So many altcoin charts are sitting tight! We just need BTC to start showing some strength. Quick update on BTC
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Bitcoin Price Analysis, BNB, ADA, NEO
Looking at the lopng term charts, you would see that the fall wasn't erratic at all ... It fell right against the $6990 ~ $7100 Resistance level. Agree with you that we are looking like a favor towards strong $5800 support level. We haven't seen any volume great enough to flag a real reversal just yet. Next major support after $5800 is ... yeah ... $3K ish.
The TokenGO project, entering the market at the right time, its mission is transparent and useful, an increasing number of businessmen will want to switch to blocking technology. With the development of the platform, its currency will grow in price, as it will grow against the background of the general growth of the crypto-currency market. So who else for some reason did not go into this project, I urge to hurry
It would be awesome if it was soon, I have already bought everything I wanted, especially privacy coins that have small market cap (Hush, Shield, DeepOnion). But also I gave a chance to Ontology, this one seems interesting, too.
But I aim for high profits with these privacy coins primarly.
It would be nice if the next alt season could come in May-June 2018. I'm not in a hurry to see them rise but I'm tired of all the people saying that crypto market can't recover. Incidentally, some of these people were the ones buying every altcoin that was green in coinmarketcap in December and January. Moreover, I'm ready to see some small market cap coins with good projects rise and getting more known in the crypto world. Coins like DeepOnion which is a nice new privacy coin or Zoin (both these coins didn't have an ICO which makes them more attractive to me) deserve more recognition.
These 400 dollar moves up and down within minutes, reek of manipulation. Every time bitcoin starts showing some life or a period of stabilizing price, it gets body-slammed. How much money does it take to launch bitcoin up $300 in 15 minutes?
Manipulation doesn't necessarily mean randomness and unpredictability, in some cases it's quite the opposite. As for the TA validity, that depends on the timeframe (and the asset). If you are looking at very short-term analysis (minutes), TA will have less effectiveness due to noise, also less effective for very long-term (years), due to the amount of variables at play. So there is a sweet spot where the timeframe is good enough to allow satisfactory predictive power.
Thanks for that polite and hilariously original comment, William. It's obvious I've caught the attention of a superior intellect. So, explain to me - What value is short-term technical analysis in an obviously manipulated market?
Big mistake. BTC will lead the way and will have his run before any Alts run ! You will have some exceptions but not to consider as massive runs. When BTC tanks, Alts tank as well. And BTC bear cycle is not finished.
BTC/ETH have been trading sideways for over a week now. Certain key alts have found their bottom at the end of March. Folks have been accumulating alts for the past week. My gut tells me we'll see this action for another week or two more before we get that capitulation sell off that will hopefully trigger the next bull run. Thoughts?
Personally I try to accumulate bitcoin and other cryptocurrency not trade for cash. I used to trade for cash but I am in this for the long haul not for a quick profit. If you look at the sell orders and buy orders you can determine where the bottom is and where the sell point is. All the sell order is @ 7500 for bitcoin currently. Bottom is anywhere between $6000-$6600. Anything in between is quick profit. Bitcoin is making the alts go down with it. Ethereum wants to go much higher but it's being held back by bitcoin because so many people buy bitcoin than trade for ETH. Once bitcoin starts dropping you know these people selling off their ETH and other altcoins for bitcoin then trade for cash. People are so weary of this bear market that they are selling off too early to make a quick profit after it rebounds. I don't see bitcoin going any lower. This is the bottom.
The miners are interested in finding a nonce which will create a hash with certain characteristics. Lastly, they have to find a random value that they included in the header, which makes the computed hash over that header a value below a particular target. In other words, they do not have to agree to change the protocol. Though there are a few gold diggers attempting to fill their pockets and certain projects that aren`t viable and shouldn`t be encouraged in any way. For users running a complete node, it is a fairly painless procedure to upgrade the software to the newest version. The process of locating a new block to extend the blockchain is known as mining. Proof-of-Work systems utilize cryptographic hashing algorithms to create the action of mining a block a complicated computation. Our software is totally incompatible with altcoins. Changes and modifications to how that it works need to be approved by consensus and every CPU gets a vote. To start with, it`s essential to realize that hardware wallet users control entirely their private keys. Whether you`re bullish or bearish on Bitcoin Gold, you ought not lose your coins as a result of careless mistakes! On the 1 hand, it may result in making a coin that solves all the pending issues. There`s no currency or digital asset named Bitcoin Core. Bitcoin Cash increases the range of transactions that may be processed per block. You could send any quantity of money, any place in the Earth, almost at no cost. You`ve made some great money already on the market, but you want more. For a wealthy individual, BTC`s price premium may be viewed as a plus. For someone without lots of money, BCH`s low price may look like a great deal for Bitcoin. If you have some concerns about the worth of Bitcoin after all forks, you need to be ready for a drop. The distinction is that not all of these suffer the chain split. The primary problem is Bitcoin imposes a hard limit on the magnitude of a block, the location where transaction information becomes stored. The end result is many straightforward wallets, called SPV wallets and very commonly found on your phone, will be quite confused about which chain is Bitcoin. In Bitcoin, the most important reason is known as the network effect.