YoungLivermore
Short

MAXIMUM PAIN SCENARIO FOR BITCOIN - THE LATEST MINI BUBBLE

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Not saying this is the most likely scenario, just sketching out different possibilities. Think about it: Everyone, including bears who missed this rally, are looking to finally buy back in around $6000. It would be fucking hilarious if everyone finally gets in, just to see Bitcoin dump back down to $3000-$4000.
Hmmmmm uhhh yeah you may be out of your mind. Many times these days people don't do TA they follow there emotions on what they want BTC to do not what it is going to do below i will show you some of my charts that predict the future so you can be a few steps ahead! THanks, enjoy my friends.

$8800 call yesterday textbook call!



My bigger view on BTC in the coming months!


And last but not least my 6k to 7.2k call when EVERYONE was bearish!
Reply
interesting one! I like your idea. could check out mine too if you like :-)
Reply
Everyone is waiting to buy...so lets fall.
Reply
Do you honestly think anyone would fearful at even 3k when we've already been there and within a couple months jumped to over 8k? Honestly this chart is EXACTLY what we all want. Let BTC drop to 500$, it's already proven not to be the worthless bubble everyone expected.
Reply
Its very hard to play out both scenarios; where "everyone" buys at 6k, and the price drops to 3-4k.

3-4k is wishfull thinking.
Reply
@V1king, In this instance by "everyone", I meant that every retail investor in the game is looking to buy the next dip. In general, when the whole herd is about to take the same obvious action, things can get very ugly.


Reply
V1king YoungLivermore
@YoungLivermore, I dont see this herd you are talking about. It seems to me, that most of the BTC out there is passive (AKA Hodlers).
I dont think retail investors _Really_ have entered the game yet. Some there are, but not enough to control the game.

"same obvious action" - I think this is a mistake to think; remember that we are still at early adoption for a new technology here. I think most Hodlers are idealists, and will not sell at any price. Speculators mainly entered the market in 2017. There is just above 3 million coins left. And next year, the market will only get 900 new coins per day.
+2 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out