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Another bull market trap? Bear market swing?Are we going to see a repeat of this years false gains? Remember than back a few months ago when Bitcoin started gaining in price, there was the thought that the bear market was over and the bull run started. Eagerly, lots of novice investors started dumping money to catch the "wave" only to get slaughtered with a straight drop. These are called Bear Market Swings. Is this another one? Absolutely. Is there any concrete evidence to point that Bitcoin has any reason (aside from hype) that it should continue upward? No. Here is a list of facts about crypto and bitcoin, people seemly forget: - It's expensive to send, and its slow. - It can lose 100% of its value in 1-minute, there are no safe guards or "circuit breakers". - It is not anonymous since all exchanges require extensive identification checks. - Its not finite, it can fork 1,000,000 times. Bitcoin is worthless, it has no intrinsic value. - It requires HUGE amounts of electricity to mine and transfer. But here is the absolute truth about crypto/bitcoin: The the only reason people even buy that worthless "asset", is because "investors" aka day-traders want more FIAT, amazing isn't it? You see, the hold argument falls flat on its face about "fiat is bad" when gaining more fiat is the entire goal of crypto trading. The problem is fiat right? Yet that's the VERY thing you want more of with Bitcoin. No one is rich in bitcoin, because there is no value to bitcoin. Bitcoin is a money grab, its worthless, with ZERO stability. By the time someone gets paid in BTC, it may have lost 20%. Idiotic "asset" to invest in. Also to clear it up, Bitcoin is NOT an asset, an asset is defined as "a useful or valuable thing, person, or quality" of which Bitcoin or crypto is neither of.
COINBASE:BTCUSDShort
by WorldEconomics
2
XBT / USD (short idea afrer recent cup n handle breakout of 4XXXThis chart is posted after recent breakout as i had originally planed to short it before the breakout and was going to enter a trade when i got home, but too much time has passsed and the trade has moved beyond the current trading range. Nonetheless i want to show what i was planning to do on the short side of the trade pre breakout. 1. Price hit local resistance at 4042 2. second and third volume candles post spike had significant bearish voume suggesting failed breakout 3,. placed short with tight stop loss @ 4150 4. Target of trade was just above next local support @ 3932 5. Trade entered @ 4021 (short) 6. Expecting price to hit local resistance of around 3929 due to cup formation was expecting a handle pullback to said price range before next price rise 7. When price hit local support i was goign to cash in my shorts and swap for longs with another tight stop loss based on technical analysis 8. R/R 1.45 9. price dropped to a min of 3960 meaning a max gain of 1.47% if you covered your short at 3960 from 4021
BITMEX:BTCUSD.PShort
by Bankroll_Wizardry
BITCOIN : MOMENT OF TRUTH ! Hello everybody. Let me keep it simple, fast, concise and tell you why the next 3 days are going to be crucial for BTC's medium term future : We have been making a strong bounce from BTC's lifeline support just under 6000. Since then, we have had a pretty decent reversal until now. Alts have been raving ! Although, we've been capped at around 7130 so far, making a little bearish divergence on the 1hr to 4hr in the process (Very tiny orange lines on chart and RSI). We should now correct at least, reverse at most. But the fact that we have both Weekly and Monthly closure in the 3 coming days make it crucial for BTC's future. Here's why: IF we retrace towards the green box and the green dotted line (we most probably will), which is a mix of different Fibonacci retracements + Weekly Heikin Ashi Opening, we STOP there, and go back up, we will be making a strong hidden bullish divergence on all timeframes from 1hr to daily. This is a very bullish signal. What's more ? We will be closing a weekly Heikin Ashi in green. It is also an extremely bullish signal. I would take serious long positions if we close weekly above 6640 and start to go back up. Now, if we do not stop at 6640, there is huge chances that the rally is over and that we will be retesting 6000, most probably heading to 5500. I will open a big short position if we break 6600. Trade safe guys, watch closely the next few days action. Don't forget to do your own research, have an open mind, and don't blindly listen strangers on the internet !
BITFINEX:BTCUSD
by Its_Gui
13
selby_exchange - BTCUSD -Timing the Bottom of 2018 Final ChapterWell the $5686 I have been calling for months here on TV is based off of trendlines using extrapolation from the very peak of $19k. when I first started charting 5mo. ago. The pattern showed that once we hit the specific $5686 or below on the 1day chart on GDAX (now Coinbase Pro) we will be open to new ATH's. It's like the pattern needed to hit that low before BTC could go parabolic like it did back at the end of 2017 Why? IDK yet and am working on refining and improving this new system of TA. I think in time as I learn more, this system of extrapolation based on linear regression technical analysis success rate will improve. selby_exchange Finding creative patterns in charts on Tradingview! Not advice for investing lol, but I am one to watch ;) Rebellion=Change=Future "extrapolator". By definition in Mathematics it is to estimate (a value of a variable outside a known range) from values within a known range by assuming that the estimated value follows logically from the known values. PEACE
COINBASE:BTCUSDShort
by selby_exchange
1
selby_exchange - BTCUSD - Timing the Bottom of 2018Humanity Love Inclusion Autonomy Respect Opportunity Truth Veganism Singularity Coming from here: So we are here, indicators are so oversold its scary... And, we are travelling here :) things are looking up 4sure! selby_exchange Finding creative patterns in charts on Tradingview! Not advice for investing lol, but I am one to watch ;) p.s. if this call works out to be the bottom of 2018 and we do go Bull, you are witnessing a change in the guard on planet earth. Humans will prevail and enjoy the special 9 'Values' listed above. Rebellion=Change=Future
COINBASE:BTCUSDLong
by selby_exchange
34
BTCUSD From Aug 2013 until 2017 Fib give 88.60% Support at $3200Well You see the Very low Support Level was at 88.60% on this chart. If you have noticed that this price action is the same as we are in right now. I have posted also the chart from november 2017 until now in my TV so look at both charts and you will see identical price movement in both chart. First the Highest bar and then the first low after the High it stops at 61.80% fibo level. Also the waves after the first are identical. So if we go through the whole fase than our support will be at 88.60% level! on the latest chart from BTC that i have posted you can see that this level is around $ 3200
BITFINEX:BTCUSD
by Kurd0w
2
When will bitcoin crash to 6k or pump to 10k? | PREDICTIONThe idea is simple – we will test 7k very soon and from there, we will pump upwards in a small, slender channel up until we collide with the blue line. The blue line represents downwards trend, that's started in march. At this point, we will go down to test 6k (80% chance) or go up to test 10k (20% chance). If you are looking for the date, when you will have to start to check the charts each hour – around 13 of July. Good luck everyone! And please remember, that „He who fights too long against bears, becomes a bear himself...“ So don't be bullish all the time, if you want another bull run this year.
BITFINEX:BTCUSDShort
by UnitedFreedomJapan
1