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It's time to zoom out

BITSTAMP:BTCUSD   Bitcoin / Đô la
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5381 41
Euphoric finish on the super high timeframe charts here. One hell of a year we've had.

This is my opinion on how euphoric trends finish. You can see similar logic in the comments of my linked article on the oil             market bottom in 2015, and also the comparison chart shown here. When a trend compresses and becomes crazier and crazier... that's the candle you're looking for.

Though being real, I've been bear for quite a long time on this market. Bit too early, #weakhands. But this is just ridiculous. We need to cool off for a while. Not to mention end of year positions closing.
Bình luận: This is the kind of example I've had in the past on the structure of falling wedges and euphoric finishes for markets.
Bình luận:
Bình luận: This chart is aging well.

Dip buyers should start preparing.
Bình luận:

7000 to watch
Giao dịch đang hoạt động:

Buy the dip, average down your spot buys. I'm 50% deep
Bình luận: 80%
Bình luận: 100%

Margin long capitulation is all I'm watching now

Price is in freefall, capitulation candle. Shit is getting spicy
Bình luận: Daily close looks promising. Record 1D volume on all exchanges, green hammer seems probable. Choo choo.
Bình luận: $1500 in profit, took off a third of the posistion

Bình luận:

50% scaled out of the posistion, daily RSI has broken out, quarterlies out of sellers after closing into the margin short liquidation.

Let's goooooo
Bình luận: 75%
Đóng lệnh: đạt mục tiêu: #weakhands

All out, thanks for the ride.
Bình luận:

can you kindly update this chart please? :)
+1 Phản hồi
Is it looking like another failed attempt at break from downtrend line or a repeat from the previous time it double bottomed?
+1 Phản hồi
@lowstrife PUMP, PUMP, PUMP! https://cointelegraph.com/news/breaking-mobile-payments-app-circle-acquires-crypto-exchange-poloniex-for-400-mln


"The same situation with cryptocurrencies, but this is only the beginning" Master EXCAVO
Phản hồi
that little scirbble was spot on +1
+2 Phản hồi
Does this mean you're no longer long on btc and hold no position? Do you see a new ATH in the near future?
+1 Phản hồi
@Lirio, IMHO I would say yes to your first question. To your second, IMHO $50,000 BTCUSD by the end of 2018.
Phản hồi
Please give your updates in our language :) we are just poor noobs who doesnt understand too much technical :) what does it mean %75? is it good or bad? hahah :) thanks!
+1 Phản hồi
lowstrife erelerel
@erelerel, Previous comments I said 50% scaled out of posistion

now it's 75
+2 Phản hồi
erelerel lowstrife
@lowstrife, im sorry, thank you! :)
+1 Phản hồi
Are you saying up?
+3 Phản hồi
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