MrRenev

Crypto spam box 4. The fall is going to be so brutal...

Short
MrRenev Updated   
BITFINEX:BTCUSD   Bitcoin
There's nothing new happening so I might as well leave my ideas alone. If I want to post something I'll post it here.
These days are prety boring, but it can't last much longer. I'll post my day trades on the way down here.
It's now clear that it's near impossible we go up, except a bull trap.
"This time it's different" the thing is every time it's different.

We know 2 things:
1- Crashes are preceeded by periods of extremely low volatility (after a bull run / bubble is even worse)
2- Historically the lower the volatility (looking at the "fear index" or VIX - TV doesn't have that natively but maybe someone made a script for it didn't check) the more violent the crash is. I could try explaining this by saying that since every one is waiting on the line waiting to trade based on the direction followed, and no one is actually in a trade ALL that cash waiting on the side will pour in once we go in a direction. And when the public sees this they'll sell making the snowball bigger. What would an average person do if they see BTC plunge 100$ in 5 seconds, then again then again then again and it never stops?

Better set some orders in advance if you got to take a train or plane, but going to be so risky lol.

It's going to be soooo brutal. I've been saying for a month this was coming and the bulls will learn a harsh lesson, we already dropped from 9000+ to 6000+ but they haven't been humbled yet, the most painful is to come. And it will be painful. They will be anger and excuses, they'll find people to blame, such as the exchanges for not letting them log in.

Some people are going to have big regrets... They had more than enough warnings and time to cash out. Their own fault. Their greed.

Maybe capitulation won't have to wait July? That would be great I suppose.

Seding some XBT to Bitmex now to have it ready ... could go very fast...

+++ I have no idea what I'm doing +++
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If we crash now I'm going to smash my keyboard...
I am blessed by god he gave my a great mind but holy shit the bad luck.
My whole life... unbelievable extreme bad luck.

WOW
WOW
OWWW


AND YOU WONDER WHY I AM MAD AT FKING RETARDS THAT GET LUCKY?

I HAVE BEEN CALLIGN ACRASH FOR A MONTH I SPENT 10 DAYS DYING OF BOREDOM AND WHEN I WANT TO BUY SOME WITHIN THE LOW VOLATILITYU HASNT MOVE FOR 50 HOURS IT JUST INSTANTLY PLUNGES 100$

YOU CAN'T MAKE THIS SHIT UP!
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No worries if BTC doesn't move for another 5 days I'll close my shorts and go long, it will then instantly crash to 4500$ ;)

At some point all the moving averages and lines are going to connect and BTC will have to go a direction or another...
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I am still amazed at how similar the chart looks comparing now to 2 months ago.

So we're in the last phase now, we might go touch MA20? I don't know how long this pahse will be, but if we are to go down as we're supposed to, there won't be another boring move, this is the last one!

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Still comparing 2 pre-crashes. This time just as last time we're in a daily inside candle, last time it broke bullish before crashing, not sure this time it happens too.

Zooming in we can compare the 4HR insde bars.

Feel like it's soon over CRASH IMMINENT
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To the mooon!
Hope it doesn't just stop there. Waited long enough -.-
Gogo daily MA20.
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I seem to see so many people that think the price will go up. THEN MAKE IT GO UP.
Daily MA20 the lowest good short entry is still so far away, but not that far 400$ can the bulls at least pull this off so we can dump on them? Geez.

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Happy anniversary bulls! Been 1 month :D

LET'S DO THIS!
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Should go 7300 right? been going the same so far... Why not...?

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Many people seem to care alot about how many longs or shorts are on finex.
To me this gives absolutely no indication of anything. Why would I care what garbage traders are doing lol?

Comparing longs to BTC price shows they'd be better off just throwin a dice.
It's neither correlated nor inversly correlated.
OK you might see when people fomo or panic close thought, right before the price goes their way lol. That's it. Like they were actually right pretty often it went their way but after they get stopped LOL.

So ye, I think all the fomo shorters will get closed and AFTER they get rekt, the price will go their way lol. Still same idea I had for days and wait and wait and wait.
Not sure we go up there before going down but certainly sure we'll end up going down. Not gonna just resume an uptrend before all the baggies have released the supply.
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Bitcoin best month so far.
How exciting!

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Fun fact to pass the time:
It takes 6 months revenue from any of the top 5 oil corporations to equal crypto's total market cap.
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"The market rewards the patient ones" bla bla bla.
What if you're not patient but wait anyway, and meanwhile you totally lose your mind? :D
How did the crypto addicted survive back in january? Oh right everyone was trading alts they had insane moves.
Nothing now expect a few pumps and dumps and EOS... nothing predictable...

It's actually only been 10 days. The volatility is really super low in comparison thought. The biggest move in the April triangle is still smaller than the smallest move in the january one. Dayum.
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The doom triangles of bore won't go away!
Is this just going to end like a flat line?


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Brb going to throw a coin and decide if support is going to be pink or blue line.

Ok I choose! the blue one is much better.
We dropped from red trendline to something less crazy, but still pretty crazy, maybe we form a new one next. Brb predicting the future.

Bitcoin getting a new more sustainable trendline you heard it here first.
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(This is just for fun)

Bubble to 100k in 3-4 years? :)
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Hope this is it...
The more money you make the more bored you get so the more money you need to be entertained. FML.
Just looking at charts all day idk what else to do now XD

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Please tell me this is it. I'll go sleep in a few hours, when I wake up I want Bitcoin to be close to 6600 okay?!
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Hidden bullish divergence

gogo bull trap just do something
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Ok I'm inventing it today, the Mr Poro class bearish divergence. Wait no what's that name. I need a cool name. Mantheon's hidden bearish divergence.

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Day is closed!

I'm seeing hidden bearish divergence (signaling downtrend continuation) but idk maybe i'm doing this wrong lol.
Maybe we just sleep for a whole month before moving.
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This is it we entered the "reKt bears you were wrong to the moon" phase.
"Alts are getting pumped proof we go up now I knew it"
"EOS up so much u mad u missed the train?"


These fking strugglers... They fail all the time and keep opening their mouths, and when you tell them you're not a sucker that loses all the time like them "sure sure, that's no possible oh so you're a magician". And you wonder how some people managed to convince plebs they had magical powers and were sent from god...

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Well finally! All it took was for me to go far from a pc for 2 hours with no way to trade after 5 days of access to one. Went up the minute I was away.

Levels havent really changed. We can open shorts near ma20 ma50 or the downtrend.

Compare to other pumps. Now, looking at the bottom shorters can help too usdtshorts, they were at 40k parabolic, they all got squezed yet?

I have a short order on 7699 lets see if it gets filled when I get home.
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I want to move my order up...
Wanted this to move and I got it to move by stopping to watch it, pretty awesome that I can use my bad luck to my advantage.
8000-9000 or whatever I think is the top, not sure not near pc :D
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Ma50 at downtrend 8500.
Evil plan 1 still alive rofl I cant believe it.
8500 now thought not 9500.

Look at 2018 2014-2015 comparison we had same bull trap. Simply amazing.
Almost as amazing as it happening the minute I leave home after being stuck to a pc for 5 days till my neck breaks.
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Sorry no update for now.
Windows update (which I keep deactivating disabling killing) is running :D
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Back! Just look at htis if you have doubts (no I'm not saying use this as your primary source of analysis). It lights up when you clic on play :D
www.tradingview.com/...he-power-of-history/
Braindamaged bulls - once again - are celebrating. Will this be the 1% of the time when they get lucky? Or they get scammed ONCE AGAIN as 99% of the time?

If you shorted at 8000, nice, but we could get a juicier entry at 8500-9000.

Going to revive my evil plan if we get close to 8500. XD
Look for bearish divergences too, I haven't done yet.

The facts are we're running into some heavy ass resistances while being overbought. Refer to my safe trade in feb, one of my first idea. Same concept.

Anyway, just for fun, here's something I think is possible to explain the pump:

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OMG NOOO IF I HAD A SHORT ORDER AT 8500 PREVENTIVLY I WOULD HAVE INSTANTLY MADE 1 GRAN ON KRAKEN. I FORGOT HOW STUPID THIS EXCHANGE WAS. NOOOOO.


Ok I had cancelled my order at 7699. Still only shorting small from 6950.
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LOOOOL

Longs same stuff, they locked in profit.

Pretty sure the shorts being stop lossed doesn't have much effect on the price.
Maybe give it a little 150$ boost.
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Maybe maybe maybe go back to MA20 test it as support then off we go to MA50.
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Another pump? I won't miss it this time? Grrrr
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50 billion usd poured into crypto since this weekend.
@TV crypto market cap on trading view when? (If it's not already there & I missed it)
coinmarketcap.com/charts/
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Soros with his 8 billion fortune going to pump bitcoin to 25k thought rite?
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Getting a little bit of hidden bullish divergence, good stuff.
Let's dump on the bulls 8450+
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Yes there are lots and lots of people that fomo and when they see green spikes, when they see the price go up really fast they'll get excited and FOMO will push the price up.

And they are but very few people that know what they are doing and don't get emotional.

We are outnumbered 100 to 1.

But the 1% have 5 million usd accounts, the 100 have 5 gran portfolios and plenty of wishes and dreams. :)

Spartaaaaa 300 versus the army of persia... wait bad example.
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It's funny how you can look at the past weeks and see how traders are buying high & selling low and on average people rather buy high sell low than risk missing out.
And they often close at a loss, but the herd of traders doesn't always lose.
And they're actually often right, but close their position before it goes their way because they FOMO and buy at the top rather than wait & buy on retrace XD

The average investor doesn't open a position on finex, so these are the traders which are supposed to be at least decent.

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Eyez on the prize. Still think going long now is playing with fire.
8500-9000 would be a magnificent bull trap worthy of 2014-2015 one.

Educational - my view on who's involved in crypto:

Groups of people buying/selling crypto's:

1- Investors
2- Traders
3- I don't even know how to call them. Public with no plan that want to get rich quick sometimes sell instant sometimes wait 6 months.
4- Users. People that buy stuff with crypto, merchants that accept it etc. Just kidding no one actually uses this stuff. Terrorists & criminals perhaps?


1 can be divided in:
A/ Average public. I think most of the public falls in this category, they don't want to be buying selling and analysing stuff all the time. Our bread and butter. thanks for the money.
B/ Pro/experienced investors. Soros maybe, people like this. Wall street. Whatever.
C/ Old time Hodlers. Not sure many are left. Either pretty bad, but got lucky, and delusional. Or good and already sold, looking to buy low or just taking advantage of his/her gains.

2 can be divided in:
A/ The pro's.
B/ Retail traders
C/ Old time HODLERS that "openly" manipulate the price...

2-B/ Can be divided into: The emotional people that can't see clearly and buy high sell low. The one's that care about fact and aren't braindamaged.
Just looking at authors (TV, twitter, w/e) that focus only on short term here & number of views you got decent people with 1k followers and clowns with 25k so... Many more bad traders than good ones. Imo.

3- The filth, the low of the low. Their numbers dwindle when the lottery gets a big prize/ special event (not a joke, there's even papers about that, as in science papers).

4- Yee no one cares about crypto, they're only looking to make money.

+ All the pump and dump groups.
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Could look at any chart of a bubble or part of a bubble, and see bull traps and not see the price go up before the public capitulated.

Suggestions in comments or PM welcome.
Here's Amazon:
Each time we broke a downtrend there was a bulltrap.
Bitcoin gets bulltraps without even doing that, just on random pumps...
Lmao you can tell there's not many pro's involved.
The more pro's come, the more BS scams they'll be, the more money for me!

Zooming in:


I'm looking for examples, that are on trading view, don't have much in mind outside of the dot com bubble...
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Trying to figure out when 1HR RSI got that high but that vfsdv ijcd uijcds ijcsd uijbcsd windows update WHICH I DID NOT WANT making me lag hard...
So it'll have to wait. I'm betting we get this during bull traps only. Not during rallies.
Back in a few...
Going to uninstall this trash and disable it once again... Like a cockroach that keeps coming back... I DONT WANT YOUR SHIT UPDATES STOPPPPP
I AM ALREADY FORCED TO USE YOUR TRASH OS BECAUSE YOU HAVE A MONOPOLY DONT FORCE ME TO INSTALL YOUR FILTHY MICROSOFT EDGE UPDATE.
I'll be so happy when they fall.

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The best investissment you can make is in your education.

I can not recommend enough Twitter & TradignView paid courses.
To be a good trader you have to know how to learn how to lose when you are wrong.

And they have years of solid experience in being wrong and losing.
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Let me take you to a magical place where arguments disappear when they don't go your way. Or if you're a master wizard the same argument can be used to defend an opposite point of view.

3 days ago "The majority can't be right. There's too many shorts. This all means we go up"
Today "We go up the majority is bullish we pumped so much the signs are all there this is a clear rally"

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I got a spike in likes and followers on twitter when I posted this troll chart saying we go up o.0

I don't want to ruin my TV reputation, I wish they let me make a second troll account so I can post more crap like this and get 1000's of followers
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Ok I'm going to go out for ~2 hours, so we're probably going to get a big move on BTC soon.
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FINALLY! The ripple holders are out of hiding :'D
They're already celebrating LOL.
I am pissing myself looking at trading view chat...do ...I ... dare.... go... to /r ?
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Isn't called the spam box for nothing!
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Thinking...thinking...
www.reddit.com/r/Cry...nsferred_to_binance/

I have some magic that indicated wherether we are, we will start going down in 10 to 20 hours. Maybe we'll lose 8000, or we lose it now go up 8600 and then lose 8100.
In 10 to 20 hours, a magical spirit told me so.
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Not expecting the fall to take as long as infamous 2014, people "know" BTC always goes up but they also "know" it always goes down.
Fingers crossed tomorrow we get another red day maybe even a big dump.
When we'll reachthe bottom we'll spend a while there, if we ever recover, but I want to get there fast so I can take everything I can and then go trade something else.
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If we follow the H&S fractal to completion it will take no more than a day.
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4HR IB broker bearish. Tell me this is it, pretty boring to wait, I was told this video game was exciting.
15 min is so oversold, at 15! Expecting some bounce, but then again I know this is a bull trap and crypto is super weak and on the verge of riiiperino.
And verge got added to pornhub! Excellent move by them. They won't feel like they lose money as much if they take a premium there.
Did you know Pornhub got a spike in traffic when Hawaii had a missile threat?
They learned. Using people fear to make money... Dirty ****
www.dailymail.co.uk/...-missile-threat.html
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Brb in a few days :D
WHo knows maybe we don't spend A WHOLE WEEK around the same area before someone panics first and it snowballs into a herd movement.

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We stopped short of the MA50, again, we used to go all the way to resistance and even above... This means buying support is not strong enough anymore to push the price up to where the bagholders can break even.
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Works 90% of the time, everytime.


Let's not spend 5 days sitting in that useless area, daddy is bored of his S9+ he needs a new toy come on.
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I think there might be something going on with that price. Not sure.
lul

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Possibly.

Maybe, not sure.

Like flies on you know what. Keep trying little guys we're going to 100k and no one's getting hurt!
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Should move in less than 24 hours.
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Hidden bearish div now if I'm not mistaken.
No point going up now my short orders got filled already, no need to buy,
let's just reject top line once and for all and jump off the cliff.

I got so many memes waiting...
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And another bullish break fakeout...

This market hard sucks as long as we stay between the 50 MA's.
Traders moved to something else and are waiting, the investors are waiting to see if we lose the support zone or not, the baggies are praying we don't fall and they can break even when we go up...

Only thing to do other than trading something else is education and/or trolling crypto enthusiasts.

Market is decided by these ridiculous bart simpsons & these 5 minutes spiky candlesticks. It's a gamble guessing what the whales want to do... Pump it till 9k+ so liquidity comes back and they can sell big amounts without moving the price?
Ooor? wtf?

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Bored whales started drawing a Lisa? XD
TFW you're rich and bored & got lots of money you didn't really earn.

I wonder if they want to crash the price now so we keep looking like 2014...
So far has been hapening like this...+alt run...They wouldn't go against the best scenario right? :{

I just don't want to wait anymore.
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Imagine a Bart simpson on the dialy o.0


Weekly and daily indicators are now perfectly normal, crypto market has never been so pointless.
Run away! Trade smthing else till it does something lol
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These delusional bulls...
Would have scaled in Amazon bough almost at bottom target buy was buy under 1365 and the bottom was at 1353. Already at 1555 now and probably going higher I could have sold on the way up.
Instead stuck in a highly manipulated meme market ponzi full of mental victims that are going to get hit so hard but "that's what they said last time if we just bagHODL we'll all turn a 1000 into 1 million without taking any risk or doing any work that's how magical internet money works".
They just hold and hold and hold onto their bags. Every fking time.
Looking for the biggest loss possible.


We nearly spent a week in a range of 600$

The other traders, just like me, they came to a market full of bonzo's to make easy quick money's by robbing all these morons, but now it's being counterproductive and I'm missing opportunities I ain't rich enough yet to have money split every where.

They're just going to be tired and leave, the last ones still in this market buying, and who's the bagHODLers going to sell to on the way down? :)
Get fucked morons.

NOTHING is free in life.
Only way to get money:
- Get inheritance
- Work
- Take risks

After we bounce 4500 which we should I'm going to leave minimal money in this meme market and trade with margin on shitmex/kraken. HODL HODL HODL will make this last AGES. Not going to spend all 2018 waiting waiting waiting.
Trade active:
Oh ye I'm long on Bitmex shorter term.
I don't expect us to go super high just because we went above the downtrend.
The reasons for that are:
- We went past it on the first try like it was nothing, so it's not that relevant.
- We haven't retraced and we're so overbought.
- We're below some hardcore resistances half of Korea are normy bagholder and they're losing their minds they don't care about the money anymore they just want to break even or npot lose too much and forget about all this.
- Whales that pumped at 6700 will want to sell into strength when every one is bullish and buyign like sheep, and if they wanted to accumulate (I don't htink it'll happen this high but rather under 5k), they'd want BTC to stay in the 6-11.7k range anyway. So in both bull and bear long term scenarios we shouldn't go too high.
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Still long...Still short too. And hodling a losing short also (I closed the most dangerous part of that losing position).

My long term short is at a loss I shouldn't have FOMO'ed shorted at the bottom (and said so!) rofl but whatever. I took a loss and holding some @ 8400. I'll close when we retrace a decent amount.
If we never retrace go to 11k warrior fomo mode well even better, I can short a large amount and make sure I win.
Oh and btw I'm far from giving up all the profit I made on my last trade ;)

I'm using my long on Bitmex to short BTC short term.
It goes up I short it it goes down I'll long it.
I was prepared for a 20% move up easy on a close above the log trendline we're at ~14% now. Maybe we go 9500, maybe 11kish, but if I had longed on a close above the downtrend and not used it to day trade I would take profit now.

Going to focus more on trading smaller moves now anyway & if I open medium to big positions only at bottoms and tops when daily rsi is out of the 30-70 range.
8500 was "only" 30% above the bottom and 55-60 daily rsi so I would not swing trade this if I had to do it again, only day trade on bitmex and take profit after MA50 is rejected once (it dropped 7.5%).

Anyway, find the plan that works for you ;) Good luck.

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Wtf happened on Bitfinex rofl?
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How I would have traded it if I was 100% focussed.


Next time...

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