SamHuynh
Long

BTC-USD the only destination

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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when btc pumped at 20k and back down to 11k-17k, lot of pros were calling 30k and more.
Were they right ? you have already known it
Now, when btc is near 6k range, lot of people are waiting for 5k, 4k because they think capitulation hasn't come yet. Will they be right again this time ?

the truth is "majority can't win in this market"

Some hints for breaking up instead of going down:
- 4th quarter has proven to be bullish months for bitcoin
- upcoming big event for bitcoin on November "Bakk".
- lot of big events of altcoins in October

you are welcome to dream big at 5k, 4k and be ready to buy expensive. We all know the advise " buy the blood, sell on the pump " but actually majority do oppositely


NOTE: If bitcoin 's price drop below 6k, consider this post is invalid. However, with only 530$ loss (currently price is 6530$), you can get a bigger gain. I don't see any reason for not taking this trade at all.

you can say that I will wait for breaking up before buying. Unfortunately, this market is cruel, if the break up happens, it will shoot 1k$ up because we are in a very big consolidation triangle range for a very long time now. So don't expect the market to wait to let u jump in



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Comment: More facts:
- more exchanges pop up
- poloniex has constantly been adding new coins
- coinbase has started making it easier to add new coins

yeah, they are doing it because they think bear will win :). LOL
Comment: ltc, BCH have started breaking out of their bearish patterns

alt-coin marketcap chart has hold support well and are starting to make new higher high.

Comment: markets have shown a lot of hints for breaking up instead of going down.
Comment: ouch ouch. First step for the BULL.
One resistance is clear
Comment: Amend :)
Comment: I really feel sorry for shorters :). they are deserved their accounts to be liquidated :)
Comment: This is what happens to bearish guys:
few weeks ago, we will reach 3k-5k
Last week, no way to reach 7k, we will go to 5.7k before going up

right now, what the heck is going on? why don't we drop
I wonder what happened here, options expiry ? possibly these crooked exchanges liquidating shorts.
Reply
SamHuynh Larrycrypto
@Larrycrypto, it is because of Tether's FUD when bitfinex announced that they halted "withdraw/deposit for 1 week". So people are scaring bitfinex and tether are going to collapse. This issue has happened in 2017. I only think this is a manipulation game to create the force to break up . This week bitfinex should announce everything to be back normally again
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Larrycrypto SamHuynh
@SamHuynh, I would have thought a selloff / opposite affect ? strange but keep it going I say.
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Larrycrypto SamHuynh
@SamHuynh, Actually i wonder if thats what they are doing, liquidate and then selloff the market.
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Larrycrypto SamHuynh
@SamHuynh, I see what you mean now, interesting, just read about it, Bitfinex trading at a premium.
Reply
Thanks for such a good analysis. Check out our long-term analysis of BTC. We assume 10% of gold, coins and banknotes will flood into crypto. This would have a massive influence on the price. $1,65 trillion into crypto and 50% of then into BTC. Are you curious? Here are more details.
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I agree, this space is going to explode upwards but any bear market or movement has a short sharp "V" capitulation, we have not seen that yet. I want this to be over to but I have a feeling they are setting us up and will pull the rug out again.
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SamHuynh Larrycrypto
@Larrycrypto, that's possible too. Any dips on bitcoin will be a buy now because of upcoming November event.
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SamHuynh SamHuynh
another possible scene is that we will start going up. Then we will have big shake out around end of the year. right now November is too near, it doesn't make sense to dump big now because people are waiting to buy bottom for the event.
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