The downtrend is not over. Next two levels of support in blue.
Hi everyone! I have been following bitcoin for over 2 years and imo if we have a daily close below 0.5 fib speed res fan then a major down momentum will take place which may lead to btc having a dollar value of around 5500. This is a very pessimistic view, hence I strongly suggest everyone to take it just as a worst case scenario. Considering how simple a lot...
BTC looks exactly like the NASDAQ bubble.. Just a lot faster.. BTC is a 1D and NASDAQ is a 1W chart.. Personally i believe in Bitcoins success longterm..
22 DECEMBER 2017 I did an idea where I exposed my opinion about Bitcoin and cyptocurrecy market. In my opinion the bubble was going to implode. Time shows that I was right despite of all people saying I was wrong, crazy. AND NOW, WHAT SHOULD WE EXPECT? At the end of the bubble implosion, we can expect an accumulutaion phase, a phase where price are more or less...
Set your belts and prepare for massive run on Tethers money. Will it survive big chash out? We don't have a legit exchange to short btc so I will be just watching or try to catch very low dip. Have a nice day everyone. Yours RF
Looks like BTC might want to test the limits before a bounce occurs, a lot of support lines have been demolished on the this brutal fall. Big institutions wan't BTC dead, media FUD and conspiracy causing the weak hands to sell into the grubby hands of the big players. Like taking candy from a baby we could say. The whole reason BTC exists it to fight against the...
At this point is already obvious that Bitcoin is a bubble that already burst. Bitcoin chart shows the typical bubble pattern. Right now we are on the Capitulation stage. Next stage is despair.
BTC bubbles all tend to rhyme. This is my scenario of maximum pain. I'm not a 100% sure it will happen like this, but I'm mentally prepared for it.
If you have seen my Friday post on Bitcoin my next target is 3000. Continue to short Bitcoin. and don t Buy. The Bubble is unfolding and break of major support 8000 (need daily closure confirmed) will sparkle the first sign of panic, another LEG DOWN this week
I have been asked to specify with price levels the next targets of the all mighty Bitcoin. I would not say it is easy but given the formidable rise in the past and since technical analysis is all about studying historical prices, well there are very few interesting levels to analyses. So I picked the daily chart (Weekly chart is the typical Bubble chart which was...
Have you ever read the story about the fox, the wolf and the moon? It was written by La Fontaine. To sum things up, the wolf wanted to reach the moon but an optical illusion made him chase it down a well...where he drawned. This tale is both simple to understand and actual since people are still trying to chase a "moon" that could definitely hurt them. Aside...
85% correction for nasdaq brings us to 3000 for BTC twitter.com Beware of Bitfinex though: twitter.com
Hello TradingView, I wanted to post a formal update to an idea that I had at the beginning of December. I also wanted to integrate an idea I had later that month into an overall picture. These ideas where posted almost 2 months ago and they are very accurate. I spent a lot of time researching and building an overall perspective on this market and from what I...
When monthly RSI falls at least to the half of the violet zone and stays there for some long time; when all market is exhausted of 1.5-years relentless down race; when all forget about BTC as a money; only then the new shining rise will show up. Show just started, guys. Your TAs based on daily metrics are waste of time. Think years.
Textbook Head & Shoulders reversal pattern just confirmed to get this party started.
I came up with the idea on January 22nd and to my shock, it is still following the cup trend. This meme magic of truth is coming into fruition. originally, I thought the bottom would be $4k but I have been informed by others that Tradingview user, BigDogg say BTC will go down to $1K. after modifying the chart, It was even more accurately following the trend. In...
As you can easily see, the market is currently very shaky. We are in a long downtrend, so I switched to fiat. I also warned you in my last analysis that we were in a big bull trap. Likewise, the tether bubble causes me pain because it would collapse the entire marketplace. What also bothers me badly is the fact that almost everyone knows and talks about bitcoin....
BiTCOiN ?!? Well.... well..hummm...not so well in fact for the all mighty King BiTCOiN . The closure of Friday suggests another wave of sales...with a little 50% down target (these are performances normal for cryptos and not only towards the upside). While pushing the forecast for a drop of 70% in 1 month. So I would definitely continue to sell the Futures on...