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Bitcoin Cash is the Greatest Bear Trap of All TimeI 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 reality is, right now, Segwit 2x is not in much better of a situation regarding their fork being adopted by exchanges. The reality is, Bitcoin Cash has been a functional hardfork backed, sustained, and supported by some of the biggest players in crypto. Bitcoin Cash is also going to be hard forking a la' Ethereum Byzantine/Metropolis on November 13 for a code update to fix the Emergency Difficulty Adjustment: www.reddit.com Fundamentals: check Bitcoin Cash is in a giant symmetrical triangle after its pump to $850+ in August and its slow slide down ever since. That being said, we have a beautiful formation with bullish consolidation towards the squeeze point as shown by OBV and Willy21. Also of note is WWV evidences that we've had extended periods of distribution, with some of the most violent distribution volume being after the October 17 dump. The October 17 pump was also the second largest accumulation since the August pump, yet, price remains healthy and has stayed with the trendline rather than breaking down like IOTA. The first projection from a non-manic pump-high in the triangle produces a target that conveniently lines up with the 0.786 fib almost perfectly. Price action: check Politics: who cares when you can double your money on the first leg up and you're dealing with something that has a known price-ceiling of $6,200+? If price breaks out to $360-400 and holds, expect one of the most amazing events in history to occur. If I am right about what is about to happen, Bitcoin Cash will vortex in a tremendous amount of new users to crypto. Bitcoin Cash will resurrect what the Bitcoin community was in earlier, less bubble-collapsed time periods. Bitcoin Cash is the biggest bear trap of all time. What you think can happen and what is actually happening are two completely different things.
BLong
by RiversAndMountains
5
Bitcoin - The Calm Before the StormDuring 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 up, they turn the music off and the lights on, and tell everyone that you don't have to go home, but you can't stay here. The volume, momentum, and time we took to get here has reached a feverish pitch. How do we get to $6,500 and $7,500 under current velocity? It seems as hard as trying to climb the last few thousand meters of Everest. The reality is the pattern we are within since the original bump to $5800 is a rising wedge. The pattern at $5900 - $6200 was an ascending channel, which brokedown, and formed an even steeper ascending channel, which is quickly running out of steam, volume, and momentum. It is already within the oversold area of Willy21 while price can barely hold $6000, and WWV shows that all those coins that were bought on the way up are like an avalanche waiting to be triggered. We closed the 4H, 12H, and Weekly candles below $6,000. The pump ran out of steam and things are quiet. This is not a good sign. In order to maintain parabolic price movement and gains you must maintain parabolic volume. With the majority of the market losing money every movement, that is exceedingly more and more difficult. What goes up, must come down. OBV indicates that the upward momentum is genuinely having an exceedingly difficult time The terrifying reality of where we are right now is we visited $5100 only 4 days ago. If this pattern breaks down and falls through the cloud the real panic will first have a chance to bounce at $4850-$4950, our previous ATH. Failing that we will be facing prior resistance line at the $4,600 range. In my opinion, it is exceedingly difficult for Bitcoin to maintain its Northern movement without a shakeout and a reset. FOMO is your enemy. Remember, this is Bitcoin. Bitcoin is a raging long-term bull, but it cann't go straight up.
BITMEX:BTCUSD.PShort
by RiversAndMountains
3
Technical, probabilistic and fundamentalist analysis for AVT/USDAventus is a digital currency to facilitate the payment of tickets for events, something very common for us, but still obsolete. As you know, there is ticket traffic, lots of banditry behind and lots of money involved. AVT is a relatively new currency, and was listed on BitFinex on 10/10. Its value ranged from under $ 4 to up to $ 6, this already shows a public interest only for the idea. In addition, the amount of currencies of the Aventus is of 10 million, and only 6 million are in circulation. Her MarketCap is still low, at $ 20 million. Taking into account that all Bitfinex coins have more than $ 100,000.00, minus AVT and Santiment (I also advise), I believe that Aventus will reach this value soon. It is a very volatile currency, this attracts risky investors. If it reaches 100 million MarketCap, it will reach approximately $ 17.5. But I do not believe that it will not be so easy to get home from the $ 6.6 dollars, which indicates an increase of almost 100% of the current value. Not to mention that for this, we need only another 20 million dollars in the MarketCap to double the price. Now if you calculate how many Bitcoins circulate in Bitfinex ($ 500 million dollars), and estimate each of the Bitcoin forks generating about 5% profit each, we total about 10% of the total Bitfinex Bitcoins available for users. Being that 75% of the users invests Fork profit in altcoins, then we will have: (500,000,000.00 * 0.1) * 0.75 = $ 37,500,000.00. Now let's see which coins have the lowest marketcap in Bitfinex (preferred by those who re-invested the profit of the fork): SANTIMENT AND AVENTUS . Santiment today has about 17.5 million dollars capitalized. If we see, the bills hit EXACTLY. Of the 37.5 million, they would probably invest 20 million in Aventus , doubling its value. And the remaining 17.5, at Santiment, doubling its value. Obviously this will not happen overnight. But I very much believe that this will happen by the end of the year. And another: If you think that the re-investors of the profit of the Fork will prefer IOTA, I do not agree. IOTA is very still, it is always the same, it has not been high up for a long time, lots of news and nothing shocks the market, many Bots acting on it, many whales holding the price ... So it is almost 100% sure that they will invest in others. And if you do not invest in IOTA, but divide the investments into Aventus and 4 other currencies, we will still have an approximate 50% increase in price, and that would surely get the attention of other investors. Not to mention that if Aventus closes any partnership, it is GUARANTEED success. A hug to all, I hope you have not been confused. Forecast by Leonardo Bermudes , trader and CEO of Berman Investimentos (Brazil) .
ALong
by BermanInvestimentos
2
OMG/USD - Prediction Before BTC ForkThe price is stable within a horizontal channel . Hardly the price will leave the channel before the Fork, with that we can open a purchase order at 7.8 following our bearish trend line . If the price exceeds 50% of the channel in 7.9, the next target will be the resistance in 8.2 , where we will place the sales order. There is also a low probability that the price will break the bullish trend line and reach support . But probably up to the price the Fork will reach our target. And in the worst case, leave an order with double the primary order at 7.16 , which is the long-term support .
OLong
by BermanInvestimentos
QTUMBTC; falling wedge w bullish indicators; FA & TAEP: Below .00175 TP1: .002102 TP2: .002984 TP3: .003488 SL: .00165 QTUM has had a lot of volatility since it hit bittrex making huge ups and downs. On a fundamental level we have a currently about 20% of QTUM tokens now being staked, and that number is growing. New exchanges are and have been added (bitfinex, and some japanese and korean exchanges still coming), as well as WeChat and Qhola wallets in Q4. Since we fell below the .002 price level we can see that we are not in a descending triangle, but actually a falling wedge. The majority of falling wedges to break upward so we have that in our favor. A much better set up than a descending triangle which normally break down. At points 1. and 2. we see lower low in price, with OBV failing to make a lower low indicating upward movement. On the OBV graph the blue box marks where we expected it to go. RSI shows an equal value compared to the last dip in price which is a weaker indicator for bullish movement, but a bullish signal none the less. We do see a series of lower lows in the RSI that are forming along a trend line. If RSI falls below this line it is an indicator that our trade was bad. Normally that would be a stop loss signal for me, but in this case we would be in the oversold region can add to our position on consolidation or when price forms a lower low. If you want to set a stop loss it can be at .00165. Expect RSI to form a double bottom on the daily chart as it has done in the past before moving upwards. This may be as late as October 25th after BTCG forks. The reason I am not 100% long on this trade is because of BT2X fork upcoming in November. It is not yet clear if we will in fact fork, or if alts will rally after BTCG fork and before BT2X. This is not trading advise, just my personal trade. Educational only. Trade at your own risk and do your own research.
Q
by Maximilian108
If I just had more BTC to spend...Those market insanity occasions are when I'd love my btc balance to be higher, so that I could buy more alts. Everything is going down, and the best altcoins aren't spared. I'll give you my short list, which could be way longer: OMG WTC LINK BNB NEO ARK MTL LSK I believe they're all sure fires, which will go back up once the craze ends. I don't exclude them going down further before Nov Fork, and that's the reason why you should average your buys in time. BTW, everything below fib .50 is gold to me. If OMG goes @.618 retracement, I'll definitely pour what I have left in it!! Happy trading everyone!
O
by lukescream
TWX - Finding the reversal areasThere is always much to learn. Something I have learned very important from Shane was, to observe what's going on, how price behave and what it does where. Lot's of questions to ask. I drew the two narrow resistance lines about 1 month ago, just to observe once more, how price will react on them. Isn't it amazing? To catch such zones, one may ask the chart: - where is something important? - what did it to the old structures? - context? - did it break hard, slow and where is the close? ...of course, there is much more you can ask the chart to find out more. And if the people around you think you are going nuts, then you know that you are in the perfect synch with the market by talking to it to gather important information. ;-) P! - no, I did not tradet it blindly. But now i have a handle to trade it...let's observe.
T
by Tr8dingN3rd
ETHUSD, long, but hold on for a choppy rideGeneral uncertainty and hesitation around the BTC fork has kept ETH relatively stagnant over the past week. In the short term I expect us to bounce off 217 and then move back up to 226 overnight. Hesitation and uncertainty tomorrow morning means very low volume , which will slowly drive us back down to 205-210. Once BTC seems to stabilize, we will see huge amounts of money to start moving back into crypto and drive ETH back to $250+.
BITFINEX:ETHUSDLong
by BigKevDawg230p