The Bitcoin Core chain stands at the end of time. Why does it stand at the end of time? There is a lot of politics around this issue, and I don't care to argue about them. You do your own research. Where you put your money is your business. In the end, whether Core remains the champion, or Core dies as Bitcoin Cash or Segwit2x become the incumbent, where you put...
Bitcoin has made a solid recovery since the bounce off a major trendline at $5,300 and has since broken through all major resistances and appears to be on the verge of a breakout to a new all time high. News that Amazon will be accepting Bitcoin is evidentally coming on their conference call in about 6 hours, and so we now have a new group of people who have...
Make no mistake about it. We lie amidst the first wave of calamity. Amidst calamity, it is never so easy to see what is going on, or where things are going to go. If it were, it would neither count as calamity, nor would it be the case that most traders lose money in the market. It would also mean there was no money to be made in the market, and we wouldn't be...
I won't give much preamble about Bitcoin Cash. You can make your own decision about which side to stand on with the information that is available to you. That being said, as a trader, you should pay attention to price action first, fundamentals second, and politics and rumors literally not even at all. The reality is, Bitcoin Gold is a scam: twitter.com The...
During the run from 5.8 to 6.2k there were substantially less margin longs on Finex, averaging in the range of 20-24k as opposed to 30-35k on the way from $4900. General bullishness, velocity, price action, and confidence in the current situation has come to a taper. It's like the end of a party when you aren't that drunk anymore, are pretty tired, someone threw...
Transcript: One of my previous posts aimed to justify the price that Bitcoin has. It's value is the accumulation of work put in by miners over quintillions of hashes. The current block is 491040. Taking data from historical hashrates, I get 193,142,784,388,787 terahashes in total. The data I can't easily get is how much each hash or terahash costs. Using 200 W...
We are at a key point in history. Anyone believing we're not in or very close to the ultimate apex of this major cycle is suffering from bull hysteria, and should be careful. That being said, anyone believing this is going to be a market collapse situation are suffering from bear hysteria, and should be careful as well. In my previous post I called the risk of a...
It's impossible to guess tops. But let's just try anyway. Theory 1: By Elliott Wave Theory, wave 3 is the longest and wave 1 and 5 are the shortest. By this logic, wave 5 should end at 6.8k or lower. Theory 2: Bitcoin market exhibits high levels of emotional behaviour - evident from historic cycles of extremely volatile price action, characterised by...
Ripple XRP has been consolidating since May and it's approaching the convergence of it's consolidation range. It really looks antsy to break out here and I'm loving this chart. The 200 day moving average is coming up to meet the price. That means the overall trend is finally meeting the price and that is usually a recipe for a bounce. We've been monitoring this...
You guys know i am THE bear. Neither alste. nor khun, bagofXMR is THE bear :joy: NYA contentious (thanks to the core dev team and its fanatics) fork will show to the world bitcoin is going to split for third time in 3 months, a grotesque show that will set back bitcoin a couple of years at the very least (from mainstream institutional investors...
During the very early years of Bitcoin, and cryptocurrency in general, there began the mania. I'm talking about before 2015. This mania was centered around the Dark Net markets and cryptocurrency was mainly used as a means to achieve extreme transaction privacy. You could make a transaction to anyone in the world without a bank, or any regulatory stature and you...
Can we learn from the history?
I noticed that XRP is behaving very similar to gold. XRP has gone through the various stages of a bubble far quicker than Gold. However, by observing that gold is slightly farther along in the process, we might be able to assume the next moves of XRP.
Turns out that we have 2-3 weeks to stand still while BTC smoothly goes down and touches to the weekly channel support around 3.600-3.700 So, I took a look at the Bitcoin history, as we have time right? It seems, the excitement about bitcoin, has changed gear for the last 2 years. And if specifically talking, RSI , since the end of 2015 has been touching to 50...
Wait a second and imagine how many people lost their total trading capital in this short time period... On the picture: Bitcoin's full 100% bubble! (2013-2015) STOP investing your houses. Think more!
The Daily PIVXUSD is CERTAINLY my favorite chart right now. As all the other coins have fallen along with Bitcoin, PIVX held up nicely. The levels are clear here, and clear levels are the most important thing for good analysis because we know our stops and targets clearly. If this thing gets moving, it could easily 2x, 3x, or 10x it's price. We had a huge base...