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cryptotom99
Jan 8, 2018 8:32 PM

The Bitcoin Bubble - Doesn't this look familiar? Short

Bitcoin / U.S. dollarBitstamp

Description

Things seem to be playing out like a textbook bubble. Am I wrong?

Comment

Some bullish indicators are showing. Opening a short-term long position to see how this plays out.

Comment

Got out.

Trade closed manually

This is the chart that my chart is based upon: fixwillpower.com/wp-content/uploads/2013/04/bubble.jpg
Comments
Box1515
I'm holding a couple alts with stops set to lock in some profits, but sold off most. I'm expecting one more dump today. Maybe it won't come, but the last 2 times they occurred in pairs about 6 hours apart. I am also expecting ~8K to hit on BTC eventually.
Benjamix
Your Macd says buy buy buy double down back up the truck and hodl!! Haha !! But I bet you knew that already. Bubble is already predicted to burst around US$1.7711 Million.. Your ~ two to five years too early !! Sorry to break it to you... btw hodl !!
elshanti
@Benjamix, You might check the Macd at 2013 bubbles specifically the 2013 April bubble
Benjamix
@elshanti, completely different from my perspective i repeat "buy buy buy double down back up the truck and hodl!!" Lol
Benjamix
Besides your rsi says "buy buy buy double down back up the truck and hodl!!" ... shocking. They say the same thing.
Benjamix
On a serious note I'll point out differences. Because this is a blood game won by the best spot the difference enthusiast. Your bubble triangles both show the price hanging to the top trendline compared to our current triangle...
Benjamix
You've left out the most important indicator in your snapshots... which are awesome and I'm so grateful for your analyses believe me... volume... notice pale volume in our current formation is on a sell candle. This for my tastes and observation is extreme bullish.
Benjamix
Peak not pale*** oops
Benjamix
I have a meodiocre reason why.. only to remember and it's nonsensical.. Because smart money buys like the Warren buffet. They buy when the herd sells...
cryptotom99
@Benjamix, Done yet?
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