this is how it should play, but if we break that 3700 in the next few days ignore this
ideally this support at 3700 should be tested for a few weeks before it breaks,
how ever i could see BTC to 800/1300 aloot sooner than the chart trend
i have no real incentive to predict a strong V bounce as theres been lots of good news about BTC of late and it has not made...
3700 braking would be the most important time in BTC history,
i could see almost all venture capitalists admit defeat , almost all the average joe hodlers go,
december is make or break, yes the past shows big rises and drops but this time is different , there was no futures involved, no massive scrutiny by the media and autorities , and the banks woke up to the...
BTC IS STRUGGLING, im expecting bear hang around for at least a nother year.
target 600 dollars
cme futures manipulated it to all time high,so they could short it for a good 8 months
nothing to do with teather.
look how futures tamed gold prices.
BTC is now mainstream and we havent even had regulations yet
its been took out of the hands of me and you and a...
last ideas have played out.
BTC bubble is bursting
bitmex and manipulation have driven BTC for over a year and they are under investigation
they took it up to 20k to short it for 6 months
now we are heading back to crypto in the hands of the people who have been here for years
like i have said, last years all time high was manipulated ( see last posts)
futures was rumoured in november and a date givin to start trading. the price flew up to ATH where it was sold and people shorted it untill july/august.
twitter is shocking , macafee and Max Keiser are deluded. if they cant see this they have no business as BITCOIN spokesmen
as i said in my last posts- and if you look they were near enough spot on
the twitter idiots , some of them being hedge fund and investment guru's are wrong again
lets be clear- BITCOIN ROSE TO 20K because of the futures news last november, outsiders, came in and with whales drove it up to ATH then sold and kept shorting for 6 months while the " believers" kept...
this chart was from weeks ago As i said weeks ago, the volume was getting thin. this has nothing to do with hash wars or bitcoin cash forks. In bear you dont over do charts. firework over done charts are for bull runs.
the lines are all thats needed.
If this is not supported then look for a new bottom of 4800.
theres no volume.
lots of FOMO but no positive movement .
last years run was purely sending BTC to ATH so it could be shorted for 7 months.
The whales could return to send it to ATH to get another run of shorts but with SEC looking in to market manipulation and TUSD under suspicion its doubtful
short to 4k
its obvious that bears still have control and the bulls are on a lossing battle.
last year the ATH was outsiders pushing up so they could short at all time high on the news of BTC futures . sold late december and rode the futures untill july, this while the market was fud, fud and more fud it still mooned.
lots of positive news about BTC but no movement , so its...
Simple chart showing its accent and slower decent.
IMO bitcoin futures had more to do with this than some experts are saying.
Has no one noticed that the BTC futures expireing dates have always been in the days of low BTC price? and most went short?
Whales have moved in to BTC futures since they where listed.
They set their shorts in a suit and tie, get home and...