The Bitcoin Core chain stands at the end of time. Why does it stand at the end of time? There is a lot of politics around this issue, and I don't care to argue about them. You do your own research. Where you put your money is your business. In the end, whether Core remains the champion, or Core dies as Bitcoin Cash or Segwit2x become the incumbent, where you put...
Obviously we will have to wait for these patterns to develop fully, but I am seeing the potential formation of a micro-trend H&S mimicking the one we saw after first testing $5000. In addition, there is potentially a macro-scale HS& forming with $6000 being the head and $3500 being the potential neckline. This is all leading into Segwit2x hardfork mid November....
BTC showed a trend reversel after a clear Head and shoulders . It will follow the lines mirrored to what happened after the BTG -3.19% fork . There will be a dip shortly, but a rise will follow accordingly happen untill Segwit2x, after that BTC will flow into altcoins and thus the price of BTC will go down.
BTC showed a trend reversel after a clear Head and shoulders. It will follow the lines mirrored to what happened after the BTG fork. There will be a dip shortly, but a rise will follow accordingly happen untill Segwit2x, after that BTC will flow into altcoins and thus the price of BTC will go down.
Completely new to trading (august 2017) & this is my first prediction. Would love some input.
I believe we will continue the bullish run after a short pullback, and that we will se new ATH before the B2X fork. We will probably see more people buy in before the fork than what we saw for BTG, followed by the now typical sell off. We just tested the 23% retracement...
Grap some Bitcoin now @ $5500
Sell them on 16 november, 1 minute after the fork
Buy them back mid december
Sell them again in februari, and enjoy your 175% profits in 4 months!
Buy them again on 1 april for another 125% profits in 2 months... no joke!
It can be so easy.. life... and if you are to close whit your eyes, it looks so confusing...
My opinion is that bitcoin is going down toward 4k. I compare last price drop (15th of September) and here we can follow the identical scenario (referred picture). All time high followed by a drop and correction. We will expect a fall before the bitcoin gold and stable situation toward segwitx2.
What's most important in trading is protecting your money. Politics do not matter, and actually can be a clever tactic that's used to have people part with their money unknowingly.
With the upcoming November S2X potential fork, Bitcoin Core faces a very real potential black swan.
Because Bitcoin Core is only able to retarget difficulty every 2016...
From our 1 day (24hr) Litecoin chart we can see we have formed a somewhat Head and Shoulders pattern. I do expect to see a drop but I don't think by a whole lot. My reason behind that is because the Total Market Capitalisation of the entire market hasn't really gone up or down enough, its been rather similar even though the alt coins have taken a bit of a hit....
The downward trend is broken, volumes have increased and the sell walls are gone.
Massive news and developments have been outshined by the bitcoin dump and will now come to boost the price
as the team keep rewarding the market with news and efforts.
After bitcoin topped off at 5000 it made a quick deep dive to 3000 (even going below slightly) this all happened in approximately 13 days. The main reason for this is that bitcoin has completed three waves up and was ready for a potential correction but the china news about banning exchanges let it plunge at rapid speed. The bearish news of china is still...
so looking at the weekly chart, it looks as if history is about to repeat itself with BTC/USD .
looking at current fundamentals, this lines up nicely with uncertainty surrounding the upcoming Ethereum hardfork as well as the segwit2x Bitcoin hardfork in November.
so, you wanna play smart? don't touch this until that level. what's going on right now is a classic...
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. :-)
Many people out there think that bitcoin is already active the segwit.
But no. They lock the segwit doesn't mean the segwit is active yet.
the bitcoin still have so much unconfrimed transaction.
According to this website : xbt.eu
Bitcoin will active at 22nd august 2017.
Bitcoin need at least 2000 block...
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