Connect with us

Bitcoin

Winter Is Upon Us

Published

on

Acorn gathering season was cut short, let’s hope you took some profits and got to high ground before the deluge. Even the big Chinese exchanges are ceasing operations. The madness has sent the Bitcoin price running away from $4,000, and in the melee a lot of otherwise solid valuations are taking a beating. The fundamental flaw in how all cryptocurrencies are valued – the amount of bitcoins and thus the amount of fiat – is revealed when the price begins to plummet. People still have faith in all those tokens, after all, they’re just losing value as the market goes.

// -- Discuss and ask questions in our community on Workplace.

So what’s the move? If you haven’t sold already, there’s not a lot of recent room left to do it. If it’s something you think you might do, we urge you to make that move sooner than later. Everyone seems to think there will be buying opportunities beneath $3,000 coming up, so re-entry should be possible – and will likely be profitable. Every great dip and depression Bitcoin is followed by an upheaval of massive proportions, we’re not seeing much to tell us this one will be any different.

Spoke to a Hacked subscriber who sold at a profit, but probably late to the profit party. He was upset about some losses. I informed him that if he had losses, they were of the theoretical variety – you don’t have losses before you actually lose the tokens. Unless we’re talking about margin trading, a whole different form of savagery which had its own carnage over the past many days.

The market will have to shake people out now and then. The only players left from China will be those who’ve got the courage left to defy the government. The government itself will find some form of blockchain technology that it blesses and allows to monopolize, and other Asian-born and oriented financial technologies will have to find a way to work around that. NEO has a chance to be one of them, as does Walton. Or both. And more. There’s a lot of room for innovation yet. The Chinese government is probably mostly mad that it has missed out on the opportunity. If anyone was in a position to speculate on the moves of the market, they would have been working in the Peoples Bank of China. Perhaps the initial news, but the market reaction and the subsequent slowness to clarify, that was all very telling in the actions of the Chinese government.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

The author can tell you that he will be acquiring more of everything in this down market.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

4 Comments

4 Comments

  1. derick

    September 14, 2017 at 11:49 pm

    selling now? this would be very hard thing for me to do.. too much loss already.. i feel like i should just loss everything the better..

    • Inverstor Clouseau

      September 15, 2017 at 2:52 pm

      Don’t it’s too late, and the moment as you sell the market will go straight up. Keep in mind we’ve seen this incredible price action in the past month. consider the medium term, you’ll be fine.

  2. sickettyboy71

    September 15, 2017 at 12:02 am

    Buy the lows. That’s the rule.

  3. Manymoney

    September 15, 2017 at 4:06 am

    Neo or Walton coin will not be a success in China, since they are pvt entitities. China will ask onchain to accept remibi.

You must be logged in to post a comment Login

Leave a Reply

Analysis

Long-Term Cryptocurrency Analysis: Bitcoin Flirts with $8000 as Altcoin Bull Persists

Published

on

Bitcoin’s swift recovery was the main topic of the week, as the most valuable coin not just regained its steep losses, but hit a marginal new high towards the end of the period. The entire segment is experiencing capital inflows as the total value of the coins climbed above $230 billion for the first time ever after finally leaving the vicinity of the $200 billion mark.

// -- Discuss and ask questions in our community on Workplace.

BTC breached the $8000 level before turning slightly lower on Friday, but despite the severely overbought daily chart, it is still trading near its all-time highs. As the long-term picture still suggests a deeper correction, investors should wait with opening new positions and traders should also control position sizes here. Key support levels are found at $7700, $7000, and $6700, while the recent key break-out level at $5000 still hasn’t been re-tested.

BTC/USD, Daily Chart Analysis

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

Dash is still the most bullish altcoin from a technical standpoint, despite this week’s short-term correction, as the coin is trading above its prior all-time high, and this weekend, it looks ready to test the break-out high near $500. Support levels are still found at $400, $360, and $330, and as the long-term picture is approaching overbought territory, investors should only hold on to their positions here.

DASH/USD, Daily Chart Analysis

The other major altcoins are also mostly in bullish setups, with some of them already in the latter stages of this cycle, like Monero and IOTA, but elsewhere in the segment, there are still opportunities for both traders and investors. Let’s see the detailed long-term view.

(more…)

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

Continue Reading

Analysis

Technical Analysis: Litecoin and NEO Jump as Bitcoin Trades near $8000

Published

on

The cryptocurrency segment continued its bullish run, as the total value of the coins climbed above $230 billion for the first time ever, while Bitcoin also posted marginal new highs. The most valuable currency is still overbought regarding the long-term picture, and we continue to expect a deeper correction in the coming period, despite the recent strong rally. Support levels are still found $7700, $7000, and $6700 while the $8000 level is ahead as a major obstacle.

// -- Discuss and ask questions in our community on Workplace.

BTC/USD, 4-Hour Chart Analysis

Litecoin has been the most active major besides Bitcoin, as it rallied strongly after breaking out above the key $64 resistance and it breached the next target at $75 before heading below $70 again. The coin remains in bullish long- and short-term patterns, and we expect a move above the major resistance zone ahead with the next target found at $82.50.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

Litecoin/USD, 4-Hour Chart Analysis

NEO is showing strength in the second half of the session, while Monero is recovering well from a short-term dip, similarly to IOTA and Ethereum Classic. Ethereum continues to represent stability in the segment, while Ripple failed to build up momentum so far after yesterdays spike higher. With still most of the altcoins being in bullish setups, let’s see the short-term charts.

(more…)

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

Continue Reading

Analysis

Technical Analysis: Ripple Breaks Out as Bitcoin Tests Highs

Published

on

Cryptocurrencies are having another bullish session as the total value of the market surged to a new all-time high near $225 billion, with the help of the rally in BTC and Ripple, and despite the drop in the value of Bitcoin Cash. The most valuable coin its record high yet again after the brief but steep weekend correction, despite the still overbought long-term picture. We still urge traders and investors to wait for a deeper correction before entering new positions here, with support levels found at $7000, $6700, and $6000.

// -- Discuss and ask questions in our community on Workplace.

BTC/USD, 4-Hour Chart Analysis

Ripple has been the other main mover of the day so far, as the coin skyrocketed on huge volume and breached the $0.26 level before turning lower and stabilizing near $0.23. The coin triggered a short-term buy signal by moving above $0.2250 and it remains bullish on both time-frames, despite the pull-back, with another major target level ahead at $0.30.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

Ripple/USD, 4-Hour Chart Analysis

The other majors are little changed expect IOTA, which further added to yesterday’s gains and reached overbought readings, while Ethereum Classic and Dash continue to drift lower in short-term correction patterns. Let’s see the detailed analysis of the short-term charts.

(more…)

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

Continue Reading

Trending