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BTCGBP

What if this is the top for Bitcoin.This is not a prediction, I'm just sharing my two-cents. First of all, please don't get me wrong, I love Bitcoin and also the idea of decentralization. What worries me is there are too many people who don't really understand how Bitcoin and blockchain works, they are just in this market for a quick money grab. I personally don't like holding a time bomb that could drop 50% at any time. Trading has taught me a lot especially risk reward. Let's say it keeps going up and reach 22000 from current price (18920USD), it's just 15%. risking 50% to gain 15% is even worse than playing in a casino. I have to be more cautious than ever investing in altcoins because everything follows the king which is Bitcoin. Anything could happen in a market, what we can do is to protect our capital, limit the down risk and gain as much as we can. Again, trading and investing is not just a 'buy low sell high' game, if you have learnt how to analyze things by thinking about the risk reward ratio, trust me, you will become better on anything you do in your life.
BITSTAMP:BTCUSD
by JoE
7
Even gravity don't apply to Bitcoin? I just don't buy the story.Hello everyone, this is JoE. I'm going to short this real hard, 3 red boxes are targets I'm aiming for. BUT, don't get me wrong, I'm bullish on Bitcoin but this has gone way too far from what I expect it to be. People are overtrading with margin, investing with borrowed money, some people will die on this one for sure. I am going to short this,but don't even try to charge me with immorality, I'm risking my own money shorting on a fair free market. Remember, the best time for traders is right after the stairway up, we ride the elevator down. (entering short position gradually as long momentum fades.) *THIS IS NOT INVESTMENT ADVICE, YOU ARE RESPONSIBLE FOR YOUR OWN TRADE.
BITFINEX:BTCUSDShort
by JoE
2
BTC final push for 2017There doesn't seem to be anything stopping BTC as we progress further into December. With the launch of futures trading I predict this will push BTC towards to the £10k mark at which point the volatility of BTC might start to diminish and we could see our first correction down to the 0.618 FIB or 0.5 FIB (£7.3k and £6.4k respectively). Anything sub £5k i'm all in :-D Heading into 2018 it would be great to see the price stabilise at this level for a period of time to let the ALTs have their time.
Long
by lstuart
Bitcoin 'history repeats', will 40% drop theory work again?We have experienced 40% drop twice, the first one took 36 bars, the second one took almost half that due to China Banning Bitcoin news and Jimie Dimon's comment which obviously is abnormal and technically we should apply some adjustment on that. As of now I am assuming that we will see the price plummets to 4400~4700 range with correctional Elliot wave ABC count. RSIs are sky high across higher time frames and we just saw 'shooting star' candle stick on 4H chart, only market will tell but since I've nailed it last time, I'm pretty confident on this one.
BITSTAMP:BTCUSDShort
by JoE
20