BTC to the MOON!Hey Guys,
To sum up the show, BTC will soon be at its new ATH.
Watch the new high as it should fall anywhere between $6150 to $6250. We should see some retracement from there on.
Sit back and enjoy the show!
Happy Trading :)
BTCJPY
Bitcoin Breaking News Short!Bull mania is over.
United we stop this liquidation frenzy.
Top 2 Bitcoin Bear trade to start now
(Best since 2010 may be who entered >$4900)
BITCOIN BEAR BULL wedge breakdown for granted? Downwards wicks?Bulls didnt win their red flag today again as it worked on sunday.
QUESTION/SURVEY:
1. Should bears care about these pump times? (no upward wicks, no red candles)
Especially the last one marked in green and yellow, downward wicks only, looks like the market was being completely controlled?
( 2. Else is the crash soon very likely? Can be breakdown from the yellow wedge)
Bitcoin above 6000 in 2017. PROVENSorry that you missed august 20.
But for once try right click on the scale "Y-axis" in my chart and select "LOG scale", please.
THIS reveals 6000 was nothing for BITCOIN. And check out how silly the bear pitchfork trend looks then4real. Cant even fit no lambo in there
Responding to bitcoin bulls. Everyone believes in reversal?
everyone believes in reversal? (/"consolidation /"echo )
More exponential moves are unlikely and bad/wrong.
Continuing the trend until 2018 would be impressive but also unlikely.
Yes social networks can grow exponentially but not this fast and then it would not reverse much at all.
investors already pay the price they expect in the future (several times more than the price it would have today without considering the future.)
Bitcoin usage per day :
blockchain.info
(=daily active users counting both, senders and receivers. Almost double the amount of transactions)
BITCOIN. Classic bull trap Setup. Know when you are lucky. Busted Rising Wedge.
We need to know when it is enough and when you are lucky already. That is If you want/need your profits you should take them.
The white arrow is all needed and what bears and big sellers have prepared for us to cure all bull mania.
HOW TO correctly understand today's bitcoin birdies Sep29 2017Oh these Bitcoin birdies....!
bitcoin story for practice / reading beginniers
1. Little green Bird is real as can be!!
But how to predict its flight route and make profit from it?
One thing is for sure: It is headed backwards in time.
It brings your dreams back to Sep1 and beyond.
2. The big red parrot or woodpecker is actually not real:
It is clockwork!
It looks like it is just going to hop down to the next best downtrend line.
But who knows - it could actually be a disguised bomb that will detonate some parts to 4320 or 4380 or whereever before gravity lets them down.
Short BTC, short term -Opened short at 3950, stop-loss 3990
BTC is up for a correction to the bottom trendline.
RSI looks like it peaked and we're only making lower highs from here.
This doesn't concern BTC on the long term, I will take profit around the resistances at ~3300 and open long around the trendline there.
After that wait for breakout confirmation when we get to the end of this movement.
Good luck! :)
Iterations of Bitcoin Banana!
I'm just drawing the expectations of people,
not suggesting
1. the starting last dead cat bounce since the trend broke several days ago.
nor
2. the bull trap / "back to the channel"
neither
3. a third iteration of bitcoin Banana which would just be an evil shakeout. Who dreams of rotten, moldy dust clouds?
(4h) Double bottom in formation above 200 MA
Double bottoms at 200 MA and eventual bullish trend continuation setup:
Eventual Bearish Bat;
IF 2nd target reacehd it ill forge the 2618 bullish setup, projections above the higher highs...
Of course, any close below the major double bottom will invalidate the idea.
At last but the most important:
we only validate a double top/bottom after a broken neck...
Safe Trades;
China banning bitcoin again, what do we do?Here's the simple setup for the current situation. China is still a major player in this field, if all Chinese exchanges gets shutdown will certainly bring further panic. Here I have 2 short ideas, both are low risk high return.
Cheers! HAPPY TRADING!
