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Bitcoin: Institutional money is stepping inI heard from very good sources that there were Bitcoin investors within institutions... ... Mental institutions. Technically true. Sorry for this lame joke :'( Stole it from Tr0llyTrollFace Bitcoin investors are more stupid and mentally unhealthy than usual. But not really compared to retail investors if you read from the past, they have always been this stupid and crazy and end up depressed. "Doing the same thing over and over again and expecting different results is the definition of insanity" Therefore, all Bitcoin "believers" are institutional investors.
BITSTAMP:BTCUSDShort
by MrRenev
11
BTC Historical Growth TrendI see people posting charts showing BTC following a horizontal parabolic trend (the curved green line) where the price of Bitcoin reaches a stable valuation several years in the future. I present here an alternate view showing a general growth trend (purple channel) that extends back to the beginning of BTC on Bitstamp and represents 150% growth year-after-year on average. There are moments of exuberance/hype (green channel) where the price skyrockets only to be followed by a crash that brings us back into the channel or below it (red channel). I've based this general growth channel on the steady 2-year growth from early 2015 to mid 2017. Now we are back in the channel, although note that we are on the high side of it. I couldn't tell you whether we go up, down or sideways from here but I think it's important to have an idea of the general growth trend of BTC while we are still in an early adoption period. What happens next depends on whether BTC actually has technical utility such that it reaches widespread adoption and whether investors see it as a store of value, has growth prospects or is just a pipe dream. From my perspective, I see a lot of talented and enthusiastic people putting their time and money on the line to develop the cryptocurrency infrastructure and drive the success and adoption of the world's most significant digital currencies. I include Ethereum and other important altcoins in this mix. There are sure to be more attempts at government regulation as well as more interest from institutional investors and retail trading operations. There are pros and cons of both probabilities. Personally, I'm excited about what is on the horizon and I'm excited to be a part of it.
BITSTAMP:BTCUSDLong
by quickshoe
3
The 2019 Bitcoin bubbleTextbook psychological stages... Check Twitter TradingView Reddit etc. Check comments in my ideas March to June 2019. Baited a few guinea pigs to get that content. I will make a new idea for all time Bitcoin. I was using a "capitulation will come soon", but a new idea will be better. Will release it tomorrow, and link the important Milestones ideas in it. I will make an educational (free) website in the future and this will all go in it. Now entering "Tremble before the might of Bitcoin puny mortal" stage... The skilled ones understand this is a game of probabilities. Could top at 20k, could top at 30k, could top at 99k (0.01% odds), nothing in between (if we get to 50k we will not stop there). But the highest probability one by far will be 13k. Maybe a little under just like 2017 bubble topped at 19700 not 20k.
BITSTAMP:BTCUSD
by MrRenev
22
EURBGP makes history, easy shortEURBGP makes history, easy short I’ve went back to 2000 and looked for any periods of time where the EURGBP has had more than 12 consecutive daily candlesticks where the Open was greater than the Close. Never. In fact, the most I found was 7. So this is a pretty extended move in time. And it’s a straight up parabolic rise as well. This is very much what Gann would have called a ‘blow-off’ move. Almost the entire move has been on lower daily volume (exception being the 21st). The RSI and Composite Index are also at historical highs and showing similar structure in their peaks. This pair is bound for nasty mean reversion trade with at least a 50% retracement.
Short
by itsjustanalysis
11
Bitcoin's Previous Beark Market and it's SimilaritiesWe are about 500 days into the bear market now and I thought it would be fun to record the similarities between the current bear market and the previous one. Below, we may see what the future could look like. To start, we can see the bottom of the previous bear market was almost 87% less than the all time high compared to the current 84% bottom. Both times it took about a year to get there. (Show in the chart above.) Below we see on July 9, 2015 (one year before the bitcoin halving) price had rallied to the 50 week moving average (red line) then subsequently fell by 34%. This was the last low before price rallied to the halving date. Now, keep in mind history will not repeat PERFECTLY . Recently, price rallied to the 50 week moving average on April 23, 2019. This movement is very similar to the previous one albeit a little early if we are considering the "one year before halving" prediction. We also notice that after price bounced off the 50 week moving average it fell down to the 200 week moving average (blue line). I find it very interesting that the 34% decline in both scenarios line up with the 200 week moving average closely. So far, the symmetry is uncanny, to say the least. I feel like, until we see a major deviation in this pattern, we can expect a similar outcome. I am expecting one more drop before we see a significant rally. I will be looking for bullish news leading up to the drop. If the majority of traders are usually on the wrong side of the trade then it would be reasonable to see a lot of talk about bitcoin being in a bull market and that price could go to $X,XXX. The price retraction should catch people by surprise. On the other hand... Some things are different this time around. People are more aware of bitcoin, it's halving, and it's 4 year cycle. As well as the new option for short trades. I'm still trying to decide how these factor in. I am still bullish and I am still expecting a retraction in the near term, but unsure of how great the upside will be. As of now, I am confident price can reach $10k. After the halving next year, I won't be surprised to see price between $30k and $50k, but I am unsure the likelihood of that outcome due to the ability to short sell now and the upcoming economic downturn/ global financial crisis. I am curious about your opinion on this analysis. Please leave a comment about your thoughts on how short selling and the upcoming crash could affect the future of bitcoin. As well as any thoughts on how greater bitcoin awareness will affect it's future price. I can see both sides and am interested in gathering opinions. PM me if you do not won't your comments public, I would still like to hear from you. As always: Not financial advice. Always do your own research.
BITSTAMP:BTCUSD
by AnotherAnalyst
A grand picture on timing in Bitcoin1.618 is our golden number here With the high in December 2017 Bitcoin had just ended it's largest Elliott fractal (big blue wave) which had taken about 7 years plus to form. There is evidence that Bitcoin currently sits in a major correction that is not only correcting the 2017 bull market but the entire 7 years bull market which could possibly extend the bear market significantly. With the help of Fibonacci Time Zones, drawing each of them from the lows to the tops for each impulse wave that completed. All capitulation phases start to align almost magically to the 1.618 number (red marked lines). The question now is to which of the two red lines are we possibly correcting? my personal guess would be to both of them kinda! Please take this with a grain of salt Bitcoin is the most bullish asset in history just by its pure fundamentals alone a global black swan event could always bring the price possibly overnight to the very moon.
BNC:BLX
by ZtCedric
1
Be wary about the Sudden Rise, watch for the minor correctionBTC.... and altcoins Like everything in life - there is only so much good news that gets rewarded immediately before people have second thoughts. My opinion: we are at the beginnings of the bull market - but not committed yet... therefore - I think we are in for some correction for a short period of time. While Hodling is good overall, be wary that you don't just lose your immediate profits for today. I'm happy to take my profits and park it, then I'll reassess in a couple of days time - when Prices have dropped again - then that's when I'll jump back in a better prices and ride it up the profit line again. Just my thoughts... lets just see.
COINBASE:BTCUSD
by davidcummings
SPX long-term observationZooming out and looking at the big picture you can observe some long term trends and similarities. Ever since the world economic crisis at the end of 1920s and beginning of the 1930s you can find a long-term bull market which was regularly interrupted by some short to mid-term bear intervals. Coincidentally a series of two big declines within 7 - 10 years are touching the lower trend line and laying ground for another powerful 30 year bull market. Based on this historic observation you can elaborate on a scenario where the SPX is likely to enter a bear market within the upcoming year(s) until it again hits bottom of the long-term trend line. As I said it is just one possibility and history does not necessarily have to repeat. It tells me at least that now might not the best time to buy into the market. I'll wait for the possible big discount to come. If that won't happen I haven't lost anything, but if it does I can utilised bigger uptrend potentials.
SP:SPX
by AndreasArnold
4
Bitcoin makes history! Biggest bear move in its history!Unless something changes in the nex t30 minutes (its 1721 CST right now), Bitcoin looks to close the month of January lower than it’s open. This will mean that Bitcoin has been in a downtrend for the longest consecutive month period in its entire history. The record for the longest consecutive bearish monthly closes was over 8 years ago when Bitcoin traded lower each month from June 2011 to November of 2011. And between that time and now, there was one 4-month long period of lower monthly closes in 2014 from July 2014 to October 2014 – that was during the Mt. Gox debacle. Not only does this historical move exceed all other consecutively lower monthly closes, but it also creates a new lifetime record of months where the high a month has failed to match or exceed a prior month’s high. January 2019 represents the 7th consecutive month where the high of the month has failed to meet or exceed the prior month’s high. This previous record was held back on the same June 2011 to November 2011 – but it was only a 5-month period. This strength and longevity of these trades have been remarkable, for any market. It is very strange for there to be such a strong and persistent move without any significant corrective behavior in a 6 to 7 consecutive monthly period. e are approaching the end of the 700-day cycle – a cycle that indicates an end to the bear market and the beginning of an accumulation move that would last over 700 days. When we measure the time from the Mt. Gox all-time high to the lowest low before its expansion (the one that leads to the 2017 high), it lasted 59 weeks, or 413 days. If we measure that same time distance from the new all time high in December of 2017, then 413 days ends this week. It will be very interesting to see what happens over the next two months. Ideally, we would see February at least create a condition where we have a high that exceeds the January 2019 high and ideally we would have a February or March where the close of the month is higher than the open. This is a very strong probability given the very simple but extremely powerful 180-day Gann cycle – which frequently turns markets into new trends. Additionally, we are right on the 2/8th time pivot at the start of a new month (image below)
BITSTAMP:BTCUSDLong
by itsjustanalysis
1
8 of world's 10 biggest companies are americanHere is something I never posted about, I am sure I mentionned it but did not allocate more than 1 line to it. Here is the top 10: Apple Alphabet Microsoft Amazon Tencent Holdings (social media, microtransaction infested mobile games, league of legends moba, etc) Berkshire Hathaway (Warren Buffet financial holding company) Alibaba Facebook JPMorgan Chase Bank of America Mainly famous names, except perhaps the 2 I described between parentheses. Let's look at the past. Back in 2007 the super high market cap podium was full of european companies. etc... Back in 2000 if you do not know already, the uber-cap were the overvalued "infinite productivity" revolution us tech stocks. Back in 1990 the uber-cap club was full of Japanese companies (Satoshi...) In 2018 8 of the world's 10 biggest companies by market cap are american... I wonder what could go wrong? BITCONNNEEEECT! Forums & social networks are full of bagholders reassuring each other, and "buying more" and "selling my house to buy the dip this company is extremely undervalued". RIIIIIIIIIIIIIIP. Just go take a look.
TVC:DJI
by MrRenev
NVDA Set to Test ATHNVDA is set to complete another bullish ABCD triangle within its skew-up parallel channel. The last time we had an upward C phase with a gap in the daily was back in January. Expect NVDA to test $285 and up to $290 if it breaks through. Sharp resistance is expected around $290 and beyond - the farther it extends beyond $290 the greater the severity of the correction. Short term bullish, medium term bearish, long term bullish. Only playing with vertical spreads using a bounded-range strategy.
NASDAQ:NVDA
by Derivati_Capital
ETHEREUM reversal on its way? or more blood to come?Hello everyone and welcome to yet another idea of mine, if we look at ETH over the past month you would olmost say it is dieying out But dont get fooled eth is still by far the number 2 in total value aswell as volume & transactions Now before we start with the analysis you will have to understand the reason why ETH is losing its value so much. To start of ICO's *Sec and other security instances are not happy with ico's and the amount of scam ico's they will there for try to solve this, the impact of this is in some sort of way negative news as a result of a continue sale off of ico tokens aswell as ETH. *The effects of an ending hype is also part of the prices dropping more can be found in this article about it www.coindesk.com ETH Issues Although the Ethereum blockchain is the second most popular in the cryptocurrency industry, it actually has a few issues regarding scalability. (Scalability refers to the number of transactions a blockchain can process per second.) Ethereum is only able to process 15 transactions per second. In the early days of the project this was not a problem, as not many people were using it. However, as Ethereum has got more popular, it has become the biggest issue the Ethereum blockchain faces. To give you an idea of how limited it is, the NEO blockchain (which can also process smart contracts) can reportedly process up to 10,000 transactions per second. Unless the Ethereum developers resolve their scalability issue, then organizations might consider using other blockchains to host their smart contracts and dApps instead of Ethereum. If this happens in the future of Ethereum, its price is likely to crash. (as shown how the past weeks been) So, as you can see, this issue is of paramount importance. ETH solutions *Casper* there are solutions to scaling like Proof-of-Stake (Casper) Although the Casper upgrade was first discussed in mid-2017, the team are yet to finish working on it. It is believed that it will be installed during 2018. *Plasma* The Plasma project was first announced by Vitalik Buterin in August 2017 and is being developed to solve Ethereum’s scalability problems. Essentially, Plasma is a protocol that will allow the Ethereum blockchain to remove the need to process unnecessary data. It will do so by creating a second layer on top of the main blockchain. It will still be able to process smart contracts, however it will only post them to the blockchain once the contract has been completed. This will significantly reduce the amount of computational power the blockchain needs to confirm transactions and it will also save lots of memory. The Plasma protocol will also speed up transaction times, which will allow the network to host dApps without slowing the system down. Plasma development is still in its very early days of production, so we are not yet sure when it will be installed on top of the Ethereum blockchain. *sharding* Just like in the case of the Plasma protocol, Sharding is also being developed to solve the issues of scalability. Before understanding what Sharding will do, let’s try and understand what the actual issue is. At the moment, every node that is connected to the Ethereum blockchain needs to verify every single transaction that goes through it. For example, if there are 4,000 transactions that need to be verified in the next block, then every node must verify all 4,000 transactions. Although this is really good for security, it also means that the network is only as quick as the individual nodes that are connected. to make the story short, doom thinkers this is not the end of ETH like any other blockchain it has its issues and will adopt over time. Techical analysis: mid term (2 months) So far we seen mostly red on the boards of ETH past weeks if not months with no real corrective move however i think ETH is finding a bottom or (temorary bottom) soon This is becuase ETH is finding some strong supports between 190 and 150 USD the long targets would depend on how long it takes to go up as we have descending resistance lines therefor changes daily, if it comes to fibbonaci we can find targets at 327, 423, and 498 USD i am bullish becuase of indicators and the upkoming update in oktober, we have yet to see what it brings to us, but the fact its trying to solve issues is in my opinion a bullish thing i hope you enjoyed the explaination & technical analyses, if so please make sure to follow me and give it a like as appreciation! will regulary update this idea along the way! thanks again!
BITFINEX:ETHUSD
by NGenetics
23
History of Bitcoin - Is it only the Beginning?October 2008 - The idea is born! Like most of the revolutions or innovations that we used to hear about through the history, everything is starting from an idea. In October 2008, what started as an idea has become a currency used by black markets and put in portfolios that some investors want to trade like stocks. January 2009 - The right currency, in the right time Many different theories and conspiracies about why Satoshi Nakamoto proposed the currency alternative. One of them most surprising notions is that it was a response to the global financial crisis in 2008. May 2010 - Creating Future A person uses bitcoins to order pizza three months after a marketplace was established for the currency. The pizza cost the buyer 10,000 bitcoins. July 2011 - Safety Concerns The cryptocurrencies are exposed as being just as unprotected as the paper kind when some of the bitcoin wallets were subject to hacking and theft. July 2012 - Risk Management of a Growing Trend The use of the currency grows, trading volumes have been increased but its largely relegated to some dark sides of the internet including black markets that deals with illegal goods and services. July 2013 - The Winklevoss Brothers The Winklevoss twins, Cameron and Tyler, both Olympic rowers nemeses of Mark Zuckerberg – at the time what appears to be one of the single largest portfolios of the digital money. September 2013 - Flipping a Coin on the Price of Bitcoins SecondMarket, that allows investors to buy shares of the most-traded private companies like Twitter, gaining investments for a fund that will hold only bitcoins. October 2013 - Silk Road Shut Down Ross Ulbricht, 29 years old who believed to be behind Silk Road marketplace, has been arrested by F.B.I on narcotics and money-laundering charges. November 2013 - The Regulators starts to see the value; Investors Hasten to Agree On November 18, The federal officials estimate at a Senate hearing that such cryptocurrency networks offer real benefits for the whole financial system even if they support new ways for money laundering and illegal activity. Year: 2014 - Adoption of payments giant PayPal and Technology goliath Microsoft The biggest story of bitcoin in 2013 was its meteors rise in price, which saw it hit a peak of over $1,100 in November. However, during 2014 it has represent a drop of more than 50% according to CoinDesk Price Index. Year: 2015 - From Worst to First: Bitcoin price ends on Top According to CNBC and Bloomberg, Bitcoin was the best-performing currency of the year. Gaining a net of almost 40% gains. Year 2016 - Bitcoin breaks new record Those who saw it coming please raise your hand: Bitcoin not only bounced back from its 2015 doldrums but went on a trend that saw it going almost 120% from the beginning of the year. Year 2017 - The New Era Of Bitcoin Begins Bitcoin prices brake a new record of reaching over $3,200 a new digital currency forced to split the block chain in two – Bitcoin Cash has been created. The bitcoin community has been divided on how to solve its scaling issue. Bitcoin miners attempted to solve the scaling debate earlier this month by signaling support for SegWit2X. And because Bitcoin Cash will have all the history from the old blockchain, any investors with bitcoin tokens will receive the same number of tokens on the new blockchain. The question still remains, if bitcoin will change the new monitory system and replace the central banks or does the bubble is about to burst? Those who have been sitting and waiting all those years surely became frustrated of losing an opportunity of making their fortune. “To know nothing of what happened before you were born, is to forever remain a child.”
BITFINEX:BTCUSDEducation
by ReadBTC