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

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The 2013 spike as compared to 2017 spike!!!

Soooo...
Now we just wait 5-6 months or 12 and will rise again

I also like Sixer charts.... about the EW and 7000.

In the last 6-7 months bitcoin price was steadily down....yet difficulty increased 4 times

What's the conclusion - big money believe in bitcoin. Well, the miners.
Whocl cares if thry are mining at a loss today ?

Can someone research the actual energy expenditure? Are they in profit at 7200? What's the lowest mining cost??

In June 2018 the cheapest country to mine 1 Bitcoin was Venezuela $531. The dearest was South Korea $26,170 based on the price of electricity in the country. Here is a list of all countries costs.

https://www.marketwatch.com/story/he...try-2018-03-06

The duration of the Mt.Gox Crash in (2013-2015) was more than one year.

Sixer

Great post Pleiadian!!!

Sixer, thanks.

Yet i don't expect a 14 month depression Although February 2019 is near

Fact is:
No big exchange crashes.
Widely acclaimed crypto.
Trumpy risks....
New futures, exchanges, ATM machines, adoption.

So let's see when the big boys (say Blackrock...) kick the can up.
Then we can talk like " another $1000 up, barely 1.5% up. Booooring. Remember old cheap bitcoin at 25000"

Interesting few days.

$7300 now.

ALL Market Cap: $237 billion

1. BTC Dominance: 52.9%
2. Cryptocurrencies: 1910

Note today KMD, Monero up quite. Both private.
BTCD strangely up. i thought it's abandoned....

@Not-KPMG
do you see how 5yrs ago, until today.. people are starting to realize their personal information has value to others. Look at Facebook situation. Years ago people say "why should I care about my privacy, I am never doing anything wrong so I dont need to privacy", and now they're realizing that every piece of information they reveal, including private information will be marketed to & profitable to massive-sized companies, like Facebook.

That being said, Monero, the leader of true "private" of all privacy coins should be a popular thing in the future. It's $2bill cap now is so undervalued, eventually should be 10x+ or more, IMO

... anyways, love to see XMR gain ground, along with any true private coins.

True true.

I have tons of privacy coins.


Now a chart here - oddly, the DASH coin is dropping in difficulty value. hmm...

In our previous analysis, we mentioned the stop grabber buy pattern which targets the stops above 8500 and we also mentioned the gap at CME futures contract at 7365. We placed buy limit orders around 6480 and got filled. Our first target was the gap + fibonacci agreement resistance zone around 7300-7500.



So looking our weekly; our long term context is still valid and stop grabber buy is in play. We have OP fibonacci expansion resistance at 8600 just above the highs and very strong agreement (1.618 fibonacci expansion + 0.382 fibonacci retracement) resistance zone around 10200.



On the daily;
Market has showed a significant pull pack after closing the gap and touching our agreement resistance at 7400ish. as expected. Daily trend change is approaching.



Looking at our fibonacci support levels on daily ;
We have disrespected confluence (fibonacci 0.318 + 0.618 retracement levels) support around 7035-7088 this zone might act as resistance on the pullback. Market sitting on 6900 confluence support zone recently. We do have another gap on daily at 6595. So market might try to close this gap first and then push higher.



On the long term it is still bullish we can move our stops to breakeven. I already closed half of my long position at daily agreement resistance at 7370. Take note of that failing of stop grabber on weekly will be very bearish.

Some stupid day, full of silly news

First.... European Council thinks of harmonizing crypto. So good!!!

Next moronic news that G.Sachs won't open some "desk"?!? WTF?? Drop.

I'm not opening desk either, nor Dunkin Donuts, so???

Next Iran or Penjab or something adopting crypto... Good.

Next Brexit moronic news....
Oddly gold also jump?!?!? WTF.

Then Brexit rebuttal news!!!

Pound swings 110 pips in 1 minute.....

And the day's not over

BCD on Binance.
140% up

https://twitter.com/binance/status/1...003329/photo/1

rough day, who farted?

Typhoon in Japan causes major problems. Earthquake this morning (UK time) so expect strength in JPY.

Catastrophe and uncertainty cause buying in Gold, could even have a been a tweet that Donald is buying Melania a Gold trinket.....

Speaking of Japan, the Financial Services Agency (FSA – the Japanese regulator), will tighten the screening process for crypto exchanges that want to be registered with the regulator.

The new measures adopted by the regulator include an increased number of questions asked when screening an application for a crypto exchange. Now the questions will be about 400 or almost 4 times more compared to the older version of the registration protocol.

FSA will also require access to the crypto exchanges’ board meetings records, as well as reports of the company’s shareholders structure in order to “check for links to antisocial groups.”

Since Japan is at the forefront of making cryptocurrencies mainstream I think that is not necessarily a bad thing.

6700-6750 stands as a good resistance zone to short the market for a scalp trade.

BITCOIN
=======
The market is performing exactly as anticipated

Oh come on

I'm tired of endless waves to 5000

Let's notice that today bitcoin was solid as a rock.


Yen, pound, aussie swinging like drunk hook.r

Also DASH, ARK up, together with funny coins DOGE, RDD.

Soooo???

Simply put, the crooks in GSachs sold it yesterday before the "news" then closed the shorts. So moves stopped.

No more selling, no idiots out there.

Goldman S....

Who else. Must have sold their stash of 40000 bitcoin, some futures....Then put out "news".
LOL

Guys, crybabies.

As you know this is serious thread, for jokes etc head to Horses.

ALSO THE BANNED CRYBABIES CAN POST THERE!!!

https://www.forexfactory.com/showthr...0#post11455840

Apparently the reports about Goldman Sachs abandoning a crypto trading desk is fake news. More market manipulation to buy cheaper Bitcoins ?

https://cointelegraph.com/news/goldm...-are-fake-news

Big buy opportunity right now gentleman

I think there will be some big news before the end of the year that will start a run on the market.