Looking at the similarity pattern. after making an all time high bitcoin price will dip and re test resistance at 78.% fib retrace level then fall.
Soon i will post a fundamental news regarding ICO ban in korea and china un ban crypto exchange.
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...
I drew this chart from support from the first bullish pennant and we now facing the same support as we did a couple month ago.
at 10k satoshi. we don't know will it just touch or starting a bullish movement or it will bounce between resistance and support.
Rsi and MACD indicate a strong bullish movement. if this work we will soon see a double cross pennant....
As i said in my prev. idea about falling bitcoin and try to tell people to not panic.
you made a great fortune guy's really you are.
In fundamental side :
= SEGWIT 2x Coin desk quote = Currently, BIP 91 is close to the necessary threshold (80% of mining power), with mining pools representing about 76% of bitcoin's computing power seemingly making good on...
As we know bitcoin price is crash 20% in these day.
People are panic as shit, they sell all bitcoin they have etc.
What i going to say i'ts Calm Down.
Is the first time in history we use currency that no one ever can control it.
The main problem why bitcoin is going so low this day is because there is a ton unconfirmed transaction in bitcoin.
when i was re create my chart of nxt change it to per day.
i found that NXT it's look like a handle and cup pattern.
so i try to figure it out what price it should be the benchmark.
from my perspective i would take 0.0000585 and 0.00004322
Feel free to comment !
Note : STR Give away will be held at 27 june this month. it will surely effect to the market.
It's hard to tell XRP will be go up or down.
as i made this analysis volume is getting higher and higher.
Note : Remember Stellar give away it's on june 27 this month. it will surely effect the market of XRP
Feel free to comment.