BitcoinLong
Friends don't lie, Bankers do
Updated
Hi All!
Bitcoin price down thanks to 2 factors: China ico ban + Goldman Sachs classic banksters prank. Their joke TA predicts sub-$3000, and many traders caught on and mainchat is full of $2800,$2200,$2000 predictions for 3 consecutive days.
Great traders of Goblin Town are seeing this as an opportunity and started big accumulation cryptowide.
Entry: $4550
Target: $5626.6
FA:
TA: In the chart. Yes, it's bullish a lot.
Happy trading! ;)
PM to become Goblin
Bitcoin price down thanks to 2 factors: China ico ban + Goldman Sachs classic banksters prank. Their joke TA predicts sub-$3000, and many traders caught on and mainchat is full of $2800,$2200,$2000 predictions for 3 consecutive days.
Great traders of Goblin Town are seeing this as an opportunity and started big accumulation cryptowide.
Entry: $4550
Target: $5626.6
FA:
- Let's start w Cherry on top? :) :okay: :rocket: Last time 80m Tether was granted, we went from $1800 to $5000. Yesterday, another 70m Tether has been Granted.
- Bitcoin is the first investment vehicle which from now on has no real Bear case. It will not be replaced, it will not have a crisis of its own and will not be reaching its peak anytime soon.
- Bitfinex is the market maker for BTC and alts. For 2 days, they kept Bitcoin price on Bitfinex $200 lower than Stamp. Why? It cost the MM money. But because on Bitfinex same MM also controls alts, he was willing to pay price to keep BTC low and throw alts even lower, shaking out many noobs, buying insane amounts from them. Now he is ready for next alts Bull cycle. (remember every alt was doing cup&handle? did you buy it? me too, then they took all alts 20-40% usd price lower. pain, right.)
- Above point only makes sense if soon after there is Bull cycle. Is market maker wrong? He is not, but many retail traders are.
TA: In the chart. Yes, it's bullish a lot.
Happy trading! ;)
PM to become Goblin
Trade active
We are on track.In case of bullish scenario, I want to present here 2 beautiful charts by our Bro FlippingABitCoin , with first target at $5216 and second at $5628:
s3.amazonaws.com/tradingview/snapshots/6/6Sd2pTMc.png
Beautiful IHS and BF formed.
Happy trading! ;)
Note
Reposting comment as I have to run soon:"Hello J, I feel that the fake news are bearish for BTC.
The fact that price dropped 30% within 2 hours on some markets based on fake news, discredits Bitcoin as a viable investment vehicle. Investors feel endangered and many will pull out. If the news are confirmed, we go down. If not, it still feels we are headed down, based on TA which now looks different.
Did not want to post this yesterday as I felt we would bounce a lot, and I longed $4140 on Bitmex 25x with my group Goblin Town, so it was not the time to say bearish :) Also, some Goblins reported there was Spoofy flashing 4k btc buy orders on finex again. Who can confirm this?
Will post a chart with TA for BTC in the evening, want to be outside, yesterday was stressful as I went through a loss. Was involved in some AML with LocalBitcoins and was called away from the desk for the whole day. So I did not spot nor react to the Bear double top reversal :("
Note
Hi All!My Saturday update didn't get posted:
s3.amazonaws.com/tradingview/snapshots/e/EqPfQohk.png
It doesn't look as bearish today as 2 days ago, but last 4h candle had high sell volumes. I believe we might go more down. However, as of now, this is sideways action mostly.
Bloomberg provides a good report on the uncertain situation in China bloomberg.com/news/articles/2017-09-11/china-is-said-to-ban-bitcoin-exchanges-while-allowing-otc-trades-j7fofh20
Until that is resolved, we should not have hopes for new ATH.
Happy trading! ;)
Trade active
Hi All! ;)I am sorry for not sharing posts here in analysis, but the market is so volatile that I need to share with Goblins first and then it moves too fast before making it worth posting here.
Today the price might have found a bottom for now, at 3.75k price mark. The level of fud has reached it's local maximum with Jamie Dixon of J.P. Morgan knocking off Bitcoin twitter.com/WSJ/status/907936980088053760 and China announcing their own equivalent for USD Tether tokens, while imposing restrictions on the amount of Bitcoin owned per capita.
Good time to buy imo. We are currently bull flagging and going for 4.1k mark.
s3.amazonaws.com/tradingview/snapshots/h/HFgeFqA7.png
Happy trading! ;)
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