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Xbtusdt

Am i very bearish ? Hi traders, Last 1k dump really made me sick and bearish. I counted correction waves of 2014 crash and i see a lot of similarities within current btc crash waves. My suggestion that we are currently in C wave of ABC correction. I thing my wave count for 2014 crash is OK. The ratios of waves to each other are almost ideal. And similar wave count and pattern is seen in 2018 crash. A and B waves of ABC correction have already occurred and now we are in C wave. Crash in may would be start of impulse subwave 1 of C wave (blue waves), and crash at the beginning of august would be starting point of impulse subwave 3 of C wave. Current crash probably started another impulsive subwave 3 (yellow waves) within impulse subwave 3 of C wave. To cut short, if this purely bearish counting is working, dip is at 2.5k region, and this would be true bottom of triangle. If the bull comes, if it really comes, it might come up if it breaks this huge triangle up.
BITFINEX:BTCUSDLong
by mk_ayar
definitely NOT a good timing to long For big whale to earn money, the easiest way is to destroy the market and make the long position all rekt . I don’t think it’s a good idea to long for now. Because what normal people think about that extremely low rsi? They will probably think its the bottom and make a long position. But think like a big whale, if most people believe it’s a bottom , and most of them long at these area. Then Isn’t this another huge chance for big whale to make money? YES , probably whales will drop the market again, and they will make those people who longed getting rekt again, to accumulate at a far lower range. So guys, it’s a very risky time to hold position. Remember if you want to have position you need to have strictly having enough reasons and confirmations.
BITMEX:XBT
by yoppy119
Place your bets gents because BTC is preparing for a huge move BTC is preparing for a big move, probably 50%, it could be even more if it chooses to go up. If you look at the volatility chart you will notice that every time volatility was so low on the 3d chart BTC made a move of at least 42% and in a few days BTC will have to choose a direction because we are getting very close to the apex of the small triangle and the break from the small triangle should be strong enough to cause the break from the big one. On the upside there is a lot of resistance, we have to break all of the 0.65s that sent us down and the SMA200 which is at the resistance of the big descending triangle. Things are about to get very interesting. We favor the the break to the downside but we are also prepared for the scenario in which it breaks to the upside.
BITFINEX:BTCUSD
by JohnNMex
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