BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
this is the last dump and the last bearish wave in my opinion

this trade is simple .. btc broke a major trend and not retest it again

i expect btc will stay in this area 7400 - 7200 for few days then this wave will start to the last target 3500 $

Comment: this was the previous idea shared

Comment: ZOOM IN

Comment: btc hit our stop loss 9% and break the two trends with a big candle

we made 30% profit in last trade :) so do not be upset
btc dominace 47% now

next few days will be very important to know if this break fake or not

as we are now at 61% fibonacci

Comment: this is the most important area to decide which way btc will move

from 7800 to 7500 if this area broken btc will continue bleeding

Comment: btc stability above 7800$ give a chance for another wave to 8500$ to 9000$
and this will be perfect for all usdt market
u can trade with stop loss under 7800$

Comment: this trade still active !!! and maybe more dump will happen more than 3500$ target

do not trade against the trend !

Related Ideas

so now are you bullish or it's a bulltrap?
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BTC touched $8000 w/o meaningful retracement. It's a bad story for the future fallback.

It's very interesting if BTC could breakout the strongest resistence from 20k or it would fallback to 5k or even lower.
Anyway, this 8k news not that fruitful for me.
I hold not BTC but some Alt. That's why. Lol...
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So hen every body skin btc cuse of etf the price will go down if lAunches or not
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AbdallahDaif AbdallahDaif
@AbdallahDaif, only fter it start we will see price increse
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Lol by doing some research found out etf trading almost start at the market dip so even if etf is gonna launch soon the first day it launch es the price will rise like the lst futures shit nothing happend before it really took place
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This still hasn't been invalidated. We'll see what happens over the next couple days.
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What if the price not drop to 3500 after freezing our money ??
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I agree that there will be one more blood bath to come in the following months. "Price History ALWAYS Repeats Itself". And we are on the second to the last wave of bear timeline based on Price history of 2014-2015. If this Day candle 07/19/18 closes to Red, Prepare for a sudden doom. $3500 is the max equivalent of $200 year 2015 Bottom as per comparative computation of 2013-2015 VS 2017-2018. $200 ave bottom price before next skyrocket on 2015 Divide by $1,100 ave skyrocket price of 2013 EQUALS(=) .18 (Percentage of Bottom price of 2015) TIMES $19,000 ave skyrocket price of 2017 EQUALS(=) 3,454.54. Therefore $3,500.00 is Possible without fundamentals.
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rexmentula CryptoJMA
@CryptoJMA, I have no idea why people keep having an overly focus on the bear market in 2014-2015, while fully neglecting the other bubbles in the Bitcoin-history.

What happened before the bubble burst in late 2013 is equally important for analysis-purposes. If doing so, you'll find out that the price increase of Bitcoin before the bubble burst back then was much steeper than the rally we had before christmas last year. In addition, there were NO significant corrections during that steep price increase, making it hard for Bitcoin to find a support later on during the bear market. The 1st significant support was actually the bubble in early 2013 (about 160$) - which the price of Bitcoin eventually hit in january 2015.

By doing some research you'll find that Bitcoin has never hit the same price as a prior significant correction low during a later correction or bear market. This is Bitcoin's "DNA", and we must assume that previous behavior will repeat itself. The last significant correction low for Bitcoin was in september 2017 and the price was 3k. A 3k Bitcoin is therefore highly unlikely.
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