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Another bull market trap? Bear market swing?Are we going to see a repeat of this years false gains? Remember than back a few months ago when Bitcoin started gaining in price, there was the thought that the bear market was over and the bull run started. Eagerly, lots of novice investors started dumping money to catch the "wave" only to get slaughtered with a straight drop. These are called Bear Market Swings. Is this another one? Absolutely. Is there any concrete evidence to point that Bitcoin has any reason (aside from hype) that it should continue upward? No. Here is a list of facts about crypto and bitcoin, people seemly forget: - It's expensive to send, and its slow. - It can lose 100% of its value in 1-minute, there are no safe guards or "circuit breakers". - It is not anonymous since all exchanges require extensive identification checks. - Its not finite, it can fork 1,000,000 times. Bitcoin is worthless, it has no intrinsic value. - It requires HUGE amounts of electricity to mine and transfer. But here is the absolute truth about crypto/bitcoin: The the only reason people even buy that worthless "asset", is because "investors" aka day-traders want more FIAT, amazing isn't it? You see, the hold argument falls flat on its face about "fiat is bad" when gaining more fiat is the entire goal of crypto trading. The problem is fiat right? Yet that's the VERY thing you want more of with Bitcoin. No one is rich in bitcoin, because there is no value to bitcoin. Bitcoin is a money grab, its worthless, with ZERO stability. By the time someone gets paid in BTC, it may have lost 20%. Idiotic "asset" to invest in. Also to clear it up, Bitcoin is NOT an asset, an asset is defined as "a useful or valuable thing, person, or quality" of which Bitcoin or crypto is neither of.
COINBASE:BTCUSDShort
by WorldEconomics
2
EOSUSD, long to transit (7.83) or gold interesting price - 8.87.Ok, guys, today its Kraken and EOSUSD. I automaticaly mark all interesting price with X-lines indicator. Like you can see 8.87 its a real strong and interesting price (marked gold color). Also gold status have strong resistence level 5.47 there is a big seller on it. Volumetric analisis by X-Volume indicator show good medium purchases without obstacles. So i think you can do two things: 1) Purchase now and sell on 5.4. 2) Purchase now and wait 7.0 or higher. It all depends on your trading activity. Levels thanks to X-Lines indicator.
KRAKEN:EOSUSDLong
by JinFlark
1
CADJPY Bearish Bat PatternCADJPY Bearish Bat Pattern and Short Opportunity Description: CADJPY completed a Bearish Alt Bat PAttern on the H4 Chart. Bearish correction is predicted. OSMA divergence confirms the bearish reversal Trade Setup TRADE: Short Trade Period:Intraday / Midterm Estimated completion time: 2-8 H4 Candle Stick The trend in the Timeframe: Bullish The trend in the Daily Chart: Bullish The accuracy of the pattern: 86 % Recommended Lot Size: 0.10 at 10K Entry: 83.60-83.65 Stop: Above X 84.05 Target 1: 83.40 / Reached … We take partial profit and move Stop Loss to entry. Target 2: 83.10 Target 3: 82.88
Short
by UnknownUnicorn3717994
BTC Bear market will end between May and Oct 2019There is a clear pattern on log scale that the bear market will end in late May at a price of $2800. The graph shows that the dotted line continues to fall until the point it reaches the long term trendline going upwards. On the other hand, the same analysis has been done on a linear scale and shows that the Bear market will end in October 2019 at a price of $3000. My conclusion is that the bear market will end between May and October at a bottom price of $2800-$3000. Compared with the bear market in 2015 there are many similarities. An import similarity is that the bear market started 9 months before the halvening event in 2016. At current time this would be translated to August 2019. This would be a price of bitcoin just below $3000. However, some analysts such as Tone Vays and Tyler Jenkins predicted the bitcon price would fall to a $1000-$1500 range. Tyler for example used a different method to analyse and he used hyperwave. A good strategy would be to apply DCA in combination of price levels. If you have a bag of 10k available to invest in bitcoin this year I would invest it as follow, starting from 1st of April: Every first of the month - invest $500 (apr-dec = $4500) In combination with: At a price level of $3000 - invest $1500 At a price level of $2500 - invest $1000 At a price level of $2000 - invest $1000 At a price level of $1500 - invest $1000 At a price level of $1000 - invest $1000 And for the rest, just HODL! ;)
BITFINEX:BTCUSD
by laurie123