Analysis

[BitcoinNewsMagazine]

Published this chart yesterday in Wall Observer showing a decline to weekly MA20 is imminent.

[ssmc2]

He just published his latest assessment...

https://vk.com/bitcoin_vanga

[BitcoinNewsMagazine]

He just published his latest assessment...

https://vk.com/bitcoin_vanga

Translated:

[VadikZimnyayaRezina]

I understand that until August 1, and together with this date, clarity in the network of miners, we will observe strong price fluctuations. We all just need to wait for this situation with the split

[STT]

Actually I'd say the price at present is very obvious in the lead up to that event.    Its in a decline and generally waiting, most of the selling from fear should die back at some point as quite a few are aware of the reasons for market negative or uncertain outlook.

1600 is an old trend leading from the all time highs, Ive drawn it loosely myself but it seems to have had an effect as a bottom.   There is some good pricing here from May which has revived some buying maybe from some waiting for this pull back.
This matches up with 1800 in dollar exchanges as a rough area of support and we've had this before in previous pullbacks

[Bitcoinaire]

Here is a google translate from Aug 5th.

"3157. This is a new historical high. Obviously, it does not want a triangle) Although you can estimate the wedge, but it's already very large in time. If the wedge, then around 3500 the price will reverse on the third wave back to 2600.

I'll leave the wedge here just in case (pic.1), although I can not believe in it.

What is there for us in the general picture ... The price is clearly storming the second red trend logarithmic line. Line wait somewhere at 3500 is just growing. Let's see how the level of 3500 reacts. Maybe it really will break through with its wedge. (Fig. 2)

In general, we must look at what will be at 3,500."




https://vk.com/bitcoin_vanga

[windjc]

Here is a google translate from Aug 5th.

"3157. This is a new historical high. Obviously, it does not want a triangle) Although you can estimate the wedge, but it's already very large in time. If the wedge, then around 3500 the price will reverse on the third wave back to 2600.

I'll leave the wedge here just in case (pic.1), although I can not believe in it.

What is there for us in the general picture ... The price is clearly storming the second red trend logarithmic line. Line wait somewhere at 3500 is just growing. Let's see how the level of 3500 reacts. Maybe it really will break through with its wedge. (Fig. 2)

In general, we must look at what will be at 3,500."




https://vk.com/bitcoin_vanga

Thank you for posting these.

[snowdropfore]

Here is a google translate from Aug 5th.

"3157. This is a new historical high. Obviously, it does not want a triangle) Although you can estimate the wedge, but it's already very large in time. If the wedge, then around 3500 the price will reverse on the third wave back to 2600.

I'll leave the wedge here just in case (pic.1), although I can not believe in it.

What is there for us in the general picture ... The price is clearly storming the second red trend logarithmic line. Line wait somewhere at 3500 is just growing. Let's see how the level of 3500 reacts. Maybe it really will break through with its wedge. (Fig. 2)

In general, we must look at what will be at 3,500."




https://vk.com/bitcoin_vanga

thank you very much ,it helps a lot

[infofront]

Here are the two charts from Masterluc's Aug. 5 post.

Fig. 1:


Fig. 2:

https://vk.com/bitcoin_vanga

As of now we've convincingly broken out of the wedge. $100,000 next year confirmed.

[keystroke]

Update from the master:

About the main theme of the group.

It is necessary to look how the price will react to 3500 on a week level.

I understand that now it's 3600, but the week has not passed. And the price dangles at the top deviations of the weekly and daytime BB, which are resistances.

If the 3500 hits up at the weekly level - we will soon see an impressive exhibitor with the goal of this over9000 group.

If it bounces from 3500, then the next call at the exponent will be a little later, in three months.

[ssmc2]

So 9k incoming? 

[STT]

Really, on a weekend with forex and major markets closed is critical.   That means business is not involved with bitcoin price formation.    Generally I would place the highest confidence with a weekly closing price.   Friday is when hot money retracts because of that break to monday so it also tends to be a more sensible ongoing price then possibly the pins and spikes we see vary.


Its hard to describe Bitcoin when its in new territory but 25759 CNY and above is bullish I guess as this is a 161% fib level of the recent large pullback so could be a fair line to measure confidence

[keystroke]

Two new updates in reverse order:

If I'm right and went to the exhibitor, bitcoin will reach the indicated levels in 2-4 weeks. And after that there will be weeping and gnashing of teeth.

Well, after the breakdown of the level of $ 3500 on weeks - I do not see any resistance to the level of $ 15,000

[djuvantebit]

Two new updates in reverse order:

If I'm right and went to the exhibitor, bitcoin will reach the indicated levels in 2-4 weeks. And after that there will be weeping and gnashing of teeth.

Well, after the breakdown of the level of $ 3500 on weeks - I do not see any resistance to the level of $ 15,000

How do you factor in the hard fork in November?

The aftermath of BCH split has given holder somewhat some confidence, but the impact of the hard fork will be far reaching because they will be faced with which of the BTC they should go with the price will at the mercy of sentiments and PR, in any case i believe their will be big dip and the market is simply preparing for it by shifting  the support. Come to think of it you are right, not much resistance on the horizon, damn wish I had money to jump on when it dipped to 1900$

[podyx]

100 thou early 2018? And Mcafee says 500k within 3 years. Whats going on with these predictions lol

[Erdogan]

Why people are ignored here?!?

[gentlemand]

Why people are ignored here?!?

This thread is rather like a chapel. You come here to contemplate and reflect, not interact with everyone else.

[birr]

Why people are ignored here?!?

This thread is rather like a chapel.

With a Russian language liturgy.

[marcus_of_augustus]

Why people are ignored here?!?

This thread is rather like a chapel.

With a Russian language liturgy.

And a robe-shrouded mystic who appears on holy days.

[rjclarke2000]

Latest from the master.


https://www.tradingview.com/chart/BTCUSD/3RjQGYZp-No-resistance-till-15000-when-3500-will-break-up/