Lets put it at this in mid 2017 the rumors of CME futures drove the price up However when CME futures were confirmed late 2017 Price crashed
Now in 2019 Bakkt futures rumors drove the price up again along with Chinese Plus Token Ponzi Scheme Participants
Now here at mid 2019 Bakkt futures now confirmed Price Crashes? Will it be different this time? i doubt it
To me its all the same story happening in different times Always buy the rumor sell the news Also whenever Wallstreet tends to get involved those guys usually love to short assets as most retailers only know how to buy You know what they say if you can't beat them JOIN them
Short the ponzi
If you have a bearish bias then this chart is for you once 9k breaks that pretty much confirms bear season with the 2019 rally seen as a wave failure (x) introducing a future decline in another zigzag pattern to 2k levels
From a fundamental standpoint If you ask me BTC has really no real use case adoption for now it is merely used for pure gambling , running ponzi schemes and pedo endeavors this is obvious as most of the trading volume comes from china Chinese folks loveee to gamble ( i know this because im part chinese) Imagine plus token ponzi scheme was able to raise billions of dollars in BTC and ETH they were the ones who probably fueled the run up to 5 digits and now that their in jail. So buying pressure from china is probably going to dry up Americans won't be crazy buying these prices as most of them are in heavy debt already(student loans , car loans , credit card loans, mortgage etc)
Prepare for the worst full confirmation of this scenario is a breakdown below the red level (mid 4ks) Keep this in your head
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I betcha if you saw this chart and didn't know it was BTC you'd go all in short this price point here isn't too bad to start scaling out your positions or building a short Invalidation : break above 12k
Trade active
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We are morphing into a bearish pennant to finish off this (R) SH altho if we break above 10850 then we will be complicating in a bigger triangle this is looking similar to 6k meme bottom before the big rug pull net short and chill fo $$$$ freedom
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Check this inverted chart for BTC price approaching at the apex of this pennant Also most altcoins are painting the same pattern targets for shorts 8500-8155 Lets GO!
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Big Move coming for the PONZI Bearish Pennant coming to its apex. RUG pull can happen anytime this week!
What did you smoke that you went 180 degrees bearish. Yesterday you were 80K? WTF!
GerardWalker
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@Jay4308, read the last part of the post .i only posted this for reference in future because we are dealing with probabilities. Like i ve mentioned above this is only confirmed if we break critical levels from extreme updates until such will the scenario be implemented
CryptoTrend-Alerts
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$2300 = Death?
wrong target for WXY Scenario !
you are to bullish....... :)
nabhan71
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very nice finally agree we will break 3000
supremetrejdr
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You're reading my mind man. If I could draw what's gonna happen to BTC from now on we would have identical charts, lol
Chadnichols_
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Bro, why are you using a known scammers photo? He’s been in multiple frauds and is wanted by government agencies. “Do you have 10 btc? Let me trade it for you” Hahahaha idiot
GerardWalker
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@Chadnichols_, i know right this guy still has it going despite all the scams he pulled off. He represents what Cryptos stand for. gambling and running ponzi managed funds
TSwift43
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@Chadnichols_, i know this reply is late,,, but I guess he's confirming that he is the guy, "who has it going on", and is telling to your face that he's running a ponzi managed fund? am I getting that right? lol
UncodedMind
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Im with you my friend
muhsis
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lol if u still thinking bitcoin will go low u r retarded, u looking and the small picture u ll understand by 2020 may