BTC is in the 50% retrace area of the entire move from the January 2015 lows to recent highs, the perfect place to expect to see the beginning of serious institutional buying. Everyone who was looking on in disbelief a month ago now has a very nice opportunity to start allocating a part of their portfolio to crypto. Everything between the 50% and the 61.8% will be seen as a great buying opportunity for money that feels the need to diversify and get some crypto exposure.
I'm wondering if they're going to get smart and start picking up more STEEM and BTS too. 😄
Good point! Do you think they will wait until after the first futures contracts expire this week? That may add to the buying (or selling) pressure...
It's really hard to say one way or the other, but I do think that it will definitely add to the volatility!
First thing to watch is where the bids show up and in what size and how many. Everyone will be watching each other to see just how anxious they are to put positions on.
Interest in Bitcoin is increasing day by day. There is great interest in this currency in many parts of the world, and investment is on the rise. Although the value has been on the last few days, the number of those who believe that BitCoin will rise again is unlikely.
@cryptographic
I have evaluated this decline today. We'll wait and see. Valuable post. thanks for sharing.👍👏👏
valuable post. thanks for sharing
https://steemkr.com/crypto/@cryptographic/the-crypto-boom-part-3-what-to-expect-from-crypto-in-the-future 😉
@cryptographic,
I think this price drop and all dramas happened due to the end of 1st Future contract! HODL everything will be alright and your graph analysis with fundamentals definitely works! (You have proven us your analysis are 100% accurate) Thank you very much for sharing this valuable update with us!
Cheers~
SMA
BTC is well supported by the 100 day SMA as of now and once it breaks decisively(means the close of the daily candle, if bearish), then 200 day SMA will be the next strongest support which is at 8500 usd.
Fibonacci
If we plot the fibonacci from 2016 to 2017, then we can see that the 50% Fibonacci is at 10000 level and 61.8% fibonnaci is at 8000 level. But we must remember that any price between 50% and 61.8% is a good buy always and this holds good in the present scenario.
all other parameters like RSI and stochistics are in extreme oversold territory and hence bounce is very likely from this level.
Thank you @cryptographic...steem on and stay blissful....
it's true right now it's a great chance to buy more steem and hodl because we might not see that price again with the upcoming hardfork and SMT.
Yes i bought 350 steem & 10K bts yesterday....i think best time to buy..i will buy some more today also.
@cryptographic...its a bad time in cryptofield Its at long last got up to speed with them. Ponzi great appropriate here insufficient cash coming in to help what ought to go out. Continuously occurs with every one of these projects yet individuals poor millions into this poop regardless of the amount you do whatever it takes not to.
The miserable part here however is nobody is a victor, everybody loses (I am not put resources into bit associate by any stretch of the imagination) But rather whats extremely awful is currently that bitconnect is gone some other bologna will dispatch and individuals will do a similar damn thing once more.
Great and valuable information.
Thanks @cryptographic for sharing this post.😊 💚
Upvoted + Resteemed your post.
important post... a debt of gratitude is in order for sharing
Upvoted & Resteemed this post now @cryptographic
The use of crypto money and blockchain in 2018 and beyond is unavoidable and will become unstoppable as an avalanche. The world will continue to develop and develop systems and processes that are new, unmediated, tax-free, commission-free, direct "buy, sell, change, contract etc." eagerly and even with greed..
valuable post. thanks for sharing. Thanks for sharing upvoted and resteemed.
Sale is back again
upvoted & resteemed
Great call @cryptographic.
This is a buying opportunity for those who are not already in crypto. I believe that there was still a lot of money waiting to get in and now that the "bubble" burst, Wall Street might enter the picture on an even bigger scale.
I think we have down days like this because more Wall Street money is in and they get nervous when down 20%....those of us around a while know that is a lunch break.
I have a feeling this pullback cleared out a lot of weak hands.
As for STEEM, the blockchain is still humming along....not sure why @steemit starting powering down....there is a plan for all that money...wish I knew where it was going.
Either way, 2018 is very bullish for STEEM and BTS.
Except if we drop to the 38% level.. that happens too!
I wouldn't be surprised to be honest, to see us visiting 8Kish or so. Anything can happen in Bitcoin!
@cryptographic What do you think is next for BTC ? Do you think it will hold 10,000$?
I also agree that this is a great opportunity to load some more good projects. Also I am interested in the reason you are so bullish on BTS ( I know it is a great project, but still I would be delighted if you can enlighten me a bit)
Much valuable post @cryptographic. Your prediction and crypto opinions would be very informative. Thanks for suggestion here.
"BTC is in the 50% retrace area of the entire move from the January 2015 lows to recent highs, the perfect place to expect to see the beginning of serious institutional buying."
This is the right time for anyone that wants to invest into bitcoin should do so now that it's price is way down because bitcoin is going to shoot soon towards the end of January. Bitcoin the bedrock of other cryptocurrencies as it takes more than 55% of digital currencies in stock market. The rise in bitcoin will also affect the rise of others too.
Yes, while one can never know for sure, here are some signs that can put odds on trader's side. In December 12,000 was inflection point, where price break above with the power (demand), that same level has been later tested and it is being tested again, on a heavy volume (wash out). And dnce hammer is being formed on 4hr chart. Odds are better on a buy side here...
Entry strategy should be chosen based on each personality and each system, entry could be if price on next candle is above this current hammer or a little bit safer entry, if/when price crosses back above 12,000... And no guarantees, but setup looks good ;-)
Well, that hammer didn't hold, although, we are now bouncing back.
Thanks for sharing your ideas, @cryptographic!
Looks like we are done with Zigzag correction
Image is clickable.
@cryptographic Such a great article This is my quest to follow the whales.. No matter how hopeless
I have evaluated this decline today. We'll wait and see. Valuable post. thanks for sharing.👍👏👏
This is very valuable post and great graphic chart. thanks for sharing.
100% like and resteem.
@cryptographic
I am getting very crying at the price of Bitcoin.
now it's time to buy & hodl. impressive market analysis & excellent update. thank you @cryptographic
@resteemia
reteemed & upvoted & commented & followed
opportunities don't know again and again the best time to get in
@cryptographic -
Everything between the 50% and the 61.8% will be seen as a great buying opportunity for money that feels the need to diversify and get some crypto exposure.Sir instead of picking up BTC, I started pick BTS & STEEM & ADA in current dip... I think you are doing the same thing Sir... Valuable input to the community & advice what we need to do in this dip market time...
+W+
Hello @cryptographic,
The best trade strategy, buy in low & sell in high can be applied here. Your extraordinary knowledge of market analysis, not only based on chart analysis, but also fundamental analysis helps the whole Steemit community to get the clear picture in this high volatile market time. STEEM & BTS, as you said worthy investments. We are still at the beginning of 2018, we have 300 more days to go. If we hold STEEM & BTS, we all can be millionaires end of this year.
~@mywhale
Yeah! btc is a half way back but all cryptocurrency market coin are so down man.
Very good analysis and my chart is also saying the same dear @cryptographic and currently it is at 50% fibonacci retracement and this is always a strong buy point.
In the daily chart BTC is currently stalled at 100 say moving average and next support is 200 Day moving average which is around 8000 usd level. But 100 day moving average is having a confluence with 50% fibonacci retracement. Hence it is a strong buy.
Thank you and Have a great day.
This is so great! You got the great point here......
Yes it is halfway mark and if you remember the move in early 2017 and then some kind of similar situation was there and BTC sky rocketed and in my opinion something like that could happen in 2018 also.
Yeah as it seems you are on the right track and hopefully we will see some collections and initially but slowly the rise of the King again !
they are going to be smart or smarter soon enough for sure
Thanks for the update
wow your post truly said it right now we are at that point exactly
Thanks for your update @Cryptographic, I am using some buy ladders in the indicated zone for STEEM. They really need to make the tokens more accessible than via Poloniex!
Already have some BTS but looks like a good opportunity to average down now. Have been somewhat burned catching a falling knife so will see what tomorrow brings!
more than halfway back time to buy the hell load of btc
I very much hope that soon many will notice - how progressive the currency is Steem. Thank you for the article. Good luck to you and good.
This post has received a 16.23 % upvote, thanks to: @cryptographic.