DrJLT
Long

BTCUSD close to $18k collapse (another day to go?)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I mentioned twice in the past week that I believe BTC             would go to 1.618x extension of the year i.e. $18k before its derivatives are alive.

Yesterday bitcoin             swept all other major coins and has shown zero sign of slowing down. However, there are only so much money to go around.

I think the $18k target could potentially be reached later today or tomorrow. The weekend could be a period of confusion. Come Monday, the big crash many portended will be real. Altcoins may also be implicated. Seeing this last extension has been so dramatic, a fall to $9k is expected.

Note the indicators show severe overbought condition -> but they don't mean much. It's money supply that'll be the problem for bitcoin             . Do we have tens of billions and increasing everyday to pump bitcoin?
Comment: btw, check out my website
https://www.jlteng.com/
Comment: It very well may have peaked, though to fall that's probably not today b/c a real trend reversal is not V-shaped
Nice!
Reply
Well, if Bitfinex keeps the Tether fraud plus its potential margin trading, they could still wash trading BTC and pumping up the price to the sun. Trading under such a manupilated market, one mindset to keep away from trouble is to avoid greed. Take the profit at a proper timing.
+1 Reply
Shorting my BTC step by step during this massive bull run by buying ultra cheap alts. I'm expecting alts to recover fast when BTC slows down. Whales have been and are still accumulating incredible bags while dumb money goes to BTC now. So much potential for some of them and so badly thrashed. And it's not even the real BTC pumping but that's another discussion. Only expressing my personal opinion.
+1 Reply
mmitkevich TimDeleeuw
@TimDeleeuw, when BTCUSD crashes xxxUSD alts would crash as well. Red days on coinmarketcap you know.

Alts also are risky these days. But, positively, after crash they will recover faster than btc
+1 Reply
dmbrski mmitkevich
@mmitkevich, IF BTC goes all atl will go. I m all cash since yesterday. happy with my profit and I hope to be back soon.
+1 Reply
@dmbrski, too risky to keep something on exchanges now. Hope your cash is in your safe.
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