Cash hedge, liquidation 25k, keep scaling in from small to high price and let it ride to the ground. The higher the price, the bigger the profit, keep adding positions and cash hedge when need to, preferably futures over swaps.
Regulations coming faster than anybody thinks, goxed bagholders wanting to gtfo at best price possible, especially before end of year for taxes before new taxlaw is passed in Europe.
Crackdown on a) exchanges and b) manipulators (individuals/groups) in the West & East are expected, tether and finex court case still ongoing, asset forfeitures market sold, strict Korean regulation in the making (I don't see Bithumb (with their free fee and rebate structure, with their bots, washtrading and moneylaundering) last, at all) and I could go on and on and on.
No new money coming in, market is contracting (fiat going out), yet this f#cking tethers keep coming back in the market. Complete unsustainable and fake shitshow.
Run or cry later. Accumulate bitcoin, sell all shitcoin (like previous 3 bubbles, they go back to -98% at best and -99.9% at worst from ath).
Contrary to what people believe, regulations will cause the greatest bullrun ever, after manipulators have capitulated and market dumped their bags. You cannot compete vs the central banking system played by Wallstreet, competitors are eliminated by any means.
Play the game or be played.
Regulations coming faster than anybody thinks, goxed bagholders wanting to gtfo at best price possible, especially before end of year for taxes before new taxlaw is passed in Europe.
Crackdown on a) exchanges and b) manipulators (individuals/groups) in the West & East are expected, tether and finex court case still ongoing, asset forfeitures market sold, strict Korean regulation in the making (I don't see Bithumb (with their free fee and rebate structure, with their bots, washtrading and moneylaundering) last, at all) and I could go on and on and on.
No new money coming in, market is contracting (fiat going out), yet this f#cking tethers keep coming back in the market. Complete unsustainable and fake shitshow.
Run or cry later. Accumulate bitcoin, sell all shitcoin (like previous 3 bubbles, they go back to -98% at best and -99.9% at worst from ath).
Contrary to what people believe, regulations will cause the greatest bullrun ever, after manipulators have capitulated and market dumped their bags. You cannot compete vs the central banking system played by Wallstreet, competitors are eliminated by any means.
Play the game or be played.
Comment:
If you want make easy profits, watch for reject candles, it will form a range, just 25x the bottom and top wicks each day all day this shit is doing 100% retraces since May, "liquidity issues" my ass, just exchange bots and market manipulators at work, screwing up the last little money of fish that is still in this market who overleverage or use tight stops and banking on position interest.
Short with futures and stay away from most if not all crypto exchanges.
Show me which other market the worst traders and joe fomos can make close to 100% wins, ridiculous shit market. Probably fiat in this market is less than 10% and 100m tethers can pump or dump this magical mcap by billions on empty books or washtrades, since they control most of the supply.
Well, guess what, if those guys have most supply of any coin, it's matter of time before something better comes out and it gets obsolete and tech gets obsolete fast. They can sell the bottom when there is no demand and that will happen one day, when I don't know. If the old guys want to take over, then I assume they will go after the new guys (exchanges) to get their assets.
Those exchanges probably share books to see which are net long/short and going all against them at the same time before reversing after they taken out their stops or liquidate them.
Meanwhile, you can make more money scalping energy stocks in 15 minutes than 1 week of crypto, even intraday trading stocks like facebook, amazon, oil or cannabis.
And when we do another fake bullrun fakeout of triangle, they will crash it hard. 4 weeks up correction undone in 1 hour.
Or they just crash it and upwick 20% to liquidate all bottom shorters before going down and that WILL happen, make no mistake about it, you're going to see 10-20% wicks when we go down or exchange simply goes offline with all kinds of shit excuses and of course some flash crashes can happen again. Dejavu anyone?
So in the end, the old world crooks gonna take over the new world crooks, but in reality, they are one and the same kind of people and we know that from history, since those kind of people kill eachother to take over control, so enjoy the shitshow that is crypto right now going to the sewers soon. Meanwhile, this crypto twitter is full of bulltards, but I doubt those guys even trade, because they would have been already floored by buying the tops before we hit the bottom. I'm sitting on the sidelines with some popcorn. Adios amigos!
Short with futures and stay away from most if not all crypto exchanges.
Show me which other market the worst traders and joe fomos can make close to 100% wins, ridiculous shit market. Probably fiat in this market is less than 10% and 100m tethers can pump or dump this magical mcap by billions on empty books or washtrades, since they control most of the supply.
Well, guess what, if those guys have most supply of any coin, it's matter of time before something better comes out and it gets obsolete and tech gets obsolete fast. They can sell the bottom when there is no demand and that will happen one day, when I don't know. If the old guys want to take over, then I assume they will go after the new guys (exchanges) to get their assets.
Those exchanges probably share books to see which are net long/short and going all against them at the same time before reversing after they taken out their stops or liquidate them.
Meanwhile, you can make more money scalping energy stocks in 15 minutes than 1 week of crypto, even intraday trading stocks like facebook, amazon, oil or cannabis.
And when we do another fake bullrun fakeout of triangle, they will crash it hard. 4 weeks up correction undone in 1 hour.
Or they just crash it and upwick 20% to liquidate all bottom shorters before going down and that WILL happen, make no mistake about it, you're going to see 10-20% wicks when we go down or exchange simply goes offline with all kinds of shit excuses and of course some flash crashes can happen again. Dejavu anyone?
So in the end, the old world crooks gonna take over the new world crooks, but in reality, they are one and the same kind of people and we know that from history, since those kind of people kill eachother to take over control, so enjoy the shitshow that is crypto right now going to the sewers soon. Meanwhile, this crypto twitter is full of bulltards, but I doubt those guys even trade, because they would have been already floored by buying the tops before we hit the bottom. I'm sitting on the sidelines with some popcorn. Adios amigos!
Comment:
Possibility exists for a crash down to 1-2k straight in one hour, ranging and finding lower levels below 1k when stock markets crash. Many red flags in the macro economic sectors. It's a POSSIBILITY and lower than my bottom prediction, but I'm prepared in case SHTF.
I expect crypto to be a bloodbath when this happens. Dot com bubble is one thing and very small compared to the entire economic structure falling down.
I'm not a financial advisor, but I will give my opinion that I would not invest in any crypto before everything is cleared up and signs of health are showing. As for trading, trade at your own risk, I'm not going to tell you what to do.
See my stock index idea @
I expect crypto to be a bloodbath when this happens. Dot com bubble is one thing and very small compared to the entire economic structure falling down.
I'm not a financial advisor, but I will give my opinion that I would not invest in any crypto before everything is cleared up and signs of health are showing. As for trading, trade at your own risk, I'm not going to tell you what to do.
See my stock index idea @
Comment:
Quick update:
Since nobody is buying this crap, they will manipulate it upwards to make it look bullish. Don't be fooled, even when they pump on empty books to 7.25-10k, it's not bullish, especially when manipulators like Novogratz, Lee, CNBC and all crypto fakenews websites operated by whales and manipulators are trying to convince you this is the bottom so they can slowly sell their inventory to you before they dump the rest, which is all extra profit (since the big money has already been made) to run stops and overleveraged traders and there is a saying, the last investors and overleveraged traders will be floored before we hit rock bottom.
Best thing to do is CASH OUT and come back in 1-4 years and at MINIMUM after regulations. At least you don't risk to lose everything, because even if you made 10000%, if you cannot cash out, what's the point.
I've been saying since January and in my idea in February they're going after exchanges, confiscating their coin and market dump it, so that is a matter of time and if finex or binance runs with the coin, then bitcoin is not an investment, because a small group owns almost all coin (monopoly) and you better off investing in hashgraph.
Do you even know why fiat exists? Because without it, I'm willing to bet you wouldn't be reading this under servitude. I've also explained the psychology of those people, they will not quite unless they are FORCED to kneel, they will never voluntary give up, it's in their nature and I've been warning you about the move to decentralized exchange so they can CONTINUE the fraud and manipulation. They're just playing with the law to extend their time to play games.
Bitcoin experiment has already succeeded after massive propaganda by the powers that be so they can introduce their own solution in a cashless society (up to a point of billboards in the most poor countries of Africa). It's not even necessary to have a bullrun to break 19.8k and this could very well be the top forever (just like gold at 1900 in a bear market that might take longer than half an average human life).
Don't be a fool like 99% of cryptotwitter or the masses here that are bearish or bullish after each $50 move. Wait for the big cleanup, especially 2019, your money is not safe at exchanges, at all. That being said, you can play with money you can afford to lose to set low ball offers in the books at non-tether exchanges that have a proofable fiat reserve, because I'm very sure most of the exchanges are insolvent when we break 6k, as the fractional reserve banks as they're, defeating the entire purpose of "decentralized"/"blockchain"/"crypto".
Since nobody is buying this crap, they will manipulate it upwards to make it look bullish. Don't be fooled, even when they pump on empty books to 7.25-10k, it's not bullish, especially when manipulators like Novogratz, Lee, CNBC and all crypto fakenews websites operated by whales and manipulators are trying to convince you this is the bottom so they can slowly sell their inventory to you before they dump the rest, which is all extra profit (since the big money has already been made) to run stops and overleveraged traders and there is a saying, the last investors and overleveraged traders will be floored before we hit rock bottom.
Best thing to do is CASH OUT and come back in 1-4 years and at MINIMUM after regulations. At least you don't risk to lose everything, because even if you made 10000%, if you cannot cash out, what's the point.
I've been saying since January and in my idea in February they're going after exchanges, confiscating their coin and market dump it, so that is a matter of time and if finex or binance runs with the coin, then bitcoin is not an investment, because a small group owns almost all coin (monopoly) and you better off investing in hashgraph.
Do you even know why fiat exists? Because without it, I'm willing to bet you wouldn't be reading this under servitude. I've also explained the psychology of those people, they will not quite unless they are FORCED to kneel, they will never voluntary give up, it's in their nature and I've been warning you about the move to decentralized exchange so they can CONTINUE the fraud and manipulation. They're just playing with the law to extend their time to play games.
Bitcoin experiment has already succeeded after massive propaganda by the powers that be so they can introduce their own solution in a cashless society (up to a point of billboards in the most poor countries of Africa). It's not even necessary to have a bullrun to break 19.8k and this could very well be the top forever (just like gold at 1900 in a bear market that might take longer than half an average human life).
Don't be a fool like 99% of cryptotwitter or the masses here that are bearish or bullish after each $50 move. Wait for the big cleanup, especially 2019, your money is not safe at exchanges, at all. That being said, you can play with money you can afford to lose to set low ball offers in the books at non-tether exchanges that have a proofable fiat reserve, because I'm very sure most of the exchanges are insolvent when we break 6k, as the fractional reserve banks as they're, defeating the entire purpose of "decentralized"/"blockchain"/"crypto".
Trade closed: target reached:
Target hit 4.22k. Too bad the chart is line, because it bounced almost 200 pts now. Bounce soon, can go to range 3.8k still.
Trade closed: target reached:
And another target hit 3.2-3.3k... Next 1.6k and 2k (maybe short term bounce 2.5k)... But if there is any potential bounce area, it's here at ~3.2k (higher than 3k), for many people something insignificant, but the technicals show this as support for a looong time. I don't believe there is anything at 3k... I see most people think 3k is the bottom, lol, I don't think so, let's see. Vision at 1575, maybe that will be a wick only. 3 digits is reserved for a black swan event, same as to the upside of 7250.
For those prices, most people on here can buy a bitcoin... buy at least one (and don't go all in, just scale/buy in pieces of that total sum of 1) and never sell unless you really need it, like when you need to rebuild after a war or something. When you buy it, consider it lost forever so you don't have any emotional attachment to that fiat value.
And yeah, it can be a total disaster, but it will never go to 0 either, personally I think one more big bullrun is coming, albeit slower pace.
Most of you are here from late 2017 when you wanted to buy, now when prices are way cheaper, nobody wanna buy, amazing. There are more dormant addresses than ever and even if you hate crypto, you still gotta admit it's the perfect ponzi ever created known to mankind, so why not gamble a bit :-)
For those prices, most people on here can buy a bitcoin... buy at least one (and don't go all in, just scale/buy in pieces of that total sum of 1) and never sell unless you really need it, like when you need to rebuild after a war or something. When you buy it, consider it lost forever so you don't have any emotional attachment to that fiat value.
And yeah, it can be a total disaster, but it will never go to 0 either, personally I think one more big bullrun is coming, albeit slower pace.
Most of you are here from late 2017 when you wanted to buy, now when prices are way cheaper, nobody wanna buy, amazing. There are more dormant addresses than ever and even if you hate crypto, you still gotta admit it's the perfect ponzi ever created known to mankind, so why not gamble a bit :-)
I'm not trusting any exchanges with their liquidation and sl hunt bots, they play their own f#cking books. Saw it live when the buywalls removed so they dump several btc so you get stopped out selling the bottom 50 btc when just before that a buywall of 50pcs of your order size magically pops up and gets executed.
NOBODY knows your SL and size except the exchanges. One time, okay, two times okay, but last several months happening over 10 times not only for me, but for friends as well.
Also, Bitmex outage for a lot of us at the time of the triangle break, so no orders could go in. Same for Kraken with magical internal errors. F#cking shit exchanges are worse than the most shady forex brokers you can imagine.
At this point, better to cash out than to get mtgoxed. When buy btc, send to private wallet. If you keep trading, keep everything off the f#cking books, use bots if need be or do everything with hand and alarms.
Also, mtgox only returns of btc at the price of mtgox collapse, what a f#cking joke, that is less than 10% of current worth. Those early guys got lucky when Kobayashi sold them in cash for the price it was traded...
Crypto full of scammers, fraudsters and criminals. I capitulate.
When those exchanges get shutdown or do it themselves because suddenly they got "hacked" and tether explodes, enjoy your 2-3 digits btc. Forget about TA, the rally started at 3 digits at the tether times, so your entire TA is based on false premises, just as mtgox had fakemoney propping up the price 15x.