The Chinese Bitcoin Cowboys have pumped with their fake volume, they sold their sub $400 BTC on the way up past $500 on USD exchanges, leaving the market to its steadily declining organic demand. Market will gradually decline culminating in another Chinese fake volume dump, pump, n then dump again.

This whole market is rigged horribly. I may never be 'proven' right with evidence as such. But the market will follow a scheme that matches such a corrupt scenario. Incidentaly, this means that Joe Blow is even more likely to lose out than he is in a normal bear market cos the odds are even more stacked against him than he thinks.

I guarantee that all the Bulls who have been indulging in euphoric triumph right at the top of the market, will find themselves seriously underwater compared to their current Bitcoin valuation in USD within a couple of weeks. Bears also will get slaughtered as the majority of short trades witness the market go against them just as soon as the short swaps have stacked up high enough to make em worth squeezing. This is what has been happening, this is what will continue to happen. The Bitcoin Bandits will become very rich from this game, but with each cycle of market exploitation, more and more market participants become increasingly disillusioned with Bitcoin and withdraw their capital from the market, which ultimately can only mean one thing.

The parasite tends to drain from its host until it can't drain no more, and then it moves on.

I read the word "borrowed" to invest in bitcoin which i don't yet have enough confidence to do.

The first rule of Bitcoin is we don't invest more than we can afford to lose!
Call me lucky, I got a few coins just above 400 on the cavertex dip last week and my second deposit cleared the following Monday.  
I haven't sold yet, and my seconds deposit will be used to support the $350 if we trend down, and buy in at 660 if we are trending up after 30 days.

If you want my advice and I'd calculate the cost of the having money on the exchange for the next 4 months then write it off. Then I'd play it safe on trading swings where you are comfortable.

A bubble could form within a month or two, or if trade volume subsides we maybe as long as 6-12 months.  I've invested a little of that cheep coin in alt, and think we may have growth there before we see it a boom in Bitcoin.  (the "smart" money is sounding too confident in my view to see an early boom, I think it is the big of exchange hoarders who are the ones who have to release some liquidity before we drink Campaign)

At this time it could be anything, to be honest atm it feels like this market is led by some emotionally unstable teenagers.

Unfortunately, no. nothing there, I checked the rules list to make sure it wasn't explicitly blocked, 0 rules.

-edit- thanks, just got the email. testing now.

The problem with our little wedge is that is linear, so it is bound to break within a finite time when it reaches zero, which occurs in August. Does that mean we are guaranteed a reversal in July? You can't say we're guaranteed a reversal. The downtrend could very well go on well beyond that, hypothetically. You can't say that just because geometrically speaking, a sloped line will meet zero, that a reversal is guaranteed.

So maybe, when you're dealing with large price ranges and long amounts of time, it is more appropriate to use a logarithmic line. This way, the line could be in effect infinitely. There could potentially be a false breakout of the linear line only to meet resistance at the logarithmic line.



Actually, I think the ichimoku cloud on TradingView is a much better visualiazation of resistance than a rigid line.

You don't actually "lose money" until you sell.  Just like stocks. The real hodlers know this. How do you think the noobs that sold at the $350 bottom this week feel?  Not as good as the true hodlers, I'll tell you that much!

I'm not confident in this being the final bottom for the same reason as last time. The stoch RSI is wrong, again. The reversal is being triggered by some piece of information and a panic at the wrong point in the trend with no evidence of a true capitulation having occured. In a real reversal, everyone is bearish and someone is there sneakily buying up all the coins that the bears are dumping despite all odds, and the price slowly scoops it way upwards with the MACD crossing as the stoch RSI is still low. It usually features a sort of double bottom a couple days apart with both days having high volume.

I think this is the plan:

LOL  

not even close, this gonna get fugly me thinks

if we go below 300, I declare that we are breaking the previous ATH...

You could save me? Haha, well, fuck off again Mr. wanna be big dick with 20-30k $, I have more fiat waiting than you do  

What a fucking deluded moron, sold at 450$ and he thinks he is some big motherfucker trader..

Successful miners mine at a loss 90% of the time. That last 10% of the time, they make 20X% profits.  That's the way it works. It's the long game. The smart ones lock in operating expenses for years or donate to the Cause knowingly. The WANT difficulty to rise to the point that only they can continue to mine at all, much less mine profitably. Then they have cornered the market. It's not different incentive-wise to me wanting to die with the most coins.

I was lucky i did this last week, also have an EFT on its way hope it comes through tomorrow. have you tried VoS

ah this really sucks

Was thinking a few days ago bidding at lower 400's would be a safe, smart play even for bears. i am quickly changing my mind.