If we look at the ETHXBT chart from Kraken (okay volume, lots of history), we can see that that the ETH BTC ratio has been forming a triangle on the daily/weekly charts. I have drawn two triangles, the smaller one connects the 6 hour closes, the longer one connects the daily highs and lows. The analysis of ETHBTC bittrex charts also has the same timeframe on the...
Unbreakable warriors and shaking weaklings alike!
I was holding this post until a few more weeks at least, I was hoping for a rally towards 13 or even 16k open short there and make a killing.
But the news might have precipitated capitulation.
It's not so much that they drop news to scare people, it's that people are uncertain enough to get scared by them.
I know, you don´t like Bitcoin Cash couse they claim to be the real Bitcoin. Actually that's another topic.
In this 3x chart we can see how there is massive capitalization pushing BCH up and coming back, so this is not only trade marks, furthermore it is the ideology of decentralized virtual currency, "how the developers have to be decentralized"... Back to the...
There was a lot of amateur buys leading up to 2018. The current down trend is shedding these less educated investors. It will take a great deal of movement to get BTC back near its highs. It's possible recovery is a long way off and more possible an alt coin will emerge as the new market cap leader.
The "flippening" is a myth and most likely will not happen. Revel in these minor price increases you naysayers, I want my 50 reputation points so I can participate in the chat I've been following for months. Love you guys, and best of luck with your trades.
The pitch fork in this chart has generally held since September (I drew it on back then, so it's not been retrospectively fitted) the last time it broke down from it, we saw a large corresponding drop in short interest as can be seen at the top of the chart in red (shorts) and green (longs) there was also a large spike in volume - quite probably the shorts...
When you can´t beat em join em !!
Expect long after long peeps !! This coin basically makes trading free if you accumulate it.. It´ll be the first to really cause a flippening with BTC..
You heard it here first ... lol
Have fun and Best of luck !!
*** scale is log
With around 65% of the whole market ruled by BTC, is www.flippening.watch still relevant ?
I think that most of ETH cap will be sucked to pump IOTA the real concurrent...ETH was 45 billion few days ago, today almost 40...
As soon as people will realize that blockchain maybe can't be used for a daily payment system, they will move towards new ideas and...
BTC (and the market) are due a correction and ETH is ready to kick an off Elliot 5th. This speculative model suggests the factors that could contribute to ETH re-gaining part of its market market dominance from BTC.
I think this chart shows quite nicely how "close" we were to it happening, of course, it could still quickly change ;)
In times of high volatility and panic, I find these high level views really useful and to keep things in perspective. Too often things look a lot more dramatic than they are.