I made some analyses about the bitcoin yesterday. I posted a new one because I want a fresh idea.
Unfortanately I'm not sure the bitcoin drop is over yet. We should keep in mind bitcoin can drop further, with heavier drops on the bitcoin andthe alt-coins.
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If the bitcoin drops below the 17k on bitfinex, it's better to sell all our alt-coins and bitcoin. That's what we will do.
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We're shorting bitcoin.
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There is a falling wedge. If we break above the wedge we can open long positions.
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Here is a livestream from CNBC where Roger Ver gonna talk about bitcoin cash. This gonna be really big influance of the BCH price and bitcoin price.
In this post from goldbug1, he explained exactly my thoughts. Waiting is the best option. Let the market decide the direction before we open trades again!
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This technical analyse is still valid. We hitted the first red zone and now tropping till the zone around 13k usd.
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I close my short at 13.3k.
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We're closing at the target. We almost hitted the 13.3k Than we gonna buy a lot of alt-coins
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I bought a lot of alt-coins at the bottom! Thanks everyone. Tomorrow I'm gonna buy a new car. :)
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It's 5 in the morning, didn't sleep yet. Thanks all :)
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Is there interest in a payed telegram (signal) group?
In the past I had a lot of questions asking for tutoring technical analyse or if I had a payed signal group. I'm looking into this. I will only set it up when there is enough animo.
First of all I will make some note. I'm not the best trader or the best technical analist, there probably more experienced people out there, but i'm profitable and i'm right quite often. You can see it ur self on my tradingview account.
It will be expencive, because I will take time for everyone and it's a day-job to look for the best trading possibilties. The price will be 100 usd a month.
All my own trades I make, will be in the group explained and called the same time I make the trade. That are multiple trading ideas a day. I will talk with everybody about tradingstrategies and moneymanagement. Also people can ask me for personal trading related advice.
If interested u can PM me on tradingview or e-mail me at cryptopredictionstv@gmail.com.
At this point I believe you're a bit early to short bitcoin and I see more chance to get to our 1.272 fib target (21.5k), than your 13k target. imo we just had a 0.50 fib retrace with a bullish reversal, which is exactly what happend on our last correction from 17k to 14k.
The one thing I'm worried about is the fact that Coinbase will re-enable BCH trading in a few hours, which might cause short term liquidity spikes and panick seling. or FOMO. Nobody knows.
lgcasperwhite
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@bjhriemersma, Is there news regarding re-enable? I did not find ....:)
bjhriemersma
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@georgitsanev, yes. coinbase released a statement on twitter. BCH will resume trading in 1 hour.
@cryptopagao, crucial levels at 15-16k range, observe there
Mohamedeltoukhy
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Do you think you bought in a bit too early, bitcoin might go down to 8k, by some people speculations
cycler
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I have never seen anyone short bitcoin as well as you just did. congratulations.
NEVERMIND1234
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ohh man i think i gonna buy one too haha
MarcelMartins
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Impossible to sleep , agreed hahah, still, thanks a lot for your analysis man, consider the idea of creating a telegram channel, thanks a lot for your efforts.
The one thing I'm worried about is the fact that Coinbase will re-enable BCH trading in a few hours, which might cause short term liquidity spikes and panick seling. or FOMO. Nobody knows.