Bitcoin, Litecoin, Ether and others.

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Old Aug 14, 2017, 8:32am   #1
Joined Jan 2017
Bitcoin, Litecoin, Ether and others.

Bitcoin/USD 13 august 2017.

Long lasting bitcoin rise since its market entry at early 2011 has
born a hope for a constant appreciation of this digital currency. In
present times this hope has become wide spreaded. Numerous mining
pools offers their shares, a wide range of producers makes and sells
mining hardware, many voices proclaim to buy bitcoins and to hold
them, as they should not get cheaper anyhow, more and more
companies prefer to make their deals in bitcoins rather, than US dollar
and other currencies. Can we say, that Bitcoin mania has spreaded too
wide ? Let us look at Bitcoin/USD chart.
Click the image to open in full size.

Long term view at bitcoin rise. We can count arising impulsive
waves in sequence (1)-(2)-(3) with awaited waves (4) and (5).
Impulsive nature, non overlapped virgin space in the middle wave
and obvious form of the previous waves (1) and (2) allow us to name
the last long move as wave (3). Corrective triangle in wave 4 clearly
says, that wave (3) is in its last thrust up and we see the topping
process.

Yes, crowd opinion "Bitcoin rises and will rise" has spreaded
widely and points to the end of a high degree wave. The end of the
current move up is near. Time to take profit has come. It would be
wise to partially sell your cash coins, sell your mining hardware or
share in a mining pool, cut electricty consumption in your mining
farm and prepare for a deep correction in wave (4). At the end of
wave (4) we could reopen our BUYs once again.
Chart has been skipped.

First waves up, close look. Triangles help us to define waves boun-
daries.
Chart has been skipped.

The beginning of wave(3). First wave has tried to make its
usual task - to break through wave (1) top, correction - wave 2 -
directly falls below wave (1) top. Usual impulse behavior.
Click the image to open in full size.

The middle and the end of wave (3). As we can see, this
part is the most complex one. Numerous three waves structures
inside the fourth wave suggest the most possible variant - wave 4
is a triangle, this triangle is not obvious, but we have chosen this
way, due to corrective nature of all its parts. Triangle in wave 4
also defines probable length of wave 5, often the fifth wave is as
long as long the widest part of triangle is, and wave 5 is already
long enough, adding more confidence in upcoming reverse.
Click the image to open in full size.

Wave 4 more closely. You can offer another waves count, but
the main thought remains the same - here ends the fourth wave
inside wave (3). Next move up is the last one in wave (3), wave (3)
is ending. Long lasting rise in wave (3) is ending, prepare for a deep
and decisive move down in wave (4).
Click the image to open in full size.

We assume triangle in wave 4 of wave (3). Usually fifth wave
has length of the widest part of triangle. As we can see the fifth
wave is close enough to this length. With every day and with every
step up the end of wave (3) becomes closer and closer. Time to
change your bullish behavior and take profit from all your previous
BUYs. Chart above shows our possible count for the last move up,
wave 5 may still climb a bit higher, but we are waiting for a top.

Bitcoin is ending its long and strong rise. A deep correction is
awaited.
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Old Aug 14, 2017, 7:20pm   #2
Joined Sep 2013
Fundamental reasons of retracement? There should be some serious split in developers community or some warning from government.
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Old Aug 18, 2017, 4:32pm   #3
Joined Feb 2016
Not sure if technical and fundamentals works in this new digital currency.. i noticed bitcoin was at 400 - 700 USD in the 2017 first quarter and now around 4000 usd, still rising.
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Old Aug 22, 2017, 6:40am   #4
Joined Jan 2017
Freevar started this thread
22 august 2017.
Click the image to open in full size.

Bitcoin has suffered a serious deep break of its upward move. With a
high enough confidence we can say, that rise in wave (3) is over, we
are entering into wave (4) - long lasting correction. Our count for the
last wave 5 is on the chart above. There is a possible ending triangle
at the top of wave (3).

It is not wise to buy or sell bitcoin right now. All your previous BUYs
should have already been closed. All bitcoin followers - ether, litecoin,
dogecoin and others should also end their rise and start deep and long
lasting corrections, tracking bitcoin dynamics.

You can read about probable targets for wave (4) movement in our
medium term view.
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Old Aug 22, 2017, 3:03pm   #5
Joined Sep 2013
Oh great some nervous guys liquidated their BTC holdings ahead of Segwit. Or something more important to come?
BTW keep two shorts from 4370 and 4000 with Нotforex, SL is already on breakeven but I want to see $3000 for this piece of code.
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Old Sep 4, 2017, 8:46pm   #6
Joined Aug 2017
Markets Update: Bitcoin Price Dives Deeper in the Midst of ICO Shakedown

Technical Indicators
Right now technical indicators show the Relative Strength Index (RSI) continues to head downwards, confirming that sellers right now have the upper hand. Of course, over the past three days, the two Simple Moving Averages (SMA) crossed hairs, and the long term 200 SMA is well above the short term 100 SMA. This again assures traders the storm is not yet over, and there is great resistance down the road. Looking at order books on some of the most popular exchanges, there are monstrous walls between the $ 4,600-5,000 positions. If support holds steady in the $ 4,160-4,200 area, bulls will have some work to do to eat through the next wave of resistance levels.
http://www.stocksmarketnews.com/mark...ico-shakedown/
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Old Sep 9, 2017, 3:00pm   #7
Joined Aug 2017
Ethereum Price Prediction 2018: $1,000 Is Ethereum Price Target

Aside from Bitcoin, no cryptocurrency is more popular and promising than Ether (the native token of the Ethereum platform). ETH prices exploded by 3,995% since the start of 2017, beating every Ethereum price forecast in the world. Yet now that it’s time to make Ethereum price predictions for 2018, analysts outside crypto-land remain gun shy…

http://www.stocksmarketnews.com/ethe...-price-target/
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Old Sep 11, 2017, 5:58am   #8
Joined Apr 2014
Quote:
Originally Posted by BULLISH REVERSAL View Post
Aside from Bitcoin, no cryptocurrency is more popular and promising than Ether (the native token of the Ethereum platform). ETH prices exploded by 3,995% since the start of 2017, beating every Ethereum price forecast in the world. Yet now that it’s time to make Ethereum price predictions for 2018, analysts outside crypto-land remain gun shy…

http://www.stocksmarketnews.com/ethe...-price-target/
Thanks for the article.
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