Hello all,
The BTC is finishing it's correction or it is already done now :
As you can see, we almosted touched the support line in red and we are now doing a UP. I think the correction is done at short term. We could perhaps have a new touch on the support line but I don't see the volume needed to break it.
So my next objective now will be to go test the previous TOP around 19.500$ but yeah first let's see if the correction is really done.
I wish you massive profits,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Version française ici : [FR] BTC - Correction terminée ou pratiquement
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Bitcoin is effectively under attack and market cap has been sinking, the BCH gang is working hard to chisel away, and they have been successful over the last days. It's an illusion to think that BTC and BCH can both flourish at the same time.
So I personally favor altcoins these next few days, hoping that bitcoin can re-establish itself as the solid gold standard we were used to after Christmas/New Year.
However neither the miners nor Wall Street can be interested in that.
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It really is incredible the way BCH has its own underground thing happening. It’s bigger than I thought and it reminds me of a cross between the mafia and the crew from The Big Bang Theory. Lol
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@lorilikes cryptocurrency world is becoming like game of thrones :D I think it is better than most tv shows nowdays!
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And far more entertaining for sure.
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Yes ! It really is. I don’t know if the competition can do as much damage as they think though, when going up against bitcoin. 💪🏼✨
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I agree! I also think it is now time that Roger Ver gets his own website for BCH and stop using the bitcoin.com to spread misleading information. That is one powerful tool in his artillery as most new people might visit it to learn about Bitcoin and get fooled into buying BCH.
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Scumbag bch can't do anything. They were rejected. Now all they can do is subvert newcomers by pretending to be bitcoin and spreading fud. Their latest push was with the whole tether thing and trying to scare bitfinex users to close their accounts and send their funds elsewhere. I hope bitfinex sues roger ver and all his lackeys into the ground.
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The 25% BCH took away isn't so surprising - after all, it was a spectacular fork earlier this year. So we can say that, if you look at all the predictions from mostly haejin (other folks don't combine long-term prediction with TA, they just guess - while other TA artists don't like to predict further than a few days), those who dared, all landed at 20-22k or so at Christmas.
BCH has taken that away from us, we're exactly 4 k away from that goal, and that is the value of BCH... what we have now is of course a hedge, you can invest in BTC and BCH to make sure that you won't lose money when the other rises, so what the hell - the problem is that the bitcoin nimbus is damaged. People had a religious belief in hodling bitcoin, and that is gone with the wind, giving more credence to the doubters - not good, as the market depends on human beliefs... if the ver-rogers manage to get it up to about 50%, I see real danger for bitcoin classic, as people will then compare and think, "well BCH is the cheaper and faster system, otherwise bitcoin is bitcoin TM, so..."
That it's centralized doesn't count for them (BTCs lack of centralization proved to be a weakness, as all the kooks could play their games).
We should see this as a chance and even duty to strengthen altcoins, so we have alternatives next year when shit happens, as it no doubt will. So if in doubt, invest in altcoins, ideally the stronger ones, nothing below 50% allover score on coingecko (putting money into 500 no-name coins with one pump a month will just make it trickle away).
Wall Street isn't going to take the stronger alts away from us anytime soon.
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I am really waiting to see how this whole play ends and I can see the reason why a lot of alts are really pumping hard these days and making it even scary to get into them at their peaks. Still trying to look for undervalued coins right now that can really do the deal for me. I just invested in Trig, XVG, and BAT. What do you think about them? Any other coins come to mind that I can make some research on?
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Verge is doing fine (at this moment and generally), haejin will do an analysis on it from time to time.
XVG is bound to swing with ETH and is in good standing - no idea about Trig, it's pretty small and I'm always afraid of such coins, but the chart looks decent. It's just that pumps are so unfathomable with the smaller coins.
You could have done much worse with bitcoin these days ;)
I would really think it best to only invest half over the holidays, for peace of mind's sakes, and a good night's rest ;)
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The thing is, I don't want to touch btc in any way because of it's slow and high fee transactions. This is not how Satoshi himself visioned the bitcoin. Raising the block limit was one of his last wishes - also every major core developer were for raising block limit until they got bought out. So it's complicated issue and everyone can make their own mind on it as they should.
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People invest in Bitcoin not for transactions, I never transact in Bitcoin - I usually exchange it to Ether if I want to send funds elsewhere. I never had a problem with that and I never paid much, nor did I ever wait for more than a half hour. Altcoins are for transactions, Bitcoin is an investment and a symbol, and they're destroying that symbol now, out of simple greed.
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Bitcoin is the gateway to crypto and out of crypto for many people and currently it sucks at that, badly. Now I hope it gets replaced asap by something else if the fees doesn't start to come down. "Altcoins are for transactions" - this would make Satoshi turn in his grave, what a disgrace.
Looking into bitcoin cash now, it seems to follow Satoshi's vision and those early core developers who wasn't still on the payroll of big boys. Money seems to change things.
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true..but I support bitcoin. all the way, it can't be that every day will come another token...
and rule the market..
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Indeed, I'm sure the BTC won't let the BCH taking the lead without doing anything
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yea :) @cryptopassion
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When it comes to investments I prefer being a pessimist. This fall is a short one, I actually was expecting more fall. It didn't even fall close to the support line.
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Aha! Pessimism comes in handy, at times. No offense but I am glad you were over estimating with the pessimism. I like the little dips because we all are holding on to the “oh shit!” bar as the bitcoin vehicle jams right past the speed bumps and barely takes a hit. Yay. Keep rocking. ⭐️✨
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A bit annoyed I missed the bottom. I bought in too early on the dip.
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It is very hard to buy on the dip and sell on the high... the most important is that you make profits
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It’s a good thing to remember that these dips are always much smaller than the incoming rise - it’s not too late to buy before it does... what it always does ... and dips a bit then steeply climbs to all delight.
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I think Correction is Finish...Soon Bitcoin again 20,000$
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Hehe I wish my friend
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Oh thanks for your Upvote..
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Now BTC seems to be ready to follow its bullish trend.
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Just took some Altcoin profits! Lets get over 20K!!
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Wish I hadn't sold my BCH at $300 :( :( :(
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I think the same...
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wow, that's quiet smart analysis. I don't have time to learn this kind of knowledge yet,but thanks to the ppl like you who untiringly inform us regarding this matter.
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Great post
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I am optimistic about Bitcoin price. I hope it crosses all time high 20,000 soon. What do you @cryptopassion?
I think many people will invest in Bitcoin on Christmas and New Year Eve and it can certainly help Bitcoin grow.
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Thanks for all the information and corrections. Very useful information. We really appreciate your work. Keep it up!
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hope the trend continues. the bubble will burst eventually, the question is not if it Bursts, but when...
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Yeah,,,, nice......
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Nice update news with graph chart about bitcoin trading and Cryptocurrency. Follow and upvoted you. Thanks
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i love steem and bitcoin will be past soon
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Wow
Dear friend
This is the best way to help all steamian friends
Thank you
Plse UPVOTe and follow me freinds
@mercyjohnson
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Keep it up! One day you'll be number one in this thingo!
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Seven of the most interesting Bitcoin alternatives 1. Namecoin 2. Ethereum Ether 3. Brave Basic Attention Token 4. Litecoin 5. Gridcoin 6. Cardano 7. Ripple.
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Nice to don't see only the BTC. It is indeed possible to make nice profits with altcoins also
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ahan @cryptonewslife but btc have no best alternative for sure @cryptopassion do you agree with me
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Yes. totally agree.
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Nice info your share
Upvote back
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Yah, need Btc to go up again, need to buy more steem.. :)
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This is great news! Up, up, up!
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The correction is done. and btw, I think BTC will hit 20,000$ mark by the end of 2017, or at least my wallet hopes so, even though I keep HODL it..
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go to take btc!!
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I need to learn more as it is very interesting indeed :)
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Can argue with that seems like the storm may be over for now
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Nice information
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now bitcoin will stay 1/2 week in target 15k$ -18k$ after that btc go to 25k soo gl all
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You are almost a millionaire if you have 1 btc in my country .
Hope this trend of btc continues
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Correction is Finish, now, i am going to buy btc..........
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Nice analysis ! Thanks for sharing here my friend !!
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Thank You :)
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Not sure, think altcoins have more chance of immediate growth tbh
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@cryptopassion BTC has been overdue for another run for a while.. I wonder if the recent BCH phenomenon is why this isn't happening..
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Ahahaha....@cryptopassion I agree with your advice. We all a keen to invest and fear to lose.
When you say never invest more than you can afford to lose that is in fact true even in other business scares.
Deep research is needed before making the investment decision.
Great lesson
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It’s nice to see the market data the way you share it and I am So glad you don’t use any of the cheesy scare words that most mainstream portals love using. To see what I mean look for my most recent post - it’s a doozy.
Again thanks for adding (mostly) fact, laced with sincere opinion, plus the staple disclaimer. I will follow your updates definitely. With respect, @Lorilikes <— yes I “atted” myself lol . It’s to save you time in case you really want to check out my recents. 🤓. I upped this post 100percent for its neutral quality and it’s straight forward message. ⭐️⭐️⭐️⭐️⭐️
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Definitely a thorough analysis you have done. Will keep that in mind and also the risk factor that you have mentioned....great job ;)
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Interesting, friend, excellent analysis.
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Around 13600 is the next support. We will see if that holds. If not this has been a pretty massive drawdown on bitcoin. The positive side to this is a lot of the altcoins are not crashing as hard. I may have jinxed it, knock on wood.
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Thanks for correction i hope that bitcoin price will be grow up to 25k dollers in within few dats
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I totally agree The disclaimer, but in fact is something we have dodo in every domain, it shoukd be part of our life. Concerning BTC lately it has gone through a specific period of its existence and now we see the results.
Hope getting better.
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yep. i also believe that the correction is being done by BTC and it'll again start rocketing upwards as it is doing for sometime now
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I am waiting for the wonderful continuation...
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After a month or so Yesterday I saw my account value just doubles and since that time in one day i saw an increase of $80. So market is now really on higher end. It's just flying...But my fear is when people starts withdrawing their money, market will correct badly. Hope for the best...voted!!
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Personally I'd love it if the correction was done and Bitcoin would rise some more!
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