Bitcoin Cash - The Dragon is Awake
Updated
(Verbose write up and structure on Yours.org (in my signature))
Welcome to the future, friends. So many people, all these months, have said this would never happen. Mostly, they said this during times of Bitcoin Legacy pumping. In reality, people do not care about Tether, transaction fees, confirmation times, who Blockstream is, who their backers are, wash trading, or the nature of the ultimate ending of the banks behind Core, Lightning Network.
People care about one thing, which casino token they can ride to make money on. All of their profits are eliminated during correction and the ensuing bear market, and they lose all the money in their accounts, but they couldn’t care less along the way.
Why? Because most people are simply gambling and chasing a get rich quick scheme.
Investors have made nearly 1000% since November 1. Gamblers have likely lost money.
You can decide for yourself whether you want to listen to trolls, shills, and charlatans, or if you want to find better sources of information.
The definition of insanity is doing the same thing over and over again.
Right now, mining profitability has stabilized to equality after being heavily in BTC’s favour for the last few weeks, Bitcoin Cash has been released on Coinbase, and fees and transaction times are absolutely suffocating the Bitcoin Legacy chain.
Shoutouts to everyone over the last month or two who have been following my posts while I made the $3,400 call when everyone said I was retarded.
I also made a $5,500 call at the same time.
We'll see.
What's up and where are we going? Check out my Yours.org post (in my signature) for a verbose write up and optional trade structure.
Post will have:
Trade structure, strats, stops, and targets
Bitcoin Cash futures market
A possible black swan on the horizon
Multiple updates and strategies as price progresses.
==
Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
dafoh.org/petition-to-the-united-nations
Welcome to the future, friends. So many people, all these months, have said this would never happen. Mostly, they said this during times of Bitcoin Legacy pumping. In reality, people do not care about Tether, transaction fees, confirmation times, who Blockstream is, who their backers are, wash trading, or the nature of the ultimate ending of the banks behind Core, Lightning Network.
People care about one thing, which casino token they can ride to make money on. All of their profits are eliminated during correction and the ensuing bear market, and they lose all the money in their accounts, but they couldn’t care less along the way.
Why? Because most people are simply gambling and chasing a get rich quick scheme.
Investors have made nearly 1000% since November 1. Gamblers have likely lost money.
You can decide for yourself whether you want to listen to trolls, shills, and charlatans, or if you want to find better sources of information.
The definition of insanity is doing the same thing over and over again.
Right now, mining profitability has stabilized to equality after being heavily in BTC’s favour for the last few weeks, Bitcoin Cash has been released on Coinbase, and fees and transaction times are absolutely suffocating the Bitcoin Legacy chain.
Shoutouts to everyone over the last month or two who have been following my posts while I made the $3,400 call when everyone said I was retarded.
I also made a $5,500 call at the same time.
We'll see.
What's up and where are we going? Check out my Yours.org post (in my signature) for a verbose write up and optional trade structure.
Post will have:
Trade structure, strats, stops, and targets
Bitcoin Cash futures market
A possible black swan on the horizon
Multiple updates and strategies as price progresses.
==
Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
dafoh.org/petition-to-the-united-nations
Note
Trade post now live on Yours.orgThis is looking like a nice bullish flag pattern. Let's see what happens.
Note
New update to Yours.org trading post. 2 hours or so before Coinbase re-opens Bitcoin Cash trading. Breakout looking good. You're most definitely in profit if you're following the trade structure.
Happy mooning!
Note
$4,000 inc.
Note
Bitcoin Cash is legitimately trading for $4,900 on Bithumb. Coinbase opens in 30 minutes.
Looks like another run. New update to my Yours.org post.
Note
For Yours.org readers, we're looking for a 1H candle to close above the target in the post first before re-entry with the 50% of our position that we took profit with. Bitcoin Cash is $4,000 and it's not finished.
Where are the shills and trolls now?
Note
New update to Yours.org trade post in preparation of GDAX coming out of post-only. Not sure when it will happen, but expect fear and greed to be played in harmony.
Hint: They're playing fear right now.
Note
GDAX opening Bitcoin Cash trading in like 3 minutes, they just Tweeted. twitter.com/GDAX/status/943554739463004162
Don't be afraid of walls.
Note
Told you not to be afraid of walls.Note
GDAX now live. New update to Yours.org trade thread (in my signature). Nothing surprising about this. First time any coin is listed on an exchange the price is relatively manic.
Remember Litecoin? That was all Coinbase.
Note
Further to the Yours post, key support area/add area is going to be in this box. Don't be afraid of anything. Selling pressure is going to happen. If you think about it, a large player isn't going to take his stack he just got on Coinbase and start market selling.
It's most certainly an attempt to drive down price. Often times, but not always, that's for the purposes of larger players buying cheaper.
Note
Price bounced exactly in the bounce area above. New update to Yours.org trading post. We now have a continuation pattern. Let's see what happens.
Note
New update to Yours.org trading post. Looks like we had a falling wedge over night and things may be looking to bounce and break upwards. $4,000 is the key area that has to be regained and broken through.
Note
New update on Yours.org That's one pattern. There's two others in the post. Ultimately, I do expect a bounce. That being said, BCH is showing some bearish choppiness. This will pass, as it always does, but there may be some sideways consolidation.
Stops and thoughts on risk are in the thread. Stay calm.
Note
It looks like all markets are correcting together. Whales tend to do this commonly as the money that went into alts starts to come out of it amidst market sell offs.
Long trades should now be closed/stopped as we wait for the storm to end.
Trade closed: target reached
This is a key level that has to be held, although it does look like all markets will continue to dump. When the storm is over, things will go back to normal, at least for now. That being said, we need a big bounce to show up here in the $2,800 range. Or at least a rejection of a dip below the prior high followed by consolidation.
Note
Coinbase does now have Bitcoin Cash buys and sells enabled apparently. Trading was just on GDAX before and retail couldn't buy. twitter.com/Egon_01/status/943914392839688192
We'll see what the market does.
Note
Okay. The market has not continued to crash. This is great news. We may have an opportunity to enter long trades for a move back to $4,000 and beyondNote
Sigh, TradingView. We need a one hour candle to close *above* the 382 fib first, but if we get that, we should at least have a re-test of the 618 at $3,450.
Will update the Yours.org trade thread if these conditions are met.
Note
New update to the Yours.org thread. We do have opportunities to play a long trade here. Specifics are discussed in the thread.
Note
Look where it bounced. Patience is required.
Note
Bitcoin is bringing all markets down with it again, from the looks of things. Fun. Long trades now must be stopped out until a sufficient bounce emerges.
Note
This is the area we are looking for bounces in as the prior $2,800 range does not seem likely to hold. We can thank the Mount Finex Tether bots and friends for the drop across all markets as BTC was nuked $1,000 in about 15 minutes.
Note
Ripple pumps just like IOTA did. Mount Finex XRPUSD pair (Tether) leads the charge. At least XRP isn't a shitcoin like IOTA.
Note
Friends, Don't panic and sell your position amidst calamity.
That is capitulation.
This is why I keep telling you you need a core position and a much, much smaller trading position.
I haven't sold a single BCH yet and I am not afraid.
Stay calm. If you need to sell, sell on the next bounce.
Note
If you're ever wondering why my targets are conservative and stops happen a lot, it's for exactly this reason. Better to stop out a $300 loss than get blown away for a $2,000 loss.
Preserving your money is the most important thing.
Note
^
That is why I say please be calm amidst tribulation.
Note
Whether we like it or not the crypto bull run is now over. Price action has told us that. From here in the bubble pop pattern is a return to the mean and a bull trap. If you're Canadian and need a fiat offramp then check out nTrust. I wrote a guide on it here.
yours.org/content/ntrust---bitcoin-cash-and-bitcoin-legacy-for-canadians-e3535dae140b
Use code "nei72" when you sign up for a bonus.
Stay calm, still.
Note
Shorter time frames are your enemy. Longer time frames are your friend.
Fear of missing out will kill you. Bull bias will kill you.
I'll have a new post in a while. Have to go do irl things first and then need a few hours to prepare it.
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