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Thread: Is Bitcoin about to crash?

  1. #31
    Looks like people are dumping BTC and buying EUR

    Quote Originally Posted by ;
    quote Depends who you believe by everyone - the naive investor, or the experienced expert. Certainly your logic will notice you killed off very quickly.
    The thing about this is that folks buying Cryptos are unleveraged, unless they are buying the futures broker-bets.
    Thus you might find a sore buttocks however, you should have something left at the end, assuming the trades will pay....

    I see the next support from the 7800 ~ 8200 range. It is obvious about the daily chart.

  2. #32
    Quote Originally Posted by ;
    quote It might help to see the larger image. South Korea and Japan are considering restricting we can use cryptocurrencies. Bitcoin has an equal probability of falling longer.
    Does this larger image include the fact that South Korea would like to regulate exchanges that charge 30 percent more for crypto?

    The business needs regulation and long term/bigger picture will probably be good for BTC and crypto

    for Each bad news crypto story out there there is a counter balancing great news story (and alot of doomsday / misinformation news pieces inbetween)

    Signal of the bottom of this sell off I suggest will probably be (MSM and zerohedge/FF)

    great news events from Asia
    crypto endorsement from 'leading banker/investment business'

    price will rise rinse and repeat

  3. #33
    Quote Originally Posted by ;
    Down movement is not over:9700, 8700, 8000. . .or so.
    9700 reached, soon it'll visit 8700. That is already 8000. So....doesn't need imagination for completion...

  4. #34
    BTC did indeed rise as I thought it would as per my last article, and now has rolled over from their 30m 100sma, although it did breach it a little. The test is to see if it could break through yesterday's low. Or, put in a higher low before rising to breach then and the 100sma the 200ema, which may see it rise back towards 13,000.

  5. #35
    Quote Originally Posted by ;
    Bitcoin ... but downside risks remain ...
    I believe same. . .for now market maintain high morale of buyers before crush into 8000 - 7600...

  6. #36
    Quote Originally Posted by ;
    quote I believe same. . .for now market keep high morale of buyers prior to crush into 8000 - 7600...
    you believe it's got further to fall do you? Well, you may be right, but consider these daily candles. I believe it's now led to 13,600 at least. There will probably be a pullback from 13,500 - 14,000, so that will be a test. If it cannot put in new lows, then I believe we can observe the bout of actual buying to carry it over 20,000 and then who knows how high. People who missed out on 2017s good Bitcoin bull run may be being presented with another bite at the apple

  7. #37
    All of these AI bots that monitor opinion can be duped by fake news, as they cannot ascertain what is honest and what is misleading He! He! He!

  8. #38
    Quote 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.

  9. #39
    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.

  10. #40
    .... I am getting a bit nervous about my inventory holdings

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