Get started

Fomo

BTC 1 month chart prediction, multiple reasons/argumentsBTC will is creating a Shoulder-Head-shoulder patern. On mid-long term BTC will follow this trendline in my opinion. Multiple reasons are listed for bullruns and drops. Some of these reasons are the listing on the stockexchange (18dec) and the new "weak hands" it will bring allong. Also worth mentioning is the fact that people are getting a christmas bonus. Some people will use it to buy the new "trendy" bitcoin. Keep in mind that this also happend with gold and silver after they got mentioned on TV. After this "Dip" BTC will rise again, I don't expect a real crash, just a small correction after the 1700% gain this year. For long term investors (+2-3 months hodler's) there is nothing to worry about, just buy some more in the dip if you want to triple that money in a few months.
COINBASE:BTCUSD
by Sellingdignity4btc
1
This time it's different. No, it's a glorious bubble!You can feel it in the air! The delusion is magnificent, the hope is higher than ever. Nothing can go wrong right? It cant crash, BTC will take over the world! It's a new paradigm! Only upwards from here, we have exceeded all expectations and the chart screams UP UP and UP!! If you don't want to lose your shirt, this is the time to stay calm. This is where you need to be cynical and shut everything out. Maybe take 30 minutes and just stare at the chart. This time it aint different, and it never will be. Fundamental Bitcoin has jumped higher then I expected! Probably higher then you expected as well. It's been a crazy year and we who have been here since the last bubble are all rich now. The amount of new people entering is astonishing! Dumb money is being poured into the crypto space, and the majority of it is entering Bitcoin in this historical bubble. Why do I call it dumb money? Because it's money that is entering on hype and FOMO. Money that didnt buy when the media phase started, and certantly not when Bitcoin was in the shadows. It's money that has been to afraid to enter the market because it didnt believe in the tech. But now that it hears "everybody" else is making big bucks on Bitcoin it wants in. Is it money that is intented to be used on the underlying asset? No. It's pure speculation and greed. It's money that dont have an exit strategy, it just wants to be included. A reciepe for disaster. Let's take a look at the fundamentals and ask ourself, what is the difference now from 1 year ago? We have more people using BTC, obviously, but it's mostly used on speculation. Now we don't have 1 Bitcoin anymore, we have 4 with huge marketcaps. The scaling saga is maybe more positive now then it was 1 year ago, but it's a big maybe. Lightning network is a very promising project and I have big faith in it, however, at this stage it is barely a working product. Big blocks was a solution for today, but far from sustainable, and fundamentally it has done BIG damage to Bitcoin Core. Is the ordinary financial world collapsing? Do you have problems paying for a loaf of bread with dollars (or have to grossly overpay)? The world may be in terrible shape, but currently, the economic shape is fantastic! If this reality changes, we have a different picture, but until then Bitcoin aint worth 10 grand! I rather take the fiat for now, MUCH easier to spend ;) And oh.. We have futures launch, which is a big driver for the hype we are seeing. Insititutional money will enter the Bitcoin market. But is it really a positive? First of, its more likely then not that it has already entered and a big possibility that the money coming in will be used to make Bitcoin go down, not up. On the other hand, its not even a guarantee that the futures will launch. And for the first time I have reached the maximum amount of charachters so you need to research that yourself :) Technical We have a classic bubble going on, and I believe we are in the final stage! I can just feel it in my bones. Gravity left for vacation, but a vacation dont last forever, and when vacation is over, harder times are ahead. So is this the top? I have no idea. It could very well go above 10k, it could go 11.5k, but if it goes above 12-13k I have made a mistake and need to take the consequences. Because I am shorting here at 9700 USD. I am hodling that position all the way up to 12k if that's what it takes. It's just a too good number to pass up this trade right now. Earlier today at 9490 USD I sold every bit of Bitcoin I had left. I am now 50% alts and 50% cash. Looking to reinvest in Bitcoin in the 3-5k-5k area, and possibly hold short until 5100 USD! I have been wrong on Bitcoin TA already through this bubble, but to be fair, so has a big majority of traders in this space. Bitcoin have just shattered rules and destroyed rational predictions. Numbers Short - 9700 USD Buy - 5100 USD Stop Loss - 12k-13k range
BITFINEX:BTCUSDShort
by Kryptokelly
166
BTC: A Tug of War between FOMO or FUDTaking a step back sometimes is helpful to make sure that you are anticipating the crowd instead of become a part of it. BTC is holding the $7000 level SURPRISINGLY well and at this point it almost feels as though all TA is out the window. I keep asking myself is it on wave 3 or wave 5? Is BTC finding its top or getting ready to blast off? My guess is most traders out there (like me) are caught between FOMO and FUD and so I am sitting out of this one. I rode the bubble for a while but I'm opting to take the week off and remain for a return to sanity or just mean regression... whichever comes first. Here's a short term somewhat neutral and forecast based on the FOMO, FUD, and upcoming Fork. Play at your own risk...
BITMEX:BTCUSD.P
by myceliium
1
GIVE FEEDBACK. Current BTC trend.So the current trend broke the trend BTC had since Half July. FOMO for the hardfork has kicked in hard. On the current trend, it would reach 10k before the Hardfork :O This is not at all a prediction, I was just wondering what will happen. The price is reaching the bottom limit of its current trend, so it will be interesting to see if it will bounce or not. In the days leading up to the Hardfork we will see how the trend deviated from what I drew here. stay tuned! Please for the love of god guys, give me some feedback. I'm really excited about crypto currency and trading in general.
COINBASE:BTCUSD
by SamvanProoijen
1
Be Brave. Short BTCFOMO at its peak right now makes it a good time to think outside the square... BTC at the top of the channel at point of resistance around 4600. RSI overbought. Money has shifted into BTC from Altcoins in a wave of fomo that spread across the globe with people trying to 'cash in' on the upcoming forks. But... The depleted altcoin market now presents a much stronger opportunity to claim large gains...gains that will be stronger than those of the Bitcoin Gold fork taking place late October, and the distrubution of coins likely Early November - still a while away. Expecting a swing back to the 4400 level due to this combination of technical and macro analysis. Good Luck.
BITFINEX:BTCUSDShort
by cajones85
1 year BTC-USD Logarithmic Projections UP or DOWNIf Bitcoin continues to grow and succeed, it could push the higher limits of this graph and be close to $40+k by the end of 2018. Should it be doomed to a hard forking future of obsoleteness, see the lower projection headed to a lowly $34 before the year ends. We will all decide, or will we? Could the FUD/FOMO standoff cause the governments/banks/people/business to abandon the crypto godfather in favour of a new sleeker project without the heavy mining costs and Satoshi's golden chest? Time will tell...
BITFINEX:BTCUSD
by F1b3r
BTCUSD - The FOMO is so thick, a chainsaw is required to cut it.Stepping back a bit from Elliott Wave Analysis (yeah, I do that too, but there are so many other voices...), the Fear Of Missing Out (FOMO) radiates all over the BTCUSD charts. What my experience has been, is that the FOMO does not lead to sustainable breakouts. Key word: Sustainable. It is most obvious on the Kraken data feed. It actually traded at an ATH, for a while, a few days back. On the other charts from other exchanges, we can see this too. Depending which dots or data points are connected, all of the charts can display a rising wedge, a Bearish pattern leading to a breakdown. Should this happen, it may act to calm the BTC enthusiasm enough to establish a Sustainable bullish pattern that eventually leads to sustainable new highs, a the kick-off of Elliott Wave V for BTC. A rising wedge is the perfect chainsaw therapy to cut through the FOMO and develop a sustain base from which a long run set of higher highs can be established.
BITSTAMP:BTCUSD
by RogueDave
10
BTC USD heading for at least 2250 USD?Mega Cup and Handle formation could be indicating a big move to at least 2250 USD (with a few bumps in the road along the way). Plenty of FOMO news articles surfacing in the mainstream. Segwit as well. Previous cup and handle projections extended further than the forecasted magnitude, however the target zone ended up as future support once the correction started. 100 day moving average reached new highs a couple months back. RSI has room to run, especially when compared to the relative strength of the previous moves, relatively speaking!
BITFINEX:BTCUSDLong
by FOMONOMO
Strong signals for a new hype cycle.Describing this last hype cycle from 2013, after the old All Time High of 1000$+ price found a solid floor at 200$. After some months in those lands, it incremented to more than 400$, starting the first "Fear Of Missing Out" cycle, because the demand of people wanting to buy bitcoin was really noticeable at that point, so the price made a short term bubble. Price reached stability at around 400$, then again the buying walls were too big in the exchanges and another FOMO cycle appeared, making the price to go higher than the 700$ point. After some correction, an updtrend started and reached the old All Time High really fast, so an ovbious correction have been formed and price followed the uptrend. The ETF rejection in the secondary market of the USA destroyed the faiths of some investors who were waiting for the approve of it, so we saw a big correction the 11th of march (the day of the SEC decision), and then the price followed the old uptrend again. Price went trough the old All Time High again and an insanely accelerated uptrend started, making the price to go 50% upwards in short time, reaching a floor of 1500$, where we are now. A correction is expected soon, so this is not a really good moment for a fast buy, but it is a good one to wait for a good point to enter the hype without too much risk!
BITSTAMP:BTCUSDEducation
by Punisher1314
History repeats!BITSTAMP:BTCUSD appears to be in a long term consolidation, accumulation period for past 2 years. Based on previous models this is what I expect in the coming months, maybe sooner. During this period we will see distribution and mass scaling of BTC to buyers on the fence, target from moon phase is 3-6k but I will not be surprised if targets get blown away by mass FOMO due to mainstream media publications on blockchain adoption and multiple blockchain ledgers which are all denominated BTC (Ruler of the Blockchain). It's time to start analyzing weekly charts, next will be monthly timeframes.
BITSTAMP:BTCUSDLong
by Proteus
6