BTC - Correction in progress - Possibilities
Hello all,
The BTC is currently correcting... so what can we expect now :
We have 2 main scenarios :
- We can see currently that a DOJI is formed on the last candle. This DOJI gives most of the time a change of direction. So we could stop now the correction and start again the UP
- The DOJI is not able to stop the correction and we will go touch the support line in red before using it to make a new UP.
I wish you massive profits,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Version française ici : [FR] BTC - Correction en cours - Les Possibilités
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Good analysis. I think it's a temp correction and will continue to trend up with BTC.
I am not a expert trader.so i believe in long term investment
great post thanks for sharing
when bch up and then bitcoin down
In my opinion the BTC will continue to fall because bch or bcc ( bitcoin cash ) is the upgrated version of bitcoin. Before BTC was the main way to access the crypto world through fiat now you can see on coinbase: they added BCC. That's why bcc go up.
Zek, you sound like Roger Ver :) BCH is an alt coin which is why it is not called BTC.
Any cryptocurrency is an alt coin. I know that BCH is another alt coin, i'm just saying that it is very confusing because in some exchange Bittrex the bitcoin cash is traded in BCC/USD or BCC/BTC meanwhile in Bitfinex the bitcoin cash is known with BCH/BTC. Moreover, the BCH was created to solve the BTC high fees problem.
That is why the community is not loving Bitcoin Cash so much. It is just pure speculation using "Bitcoin" name.
Zek, in response to your argument I would have to say that why would I use BCH when there are far superior alt coins in the market like litecoin, dash etc serving different needs?
I will tell you why lucygarrod, As you can see "Bitcoin Cash" has the word "Bitcoin" so the beginners of crypto will prefer those coins that has something to do with "bitcoin" rather than unknown name's coin. so 1 we can say that because of the masses BCH has potential to be most famous and invested=rise. 2 The powerful guys move the market, jihan wu, roger ver, ... =rise. Then BCH get popular so the merchants will accept this crypto. Skrill,Neteller,Steam... only accept btc for now. BCH has a big potential to be added. The crypto war depends on which coin is easiest to trade and to use.
Read what I wrote below. Litecoin is much better than BCH - this was just a pump, the exactt scenario that happened last month
BCH is better than BTC, Litecoin or others alt coins also are much better than BTC. Pumps are normal scenarios.
That true bro..
Zek if you follow the logic of your argument, BTC is falling because BCH is better then surely BCH should also be falling because LTC is better than BCH.
I said BCH is better than BTC as other coins. BCH is rising because of the fact of coinbase. They are 2 arguments.
The more alt-bitcoins they invent or fork, the more people will stick to the original, never underestimate this
This time, it's hard to predict what's gonna happen to btc as the bch came. It's still safe to invest for steem.
Interesting. It's already stabilised at the 16500 USD levels while Bitcoin Cash has fallen through to around 3300. What would also be interesting to see is whether the smaller Altcoins rise or if they also take a hit along with BTC.
Much money was withdrawn everywhere so it could take part in the BCH run... Bitcoin suffered a major setback this night due to the addition to coinbase - this was of course deliberate and placed at the exact time when BTC was struggling with a correction - well-timed for no other reason but to bring down the market and earn some easy money, plus "take over bitcoin the brand" (Litecoin is the better bitcoin cash).
There's after all the dedicated interests of whales around Roger Ver and his fellow psychopaths, the Chinese miners in this play. So much for the assumption that every day news have nothing to do with market corrections, and that they only explain what Elliott Waves predicted.
One could even guess at a deliberate attempt to destroy bitcoin, by first torpedoing the Segwit2 fork in the interest of raising BCH, so that we have two bitcoins with equally 'low' prices, and eventually Wall Street can enter low and then dominate both.
This is what's going on, the timing was perfect, the whale money coming from Asian exchanges no doubt while most of the West was asleep or getting prepared for the night.
Bitcoin can only recover once they wake up, see the low price and buy in.
So, this as an explanation on what's actually going on - no reason to get excited, only humins playing their silly games.
I expect that it would go higher after the correction.
Pantera Capital CEO Dan Morehead said that Bitcoin could plunge 50 percent next week, but the digital currency is likely to rise much higher in the long term.
I wrote this in my recent post about Bitcoins correction, trend reversal and future forecasts : https://steemit.com/crypto/@anakur/possible-fall-before-the-next-big-rise
Its just the temporary correction, thats happening now.
The prices will shoot up even further.
Hold you Bitcoins guys.
Hold it Tight
Good info, but bitfinex is not providing services in US .
Kraken is in part
Will check, thank you