xxxx123abcxxxx (OP)
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January 25, 2018, 11:22:06 AM |
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Additional short trade setup ahead of the CME futures 26-JAN-2018 expiration as follows: BTC/USD (COINBASE) OPEN = 11146 CLOSE = 8065 STOP = 11690 RISK = 4.9% REWARD = 28% https://i.imgur.com/XIL5Jqr.png
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penig
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Activity: 266
Merit: 13
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January 26, 2018, 10:22:52 AM |
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I'm going with Bitcoin, Random company, Nasdaq. I'd recognise that brute anywhere. Do a win a prize? Or do i only win if i accept the implications and act....
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xxxx123abcxxxx (OP)
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January 26, 2018, 10:32:13 AM |
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I'm going with Bitcoin, Random company, Nasdaq. I'd recognise that brute anywhere. Do a win a prize? Or do i only win if i accept the implications and act.... Correct! Now that you've identified that cryptocurrencies are in bear market, you can avoid the booby prize of hodling them!
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penig
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Activity: 266
Merit: 13
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January 26, 2018, 10:41:56 AM |
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I appreciate the similarities and have called them out myself, without the detailed analysis (anyone can see them if they pay attention). The question however is, where are we in the larger fractal pattern, are we in 2000 or 1998... how can we be sure? Selling here is a good exit point (for me), but misses out on potential x3-4 times increase.
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xxxx123abcxxxx (OP)
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January 26, 2018, 10:44:26 AM |
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JAN-08-2018: Roadmap of popular currencies are below; indicative of price and structure, not time. BTC: BCH: ETH: ADA: FCT: IOT: LTC: RDD: TRX: XEM: XLM: XRP: XVG: Expecting at least 35%-50% downside commencing in all cryptocurrencies this week starting 26-JAN-2018
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taeewo
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January 26, 2018, 09:08:13 PM |
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2018 Crypto Crash, Elliott Wave"mooning... to the dark side of the moon"- Cryptocurrency bubble appears to be over, and a spectacular crash and bear market seems imminent.
- Bitcoin may bounce towards approx $15500 on Bitfinex, followed by a crash towards $7000-$8000, and then eventually to $2000-$4000.
- Majority of other cryptocurrencies may cease to exist.
- Roadmap of popular currencies are below; indicative of price and structure, not time.
BTC: BCH: ETH: ADA: FCT: IOT: LTC: RDD: TRX: XEM: XLM: XRP: XVG: Much obliged if somebody with a more established account can properly paste the above temporary linked images into the forum here —would be good to see if the analysis stands the test of time! P.S. It is most unfortunate that people of Reddit have chosen to bury, down-vote and delete all posts of this subject matter. Come on Redditors, up-vote and let's go! Just a normal crash, you guys will be causing fud... Bitcoin will surely bounce back as this not the first time such declined will occur..
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xxxx123abcxxxx (OP)
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January 26, 2018, 09:14:34 PM Last edit: January 31, 2018, 06:14:32 AM by xxxx123abcxxxx |
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Interesting to note that every Sunday in 2018 thus far has seen the start of a sell-off averaging in 28% declines over the next 4 days... (P.S. last caption ought to be Sun 28 Jan 2018 —doh! ) https://redd.it/7t7kbl
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xxxx123abcxxxx (OP)
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January 28, 2018, 08:31:31 AM |
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Additional short trade setup ahead of the CME futures 26-JAN-2018 expiration as follows: BTC/USD (COINBASE) OPEN = 11146 CLOSE = 8065 STOP = 11690 RISK = 4.9% REWARD = 28% https://i.imgur.com/XIL5Jqr.png1. ^ This trade has been stopped out at a loss.
Short position ordered at $12485 with a stop-loss at $13017 on BTC/USD (Bitfinex).
2. ^ This trade is still active.
3. Idealised and speculative Elliott Wave model indicative of price and structure, not time: — https://i.imgur.com/ukNPCjy.png — https://i.imgur.com/jWJRZYq.png
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Outlaw79
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January 29, 2018, 03:34:07 PM |
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By reading all these post I am depressed. I hope it won't happen as stated in some posts. I take these are precautions to keep in mind.
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Torque
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Merit: 5269
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January 29, 2018, 08:26:06 PM |
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Every chart and bearish outlook on this thread is just pure garbage.
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xxxx123abcxxxx (OP)
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January 30, 2018, 06:15:05 PM |
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Short position ordered at $12485 with a stop-loss at $13017 on BTC/USD (Bitfinex).
1. ^ This is trade is now 20% in profit, and the stop-loss has been revised to 12190; no losses can occur on this trade now. 2. ^ This is trade is now 10% in profit, and the stop-loss has been revised to 11354 to break even; no losses can occur on this trade now.
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muf18
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January 31, 2018, 02:14:49 AM |
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One of the few, that actual see what's going on. Great analysis.
"FUD" naysayers to the author - let's see how this unfold, for now you are proven wrong.
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Enjel
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Merit: 21
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January 31, 2018, 02:29:10 AM |
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One of the few, that actual see what's going on. Great analysis.
"FUD" naysayers to the author - let's see how this unfold, for now you are proven wrong.
The price action is normal, and 8k-10k was predicted months in advance. The target is still 30k. The elliot wave history of Bitcoin has been a first drop (down from 19k to 11k), then a bounce back up, then one more plummet (down to 9k in this case), and then a new ATH of about 3x what the bottom was. Couple the fact that this general historical pattern also coincided with January, and you get this. Being "proven wrong" means nothing when your shorts make very little, but buying at 9k and selling at 13k, then rebuying makes much more sense.
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Using crypto to pay for college.
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xxxx123abcxxxx (OP)
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January 31, 2018, 04:46:36 AM |
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The price action is normal, and 8k-10k was predicted months in advance. The target is still 30k. The elliot wave history of Bitcoin has been a first drop (down from 19k to 11k), then a bounce back up, then one more plummet (down to 9k in this case), and then a new ATH of about 3x what the bottom was. Couple the fact that this general historical pattern also coincided with January, and you get this. Being "proven wrong" means nothing when your shorts make very little, but buying at 9k and selling at 13k, then rebuying makes much more sense.
Master short position was opened on the 08-JAN-2018 at $16,000 during the first post on this thread; and is going to be hodl'ed all the way until $1,000 (BITFINEX).
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Enjel
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Activity: 70
Merit: 21
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January 31, 2018, 04:51:15 AM |
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The price action is normal, and 8k-10k was predicted months in advance. The target is still 30k. The elliot wave history of Bitcoin has been a first drop (down from 19k to 11k), then a bounce back up, then one more plummet (down to 9k in this case), and then a new ATH of about 3x what the bottom was. Couple the fact that this general historical pattern also coincided with January, and you get this. Being "proven wrong" means nothing when your shorts make very little, but buying at 9k and selling at 13k, then rebuying makes much more sense.
Master short position was opened on the 08-JAN-2018 at $16,000 during the first post on this thread; and is going to be hodl'ed all the way until $1,000 (BITFINEX). I guarantee you there are much better ways of making less than 2x profit in this market lol. Also, I wouldn't take that high of a risk of the dollar not existing anymore by that time.
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Using crypto to pay for college.
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muf18
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January 31, 2018, 07:27:47 AM |
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One of the few, that actual see what's going on. Great analysis.
"FUD" naysayers to the author - let's see how this unfold, for now you are proven wrong.
The price action is normal, and 8k-10k was predicted months in advance. The target is still 30k. The elliot wave history of Bitcoin has been a first drop (down from 19k to 11k), then a bounce back up, then one more plummet (down to 9k in this case), and then a new ATH of about 3x what the bottom was. Couple the fact that this general historical pattern also coincided with January, and you get this. Being "proven wrong" means nothing when your shorts make very little, but buying at 9k and selling at 13k, then rebuying makes much more sense. What? Show my a chart with this elliot wave chart. Even basic TA would say, that we are in frickin downtrend from at least 2 weeks. And no, it's not a correction only, it's 50% from ATH, so it's a crash already. The same correction was in 2014. And pattern is set, everyone will play it. Doesn't matter Mt.gox, now we have also very bad exchange such as bitfinex, which can be shutdown, bringing 25% of whole money invested in crypto down (which is even more likely now then ever). I agree we see a bounce to 13-14K, the same as 2014, but it will be a bull trap. We have gotten out of triangle with a downturn, and price action is very weak. Now saying 30K is target is like saying that gold is going to 2.5K in this year.
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legenduim
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January 31, 2018, 12:53:35 PM |
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By reading all these post I am depressed. I hope it won't happen as stated in some posts. I take these are precautions to keep in mind.
Right - keep this information in your mind, but never be depressed with it. Just go ahead with crypto currency: trade! Sooner or later you'll get the profit.
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