I've shorted my first bitcoin after a year of watching and waiting for the bear market to begin. When it broke down from 6k i figure I take out my life saving to short it on its way to zero because everyone will want to buy while accumulators over last year will be trying to get out of their underwater postion. Here I am shorting the 3550 level. Tone Vays said the...
MFI and retarded stupid indicator are both bottomed out. A nice bounce on a previous swing high that later server as a support.
I am looking to long till 79xx levels where we have a support turned resistance.
Stops lower.
How big will the squeeze be before the collapse? Resistances clearly labelled on the chart. I will short big if it gets into the Shortbox.
P.S. Do not expect BTC to repeat the same price patterns as 2011-2014. The protocol has changed. The value proposition has changed. The big players in the space have changed.
Fundamentals matter. BTC has fundamentally...
The Carnage isn't over yet, its only just begun.
BTC is displaying massive HIDDEN BEARISH DIVERGENCE (HBD)
Bounced perfectly off a double bottom, and ran straight into the confluence zone (C.Z.) (marked with the 0.382 and 0.618 fib level) pushed through then was swiftly rejected.
Price tried the retest, but that was also rejected.
From the top of the range ive...
Not real sure on this one, only a small play. Last time W tanked on earnings, it hit the 50DMA and dropped. Do we get a repeat? If it breaks through, it's probably going to set a new high. I would not naked short this one, bought Jan puts.
This is one of the biggest Ponzi scheme in the market. Anybody can increase revenue by selling at a loss. When W goes...
A gigantic transfer of wealth is about to occur from big Oil to the wise investors that were able to get into the next source of energy early enough.
Let me remind you the Oil market makes TRILLIONS of revenue a year, and the market cap of Oil is too big to fathom.
Evil misguided greedy Wall Street cannot stop this train. We are powerful, we are standing storng...
Last night, a journalist from C.C.N., while Bitcoin was still in freefall, urged and ADVISED people to buy in. Explaining that at around 4600 (and change, who can keep track - unless it's your JOB) Bitcoin had found it's bottom. The piece was marked as an Op-Ed , a disclaimer indicating that he is not a financial advisor - this was not to be construed as advice ,...
Bitcoin had a little shakeout fueled by bad news and some people started calling for 0.
This is very unrealistic there is no way Bitcoin could fall that much and it is mostly childish trolling or FUD.
There are very solid reasons as to Bitcoin CANNOT go below $5000 and I will expose them in this idea.
Here is why Bitcoin cannot fall below that crucial level:
A...
Classic fake-out upwards of triangle then dump.
What's key to look for is if we hold above 5768.1. If it finds support above that level, it opens up the possibility for short term bullish action.
Cool so now I got like 5 fat dudes and 2-3 girls that think I am interested in them because I could not stop laughing and smiling.
"They can never take my Bitcoin away from me and I will never sell the bears think I am sweating but I laff as I am still 500% above my entry price"
* Knock Knock *
"Who's here"
"Hello sir it is the capital gain taxes"
"The...
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Here is a DAX chart:
