15-JAN-2018 Crypto Black Monday

[sjefdeklerk]

!! 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.

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/

[sjefdeklerk]

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.

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.

[svdleer]

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.

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.

[sjefdeklerk]

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

[xxxx123abcxxxx]

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

[sjefdeklerk]

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

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

[DustyRah]

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 ?

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

[sjefdeklerk]

SHORTING with MARGIN

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.

[Bloomie]

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

[sjefdeklerk]

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

[xxxx123abcxxxx]

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

[joshy23]

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

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.

[xxxx123abcxxxx]

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

[sjefdeklerk]

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

[sjefdeklerk]

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 ...

[kwukduck]

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.

[Rub3n]

Well there it goes indeed, have a great day!

[buwaytress]

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.

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.

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.

[xxxx123abcxxxx]

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.

Godspeed !

P.S. its still MONDAY in Hawaii ! 

[sjefdeklerk]

You might want to put off your expert predictions for now, as it has already dipped below $11k today.

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