Topic: Analysis - page 87. (Read 941582 times)

I am pretty sure ETH is a bubble.

Ask anyone on the streets of they know what ethereum is and nobody will know. Even if ETH were to pass bitcoin in market cap I suspect bitcoin will still be what comes to most peoples mind when cryptocurrency is mentioned.

Well, market cap is still above 2013. https://blockchain.info/charts/market-cap?timespan=all

Still this is pretty nasty, and I hate to see money flow into ETH.

Exactly. A 300$ decrease and now a 100$ bounce back and everyone be like: wow bitcoin is doing great. Lost alsmost 20% of hi marketcap, saw ethereum getting a 400% growth. Well done all, its going great

If not for core's failure to avoid a blocksize debate (by phasing in the blocksize increase like satoshi suggested 7 years ago, and working on SPV clients instead of pushing SegWit) we would have easily been at $10,000 right now.

But instead all the money that was supposed to flow into bitcoin flowed into alcoins instead, dropping bitcoin from a 95% share to a 65% share of total cryptocurrency market share.

It seems to me if price was determined completely by fundamentals, the threat of a fork would have driven price much lower.

But wait! If it forks we'll have coins on two different chains. A free dividend! So I would think the price would be much higher.

So confusing!

It doesn't prove anything. In fact, Luc was right about a new ATH, just not the height. It's only down from here until the coin forks.

So silent here....because Scaling debate.

Which proofs that price is determined by fundamentels, not so much by Elliot Waves.

Sell when everyone is buying is the standard wisdom and buy when others are selling.     Thats basically sound because all buyers is similar to all passengers of a rowing boat standing on one side, its not stable and price becomes inaccurate and volatile.

The problem is to judge when is everyone selling or is bitcoin just really volatile, prices move greatly from exaggerated trades on exchanges but the silent majority continue to hold and use bitcoin lightly.    Are we seeing massive differences in bitcoin trade, day by day or is it much the same.
  My view is there is much doubt with every rise of bitcoin, there is no magical story backing bitcoin that people are clinging onto.  The ETF thing has been around for years and once again the goal posts are moved.
If anything at this point you should consider selling if they ever put that ETF through,  I imagine this is part of the end game now.     They'll only let BTC be official as an asset when its already succeeded and most growth is over ?

If there is doubt on bitcoin rising and it continues, this is a balanced rise.   Weak hands regularly take profits.  I would like to judge if more people are using or at least trading bitcoin as viable or if the number drops.   That will depend on China I guess, events there matter.

TA wise I see the chinese btc price as retracing 61% of its year start rise and fall.    Its not especially weak then especially as volume has disappeared ?    Is there some reason we see little volume now, that could be worrying I guess.   At present low volume shows as bullish to neutral, we not pressing ahead in either direction.

The dollar price and exchange may be much different as dollar itself is speculated on and has news on its rates  etc.   However most volume is in China so that should be the price to examine most closely.

I previously said 1270 as a ceiling to surpass.  IF you want a line to draw in the sand here, look for weakness below 1047.  This would be a repeat of some February action when it climbed above, 1150 would mark good progress if maintained as a low not a declining ceiling.  

Any new thoughts about the south moving price?

i think this might be just a small correction before the final fomo spike to 1500-1700usd, after that we probably get bigger dumps
- EWO shows bull div on 4h
- RSI shows bull div on 1d
- might be wave 4 from impulse from 735.26usd bitfinex bottom

That's one popular strategy. I prefer to sell high, and then buy low. The goal is more bitcoins.

From a TA perspective setting aside ETF, how far is this going to drop and where do we have solid support?

Not every chart is published publicly. You can find that chart at his vk.com site.

you are right. the current bitcoin prices began to fall, and it probably will trigger panic selling. however, I also feel that bitcoin prices will not fall too far. sell it at this time would probably get a good thing in the future.

Better yet, you should panic sell at the bottom.

I'd say sell, especially with the ETF, BU, etc. going down rn. Just wait till it blows over and then buy in

So I should sell then.

Well in my analysis bitcoin trend really shows good progress these few months from january to february, it has a good performance as wel. That is really a profitable record of bitcoin since the previous years drowned by its price in market, and now its a histotic happening that brings bitcoin into the peak of success.

I cant find this chart on the PentarhUdi TradingView Account.

Interesting to see the more bullish case there is a continuation of the current drive up to 1700-1800 region before a pullback late-March/early-April timeframe ...