bagofXMR
Short

BITCOIN: THE END OF AN ERA

You guys know i am THE bear. Neither alste. nor khun, bagofXMR is THE bear :joy:

NYA             contentious (thanks to the core dev team and its fanatics) fork will show to the world bitcoin             is going to split for third time in 3 months, a grotesque show that will set back bitcoin             a couple of years at the very least (from mainstream institutional investors perspective).

Profit taking must happen and the monthly chart shows we reached a top:
A huge hanging man for the september candle
MACD over 900 and starting to slow down and turn down
StochRSI recently crossed bearish and it is over 30 months in the overbought zone
RSI peaked at 95 and it is going down with enough room to dump for a few months before reaching oversold zone.

Weekly chart also looking topish:

Strong RSI bearish divergence
MACD converging with signal potentially crossing bearish soon
MA 5,10 bearish crossover

Daily chart also suggest dip buying lost strength

Volume descending
Failure to break resistance
Stoch RSI bearish crossover
MACD converging probably about to cross bearish

Last but least, 4h chart is a bit doomy too

Rising wedge broke down
Bearish RSI divergence
Bearish MACD divergence
Price breaking 55 EMA , something that usually triggers panic as you can see in the chart (when price trades below 21,34 and 55 EMA's there is a dump following it)

What else do you need? Check related ideas for my bear credentials in bitcoin            
bagofXMR CaptainTrader55
@CaptainTrader55, you have only to see the first sentence of this idea to get that even i make fun of my self, as i compared myself with the biggest failed bears in here, when i could have used the names of remarkable and good bearish traders. So there is no need to try to hurt me by laughinh at my loosers.
You still think you are the "altcoin master" (your own words) because you longed 10 coins in a bubble where the market made x100 average in under 9 months :joy:
Reply
bagofXMR CaptainTrader55
@CaptainTrader55,
This were the guys i was comparing me with when i wrote this rage-post about bitcoin :joy:
So you can't dare to think i couldn't see it coming,

Reply
the end of an era
Reply
May be we have another fork rally to get free coins like bcash :\

@bagofXMR Do you have a stop loss for this trade or are you still adding more lots?
Reply
bagofXMR etiennez0r
@etiennez0r, adding.5150 stop for now
Reply
It seems Bear on hold..major coins and btc will go up in the next 2 months..
Reply
Well..I hope you are right, crypto market a bit frozen nowadays. People still waiting the 7-8k btc in this year, if they realize this not happening maybe a dump wave will come..but who knows.
Reply
Good technical analysis imo.
Reply
I'm still giving you a thumbs up for your contribution. I'm always open to hearing TA contrary to my own. Thanks for sharing.
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out