Bitcoin technical analysis

There is a very good analyst on forbes.com his name is Clem Chambers if you read all his articles and compare it to the charts to when it happened you will find that his analysis is always true

Oh yea, Clem Chambers
In May he wrote "This is the end (for cryptocurrencies)" when the price was around $2000 In August he published part 2 where he reiterated this. Price was ~$3500.
In September at about same price he wrote that bitcoin crashed twice. Does this "analyst" can tell the difference between crash and correction?
In November he predicted that Bitcoin can go no higher than $10000.
And besides this he recommended Yelp as next Amazon or Netflix. For the year yelp showed a stellar performance from $41.53 to $42.85.

Alway right

Name Kaspersky is spelled F. S. B.

The big Elliott picture of Bitcoin and the count of the last correction.

Sixer

Anyone tried this? http://bit.ly/2G2XEKP

hello sixer. Nice analysis! I agree with your view but thru a different method.

Swing trade long btc with min target of 18000 area with potential to 35000. Time frame is around 4-5 weeks.

Strap on your seat belts and get ready for another huge dive

Thank you for your in-depth analysis, though I think I will stick to trusting those who post with analysis on price or sentiment. Generally, this still seems positive for me. Worst case, we get one more dip before new highs, so I would rather not try and call a bottom only to miss out on potential gains.

Fundamentally it's a case of futures traders looking to make a quick profit, versus the rest of the world looking for a place to park its devaluing savings (aside from US treasuries and equities).

One group is playing for fun, the other for survival. The main risk to bitcoin is other coins. If they're all plunging now they'll all rise later.

howdo you guys t rbitcoin and what is thebroker to use ?

I have found Bitmex to be the best for trading BTC - https://www.bitmex.com/register/tyDMnE
Though if you just want to buy and hold, then I'd advise buying BTC on Gemini and transfer to a paper wallet/cold storage.

fresh weakness on BTC today

another test of 10000 is looming

Firstly, this statement sort of takes any credibility from your posts and if you look at the chart is just an idiotic thing to say. You could have been long BTC anytime since the beginning and made a huge amount of money...The ONLY time you would have made money shorting is this past month, but I can't see it lasting long. Shorts will continue to get REKT on bitcoin.
The tech is not going anywhere fast and the community is way too big for this to disappear overnight.
I suggest you educate yourself on the core ideas behind bitcoin and also on 'network effects'. This may help you understand bitcoins surge to #6 currency in the world and why it will be extremely hard to stop BTC now...

I'm realizing that Ronda only comes onto this forum spouting this when the market could go either way (prob retrace further)
she does the same with gold (a touch more aggressively)
I wouldn't be surprised to see BTC cover the gap @ 8300 and the other ALTs come back as well

Sounds about right! Yeah, a lot of people seem to be calling for that 8k region, I'll certainly be a buyer at those levels and would fit crypto's cyclic pattern if we carried on down until around march before the next big rally.

Why are people still talking about bears on btc when its already bottomed most likely ...the bull side has it now,looking at $15k first. Possible retrace at 11,500 back to 10,500 and then to 15,000...the trend might have turned and don't get caught on the wrong side.
22k is next on this bull run maybe .
Just my 2cents.

I think there's some truth to Ronda's statement. The technology will get better, some coins will eat it some will soar.
On the other hand, wall street is involved, there's futures trading going on....some form of digital currency is here to stay. My guess is that bitcoin will remain the basis for it.
Because of the volatility, I'm not leveraging trades on any of it. But I am interested in the transaction aspect of it. I own a half a litecoin, currently eating shit on it.
If any of it is going to actually take hold for transaction purposes, price is going to have to stabilize. Businesses can't accept a payment and then have it lose twenty percent by the time they get it into fiat currency. My 2 cents. Or .0000000002 bitcoin

Will drop bellow 9231

This is from a post I found on reddit...

This is my 2nd warning in a series of 5 warnings about how the futures mkt has changed CryptoCurrency.
The next warning will be a diagram.
20000 BTC --- mkt sell order can crash the price of BTC to $100 on any exchange.
BTC futures CBOE - allow 20% reduction in price per day.
CBOE has a fixed settlement date.
Scenario:
The Characters:
Hedge Fund A --- Wants to manipulate the mkt by betting BTC price goes down.
Hedge Fund A's Buddies (7 of them) --- Same as hedge fund A... betting BTC price goes down
Hedge Fund B --- Thinks BTC will go up - goes long BTC futures in good faith
Hedge Fund B's Buddies --- Thinks BTC price will go up.
Mkt Maker -- on the CBOE Exchange -- makes money by issuing buy futures contracts and sell futures contracts with a difference in price... And nets together long/short contracts and hedges the remainder with physical BTC so they can not lose money... only gain from the buy/sell spread.
The Play
Hedge Fund A and buddies...
Each buy 2500 BTC --- a total of 20,000 BTC at a cost of 250M USD As 7 buddies -- 20,000 BTC Long.
Each take out 5,000 XBT futures contracts - short.
As 7 buddies 40,000 short futures contracts
Hedge Fund B: - Goes long futures -- 5,000
Hedge Fund B's buddies do the same.. as 7 -- 40000 BTC futures long
Mkt Maker --- Has net exposure:
40,000 short (opposite side to HF B & Buddies).
40,000 long (opposite side to HF A & Buddies).
Is perfectly netted out.... has made money from the spread between the buy and sell contract. Does not need to hedge with any physical BTC.
Hedging
Hedge Fund B -- does not hedge any BTC... as this cancels out their view that BTC will rise.
Result
On each of the 5 days up to Futures Contract Maturity Date --- HF A & Buddies sell... 20% of their physical BTC... which crashes the price.
On futures settlement date - price is < $100. HF A & Buddies double their money.. making $250M between them.
Who loses? HF B & Buddies... plus all the Jo Mainstreeters that bought BTC thinking the price will go up... and had set stop limit sell orders - or had bought on margin and got liquidated.
Plus all Alt coin buyers (as the altcoin price is linked to the BTC price).
This is an obvious play people - which can be triggered at any time due to the BTC market being unregulated...
We saw this to a small degree last week -- when BTC price dropped 15-20 % on each day running up to the settlement date. The BTC started to rise again the very hour after the BTC futures contracts expired.
That was a test... at some point, this play will happen for real. Timed to coincide with some other news article that can be conveniently blamed.
Be aware that BTC with futures is basically a ticking time-bomb -- and Wall street and high net worth individuals that have access to futures contracts can crash the price on any future settlement date that they choose....
BTC Is no longer a SAFE store of value
Move your money into AltCoins.
(Edit: - add word AND): AND
Stop running the bots that correlate the AltCoin Price to the BTC price.
Govenments and regulators have spent millions of man hours installing regulations to ensure this can not happen for equities, commodities, bonds etc. Why now are we allowing this to happen to our CryptoCurrency?
BTC with futures is now a tool for funnelling money from Main Street into Wall Street.