Cup with handle | Bitcointalksearch.org

moonblocks

full member

Activity: 714

Merit: 100

3... 2... 1... Launch!

Quote from: MarquiseMuseum on February 09, 2018, 11:21:58 PM

http://tradingroom.tech/chart-patterns/cup-and-handle-patterns/

100% upside in small cap market until btc 10k (10/2 prices), should hit within a few days, good sell level. Desire is only 1 example, most small caps are in this formation right now

2018 outlook:

Stock market crash = crypto +1000%

Tether confirmed fraud = crypto -90%

Recommendation = 50% cash 50% crypto on completion btc 10k alts +70-100%

I presume these estimates are a little exaggerated

Tether can't be propping up the price of Bitcoin by that much! Shocked

BillCoin

sr. member

Activity: 476

Merit: 259

Tether confirmed fraud won't do so much damage at the long run to bitcoin.
We should put into consideration that about 85% of the tether worldwide is being traded against altcoins and not against bitcoin, which means that in the case of a crash altcoins are going to suffer much more then bitcoin is going to.
I believe that considering the 2.5B tethers that exists in the market, in case of a completely fall of all the tethers( bitfinex exits and no one can pay for the tethers) the altcoin market is going to fall by about 25-30%, and bitcoin is going to fall by about 20%.
It's going to hurt for the short term, but in the long term it's not going to have a very big impact on the market.

Baofeng

legendary

Activity: 2576

Merit: 1655

I don't think that we should sell when it hit $10K levels in the next coming days. Why would you do that? Stock market crash doesn't necessarily means that traditional investors will go to crypto. They will rather wait it out. I'm not sure though if this is bitcoin. But one thing I'm aware of, bitcoin is already regaining and I have to agree with you that it can hit $10K in the next coming days or weeks.

btcone111

full member

Activity: 266

Merit: 110

Quote from: MarquiseMuseum on February 09, 2018, 11:21:58 PM

http://tradingroom.tech/chart-patterns/cup-and-handle-patterns/

100% upside in small cap market until btc 10k (10/2 prices), should hit within a few days, good sell level. Desire is only 1 example, most small caps are in this formation right now

2018 outlook:

Stock market crash = crypto +1000%

Tether confirmed fraud = crypto -90%

Recommendation = 50% cash 50% crypto on completion btc 10k alts +70-100%

Stock market crash = crypto - 50%
bitcoin is now heavily negatively correlated to VIX - which is negatively correlated to stock market.

MrBigHang

jr. member

Activity: 55

Merit: 1

Yeah, it's not bitcoin. What is this and where is the cup and handle.

ktabb

full member

Activity: 266

Merit: 103

What is this a chart of? Not bitcoin...

MarquiseMuseum

member

Activity: 744

Merit: 29

www.MarquiseMuseum.com

http://tradingroom.tech/chart-patterns/cup-and-handle-patterns/

100% upside in small cap market until btc 10k (10/2 prices), should hit within a few days, good sell level. Desire is only 1 example, most small caps are in this formation right now

2018 outlook:

Stock market crash = crypto +1000%

Tether confirmed fraud = crypto -90%

Recommendation = 50% cash 50% crypto on completion btc 10k alts +70-100%

Topic: Cup with handle (Read 153 times)