FUNTRADER-Vera
Short

BTC: panic could spread faster than you thought

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Traders,

We dont actually trade BTC             , but it has the vast fluxility
that is the best tool to analysis humanity.
I know been a while that people yelling for 20,000 for one
signal btc             , including me.

But check this chart, you will see some exhaustion here
with triple RSI DIV             on the top .
One -two- support are still stand beyond the red trend
line.

14000 around for the third support if price drop down to
break the red line. 12000 for next new support by hitting
the long-term purple trend line .
Those supports, each one is lower and lower than last
one, meaning bubble bursting, people who are holding btc             ,
esp             those bought at a price above 10000, are trying to sell
it for profit , with panic.

And the panic spread quickly if price drop down 90 degree.
Please keep your account safe to have a wonderful Xmas!

Less is more!
Comment:
Comment:
Comment: Just a chart on daily with pure some bear sign candlesticks on it.
Simple and easy to read.
Comment:
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thanks Vera. Good advice :)
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Why is nobody on here talking about Tether & Bitfinex? All these charts are useless if this is true. https://seekingalpha.com/article/4131159-regulators-must-investigate-bitcoin-tether
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Hi Vera, I'm with you here. Based on diverging slopes of RSI and MACD. Huge bull trap. I think it falls to 14k-15k before another runup next week with CME futures intro. Keeping it simple and taking bird's eye view.
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@josephtse, thank you for sharing your idea here.
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Love it, thinking outside of the box. Thanks suspiciously attractive lady!

I'd never 'short BTC' I'm probably even going to hold my current bag, but I am jumping on alts hard with the current run and if that BTC downward trend continues even to 12-13k I'll be happy as Larry! Will buy up big. As a fun side note, as ETH does it's thing (which it is now) I kinda agree I don't see a spike in BTC happening at the same time.

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+1 Reply
Follow the trend - don't fight the trend - or you will lose all the time - adapt and change and don't plan long term with crypto's if u r a day trader.
$12K will be the bottom - then it will bounce to $25K
Thats just the way BTC is - u cant change that - no one can,
+2 Reply
georgitsanev iwalkonwater
@iwalkonwater, Well explained!! Thank you
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iwalkonwater georgitsanev
@georgitsanev, Here are some good tips and watch his videos if u r a nube - watch videos on counting waves and laddering sell and buying -
https://twitter.com/Haejin_Crypto
+1 Reply
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