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Blow

The end of Bitcoin Speculative BubbleThis obviously isn't a technical analysis, but an example of what a blow-off would look like if it is indeed what we are going to experience (and i strongly believe we are). We know that bitcoin is a speculative bubble, we know what a speculative bubble blow-off look like, we know that a bubble that takes 10 years to appear can blow-off in just a few months. Take care of your money and most importantly of yourself and your family, don't stay in a sinking boat because of anger, fear or greed, take whatever loss/profit you made and get out of the biggest ponzi scheme ever created before it's too late ;)
BITSTAMP:BTCUSDShort
by Biscuitage
15
TimeNewBank VS Bitcoin is About to Blow Up?TimeNewBank token had a massive correction down after reaching an all-time high at 2255 satoshis. Price declined by 86% and found the support only at 300 satoshis area. This is the 261.8% Fibonacci retracement level, applied to the corrective wave after the uptrend trendline breakout. The support is being rejected, and during the period of two months price failed to go any lower. While staying above the support level, TNB/BTC could have formed a strong bottom, which might result in a trend reversal. The first target is at 720 satoshis, and second is at 1250 satoshis, both correspond to the Fibonacci retracement levels and previous levels of the support/resistance. On a downside, break and close below 250 satoshis should invalidate short-term bullish outlook and extend the consolidation. No major decline can be expected since TNB current price is already extremely low and trading at 360 satoshis.
TLong
by CryptoPAMM
5
BLOW OFF PHASE? speculative bubble scheme.We all believe in cryptocurrencies and the technologies behind. But only a blind couldn't see that's it is a speculative bubble. The scheme is typical, very clear and acurate. Although we knew several strong corrections in the past, this one could be different. Indeed, the past corrections were BEFORE mass public investment. It means that the market could be governed by fear. Those we call weak hands maybe have the power to change things at their expense. Of course there is also whales, which manipulate the market and finally take their benefits. It's also interesting to compare this bubble against others. I.e the URANIUM BUBBLE of 2007. Institutionial futures contracts are often the final point of a bubble. Daily charts and weekly charts indicators are pointing down. Which possibility are you going to chose? -Buy more BTC and hope that it's just a "normal correction"? -Hodl and your patience will probably pay? -Sell and re-buy cheaper? It's up to you. Don't hesitate to comment your opinion, it would interest me A LOT!
BITSTAMP:BTCUSD
by BrieucdeLooz-Corswarem
18
Bitcoin: BTCUSD Running on Empty - needs buyers - don't followBitcoin: BTCUSD So far only Corrective/Continuation Running on Empty Bitcoin has at least rallied from the double bottom fake-out low this morning in London but the rally has been feeble so far. Since the low it's formed another little parallel with a bearish upslope, though it does at least have a few pin bars forming off the lower parallel, showing some interest at lower levels.Any green bars quickly hit as the upper parallel is hit as Bitcoin lies trapped in a narrow range too tight to trade even by day-traders now as mean spreads stop the thing almost dead as this is written. It should still grind higher but this is ridiculous now. WTF at 7178? If long be careful, unless we see some green bars emerge soon this is going to fail again. Get out on a break below lower parallel or on test of 7274 if it stays above the parallel from now for 200 points profit if we see it. Only a big green candle is going to save Bitcoin now... It's back in the balance...it really needs a push here. And if it does now fall out of the parallel it's probably time for day traders to start selling too, initially back to 7070-7060 and then harder still if 7050 gives way back to critical support at 6960-6930. As before, this range is last-gasp support for Bitcoin. Any fall below 6900 should be followed by swing traders not too burned by yesterday's debacle, with a stop just above 6960 for a collapse back to 6312 at least and potentially to 6165.
BITSTAMP:BTCUSD
by sumastardon
1