Bitcoin Forum

2018 Crypto Black Monday
https://redd.it/7pxg0d (https://redd.it/7pxg0d)

2018 Cryptocurrency Crash (Elliott Wave)
https://redd.it/7ptsg3 (https://redd.it/7ptsg3)

Woowww I just know there is a term black monday, it makes me fear whether the price of Bitcoin will continue to be destroyed.
I do not expect this, what should I hold ETH or BCH?

Best to hold is Bitcoin.  If it goes down, then everything will follow. They are all in it together in the long run.  Seriously, if someone wants to destroy Bitcoin then they want to destroy the whole crypto currency paradigm.   Obviously, it would be the bankers behind the scenes pulling the strings in media/social attacks.

IE.. like this fud spamming post.

Such an incident took back few years back during the time of bitcoin starting its early days of growth. Now it has secured a place for it to get used in different forms. This time surely the price will start to pump high by those days marching towards a new ath with large scale growth taking place in a much shorter time period.

You posted a random chart without any analysis... I can do that too going in any direction I want. Nothing to see here folks. Just a newbie account spreading FUD.

I did not notice this last year and 2016 I think you are just using what happened in 2011 and forecast doom for bitcoin. 15th of January is going to come and pass and nothing serious is going to happen to bitcoin rather the price is going to continuously going up.  Bearish market is seeing over to me and very soon we are going to resume bullish market. Many forecast about bitcoin dump do not always happens and this time around I will hold my coins.

it is not really surprising to see it actually because many people predicted it that way,
even though they are drawing a lot of charts using a lot of technique,
it will not change the fact that Bitcoin will move to another one and break the pattern.
cryptocurrency will not crash and it will remain unstoppable because it will be the future for us.
nothing to worry about and keep holding it for a long time.
correction is expected so it can be said as a healthy correction even though it went down to this deep,
because we are moving from $700 to this level,
(if we are seeing another huge downward in the future)

You just stated a big truth in cryptocurrency. Whatever happens to Bitcoin will also happen with other coins and tokens. People who are dreaming of destroying Bitcoin for the sake of making their choice coin get into the top are all so selfish and will experience a downfall. This industry has been built around Bitcoin and that is something we should never forget. You don't kill what had paved the way...in fact we should care for Bitcoin as it is the very symbol of cryptocurrency. Sadly, because of the dog-eat-dog competition and vested interests we tend to forget this great truth and reality.

first of all if drawing some lines on charts could predict the market's future (i am talking generally, in bitcoin it is even worse) then everyone would have been super rich by now...

secondly the fact that you made this charts and then spammed all over the internet (literary in all reddit subs and even here) shows you want attention. otherwise there are people making speculations on reddit and tradingview with much more insight and they never spam their "much better speculation" anywhere!

GOLD

*bump*

I didn't know we could predict the price by looking for 5-6 similar candles in the past and then extrapolate the next 30 ones from that.

While most of the people laugh at your post. I think I appreciate the possibility of that happening. Though the possibility is not that huge and probably tomorrow (15 Jan) is going to be +/-10% like these days. It's good to keep an open eye and accept all possibilities.

As per the current market trend, and even as of today, its not that impossible to see what the OP posted or claimed, but for the goodness I would wish this not to happen. It will freak out new investors making the growth of crypto market and this technology more time consuming. But yes it will surely open up opportunity to some coin in the dip. So both pros and cons it has, now lets see what happens.

Another one? I thought it was last week. And the week before. And... blah blah blah. One day you may be right. I hope you skip around in a small circle and jump up and down with glee when it happens.

I am not investing in bitcoin at the moment only to avoid having huge headaches every night about how is the price going.

That is why i prefer to invest more money in altcoins, and in those who are not even on the top 200, most of those have a hugh room for keeping going up.

And maybe you are lucky, and you suddenly invest in one that reaches the top 100 and you make a x20 from nothing.

Wow a graph with some lines on saying bitcoin is going to go down, how often to these things actually work out? Also even if bitcoin crashes to $10k then what's the harm really, it will recover in time.

 
2018 Cryptocurrency Crash (Elliott Wave)
https://redd.it/7ptsg3 (https://redd.it/7ptsg3)



BTC/USD
https://uk.tradingview.com/chart/BTCUSD/r3v9okqs-2018-Crypto-Crash-Elliott-Wave/ (https://uk.tradingview.com/chart/BTCUSD/r3v9okqs-2018-Crypto-Crash-Elliott-Wave/)

TRX/BTC
https://uk.tradingview.com/chart/TRXBTC/OdRKhNq3-2018-Tronix-Elliott-Wave-Crash/ (https://uk.tradingview.com/chart/TRXBTC/OdRKhNq3-2018-Tronix-Elliott-Wave-Crash/)

XEM/USD
https://uk.tradingview.com/chart/XEMUSD/rLlyMhuP-2018-Nem-Elliott-Wave-Crash/ (https://uk.tradingview.com/chart/XEMUSD/rLlyMhuP-2018-Nem-Elliott-Wave-Crash/)

IOT/USD
https://uk.tradingview.com/chart/IOTUSD/itMoSWyU-2018-Iota-Elliott-Wave-Crash/ (https://uk.tradingview.com/chart/IOTUSD/itMoSWyU-2018-Iota-Elliott-Wave-Crash/)

XVG/USD
https://uk.tradingview.com/chart/XVGUSD/hbdYVf5K-2018-Verge-Elliott-Wave-Crash/ (https://uk.tradingview.com/chart/XVGUSD/hbdYVf5K-2018-Verge-Elliott-Wave-Crash/)

LTC/USD
https://uk.tradingview.com/chart/LTCUSD/AUsZth6p-2018-Litecoin-Elliott-Wave-Crash/ (https://uk.tradingview.com/chart/LTCUSD/AUsZth6p-2018-Litecoin-Elliott-Wave-Crash/)

XRP/USD
https://uk.tradingview.com/chart/XRPUSD/EeChepO0-2018-Ripple-Elliott-Wave-Crash/ (https://uk.tradingview.com/chart/XRPUSD/EeChepO0-2018-Ripple-Elliott-Wave-Crash/)

ETH/USD
https://uk.tradingview.com/chart/ETHUSD/WJBmPwYn-2018-Ethereum-Elliott-Wave-Crash/ (https://uk.tradingview.com/chart/ETHUSD/WJBmPwYn-2018-Ethereum-Elliott-Wave-Crash/)

BCH/USD
https://uk.tradingview.com/chart/BCHUSD/DQJjVmyE-2018-Bitcoin-Cash-Elliott-Wave-Crash/ (https://uk.tradingview.com/chart/BCHUSD/DQJjVmyE-2018-Bitcoin-Cash-Elliott-Wave-Crash/)
  

If BTC takes a proper shit, what do you think the alts will do? This market is straining at the seams from all the hot air. Copied white papers and a few soothing words have reached billions.

Alts are no type of hedge in a real crash. LTC lost 98% of its value vs 86% for BTC. USD is the only real hedge.

USD is in a bear market, GOLD is the hedge.

I think you actually are right, the BTC crash is really coming soon now, 1-2 days I think

Gartley

https://uk.tradingview.com/chart/BTCUSD/BuPY7sli-Gartley/ (https://uk.tradingview.com/chart/BTCUSD/BuPY7sli-Gartley/)

Looking like a Green Monday to me. LOL 

Day is just starting. Lower top at $14.400, now down to $14.000, chart remains extremely bearish

Hmm. What is that I'm sniffing in the air? Is it a cloud of despair or the whiff of just another day?

Don't sweat OP, there's a new Monday like clockwork every damned week.

The OP might very well be wrong, nobody knows what happens. Fact though is that the chart is extremely bearish: EW points to crash, lower tops, trading below MA-50, if it's going below $12.500 I think the panic really might kick in. We'll see, maybe it survives the day but the danger would be far from over.

Uggg.. Everything points up BTW.. It's already tested the lower support level 5 times.  Duh.  

Haha you don't know what you're talking about: https://uk.tradingview.com/chart/BTCUSD/BuPY7sli-Gartley/

I'm remaining full short, just like the big whales. Follow the money.

Oh well, I see your chart and raise you a chart. LOL  They really are meaningless.

https://www.tradingview.com/chart/BTCUSD/HFpXHq9J-BTCUSD-stick-to-our-old-plan/

LOL, how is that Elliott Wave ? The only thing you draw is that it bounces of support. You don't even look at the 50MA. http://www.usmarkets.nl/images/usr/2018-01/u_10250/bitcoin-1.png

What is full short btw.. you sold .01btc or something?  Wow, big loss there.  Show me where you went 10 and I'll do the same.

Not sure why you want to compare penises, what does it even matter how much I'm short ? But if you really want to know, I'm currently 8 BTC short. I do have my stops in place, no trade is fail safe and this one could easily go wrong. But so far it's really looking good.

Anyway since you really want to know: http://i68.tinypic.com/2a9uq0x.jpg

So now you're going to shoot a photo of your position ? I showed you mine, now show me yours :)

Sorry for the crude language but it is absolute nonsense trying to predict BTC with ONLY technical analysis considering how the price moves based on all kinds of news and unexpected scenarios. So yeah, good luck with this whole Black Monday crap, if anything BTC may actually go up today. If you are really bored and feel your money is lazing around and not working for you then try some alt coins like EOS etc.

Note: Monkeys throw feces at each other. Monkey see, monkey do and monkey make a fool out of you! We are after all 99.99% monkeys.

https://lightning.network/ is where the ticket to lift off lies.

Be careful bruv, trading on margin is very very risky, I hope you make enough money soon to leave that risky world behind.

You're a newby to trading eh. Lesson 1: shorting is ONLY possible with margin. You are not buying anything, you're selling an asset that somebody lends you so you need margin so that the lender knows you're good for it and you can pay for any losses.

Anywhere where's your position blotter photo ?

You mean that system where the maximum amount you can pay is determined by the guy with the lowest amount of money in his channel? You mean that system where users can defraud each other? Where users need to be online 24/7 if they want to be part of a payment route? Where insane amounts of data are being sent because the network needs to be aware of EVERYBODY's payment channel's state? Where you still have huge fees if you want to wire money into/outside the channel? That system that's always 'ready in 18 months' ? LOL

Wow! You are right bro!! Lest I forgot, my 5 year old son can pick up a chart and decide to draw lines and link up anything linkable, thereby predicting whatever he feels like. If that is the case, you may need to do a google search and see how people have used charts to predict the death of bitcoin since 2009/2010 and still counting, so you aren't the first and we are so used to it. However, technically speaking, everything about your chart is wrong.

We are the 15th of january and nothing happened lol. Bitcoin price is extremely difficult to predict and technical analysis of price charts are also useless.

You can make fun of OP however you like, but fact is that the stock is currently EXACTLY moving like he's predicted: https://uk.tradingview.com/chart/BTCUSD/BuPY7sli-Gartley/

Did you even look at his chart ? According to his chart it's not even breaking 13.000 today. But 15 january is merely the beginning of the end. We should close today between 14.000 and 13.000, tomorrow again (it will dip briefly below 13.000) and the 18th we'll fall to around 11.000. Then the real sell-off to below $8000 follows the 21th.

keep dreaming.

Nah no dreaming needed, $13.769 currently, exactly like his predictions. So far so good.

@op: if we hit < $8000 within a week, like you predicted, I'm going to donate you $250, promise :)

Not quite the Black Monday —phew! Live another day.
However, the projection is on price and structure, not time.

https://i.imgur.com/7AKDcA0.jpg

The chart is moving exactly like you've predicted. Well done! I've good faith that we'll continue down your predicted path.

Does it look my account is a newbie? SHORTING eh? In that case here is my advice for your little account you got going, be careful bruv SHORTING with MARGIN is very very risky and hope you can leave that gambling world after you make enough money. As for my holding, here is a screenshot of ONE of my wallets.

https://ibb.co/gcZ71m

Sigh. I've tried to explain you that EVERY single short is with margin, since you're not buying anything but selling someone's elses asset. You're not spending money but you're receiving it for your sale. The margin is just for the owner as a 'deposit' to cover for any losses. Not sure how to get it through to you, but any short is PER DEFINITION on margin. Anyway good luck with your BTC HODL. Its value will be cut in half soon. BTC failed as a payment system, governments are banning it and LN is a joke, no way it's going to recover this time.

And when the price of BTC climbs up to 15k this week, can we finally end this charade you call an analysis?

Sure, in that case OP clearly would have been wrong. But so far so good, BTC is going down rapidly, EXACTLY following the path that OP predicted. It would be nice if it would close the day around these levels ($13.200). The trend then will continue tomorrow. Next stop below $8000 within a week

It appears BTC/USD is currently moving faster then the prediction (making up for slacking on Black Monday?! —of course, US markets we're closed so folks were on holiday).

Remember, the analysis is about price, not time.

https://i.imgur.com/7AKDcA0.jpg (https://i.imgur.com/7AKDcA0.jpg)

That's too deep I guess, better to be positive that the market will rise back and 15k will be achieved so more investors will be attracted, not good
with predicting but I'm positive that it will rise instead of fall again, let see after the market will be open again and how they manage to strive back,
still holding and buying little by little.

The great 2018 Crypto Crash is just about starting; to the ones reading this thread and the below linked sister thread —congratulations, you are early birds!

In hindsight, it was good to subject this thread as "Black Monday" giving folks a full day to prepare.

Let's now close this thread and move to the following sister thread where charts to popular ALTs will be posted in due course:

• https://bitcointalk.org/index.php?topic=2711461.0 (https://bitcointalk.org/index.php?topic=2711461.0)

The sell-off is accelerating now. We should see a decent amount of support here, but if it goes below $12.600 then it will start really crashing

Hehe all those people making fun op OP and his prediction and it's going EXACTLY as predicted, huge sell-off from 14.300 to 12.800. We've also just broken the low from 14 january, another extremely bearish sign. We're going to enter CRASH territory soon now (below $12.600).

Interesting thing is that the guy with his 300 bid size is NOT bidding anymore ... that guy saved it previous times from crashing. He probably is SUPER long already and can't take any more coins. The fun really starts when he's forced to sell.

$12.697 now ...

It took a few more hours than expected but the crash is rapidly accellerating now EXACTLY as predicted.

123abc ignore the idiots here. I've been warning them for some time now but they have their pink glasses on with dollar signs, lost track of all reality long ago.

Bitcoin is going nowhere but down.

Well there it goes indeed, have a great day!

You might want to put off your expert predictions for now, as it has already dipped below $11k today. This shouldn't come as a surprise since January has always been the seasonal sell-off, traders booking in profits, plus this week is the expiry of the first Bitcoin future contracts - yes, they're all cash settled but the losses for majority of buyers will probably have resulted in them also liquidating actually Bitcoin holdings for more re-entries. I'm guessing those who are doing that now will short to no end for the next three months, but that pressure is probably staved off by the alt holders also panicking (effectively propping back up Bitcoin).

Interesting to watch, but Bitcoin's going to defy whatever we expect.

Godspeed !

P.S. its still MONDAY in Hawaii !  ;)

It surely went faster than I had expected. But this only strengthens my idea that we'll see < $8000 pretty soon now.

https://pbs.twimg.com/media/DTqAlc7WkAA9tWk.jpg:large

You were good with the predictions of black monday, but i don't agree with Crash (Elliot wave).
All my assets (top rated coins) on exchages gone red yesterday and are still in the same position, my eyes didn't believe this sudden downfall.
Indeed it was a black Money for cryptos, all coins were dying including bitcoin, and yes this all is just because of bitcoin downfall.
May be this downfall is for couple of weeks but it doesn't seems that it will remain for a long time, soon the price will going to elevate again.

These dips are all temporary. I still remember what happened after the news about the exchange ban in China came out. The price nosedived from $4,500 per coin to $2,900 per coin. But after that, it rose very sharply and crossed $5,000 mark in a few days time.

The whales are probably doing what they do best and it's effective. Massive sell-off is what they wanted to happen for them to buy at a lower price. The opportunity that those panic sellers are giving the whales will just make them richer. Best move right now is to hold and buy on the dips, then ride with the whales.

So the dip did came as predicted, but I guess it was kind off act of fear as the recent events and crash news might have frightened many. Lots of other altcoins also went steep down. I would say its good for the time being. Not only the whales but intelligent investor would surely take this advantage in a right way.

OMG. I have seen this topic and just missed the best opportunity. It is hard to believe in something like that. You were right all the time. And the best part is that we will soon see ATH again. Time to buy more.

I don't care. I bought BTC when it was $200, cashed out some of it (so I can live the next 10 years at peace) at nearly $20000 and still have more than enough of it for your doomsday.
But thanks for the info, nice prediction.

It could be a decade before a new all-time high, likely never if Bitcoin becomes what it was supposed to do —i.e. become a stable alternative currency free from interest rate fluctuations and central bank policy.

Paradoxically, a new massive bull run would mean Bitcoin is a failed currency, and just another speculative asset class.

Fun fact:
—It took the NASDAQ almost 15+ years to get back to its all-time high after the 2000 dotcom crash.
—It took the global indices almost 10 years to get back to their all-time high after the 2008 credit crash.

This was all just a big price manipulation caused by the government ban FUD. The whales are getting ready to buy cheap coins at mass volume. Those selling now will regret it.

What I don't understand:

Whales are dumping / selling in masses.

FUD is created and small investors also sell their coins, the price tanks.

Then whales buy back cheap coins.

BUT: There is still all the money from small investors missing so in the end Bitcoin will not be the same value as before the whales began to dump.