One second you think you've made a great investment, the next fear kicks in. How long do we go down before you get scared? This is a continuation on my bubble idea earlier, where I shorted at 9700. Fundamentals I have already expressed my thoughts on fundamentals in my earlier idea, please check it out if that's of interest. Yesterday we had a big drop...
I have alot of people asking me right now , if Bitcoin is a bubble and if this might be the beginning of the end ? Honestly , if you look at the history of bitcoin ! you see how many times people assumed that it will soon be over ! -mt gox -short crypto winter late this summer -china ban -JP Morgan fraud -"bch will take btc over" On all these ocassions i have had...
BITFINEX:BTCUSD Topping out at $11,400 - Bitcoin euphoria reached a maximum this week. With a large piercing wick on the weekly candle, we will probably see Bitcoin reverse course a bit in the near term and potentially retest previous highs from the last few months.
To all who say that it is a bubble :) remember my words we are on the 4th wave of a larger degree third wave. Which means that we need to achieve the 5th wave :) this is where we are today :) if the correction of this wave is over at 8920 USD, then we should expect a short target between 12,645 USD to 15,055 USD :) BITFINEX:BTCUSD Happy freaking...
This is the first time of history where economy will be absolutely tokenizated, that is, the token market capitalizacion will be equivalent to the world GDP . Of course, this is not going to happen from one hour to another, but it is not far away either - blockchain is going to give the monetary system a 180 degree turn. The collapse of the international banking...
You can feel it in the air! The delusion is magnificent, the hope is higher than ever. Nothing can go wrong right? It cant crash, BTC will take over the world! It's a new paradigm! Only upwards from here, we have exceeded all expectations and the chart screams UP UP and UP!! If you don't want to lose your shirt, this is the time to stay calm. This is where you...
First off this idea is completely hypothetical and BTC always surprises me so please don't trade off this "idea". What I see a is a drop to between 7000-7100, then a rise up roughly equal to the pole of the a potential bull flag formation. This would put it roughly around the 9000-9050 area. This would also put it right at the parabolic line and potentially...
ok, not as ambitious as the predecessor; a parabola running from the epic ATH in Nov '13 to EOY 2018, this time hugging the 50 week MA. Given the past 12 months' ten-fold increase, another ten-fold increase in the next 13 months is not impossible ! ps: friends, this is not investment advice !
- fitting a parabola to the log plot of the price since the Nov'13 spike - current rate of rise is not as steep as back then, so lots of mileage left in this rise - only concern is, can mining - currently using at least 10GW - adapt to the electricity demand ?
The fact that it sounds crazy to short sell a bitcoin at 8000$ after it rose more than 50% in value over a matter of days; tells it all. I am currently shorting bitcoin at 8000 as it established a support level for the first time days. The latter shows me that Bitcoin's MM is not willing to push beyond 8000 USD, and will likely chop around these levels for the...
Possible scenario if BITFINEX:BTCUSD will break $8000 price. According EW previous deep was wave (4), High volume confirms trendline bounce.
MUST be opened in 1 minute timeframe. SomeONE (yep, ONE person) made a nice income :)
Taking a step back sometimes is helpful to make sure that you are anticipating the crowd instead of become a part of it. BTC is holding the $7000 level SURPRISINGLY well and at this point it almost feels as though all TA is out the window. I keep asking myself is it on wave 3 or wave 5? Is BTC finding its top or getting ready to blast off? My guess is most traders...
Don't get trapped, be smart. In the latest days I have seen so many switching their views on Bitcoins direction. "A new entity has taken over" I read from some trader for example. Bitcoin is a market that behaves after supply and demand like the rest. I will be shocked if we see more demand than supply over the next 10 days. Fundamental With big news such as...
First off all, I'd like to state that I am not at all hating cryptos or denying the potential of the blockchain. But in my personal opinion, what happens to Bitcoin right now is nothing else than ridiculous. The more I am reading about "Financial Bubbles", the more I have to draw the conclusion that Bitcoin may very well be exactly that. So, before everybody...
Its been a long journey, and we still haven't seen that euphoric FOMO pump (at least it doesn't feel like it). Looks like we've been progressively getting more vertical, more and more good news/publicity, Segwit2x fork... maybe it's time. Not investment advice, but keep in mind: November 2013 was the last real bubble, and Bitcoin is based on math. Who knows?...
Probably everybody remembers the Bitcoin Cash fork event, as a result of which the owners of Bitcoin got "free" coins and the amount of the account eq. balance has increased that pleased the eyes. Let's try to think about the nature of this phenomenon: a new coin with a very large capitalization appeared (according resources like Coinmarketcap), but the new money...