There is a " missing peace on right side of the picture in a value over 6000 dollars in one instance.
That peace will be closed regardless if someone opposes or not.
Many will lose, but only the one who are buying Bitcoin and stories about bullish Bitcoin.
Bitcoin is not bullish, it is bearish, but pushed by the blue guys and it will eventually end up falling dragging everyone and everything.
Don't participate in the hype, because it will be corrected.
All stories about either Litecoin or Ethereum Classic and so on and so on will be decreased big time, despite having fork with airdrop.
Fall is IMMINENT and it WILL HAPPEND.
Don't fall with Bitcoin.
Super mega bullish altcoins regaining value as writing this article could very fast be cut off on the half of uptrend as Bitcoin ends up failing to breach 9500 and having reversal to 7850 value.
Will that level be able to compensate having in mind Bitcoin is artificially pushed? Therefore slingshot effect steps in and takes his place in price reversal increasing momentum.
I don't think it will hold, price could go easily to 5500 level which will be retested heavily (so it won't act stable).
We won't have "big rebounce" because that level of support is already "partly damaged".
What i want to say is " TRADE VERY VERY CAREFULLY UNDER THESE CIRCUMSTANCIES" or don't trade at all untill we don't experience dip when Bitcoin will retest " lows"
Don't get tricked by market makers or incompetent persons aiming for non realistic values. When everything is " ideal" anyone could be analyst. But in these extreme conditions, we will see how many are up to the task. Thank you for reading and pay attention as situation developes
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While Bitcoin is getting pushed and people obviously still believe in bullish Bitcoin, despite fact it broke 9500 level of resistance and can go to 10,500 level or EVEN 11,700 level, this Bitcoin price is UNHEALTHY and has no neither mathematical, nor economical grounds for an uptrend on the half of downtrend wave, which is nothing but the PUMP.
This situation appears to be false/positive, also know as HUGE BULL TRAP happending in front of our eyes, while people are still in denial.
Judging by analysis it could be double bull trap, same as the one while attempt of breaking 13,500 three weeks ago. The difference is that is "happending on lower levels" and nothing else. I would not suggest anyone to trade under these very suspicious circumstances. USD/USDT only. IF you decide to trade, use a stop loss (it's a must), but i would not advise any kind of trade. While doing so, you are doing it at your own risk. Bitcoin is bullish on short them, but bearish in general and it WILL SINK DEEPER. Good luck
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Considering the movement has been artificially changed because of price pumping we will have DOUBLE BULL TRAP. We don't have clear movement here.
This bullishness is nothing but the temporary hype and it WILL BE CORRECTED by going down only and (by my opinion) everyone being bullish will bleed badly (4th time in a row), by calling bullish when it's not proper time for it.
However, we could possibly use this situation to our advantage. Considering the price is 9856 in the moment of writing, i do expect price to go to 10500 level, then we should have drop to aproximately 9.300 and then it will probably rebounce to 11.500-11.700 level. After that i would suggest cashing out the positions, beacuse we expect price reversal. Be advised that enviroment is very unsafe and regardless all the indicator and thing which people are using when trying to predict Bitcoin movement, Bitcoin is constantly overbought and while 20 times being barish makes 20 uptrends, but that's not my argument.
This pump is not justified by any cause (my opinion), but as i see it under these ARTIFICIAL VALUES, it will lead us in a double bulltrap (i repeat, yes), because it's trying to leave an impression of being absolutely bullish by any indicators, but eventually Bitcoin WILL FAIL.
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Ideal scenario would be from this instance
-Drop to 9.100 level (using a stop loss) (possibility) -Uptrend to 10500 level -Downtrend to 9000 level (aproximately) -Uptrend to 11.500-11.700 level CASHING OUT YOUR POSITION and leave it in order to see how situation develops . Good luck
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Btc will have price reversal to 8800. That's our rebuy. Current price 9876$ on poloniex.
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Once again for all people following this chart. Having in mind price level is artificially pumped to a higher price range we could experience two huge bull traps. As following, each of them will be bigger than the previous. Current price of Bitcoin on Poloniex is 9852$, minimal price of Bitcoin before next uptrend will be 8800$. Then, Bitcoin should make uptrend to 10500$, that is our first EXIT POINT (Cashing out your positions). I will keep updating post. Thank you for reading it.
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Bitcoin is aproaching 10500 level (10221) in the moment of writing. Considering we are waiting for rebuy and we haven't saw any serious correction so far, even if we expected with S/L, w we will probably see it as Bitcoin trying to breach 10500 resistance (it's an additional resistance), not main, main will be at 11,500-11,700 value. We are waiting for price reversal in order to rebuy at 8800$ (aproximately 9000 price would be as good), because projected price would be around 11,500-11.700 (maximum price)
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Bitcoin is heading toward 10500 for a second time while big buy orders are being triggered from the order book as well as orders who appear suddenly (5 Bitcoins, 10, 15, 25) while there is no sell order bigger than 0.5 Btc (Poloniex). That means (once again) that someone is intentionally buying Bitcoins on this price constantly (and artificially) increasing price. Those guys will be also the very first one to sell it of course and it could cause price dumping. Dont rush with rebuy, do it on dip (8800), because as heading toward 10500 level it will most probably fail to breach it and it will make retracement since we haven't saw correction despite price is being pumped.
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Regardless this situation 10817$ in the moment of writting (Poloniex), I would not advise anyone to participate in this HYPE and nothing but the HYPE. Correction is the only thing we should be interested in. 8800-9000 (but not ABOVE 9000$) would be our potential rebuy. Don't participate in this "game" of price pumping untill price is being corrected. THERE IS NO HEALTHY GROWTH.
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I belive many people will say " Ohhh you are still in denial" " this is so obvious" and many many similar comments''
Anyway, that same people believing in bullishnes of Bitcoin WILL END UP DISSAPOINTED. I would not pay a single dollar for this Bitcoin regarding the situation (even if it goes to 12k from this instance), none of "reasonable" people should not participate in this game called " Bitcoin price pumping"
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It's cleverly manipulated. However, manipulators seem to look at indicators to determine how far they can push. They now know that a pump works only if it's credible. So they try to manipulate indicators to persuade more investors to put money in. And people will think this is regular thing, bullish Bitcoin. Deception, but very clever.
Bitcoin will never ever even touch 5k again. 3k is just ridiculous.
If you'll look at BTCUSD forecasts of this guy you'll see that he only knows how to short Bitcoin and nothing else. He said that the price should fall from 16k to 12-10k, but it reached 20k! He said that Bitcoin will rebounce from 5k to 7,5k and then will sink again. With such a wrong predictions he is still self-confidently saying that he has 17/18 correct forecasts. If you'll look closely at all of his charts you'll understand that it's not true. So think twice, should you believe him now?
Of course it's easy to be bear when bad news and FUD are all around. But now you can lose a lot profits if you will continue to believe in his forecasts. IMO
@Fou_Roi, Eth and Sia are mega bullish, but delayed. Anyone would have to agree it's a done deal.
Anyway, when talking about general picture and overall score, what makes you think that i was actually wrong about all those prediction?
I didn't have posted because of followeres, because, back then, I've been posting it in order to check how my predictions are really accurate.
And they WERE ACCURATE EVER SINCE.
It's just analysis wasn't updated, because i was trading back then and solely trading, had not obligation to update movement.
You have to admin that calling bearish when Bitcoin was nearly ATH is not brave move, it's pattern recognition in order to predict future movement.
You can also notice that there is a correlation between projecting LTC FAIL and BTC.
The ONLY fail was BITCOIN CASH PREDICTION (even if i m thinking it could make some serious movement), but yes, that's the only FAIL i had.
So, overall score would be 15 successfull, 2 delayed (siacoin and ethereum) and bch-fail.
You might be able to distingish if someone is right or wrong by just rewinding track record back.
Cheers mate.
Your chart speak enough.
Ups, sorry, you actually don't have any.
Which makes you incompetent to discuss upon subject matter.
Period
Fou_Roi
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@milanjelic, If you're saying that bitcoin is going to fall from 16k to 12k and after this it grows up to 20k then it's not the correct forecast. It doesn't work that way. Sorry, buddy.
I understand that you are trying to paint yourself in the best light, aggressively promoting your charts in top traders comments, attacking people, saying that they are not enough conscious/have some bad charts (in your opinion)/don't have charts/etc. You want some popularity. I understand. It's okay. But it's not the best tactic to attain this popularity. Yep, buddy. It doesn't work that way. IMO
Good luck.
TK-does-stocks
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ok so bitcoin is dead for the 6 hundredth time this must mean that it shoot to 40k this year... thanks!
OlagIngvarson
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@Crypto-overdoz, he never said BTC is dead. Did BTC was dead after 2014 Bubble while loosing moe than 80% of it's ath value ?
TK-does-stocks
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@wolffoss, a single coin (BTC in 2014) in a new market that a handful of people knew about is not a bubble. I doubt BTC will ever go away honestly, I don't hold any BTC keep in mind but it seems that at least for now, what's good for BTC is good for Crypto...
WilliamVan
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zoom out, we are bullish in general
And we will continue growing to the XXX trillion marketcap attacking, banking, realestate, VR, AI, ... industries
To be honest, all I read is a anxious guy caught up in the fud spread some time ago.
To be more honest, I think governments are making all these regulations to protect guys like you.
If you'll look at BTCUSD forecasts of this guy you'll see that he only knows how to short Bitcoin and nothing else. He said that the price should fall from 16k to 12-10k, but it reached 20k! He said that Bitcoin will rebounce from 5k to 7,5k and then will sink again. With such a wrong predictions he is still self-confidently saying that he has 17/18 correct forecasts. If you'll look closely at all of his charts you'll understand that it's not true. So think twice, should you believe him now?
Of course it's easy to be bear when bad news and FUD are all around. But now you can lose a lot profits if you will continue to believe in his forecasts. IMO