This is not an indication that bitcoin will reach anything higher than 4-5k. Current resistance is at 4k after the last steep drop. Bitcoin will most likely rally towards 6k by the end of the year. Keep an eye out for little dips and set your current stop losses for $80-120 fluctuations. Bitcoin is still in a bearish trend, do not overcommit to this price...
If the price fails to break its last high volatility wall NAS100 (7000)... Then we're about to see a bloodbath on Wall Street. It has already completed a full double top pattern, as well as a hinting a head and shoulders (my current idea). What would cause this? Who cares, our president is exclusively economic-minded (and toots his horn a little too much) and...
BTC needs to break 6850 and if it does, then pushes higher it's gonna get volatile as all hell.
Ethereum has dropped past it's strongest resistance and is climbing for 300 again. At 300 it will either explode to 500 or just fizzle out and drop to 150-200.
Bitcoin has 3 directions: Sideways, up, down. 1. Most likely bitcoin will adhere to ETF hype and be pushed sideways by opposing bulls and bears who cannot agree. After the sideways target it can dump to the bottom of the trendline due to a lack of support and people egging FUD. 2. Bitcoin rallies up but meets resistance at 6.9 to 7k. Most likely if ETF doesn't...
The Bitcoin ETF will be generating hype in September. Also, the general trend points to an upward movement to test the downtrend.
"Short now, and buy in at 5,600." Is what I would recommend if I were more confident in my analysis. I just want this post to point out a few things. Bitcoin hasn't reached a long-term RSI around 44 in quite some time. Bitcoin RSI was only this low in 2016 Q3-4. The prices was roughly $560. So why does this matter? The answer is entirely speculation. My...
LTC is currently following the BTC trend closely, however the price of LTC reflects the same price as the 9/14/2017 crash when China (I think) announced regulations on crypto. The pattern is not at all the same since we are in bear. There's two outcomes here: 1) The market recovers in the short-term and rebounds with a double-bottom. LTC will likely bounce back...
If $400 support holds ETH above that line, go long. If it dips, short and aim to buy $300-$350.
BTC is in the midst of another ETF possibility provoking hype in the market. Good luck baby. If it breaks the channel then yeehaw.
ETH is on trajectory for 500 by the end of the month. If it fails to meet that threshold it's probably due to this whole BTC etf thing. Otherwise the second ETC or ethereum classic drops on coinbase I have no clue as to what will happen.
ETH doing pretty good things. Could be interesting to keep watching.
*I am not a professional* COINBASE:BTCUSD BTC is currently testing resistance at 10k again. Looking at the 5 year graph, I have faith that by the end of the year, bitcoin will reach 50k. That is a "safe" bet in my mind, considering that predictions in 2017 expected $5,000 by December. All things considered, 2020 is the next block reward halving. With all of...
Pink: 50,000 (measly prediction of bitcoin) BTC/USD 01/01/2019 Black, Current highest peak. Fibonacci speed resistance fan cuz it looks cool.
This is purely speculative and educational. I am not a professional trader, just a plankton swimming in the ocean. Zooming out of the chart, it appears a cup and handle has been forming on the BTC/USD graph. Cross-referencing data points from other charts that indicate bull pattern breaking the trend line seem to correlate. This can always be proved wrong due to...