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Ripple "Stealing Bitcoin from newbie speculators since 2014"™
While the long term bull trend in BTC remains intact, we are at an interesting point running into resistance on low volume buys. Opening short at ~1115 and adding at to short at ~1175 (if it gets there) offers good risk/reward betting on the continuation of a new and interim bear trend that may have started on Mar 11th with the rejection of the ETF.
We have a nice wick on the daily signaling a bottom for ETHBTC. It's possible that the bounce has already played out, however after failing to bounce on low volume twice since the top in late September, we finally see some good sized volume and capitulation on the wick (Dec 6). It looks like this is a good opportunity to long at least up to resistance at about ...
Demonstrated here, we see Monero's tendency to make 76.4%, 61.8%, and 50% retracements from the tops. After a tremendous rally, this scenario assumes that the move under the 0.0185 BTC level has signaled the end of the rally and the start of a trend reversal.
Drawing a fibbonaci retracement from the all time low to the high at .0185 BTC shows the the 1.272 level ...
We see quite a few "bubble cycle" charts on BTC here. Well here's one on a longer timeframe, we're still in a dead cat bounce.
BTC's peak of usefulness and adoption was 7 years after the genesis block, you can see this on my previously published chart. I'd expect the last high for BTC will top out somewhere around $700.
By 2023 we will be living in a very different world. Cryptographic money may be common, but the layman will not know that he's using it. This money, however, is not Bitcoin. After years of failing to adapt,to its rapidly advancing technological environment, BTC slowly fizzles out into obsolescence.
But the vision of Satoshi is not forgotten. The very meaning of ...
BTC is getting some attention recently with the unfortunate events in Greece. I feel there should be some increasing demand for BTC over the course of the next few weeks as the situation unfolds and gets uglier.
I'll be looking to buy in the next few days to week around the 1550 cny range,
I do fear, however, that while more pumpage in BTC/LTC from the current ...
So we haven't seen a suicide hotline post on reddit in a while, but the past two times they have gotten attention have been excellent places to buy. I feel we may have another opportunity to contemplate suicide and buy as we may go to test April highs or lower if demand does not increase or good news doesn't catalyst further adoption.