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BTC – we will tell you why BTC won’t go lower than $5800 –encoreHi Guys! As we struggle with no volume on the crypto market we want to remind you why we believe BTC will not fall below $5800. We made such analysis on April 11th and it is still in force. This analysis is very fundamental. It shows why we have a very strong resistance at $5800 - $6000. It is not an easy task. We have to get back to the basics. Why is it even possible to have a BTC, to make any transaction with BTC? Have you ever thought about it? We don't mean a mobile phone, public address, private key, exchanges and so on. There is a whole infrastructure, people, companies involved. Developers, miners and people who want to use it (buyers and sellers). That's it. That is the whole magic. Without them, there was no crypto world today as it already looks like. Here are the key factors: 1. Satoshi Nakamoto has/have created BTC. They figured it out how to create, safe, digital asset combining it with the whole network of miners. 2. Miners give essential infrastructure to maintain the network and make it possible for BTC to be transferred by 3rd parties. 3. Finally, we have a network effect. It means more and more people want to have, buy, transfer, hodl it. So here are 3 essential factors to make everything work. The first point mentioned here is pretty obvious and we won't go into it any further in here. One important information: Satoshi Nakamoto is in possession of around 1mln of BTC. So this is nearly 7 bln of dollars. They have enough money for the development of the project as well as keeping the price at any level buying or selling their (crypto) money. The second point is here very very important in this puzzle. To keep this network all miners and nodes has to be duly rewarded. Mining effectiveness /profitability is directly connected to the price of the electricity. 90% of costs in the time span are electricity costs. So how much $ does it cost to obtain 1 BTC? Good question ha? Most of the miners actually mine in the pools. Here is the structure of the pools worldwide: Pool___Blocks___ Share % unknown___ 886___ 20% BTC.com___ 752___ 17% AntPool___ 602___ 13.61% Slush___ 494___ 11.17% BTC.TOP___ 495___ 11.19% ViaBTC___521___ 11.78% unknown___ 886___ 20% DiscusFish / F2Pool___ 405___ 9.16% Most of them operate in EU, US some of them in China. Please look at the link. www.blocktrail.com We have to now figure it out where most miners are located. We haven't found 100% reliable data but here is something helpful. Distribution of the nodes worldwide. bitnodes.earn.com So here is looks on numbers: Country____Percentage/share__Cost/mining 1 BTC in USD • USA________23,6____________4758 • Germany____19,26____________14275 • France______6,65_____________7930 • China_______6,45_____________3172 • Netherlands__4,89_____________9449 • Unknown___4,49____________6951 • Canada_____3,66____________3965 • UK_________ 3,12____________ 8402 • Russia______2,87____________ 4675 • Singapore__2,5_____________5936 We can assume that diggers/miners/rigs are more or less same distributed as the nodes. When we calculate the weighted average (depending on the methodology as we did not take all the countries into account) we have the minimum price when it is even profitable. We range from 5874$ to 7530$. When price significantly dips someone has to take action (Satoshi Nakamoto?) and buy BTC to get the level of the BTC price when digging will be profitable again. Satoshi Nakamoto takes care of that business to run smoothly as much as possible. Without the minimum price, there will be no network. Without a network, there will be no BTC. Without BTC many people/organizations (including Satoshi Nakamoto) will be totally broke. We had 5 tests of this level since the beginning of the month. Each time if was defended. So Traders! Does this analysis make you feel calmer? How do you feel about this? HUGS! WBM Team PS: Useful links: Prices of the electricity across the world www.elitefixtures.com The list of the wealthiest wallets: bitinfocharts.com
BITFINEX:BTCUSDLong
by WBM_Team
7
LTC found the bottomWhat do you think about the title? I guess there hasn't been that much news, so the price very stable last days and for me it's good time to open a long-term postion because the TA and indicators look good, we have next data: The MACD Bullish crossover; The RSI is recovering after sitting at oversold territory; The price is trading above the light support line(7EMA) on the 3-days TF. All these signs can make some profit for investors and traders in the next weeks. Enter: 0.0089, 0.009 PT: 0.014 and higher. GL Traders.
Long
by LudwigStirner
2
This Bitcoin Formation Predicts When the Bear Market Will End Yup, for those that weren't aware (and I haven't seen a lot of charts on it, if any at all), there is a special chart pattern/formation that can tell us everything we need to know about Bitcoin if it ends up being valid. The formation in question here is the Rounding Bottom Chart Formation. This is something that I have not seen ANY one post about! So, I'll show my findings below and you can comment on it and say what you think. Bitcoin Long-Term Price Prediction Based on the Rounding Bottom Formation What you see on the chart above is something called the ‘Fib wheel’. The Fib Wheel (courtesy of TradingView), was applied on this chart to get a better idea of where we should start the rounding bottom chart formation. Why? Because of the design of the Fib Wheel itself. It virtually plots out various rounding bottom formation lengths (based on fib levels). These different lengths are designed for products of varying volatility and price fluctuation. The Ultimate Theory Everytime the price breaks into another channel, the Rounding Bottom Chart Formation (if it is indeed present), must be considered ‘restarted at that point. Below are the marked restart points to help you out: So, only twice thus far technically. hese times are represented by the transparent blue boxes in the photo above. As you can see, the latest blue box can be detected at the start of the .786 ring level of our Fib Wheel. What the Wheel / Rounding Bottom Formation Predicts Based on the wheel is showing us here, the ‘low’ could potentially be at $2,921/Bitcoin. This does not mean that it is an iron-clad guarantee. The price could 'dance around' this $2.9k mark. But, at the very least, assuming that the price remained in this channel without breaking south or north, it will eventually touch down somehwere around $2.9k. The chart shows that this would occur at some point around the beginning of November. While this is not unreasonable by any means, the price is a significant ways away from that point currently: If the price did touch this point, it would represent a 55.66% loss in price in a little under two months from this present point. However, Bitcoin is no stranger to such drops, and there’s a chance that it could eventually backslide in price again as it tests the top of the rounding formation’s ‘range’ (what would essentially break the pattern altogether). The two red boxes in the chart above show that the price has been duly rejected twice when it has attempted to break through to the next Fib pattern/layer. Currently, the overhead resistance is at $6.9k. More Information About Our Daily Resolution Rounding Bottom So far we know a good amount of inforamtion, but we don’t know everything we need to know. Here’s a list of some important things to remember/consider: Fact #1 The ‘lip’ of the cup is at $10k. Fact #2 The potential bottom is at $3k Fact #3 The cup predicts that the lip may be surpassed at any point between April 11th 2019 and June 19th, 2019 Fact #4 The rounding bottom formation (as applied in this case), predicts that the ATH may be broken at any point between June 20th, 2019 and August 17th, 2019. Here’s an illustration to reflect all of those ideas: Conclusion Whether you believe in the Rounding Bottom Chart Formation is entirely up to you. At this point, it’s not a verified chart pattern. This piece was simply to provoke some thought and cause some individuals to consider alternative scenarios to the ones that they may have in their heads currently. If you notice, this theory dictates a price action that actually matches many of the more popular theories about Bitcoin’s price movement that are out there at this point in time. Thus, it seemed worthwhile to put this theory out there to see if we can actually put a ‘face to the name’, so to speak. As always, good luck trading! This is definitely not financial advice of any sort and you should be making your own decisions about how you’d like to go about things.
BITSTAMP:BTCUSD
by librehash
63
STRATIS - May or may not lead to nice profit...TECHNICALS Hi folks, I have previously made some extravagant claims on this coin...Maybe I was blinded by hype. Here is an updated chart and where I see this coin going within the next few months. I believe the general bear market and lack of volume has kept this pair back from making some substantial gains in relation to other pairs in the same category. The chart explains some technical sides of this possible swing to ~ 250k Satoshi where there will be heavy resistance. STRAT has had quite a small breakout of a large descending wedge but the lack of volume prevented this pair from taking off properly. The RSI has touched over sold and the pair also bounced off its long term up-trend line, break down of this line was crucial and did not happen. The MACD looks to turn positive, but we need a break into positive integer to confirm reversal. NEWS On the 5th of march Pacific time the first ICO will begin on STRAT which is the Gluon ICO (Link below) www.gluon.com Smart contract developer Jordan Andrews from Stratis will also talk about C# smart contracts in London blockchain expo 18-19 April 2018 blockchain-expo.com The trade technicals and news announcements around the corner might be enough to push this coin to the target. There are a few other announcements and news around the corner for this coin, keep an eye out on twitter and their blog for updates. HOW TO TRADE Buy levels - 70k - 75k TP1 - 250k satoshi. TP2 - Hold for ATH. Stop Loss - 50k satoshi but this should not happen. PS: Only invest what you can afford to lose. Good luck!
SLong
by UnknownUnicorn89296
2
Hshare (HSR) - What do we have here?The Hcash platform is designed to be a side chain for both block-based and blockless-based blockchains. Hcash will be a value and information carrier for major blockchains to enable the exchange of value and information between these systems. PoS mining function development is completed. Main chain starts to operate (End of january) HOW-TO: You have to follow 1 single strategy: Buy low & Sell high. 3 Simple steps: 1) Buy. 2) Hold. 3) Sell for profit. There aren't many choices when it comes to day trading, you can either buy or sell. So once you buy, you can only sell, and the only way to make money, is to sell for profit (waiting until the price goes up). The only way to lose money, is to sell for a loss (not waiting, getting desperate and selling when the price is down). So remember, it doesn't get any easier than this, just buy and hold. That's it. Sell on target. You win. Please like my profile, and my views if you do follow them, i would appreciate that, thank you :-) INFO: GREEN LINE: This is calculated target (We aim to hit this price) RED LINE: This is our exit point (We sell here if price goes to this point) BLUE LINE: This is our guide line (The price should follow this line on my analysis, if price breaks this line, there is a possibility that we are going to our exit point) Take a look at my other charts (I hit my targets 90% of the time) I will appreciate if you give my profile a thumbs up and be sure to follow me to get my posts. Enjoy and good luck!
HLong
by juneztx
1
Idea about BTC WavesIt's a busy chart so, here's what I'm thinking : Early in BTC's bull rally was a large amount of chatter about BTC's dominance that propagated and peaked over time (from $500 to $20k, or November 2015 to November 2017). We've crested that initial euphoria of discovery and are diving into a new stage of discovery and investment, for a new crowd, that may propagate further, especially if crypto becomes more accessible to our daily lives. The second oomph to the wave began between $3-5K which may not crest until $100k. I've stacked three elliot waves roughly over three years (coincidentally). For the next few weeks I have the chart range bound to 15k. The last impulse wave will start with a rally to $30-40k (March or April), followed by consolidation in May (maybe the alts rally), the third wave to $50-70k (End of Summer), then finish off the year with 100k euphoria. Happy Birthday Birthday Bitcoin ;D On January 3rd 2009 Satoshi Nakamoto mined the first block with a message: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
COINBASE:BTCUSDLong
by bitman90
FCT delusional moon dreams. I prey to Satoshi Shakespeare is Satoshi reincarnated. not many people realize the relevance of his prose in the crypto sphere. To go long on margin or to not long on margin, that is the question: Whether 'tis nobler in the mind to suffer The slings and arrows of outrageous rekt on margin, Or to take Arms against a Sea of whales And by hodling end them What is Shakespeare intimating you might ask? Well of course he is implying that we must all be aware of the margin gains goblin. Wicked whales whip saw the wild wondering market. Sometimes its simpler and easier on the soul to buy on the spot market rather than with margin. And although shitcoins perhaps lack long term viability and reliable growth in their btc pairs, we can revel in the shitty shittyness of the shitcoin like a fat pig wallows in the mud and debris of its pen before its ends up slaughtered by the farmer. But you see we are no ordinary pig. As traders we will take the whale bait and get as fat and ferocious as we can; wring out as much food and financial sustenance as we can and escape before the whale farmer slaughters us. ‘You see a shitcoin by any other name would smell just as shitty.’ What is Shakespeare intimating with this quote? I believe he is implying that only insentient crypto clowns perceive the adjective ‘shitcoin’ as a negative appraisal of crypto worth when in fact it is actually a compliment. Shitcoins are the fecal glue that bond the heroic autism of greedy computer scientists trying to cash in on the crypto fad, with the purported altruism and viability of so many shitcoins as the seemingly ever growing masses exercise their right as a shitcoin soundboard to drown out any criticism of their beloved digital tulip. FCT, like LTC LSK BTS BTC XLM are among my HODLs. Ive analysed my chart using elliot wave meme lines and in addition to technical analysis id like to think this hodl is supported fundamentally. Unlike many useless shitcoins, FCT seems to have decent fundamentals. It has a fairly small market cap of 342 million, small coin circulation of 8,745,102, clear whitepaper and active development towards perhaps a more realistic goal of recording keeping on the blockchain which is a far cry from the often inviable goals of other cryptocurrencies. Devs have decent funding raising around 1.5 million in 2015 and 8 million in 2017. The coin is listed on poloniex as a margin coin and and has been in active development for 3-4 years meaning it has market support as a coin that has weathered bear markets. There is a possibility that FCT breaks out of its long term sideways structure but I may also be consumed by delusional unrealistic moon dreams. Ive identified possible meme line support levels as possible stop loss points and cost average points. We could also face a head and shoulders which could mean more down for the right shoulder around 0.002. Trade with your own due diligence and only trade with what you can afford to lose. Im a virgin with no friends who gets rekt in crypto. idk what im doing.
FLong
by captrade
3
Cardano Doubles in Price since Breakout - 12-18-2017Cardano ($ADA) has gone parabolic and to the moon! Price has more than doubled since the breakout on 12/16. As new all time highs are made, it is very difficult to predict a short term target as there is not any history or pullbacks to adequately project this. Therefore, I have used the 4 hour chart and the pullback from Sunday to project a target of 3069 Satoshis, based on an equi-distant move of the height of the triangle. This target does coincide with the outer Bollinger Band (2.5x STD DEV) and so I feel it is as good a target as any. If you like this post, please click the Like button, tell your friends, and re-Tweet! Disclaimer: This post is for educational purposes only. Trading is at your own risk.
Long
by GoldBands
7