Launched in Jan. It is fair to try and guess what is the next Bitcoin by looking at the prices and the market trends growth trends , but those are not the main aspects to be looking for. For the sake of this example lets say every worker contributed the exact amount of processing power. Despite increased awareness around Bitcoin, not a lot of people seem to be talking about this.
After Bitcoin, What Next? — Investment — Nairaland
With the cryptocurrency world gaining more and more mainstream attention, it is just natural that a lot of people take interest in this topic. But naturally, as time goes on, people start wondering — what is the next Bitcoin? Or in other words — what is the next big cryptocurrency? Those are the exact questions that I will try to answer in this tutorial. Bitcoin was first released into the general public back in Needless to say, because it was such a new and exciting concept, it quickly gained notoriety and. As the years went by, Bitcoin gained more and more traction.
Bitcoin saw massive growth after the 2016 halving.
The chart above show what Bitcoin has been doing since we have hit our low in February. The first uptrend finished with a retracement making higher low. Since then we have been on the second uptrend channel which started its retracement retracement 2. However if to look at the Retracement 2, we retraced to USD price range making the third higher low, however if to draw the trend for Retracement 2 we can see that Bitcoin has left this trend and is looking for its way up again. However I predict to see a pattern which is typical for Forex trading and is called ‘Slingshot Reversal Pattern’. The resistance which we were not fully capable of breaking was USD price range and our support is at USD so we well see price playing between this resistance and support after what we should see downward movement breaking out the support price however this will be a false breakout where the price should hit the Uptrend 2 channel at the price range of USD and after this we should see the Slingshot and price movement upwards. If this pattern gets confirmed by breaking out the support I would wait till it hits a low price and starts moving up and set my buy at any price higher than USD as it has to move higher than the support to confirm this trend.
Why Tezos is Beating Bitcoin?
The chart above show what Bitcoin has been doing since we have hit our low in February. The first uptrend finished with a retracement making higher low.
Since then we have been on the second uptrend channel which started its retracement retracement 2. However if to look at the Retracement 2, we retraced to USD price range making the third higher low, however if to draw the trend for Retracement 2 we can see that Bitcoin has left this trend and is looking for its way up. However I predict to see a pattern which is typical for Forex trading and is called ‘Slingshot Reversal Pattern’. The resistance which we were not fully capable of breaking was USD price range and our support is at USD so we well see price playing between this resistance and support after what we should see downward movement breaking out the support price however this will be a false breakout where the price should hit the Uptrend 2 channel at the price range of USD and after this we should see the Slingshot and price movement upwards.
If this pattern gets confirmed by breaking out the support I would wait till it hits a low price and starts moving up and set my buy at any price higher than USD as it has to move higher than the support to confirm this trend.
In Forex trading, after a Slingshot Reversal Pattern is confirmed the price is expected to move back to the same price range, in other words go back playing between the Support and Resistance after bitcoin what is next that is not what we expect from Bitcoin because Cryptocurrency trading is not Forex trading.
My prediction for Bitcoin during the next days is that we will move down and hit the Uptrend 2 after which we should see Bitcoin moving up with small retracements on its way, and the next price zone where we might see the third retracement should be USD. Good Luck, Traders! As not all of my trades are here and I am willing to help more people, my trading ideas for premium users will be coming soon Website should be ready in couple of weeks.
There will be a limited number of members as I want to help as much people as I can but there is a limit to how much people After bitcoin what is next can help. The point of this forum will be to guide through this new market which is quite speculative with its whales and bears and all we have to do is follow this pattern to make profit and that is what we are going to do!
May
5 Predictions For The Next 10 Years Of Bitcoin / Crypto
Crypto Credit Lines Sponsored. Join thousands of subscribers worldwide. NEO began life in With doing so, it opened the doors for many other cryptocurrencies as. Cryptocurrencies E-commerce Currencies Financial sector Internet analysis. Yashu Gola 3 days ago. Your Practice. Increased difficulty means miners need more powerful hardware to solve the cryptographic algorithms.
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