JorgeAbascal

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Markets Allocation
87 % cryptocurrency 6 % forex 8 % other
Top Mentioned Symbols
BTCEUR 25% | 13 BITSTAMP:BTCUSD 23% | 12 MTGOX:BTCUSD 23% | 12 ETHUSD 11% | 6
JorgeAbascal JorgeAbascal UKOIL, D,
UKOIL: FORECAST FOR BITCOIN AND ETHEREUM
138 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.
267 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
353 1 15
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
980 5 29
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.
703 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
383 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.
683 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
400 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
780 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
236 1 11
BTCUSD, 240
Elliot waves and bitcoin

Just playing with elliot waves and bitcoin

JorgeAbascal JorgeAbascal BTCUSD, D,
BTCUSD: Bitcoin UP while gold DOWN
337 1 5
BTCUSD, D
Bitcoin UP while gold DOWN

There is a yuuuuuge inverted S-H-S (marked with green lines) that makes me think that the target point is somewhere near 1300 usd

JorgeAbascal JorgeAbascal BTCUSD, D, Long ,
BTCUSD: If the ETH bubble pops today...
509 3 8
BTCUSD, D Long
If the ETH bubble pops today...

This is the other scenario. As I said, people buy ethereum with bitcoins, ethereum is in a parabollic movement and for sure a bubble. Ethereum will grow until bitcoin cannot go lower. That might be the pink line (historical minimum) in the chart, but also because we have a pennant, it might breakout in the same direction as the initial large movement and reach ...

JorgeAbascal JorgeAbascal ETHXBT, 240, Long ,
ETHXBT: The bubble ETHEREUM is drawing.
431 0 4
ETHXBT, 240 Long
The bubble ETHEREUM is drawing.

ETH - > LONG to 0.05 (Increase of about 60%) BTC -> SHORT to 250 usd2.74% (Decrease of about 60%) I'm posting also the BTC DIP as i think it will be drawn. HERE: https://www.tradingview.com/chart/BTCUSD/PwVo0pt4-Inverse-bubble-ETH-BTC/

JorgeAbascal JorgeAbascal BTCUSD, D, Short ,
BTCUSD: Inverse bubble ETH <=> BTC
692 5 9
BTCUSD, D Short
Inverse bubble ETH <=> BTC

ETH - > LONG to 0.05 (Increase of about 60%) BTC -> SHORT to 250 usd (Decrease of about 60%)

JorgeAbascal JorgeAbascal ETHUSD, D, Short ,
ETHUSD: Ethereum forecast. Too vertical for me
797 3 3
ETHUSD, D Short
Ethereum forecast. Too vertical for me

I'm too lazy to write.... asdasdas asd asd asd asd asd asd asd as da sd asd as da sd asd as da sd asd

JorgeAbascal JorgeAbascal BTCUSD, D, Long ,
BTCUSD: My new theory
138 1 2
BTCUSD, D Long
My new theory

Just saving here my idea

JorgeAbascal JorgeAbascal BTCUSD, 240,
BTCUSD: This is what i think bitcoin will do in the longterm
121 0 5
BTCUSD, 240
This is what i think bitcoin will do in the longterm

This chart describes what i think bitcoin will do in the next months. If you look to what has happend you will understand my guesses are based on known max/mins.

JorgeAbascal JorgeAbascal BTCUSD, 240,
BTCUSD: What I think bitcoin will do in the longterm
69 1 3
BTCUSD, 240
What I think bitcoin will do in the longterm

This is what bitcoin will do in the longterm based on historical levels.

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