The rise of CRYPTO - Bitcoin, LTC, Ether, Dash, Monero

The first low on the weekly chart begins at 11 Sept 2018 W38. You have to understand how to read and interpret the extremes of harmonic patterns. As you can see there is an harmonic pattern within an harmonic pattern i.e. A Gartley Pattern inside a potential Bat Pattern. The current pattern is the green one, an extreme Gartley Pattern and is holding up on long term structure. The potential Bat Pattern is the grey pattern and the extreme Bat Pattern is the lighter grey. There is a monthly harmonic pattern, which has taken 3 years to form the A-B, but I have not included it for clarity. All patterns are bullish patterns. The green broken lines are alarms that I have on the chart. I hope all is clear for you !

It seems like more regulation is on the way - the Canadian government has released an official draft of new regulations on crypto exchanges aimed at strengthening Canada’s anti-money laundering regime.

Under the proposed rules crypto exchanges and payment processors will be treated as money service businesses (MSB), which requires them to report large transactions — over 10,000 Canadian dollars (7700 USD). There is also a new Know Your Customer (KYC) threshold set for transactions over 1000 Canadian dollars.

Heard some Swiss and US exchanges going live...
Zapo, Xapo something

Ethereum got some approving nod few days ago too...

Hi friend

What's that Word file??

I won't open attachment even from my mother

State the coin in question in text or link.

So tomorrow we can say: Chonchy was the smartest investor.

We have liftoff

In the bitcoin we do have clear and good fib levels which I believe the market will show significant reaction at these levels. So I would like to post an update.

Looking at our weekly the stop grabber sell signal has played out. We have COP+ OP cluster at 4700k-4800k (for accurate levels I would suggest looking at bitmex) if the market wants to move lower this zone will be the line in the sand. We can see a big spike but I dont expect a weekly close below this zone. So for those who are asking me where to long this market safely; I already placed my buy limit order.



Now days the liquidty has decreased and the market has been manipulated.. I started to see many waiting to see 4500 k in bitcoin. So who knows the big guys may change the direction and take the market to new highs instead of new lows.

Here is the daily resistance levels that we should be keeping an eye on them. The levels are clear. The daily trend has turned up. We should be monitoring it for the next 3 days for dynamic pressure.

If the market moves higher before making any new lows 7050-7150 will be the first resistance. We can expect a shallow retracement there and then abc up move to our next resıstance at 7650. We have gap at CME futures at 7650 too. I dont expect the market break this zone easily. The journey to 4700 can start from this level if the market cant see closes on it.




Happy Trading..

Nice!!!

RogerTC,

here is your mentioned bearish outlook for Bitcoin based on the actual EWI count (completion of wave "4").

Sixer

A little green today

Honorable mention - Enigma - news intel partnership!!
LINDA - soon news.
GRS same
Fastcoin, Fantom FCN, FairCoin - some jump. Add

This year's Crypto Awards on 27 June.

Nominated and of course to buy :
NEXUS, PHORE, WAVES, Blocknet,
Humaniq
COTI ? hmm to check
IOC
FunFair


https://www.the-blocks.com/shortlist-2018/

Tickets cost between 270 and 1150 euro

Some read.

https://www.bitworld360.com/2018/06/...lued-altcoins/

Not great but ideas...

https://www.investinblockchain.com/1...ncies-q2-2018/

Some read.

What's up everybody, hope all are well. What's going. Looks like we are still drifting lower, important support nearing, make or break really. Personally, I say we break it and head even further south, maintaining the modus operandi of this bubble type market. Think Nasdaq, Silver, Coffee, Nat Gas, etc. I'm talking my position, which is still flat. Still looking to buy that Syscoin, which has finally seen some people throwing in the towel, its no longer the darling it was it seems, which is fine. Got a good spot that I'd like to get a chance to buy some, and then just forget about it. Have mostly given up on staying on top of cryptos, as its not as interesting as it once was. Still think there is good money to be made once we see some projects progress and see greater implementation. There will be another good up leg once stuff has run its coarse, might be a while, sure, but no rush, looking for no less than 10 to 1ish, aint gonna happen over night.....been away from FF for a while again, which is always nice...good luck, and get outside, get some sun....later, PTL...

There was a 1 second 219 pip spike down to 5987 and closed at 6203, 3 pips lower than the open on BTC, @ 20:13:43 BST. Happened to have opened the chart a couple of minutes before the event. That spike tested long term structure on the weekly chart between 6050 - 5887. Could be a potential double bottom on the Daily, will have to wait until the candle closes.

Crypto "liftoff" barely made it to the top of the tree line before crashing back to Earth.

You will be surprised, price retested long term structure, it could have resulted in a double bottom, but it broke my rules for a double bottom, but structure is even more positive for a reversal. If price action plays out, as the analysis on my charts indicate, then 7 July could be the turning point. There is a campaign of misinformation and propaganda being levelled against crytpocurrencies by Central Banks and the Bank for International Settlements. They are scared, why ? The market capitalisation of cryptocurrencies is approximately $300 Billion. The banking sector is in excess of $100 trillion. The banking sector can see the future and their demise, so they are trying to create fear and scare off investors. There is another level that price could fall to and it's 4920. It all depends if fear grips the market again.

Wow, what a great coin ADA is - price dropped down from 23 to 13 cents within one month - really impressive coin ;-)

Once this shitty market lifts up I will sell all my coins at BE.

bear run on BTC not over yet

still looking for good spots to go short again

Doesn't matter

ADA, EOS, TRON are good coins. Why are they placed 7 th etc??
Duhhhh.

A year ago they didn't exist... so zero price

Selling yes, seems annoying ...

There are always 10-20% smart people, 50 ish average, 30 dumb as doorknob
Think of the dumb as elephants - big ass big noise


Smart let the dumb run about, in this case selling their coins.
One day the buying will start in earnest - and who will be buying, who selling still?

one day big buying will resume in full swing , but we're not there yet

it may take 1 / 2 years for the new fresh bull wave to materialize

imho keep your powder dry till then if you wanna keep your long-only approach in this market or at least stay on the sidelines for a while if you just don't wanna go short by any means

there may be a few coins bucking the current bear mkt but the odds are not stacked well for a long-only approach at the moment imho