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Thread: Is Bitcoin about to crash?

  1. #21
    Quote Originally Posted by ;
    [...] this is actually just an experiment to see how well BTC responds to the specialized parameters I've set on all my charts. [...]
    Perhaps you should have chosen a different title then? Just saying.

  2. #22
    Actually, my Daily 100sma, which is significant in terms of potential support than a round number, is still a little below the price nevertheless at 9,760. If 10,000 breaks, which can be touch and go at this time, it may fall hard through down any support as low as you like, or else, it may hit a large moving average such as this daily 100sma, and pop straight back up, just like the Dow did on March 10th, 2009, as it was falling like a rock until it struck on the bi-monthly 200ema, stopped dead in its tracks, and turned north, barely awaiting. I remember that day.

  3. #23
    nah, you ought to be buying it.

    When everybody thinks its going to explode, you short it. When everyone thinks will wreck you buy it. Simple as... trading.

    Actually when to think about it, it is a pretty much great gamble trade in the moment - it rolls the's bar long tail and also the price is close to a massive support of this china news. Look throughout the lousy china news - there must be buying. Sl bellow the gap before the news.

    I would still prefer trading the euro/usd, tho - distribute and margin are much, much better, you can exchange it even 5 minutes interval and btc is volatile and lacks rewards.

  4. #24
    Any confirmation there could happen to be of a reversal has vanished today, and she's on another leg down I'd say. Daily 100sma broken, so that I think.

  5. #25
    Anybody see this support, because it can't be seen by me. The possible support I have is 8000. I was thinking once 10,000 broke we'd drop $2000 in the blink of an eye....taking a breather before the evening session?

  6. #26
    Quote Originally Posted by ;
    nah, you ought to be buying it. When everybody believes its going to burst, you it. When everybody thinks is going to crash you buy it. Easy as... trading. picture
    Depends who you mean by everybody - the naive investor, or the seasoned expert. Your logic will see you killed off very quickly indeed.

  7. #27
    None of the woods yet, but my moving average order about the 30m chart , which was entirely bearish yesterday, has become broken, meaning that a greater one has now crossed under a lesser one, which, in the event, in accore with my machine, take off the edge the selling pressure, never remove it, however, but dull it. It usually means that 9,180's reduced now we saw may not be broken from this position, so the price should consolidate and move up, at least until it climbs and rolls around for new lows. The time frames that are greater continue to be extremely bearish though, with MAs all in their correct order. If it climbs from here, it will surely fall, and it is only then that we'll understand whether BTC is bottoming out, or shoving for another leg down.

    Growing from here, then decreasing again but to a greater low, can pull in new buyers. Breaking the current low though and 8000 awaits.

  8. #28
    Quote Originally Posted by ;
    Not out of the woods yet, but my moving average order about the 30m chart , which was entirely bearish yesterday, has become broken, meaning a greater one has crossed beneath a lower one, and that, in the end, in accore with my machine, take the edge off the selling pressure, not eliminate it, however, but dull it. It means 9,180's low today we saw might not be broken out of this position, so the price should consolidate and move up, at least until it rises and rolls over for new highs. The greater time frames continue to be extremely bearish...
    It might help to view the larger picture. Japan and South Korea are thinking about restricting how we could use cryptocurrencies. Bitcoin has an equal prospect of falling more.

  9. #29
    Quote Originally Posted by ;
    quote It might help to see the larger picture. South Korea and Japan are thinking about restricting how we can use cryptocurrencies. Bitcoin has an equal chance of falling longer.
    Yes, thank you for that. The fundamentals are significant but I have not discussed them here as I like to focus on my chart graphics. This doesn't mean they should not be discussed here and I welcome some input from a fundamental perspective.

  10. #30
    If I had been invested in this Bitcoin bubble, then I'd be carrying at least a 50% take profit ASAP. Talk about market control; it.

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