A "forever trend line" and wasted generation a "virtual reality" for BITSTAMP:BTCUSD by Victor.Y.F

Many traders are taking it for granted that Bitcoin ( all fancy crypto currencies too) shall rise forever. ( I use "reverse" because there will be an "revert" after this inflation cycle ends in the future)
Truth is boring. Denis.Y.Y

Comment:

Source: ("The FCA stated that ICOs are “very high-risk, SPECULATIVE investments")

Comment:

The 3rd. link is wrong, please ignore it.

Comment:

The Bitcoin china closes all trades before 30th. sep. 2017.
Now a bank run or a cash squeezing or a withdraw madness is showing...
I hope you guys are on the right side of the market.

Comment:

Source: It's too late... I hope my followers are happy.

Comment:

Source: wiki english (incase China ban the website in Chinese version)

In our history, the tulip mania is looked very likely the coin market but at least it's a kind of very beautiful flower for observation and very romantic. The coin? It may be ended pathetically.

Comment:

An harmonic top looks like a DXY top where has been formed from 2015 to 2017 but it's faster than the later one. Do you guys know that the coin miners in China? Is called "miner machine", a supper PC with a fast GPU. Chinese built massive arrays of these PCs for calculating some useless mathematical question to get one coin from the coin mine. Recently one miner machine PC is devaluated from 10,000 Yuan to 2,000 Yuan. Soon there'll be no miners any more.
The Bit coin trade is mainly used by Chinese to buy US dollar without legal foreign currency administration from the PBOC, now these days are over. It's illegal now in China. The ok coin users accounts have been hacked in BTW.
I assure you guys that the mania is over. Do I have ever given a shit on TV? Check out my analysis please.

Comment:

Bitcoin China is warning traders that there's NO withdraw permitted after the 30th. Oct. 2017.
Technically, the harmonic top B wave often has the same level with previous top or maybe some little higher, then the C wave should follow with an impulse which could be subdivided into a 5 wave.

Comment:

Some little higher just like updated yesterday. The B wave blowing the top or an ending diagnal in wave 5.
This behavior is proving itself a typical speculation but not an investment.
I see something the same in China market like Maotai is over 550 Yuan per share, and it's a beverage stock without any "value". The beverage price is controlled by those agents with a distribution net work where has been formed a "monopoly". Just like a sort of collection market which is manipulated by the producer.
Very old tricks, now playing as the face of an "high technology".
Truth is boring. - Denis.Y.Y

Comment:

The BTCCNY may explain the 50% has been touched and bounce off from B wave. Look at the trading volume, it's fading... a very dangerous market. Even if you are good at the BTC market before in 2015-2017 doesn't mean you can analysis it right. Because you're assuming it's bull, which is saying an emotional bias you may have never noticed it until the collapsing...

Comment:

key levels to watch 5850 triangle target, 6048 entire cycle truncation...

Comment:

Let's call it again... naughty one, very naughty, gonna get an administration soon.

Comment:

Source:

Professional investors shouldn't trade Bitcoin in his job, if you trade it as a speculator, then it has some fun to play.

Comment:

Technically speaking, I can see you guys are labeling it 5 waves with EW impulse, but for me it never has a 5 wave.
In fact, nowadays 5 wave impulse is rare in our markets because of programs and machines are changing the human patterns.

Comment:

I have spent some time on bitcoin fundamental clues.
Source:

My points here:
1, We now have 17,000,000 coins and the price is 6,000 US dollar per coin, then the coin market has an huge capital flow where is endangering US dollar stable if it's gonna squeeze out, or saying a liquidation, or saying profits taking, bank run...This market soon will be too big to fall. Crazy...
2, The mining is a calculation of the prime number which is using to crypt and decrypt the military class information. We don't know how they have been used, Its purpose is very suspicious.
3, Pay attention to gold/bit and gold: (bit/dollar)*(gold/bit) = gold/dollar.
Watching out, this bitcoin squeezing (yes, I'm sure about it) will make gold move but be careful here, we still have negative interests in Euro, a result may surprise the market. If traders buy gold with Euro will lead to the price moving negative.
4, In China, people are using electric wallet (good for women safe, right?) but it's based on bank system, it's like PayPal. I would never like to see a virtual money which is going crazy in this bitcoin mania (good for drug dealers and criminal, no administration right?)

Comment:

The bitcoin gold will be released on 29th. Oct. 2017. This is good for US dollar's stable because of a squeezing into the currency will be less, capital flow will flow into gold related market directly. Problems solved.
This is an huge opportunity for hedging.

Comment:

BTGUSD has been released, now it’s trading at 115. Good for hedging.

Comment:

Good to call it again.

Comment:

In case of an hedging trade the bitcoin dollar stop loss has been triggered and the bit gold profits is going well now. The btcusd should’ve been topped at 7888 around the PRZ where we predicted before.

Comment:

Source: ( Traders should’ve seen that our technical analysis is always before the news happening. The market is one of the most amazing thing among our human creations, sometimes it’s even better than the industry and invocation, from my point of view)

Comment:

Finally... entire cycle is completed now. Meanwhile China Maotai is topping around 800 Yuan/share ( yet to top), they’re the same bubble from the beginning.

Comment:

Very interesting to see the BTGUSD is back to 160 and BTCUSD is back to 8000 zone, hedging moment again. Also a news of the CME’s bitcoin future plan is suggesting that the institutional investors are gonna come to sink the market. Bears are coming, pigs aren’t getting ready.

Comment:

Seen huge hedging money ( one million dollars) is playing in this market aroud 8200, be careful now, the scalper’s way where you’re going like before, it is wrong. We’re having a blowup topping.

Comment:

Seen many speculator sentiment recently. Virtual assets will be squeezed soon by the huge hike from FRB on Dec. 2017. We have warned traders before the stocks falling too.
Please remember the whole trend is down.
Professional traders don't trade coins.

Comment:

Squeezing has begun, as predicted before, a 20000 to 10000 is the 50% capitulation. Stocks will be following soon, after the peaceful Christmas maybe after Tax reform signs.

Comment:

We're warning naive scalpers again and again. Hope you guys can do it right...
We've seen a news about China authority will strike down the cheap electric power stations where're providing the mostly hashpower computing in the world.
Professional traders don't trade coin.

Comment:

BTCUSD and LESHI INTERNET INF (SZSE:300104, Shenzhen stock exchange, China)

Comment:

Traders should sell all bitcoins above 12000 and should get away from it.

Comment:

Source: ESMA

Sorry, wasn't me...

Comment:

Taking the last breath before the fallen...

Comment:

Abysmal...

Comment:

It is surprising that when coins are lying on the edge of cliffs, at this moment, on the neck line, there’re still so many traders look for holding it.
This thing doesn’t count as an asset at all. It has a collection value, just an amusement for people’s imaginations. History is abandoning it just like the off track China.

Comment:

It's shocking that on TV, there're still so many traders looking at the coins,after a such big crashing......
Professional traders shouldn't have looked at it.

Comment:

Last chance to leave the dream coins, sell all of them, before it’s too late. Trend line on log scale is gonna breakdown.

Comment:

Told ya right? BOE seriously warned traders several days ago.

Comment:

This may drop into a price in 2 digits, 10-99 dollar.
Case closure.