This bear market isn't over. We'll be returning to the 50s or lower within the next few weeks at most.
this.
Topic: Yet another analyst :) - page 14. (Read 269594 times)
this.
This bear market isn't over. We'll be returning to the 50s or lower within the next few weeks at most.
Honestly though, the most imminent big trade is not in Bitcoin IMO, it's short the S&P. I think the top is in as of the ATH @ 1687.18. This next year or two should be a wild ride once we start to finish these stupid 1-2s and get some real downside momentum going 
+1
1-2s ?
Nice one lucif !
Now resistance is approaching... sold yet or aiming for higher ?
Now resistance is approaching... sold yet or aiming for higher ?
good call lucif!
Short buy everything below $70.
Daily sma 200 should rebound.
Hehe Daily sma 200 should rebound.
Honestly though, the most imminent big trade is not in Bitcoin IMO, it's short the S&P. I think the top is in as of the ATH @ 1687.18. This next year or two should be a wild ride once we start to finish these stupid 1-2s and get some real downside momentum going
+1
I still don't think that the bear will last for multiple years as Birght Anarchist says, for sure many months to come, but 2/3 years seems a bit too much for BTC standards. Anyhow, BrightAnarchist got it right so far, let's grab some popcorn and see how this plays out.
Thanks mate! Yeah I'm far more bearish on Bitcoin than anyone else I've come across (aside from the idiots that don't grok Bitcoin of course)... but super-long-term I still strongly believe in crypto-currency technology. I'm basing my multi-year bear market opinion on BTC on the fact that (1) I believe it's a "risk-on" asset, not a "risk-off" and (2) I believe the top is one degree larger than the 2011 bubble, and thus the resulting bear should be commensurate with that (3) my estimated time-frame for the the Kondratieff cycle to bottom, which should include equities, real-estate, bonds, and commodities. It will eventually end when all the debt is destroyed (along with most of the financial system) and then deflation will run out of steam and yield to the inflation that the Fed will create in response. That's when I'm going to be buying Bitcoins again.
Honestly though, the most imminent big trade is not in Bitcoin IMO, it's short the S&P. I think the top is in as of the ATH @ 1687.18. This next year or two should be a wild ride once we start to finish these stupid 1-2s and get some real downside momentum going
You should laugh, but I have a feeling, based on special subset of my indicators, which says that my short buy @~65 may transform into long position. 30% probability estimation.
Really good call on this!
Aren't you supposed to wait for a climb near $100 before saying good call?
For what's it's worth, kudos Lucif on the first part of your prediction. (The short buy.)
You should laugh, but I have a feeling, based on special subset of my indicators, which says that my short buy @~65 may transform into long position. 30% probability estimation.
Really good call on this!
On a wave basis, we have 9 waves down from the July 21st high - specifically, looking like a wave 4 finished near $100 and we had a fifth wave impulse down from there to complete a larger impulse (9 waves visible on a chart is typical because it means one of the impulse waves extended, giving you 1-2-3-4-(1)-(2)-(3)-(4)-(5) in this case). So we could easily mean-revert back to $100 from here as a correction of the burgeoning Wave C downtrend.
You should laugh, but I have a feeling, based on special subset of my indicators, which says that my short buy @~65 may transform into long position. 30% probability estimation.
I agree with you, lucif. I've bought back quite some btc below 70, and have more bids in the high 50s, if we even reach those levels. Just taking my doubled btc profit here. The spec board is full of bulls pretending to be bears, and they will panic as soon as the pendulum swings the other way. Exciting times.
I won't panic. I don't need to squeeze as much as I can out of every movement.
Patience is the name of the game.
All I can say is that I've become a much better trader once I switched from being reactive to being proactive, but to each their own..
You should laugh, but I have a feeling, based on special subset of my indicators, which says that my short buy @~65 may transform into long position. 30% probability estimation.
I agree with you, lucif. I've bought back quite some btc below 70, and have more bids in the high 50s, if we even reach those levels. Just taking my doubled btc profit here. The spec board is full of bulls pretending to be bears, and they will panic as soon as the pendulum swings the other way. Exciting times.
I won't panic. I don't need to squeeze as much as I can out of every movement.
Patience is the name of the game.
You should laugh, but I have a feeling, based on special subset of my indicators, which says that my short buy @~65 may transform into long position. 30% probability estimation.
I agree with you, lucif. I've bought back quite some btc below 70, and have more bids in the high 50s, if we even reach those levels. Just taking my doubled btc profit here. The spec board is full of bulls pretending to be bears, and they will panic as soon as the pendulum swings the other way. Exciting times.
You should laugh, but I have a feeling, based on special subset of my indicators, which says that my short buy @~65 may transform into long position. 30% probability estimation.
Lol.
You should laugh, but I have a feeling, based on special subset of my indicators, which says that my short buy @~65 may transform into long position. 30% probability estimation.
Short buy everything below $70.
Daily sma 200 should rebound.
Daily sma 200 should rebound.
Conflicting_arguments_brain_hurts
short the USD
I think he means short-term buy, as in f( timeframe, direction )
A large portion of that was Bitcoinica forced liquidations (aka Zhoutonged)
Zhou is in the biz again doing coinjar.io
Short buy everything below $70.
Daily sma 200 should rebound.
Daily sma 200 should rebound.
Conflicting_arguments_brain_hurts
short the USD
A large portion of that was Bitcoinica forced liquidations (aka Zhoutonged)
+1 makes sense 
A large portion of that was Bitcoinica forced liquidations (aka Zhoutonged)
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