but but... they said Bullrun???!! ThEy SaiD BotTom in! wink winkLast bullrun went from 300 dollars to 20.000 dollars in almost 2 years. Only reason that it pumped that high is due our dear sugar daddy BITFINEX. They printed shitload of tether and kept buying BTC's. In combination of the crazy ICO run that people invested millions in worthless and useless tokens that are almost all down 95%. When the pumping ended and the dumb money retail masses invest at 20k it became clear that BTC would enter a bearmarket. 6k became the support that held for many many months. Once it broke we dumped 50% in couple of weeks.
Now Bitfinex has the claws of NY AG around their neck and their cold wallet is moving money out like crazy. ICO's are basically dead. the main 2 catalyst that pumped the price to epic highs are "gone".
Thinking bullrun will start now is stupid and doesn't make any sense. I ask you what is the reason BTC will have massive bullrun? real world usage? adoption? please dude wake up.
People like Willy Woo, David Puell and Murad telling us the bearmarket is over cus they invented some fancy looking indicator that predicts the bottom. the point is that BTC only has 2 previous bearmarkets. there is simply not enough data to check if the fancy new indicators are accurate most of the times. and of the 2 previous bearmarkets there is only 1 bearmarket that is almost similar like this current market.
Rather trade what the charts are telling you now instead of comparing every piece of charts to 2014-2015 bear markets.
Basic rule:
Don't long resistance and don't short support. Ogaah boogah blah blah WhAt?? look at charts we are at major Resistance.
I think we gonna see lower.
Short it. close some at red box and short again when it has deadcat bounce. keep shorting the shit of it until there is a flat phase of accumulation and the biggest bulls are turned into steak.
Panic
Initiate Panic Phase 1Price has tripled in 3 months despite negative earnings. Double top formation at the 15.7 level. IPO lockup period has expired. Bearish divergence on oscillators.
Qutoutiao Could Dip When IPO Lockup Expires
AUD/USD Sniper entry, perfect analysisFacts:
-ATR Shows market panic sells chain reaction causing 3x more volatility
-200MA Still bullish
-Showing nice wick rejection, which indicates strong buy power from here.
-Overbought cloud breakout, which indicates a reversal
-Parabolic SAR still bearish but due to what i mentioned above, it will turn Bullish again.
What caused this huge spike?
Aussie unemployment news! The news was not bad, rather neutral / good.
My guess is that this huge drop is all bank manipulation.
Stay safe
Why most BTC long-term charts is WRONGHey all! Welcome to this short but interesting BTC long term analysis. I see a lot of people literally PANICKING atm. because of the break of our current long term log-trend. What people might not realise is that these types of trends is NOT working well with BTC over the long term. Just look at the chart. Over the last 8-9 years we've had 3 long term logarithmic trends, which all have been failing. Even though we broke through the trend back at $5, did it matter? We did eventually go to 19k.
Seriously speaking, people need to relax and just go with the flow. These market cycles happens all the time in different markets, so it's clear it's many "new" people in here which have never ever been in a bear-market. We have not yet found and tested the trend I got in this chart, which I personally got more faith in;
BLX got the most BTC history from back at $0,05 showing all the cycles and big-trends. They've all failed, but we are still not at $5, are we? See for yourself
Agree? Hit the +1!
Stampeding panic in the cryptosphere - not unexpected.Well.. well, unless one is Rip-van-Winkle, it shouldn't be news that everybody is stampeding out of cryptos. Thankfully I made no predictions on Bitcoin or any crypto going north. There were indications of a probably pump north a couple weeks ago (and for every probability in one direction I said there is a probability in the opposite). So now we're into dump mode. In fact I entirely expected a dump based on the technical picture some time ago in another screencast.
In this screencast I go into the unthinkable, as a systematic probability - which most will see as highly remote. Well, that is exactly what systematic risk is about.
Bitcoin investors may wish to explore the concept of 'counter-party' risk, arising from a world global financial crisis (if it happens - no predictions).
So what next. There are three main possibilities (obviously).
1. Stay out.
2. Short it
3. Go long on it.
The choice is yours. No advice from me. Sorry if I disappoint.
EOS Crash not over yet!! Another 45% to go!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
EOS in free-fall !!
BITFINEX:EOSUSD is down by more then 83% this year!!. We are looking for another significant drop to the @2 level, thats another 45% wow!
From my experience stay on the sidelines.
Follow your Trading plan, remained disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Update idea
Houston, we have a pb?Based on my Analysis: How impressive the bears are for embarking a lot of people in their coup. My last resistance barrier is at 3838 USD. But I see already a resistance above that.
The bears are so strong, The price has already breached it a bit but it didn't fully rushed through yet .
The price is about to slow down. We have a good pattern seen in the S4W/MirrorStop indicator. Normally lines should always cross each other. But as we can see, the red rebounded and it didn't cross yet. That's a good scenario telling the price is about to go up. And if a second rebound happens, before crossing, we will enter into a reverse scenario that made the price falls from 6400 USD to here (price will significantly go up). At least there is a climb to occur, but bears are still in charge , for now.
The up move will occur only after the the S4W/MirrorStop line will cross again. So we are still far from it to occur. That still give a change for a new rebound before crossing. That would be really nice.
I think the price will slow down anyway very soon. I'm not afraid of the current fall. I would say there is 70% chance, that horizontal line I've draw near the price will be a resistance level. We have a mark about this in the S4W/Normalizer. If horizontal line is cross, the price will really slow down its fall.if the value goes up it's interesting though. At least, it will flatten, at best, it will make the price rising up
Remember all the horizontal lines I've drawn on my last ideas. They are still here and play important role of support/resistance...
PS: Don't take my words for granted. Analyze, re-analyze, then trade at your own risks.
PS2: If you like this analyze, please click the LIKE button. FOLLOW me also to get my latest ideas. Thank you very much.
EURSEK - market is getting hysterical about the Swedish electionSEK is in free fall, divergence from 200d EMA is 11% !
EURSEK reached 9-year highs
Sept 9. election may result in a deadlock -> anti-establishment party might advance
Action:
I will wait to see even more blood and eventually look for entry setup to short EURSEK .
Good chance to ride waves of retracement!? HUGE momentum abuse! Hey tradomancias,
I bet no one out here did not see that huge sell-off on friday.
Congrats to all of you who participated or is swinging this asset.
We just see a huge momentum without any resistance in the way but some profit-safes that day shown by the doji of the last D1-Candle.
What will happen? We don`t know, but I guess we can assume that nobody is willing to buy at this point.
There is two scenarios that I could imagine:
1. We build a flag, consolidate and continue the joruney to the moon.
2. (my favourite)
We see profit-safes whose movements will trigger tight placed stop-loss-levels close the the current price or the next fibonacci-retracement. We`ll probably see a domino-effect causing the market to drop down to the recent resistance-level / fibonacci-levels.
Why am I saying that?
As a bull and TA, it`s pretty hard to find a decent stop-loss at this point. There is no confirmed support-level close to the current price which offers good prices to place your stop-loss unless you are ready to lose a lot profit you`ve made with this crazy momentum. Either you take the risk to loose a lot of profit or you just place a random stop-loss close the current price. As a predator waiting for a good chance to follow that momentum you might wait right now. The prey is faaaaaar away and it`s way to risky to engage at this point. So you`ll probably wait until the market relaxes/consolidates or drops down to a confirmed support level that "guarantees" safity as a part of your strategie.
Otherwise you just gamble...
Good chance to sell? SL at ATH? Might be worth a try.
My experience: The market totally overreacts with emotions and had two days to overthink all decisions it has made. I expect the market to drop and safe profits a bit until we find new bulls buying at decenbt price-levels.
Or news/ fundamental information will destroy my idea! =)
Cheers and good trades my friends =)
Bitcoin Disbelief! BTC decision state, not going to hit 6800$.Bitcoin had a ruff ride over the last week, dropping down with low Volume over the weekend. At the same time the greatest News of the Year (ICE,NYSE) got published... This is a calculated Whale play, making everybody uncomfortable with fear of BTC breaking 5800$ Support and going lower.
Keep in Mind that this whole price move got established on low Volume on the Weekend. If BTC is to break 6800$ I would expect full panic. If BTC is to break 7500$ I would expect full FOMO.
One More Drop - Bitcoin Panic ZoneBitcoin price is going down for the past 6 months and still is.
The price zone between 5,000$ - 6,000$ considered as a safe zone in regards to mining costs,
below this price zone mining Bitcoin in most of the countries considered to be not profitable.
Having said that, the longer the Bitcoin traded at the 6,000$ price,
More and more news about Bitcoin mining and the cost of it started to pop up,
and it seems like the media is preparing us for another price drop.
All of a sudden the cost of mining Bitcoin was overestimated...
I am getting myself ready for the last drop,
The panic drop.
A drop that will confuse many will wipe many more and will cause panic.
My strategy is simple:
My Trade Size = X
I Buy Half X at 4,900$ (Bitfinex)
I Buy The Second Half at 4,500$ (Bitfinex)
My Stop Loss = X
Concern over coming dropMy last post showed the current 1day RSI divergence. Thought I would take a look at historical data on similar situations, as divergence doesn't always lead to expected changes. However in doing so I was surprised to find only one. It occurred at the end of 2017 and we all know the outcome of that. The StochRSI also has similarities. I am thus in a mild panic that 0.5 pull back is too small and a larger drop is imminent.
THe support is pretty strong going all the way back to November so I hope it holds.
I would appreciate comments calming me down and agreeing the ~8350 support will be strong enough to hold it. Thanks.
BTC/USDT Volume Analysis Prediction 3/08/2018Hi, friends.
After yesterday falling, BTC is in mini-consolidation just above the level 9400.
Look at the huge vertical volume. Cluster volumes indicates that it was the fixation of the positions (closing). take.ms
And fundamental news confirmed this.
In summary, what to expect now?
Bearish momentum is still in play. If the price breaks down 9400 we will see a fall wave to 9000 or even to 8350. You can try to buy BTC intraday with a short target after break out 10100 (when a mini balance breaks out).
For continue growth (mid-term) the price should break out @POC of February 10690-10700.
Glossary of terms
Point of Control (P O C) – The price level for the time period with the highest traded volume .
Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
Balance - Accumulation Area.
F L - flat level.
T L - trend level.
Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.
BTC, The moon is in the well.Have you ever read the story about the fox, the wolf and the moon?
It was written by La Fontaine. To sum things up, the wolf wanted to reach the moon but an optical illusion made him chase it down a well...where he drawned.
This tale is both simple to understand and actual since people are still trying to chase a "moon" that could definitely hurt them.
Aside from that, the analysis shows a bear market. No news in that. The 8k support level I identified on Jan 17th (see related ideas) still holds, with a second support at around 5500$ in case the first one is broken with supporting volumes.
Notice the "death cross" on the 12,26 MACD...this fall is not supposed to stop soon.
The entire Bitcoin cycle is definitely into the "fear/capitulation" phase. No wonder things escalated pretty quickly.
Best trade here is no trade and keep liquidity.
As usual this is not a trading advice, merely my idea.
Stay safe out there!
GLOBAL Bitcoin trend. Let's take a step back.Let's have a look at GLOBAL Bitcoin trend.
Bitcoin has been rythmed by bubbles. As you can see we are in the end of the third bubble. What does it mean? During the previous bubbles, Bitcoin lost between 70-90% from its ATH. A new cycle begin each time that bitcoin is facing the global trend line and a new uptrend with expanse of 1000%.
The point is that third bubble is certainly over, and we can expect a downtrend movement until the global trend. New ATH was 20.000 usd, so it can drop until 6000 to 2000.
Let's have a look at bubble scheme.
Each time the same pattern. Last big bull run during the last few weeks, then big drop, dead cat bounce and correction until trend line. It will be a perfect re-entry point, for growth with more than 1000%.
Concerning altcoins, we speak about Bitcoin bubble, but in fact, we could speak of CRYPTOCURRENCY bubble. Indeed the major altcoins follows Bitcoin and in longterm have more or less the same % of growth. However, you could think the situation is different this time, because some coins have more potential than Bitcoin, but in the fact ALL the coins are related to Bitcoin, and their dependance are really strong. So I don't think that a coin will increase during the bubble explosion.
It's important to be precise, and bubble doesn't mean, the end of Bitcoin of cryptocurrencies. The market has known huge growth for several years, and because it's promising and new tech, it will continue to growth during several years.
Finally, I would say, that it's just an opinion, and I can be wrong. Bitcoin could continue to growth instead of falling to trend line. It could also break the main trend line because it's a bit outdated. But as trader we make plan, and chose the most probable, and in this case, the most probable is correction till global trend line.
I know this idea is not relevant for day trade, but it's important to show that Bitcoin and the alts still have a beautiful futur.
GIVE ME YOUR OPINION!I would appreciate it!
$EDG panic sell will recover quickEDG news today turned into a panic sell because of the License delay, nothing to worry about because it's coming.
Best time to buy, to me it's a non-risk buy, bounce at the trend line
Feel free and wait for bouce
Get ready for the rocket :)Many people did panic but now it's time to stop being anxious and start investing again. I totally recommend you to rebuy BTC's and wait for a new ALL-TIME-HIGH to appear!
And for the future:
Please don't panic when mad guys try to do something against Cryptocurrency's - it's a good sign to see those people getting anxious and nervous about those currency's and the best they can't stop it the only thing they can do is to make us panic so please don't make their wish (destroy all crypto's) come true :)