YORK's price prediction topic.

[york780]

Weekend derp ahead?

BTC is moving in this current channel.
Breaking trough means moving up, breaking down means moving down.
Clear and simple, like it should be.

Hold untill you see a break up or down in the current channel.
Than consider if you want to take a risk or if you are a holder.
Dont expect anything big.
Just a weekend derp.
Possible downmove could occur today or tomorrow.
Otherwise we will go up.

[jimmy_007vn]

Weekend derp ahead?

BTC is moving in this current channel.
Breaking trough means moving up, breaking down means moving down.
Clear and simple, like it should be.

Hold untill you see a break up or down in the current channel.
Than consider if you want to take a risk or if you are a holder.
Dont expect anything big.
Just a weekend derp.
Possible downmove could occur today or tomorrow.
Otherwise we will go up.

Haha good analysis York. If it doesn't go up, then it will go down. Or the other the way around. 

[york780]

Weekend derp ahead?

BTC is moving in this current channel.
Breaking trough means moving up, breaking down means moving down.
Clear and simple, like it should be.

Hold untill you see a break up or down in the current channel.
Than consider if you want to take a risk or if you are a holder.
Dont expect anything big.
Just a weekend derp.
Possible downmove could occur today or tomorrow.
Otherwise we will go up.

Haha good analysis York. If it doesn't go up, then it will go down. Or the other the way around.  

If it breaks the channel it will, yes. Channels are simple and usefull. Best charts are simple charts. Channel confirmed by lower high and higher low, circle and zigzag. Enjoy our micro channel.

[JimJimmie]

York

I am ready to get in the game, but when will be a good time to make my first purchase?

[RejectedBanana]

I am ready to get in the game, but when will be a good time to make my first purchase?

Today. The answer is always today.

Everyone who has ever bought and held bitcoin for any appreciable time has profited. Even those who bought in at 2013 all time highs have profited. At least those smart enough to keep their coins in their own wallets who didn't get goxxed, binfinexed, etc.

Dollar cost average in thirds if you must, if you're nervous about short term fluctuations. Doesn't really matter long term.

I know so many who never bought in because they thought $300 was too much. Then $600. Then $1000, no way it can go higher than $1200.  They could have quintupled, tripled, doubled, grown their investments already if only they had bought in TODAY.

This isn't a game though. It's the future.

Don't spend more than you can afford to lose.

HODL! Don't trade. Use cold storage. The usual advice...

[york780]

York

I am ready to get in the game, but when will be a good time to make my first purchase?

BTC's price is still in the channel like I posted yesterday like I predicted.
Wait for a clear breakout to confirm a good entry on short term.
Long term is a big buy right now.

It seems like you want a to get in ASAP, so watch the channel I made :

UPDATE :



Looks like BTC will have a bullish break upwards to me.
But let the channel confirm this first to be sure  

Happy trading all.

[york780]

BTC giant cup&handle ?



LINK: https://www.tradingview.com/chart/BTCUSD/6r2C7FeD-BTC-Cup-Handle/

[TravelMug]

York

I am ready to get in the game, but when will be a good time to make my first purchase?

BTC's price is still in the channel like I posted yesterday like I predicted.
Wait for a clear breakout to confirm a good entry on short term.
Long term is a big buy right now.

It seems like you want a to get in ASAP, so watch the channel I made :

UPDATE :



Looks like BTC will have a bullish break upwards to me.
But let the channel confirm this first to be sure 

Happy trading all.

Hi York, bullish break means the price will stall? Or their will be a selling that gonna made that will cost the price of bitcoin to fall a bit? If their is a fall of the price then its probably the best time to buy again. But what do you think will be the price if ever they fall to a certain level?  > or < $1000?

[Okurkabinladin]

York

I am ready to get in the game, but when will be a good time to make my first purchase?

BTC's price is still in the channel like I posted yesterday like I predicted.
Wait for a clear breakout to confirm a good entry on short term.
Long term is a big buy right now.

It seems like you want a to get in ASAP, so watch the channel I made :

UPDATE :



Looks like BTC will have a bullish break upwards to me.
But let the channel confirm this first to be sure  

Happy trading all.

Hi York, bullish break means the price will stall? Or their will be a selling that gonna made that will cost the price of bitcoin to fall a bit? If their is a fall of the price then its probably the best time to buy again. But what do you think will be the price if ever they fall to a certain level?  > or < $1000?

No, bullish means we break from current triangle above. Either retesting last ATH or breaking through with next stop at 2000.

Breaking down would probadly result in retest of 1150-1200 level. Sub 1000 is extremely unlikely anytime soon as we are in upwards moving channel and havent seen any high volume correction, that would question it.

[Gillette]

York

I am ready to get in the game, but when will be a good time to make my first purchase?

BTC's price is still in the channel like I posted yesterday like I predicted.
Wait for a clear breakout to confirm a good entry on short term.
Long term is a big buy right now.

It seems like you want a to get in ASAP, so watch the channel I made :

UPDATE :



Looks like BTC will have a bullish break upwards to me.
But let the channel confirm this first to be sure  

Happy trading all.

When does the count of your triangle end York?

[BitHodler]

It's extremely annoying when people quote the entire screenshot while you can just snip it. It clutters the thread unnecessarily.

Regarding the cup pattern ~ eventually, all time high peaks will turn out to be the new bottoms. Current situation is no exception.

In this case I do expect a correction to happen in the coming weeks. My guess is a bottom of around $1200 where it will then slowly move up towards the current levels.

The price can't go up continuously in current tempo. Especially when you consider that panic buying has been a massive trigger in the last days. I prefer a calm market for now.

[Okurkabinladin]

It's extremely annoying when people quote the entire screenshot while you can just snip it. It clutters the thread unnecessarily.

Regarding the cup pattern ~ eventually, all time high peaks will turn out to be the new bottoms. Current situation is no exception.

In this case I do expect a correction to happen in the coming weeks. My guess is a bottom of around $1200 where it will then slowly move up towards the current levels.

The price can't go up continuously in current tempo. Especially when you consider that panic buying has been a massive trigger in the last days. I prefer a calm market for now.

Price indeed could continue to go parabolic for some time, but it would detrimental to both duration and eventual top of this bull trend.

Both retest of 1200 and/or staying at current price level for week+ would build confidence. You are spot on, man.

[york780]

UPDATE :

BTC broke out of the triangle :



Maybe it needs a little bit more consolidation because to me it looks like a weak breakout.

No dip will occur this weekend.

Short term is also up.

Keep holding your coins guys and dont let those whales play you.

Kind regards,

YORK

[york780]

York

I am ready to get in the game, but when will be a good time to make my first purchase?

BTC's price is still in the channel like I posted yesterday like I predicted.
Wait for a clear breakout to confirm a good entry on short term.
Long term is a big buy right now.

It seems like you want a to get in ASAP, so watch the channel I made :

UPDATE :



Looks like BTC will have a bullish break upwards to me.
But let the channel confirm this first to be sure  

Happy trading all.

When does the count of your triangle end York?

Rightnow.
Thats exactly why we saw a little increase.
BTC still seems to be bullish.

[york780]

It's extremely annoying when people quote the entire screenshot while you can just snip it. It clutters the thread unnecessarily.

Regarding the cup pattern ~ eventually, all time high peaks will turn out to be the new bottoms. Current situation is no exception.

In this case I do expect a correction to happen in the coming weeks. My guess is a bottom of around $1200 where it will then slowly move up towards the current levels.

The price can't go up continuously in current tempo. Especially when you consider that panic buying has been a massive trigger in the last days. I prefer a calm market for now.

True.

I only dont see a big correction coming short term.
BTC has had many corrections and I think that the market gets tired of all those panic FUD dumps while they all know that the price will recover in 2 days.
Volatility is decreasing, flash crashes are becoming a rare event in BTC.
A big community will prevent this.

[york780]

Trowback to april 29, exactly before we spiked from 1298 USD to 1557 USD.

Is this gentleman?




I called it guys 

I really hope you guys did something fun with your money  :-)
Its a great time to be alive and being a part of BTC.

[Hazir]

york780, what do you think of the biggest ETH "BIT" being reviewed by SEC right now? I think this info had impact on BTC price.

Barry Silbert's Bitcoin Investment Trust offered whopping $1 billion in shares! Their previous offer was 'just' $500 million.
After SEC disapproved COIN ETF I usually disregarded news about other ETFs, but these numbers are huge. Will it make a difference this time?

[Nagadota]

It's extremely annoying when people quote the entire screenshot while you can just snip it. It clutters the thread unnecessarily.

Regarding the cup pattern ~ eventually, all time high peaks will turn out to be the new bottoms. Current situation is no exception.

In this case I do expect a correction to happen in the coming weeks. My guess is a bottom of around $1200 where it will then slowly move up towards the current levels.

The price can't go up continuously in current tempo. Especially when you consider that panic buying has been a massive trigger in the last days. I prefer a calm market for now.

True.

I only dont see a big correction coming short term.
BTC has had many corrections and I think that the market gets tired of all those panic FUD dumps while they all know that the price will recover in 2 days.
Volatility is decreasing, flash crashes are becoming a rare event in BTC.

True.  Surprisingly, the Bitcoin Volatility Index is under 2%.  I had expected that it would be higher considering how big the rises have been recently.

Could be temporary though.  It was very stable for a long period in 2016, doesn't mean that it'll sustain.  The liquidity is still low enough for the price to fly around at any time.

[york780]

york780, what do you think of the biggest ETH "BIT" being reviewed by SEC right now? I think this info had impact on BTC price.

Barry Silbert's Bitcoin Investment Trust offered whopping $1 billion in shares! Their previous offer was 'just' $500 million.
After SED disproved COIN ETF I usually disregarded news about other ETFs, but these numbers are huge. Will it make a difference this time?

If the SEC aproves an ETH ETF Bitcoin will have an huge correction because Bitcoin couldnt pull that off ( Coin ETF still getting reviewed but approval changes are small (10%)).

Lets focus on the differences between ETH and BTC.

ETH centralized, controlable (manipulative) -> can be regulated

BTC decentralized ( cant be regulated)

So on this one ETH has an huge advantage.
Also the influence of big investors like Microsoft and JPMorgan will put some pressure on the SEC's desicion.

Also a big advantage for ETH.

ETH has an infinite supply of tokens.
I think that the SEC wont approve an ETH ETF.
They cant protect investors from a company that just can produce more 'shares' when they want to.
Also all the ETH related ICO's arent popular for the SEC.

ETH has a smaller marketcap than BTC, the SEC likes a big marketcap because it offers a stability and invest insurance/safety.
BTC has a advantage over this one.

ETH is still new tech, with many challenges ahead (difficulty BOMB , ETC/ETH , not scalable)

ETH also has a bad reputation because of the DAO.

This are the most important differences between ETH and BTC (ETF related).

I think that ETH ETF wont get an approval yet, but it will in the future IF ETH changes the things I pointed out.
But an ETH ETF is more likely than an BTC ETF in my opinion.
The first crypto backed by an ETF will be the n1 marketcap.

I expect a big selloff of the ETH tokens when the ETF gets denied (bubble + ATH ,  no support , look how it happened with BTC)
ETH isnt safe enough for an ETF.

[york780]

It's extremely annoying when people quote the entire screenshot while you can just snip it. It clutters the thread unnecessarily.

Regarding the cup pattern ~ eventually, all time high peaks will turn out to be the new bottoms. Current situation is no exception.

In this case I do expect a correction to happen in the coming weeks. My guess is a bottom of around $1200 where it will then slowly move up towards the current levels.

The price can't go up continuously in current tempo. Especially when you consider that panic buying has been a massive trigger in the last days. I prefer a calm market for now.

True.

I only dont see a big correction coming short term.
BTC has had many corrections and I think that the market gets tired of all those panic FUD dumps while they all know that the price will recover in 2 days.
Volatility is decreasing, flash crashes are becoming a rare event in BTC.

True.  Surprisingly, the Bitcoin Volatility Index is under 2%.  I had expected that it would be higher considering how big the rises have been recently.

Could be temporary though.  It was very stable for a long period in 2016, doesn't mean that it'll sustain.  The liquidity is still low enough for the price to fly around at any time.

Short term, yes because new countries are joining BTC (Japan, Russia, India)
Long term volatiliy will decrease more.
That is the time BTC will go mainstream and will be worth , well... A LOT.