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Will Bitcoin repay the loan or can bears accept a double bottom?So I still think we have to dip down as hard as we spiked in order to please the bears and get this price back down to where the whales will jump back in and repeat the cycle. On the other hand, sometimes loans can be paid off short. Looking at it from a non technical standpoint, some may say a double bottom combined with the extended amount of time we have spent trying to get there makes us even. With that said, I present 2 options: 1.We bounce off the double bottom and take a nice ride up. My charts shows some reasonable fib levels to bounce at. 2. We continue to fall until the spikes have been exactly repaid and then we are allowed out of jail. My number for the low is calculated from 2 things. 1. I feel that the high from January 6th equals the low of February 6th = repaid. The ATH from December 16th needs to be repaid (with some blood in the streets). The difference between the highs of Jan 6th and Dec. 16th is $2700. (17200 and 19900). Subtract 2700 from the first low of 6000 and we get 3300. 2). 3300 has strong support from a reversal back on September 15th, 2017. This seems logical to me from both a TA and FA perspective. We all know whales control the market. And no matter what our fancy tea leaves say, they will make the moves they want when they want to make them. So, thinking like an arrogant, "nothing impresses me", filthy rich whale, I would probably think: "I bought in last time when they announced futures trading was coming to Bitcoin... around $5000. I got a 4x gain and then bailed out at $20K. This time I want MORE PROFIT. I will wait until this hits 85% off ($3,000) and then ride it all the way past 20K for a nice 10X profit ($30K) and then dump it again. If that plays out, me buying in at $3300 will be great!! I will take that 9x any time! ok, so that last part was a stretch, but I am SURE some whales have that thought in mind. They always want MORE POWER. That means huge gains like more than double what they did last time, and why not a nice even number like 10x? My ideas have a chance just like other people.... I can't wait to see how it plays out!
BITFINEX:BTCUSD
by davidflana
Short term rise and mid term fall!!As you see my early idea, my target is around 7.2k. Yet in hourly we saw a trend reversal which may lead to 9.3k. But in daily MACD shows that price fall just started. However with these times we might see panic selling to 6k and make a daily chart double buttom which is a really good trend reversal and bullish movement. But for the short term we are in bear market and seeing bear market moves. Don't get caught with small price increases. Overall I changed my fib levels to latest trend change and now seeing that we 1.618 and 2.618. I doubt we will see 2.618 level. Afterall, Mt. Gox trustee still would sell a huge amount and we see fast and harsh price movements which makes deciding time zones really hard. Roughly we might see that kind of movemnts. Personally I am still in USD and waiting to buy back BTC at 7.2k and keep some usd for the probabaility of seeng 6.3 and 5k, and right after that I will go for high volume established Altcoins to increase my BTC furthermore. Have good trades and day! (This is not investment recommendation. I do not manage others money. This is only for educational reasons.
COINBASE:BTCUSD
by gambleroflife
btc trend: FA & TA I see many people saying btc is going to break support level, fall below 6k, remain in a bear trend for years before this market reverses. There is a lot of speculation that tether is going to blow up and will cause btc and all other coins to plummet in price. On the other side, many people are saying the market has corrected, we have broken resistance, and are gaining momentum for a powerful upward move to 20k+. I believe the market is going through a major correction and if your like me, new to trading and have lost money from false signals; this is a great time to practice patience, trade short, and simply wait for the market to stabilize. Looking at btc from a TA standpoint, a 1-2 year correction is not only possible but would absolutely make sense. With that being said, I believe most chartists do not factor in fundamental analysis that makes btc movement so unpredictable and why btc always exceeds expectations despite all the FUD in this space. I believe in the technology behind cryptocurrencies and in 1-2 years this technology will grow exponentially, and the block-chain will become part of everyday life and eventually become a multi- trillion dollar market. On the chart I have drawn some possible support/ resistance (buy/ sell) points we may see btc test in the coming days. Just keep in mind the following: As of right now, we ARE still in a bear market. There are still a ton of lil baby pussy ass weak hands holding btc that will sell for a loss the moment the market bleeds again. There are many people who do not understand this technology who will spread FUD in the market if you believe in this tech like I do, you will HODL.
BITFINEX:BTCUSD
by trevorbruce1
Neblio - NEBL/BTC - BULLISH - AWAITING NTP1 WEB WALLET RELEASENeblio announced today they will be releasing a web wallet in the next few days (no exact release date) to interact with the new NTP1 protocol they published just 10 days ago. We saw an immediate spike in volume after the announcement and the buy book is stacking up on Binance. Neblio is primed to be one of the top performers in the crypto space in 2018. For what the team has accomplished in such a short amount of time, it's still a highly undervalued token with a limited supply of only 12,735,977 + 10% annual staking rewards. This is one you don't want to miss out on. Looking at the chart, it had a huge 1000% gain followed by a 73% pullback from the high. It's currently holding steady at 43% below the ATH and appears to be ready to break out to the upside. It responded very well at the 50 and 100 MA showing a strong bounce with no candle bodies closing below the 100 MA.
NLong
by DerrickGibson
$MTL Great Potential PlayThe dislike for $MTL in the crypto community is well established, but even so, it looks like we may have found a bottom for a potential play. In addition, Metal is the primary sponsor for Richard Branson's Necker Island event, Necker Cup, which is being held in the Bahamas from Nov 27 thru Dec 1. With TA and FA combined, $MTL might see a trend reversal, or at the very least, a short-term pump in price. Intermediate targets can follow past support/resistance lines. Top target could be set to first resistance/fib combination. Buy: now, around 54581 sats Target 1: 74500 sats (+36%) Target 2: 84400 sats (+55%) Target 3: 98454 sats (+80%) Target 4: 114000 sats (+108%) Stop: Currently at all-time low, use your best judgement based on your own comfort level. This would be a high-risk trade (*especially with the unknown, extreme volatility $BTC has experience over the last week*), I highly suggest you limit your exposure. Potential reward might very well be worth the risk. Not trade advice, DYOR. Event: neckercup.com
M
by CryptoNoName
$XRP :: Third Best Buy Opportunity Since July?$XRP looks to be setup quite nicely for another run. The daily RSI has hit rock bottom for just the third time since July indicating that it's way oversold. In each of the previous two occasions, we've seen $XRP bounce from $0.1486 to reach to $0.3029 and $0.2950 respectively. Now that we're sitting at what seems to be a solid base ($0.200 -> $0.05 higher than where the previous two runs began), we might be able to push through our recent high of $0.3029. In addition, there's been a lot of positive news (FA) surrounding $XRP (in my opinion, the largest being a push for further xRapid adoption in Q4) since the SWELL debacle. A potential plan... Buy: $0.199 Safer Buy: Breaking recent trendline (see screenshot below). Target 1: $0.240 (21% profit, liquidate 20% of stack - buying more if we see a pullback with positive signs for continued growth) Target 2: $0.267 (34% profit, liquidate 25% of stack, potentially adding to stack - see above) Target 3: $0.299 (50% profit, liquidate 30% of stack, potentially adding to stack - see above) Target 4: #HODL, long-term investment. (leaving at least 25% for additional fib/resistance breaks, if we end up breaking recent high as stated above) Stop: $0.193 initially, with trailing stop following along the newly formed trendline to preserve any profits we might have built up. If we do break south through our initial stop, we'll look for reentries off of a bounce. There's a fib support around $0.1808, recent support around $0.1674 and the ultimate bottom around $0.1486. Not trade advice. #DYOR Zoomed in for entries:
KRAKEN:XRPUSD
by CryptoNoName
1
$XRP :: Potential ScenarioWe've bounced off of a pretty heavy resistance at $0.24 for the fourth time over the last couple weeks. Pair that with RSI trending upward and all of us heading into the weekend (which typically sees lower volume), and this weekend could see a relatively nice dip - creating the last best chance to add to your $XRP stack leading into the SWELL event. Our first target after we clear $0.24 is $0.267. Our second target will flirt with our recent high around $0.30.
KRAKEN:XRPUSDLong
by CryptoNoName
4