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Fomo

Bitcoin could have a near-death experience driven by FOMOIn this video I argue that there could be a limited price reversal on Bitcoin. This is about people who missed out before the big pump, thinking or fearing that they don't want to miss out the 'next time around'. So that lot pre-October 2017, are likely to jump in over the next few days or weeks. This is human nature. Caution: I predict nothing! I'm doing something different. I'm looking at the psychology of markets and some reversal possibilities. But if price goes north it's about following a reversal trend for as far as it will go.
BITSTAMP:BTCUSDEducation
by Captain_Walker
Why BTC fractals are not always trustworthyHello! In this chart I'd like to show that you can find nice fractals everywhere, because fundamentally markets are driven by human mass psychology and since this mass psychology doesn't change, the patterns also repeat. But are they always to be trusted? No. One has to look at a lot of different factors and check if the situation now is similar to the situation of the comparison fractal. In our case here, many people expect a nice pump like the one in the beginning of april. However, even though the pattern before the pump looks very similar, the market conditions now are quite different. One has to realize, that whales play the market in order to make nice profit with leveraged longs and shorts. It is very easy if you have a lot of coins. You look at the ratio longs vs shorts. If for example one is much higher than the other, i.e. shorts much highter than longs, you can create a short squeeze, with one strong buy. This triggers a cascade of shorts that are closed, forcing the price higher, closing even more shorts, a short squeeze. Those whales wentl leveraged long before that, and made some nice profit, and sell their coins alter for a higher price, because the ensuing FOMO drives the price even higher. A win win for them. However, as you can see, now the situation is quite different. Leveraged shorts are much lower, in fact, the longs are much highter than the shorts. This means that one should not count on a short squeeze like the one beginning of April. From looking at the overbought 4 hour and 1 day stoch RSI, a declining price is more likely. I say more likely, because one can only speak in probabilities here. I give a 70% chance that we grind down, and a 30% chance that we still go up, despite high longs. When trading BTC, it is always good to look at the long/short ratio, because then you have a good overview of the general market sentiment, which is more bullish than bearish now. And most of the time it is good to do the opposite of what most people do, hehe XD. Since I like doing the opposite of most people, I have a moderate short position open atm.
BITFINEX:BTCUSDShort
by SebastianofMoon
2
USDTRY - Be wary of Intervention ex-post Rapid MovesTraders layering into TRY potentially got burnt last week as the Turkish Central Bank intervened to halt the local currency's worrying devaluation by raising interest rates by a whopping 3% Whilst i tend to let the majority of fundamental data pass me by , it often pays to atleast maintain a health awareness of key macro factors that might have a direct impact on any currency pairs you are trading or tracking (this is different to following any random commentator's subjective opinion) While I do not like setting upside targets , it can pay to trail stops at healthy profit levels during large abnormal moves so as not to give back profits (we saw this in crypto in Dec 17) adn if we miss the big move initially wait for natural pullbacks / consolidations rather than chase an entry. There will ALWAYS be a pullback or another instruments that will offer the next big move. Worst thing to do is chase an entry through FOMO , get burnt and then be paralysed the next time a big opportunity presents itself. Stay rational, stay calm and nimble
Education
by TJP_Trader
There will be LAMBOS after NXS Moon!This is a Weekly Chart. Any guesses where its headed? I've been watching it for a while now. The bounce from support is now confirmed. This is a solid buy imo for Long term. Buy now and put sell orders at 100-250% and forget about it. I just bought some and gonna hold for atleast 1 month. Maybe 2. Oh and Previous weekly Candle was a BUY according to my FOMO Indicator (Blue candle). Look what happened to its price after blue candles on weekly chart.
Long
by vjsharma89
6
BTC short at some PointI know, its obvious BTC will fall again. Am i a wizard? No, that's not the point, everyone knows it will fall again. I just want to tell you, if you are in Tether right now: don't FOMO! Look at the Graph i did, everytime BTC was "mooning" maximum 20 days later it was at the price it was as the Mooning began or near that. Be patient and don't FOMO, you will regret it! you maybe missed this rally, but trust me, the next will come! be strong! :) Good luck everyone and please leave a upvote if you want to, so i can discuss your and my ideas in the chat! :)
Short
by youmadbro
** This is a positive scenario for Bitcoin! ** If Bitcoin decides what direction to go(up), it may react quickly. We can see the new ATH before the end of June. After a little correction, the real FOMO starts and for the time being we can still see the prices that seem so extreme. ~$30K and then ~$70K. The economic depression in the world may also be effective in this scenario. After all this a grand correction will be waiting for us. There may be a negative scenario! Stay tuned! See you end of the year.
COINBASE:BTCUSDLong
by dak_t
BCHUSD waiting recover sign in buy zone 1200-600Major Resistance 1800 Major Support 600 Retracement from 1800 after recover from downtrend at support line 600 Chance to invest : Below 1200 to 600 when Price action (H4-D1) show recover signal Buy with 2% of overall margin, SL=0 TIPS for FOMO We could seperate 1 position to x position and grid it for make average cost still around 1200 lower Ex. instead buy 1 with 100% size of order at 1200 We could buy first order with size 50% at 1400 and second order with size 50% at 1000 : average price of investment still 1200
BLong
by investorresource
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$.
Long
by bgrandimbtc
3
FOMO is at least as strong as the FUDFans and expositioners - welcome to the VERY first installment of My-TA-Sucks. I am not an analyst. I am a raging ETH bull, and I only know one thing for sure - the FOMO is at least as strong as the FUD . That's what I've been telling myself for years. Based on previous patterns, ETH normally makes a run leading up to Consensus (May 14-16). At Consenus, all the crypto wannabes go " ooooh, aaaaaahhhh " then invest their life savings. I follow tech more than the charts. But charts help me put things in perspective. ETH will reach US$1,000 by the end of May. We'll go higher if SuperVit makes some announcements on Casper. The only thing stopping ETH is not China, not the SEC, and not exchange hacks. It will be the rise of inter-operable chain solutions like COSMOS that divert the sunshine. BUT, dear folks, ETH has the first-mover advantage, the network effect, and a lot of smart people working on scaling solutions. Even though the BTC code sucks, people still buy it. Because of the network effect. BTC will still be king, but ETH will always be my baby-love. Like you, I cried and nearly jumped off a bridge when the FUD took hold from Jan - April. But, why oh why, did we not believe in our first instincts. The same voice is calling us again to follow and believe. Will let you know when I think there are short opportunities, but it's not now. I'm long as pinocchio.
BITFINEX:ETHUSDLong
by myTAsucks
BTC: Another Big Bart Simpson Drop?BTC has had a good run, but looks to be slowing its roll up here near a big 786 fib (the strongest correction fib), the downtrend line on the log, and the 200-day EMA right above it. BTC has reached for these three resistance levels on a somewhat overstretched run absent a true pullback so far to cool off RSI levels and form a much needed elliott wave down on higher timeframes to set up the next wave up. Both the 4h and 1D RSI are at very high levels where corrections have typically taken place historically. Beware the FOMO, entering up here carries high risk. My estimate is the super bears could be amassing short positions soon enough.
BITFINEX:BTCUSDShort
by serekamina
1
Bitcoin forecast: the downtrend is NOT overSo, where are we right now? Everyone is acting like Bitcoin is doing unpredictable things and are getting liquidated. In this market context, which is a bubble burst , we have to keep in mind a couple of things before entering trades: What drives a bubble burst is market-psychology and an alternance between hope and fear : an alternance between FUD and FOMO. While inexperienced traders and emotional investors who bought the top are trying to "cover their losses" or make quick and "easy" gains using heavy leverage on small timeframe trades, experienced speculative traders are using them as fuel, and making them fall for FOMO and FUD. Shorts were at an all-time-high (which means that there are a lot of liquidations and stops to hit, this can give a huge momentum for an upward movement), we were getting dangerously close to the apex of a symmetrical-triangle, the order books were getting thinner by the minute and alt-coins have been rallying for a few days, this creates the perfect setup for a quick pump. In the context of a bubble burst, entering short term trades with heavy leverage is very risky due to the higher than usual volatility. Most inexperienced traders with poor money management will burn their accounts during such times if they use high leverage in short term trades. Now, what am I anticipating? I am anticipating a new wave downward a bit slower than the previous one which should hit a new low which I estimate to be around 4k8. In my opinion, we could have a trend reversal if we break the previous top around 8k8-9k (which is also where the desistance on the daily log chart is). Obviously this should not be taken as investment advice and this is just the scenario that I'm betting on right now. A trader will NEVER have 100% accuracy, what makes you earn money on the long term is a decent risk-management, not a god-tier accuracy.
BITSTAMP:BTCUSDShort
by TDesormiere
Bullish breakout! Will the FOMO kick in?UPDATE: Well, this sure was absolutely ridiculous, overnight we fell downwards out of the yellow channel and we fund support on the 6750 level marked in blue. After bouncing off of the support we encountered some resistance to get back into the channel, but once we were inside, insane volume kicked in and a lot of short were closed, the bulls finally took control and we are seeing the first true sign of a trend reversal on the long term picture. For the short term I think that this surge in price will not sustain unless FOMO stars again and we see a lot of buying pressure from the public, I think that the previous resistance at 7800, 7500 and 7400 will act as support, I will be placing buying orders at 7400 and where around 7200 area depicted in whitewhere the support meets the upper limit of the previously drawn channel, in the unlikely scenario that the madness contines we could test 9k.
BITFINEX:BTCUSD
by ennriqe
3
EURUSD/SHORT after pullbackHello guys its me again, TA : Uptrend breakdown, RSI give us opportunity for selling, doji (reversal candle). Most probably we will see pullback so don´t put your SL too tight. EURUSD Break uptrend and we are looking for downtrend after good news for USD, search for FOMC Meeting Minutes Fundaments : "More hawkish than expected is good for currency" Why traders care ? It's a detailed record of the FOMC's most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates; If the guiding principle in real estate is "location, location, location" in FX it is "interest rates, interest rates, interest rates" Have fun Herac -if u like it give me your support and press that like button, i would appreciate it
Short
by herac
2
TRX MAINNET FOMOHI guys, I wanted to analyze the TRX/BTC on binance, but on Trading View is only Bittrex (less timestory). This is my TA on Tronix (TRX) token, I'm not in about if it's scam or worth it , just cheking the bips ^^. On 31 May it will be the official mainnet launch, it means a migration from ETH platform to their own platform, I predict: 1. Whales will buy TRX and it will be a bullish market. 2. Then lazy buyers will buy it down the FOMO effect (whales tactics + Mainnet launch). 3. Price will be between 1000-1500 sats, a good point to sell.
by therock3xr
4