Bitcoin technical analysis

Most crytocurrencies have gone up in the last 2 weeks. Bitcoin is the leader and who knows how high it will go. Asians love it, especially japanese, and will pay anything for it. Asians will buy anything simply because it's going up.

Long lasting bitcoin rise since its market entry at early 2011 has born a hope
for a constant appreciation of this digital currency. In present times this hope has
become wide spreaded. Numerous mining pools offers their shares, a wide range
of producers makes and sells mining hardware, many voices proclaim to buy bit-
coins and to hold them, as they should not get cheaper anyhow, more and more
companies prefer to make their deals in bitcoins rather, than US dollar and other
currencies. Can we say, that Bitcoin mania has spreaded too wide ? Let us look at
Bitcoin/USD chart.

Long term view at bitcoin rise. We can count arising impulsive waves in sequ-
ence (1)-(2)-(3) with awaited waves (4) and (5). Impulsive nature, non overlapped
virgin space in the middle wave and obvious form of the previous waves (1) and
(2) allow us to name the last long move as wave (3). Corrective triangle in wave 4
clearly says, that wave (3) is in its last thrust up and we see the topping process.
Yes, crowd opinion "Bitcoin rises and will rise" has spreaded widely and points
to the end of a high degree wave. The end of the current move up is near. Time to
take profit has come. It would be wise to partially sell your cash coins, sell your
mining hardware or share in a mining pool, cut electricty consumption in your mi-
ning farm and prepare for a deep correction in wave (4). At the end of wave (4) we
could reopen our BUYs once again.

Chart has been skipped.

First waves up, close look. Triangles help us to define waves boundaries.

Chart has been skipped.

The beginning of wave(3). First wave has tried to make its usual task - to
break through wave (1) top, correction - wave 2 - directly falls below wave (1) top.
Usual impulse behavior.

The middle and the end of wave (3). As we can see, this part is the most com-
plex one. Numerous three waves structures inside the fourth wave suggest the
most possible variant - wave 4 is a triangle, this triangle is not obvious, but we
have chosen this way, due to corrective nature of all its parts. Triangle in wave 4
also defines probable length of wave 5, often the fifth wave is as long as long the
widest part of triangle is, and wave 5 is already long enough, adding more confi-
dence in upcoming reverse.

Wave 4 more closely. You can offer another waves count, but the main thought
remains the same - here ends the fourth wave inside wave (3). Next move up is
the last one in wave (3), wave (3) is ending. Long lasting rise in wave (3) is ending,
prepare for a deep and decisive move down in wave (4).

We assume triangle in wave 4 of wave (3). Usually fifth wave has length of the
widest part of triangle. As we can see the fifth wave is close enough to this length.
With every day and with every step up the end of wave (3) becomes closer and
closer. Time to change your bullish behavior and take profit from all your previous
BUYs. Chart above shows our possible count for the last move up, wave 5 may still
climb a bit higher, but we are waiting for a top.
Bitcoin is ending its long and strong rise. A deep correction is awaited.

This ETF has been doing really well for those that like Bitcoin

Bitcoin $4250!!!

A certified crybaby - forexengines - he's got a badge crycry provoked me to write this post.
It's beautiful
I don't expect discussion but laughter

You care!!! You have researchers!!!!
Yeyyyy - ask them!!!!!

As to ransom, malware, crime - have you heard of these things:
Cash
More cash
Gold
Platinum
Diamonds
Western Union
Other money laundrys
Pirates
Cash thrown out of car
Bearer bonds
Cash dropped from helicopter (some great old movies)
Bribes
Betting receipt
Presents ( a pony, yacht, house, stock)
.....and other forms of untraceable money moves.
Did i mention piracy, kidnapping, chopping your fingers till you pay, voter fraud, trafficking, ....., related to the payment list above??

So how exactly the gangsters / mafia / politicians work before 2009??????

I'm sooo baffled !!!!!!

So to sum up:
You're a crybaby!!!!!!!!! and because of that you want do outlaw:
Cash
Gold
Platinum
Diamonds
Western Union
Other money laundrys
Pirates
car
Bearer bonds
helicopter
( old movies - Die Hard, James Bonds - all disgusting criminals !!!!) Did you see that scum Hans Gruber stealing 1000 bitcoin when Bruce Willis was cutting his internet!!!!!! Damn

Internet !!!!
Bribes
Betting receipt
Presents......
houses
shares
drinks
ships
scissors
knives
voting
horses.

Did i understand you correctly???? Crybaby???

Here comes $5,000.
$4400 cleared

Makes you wonder why..? Although this does not surprise me

https://cointelegraph.com/news/break...s-us-customers

Looks like profit taking today. Most gains seems to be made on weekends and profit booking takes place after weekends. Not all the time but this seems to have been the trend

Yep.

Now, is the pump finished?
Because that may translate into other coins growing... litecoin, Dash, DGB...

TenX,Zcash and Qtum

If I owned those others I would want BTC to keep going up, up, up - certainly not down.

That's what my wife says.

But it goes down or sideways

Tired. Good night. We may see 5000 this week?

Target ?

Oh of course but all this talk of other "penny-stock" currencies are besides the point.

"Hey the Dow Industrials is setting all time records highs. Who cares, the Botswana Index is at 26.55"

Truth be told there could be $3000.
Not advice.

Ask Ronda - she'll say $45

Had there not been so much buying out of Asia this would have dropped long ago

how would you reason and measure the flow from Assia?

42% of the buy trades alone have come out of Japan. That is not including other Asian countries like Taiwan,South korea and China. They amount to over half. Asia alone is probably a total of 60-75% I reckon

where does this numbers come from? Blockchain is anonymous..its from the exchanges etC? thanks

https://www.cnbc.com/2017/08/14/bitc...haven-bid.html

The road to $25K. In other news the new Bitcoin Cash just climbed like crazy today
I reckon tha this new Bitcoin Cash will also end up running. Best time to buy are after big pullbacks or big drops. Over the last year the best thing to do was to buy the pullbacks and dips. Over the last 8-9 years since the DOW crashed the best thing one could have done was to buy all the pullbacks and dips. DOW went from around 8000 to hit a high of around 22,000 this year.