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Bubblemarket

Fractal fib bounces to 13k!Check out this detailed post below that compares a smaller BTC fractal to the one the price action is experiencing now, which makes a strong case for the fact that the true bottom (for now at least) has been reached. Using the bottom at 6k with the top at 20k marking a fibonacci range, we can see that the top follows the same perfect ratios and combinations as the one that happened earlier 2017 (see linked chart below) when bitcoin was only around 2k. With this in mind, we can expect growth to slow down from here but it should be strong push to 13k marking 50% from the 6k bottom. Look for good entry point on a small pullback and wait this out till around 13k
COINBASE:BTCUSDLong
by MysteriousPersian
BTC bearish heand and shouldersBTC showing more bearish signals with the formation of a head and shoulders pattern. This coupled with the failed ascending triangle (see posts below) that turned into a rising wedge with a triple top in the 2 hour chart. Looks like its due for another slide. My midterm target for BTC is for it to retest 6k again. The correction is not over in my opinion. Just like the global stock market correction is just starting, there is no indication that BTC has reached its true bottom and it could easily still go to 2 or 3k such as I outlined in my worst case scenario BTC bubble collapse prediction made in early January (See post below as well).
Short
by MysteriousPersian
2018 - The Year of Financial BubblesCryptocurrencies have been a prominent theme around the world and have shown that our current paradigm of how we handle money and wealth can be challenged. Besides all the regulatory issues which only play at national level, blockchains have shown they will live further on their own without any authority being able to compromise them. Huge volatility is a result of this completely new territory, people see there is something different but cannot completely grasp it yet, often resulting in mania or a lot of anxiety. This emotional cycle is the way a market progresses and we can see the from micro to marco scale, time will eventually stabilize things before entering a new phase and repeating itself again. The reason why I'm addressing cryptocurrencies (bitcoin/altcoins) is because they have had a lot of exposure and are being called bubbles. A bubble does not mean something does not have any value, this is a huge misconception and most people get scared in the media with a lot of fear when they see this word. A bubble is when reality and imagination are far apart, the expectations and the actual (current) practicability/productivity are then far out proportion because of misunderstanding or euphoria. Once the objectivity or data of what is plausible settles there is a huge pullback and this is when a "bubble" pops. Now the media uses bubble repeatedly on bitcoin and cryptocurrencies but we are probably (intentionally) overlooking one of the largest bubbles currently playing, which is the "everything bubble". Some examples are Wallstreet, NASDAQ, S&P 500 which represent way more money than cryptocurrencies even resemble. They have seen unprecedented growth and this is very likely coming to an end. Technical analysis shows that we are at the verge of reversal, there could be some small growth short-term but long-term we are facing some major correction. Could the "bubble" media theme which addresses cryptocurrencies have finally popped the stock market bubble too? Making people realize that money can as easily be liquidated as it grows. I don't have much pleasure calling the bubble of bubbles but it might soon become a reality. Once these larger corrections settle in people will slowly enter disbelieve and economies will start to shrink, more unemployment as a result. I think the tech bubble is also slowly starting to contract, personally I see people using less and less social media, both for privacy reasons and disinterest. Personal things tend to be shared in direct circles but commercial advertising is still growing on social platforms while many businesses compete online, sometimes pushing people away. What areas do I expect to grow? Since wealth will flow back to individuals, we could see more focus on the individual investments instead of corporate and stocks. The priority of primary needs will play a increasing role, sustainable/independent living and having resources is important in an area of uncertainty and will always be something that enables us to fall back on something while our own economies are failing. A good example is Venezuela's hyperinflation, where the majority of families were not able to afford food anymore. Now this all sounds a bit extreme at first, we won't be at the brink of complete global collapse, but we should definitely realize there are these real-life scenario's playing. Only because they are far away doesn't mean they won't affect us. 2018 might be the year of larger sustainable adoption, solar for example, enabling independent generation of electricity could see a larger boom. If you understand that focusing on primary needs is important you see why. Gold and silver, oil, food, could all see an increasing demand while people will have a greater demand for physical goods than virtual assets. Good luck all, take care and don't forget to plan long-term too. -TheTrex
NASDAQ:NDAQ
by TheTrex
3
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
BITFINEX:BTCUSDShort
by SerhiyStefaniv
ACB perfect fib bounces (speculative bubble market)As I mention in a lot of my posts, Fibonacci ratios are great for speculative and volatile markets. ACB doing the same things as WEED (more or less). From the top a retrace to 38% from the top (scary accurate) at $7.2 and looking to retrace the correction (second fib chart on the right) in correction waves anywhere around 38% (10.2) (reached already) and 62% (12.20) Target reached today, from here I believe the second correction will bring it back to around 7 or lower, mirroring slightly what is happening to WEED. Ill be picking these stocks up nice and low before legalization.
TSX:ACB
by MysteriousPersian
6k btc holding longterm trendlineBTC has possibly ended its endless diarrhea cycle to 6k, holding its longterm trendline from 2017 before the euphoria kicked in. This correction has shaken the greedy investors and the maniacs who bought at 20k (it happens, but seriously don't be greedy). THe 4 hour candles show signs of strong reversal. That being said it, could go much lower there is a bear trigger: China REAL ban of cryptocurrencies or if TETHER turns out to be a scam and has been artificially inflating btc prices by essentially "printing" coins (i find this unlikely but still possible). It could reach even lower. However I think investor sentiment is slowly changing, money seems to be flowing back into the market for now. I will keep this idea update asits still very volatile
COINBASE:BTCUSDLong
by MysteriousPersian
REMEMBER THE GREAT DEPRESSION? Was It the Idea of Money & WealthSo, I have been doing a bunch of reading and watching all sorts of online videos (I'm sure like you all) about the current state of the broader markets and it seems like most are signaling out worrisome forecasts.. What many are mentioning is the correlation between the dot.com event as well as the last BTC parabolic bull-run at end of 2013 that lead to a year long bear market, and don't forget the Tether uncertainty. They say to Buy when others are Fearful, but wow that just seems like a cascade of FEAR! I am no professional trader here, which is why I hope others can give a better viewpoint on this scenario considering the vast similarities I have displayed in these chart comparisons. My expectation is, of course, a bounce (maybe happening now) to somewhere around the $6,000 and hopefully recover 70% as it did the previous time - this would reach around the resistance of $10,000. So is this possible? Well, I am bullish to say yes, but would it more than likely follow another sell-off, and we are traveling again to lower lows? Once again, this is my junior outlook and I know many are expecting a bounce, but could this market-wide correction be something GREATER we haven't seen before... P.S. I left a helpful link to remind us all about the last great depression and what was it that got us there, and I'll give you a hint.. it had to do with Inches. Namaste. - Money is Like Inches www.youtube.com US Stock Markets & Cryptos Crashing... Is This The Big One? Jeff Berwick on FSN www.youtube.com Late Night Talk w/ DataDash www.youtube.com When Will Bitcoin Go Back UP? | BULLISH BOUNCE IMMINENT! www.youtube.com - Ivan on Tech debates Richard Heart - Bitcoin, Ethereum, IOTA, Crypto Bubble, Tether, Satoshi www.youtube.com Are Insiders Secretly Loading Up on Bitcoin? www.youtube.com The Bitcoin Bubble - How Will it End? www.youtube.com US Stock Markets & Cryptos Crashing... Is This The Big One? Jeff Berwick on FSN www.youtube.com BITCOIN MILLIONAIRE EXPLAINS CRASH MASSIVE OPPORTUNITY www.youtube.com
BITSTAMP:BTCUSDShort
by Benjiman7953
3
HSI / 2008 vs 2018 : Feels like "Oops I did it again" !!!The comparison is easy, the debt level is even crazier than during the last credit bubble that bursted 10years ago.. Real economies just started to get over it but it seems like traders haven't learnt anything for the previous crisis !! As I always say... trading is about cycles and no matter how ofter I hear "This is different now..." or things like that... the thing is that cycles repeat through time.. credit bubbles or speculative bubbles have always burned the markets even though the economy was looking good and strong... Will we repeat the cycle again... I tend to say yes ! But it's too early.. Sure thing is that I'll have a close look at what could happen on the same fibonnacci extension than the one that triggered the previous krash ! Just in case ;) Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) You can check my indicators via my TradingView's Profile : @PRO_Indicators Kindly, Phil
TVC:HSI
by PRO_Indicators
8