after hitting double top on the head/shoulder formation, blk price has fallen down again to the bottom support. with massive volume spike and segwit coming to BLK, opportunities are emerging. blackcoin.co
LTC fell out of the blue channel, then out of the red ascending wedge, but is still within the red channel. Using ALL TIME high and low for the fib retracement. LTC just made a strong move away off of trend line b and breached above trend line a, which is now support as we consolidate between trend line a and the 100% fib retracement (ie. the all time high). ...
Segwit activated now what? Segwit was successfully activated at block 481,824 as expected, this will be good (hopefully) for BTC on long term but those kind of events in cryptocurrency are bearish in short term (after Segwit activation). Price could fall to 3800 again as another corrective wave (or even more). In bullish scenario price could simply go to moon...
The correction aint over.
As segwit 2x comes closer uncertainty in the market seems to be increasing. Litecoin and XRP are the two fastest mediums back to fiat From experience I usually purchase one of these; including Ethereum in order to transfer my funds in and out of the market. Now this is just an observation, but judging from the recent spike in ETH, XRP and LTC just days before...
In my chart of 21 July I described the segwit steps. The prediction was exactly right (first trendline). Now the segwit goes on. Here is the new chart. All other movements I have considered. Let's see what happens. Happy trading. :-) See also: Chart 1/2: Current forecast:
FUD? You mean rocket fuel. This was a simple pullback. Be ready.
But not today. According to my calculations, the last bitcoin will be produced in about 2023. By the time judging by the cyclical movement of the currency, the level of 7000 is quite possible! At the moment, the time of correction in the area of 500
If you look at Google Trends , you can see that bitcoin is popular in countries such as Bolivia and Nigeria. Also, you can see a decline in interest, which coincides with the divergence of price and volume.
If only I would trust my plotting skills...
With the growing excitement for the coming Segwit I think that we are going to see a lot of volatility until it locks in. After the lock in I believe there will be strong FOMO from the non Bitcoin community. What are your opinions?
Expecting movement in downward trade channel to the uptrend line. Watch for uptrend and downtrend breakouts, it's possible for price reversals. Be careful with your trades, good luck!
Tomorrow's the big day. If you want to know what fear and confusion looks like in the market here's a perfect example. Nobody is sure what's going to happen tomorrow. At the same time, this chart doesn't look any different from any other chart, because they all represent the same human variables. I'll be watching the daily candle today for insight into...
This is really bullish scenario and while 5k BTC in august may sound crazy for some of you, I just used trendlines here and compared the situation with segwit activation on litecoin. You can choose lower targets, but the idea and the dates are the same. People are telling me this information is already priced in, but exact same situation on LTC shows...
Normally, I would long this, but there's so much bouncing right now, especially on bitfinex since they are supporting bitcoin cash(BCH). If you compare prices at stamp or anywhere else, we're taking a bit longer to notice actual movement due to people hedging on shorts for there BCH come July 1. Best case, we bounce around this area and maybe uptick to 2700. More...
On the run up to $2900 a couple weeks ago, a lot of volume went into the market to develop firm support. A breakdown of this support level could prove to be quite destructive to the BTC-USD market in the short term.