JorgeAbascal

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Markets Allocation
87 % cryptocurrency 5 % forex 8 % other
Top Mentioned Symbols
BITSTAMP:BTCUSD 25% | 15 BTCEUR 21% | 13 MTGOX:BTCUSD 20% | 12 ETHUSD 10% | 6
JorgeAbascal JorgeAbascal IOTABTC, D, Short ,
IOTABTC: IOTA SHORT
73 0 0
IOTABTC, D Short
IOTA SHORT

The chart is self explanatory. We need to go deeper in order to go higher.

JorgeAbascal JorgeAbascal BCHBTC, 240, Long ,
BCHBTC: BCH about to moon (READ DESCRIPTION)
371 2 9
BCHBTC, 240 Long
BCH about to moon (READ DESCRIPTION)

Today BTC mining difficulty has been retargeted (With an increase of 15%) As you can see here: https://fork.lol/pow/retarget This means that BITCOIN blocks are going to be found at a slower rate and the mempool will reach a new high (More unconfirmed transactions). Every time this happens, BCH soars and BTC plummets. As you can see in the chart, BCH is also ...

JorgeAbascal JorgeAbascal BTCUSD, D, Long ,
BTCUSD: A look into the future... and a little bit of trading-fiction :D
221 1 2
BTCUSD, D Long
A look into the future... and a little bit of trading-fiction :D

Attending to historic resistances, bubble pattern, and the development of the LN (72 of 75 tests passed) this is my most optimistic scenario.

JorgeAbascal JorgeAbascal BCHBTC, 30,
BCHBTC: Awaiting for the Bitcoin correction, these BCH bags are heavy!
646 3 34
BCHBTC, 30
Awaiting for the Bitcoin correction, these BCH bags are heavy!

I made this chart just to have a little fun :)

JorgeAbascal JorgeAbascal BCHBTC, 60, Long ,
BCHBTC: BCH continuation of bullish cycle
189 0 3
BCHBTC, 60 Long
BCH continuation of bullish cycle

Check this out. My target right now is somewhere between 0.25 and 0.34 btc/bch Official song of this idea: https://www.youtube.com/watch?v=0HtyF0jux2Q

JorgeAbascal JorgeAbascal BTCUSD, 240,
BTCUSD: The final countdown
462 8 5
BTCUSD, 240
The final countdown

I believe we will reach 10k and fall all the way down. What do you think?

JorgeAbascal JorgeAbascal UKOIL, D,
UKOIL: Bitcoin and Ethereum since inception
68 0 3
UKOIL, D
Bitcoin and Ethereum since inception

In green the correction i feel it's comming

JorgeAbascal JorgeAbascal BTCUSD, D, Short ,
BTCUSD: Is a major correction about to happen in Bitcoin?
186 4 8
BTCUSD, D Short
Is a major correction about to happen in Bitcoin?

I believe we have to go down, in order to break the red line and be able to go up. IMO this will be the start of the bear trap phase of a gigantic bubble that will go over 25k usd. Let's see what happens. Note: We will touch the red line on the day of the fork.

JorgeAbascal JorgeAbascal UKOIL, D,
UKOIL: FORECAST FOR BITCOIN AND ETHEREUM
172 1 4
UKOIL, D
FORECAST FOR BITCOIN AND ETHEREUM

I think at 30k usd we will reach the top of the channel and the bubble will burst (What bubble? the one we are in). At that time Ethereum will reach the top of it's channel in USD and will be worth ~1000 usd, which means that you will get 0.03 ETH for every bitcoin, which is almost the bottom of the ETH/XBT channel. With the burst, ETH/XBT ratio will go even ...

JorgeAbascal JorgeAbascal BTCUSD, D,
BTCUSD: I believe we have to go deeper to go higher.
272 3 8
BTCUSD, D
I believe we have to go deeper to go higher.

This chart describes what i believe its going to be the bottom. This is the bottom that bitcoin has shown since its inception. Please see related chart

JorgeAbascal JorgeAbascal UKOIL, W, Long ,
UKOIL: The Bitcoin Prophecy - Price since it's inception
524 1 17
UKOIL, W Long
The Bitcoin Prophecy - Price since it's inception

This is a chart of the price, in logarithmic scale, since Bitcoin's inception. If Bitcoin makes it to absorb all gold market cap, then every bitcoin will be worth 1 million. Of course there are going to be a lot of obstacles in the path to lambo, but this chart is basically what I believe in :) Zoom in to take your conclusions and positions. Shadilay!

JorgeAbascal JorgeAbascal ETHUSD, D, Short ,
ETHUSD: I smell blood and dETH
1062 5 30
ETHUSD, D Short
I smell blood and dETH

Well, i think this is clearly a bubble pattern and now we're leaving the "Return to normal" phase and we will begin with "Fear".

JorgeAbascal JorgeAbascal ETHUSD, D, Short ,
ETHUSD: This is the breath I believe Ethereum needs in normal scale.
715 13 11
ETHUSD, D Short
This is the breath I believe Ethereum needs in normal scale.

In USD we've touched the top of the channel, I believe we need a correction. In non log scale, we can see the chart looks like a bubble. Is my opinion that a big correction is coming. Atached you can see the same chart in LOG scale. (Related ideas)

JorgeAbascal JorgeAbascal ETHUSD, D, Short ,
ETHUSD: This is the breath I believe Ethereum needs in log scale
689 1 9
ETHUSD, D Short
This is the breath I believe Ethereum needs in log scale

In USD we've touched the top of the channel, I believe we need a correction. In non log scale, we can see the chart looks like a bubble. Is my opinion that a big correction is coming. Attached you can see the same chart in normal scale (non log scale) (See related ideas)

JorgeAbascal JorgeAbascal ETHUSD, 60, Short ,
ETHUSD: Ethereum won't reach 500 usd.
688 3 9
ETHUSD, 60 Short
Ethereum won't reach 500 usd.

You know it :)

JorgeAbascal JorgeAbascal UKOIL, W, Short ,
UKOIL: BITCOIN SINCE INCEPTION vs ETHEREUM SINCE INCEPTION
542 3 10
UKOIL, W Short
BITCOIN SINCE INCEPTION vs ETHEREUM SINCE INCEPTION

I believe Ethereum can soar a bit more, but it is about to touch the top of the channel, so I believe this bubble will pop soon. Maybe it will reach 0.22 btc, but It is obvious for me that it needs a correction. Another sign of the "Ethereum bubble" is that every Ethereum Maximalist (I love calling them this) really believe ETH is going to replace BTC, the same ...

JorgeAbascal JorgeAbascal ETHBTC, D, Short ,
ETHBTC: THIS IS WHY I AM ABOUT TO SHORT ETH
795 2 11
ETHBTC, D Short
THIS IS WHY I AM ABOUT TO SHORT ETH

I believe it won't go over 0.25 (right now)... it will drop and will be like an MtGox x30000 event

JorgeAbascal JorgeAbascal BTCUSD, 240,
BTCUSD: Elliot waves and bitcoin
237 1 11
BTCUSD, 240
Elliot waves and bitcoin

Just playing with elliot waves and bitcoin

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