Bubble
Could history be trying to send us a message? Based on 2013-2014 bubble evolution. I think we as a herd are the same. It doesnt matter how much we invested. We behave the same.
Now im not calling for any doom shot, but just in case we visit these lower levels, i will make sure i am ready. If i ever see that big capitulation volume, ill be the first to buy :)
Beware the biggest bubble of all times!Cringe. Btw people are comparing Bitcoin price to stocks indicators? Crypto whole market cap chart doesn't look the same...
Did you know gold started at 0, back in prehistoric times it was just a rock, a shiny rock sure, but not valued at 1350$ like now.
GOLD BIGGEST BUBBLE OF ALL TIMES.
This is so cringe, don't have much to add.
Price action critical pointWEED has been in a downfall since the bubble burst on pretty much every weed stock there is. Now it how made a consolidation pattern and is shortening its price range. In the coming days we will see where it breaks and what this will be able to tell us about possible future outcomes.
A lot of people think that bubbles are a bad thing. But they show that the interest of the general public has already peaked but historically, every bubble has been followed by another strong bull martket. This is a shortterm short and I will defenetly be going long on the marijuana industry in general when it bottoms out because post legalization run will be crazy.
Bitcoin SHORT - Bubble has popped and pit of despair incomingThe Bitcoin bubble is on a SIGNIFICANT down trend right now. The longs are starting to pick up and its a perfect chance for the whales to push this even further down. This is most likely a dead cat bounce. Look for entry around 3.2-4k for a revisit of previous All time highs. This is congruent with previous BTC bubbles. DYOR
Bounce backBTC took an L over the last month but might be time to bounce back.
While I still have no faith in the sustainability of the Bitcoin network I am sure the average Joe BTC buyer isn't concerned about hash rate and energy consumption/transaction.
Above the 200 for the 6 days after that 48 hour dip of despair.
With some small drops below the 200 to soon be eaten up well and above.
Expect to see some intermediate bullish movement unless broken the 200 for more than the previous 48 hours.
Buy stocks instead.
Shorting Bitcoin: the best decision nowHi, guys!
Situation looks like BTC will fall down soon. It`s the natural process of market. We should remember that BTC is not an exception and this time is not different from others because people are the same. We have a lot of negative news now and more ones should occur in the near future. Some might be breaking. Euphoria has ended. Now panic and fear are on the place.
I used the Elliott's Wave Principle to forecast the price of bitcoin. All information is on my chart.
Good luck,
Serhii
BTCUSD: A super scrappy chart of FUD and bubble popping mania??Hello everyone,
Before BTC retests to 20k and higher later this year, I think there's gunna be a dip back down to $5400 levels. Based my resistance levels off of previous dips, descending channels, and trend lines. Let me know what you think, and thanks for looking!
Personal disclaimer:
Don't take any of my published ideas as reality. Always make educated decisions before doing anything with your investments. Use my charts for educational purposes only. Trade at your own risk.
Stratis Bubble Chart ( Sucker Rally Ending )Just a quick idea regarding stratis, the most undervalued and technologically best blockchain company flying under the radar.
It made some great moves at the beginning of 2017, and reached an all time high against BTC.
I don't think people realise the potential of the STRATIS technology and the direction it's going.
During the first quater of 2018 STRAT wil be releasing a lot of good news, here is a small break down of what's to come.
- New Roadmap announced soon
- One of the best development teams in the crypto space
- First two flagship ICO projects launch (All funds raised converted in background to STRAT using changelly API)
- Smart Contracts in C# (Buildable, programmable)
- Sidechains for ICO deployment and scalability
- Azure ICO/Token one click deployment
- Marketing starts with successfully deployed ICOS (90 Million STRAT budget)
- Tumble bit Breeze wallet for anonymous bitcoin and STRAT mixing.
- Master nodes (STRAT is locked in for tumble bit mixing) price stablises sue to locked funds and ROI.
- STRAT team is attending multiple blockchain events throughout 2018
- STRAT is based in the financial centre of he world (London)
- STRAT offer BAAS (Blockchain as a service, consultancy for making blockchain easy for large institutions)
We can expect all this and more from the STRAT team in 2018. It's not hard to see how this can contribute to another STRAT bubble on the near future. How long this will take to pay off is not displayed accurately on the chart. However, technicals and company research suggests that this coin is definitely one to hold through 2018 and 2019.
Let me know your thoughts on this one.
C'est la vie.
Crypto Trading Method That Made Me A Millionaire* Use Crypto/Fiat Pairs only for this method *
Buying when a short term bubble busts in worthwhile cryptocurrency projects is how I became a millionaire. I'm gonna share a very basic method for doing this, with an example opportunity.
Look for a chart with the basic exponential rise, the "hockey stick up", the top of the bubble, which then finally crashes back down with a big sell off. This pattern happens repeatedly across Bitcoin 5.91% and also Alt-Coins.
When to buy? It's basically a spin off the %B indicator:
%B = (Price - Lower Band)/(Upper Band - Lower Band)
Instead of the "Lower Band" from the Bollinger Bands , we will use the the last lowest consolidation price, where prices were basically flat for an extended period (deemed as the 0%).
Instead of the "Upper Band" from the Bollinger Bands , we find the high of the bubble, after it has crashed (deemed as the 100%).
A great entry price for buying is anything <= the 30% level between these two prices.
So for Particl the "Upper Band" to use is roughly $50 and the "Lower Band" is roughly $9, the difference is $41. And 30% of $41 is $12.30; add that to the 0% level of $9, for roughly $21.30.
Therefore, you can be sure that anything lower than $21.30 is a great price. That's right now guys!
I think Particl is a worthwhile cryptocurrency project, well-funded, with a solid dev team. Also looks like we are on the cusp of this project's most important software development release, their long awaited decentralized marketplace which is focused on privacy. Buying in before software development releases is also a great trading method.
I try to get in at <= this 30% level price and hold through at least the next pump. Rinse and repeat.
Cheers!
A clear similarity with the 2013-2014 "bubble" fractalThis is logarithmic chart, and yes these are fibs.
The overlay is a segment from 25. Jul 2013 to 25. Jan 2014.
Charts are by nature fractal, so in a way history repeats itself and shows us that our minds work the same way and the patterns repeat.
This time around the scale is much grater, but proportions stay the same and this is the mark of a fractal.
The btc bubble might have popped, but how likely is it really?At first glance the btc chart looks just like the dotcom bubble chart but careful inspection reveals key differences.
One might argue that the real btc peak started at 8k instead of 12k but that just swaps height of the peak for duration.
Aside from the chart, exchanges are overflowing with new users.
Also, the dotcom bubble was trillions (in 2000 dollars) while the btc bubble is billions (in 2018 dollars).
The chart, coupled with these facts, leads me to believe that we are only in a correction and not in a popped bubble (though we could still go lower in this correction).
Perceived Affluence Bubble: Phase 1 - 21 months of growth resetDumped just in time. Sorry I didn't share with more people when I did.
"Don't look at the TradingView charts for Visa, Dow Jones, the S&P 500, etc. And don't compare it to the last two major crashes. This fine. Move along. Nothing to see. There's lots of money & future growth ahead. At least until August."
10:42 PM - 1 Feb 2018
twitter.com
If bubble history is any guide, fractals gonna fractal... to 16KWe just dropped ~60% from the recent 19K peak down to just past the 0.705 retrace. We kissed the 200MA in the process, having fallen through the 100MA. Look familiar?
News of government crackdowns and exchanges being hacked have turned the euphoric parabolic moon-bulls into panicked waterfall dumping bears. Yawn.
For those of us who lived and traded through 2013-2014, this is some serious Deja Vú. But we've heard it all before. Lots mainstream news buzz about lucky bitcoin millionaires and then "security concerns". A flood of new retail "investors" suddenly getting burned after buying the top because their cousin told to them over xmas. There's nothing "new" about any of this drama for us old-timers at all. Only thing that has changed is the scale (price, market). And that's where fractals are so useful, because they appear so similar on multiple scales.
Look at the two peak charts. Just look at them. We had one deep dump and a quick first bulltrap at 17.2K. Then a second series of selloffs that broke support on the 100MA and the 50% fib level.
We're about to rebound back up to that 50% fib and 100MA zone, and once the bulls come out of their bunkers and are convinced (thanks to some good news, maybe the senate hearings, who knows) that we're not just going straight to hell -- they'll rally hard up to 15-16K (the 0.236 fib). Don't forget there's a bunch of futures contracts yet to be settled, and those were bullish this round ;)
As for this last dump to 7900, the long vs. short positions on Bitfinex already show the sentiment has changed. We should end up hugging the 100MA up top as the bulls gradually run out of steam (more slowly this time), and then price fully slumping underneath the 200MA will be the final sign that we're heading into another looooong bear winter (with further retraces to the 0.764 and beyond later).
Are there differences today? Sure. Is the price going to mimic the entire 2014 bubble deflation exactly? Of course not. But the similarities are there too. Ignore at your own peril. The market cap of bitcoin may have changed since 2014, the amount of people trading may have grown -- but bubble psychology is still human psychology, and weak hands get shaken just as easily today as they did back then. The market loves to move in the direction of maximum pain, and that's exactly what these whiplash reversals are good for: breaking the necks of the stubborn who refuse to turn their heads until it's too late :P
BTC/USD major correction?Hi everyone!
I have been following bitcoin for over 2 years and imo if we have a daily close below 0.5 fib speed res fan then a major down momentum will take place which may lead to btc having a dollar value of around 5500.
This is a very pessimistic view, hence I strongly suggest everyone to take it just as a worst case scenario. Considering how simple a lot of the investors are, simple fear and small losses could lead to huge sell offs.
and as always
Good luck everyone!!! This is just an idea not advice!
Bubble imploding. WHAT'S NEXT?22 DECEMBER 2017
I did an idea where I exposed my opinion about Bitcoin and cyptocurrecy market. In my opinion the bubble was going to implode. Time shows that I was right despite of all people saying I was wrong, crazy.
AND NOW, WHAT SHOULD WE EXPECT?
At the end of the bubble implosion, we can expect an accumulutaion phase, a phase where price are more or less stable and a certain tranquility on the markets. Then we should wait for a buying signal. Waiting for a breakout on the large base of accumulation. This will show us the signal of the beggining of the fifth bubble (maybe the last but not least).
(explanation about bubble cycles)
Institutionnal funds are going to buy and the bubble risks to be more huge than the previous ones. The reasoning is correct for the whole crypto market.
Your comments and opinions are very appreciated. (I'm not pro at all)
BTC to test it's limits?Looks like BTC might want to test the limits before a bounce occurs, a lot of support lines have been demolished on the this brutal fall.
Big institutions wan't BTC dead, media FUD and conspiracy causing the weak hands to sell into the grubby hands of the big players. Like taking candy from a baby we could say. The whole reason BTC exists it to fight against the "man" and his big brother status, this is another attempt to secure control of money in this world. This is the chance to take back as much control as we can, they can't win only strengthen their position in the inevitable outcome.
This will be the biggest transfer of wealth the world has ever seen, are you going to fall for the FUD and manipulation? Please be careful shorting at this period of time. BTC has proven resilient against all crash/fud in the past, so why would it be any different now? The crypto market only really began in 2017 to 2018, markets like this cannot go away during one price correction.
Don't get me wrong, BTC was bought up in a parabolic move once again and a correction in price was expected by hodlers and traders alike. When history repeats itself, are you going to be a winner or a loser? A hodler or a seller? Only time will tell.
Pick your side, for or against.
C'est la vie!