$8k top sometime around Nov. 5th-6th If the current trendline holds, the setup count will hit 9 on Nov. 6th at 3am, which is a likely top before a brief correction.
Current hard fork FOMO could keep the price high without a correction (or at least much of one) since most people
will hold their coins until the fork
Fomo
GIVE FEEDBACK. Current BTC trend.So the current trend broke the trend BTC had since Half July. FOMO for the hardfork has kicked in hard. On the current trend, it would reach 10k before the Hardfork :O
This is not at all a prediction, I was just wondering what will happen. The price is reaching the bottom limit of its current trend, so it will be interesting to see if it will bounce or not.
In the days leading up to the Hardfork we will see how the trend deviated from what I drew here. stay tuned!
Please for the love of god guys, give me some feedback. I'm really excited about crypto currency and trading in general.
Started From the Bottom Now We Here ($170 => $6,400 =>$10,000?)Its been a long journey, and we still haven't seen that euphoric FOMO pump (at least it doesn't feel like it). Looks like we've been progressively getting more vertical, more and more good news/publicity, Segwit2x fork... maybe it's time.
Not investment advice, but keep in mind: November 2013 was the last real bubble, and Bitcoin is based on math. Who knows? Lets see how this plays out.
BitCoin to DA MOON! HODL ALL THE BTC!!!With the article coming out from the head of the International Monetary Fund supporting cryptocurrency and the upcoming BGold fork, the HODLers and the FOMOers are coming out of the woodwork and dumping their alt into BTC. There may be dips and dumps along the way, but I think BTC to $7k by the end of this month. We shall see what happens after Nov 1st . . .
www.cnbc.com
Be Brave. Short BTCFOMO at its peak right now makes it a good time to think outside the square...
BTC at the top of the channel at point of resistance around 4600.
RSI overbought.
Money has shifted into BTC from Altcoins in a wave of fomo that spread across the globe with people trying to 'cash in' on the upcoming forks. But...
The depleted altcoin market now presents a much stronger opportunity to claim large gains...gains that will be stronger than those of the Bitcoin Gold fork taking place late October, and
the distrubution of coins likely Early November - still a while away.
Expecting a swing back to the 4400 level due to this combination of technical and macro analysis. Good Luck.
1 year BTC-USD Logarithmic Projections UP or DOWNIf Bitcoin continues to grow and succeed, it could push the higher limits of this graph and be close to $40+k by the end of 2018.
Should it be doomed to a hard forking future of obsoleteness, see the lower projection headed to a lowly $34 before the year ends.
We will all decide, or will we?
Could the FUD/FOMO standoff cause the governments/banks/people/business to abandon the crypto godfather in favour of a new sleeker project without the heavy mining costs and Satoshi's golden chest?
Time will tell...
BTCUSD - The FOMO is so thick, a chainsaw is required to cut it.Stepping back a bit from Elliott Wave Analysis (yeah, I do that too, but there are so many other voices...), the Fear Of Missing Out (FOMO) radiates all over the BTCUSD charts. What my experience has been, is that the FOMO does not lead to sustainable breakouts. Key word: Sustainable.
It is most obvious on the Kraken data feed. It actually traded at an ATH, for a while, a few days back.
On the other charts from other exchanges, we can see this too. Depending which dots or data points are connected, all of the charts can display a rising wedge, a Bearish pattern leading to a breakdown. Should this happen, it may act to calm the BTC enthusiasm enough to establish a Sustainable bullish pattern that eventually leads to sustainable new highs, a the kick-off of Elliott Wave V for BTC.
A rising wedge is the perfect chainsaw therapy to cut through the FOMO and develop a sustain base from which a long run set of higher highs can be established.
BTC potentially forms descending wedge/inverted Head & shouldersBitcoin (bitfinex) maybe be bottoming based on a potential descending wedge inverted Head and Shoulder formation.
Projection could be an upside move to about 1880 USD, but first lets worry about getting above lines 1 and 2.
If we breakdown through support we could see a drop to ~1600 USD
Watch for RSI to climb back into the upward channel to confirm a spike
BTC USD attempting to breakout of triangle formationBTC has consolidated nicely the past couple days and is now filling a triangle formation and on the cusp of breaking out.
Lets keep an eye on volume. If we can build support on the middle black trendline there's a good chance the bull resumes.
Otherwise watch for a correction down to 1730 USD
BTC USD heading for at least 2250 USD?Mega Cup and Handle formation could be indicating a big move to at least 2250 USD (with a few bumps in the road along the way). Plenty of FOMO news articles surfacing in the mainstream. Segwit as well.
Previous cup and handle projections extended further than the forecasted magnitude, however the target zone ended up as future support once the correction started.
100 day moving average reached new highs a couple months back.
RSI has room to run, especially when compared to the relative strength of the previous moves, relatively speaking!
Strong signals for a new hype cycle.Describing this last hype cycle from 2013, after the old All Time High of 1000$+ price found a solid floor at 200$. After some months in those lands, it incremented to more than 400$, starting the first "Fear Of Missing Out" cycle, because the demand of people wanting to buy bitcoin was really noticeable at that point, so the price made a short term bubble.
Price reached stability at around 400$, then again the buying walls were too big in the exchanges and another FOMO cycle appeared, making the price to go higher than the 700$ point. After some correction, an updtrend started and reached the old All Time High really fast, so an ovbious correction have been formed and price followed the uptrend. The ETF rejection in the secondary market of the USA destroyed the faiths of some investors who were waiting for the approve of it, so we saw a big correction the 11th of march (the day of the SEC decision), and then the price followed the old uptrend again. Price went trough the old All Time High again and an insanely accelerated uptrend started, making the price to go 50% upwards in short time, reaching a floor of 1500$, where we are now. A correction is expected soon, so this is not a really good moment for a fast buy, but it is a good one to wait for a good point to enter the hype without too much risk!
History repeats!BITSTAMP:BTCUSD appears to be in a long term consolidation, accumulation period for past 2 years. Based on previous models this is what I expect in the coming months, maybe sooner. During this period we will see distribution and mass scaling of BTC to buyers on the fence, target from moon phase is 3-6k but I will not be surprised if targets get blown away by mass FOMO due to mainstream media publications on blockchain adoption and multiple blockchain ledgers which are all denominated BTC (Ruler of the Blockchain). It's time to start analyzing weekly charts, next will be monthly timeframes.
Out of the triangle, off the top, and to the moon!From my perspective, we're out of the triangle. I'm aware that Chinese prices look very different, but the price curve is pointed up instead of sideways on increasingly large time scales.
There was a clear break-out with a higher high which re-tested the top of the triangle and bounced upwards to new 60-day highs. I think this is it; the next step is parabolic :)
TRIANGLE PLAYOUTJep, this is it. the end is near. triangles playing out and we all gonna get rekt! I really wanna see a brakUP out of this lame sideway...
BUT! BUT! there is ETH there is HALVING and there is lot of FOMO–
so, we break 400$ an I see us back at 320$ and lower. that's why I call for 430$
«time will tell» decision is near
BTCUSD developing a healthy bull trendBitcoin is at a huge juncture at $300 and it looks very close to breaking through. Plenty of room for upside and once it cracks that $300 mark, it's on like donkey kong. Depending on the risk you can handle, you can pick a stop-loss at various levels. I'm personally keeping a pretty tight stop-loss below the breakout zone on a 2h scale because I believe this is going to happen very quickly once it breaks.
When the price pops, we will see a quick run to the upper $300s before a retrace. If and when this occurs, I plan to play both sides of it. We can see volume supporting this trend on a daily time frame, but also on shorter time frames as well, with steadily increasing volume accompanying steadily increasing price. What's more, the speed of the trend seems to be increasing, although we obviously haven't reached climax levels yet, which would be indicated by huge volume and very fast upward price action. This would also be a good indicator that it's time to fold our longs and begin shorting.
Good luck!
