Bitcoin Irrational Top, take profit Short

Description

⋅ Oct 13, 2017 12:22 PM

Hi All!

Today we take profit on Bitcoin at 5.8k. Bomba!

What we are witnessing currently is classic 1.618 fib extension of an institutional top of 5k. This one is exit pump.

FA:

"You should not expect BTC Bull market to end in a rational fashion." MarcelV on Twitter
By far the steepest candle, ever, 1K in a day.
Wait until ponzi schemes are destroyed, fake ICOs dismantled and regulatory frameworks set.
Look for new disrupting technologies, forget about old Litecoin. Try dual-blockchain coins. See my Halloween Portfolio analysis.

Join Us Now at Goblin Town! t.co/95O5dQk9FB

Happy trading! ;)

Comment

⋅ Oct 13, 2017 1:09 PM

"Party is over." -OKEX
prntscr.com/gwxwjl

;)

Trade active

⋅ Oct 13, 2017 2:53 PM

ANCIENT METHOD:

Put profits in VRM

Trade active

⋅ Oct 18, 2017 8:03 AM

Hi All!

Today we took 125% profit! prnt.sc/gytmgf

Possible bounce on 4h Kumo support and spend some time ranging in the 5.2k - 5.6k range, filling in Volume Profile gap.

Send me a Private Message to join GOBLIN TOWN!

Trade active

⋅ Oct 19, 2017 5:57 AM

Bitcoin follows our plan

Happy trading! ;)

Trade closed: target reached

⋅ Oct 20, 2017 5:17 PM

Nice profit on LONG from 5.1k - 5.2k (even though I got stopped out at $5090, but that's me).

Now we are running into massive resistance, the orange trendline.

1.618 Fib ext hit
Bubble extension irrationality
Bears homeless
Bulls need take profit, sucked dry all alts
Now selling into strength at 6k+?

BUY BREAKOUT 6.3k OR STAY FLAT

twitter.com/speracado/status/921408092738383872

Happy trading! ;)

Trade active

⋅ Oct 23, 2017 8:27 PM

Everything went as expected. Goblins longed around 5.6k, now I am closing at 5.9k / 6k finex... SMART MONEY SELLS INTO STRENGTH.

Load up your shorts here and expect downward spiral to commence very soon as Bitcoin Gold split will occur in less than 24 hours and it is a bearish event.

Happy trading! ;)

Comment

⋅ Oct 23, 2017 9:31 PM

Fundamentally too, we should go down.

twitter.com/marcelv3612/status/922574920428740608

BitMEX now allowed last withdrawal (in 30 mins) before the snapshot happens.

Expect downtrend very soon and look at our "Reload zone soft".

Happy trading! ;)

Trade closed: target reached

⋅ Oct 24, 2017 1:02 AM

That was a great $400 profit for one evening, wasn't it? Thanks all Goblins!

Comments

CryptoFortune

⋅ Oct 23, 2017 8:29 PM

Well done.

DIYIrrigation

⋅ Oct 13, 2017 12:48 PM

@MarcelV, thanks for your posting Marcel. Always interested in reading them. I believe the top may explode even higher after yes or no a pullback. But you never now where it will end. Might go to 7, 8 or 9k and end with a boom. Money management and good (trailing) stop losses are essential. Keep em coming.