Hi biggest FUDDER here.
I feel this is going to take a long time...
People are persuaded they'll become millionaires, so they're just going to never let go till this thing hits the ground.
There's no reason for anyone to buy right now.
Comparing the 2 bear markets they have the same main steps, I'm certaintly not calling to start a trade based on this, just ...
Bittcoin recently broke out of the large falling wedge as predicted, we broke out and we have formed a rising wedge which indicates a short term bearish trend. 10k is target,
For now bearish divergence.
Correction wave still active.
Much support, such waves. wow
Very messy and extra, so sorry.
8-9k such confluence of trendlines, previous tops, fib levels and lower end of channels.
Green = buy.
Let the good news come in from mid-february.
Shopping for Bitcoins in the wall street? That's your one and only choice for now, and if you're bullish on Bitcoin this is it.
This stock have been hammered from $10 to less than $0.1 last year, and it looks to be finally bottoming here with a break to the upside.
Bitcoin ETF launch could blow this straight to the moon with all the hype, yet only retracing less ...
I'm not going to make a call either way on this one but we should be able to clearly see the choice that is made within the next few days. The price has returned to that orange resistance trendline that forced it out of its purple channel late last year. On the RSI, we can see that the orange resistance trendline is potentially going to be broken. Failing that, a ...
Incoming :) We're reaching the end of the consolidation triangle.
Volume profile currently shows bearish bias as we're trading below the demand zone, the bottom support is being tested much more than the resistance too.
Update: This trade worked out perfectly and netted a lovely 100CNY drop (-4.56%). Of course, you could have held on for much greater profits. With the original trade, however, just multiply the percentage drop by your preferred magnitude of leverage and you have your percentage profit; with 20x, this trade roughly doubled your money. Holding on until the bottom ...
It looks like we're coming in for a third contact with the lower mid-term support when every other contact with these purple lines has been a single touch before traversing to the other one. It seems obvious that the orange resistance is coming into play even though it's a good distance away from the current price.
The RSI has broken down from the steeper ...
Tomorrow's (20.11.14) move is going to be big. There's some really strong convergence of indicators and, although 100% certainty isn't possible, the descending triangle and death cross suggest that this is likely to move the way of the bear. Short-term, I'll be looking to workout the put options on OKCoin. Mid-term, I'll be looking to load up on cheap coins as we ...
Just looking at the recent bear trend that we're in with regards to the Fibonacci retracements from 275. The volume is fairly dead and it's my opinion that the recovery to 400+ was over-extended with whales and FOMO moon children. With all that time spent around 380-390, I think the market is making up for lost time with some proper bleeding and that the end isn't ...
