Aplha

Aplha

Time to break the channel at 1960 or get into correction 1800

Aplha Updated 

As anticipated BTC has fallen into bear zone, although I don't see much strength shown by the bears overall, the retail market FUD causing more gloom. 6000 is what I see as the last hope for any credibility (if at all), which also is Miners last resort as any less than $6k, it's no longer viable to mine BTC. Perhaps retail miners get hands on the latest Mining...

Aplha

Following up on the previous analysis… BTCUSD is now in the Danger zone we predicted (ref my previous idea). The last hold is now 8100 and if broken the next support it can find only at 6000.

Aplha

BTC has been range bound for nearly 3days now since the cboe futures expiry bloodbath along with all the FUD on the Regulatory groups from South Korea to Europe to US-SEC/IRS… based on which I see 3 price points in the following weeks as pointed on the chart. 1. 12.5k an indication of Bulls taking control with bull zone high resistance at 15k. 2. 11k may continue...

Aplha Updated 

It's looking more downtrend in the short term and the week ahead has it's challenges with the first CBOE Futures monthly clearing followed by CME Futures the week after. Since the launch of Futures BTC has been more timid (or less violent/volatile) than we ever noticed… On the TA, the Time cycle coming to a dip within this week which could support the above...

Aplha

I believe BTC would correct and retest 11k and if not held then would've down to 8.7k… Share your thoughts/analysis...

Aplha Updated 

If BTCUSD correction does happen, I see it correcting to 9600 for this week but no lower, taking into account the Divergences and TD counts. However, consider the panic plunge wick down deeper for a few moments but not as most anticipate to 7xxx. PS: this is only my learning curve, sharing to see thoughts.

Aplha

Careful on BTC Longs/Bullish strategies folks... www.bloomberg.com

Aplha

CME releases more details on the Bitcoin Futures specs on it's website… www.cmegroup.com In summary…., 1. Each contract will have 5 Bitcoins, max 1000 contact for Spot limit 2. Order book on the CME Globex platform 3. Minimum price fluctuations (or "ticks") pegged at $5 per bitcoin, representing a total of $25 for each Contract 4. CME will release its reference...

Aplha Updated 

Thought this might interest you that's causing the FOMO (?)… www.coindesk.com

Aplha Updated 

We are at the Support levels predicted earlier and now it's time to switch to long I believe. Both the Support levels and the RSI cycle supports a trend reversal. If it now breaks support due to BCH leaching on then the next buy opportunity comes in soon at 6k. Let's wait and watch… Pls like so I can get Repu. points to start chatting with y'all.. xD

Aplha Updated 

With Bitmain accepting BCH only… All Industrial scale Miners rely on Bitmain products for Mining, so this move will let JWu consolidate all BCH positions I would think...

Aplha Updated 

I found this nice n simple read for beginners on the differences and why BTC fighting with BCH today...

Aplha Updated 

Looking just at the last 4 RSI cycles, the cycle lows have fallen just in place except for the 3rd, which was lifted back up on the news that Japan launching an exchange mid-May. The three lows were from SECs decision mid-March, Hard-fork mid-July and Jamie the most recent. It looks the dip (or Price Correction in traders speak) is imminent for whatever reason...

Aplha Updated 

Adding a few more indicators to my original post update...

Aplha Updated 

This is my view just sharing around to check if my learning is improving :)