So, was I wrong? No I was right again and shorted close to the top (7131$) imgur.com/MxMu5n3.
I really wish I could see the face of the people that tell me what an amateur I am and how wrong and bad my posts are when the price savagely dumps on them :D
Anyway, in my idea "The end is nigh" I had a count, which is possible, but this is a second possibility.
Since both are possible, now it is the time for the bear to take profit to make sure they stay safe and this stays a win.
If you are interested, this is what I am doing:
Personally, I decided to bring back just a little bit of the funds I got out of crypto, because I am thinking maybe we leave complacency and it means moves get less boring, and anyway not only it is not much monye, but it takes less than a day to deposit and withdraw. With this I am buying little amounts of Bitcoin 6700-6900$
and if it goes up like my second count suggests I will send these to Bitmex so I am able to short more than just a few grans.
If the price just keeps going down now, well I will lose on that "long" which I will send to mex anyway, but my short is more important so I will make more than I lose anyway.
Ok not much to add, you know the reasons: going up with declining volume (look at 3D or weekly), resistance, market cycles, MA's, EW, bla bla bla whatever.
Maybe that big short that appeared recently will get squeezed too, as BTC goes to 8000+, giving us little fish a good place to short.
I suppose THAT will be when alot of the last bears turn bullish, and no one expects us to go visit 4-5000 yet?
And ETH is so not going to 400$, but I had to make a bullish call so the delusional suckers that got trapped into this ponzi stop threatening me in PM.
ETH $100 very soon lads (well.. the way crypto has been this year soon is 10 months "only"). But since its noise is 40% moves do not count on me to short that :)
* When you look at that 12345 it looks so overly bullish why is 5 so big? XD
But either top is around 8200, or top was 7400. It could also go top before 8000 BUT there is no major resistance here so that's not interesting.
I really wish I could see the face of the people that tell me what an amateur I am and how wrong and bad my posts are when the price savagely dumps on them :D
Anyway, in my idea "The end is nigh" I had a count, which is possible, but this is a second possibility.
Since both are possible, now it is the time for the bear to take profit to make sure they stay safe and this stays a win.
If you are interested, this is what I am doing:
Personally, I decided to bring back just a little bit of the funds I got out of crypto, because I am thinking maybe we leave complacency and it means moves get less boring, and anyway not only it is not much monye, but it takes less than a day to deposit and withdraw. With this I am buying little amounts of Bitcoin 6700-6900$
and if it goes up like my second count suggests I will send these to Bitmex so I am able to short more than just a few grans.
If the price just keeps going down now, well I will lose on that "long" which I will send to mex anyway, but my short is more important so I will make more than I lose anyway.
Ok not much to add, you know the reasons: going up with declining volume (look at 3D or weekly), resistance, market cycles, MA's, EW, bla bla bla whatever.
Maybe that big short that appeared recently will get squeezed too, as BTC goes to 8000+, giving us little fish a good place to short.
I suppose THAT will be when alot of the last bears turn bullish, and no one expects us to go visit 4-5000 yet?
And ETH is so not going to 400$, but I had to make a bullish call so the delusional suckers that got trapped into this ponzi stop threatening me in PM.
ETH $100 very soon lads (well.. the way crypto has been this year soon is 10 months "only"). But since its noise is 40% moves do not count on me to short that :)
* When you look at that 12345 it looks so overly bullish why is 5 so big? XD
But either top is around 8200, or top was 7400. It could also go top before 8000 BUT there is no major resistance here so that's not interesting.
Nota
So many longs liquidated. RIIIIP.Every where I am seeing people using CNBC as a counter indicator, and it has been exposed as a fraud. Because someone famous mentionned it? Is that it?
Damn all this time and people could not figure that out and now that someone famous mentionned it they know -.-
If the average wannabee bzzz bzzz start going against CNBC we shall follow their calls soon...
Where do I find famous people to bribe? I could make alot of money bribing someone famous to get the herd to think what I want "oh yeye buy the bull break place your stop loss where it retraces".
Nota
Was this the top? I honestly cannot tell.Only way to do this right if you are swing trading crypto (who would scalp this rofl) like me is to be prepared for all scenarios.
Nota
Something is telling we yes that was the top, but I also have a little voice telling me no. 50/50. Maybe 55/45.it is as if someone knew something :D
This ponzi is incredible. There is so much manipulation insider trading wash trading etc, we can't even tell anymore what is legit and what is not.
We are seeing "questionnable" moves on a daily basis.
And some people called me an idiot for mentionning that 6 months ago :D
When the government cracks down on all these crime coins boy oh boy will it be ugly :)
ccn.com/unsual-cryptocurrency-market-behavior-before-big-crypto-drop/
Nota
let's see what it does. I do not feel like buying any other BTC, I will just keep my short and buy more if it goes up.Nota
Tested 0.5 & we gave up all the progress we made last week, in a few hours.This does not mean it is over, look at early july
We are dropping so much faster now thought.
Silk roads filthy criminals cashing out...
The bulls get what they deserve. Sigh. Throwing money at criminals because of greed.
Well at least karma hits back and it hits hard.
Nota
Sorry if I spoil an idea stream, it is just going so fast and I need to log this.If we go below 6250 forget about an EW 5.
Nota
You know something is wrong when there is a ONE HUNDRED DOLLAR GAP DOWN.Cringe
Damn I should have made a deposit and got greedy and shorted a million $
Crap.
That 10.000 BTC shorter got balls. And capital...
But seriously do not do that. Well unless you are a billionaire :)
Nota
Oh ok just going to take a little bit of profit, I will re-short next time a resistance is visited. Like 10% to 20%Nota
Nevermind.Hey you want to know who BTC stopped going down?
Every exchange halted trading.
Cannot partial close on Bitmex "system overloaded"
Cannot buy Bitcoin on kraken to indirectly TP.
They are all down.
This is what will happen during capitulation times 10 and the unfortunate bulls with no stop loss will not be able to sell.
Nota
Ok so I will take profit / buy more BTC when I see bullish divergence only.These are the last 2 dumps:
We have not seen a dump this brutal in a while.
Last one this brutal (even more) was the 15 'jan when the price dropped from 14000.
And yeah there is ALWAYS bullish divergence.
Simply the "true believers" bulls H0DLERS only stop selling when the scary dumps slow down I suppose?
So I will only close half my short when I see bullish div & I will check where to add to my position when it bounces.
I will take a wild guess and say we go to 5800 something and bounce to 6500, but for now this is just a wild guess, while waiting for the actual facts.
Nota
What I want to see next is this:All dumps look about the same.
Will long on Kraken & short on mex. I like it that way.
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