ZarNegar
Short

BTC is Falling

BITSTAMP:BTCUSD   Bitcoin / Dollar
17392 91 123

The BTC is still reduced
The main target for the next few month, will be 133
After reaching this level. BTC can start the upward trend.
fancy chart.. but what does that mean?
+16 Reply
ZarNegar BitWave

The meaning of this chart is that, BTC will surely fall to 113
I have no doubt this scenario
-8 Reply
MoonTrader ZarNegar
How can you be so sure?
+7 Reply
ShortThePlanet MoonTrader
Good TA makes traders sure. No big deal
+5 Reply
MoonTrader ShortThePlanet
There's no such thing as having "no doubt" in TA.
+7 Reply
ShortThePlanet MoonTrader
When btc was in 600s I had no doubt it will crash. That happened
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MoonTrader ShortThePlanet
But you couldn't know that for sure at the time.
+3 Reply
ShortThePlanet MoonTrader
I knew that for sure.
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MoonTrader ShortThePlanet
What's that thing they say about hindsight?
+8 Reply
xpierro MoonTrader
Overvaluation is overvaluation. I never traded bitcoin, and ESPECIALLY when it was around 600. Why ? Because I can't use them, nobody can, those who can are shady for most, nobody understand the core principles and I have trouble making people understand the intrinsic value of it or even the use cases. Brokers crash often, are made by magic card traders, the cryptography behin it, albeit perfectly safe, has been made by someone completely unknown. Banks and government, that people criticize all the time but goes to, crying, when things goes a bit wrong, condemned strongly an unregulated currency that would make their countries unable to pay their debt if it was ever implemented globally. Look, the bitcoin is like a worldwide Euro, everyone can use it but no central political gov can pour trust in it to print more, rendering it useless as a real currency. In a word: we are so not ready than paying 600 for a number on a screen is a lot too much. Everyone KNEW it would go down.
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MintCoin xpierro
Mintcoin is set up to be useful as a real currency.
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IvoZ ShortThePlanet
You mean to say "fo shizzle"? Haha :) Knowing things for sure, many months ahead in btc? :)
I like your pamm and articles, but why go there? :)
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Fahrenheit ShortThePlanet
monster ego kills a trader they say
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MoonTrader ShortThePlanet
What's that thing they say about hindsight?
+5 Reply
elp MoonTrader
Usually price will stop at the -61.8 on a daily setup, watched it do many times in other instruments. However, when price trades past the -61.8, price has to keep going strait up or it falls strait down. btcusd traded to it's -3.618, that's a bubble. Looking at silvers 2011 high, it only traded to its -1.618 IMO it was not hindsight since bitcoin had all the tell tale signs of a bubble. Using basic TA it was very apparent.
snapshot
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"no doubt"... LOL, welcome to the pundit graveyard
+14 Reply
TheNickD AKWAnalytics
Or the pundit glory land.... He nailed it, you must admit.
-1 Reply
elp ZarNegar
Gave this comment a like! Instead of -13 dislikes you are at -12 dislikes. You must be correct when the crowd is against you. Good chart at always!

TY for sharing with us ZarNegar!
+2 Reply
I see lots of disagree, but you almost got it right
+5 Reply
the_batman BitWave
He's an engineer and has tons of empirical data supporting the accuracy of this fancy-ass model. It is most definitely not his first time.
-3 Reply
ZarNegar the_batman

Thank you for your comments and advice,
+3 Reply
Mr.Thirsty BitWave
nothing just none sense.
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it looks like a stargate or a portal to another dimension
+16 Reply
lol
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dr who, x file, the twilight zone
+3 Reply
Cool work. Parabolas, being 'ballistic trajectories', seem totally appropriate for a falling entity.
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Charts look fantastic, but how to read it =)))
+2 Reply
peter_brv PRO vortexspaces
From left to right :)))
+2 Reply
I think you should consider looking at BTCUSD on a log scale before determining the need for bitcoin to undergo a full correction to $133. I find the log scale makes better sense of the chart since BTCUSD is so relatively new and emerging.
+2 Reply
But I can buy a 3 Tier High Tea Cake Stand on Ebay for $30!
+8 Reply
tuamen Emanance
LOL
+1 Reply
BTC $133 based on 1 support level and a goofey forecasting tool...lol Stop smoking crack, and considering going on a juicing cleanse to get your head right...mehr sein als scheinen (more substance than semblance...i.e. your goofey tool is pure semblance)
+1 Reply
TheNickD CryptOhio
Wouldn't you love to take your comments back at this point?
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MtGox pivot points while crashing down hard in February were $220 and $92 and finally the price on MtGox stopped trading at $135. Therefore $133 is not a unrealistic area.
+6 Reply
wow these thing is just fulled with stats. thank you for the beautiful alert/ art work
+1 Reply
your the best!
check his track record :D

+3 Reply
JL162636 ChimbOt
ignorance is bliss
+1 Reply
this chart looks like a UFO is beaming bitcoin up to the moon. 4000 USD CONFIRMED
+2 Reply
the http://en.wikipedia.org/wiki/Tiger_Management beating every year all of it 's pear with almost no drawdaw until it got busted bankrupt. and endded in tears.
-1 Reply
Time Warp Continuum portal. Love it!
+1 Reply

This chart is an hourglass pattern,
In this chart, BTC life Will be completed in 133,
And then is reborn and climbs,

Happy New Year 2015 to all
+8 Reply
soap ZarNegar
Looks good, can you tell me about this book and the author of technical analysis it?
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Siakisboy ZarNegar
Happy New Year, I like a man who puts his balls on the line, I hope your wrong though. I'll stay tuned.
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you missed comma. 1.33 thats where it should be or even lower.
-1 Reply
It's an alien chocolate fountain, I want what you're smoking, LMAO
+1 Reply
Would be nice to hit 133 before June, another 6 months of down, will be very painful. Nice chart though. :)
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Free masson charts ?
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http://en.wikipedia.org/wiki/Financial_astrology
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5 dimensional dart board
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UFO!
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xFuD xFuD
Never mind, it's just a space elavator
+1 Reply
stupid!
-4 Reply
ZarNegar atlantis11500

THX, GOOD LUCK
+9 Reply
You cannot (consistently) predict move than one pivot. You can predict the first but the second is always 50-50 because the deciding price action is not even there yet. If I were you, I would hold short and trail the swing highs and buy a double bottom or higher low (assuming there is a reversal).

Good luck though.
+1 Reply
ZarNegar mbrennan

Yes you are right,
This is a scenario for the future, 133 will be the first target for BTC
After the 133 is 50/50, Or climbs above or falls below $ 90
+5 Reply
ZarNegar feedthemcake1
This is true,
At that time, BTC was at a crossroads and had to jump or fall,
And BTC chose to fall .
Thanks for the reminder
+2 Reply
ZarNegar why you think btc will hold 133? In such massive action btc can fall even deeper, to < 75
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ZarNegar vortexspaces

This is an analysis, And This analysis is done by the technical,
I think that BTC does not fall, But technically tells me that BTC falls
+2 Reply
i would yell out schizophrenia on this one, but then again i could be wrong because there is a legendary trader that follows elephant migratory root patterns to trade the stock market. where do you learn all of this? whats your background previous to trading?
+1 Reply
ZarNegar TheBlanco951
Very nice
I feel that you're too worried. You'll need to rest or treatment.
I am always on sale. And enjoy trading. And You can also sell and have fun like me.
Good luck.
+3 Reply
Only sellers win this time in btc. That's true
+2 Reply
lol i would do the same if i traded bitcoin. its pretty obvious that bitcoin trades inside of a wedge.
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range of time and range of price. cool
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I always love your drawing, very entertaining. I hope I can understand it and draw the same thing..
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Wow. Looks like a Star Trek chess board. We came to same conclusion but took a different path.
+1 Reply
miquael jangseohee
what is the break out of the major trend line here? 283? 256? is BTC now below that line?
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jangseohee miquael
~256.20 is the horizontal support
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jangseohee miquael
Not yet but getting there 256.20, IMHO
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JeroenHouttuin jangseohee
That's a great improvement to Zarnegar's christmas tree. The width of the channels seems a bit arbitrary though, especially the lower level of the current downward channel.
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Bitcoin price trends, similar to China's Shanghai Composite Index
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Great chart as always zar!
+4 Reply
How exactly did you suck this out of you thumb? This is the vaguest TA I've ever seen.
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Regardless of anything, I just enjoy your charts, pretty creative
+3 Reply
ZarNegar Technician
Thank you master Technician
+1 Reply
Is that space-age-looking indicator available on Tradingview? What's it called?
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IvanLabrie PRO Captain_Walker
This is just a drawing, no indicator on this chart. (otherwise you would see the name overlay with the periods and whatnot)
+1 Reply
ZarNegar IvanLabrie
Exactly
+3 Reply
Great chart it reminds me theory of the golden spiral in space. I like it ! I think it is the best analysis.
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what a cool looking graph.
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Hmm.. I don't think Bitcoin will reach $133. Bitcoin is currently in a trend reversal process and it's heading up.
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aziz92 CryptoCurrency Inc.
How's that trend reversal process coming?
+2 Reply
looks like your chart is still in play... it just appears to be ahead of your curves.. so 295 was supposed to have been 283, if that chart works out we might make the run to 180s or lower perhaps..
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blackswan blackswan
sorry i was going to say your curve was ahead of the real trend...
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BTC_trader blackswan
Yep. Much lower.
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I have no idea what this chart is saying... but I like it
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Is the 133 target still valid?
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Fuck no!
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but can you make trading decisions of this?? Can you indentify clear stop, entry and possible profitlimit?
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what is this? does anybody besides the OP know what any of this means? looks interesting.
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