The battle for BCH is on! This is gonna be something..
📌BCH itself is dropping, but the really interesting thing is that the community appears legitimately split between the two paths open for them: either support Bitcoin ABC or Bitcoin SV. It is up to miners to decide which chain is viable.
Take a look at the hashing power. Bitcoin SV (three Craig Wright affiliated mining pools: SVPool, Coingeek & BMG Pool) now has ~60% of the hashing power. At 75% they can control both chains with hashing power, because at that number they have 50% of Bitcoin ABC fork (so they can 51% attack that fork) and they’re in full control of the Bitcoin SV side of the thing. So they will become the BCH.
🔥Debating what is the real Bitcoin Cash is getting very interesting.
📌BCH itself is dropping, but the really interesting thing is that the community appears legitimately split between the two paths open for them: either support Bitcoin ABC or Bitcoin SV. It is up to miners to decide which chain is viable.
Take a look at the hashing power. Bitcoin SV (three Craig Wright affiliated mining pools: SVPool, Coingeek & BMG Pool) now has ~60% of the hashing power. At 75% they can control both chains with hashing power, because at that number they have 50% of Bitcoin ABC fork (so they can 51% attack that fork) and they’re in full control of the Bitcoin SV side of the thing. So they will become the BCH.
🔥Debating what is the real Bitcoin Cash is getting very interesting.
📈 Bitcoin SV is now just $38 away from reaching the price of Bitcoin ABC
Last week Bitcoin ABC's price was 10x higher than Bitcoin SV
Current prices (Poloniex):
Bitcoin ABC = $255
Bitcoin SV = $214
Last week Bitcoin ABC's price was 10x higher than Bitcoin SV
Current prices (Poloniex):
Bitcoin ABC = $255
Bitcoin SV = $214
🔥 BCH hard fork drama continues to unfold..
❗️Bitcoin SV is now ~77% of BCH hashrate and growing with other miners dropping like flies probably running back to BTC.
[ Actually the only hard forks that should ever happen are bug related hard forks. If it's an opinion, political hard fork, your blockchain is a disaster ]
❗️Bitcoin SV is now ~77% of BCH hashrate and growing with other miners dropping like flies probably running back to BTC.
[ Actually the only hard forks that should ever happen are bug related hard forks. If it's an opinion, political hard fork, your blockchain is a disaster ]
CryptoBullet
#BTC 📌From a technical perspective nothing has really changed on fiat US dollar exchanges. We are still within the triangle, we did not even hit the 30-week MA. Got rejected by the top of the triangle & middle of Bollinger Bands. There always was a probability…
🔴 Well, guys, you have been warned about breaking down long before..
📉 Bitcoin posts a new 2018 low
Please, read the referred post. We pointed out our targets in case of triangle breakdown (which statistically was more likely to happen).
Anyone, who has been telling you that there's gonna be a breakout of the triangle to the upside, just doesn’t know TA & rely on luck, because there is always 70% probability of breaking down a descending triangle. The market looked so weak (volume decline tells the real story), how could these people be bullish.
📌We do really hope you listened to us and at least didn't lose money. The most optimistic scenario is that you could have profited a lot from our technical analysis.
Our team tries its best to provide you with only important and quality content.
Stay tuned!
📉 Bitcoin posts a new 2018 low
Please, read the referred post. We pointed out our targets in case of triangle breakdown (which statistically was more likely to happen).
Anyone, who has been telling you that there's gonna be a breakout of the triangle to the upside, just doesn’t know TA & rely on luck, because there is always 70% probability of breaking down a descending triangle. The market looked so weak (volume decline tells the real story), how could these people be bullish.
📌We do really hope you listened to us and at least didn't lose money. The most optimistic scenario is that you could have profited a lot from our technical analysis.
Our team tries its best to provide you with only important and quality content.
Stay tuned!
CryptoBullet
#BTC: things are getting really exciting The Bollinger Bands are starting to contract. Also notice how on this entire bear run we got rejected by the middle of the Bollinger Bands several times and now we might be rejecting without even making it into the…
📉 BTC is approaching our first target of 5k.
📌 What are we looking for at 5k to make us bullish or bearish?
It depends on whether 5k reverses the price and how strongly it does it.
If we touch 5k & bounce like we did from 6k in February, that will be bullish. If we get to 5k and we touch it the way we did it with 6k back in April, June, August, September or October, that will be bearish.
📌 What are we looking for at 5k to make us bullish or bearish?
It depends on whether 5k reverses the price and how strongly it does it.
If we touch 5k & bounce like we did from 6k in February, that will be bullish. If we get to 5k and we touch it the way we did it with 6k back in April, June, August, September or October, that will be bearish.
❓ What is the goal of such a nuclear Bear Market? To make you panic sell your coins at ridiculously low prices.
Whales want your emotions to effect your actions.
[ Bear markets happen because the last buyer has bought & Bull markets happen because the last seller has sold. ]
The market can’t go up towards the new all-time high while the majority is optimistic & keeps longing.
📌 The goal is to kill your interest in #crypto, make you loose faith in it & even make you hate it.
Be patient. It is always rewarded.
Whales want your emotions to effect your actions.
[ Bear markets happen because the last buyer has bought & Bull markets happen because the last seller has sold. ]
The market can’t go up towards the new all-time high while the majority is optimistic & keeps longing.
📌 The goal is to kill your interest in #crypto, make you loose faith in it & even make you hate it.
Be patient. It is always rewarded.
CryptoBullet
#BTC: things are getting really exciting The Bollinger Bands are starting to contract. Also notice how on this entire bear run we got rejected by the middle of the Bollinger Bands several times and now we might be rejecting without even making it into the…
Our first target of 4975 is reached perfectly!
📍Read the referred post. We warned you Oct. 1st.
📍Read the referred post. We warned you Oct. 1st.
🎯 Guys, long ago we warned you about the triangle breakdown. It had 70% chance of doing it. We even gave you the ultimate targets so that you could profit using our FREE information.
❗️If you want to trade with us on BitMEX, you are welcome! In our vip channel we share our own entries and there are other benefits.
If you want to buy subscription - contact @Likeniss
📌 What now? Read our previous posts concerning how markets bottom and in what case we will call 5k the bottom of the Bear Market.
Bitcoin will bounce back, it has seen such blood bath many times in the past. And our job is properly identify when it the bear market ended.
We will keep you updated. Stay tuned.
❗️If you want to trade with us on BitMEX, you are welcome! In our vip channel we share our own entries and there are other benefits.
If you want to buy subscription - contact @Likeniss
📌 What now? Read our previous posts concerning how markets bottom and in what case we will call 5k the bottom of the Bear Market.
Bitcoin will bounce back, it has seen such blood bath many times in the past. And our job is properly identify when it the bear market ended.
We will keep you updated. Stay tuned.
It seems like today everyone, even your dog probably, is selling premium subscriptions.
It’s hard to choose right people to follow, because there are so many scammers and copycat channels.
We advise you to choose wisely.
✔️ Do not to loose your mind when they show you astounding everyday profits, because you don’t even know how many signals haven’t worked out. They do not even follow their own signals and just play with your deposit. Also very funny when they give you 4-7 targets. That’s just garbage.
✔️ Stick to those channels which you’ve followed for some time, not for a week. Pay attention to what information they give in free channels.
📌 You should know that CryptoBullet channel was not created yesterday, and even not a year ago. We are already a long time in crypto. And we try to provide you with only important and quality information, mid & long term market analysis.
✔️ Another sign of scam is ridiculously low prices. Yes, crypto market crisis continues, people have lost a lot of money, but an extremely cheap subscription can’t offer you quality.
So, guys, we hope you make right decision today, because it can be your best investment or worst one. We do not force you to buy our subscription, we just want you not to waste your money. Choose wisely.
It’s hard to choose right people to follow, because there are so many scammers and copycat channels.
We advise you to choose wisely.
✔️ Do not to loose your mind when they show you astounding everyday profits, because you don’t even know how many signals haven’t worked out. They do not even follow their own signals and just play with your deposit. Also very funny when they give you 4-7 targets. That’s just garbage.
✔️ Stick to those channels which you’ve followed for some time, not for a week. Pay attention to what information they give in free channels.
📌 You should know that CryptoBullet channel was not created yesterday, and even not a year ago. We are already a long time in crypto. And we try to provide you with only important and quality information, mid & long term market analysis.
✔️ Another sign of scam is ridiculously low prices. Yes, crypto market crisis continues, people have lost a lot of money, but an extremely cheap subscription can’t offer you quality.
So, guys, we hope you make right decision today, because it can be your best investment or worst one. We do not force you to buy our subscription, we just want you not to waste your money. Choose wisely.
Yesterday crypto Fear and Greed index was a 12. The lowest we've had this year was a 8 on February 6 and the second lowest was a 11 on April 2.
📌Historically it was a good time to buy when the index was near 10.
📌Historically it was a good time to buy when the index was near 10.
CryptoBullet
Our first target of 4975 is reached perfectly! 📍Read the referred post. We warned you Oct. 1st.
BTC is on the way to our second target of 3000 on the weekly scale.
📍We gave you the targets on Oct. 1st so that you could be prepared for the downside.
📍We gave you the targets on Oct. 1st so that you could be prepared for the downside.
CryptoBullet
BTC is on the way to our second target of 3000 on the weekly scale. 📍We gave you the targets on Oct. 1st so that you could be prepared for the downside.
Can 3k hold the price?
We are looking at 3000-3200 to bounce the price, because it’s a very good support cluster of horizontal level, 200-Week MA (which is a bit higher right now than 3000: approximately at 3150), + it is actually the target of descending triangle according to TA.
📌 The environment is unreasonably bearish, the crowd is frightened & very pessimistic. Depression hit the market. In addition we are in extremely oversold conditions.
Nothing fundamentally has changed with bitcoin other than it’s 40% lower than it was 2 weeks ago.
We are looking at 3000-3200 to bounce the price, because it’s a very good support cluster of horizontal level, 200-Week MA (which is a bit higher right now than 3000: approximately at 3150), + it is actually the target of descending triangle according to TA.
📌 The environment is unreasonably bearish, the crowd is frightened & very pessimistic. Depression hit the market. In addition we are in extremely oversold conditions.
Nothing fundamentally has changed with bitcoin other than it’s 40% lower than it was 2 weeks ago.
📈 Crypto market surges as US stock market goes up.
US stocks are threatening the end of the bull market, but not yet in a Bear market. We really like today’s stock market action, it proves that nothing is lost.
#BTC: On the daily we see a bunch of candles with long wicks. Do not underestimate long wicks along the bottom of the candles. Everything starts and ends with candlesticks.
BTC is showing nice moves, can make it back to 5-6k within the next month.
📌 Still think that we‘ll have an opportunity to buy Bitcoin below 3k, but that’s not coming till next year.
US stocks are threatening the end of the bull market, but not yet in a Bear market. We really like today’s stock market action, it proves that nothing is lost.
#BTC: On the daily we see a bunch of candles with long wicks. Do not underestimate long wicks along the bottom of the candles. Everything starts and ends with candlesticks.
BTC is showing nice moves, can make it back to 5-6k within the next month.
📌 Still think that we‘ll have an opportunity to buy Bitcoin below 3k, but that’s not coming till next year.
Why risk management is so important.
If you enter a $100 trade and lose 15%, you’re down to $85.
If you make 15% profit on your next trade, now you have $97.75
It's harder to recover losses than to preserve funds. Don't think how much you can make on a trade. Think of how much you can lose on a trade. Risk-Reward ratio is key.
🎯 Also win % does not make a successful trader, but strategy and risk management do.
For example:
✖️ One trader has a 60% win rate but his portfolio is down 6% using a 2/1 risk-reward.
✔️ Another trader has a 30% win rate but his portfolio is up 12% using a 1/5 risk-reward.
Expect to lose short term. Plan to win long term.
📌 So, it’s necessary to have very strict rules on risk management that help you to always preserve the capital and not to take crazy risks.
If you enter a $100 trade and lose 15%, you’re down to $85.
If you make 15% profit on your next trade, now you have $97.75
It's harder to recover losses than to preserve funds. Don't think how much you can make on a trade. Think of how much you can lose on a trade. Risk-Reward ratio is key.
🎯 Also win % does not make a successful trader, but strategy and risk management do.
For example:
✖️ One trader has a 60% win rate but his portfolio is down 6% using a 2/1 risk-reward.
✔️ Another trader has a 30% win rate but his portfolio is up 12% using a 1/5 risk-reward.
Expect to lose short term. Plan to win long term.
📌 So, it’s necessary to have very strict rules on risk management that help you to always preserve the capital and not to take crazy risks.
Bitcoin had its largest drop in mining difficult in history since 2011, dropping by 15.13%.
Mining cost doesn’t dictate BTC price. The market always dictates price. It doesn’t matter what your cost of production is. If you are not enough efficient, you’ll get out of business.
✏️To note: The biggest pools are located in China. And it’s interesting that cost to mine there is ~ 3,2k
Mining cost doesn’t dictate BTC price. The market always dictates price. It doesn’t matter what your cost of production is. If you are not enough efficient, you’ll get out of business.
✏️To note: The biggest pools are located in China. And it’s interesting that cost to mine there is ~ 3,2k
CryptoBullet
Can 3k hold the price? We are looking at 3000-3200 to bounce the price, because it’s a very good support cluster of horizontal level, 200-Week MA (which is a bit higher right now than 3000: approximately at 3150), + it is actually the target of descending…
📉 BTC has come so close to our 2nd target we gave on Oct. 1st.
Still waiting for a breakdown to the 200-Week MA (which currently sits on 3200) & the ultimate triangle target of 3000.
📌 That will be a very decent buying opportunity for a short term trade to the upside that potentially can turn into the bull market.
Still waiting for a breakdown to the 200-Week MA (which currently sits on 3200) & the ultimate triangle target of 3000.
📌 That will be a very decent buying opportunity for a short term trade to the upside that potentially can turn into the bull market.
BTC: There is the last area of support between 2800 and 3200 before we descend significantly lower. Still think these levels can bounce the price.
There is no reason to expect Bitcoin to rapidly enter a bull market from the bottom, it will take time. This time presents an incredible opportunity to prepare for the next bull cycle. First of all it’s is a great time to begin accumulating Bitcoin as a long term investment.
📌 Today we also see a very disappointing stock action. Recession is coming hard. Charts are telling that there could be a lot more pain ahead for the stock market.
There is no reason to expect Bitcoin to rapidly enter a bull market from the bottom, it will take time. This time presents an incredible opportunity to prepare for the next bull cycle. First of all it’s is a great time to begin accumulating Bitcoin as a long term investment.
📌 Today we also see a very disappointing stock action. Recession is coming hard. Charts are telling that there could be a lot more pain ahead for the stock market.
Blockchain developer is the most rapidly growing emerging job in the United States, according to the 2018 U.S. Emerging Jobs report by LinkedIn.
Despite the market crash, the outlook seems positive for the space in general.
Despite the market crash, the outlook seems positive for the space in general.
CryptoBullet
📉 BTC has come so close to our 2nd target we gave on Oct. 1st. Still waiting for a breakdown to the 200-Week MA (which currently sits on 3200) & the ultimate triangle target of 3000. 📌 That will be a very decent buying opportunity for a short term trade…
📈 BTC beautifully bounced off of the 200-Week MA. 3000-3200 zone held as we predicted. It’s what we were looking for.
Please, read the referred post. Hope you guys followed our recommendation to buy BTC at those prices.
Please, read the referred post. Hope you guys followed our recommendation to buy BTC at those prices.