Thread: Is Bitcoin about to crash?

Originally Posted by ;

quote The FTSE 100 has met a resistance level of mine to the weekly tf in 7,800. Where it might continue to come another 500 points roughly down. It is still supported beyond, and however that I wouldn't like to say at the moment. It could be though as though it does fall back from this level into 7,300 or so in which there is plenty of support, there isn't any guaranteeing that it may get back to where it is now that it has peaked.

I have been anticipating the FTSE 100 to come back and kiss 7000, but perhaps it won't make that retrace. The EZ and US markets are picking up, particularly the EZ. That will push it through 8000 if we see a few expansion in China in a month. If you have a look at the flag shown on a 25-year (?) Chart the FTSE 100 has just busted resistance.

FTSE 100 firms are mainly global gamers, so the condition of the UK economic advantage is reflected more in the 250 or 350 indices.

Originally Posted by ;

quote Mainly UK and EU stocks. I have been around some time .... This up-trend has been rolling since 2010, that's a long moment. Just ten decades of uptrend preceded the crash of 1929. I guess I'm doubting that things can just continue up. That, after all, is precisely what was being said throughout most of 1929. I will be watching to your alert...

The FTSE 100 has met a resistance level of mine on the weekly tf in 7,800. From which it may continue to come down another 500 points or so. It's well supported past, and though that I wouldn't like to say right now. It could be though as in which there is plenty of support though it will fall back from this level to 7,300 or so, there is not any guaranteeing that it may return to where it is now that it's peaked.

Originally Posted by ;

We have up the move in Bitcoin I was expecting, almost carbon copy actually if you have a peek at the previous chart I posted, so I am quite pleased on front. I really have upward a gap from 11,360 , to where we reside, but do not know whether this is merely a gap in my charts or there was a real gap movement. Now the price is sitting above the H1 200ema at 12,600, so it ought to move on again from here that it has support, and we might see 13,600 quite fast even.

Not 13,600, its own can push up to 15,000, and maybe target is 20, 000

who know, just market will reveal, now its hard to tell up its push our down!

Originally Posted by ;

quote US stocks? As for me, I see no indiion whatsoever that are going to return or leads me to think that US stocks have peaked. It's all incredibly bullish right now, and it's merely the extent to which the Dow Jones and the SP have moved over their daily 200 moving averages that alerts you to the fact that they are way overbought, but as we all know, stocks can remain overbought or oversold indefinitely. I see no indiion of that happening, although they will come down, and come down hard. When I do, I will sound my alert....

Mainly UK and EU stocks. I have been around a while .... This up-trend was rolling.

The crash of 1929 was preceded by only ten years of uptrend. I guess I'm doubting that matters can only continue up. That, after all, is exactly what was being said throughout all 1929.

I will be watching to your alert...

We got up the transfer I expected, almost carbon copy in fact if you take a peek at the last chart I posted, so I'm quite pleased on that front. I have up a gap to where we reside, but do not know if this is just a gap in my charts or there was a real gap movement. Now the price is sitting over the H1 200ema in 12,600, therefore it ought to proceed up again from here now that it's 200ema support, and also we might see 13,600 quite quickly, maybe even by tomorrow.

Originally Posted by ;

.... I am getting a little concerned about my stock holdings

US shares? I see no technical indiion in any respect that are about to come down or leads me to think that US stocks have peaked. It is all incredibly bullish right now, and it is merely the point to which the Dow Jones and the SP have moved over their daily 200 moving averages that alerts one to the fact that they're way overbought, but as we all know, stocks can stay overbought or oversold indefinitely. They come down hard, and will come down, but I find no indiion of that happening yet. My alarm will be sounded by me while I do clock.

.... I am getting a bit nervous about my inventory holdings

Price always returns to its moving average, always. Look everywhere and you'll observe this to be true.

I have only copied this in the first post on this thread prior to Bitcoin started falling. It's a stage, and that, if some one of you reading this are relatively new to technical analysis, you will do well to remember. The farther away the price moves from the 200 day simple or exponential moving average, the more probable it is it is going to turn and go back towards them, and with US stocks being where they're right today, so much beyond their 200 MAs, this really is well worth bearing in mind.

BTC falling in the 200ema now. From here it can fall again to new lows, but I don't think it will. The fibs are significant here for me, the smallest being the 76.4% which currently is right on top of the S2 pivot at 9,855. Above the 61.8% @ 10,270, the 50% @ 630, and the 38.2 @ 960. I don't generally pay too much attention to the 38.2%, but in this example, I think there is an excellent chance that it might hold the price. When the 76.4 percent is reached and fractures, then short of a double bottom, Bitcoin is definitely lower.

Support and a turn around back north will be a relatively slow process, but based on the quantity of promotion pressure, a new low could unfold quite quickly.

It's normal pa activity for a floor to be discovered, a rally back up to a few of the large moving averages, a roll over, then a greater low prior to the price rallies back again. This is precisely what I am searching for here, unless the price falls to a new low which creates recreation only when one is thinking it is going to continue, turns north.

Originally Posted by ;

quote You think it's got further to fall do you? Well, you might be right, but look at those daily candles. I believe it's now led to. There will be a pullback, possibly from 13,500 - 14,000, so that will be a test. If it cannot put in new highs, I believe we could see the bout of actual buying to take it above 20,000 and who knows how high. People who missed out on 2017s great Bitcoin bull run might be presented with another bite at the apple right now, whether they realize it or not!!

It looks like PA is at a flag station which is descending. So it will slowly go lower until a breakout. Current top is 15,500 but in a few days it's going to be in the range you signify.