https://cryptowat.ch/markets/gdax/btc/usd/1d
There's a drop-down menu along the top of the chart that has the Bollinger Bands as a viewing option.
The general idea is that the chart doesn't like being outside of the bands, and the bands give a general idea of how much movement there may be in a given time frame. The tighter the bands get, the more imminent a move, up or down, will be.
I knew this would be asked. I had a nice write-up a while back but it relates to the chief backing of Bitcoin Cash which is a Chinese ASIC manufacturer - Bitmain - who created it as a money grab. Bitcoin cash was 30% more profitable than Bitcoin at launch. Continued price support creates a lot of manipulation of the price as opposed to creating any actual value. Here's a more recent controversy.
Lastly, if you look at its market cap vs. transactions, the Bitcoin Cash market cap is 2.8 larger than Litecoin while having fewer crypto transactions as Litecoin. This means its price is extremely overvalued.
Posted in the wrong weekly discussion. Lets try this again.
https://coinbase.com/earn/xlm/invite/mnk10385
If you arent in coinbase earn program, i recommend getting involved. Its free crypto for watching informative videos. You can trade it for litecoin too.
Granted, i get some free stellar for people following that link, but i think this is a neat program too.
With that out of the way, ive been behind on news and passively watching markets. But i have noticed that litecoin seems to be snagging market share from etherium. Or value? I dont know. But eth is still underperforming in my opinion. Ltc seems to be doing well in contrast, and eth is mirroring better that is has in past weeks, but it still seems behind. Thoughts?
https://coinbase.com/earn/xlm/invite/mnk10385
If you arent in coinbase earn program, i recommend getting involved. Its free crypto for watching informative videos. You can trade it for litecoin too.
Granted, i get some free stellar for people following that link, but i think this is a neat program too.
With that out of the way, ive been behind on news and passively watching markets. But i have noticed that litecoin seems to be snagging market share from etherium. Or value? I dont know. But eth is still underperforming in my opinion. Ltc seems to be doing in contrast.
Im feeling we are in the late October of 2017 area now. Lots of small coins have been poping for over 100% gains. Celo today, loopring yesterday. I can see a BTC dump to around 19 or 20k but honestly feel the first retrace to that has a big bounce because of institutions that got in around 20 to 22k. Seems like a ton of clusters there and at 18 and I think they would buy in more rather than dump which would lead to another run up. Its nutty and I could totally be wrong but my buys for what I sold at 25k and 31k are at 22 to 19k.
But obviously Ive sold around 50% of my stack from March because most are up 5 to 10x and you just gotta lock in profits there. I am not really scalping much now cause its too choppy but do have some rebuys of ETH (around 600) BTC and LTC (around 80). Dont want to catch a falling knife but would be fine long term with rebuys at those spots.