in the coming days, since I think we will see a retracement soon. As long as we're producing weekly highs every 5 weeks, we're in a strong uptrend, specially while sitting above the weekly mode, from where a 18 week rally...
chart speaks for it self
If you are searching for a new Bitcoin bubble look here: The bad news is that there isn't a new bubble. The good news is that you can look at any movement that can produce a new bubble, how ? The people that are doing the bitcoin markets are: ---------------------------------------------------------------------------- 1. Miners, they normally sell bitcoin after...
MIT Computer scientists say look for the pennants. Now, you can disagree with the MIT scientists and their 89% return if you like but that is saying that you are smarter than a couple of MIT scientists put together.
The accumulation is actually up, which hopefully means people are buying at this level, establishing a new support. I'm not jazzed about a $330-350 support level, but it's better than not knowing where the floor is at. Still, my miners are shut down, until it's cool enough to use them for heating, or BTC goes above $400 again.
I'm out. We pierced the only support that mattered. Watch out for sharks... the whales have left the building. And once again, they say, thank you for your buy support as they sold off their bags of holding. Here that noise? It's the sound of an overinflated, no-intrinsic-value ponzi, deflating. It's even dropping as I'm writing this...
Just putting it out there... there was an obvious accumulation... large sell off, consolidation... Now what? Rinse and repeat? Or a whale exit?