The Coin Farm - Largest Group of Altcoin Traders in Telegram

[andreibi]

I bought more Bitcoin spot around $7,700 thereby lowering the average buy in to $8,000 average. I tweeted that last October 18 was the most oversold two week bitcoin chart since 2013 which is an all-time low. The chances of a strong rebound went up because of that.

[andreibi]

The two-week period ends on October 28 so that leaves the Bitcoin bears to push down for six more days. Depending on what happens on Monday, more down or the bulls finally cracks the price resistance at $8,300 and on to $9,500.

[andreibi]

As you probably know by now, Bitcoin made the largest gains in one day - a total of 40% increase. It already reached my target of $9,500. I sold some Bitcoin when it went beyond $10,000 and rebought around $9,000.

[MURONDI]

I checked the coin farm telegram, has around 3862 members, I do not see it as a discussion many comments which in my opinion are not very important, like the telegram group in general, so I'm not too interested in joining the telegram group.

[andreibi]

I checked the coin farm telegram, has around 3862 members, I do not see it as a discussion many comments which in my opinion are not very important, like the telegram group in general, so I'm not too interested in joining the telegram group.

I'm not interested to hear what you have to say. And I don't care if you join or not join. In fact, it seems like you are just padding your post count for a signature campaign. The Telegram group is free to join, its value depends on pro traders who share their trade setups.

[andreibi]

Bitcoin price is right along the resistance line of a large descending wedge. If the price breaks upward right around a few minutes before the weekly candlestick is printed, we will see the whole week regaining the losses until $9000.

[andreibi]

So, the trend went against me. 

It is interesting that when Bitcoin price fell from $8,500 Nov 15, the number of UXTO dropped (obvious since it was consistent in its increase for a year). Now its back to  normal increase.



Why is $8500 significant? Because it is the bottom price of a bull flag from $7400 - $10500 rally. It broke down therefore bearish.

[andreibi]

A day earlier I tweeted that browsing Bitcoin's KDJ history, last time a bull momentum was this weak was in Aug 22 2015. It crashed few days after but was quickly bought up. Compare the charts. I added possible candlesticks from the old one to the present. This is saying the last dump might be to $6.2 - 5.8k.

HOWEVER, the increasing sell volume from Nov 20, 21, 22 has decreased by half. AND the current weekly red candle is already one of the top 20 longest. I think the price is due for bounce up in at least two weeks.

2015


Present


After posting the prediction

[andreibi]

Based from the above chart and the positive bull momentum we are having, the next bullish target  will be around $7390 this week. After that, there will be a small correction. The 3 day chart is saying the price could head to $7,700 to $8,000 in under 12 days (optimistic).

[andreibi]

So the Bitcoin price is now around $7400 and did not breakout out of $7600 resistance level in the last candlestick of the three-day chart (supposed to be a bullish railway track pattern). I expect the price action to be ranging from this level to as low as $6,900 until Sunday. By then we will see a clearer picture.

[andreibi]

What has happen recently is the break down of a rising wedge which is almost always a bearish pattern. For hope that the bounce from $6500 could be the bottom and the trend reversal. The Bitcoin bulls must defend the $7033 support levels until Wednesday at least.

[andreibi]

What has happen recently is the break down of a rising wedge which is almost always a bearish pattern. For hope that the bounce from $6500 could be the bottom and the trend reversal. The Bitcoin bulls must defend the $7033 support levels until Wednesday at least.

The Bitcoin bulls defended the $7033 support levels well with the lowest price at $7080 with an inverted hammer to boot. The pattern is bullish but not yet a buy signal.

Right now, the price is going to a retest of that $7080.

[andreibi]

What has happen recently is the break down of a rising wedge which is almost always a bearish pattern. For hope that the bounce from $6500 could be the bottom and the trend reversal. The Bitcoin bulls must defend the $7033 support levels until Wednesday at least.

The Bitcoin bulls defended the $7033 support levels well with the lowest price at $7080 with an inverted hammer to boot. The pattern is bullish but not yet a buy signal.

Right now, the price is going to a retest of that $7080.

So $7080 retested. The price printed $7050 at its lowest in Bitmex. What is the situation right now? Many are bearish and expecting a target of $5000 but I go back to old school forex know-hows that stated: "Every rally is expected to retrace 61.8% before next rally." For Bitcoin's rally from $3122 to $13880, that's $7231. So, we are in the zone to confirm retrace or go below some more resulting in a true trend reversal.

[andreibi]

Yeah, I'm beginning to think the Bitcoin price will tank during the Christmas season. The worst case would be a visit to the $5,000 level. But right now the market is indecisively bearish. How the price direction will be determined is by a strong with volume move.

[andreibi]

And then it happens. The volume grew and the Bitcoin price tanks. We should be seeing an increased volume of selling for the next few days. But take note that in the higher timeframes, the volume is actually drying up which means it will soon explode. It is in line with the falling wedge formation which is said to be 68% upward breakout.

[andreibi]

Well well well. It dumped straight into $6410. It should have registered as high selling volume but since many buyers are waiting for low $6k, it was quickly bought. I expect $6410 as the latest Bitcoin bottom, you should treat every dip now as a buy opportunity.

[andreibi]

Well well well. It dumped straight into $6410. It should have registered as high selling volume but since many buyers are waiting for low $6k, it was quickly bought. I expect $6410 as the latest Bitcoin bottom, you should treat every dip now as a buy opportunity.

If you followed the last post, you brought at $7146, the price now is $7326. You should move your stop loss around $7160 and just relax, you won't incur any losses in this setup if it happens to be a judas move or fakeout.

[coomoney]

So how do I join your telegram?

[btc78]

So how do I join your telegram?

if you know how to read and understand then you can join because everything is written in OP you only have to take some time understanding what is needed to join.


bookmarking this OP and will check everything and may join once i have enough time because this season is too busy and can't afford to spend more time,but it sounds legit since you are running for 3 years now right?

[andreibi]

So how do I join your telegram?

if you know how to read and understand then you can join because everything is written in OP you only have to take some time understanding what is needed to join.


bookmarking this OP and will check everything and may join once i have enough time because this season is too busy and can't afford to spend more time,but it sounds legit since you are running for 3 years now right?

Actually, joining which is for free is not worth much of your time because first of all the group was meant for scouting possible future altcoin rallies. But because Bitcoin is the main star right now, I have dedicated some time doing trade analysis for Bitcoin.


It is not a Judas fakeout. The price will reach $7,840. If the price breaks through to $7,950, bear meat is back on the menu.