Whitney Houston, we have a Problem. Warning confirmed. Bitcoin.
Hi traders,
Red flag. As you can see i changed some colours a bit and removed the cup and handle that is now definitely destroyed, forget about it.
The formed double top was worse than expected: the second top was lower than the first top. This was the last chance Btc had to escape from the huge downtrend, but it failed.
The drop was then much more important that expected.
Btc reacted a lot to the downside from the yesterday Fud. It reacted too much. Investors are scared, they are leaving the boat, and the buy volumes are very low. It appears the majority of buyers lost their faith in Btc beeing a possibility to make them earn quick money. And they are waiting for the right time to eventually jump back in, they probably want Btc to be lower.
Btc is heading to the lower resistances and i'm affraid unless a miracle happens, it will head its way down to test its own life.
It is now blocked at the 9300 Usd support and is currently testing it.
We are assisting to a continuation of the bursting bubble pattern of Btc. Time to get amazed if it's the first time in your life that you assist in a bursting bubble in live.
Congratulations to you if you exited before with some profits, and i hope you did.
If we follow the logics of every burst bubble of our history, a capitulation sell-off could occur sooner or later, breaking resistances and forming lower lows.
The blue pattern i primitively drew is the eventual pattern the capitulation sell-off could ressemble.
Have a look at the cryptocurrencies market capitalization since 1 year, or its existence, and witness the bubble pattern we all just participated forming with our cash and greed since a few months.
Have a look at the Xrp graph since it exists and see what we did to this currency.
Don't stay in a denial state or you could hurt yourself more.
Then i see some people will come and say : "yes but Btc always corrected very fast, stop spreading FUD, it will go back to 15k and 20k soon, it is not a bubble".
Yes, and no.
Btc used to get up quickly after its previous bubble patterns as the market was extremely small in capitalization (it is still small), and it was only pure Crypto afficionados and true believers trading the market on the previous crashes.
Now, we approached the trillion Usd when the market was at its highest, and a lot of average Joes joined the boat hoping to make quick money.
This means these average Joes that joined in mass are now about to leave in mass, as they are not true Btc Hodlers and not true Crypto believers that were forming the majority of traders when the previous bubbles happened.
This bubble should then logically ressemble the typical bubble pattern that we all know, as it would be a better representation of the mass of every type of buyers about the leave the boat, compared to the previous bubbles Btc had known.
Of course i could be wrong.
We will have some opportunities to join back in, there are very high chances Btc will grow up again in a soon future, 3 months, 6 months, 1 or 2 years, noone knows.
Good luck to you.
Red flag. As you can see i changed some colours a bit and removed the cup and handle that is now definitely destroyed, forget about it.
The formed double top was worse than expected: the second top was lower than the first top. This was the last chance Btc had to escape from the huge downtrend, but it failed.
The drop was then much more important that expected.
Btc reacted a lot to the downside from the yesterday Fud. It reacted too much. Investors are scared, they are leaving the boat, and the buy volumes are very low. It appears the majority of buyers lost their faith in Btc beeing a possibility to make them earn quick money. And they are waiting for the right time to eventually jump back in, they probably want Btc to be lower.
Btc is heading to the lower resistances and i'm affraid unless a miracle happens, it will head its way down to test its own life.
It is now blocked at the 9300 Usd support and is currently testing it.
We are assisting to a continuation of the bursting bubble pattern of Btc. Time to get amazed if it's the first time in your life that you assist in a bursting bubble in live.
Congratulations to you if you exited before with some profits, and i hope you did.
If we follow the logics of every burst bubble of our history, a capitulation sell-off could occur sooner or later, breaking resistances and forming lower lows.
The blue pattern i primitively drew is the eventual pattern the capitulation sell-off could ressemble.
Have a look at the cryptocurrencies market capitalization since 1 year, or its existence, and witness the bubble pattern we all just participated forming with our cash and greed since a few months.
Have a look at the Xrp graph since it exists and see what we did to this currency.
Don't stay in a denial state or you could hurt yourself more.
Then i see some people will come and say : "yes but Btc always corrected very fast, stop spreading FUD, it will go back to 15k and 20k soon, it is not a bubble".
Yes, and no.
Btc used to get up quickly after its previous bubble patterns as the market was extremely small in capitalization (it is still small), and it was only pure Crypto afficionados and true believers trading the market on the previous crashes.
Now, we approached the trillion Usd when the market was at its highest, and a lot of average Joes joined the boat hoping to make quick money.
This means these average Joes that joined in mass are now about to leave in mass, as they are not true Btc Hodlers and not true Crypto believers that were forming the majority of traders when the previous bubbles happened.
This bubble should then logically ressemble the typical bubble pattern that we all know, as it would be a better representation of the mass of every type of buyers about the leave the boat, compared to the previous bubbles Btc had known.
Of course i could be wrong.
We will have some opportunities to join back in, there are very high chances Btc will grow up again in a soon future, 3 months, 6 months, 1 or 2 years, noone knows.
Good luck to you.
Trade active:
Crash still active.
But we could have an interesting local bounce to trade partially when Btc hits around the 8000 Usd resistance.
If this resistance ends up breaking after the local bounce, another local bounce to trade could appear when Btc hits around its line of life.
Stay safe
But we could have an interesting local bounce to trade partially when Btc hits around the 8000 Usd resistance.
If this resistance ends up breaking after the local bounce, another local bounce to trade could appear when Btc hits around its line of life.
Stay safe
Trade active:
Trade active:
Might be a buy signal if you want to trade locally
Might be a buy signal if you want to trade locally
Trade active:
Trade active:
Too low buy volumes, buyers were exhausted.
We are increasing our chances heading towards the 8k as expected.
Remember, trading inside a crashing cryptocurrency market is extremely risky.
But we will have some more local bounces to exploit if new supports are reached.
We are increasing our chances heading towards the 8k as expected.
Remember, trading inside a crashing cryptocurrency market is extremely risky.
But we will have some more local bounces to exploit if new supports are reached.
Trade active:
We're getting closer to the 8.000 target.
Let us be patient to really enjoy the next local dip.
Or, or. We might form a local double bottom at the 8.400.
Let us be patient to really enjoy the next local dip.
Or, or. We might form a local double bottom at the 8.400.
Trade active:
Looks like we are having a local double bottom right now around 8500. The bounce is kind of solid. Wave trading possible.
Trade active:
Bounce at 8500 less solid than expected.
We had a quick good volume to stop the dip, but buyers don't follow.
It means the mass of people want to buy Btc under 8500 Usd.
We are really heading to 8.000 it seems.
Welcome to the Btc bubble burst in live.
We had a quick good volume to stop the dip, but buyers don't follow.
It means the mass of people want to buy Btc under 8500 Usd.
We are really heading to 8.000 it seems.
Welcome to the Btc bubble burst in live.
Trade active:
Still very high chances heading lower
Trade active:
Why this pump right now? I have absolutely no idea.
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Btc is trying to break through the main downtrend line
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Testing downtrend line
Trade active:
Btc seems having established some support on the downtrend line.
We might gonna have a small bull trap to the 10.300 usd.
Let's see.
Aren't Sundays normally calm on crypto trading, they said? Such a crazy day.
We might gonna have a small bull trap to the 10.300 usd.
Let's see.
Aren't Sundays normally calm on crypto trading, they said? Such a crazy day.
Trade active:
Trade active:
Let us see if Btc finds support at 9.000 or finds a triple bottom for some temporary local bounce waves to exploit.
Target is still 8.000 Usd, we are just having some small bulltraps, but if you are experienced there are waves to play with.
It is extremely risky though.
Nota Bene : Crypto market is very risky, a crashing crypto market is extremely risky to trade.
Be very careful if some traders feel bullish too much right now.
Stay safe.
Target is still 8.000 Usd, we are just having some small bulltraps, but if you are experienced there are waves to play with.
It is extremely risky though.
Nota Bene : Crypto market is very risky, a crashing crypto market is extremely risky to trade.
Be very careful if some traders feel bullish too much right now.
Stay safe.
Trade active:
Btc wants to pierce again the main downtrend.
Let's see if it can.
Let's see if it can.
Trade active:
Local resistance/local support.
Patterns are very unhealthy.
Let's see if it breaks from the top or bottom.
Patterns are very unhealthy.
Let's see if it breaks from the top or bottom.
Trade active:
Testing main downtrend
Trade active:
Btc clearly wants to form a reversal since the double bottom.
But bears are preventing it from doing it yet.
Nothing is clear yet, patterns are not tradable.
I feel blind so the best choice is waiting.
Let us see if Btc forms a Pin Bar
Btc clearly wants to form a reversal since the double bottom.
But bears are preventing it from doing it yet.
Nothing is clear yet, patterns are not tradable.
I feel blind so the best choice is waiting.
Let us see if Btc forms a Pin Bar
Trade active:
Trade active:
Heavy fight going on, bulls don't want to lose this blue supportive trend line.
This line is extremely important
This line is extremely important
Trade active:
Bulls are trying to form a reversal pattern (5 min candles), they absolutely need to keep Btc above this blue trend line support or Btc will dive some more.
They might make theire reversal, nobody knows.
I am not buying right now, because i don't want to support the bulls move to potentially set Btc higher, as my goal is to buy Btc at lower levels.
They might make theire reversal, nobody knows.
I am not buying right now, because i don't want to support the bulls move to potentially set Btc higher, as my goal is to buy Btc at lower levels.
Trade active:
It appears the reversal pattern is done.
Btc has still some room to make a small bull trap to the 10.300$.
Feel free to trade this, but use a stop loss as it is very risky.
Btc has still some room to make a small bull trap to the 10.300$.
Feel free to trade this, but use a stop loss as it is very risky.
Trade active:
Of course the minute i talk about the reversal, Btc decided to endenger it as spotted.
We might have not the reversal right now, but the temporary correct reversal should be very close to this area.
Of course the minute i talk about the reversal, Btc decided to endenger it as spotted.
We might have not the reversal right now, but the temporary correct reversal should be very close to this area.
Trade active:
We are getting closer and closer to our target of around 8.000 Usd
Trade closed: target reached:
8.000 Usd reached on Bitstamp.
Good work if you managed shorting it properly.
Let's see if we have our local bounce to why not form a small bull trap we are expecting for so long now.
Good work if you managed shorting it properly.
Let's see if we have our local bounce to why not form a small bull trap we are expecting for so long now.
Trade active:
Looks like the local bounce is starting...
Let us see where it goes to.
Let us see where it goes to.
Trade active:
All is very weak, bears bears bears. No sign of bulls yet.
Buyers are very shy right now, even below 8k.
It proves that an important part of buyers are waiting with cash and want Btc to go down and down for a rebuy, explaining the low market cap and lack of buyers right now.
But we will have the expected bounce soon... normally.
Buyers are very shy right now, even below 8k.
It proves that an important part of buyers are waiting with cash and want Btc to go down and down for a rebuy, explaining the low market cap and lack of buyers right now.
But we will have the expected bounce soon... normally.
Trade active:
The targets i announced last week when i posted this TA, were 8.000 and if 8.000 was broken, Btc would test its own line of life.
Bounce still expected around the 6.800 usd area, let us see.
Bounce still expected around the 6.800 usd area, let us see.
Trade active:
If the bounce around the 6.800 is too shy and it ends up breaking below 6.800, Btc will try to double bottom at around 5.800.
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Smma50 blocking bulls with a millimiter of accuracy is to be seen a a sign of weakness
Trade active:
Blocked again.
But the smma is pointing less towards the down direction, it is kind of redressing itself.
Btc could have some sligh local bullish momentum, it's possible
But the smma is pointing less towards the down direction, it is kind of redressing itself.
Btc could have some sligh local bullish momentum, it's possible
Trade active:
As thought, the possible bullish momentum happened.
I suspect we are in the phase of Fear of the Bubble Pattern.
Any type of slight negative news has a very important negative impact on the current patterns, as we just noticed right now with the small local important sell that occured.
I managed to buy some Ltc at 157, and sold at 167. Not the trade of the century, but still a trade...
It is very risky because random important sells happen at any time, stop losses are crucial right now if you buy the local dips.
The current bullish momentum might last some more, some hours, a day, but the next target direction is still to the downside.
I suspect we are in the phase of Fear of the Bubble Pattern.
Any type of slight negative news has a very important negative impact on the current patterns, as we just noticed right now with the small local important sell that occured.
I managed to buy some Ltc at 157, and sold at 167. Not the trade of the century, but still a trade...
It is very risky because random important sells happen at any time, stop losses are crucial right now if you buy the local dips.
The current bullish momentum might last some more, some hours, a day, but the next target direction is still to the downside.
Trade active:
Bears back to envelopping every bullish move.
Patterns are still very unhealthy.
Patterns are still very unhealthy.
Trade active:
Bullish divergence is still lasting since 14 hours ago.
The patterns look healthy right now.
If no fud on the news, there is definitely a possibility to raise some more, Ltc and Xrp are more bullish than Btc.
Ltc just had some positive news from a trading platform.
Xrp oversold and "undervalued" right now.
The patterns look healthy right now.
If no fud on the news, there is definitely a possibility to raise some more, Ltc and Xrp are more bullish than Btc.
Ltc just had some positive news from a trading platform.
Xrp oversold and "undervalued" right now.
Trade active:
Still bullish so far.
Tha pattern completely reversed its trend at around 9am Utc
Tha pattern completely reversed its trend at around 9am Utc
Trade active:
This is why the God of exchanges created Stop loss.
(Bittrex is removing 82 delisted token wallets from its platform).
This is why the God of exchanges created Stop loss.
(Bittrex is removing 82 delisted token wallets from its platform).
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Trade active:
Trade active:
Watch for repetitive price fall patterns, around 450$
Watch for repetitive price fall patterns, around 450$
Trade active:
Short thought as im outside drinking cocktails with friends : Btc is close to the 7.800, but we didnt see a double bottom formed yet.
If we don't form a double bottom, it would be an important sign of weakness
If we don't form a double bottom, it would be an important sign of weakness
Trade active:
Trade active:
Trade active:
Let us be careful.
Not a red warning, a bright orange one ;-)
Let us be careful.
Not a red warning, a bright orange one ;-)
Trade active:
is a possibility.
is a possibility.
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Smma blocking and rejecting. Bears are a bit stronger than yesterday and early on today.
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The blockade.
"Normally, when the asset locally insists more and more and more frequently in trying to break a resistance, it means it will be broken", they said at school.
It will probably be broken by the top. Lol.
"Normally, when the asset locally insists more and more and more frequently in trying to break a resistance, it means it will be broken", they said at school.
It will probably be broken by the top. Lol.
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Ok, the school teacher was maybe right :D
Now Btc is testing this Smma as a support.
Now Btc is testing this Smma as a support.
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To make the situation clear on what's going on right now
To make the situation clear on what's going on right now
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(Bts= Btc ... i'm tired.)
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