Bitcoin vs. Gold. "Ultimate Bubble" face off! + Soros Indicator!Who wins? Bitcoin is definitely the prettier of the two xD
Some info:
George Soros famously called gold the ultimate bubble in 2010 due to declining interest rates which he felt would lead to the formation of asset bubbles ( link ), however didn't stop him from buying, first in 2010 ( link ) before the bubble burst and then later in 2016 ( link ).
He sold off his gold after it peaked in 2012 ( link ) and then reacquired after it found a bottom in 2016.
Soros also bet ON Bitcoin in 2017 by acquiring shares in Overstock in Q4 which he subsequently sold in Q1 2018, after the market peaked.
Look at the charts. What do you think?
Are gold and Bitcoin similar bubbles? Is the Soros Indicator reliable?
Bubble
BTC Bubble ChartThis chart is just for fun. Unless you are a Bull of course.
I have applied the stages of a bubble from here: transportgeography.org - This is a worst case scenario for BTC.
I used fibs from the bottom at $162 to the top of the bull run at $19,900 to work out rough prices for the stages.
BTC: One can still hope and dreamThis is a quick fractal analysis on the first 2013 bubble.
It is not to show that I believe that we'll get another rally this year, it could happen, however, I am not sure if this will be a repeat of 2013 or a repeat of the 2014-2015 bearmarket.
This is just to show what it will take to get another rally. It can be clearly seen that 130 USD was a very important key level in 2013. Once it was surpassed, the next rally unfolded with overwhelming force.
I think that this year will be similar. Our line is at 11500-12000. If we manage to break above 12000, I think we might have a good chance for a rally. If it doesn't manage to get above, I see a repeat of 2014-2015 likely.
One thing is certain, BTC will soon have to decide: Rally time or bear-time? It won't be too long now until we'll know :) One should be prepared either way. Never hope for anything with bitcoin, because it can be brutal if you do
and the opposite of what you wish for comes to pass.
BTC the biggiest bubble in human history from 0 to 20K USD ?Welcome my dear followers, traders, investors & newcomers I wish you all nice and successful day
I´m recieving lot of questions daily aiming on Bitcoin bubble - Bitcoin dead - Bubble popped - 2014 Downtrend fractal etc.
So I would like to make it clear from my view in this post
Lets be honest we don´t have a crystal ball so we can´t exactly predict future, but based on history technicals, current trend sentiment & fundamentals we can follow the data and see whats going on
I see people screaming "Bitcorn ded" everyday but did the bubble really popped allready ?
In my opinion Bitcoin is one of the greatest bubbles in human history which may never popp. It is awesome phonenix with crazy reborns & huge volatility
Well I´m not the best talker and my english is bad so lets skip right on the technical view of the bubble
Bitcoin is on its way up last 2 years doing higher lows and I will try to make it as simple as possible
If Bitcoin will not make lower low on its way like Cisco did then we can´t talk abou bubble yet !
We can talk about bubble popp once the BTC will make lower low which means BTC under 6,5K USD again :)
Bitcoin 2014 fractal - Checks out- 2014 break through log resistance inspired confidence in the market, good news (Dell announces support of Bitcoin, Overstock.com)
- 2018 break through log resistance inspires confidence
-Support line at $8400 based on initial correction after the move through the resistance line in 2014
Trade Idea:
Buy at $8400
Sell at $8970
Long on EOS/BTC, best mid-long term investment in the market.EOS is still in its ICO phase and its marketcap is top5; on top of that the project is solid, and its been on a year-long ICO, which means it's probably the most DECENTRALIZED cryptocurrency out there, unlike those PRIVATE and then PUBLIC ICO's. It's lately showing signs of trading irrelevant of market ups and downs, and sometimes even going against it. We recently had a speculative bubble taking EOS price to around $22, and also 0.0025 BTC. This FOMO rally was caused by smart money getting ready for EOS' release in June 2nd. Smart money is buying right now. I can't guarantee you that EOS/USD will surely moon, as the whole market could just crash/go down again if the bearmarket is reestablished for one final big red week/month. But I'm fairly sure that EOS/BTC and/or EOS/ETH and/or EOS/anyothercryptoavailiableformargintrading will absolutely fucking moon. So if you bet on EOS in relation to BTC (in other words, going LONG on EOS/BTC) you're very likely to get great profits at a very low risk.
Right at this moment EOS seems to be in a consolidation phase, cooling off of a FOMO-ride (aka mini-speculative bubble). Consolidation phases are usually marked by low volatility, and can be interpreted as "late distribution" and "early accumulation phases" in bear/bull market cycles, respectively.
Entry point:
Anything under 0.0019
Targets:
At least 0.005 by May 31st.
After EOS snapshot/mainnet is release, expect the price to tank. Close your longs slightly before the release or slightly after it and you should be good.
If the Cryptocurrency market continues on this uptrend, or consolidates near where we are, I expect EOS to be hitting at the very least a price of 40$. Very likely to hit 60$.
Boy in town bought physical bitcoins from eBay : THE BTC BUBBLE
Bubbles which always arise from actions of speculators end up bursting. Weather classic bull markets like railway mania, Mississippi mania, tech mania or the resent bull market of crypto fools end up being the biggest bear markets at last. Herd is blind. Herd don’t learn. Herd never learns from history.
History of economics is beautiful. In-fact the giant machine of money and economy is beautiful. The way it is designed, the way it makes fortunes and the way it ruins some seems amazing to me. Look at the game of money, currency and power behind world war 1. When I understood the money and currency behind world war 1 it blew my mind. Word war 1 is a perfect poof to statement “our economy is a machine and on each different situation happening now it works same like last time on similar type of situation that has already been happened”. Bitcoin bubble was nothing different, it was same as tulip mania, canal mania, tech bubble, housing bubble, Mississippi bubble etc.
People was so blind in this crypto mania that one of guy in my town I know wanted to buy bitcoin because it went from $400 to $17,000, he so blind like a typical speculator bought 5 physical bitcoins from eBay. He excited to tell me about his investment send me the picture of 5 metal coins which looks like gold with a cheap bitcoin logo on it. At that time, I was so sure that bitcoin is mother of all bubbles. Looking at other speculators comments on my posts where I stated that bitcoin was a bubble now make me feel proud and it’s a matter of time when bitcoin will reach below $1000. Since my parents pushed me into a university (even I think that university is waste of time and resources) I know many many and really many people who lost everything in this mania. Hell, even my professor lost money who on first day of class thought “The theory of supply and demand “. It seems very funny to me now.
Some bubbles we have in current economy are so big and when burst they will have so devastating effect on whole world that the whole money machine will come to a halt, I always wonder how common man with no financial knowledge will survives.
Will talk about this topic more in next post whenever I will feel to share my views. Thanks for your time.
Note to reader: I do not give advice to you to sell your bitcoins or buy more. Even the btc is a bubble no one can actually predict when it will actually burst ( get below $1000). This is market and it's hard to time. Who know bitcoin will rise more than 20k again to catch up more fishes in net and then it will finally burst. Only time will tell. For me however looking at people around me who speculated in it, it has burst beautifully, like expected.
BTC Death :: 1M Chart + Gann Fans + SaR = $1176 USD True ValueOh bubble, how tricky you can be!
Anyone notice this is what all crypto charts look like, if you zoom out to the beginning?
In my head, in a very general way.. since the big pop last summer I had determined the long-term sustainable value to be around $2k.
Super efficient & large mining pools require $8,600 price to break even. So, supply will grind to a halt soon.
CoinBase says if 8,300 doesn't come back a big sell off is imminent.
Bubbles.
Sorry everyone to burst yours. :(
Bitcoin : another long term viewIn my last idea I tried to superimpose the previous bubble's double peak - as this is popular "bull porn" and worth considering I thought. However, I couldn't quite shake the feeling that 20k is just as likely to be the top of the mysterious channel that we all stare as while configuring lambos.
To me, its a smidge more convincing than my previous idea, and the log curve in general is much more realistic that following a straight log channel to untold riches for all! As with my previous ideas, I think we may go down to 3k ish.
I just drew these curves in by hand,.. if anyone knows some proper maths, please point me in the right direction on how to use formulas in trading view to try and draw these curves!
All the best, good luck
Two possible BTC scenariosI know my charts aren't fancy. I don't like to draw fancy lines with different colors and overlay 200 indicators.
But this is a quick analysis of what I think is very probable now. Since most of the people are bearish now, I think a short squeeze up to the logarithmic resistance is pretty likely. Then the longer
triangle could play out. After that, we either resume the bulltrend to 100K, or we go into deeper bearmarket territory, with the lowest lows in 2019 at around 2K, with resuming the bulltrend at the halving 2020.
Be prepared either way :)
DOW bubble hard correctionThe DJI has completed its 10 year bubble 5 wave set and has broken its parabolic advance. Midterm corrections pointing toward 2015-16 tops. Comparing to the 2008 burst bubble the markets recovered due to quantitative easing which is no longer an option to artificially inflate the now global linked economy. If midterm target support cant hold we could see an actual depression with a market value loss of 75%
Bitcoin's price the following months - It's all going down.Bitcoin have ever since 2017 September, when the actual bullrun started, followed a certain pattern. This is a pattern of a bubble, and the closest resemble to the BTC chart we have is the dotcom bubble. If you compare them side by side you can see BTC is following the dotcom patten exactly alike. This makes us believe it will continue to do it, and if that's the case we will bounce back up hard when we hit 5.5k, because that means we are double bottoming the sell off in 2017 November.
So the targets are like these:
Target 1: 5.5k
then bounce up to
around 9k
then drop down to 3.3k
Give me your ideas.
BULLS MIGHT HATE ME FOR SAYING THISAlright Ladies and Gentlemen,
as expected, the bounce from 6.500 $ towards 7.400$ was nothing but just another bull trap.
We had decreasing Volume and an increasing price.
Nothing bullish about that to be quite honest with you.
There were multiple resistances at 7.400$ as you can see (Red downtrend channel).
Right now, we are moving under July's supportline.
A daily close below that one would be pretty bearish.
What do I think will happen in the near future?
I expect BTC to retest the 6.400$ level once again, probably breaking through towards 5.800$ / 5.500$ which proves to be a powerful support.
Once we've reached that level, there are 2 potential outcomes.
1. Given that the support won't hold, BTC might be going for a fast capitulation around 2,5k-3,6k.
2. In case we get a double bottom, BTC might bounce & retest December's resistance around 7.400$.
I would expect the attempted breakthrough to fail, causing a drop towards our capitulation price.
Even though I don't like it, I'm expecting scenario 2 to play out.
Let's see how it goes.
UPDATE BUBBLE IMPLODINGIt makes already 4 months that bubble is imploding and we are now approaching an important zone for the trend of BTC in next months.
This graph isn't a logaritchmic one but it doens't change anything. The first important thing to develop is that BTC is near the important zone that will determinate if it's going down or up. We just knew a bounce on the support and we can expect that it will touch the resistance (yellow).
It's also nice to see that the golden death cross (SMA 50 crossing SMA 200) didn't occure and moreover a divergence between the two courbes slowly appears.
If BTC breaks the resistance, it will give us a buying chance. If it brokes the resistance, we can expect more down.
This idea is valid for almost all the "big" cryptos. In fact, all are following more or less the same way.
Bitcoin - Please... not like last time!A slightly revised version of my previous idea (linked below). It goes to 2.8k :-( :-/ :-| :-)
Basically the same as my last idea, except I thought I would throw the 2016 channel in there. Strangely, the lower trendline of the channel matched my "low mean" almost exactly. Hmm.
I zoomed in on the 2014 decline from top and it's interesting to look at how the price was bouncing off the death ray initially as resistance, and then as support,.. but ultimately followed it all the way down, until the market was satisfied.
Peter Brandt tweeted today that most of the time parabolic advances end with an 80% loss when the parabola is violated, so he puts the low at under 4k somewhere.
The Bitcoin BubbleBitcoin was the most amazing bubble in known human history, starting off from essentially $0 and topping out at $20000 with everybody and their grandmother trying to find the geek of the family to find out how to buy Bitcoin in exchange for shepherd's pie.
Can you say.....REKT? :D
Bitcoin surged on news of Chicago Mercantile Exchange CME introducing cash settled Bitcoin Futures. I remember sitting in the car with my Ipad on BitMex watching the price surge several hundred dollars from $7000 seemingly in a few seconds. Bitcoin was the real deal, everyone was going to get a Lambo for their genius ALL IN strategy, and the governments we're gonna be overturned because of our rebellious, shiny new CRYPTOCURRENCY. We assumed Institutional money was about to start pouring in from all sides since we also assumed that CME adding futures meant that they ACCEPT BITCOIN. We thought we won, and the dollar was dead and Fiat was history.
Boy! were we wrong.
the price had continued to increase significantly during November. You could just open a long with a loose enough liquidation price on BitMex and buy a new car in a week. You trusted Bitcoin. IT WAS ALWAYS A BUY.
Everyone who HODLed from he early days was now a genius, Ethereum and Litecoin took off, ETH reached around $1400 and Chikun flew, to like $500. Which was a bit alarming, since I only entered this space about 3 years ago, and Ethereum was like $4 last I even remember and LTC I didn't even give a sh*t about.
In fact nobody did. Nobody even knew what Bitcoin was. EXCEPT FOR THOSE WHO DID.
Bitcoin was used on the darkweb for anonymous transactions for many years on onion domains like Silk Road and Alphabay. The public had a somewhat negative outlook towards Bitcoin.
AND THE NEXT THING YOU KNOW? It's 17k and now you look like an idiot for not buying any. Your first reaction? You get your credit card out. Buy all the Bitcoin you can, and sit on it. I mean....ITS GOING UP RIGHT?
It goes to $15000. You made the right descision. It goes to $16000, your ego goes 2x. It goes to $19500, you've become a walking, talking Bitcoin advertisement telling everyone and they're dog to "BUY BTC ASAP".
And they do.
It tops out at $20000. Next thing you know, it's falling thousands of dollars a week. We've been priced out because we didn't put a stop loss in. Some sold their houses. Some sold their car and bought a bicycle. WE BOUGHT BITCONNECT! We did pump and dumps. We bought shitcoins...we did it all. It was great. It was the biggest bubble in human history, and I'm proud that I could be a part of it.
Thanks for reading guys,
See you in the chat! :)
RaoulHayes