A DEATH CYPHER (Bearish Gartley) formation has appeared. There is nothing Bitcoin can do about it, and it's going to it down to hell. But don't panic, if you're invested in Alt-coins, like Ethereum, Litecoin, Ripple, BitShares and Stellar, there is nothing to worry about. If you are not, good luck. You may need it. This baby is going to hell faster than you can imagine. It will come back, as it always does, but this time BTC will have real competitors from other Blockchains, something I actually consider to be good.
TP: 825 USD at least, although it could go lower.
If you want to know the run-up setup for getting to this DEATH CYPHER, please check out my other post. I thought we were going to heaven, but then I saw a FIB DAEMON who changed my mind. I got out before this bull trap popped. Maybe not at the top, but I know I won't be at a loss.
Good luck!
Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and a search engine! I will be posting updates as I have been doing in my previous posts. If you earn good profits, please donate some to keep me motivated! You can find more info at my signature.
Dagangan aktif
⋅
Pivot line confirmed. We're going down now.
Bear flag. Seems ready to keep dumping!
Dagangan aktif
⋅
To be more precise:
Dagangan aktif
⋅
It could actually be a Head & Shoulders formation.
Dagangan aktif
⋅
Dagangan aktif
⋅
Bitcoin about to dump!
Dagangan aktif
⋅
Didn't dump, but this is a better setup:
Dagangan aktif
⋅
Final update about this chart:
Reasons why Bitcoin is about to go down BIG time.
- Three bearish cyphers in fractal positions. - 222 bars for this pattern to go. Middle of the pattern is 111 as you can see in the chart. The middle is also where the FIB bottom is located at. - We just touched the upper historic resistance. - Chaplin Cypher feels sorry for all the noobs who keep thinking we're going up.
Good luck!
Dagangan aktif
⋅
Added some FIB circles to the first two fractals.
Dagangan aktif
⋅
Oh no! A stick Illuminati figure has appeared! Poor Bitcoin!
Dagangan aktif
⋅
Oh no! Bitcoin bulls are getting hammered big time!
Poor Bitcoin!
Dagangan aktif
⋅
Ouch! It's getting pounded hard. Damn!
Dagangan aktif
⋅
They just went super sayan!
Dagangan aktif
⋅
Bearish cypher is winning, and he likes it.
Dagangan aktif
⋅
Dagangan aktif
⋅
Hmmm... this is starting to look more and more familiar... the colours... the star... who could it be?
Dagangan aktif
⋅
Check out the numbers for clues. 444 - 888. Sounds like the far east. Asia...
Dagangan aktif
⋅
Warmer...
Dagangan aktif
⋅
Oh so BTC is trying to go up? This guys have brought some reinforcements.
Dagangan aktif
⋅
Communist jets are approaching:
Dagangan aktif
⋅
Communist fighter jets have started to bomb Bitcoin! NO!
Dagangan aktif
⋅
Bombs are approaching its target:
Dagangan aktif
⋅
Communist bombs are about to hit the target!
Dagangan aktif
⋅
Bombs hit the target... Bitcoin seems to be fine though...
Dagangan aktif
⋅
Seems like Bitcoin is weakening. Some Litecoin fighter jets are now hovering it. What's the plan now?
Dagangan aktif
⋅
Litecoin fighter jets are starting to drop SegWit bombs on Bitcoin.
Dagangan aktif
⋅
SegWit bombs are about to hit their target
Dagangan aktif
⋅
Dagangan aktif
⋅
Target hit
Dagangan aktif
⋅
It's super effective!
Dagangan aktif
⋅
Oh, bulls want a new attempt! How cute!
Dagangan aktif
⋅
Too many red dojis. The end is near.
Dagangan aktif
⋅
Seems like those SegWit bombs really had an impact on Bitcoin.
Dagangan aktif
⋅
The monster has one last chance against Bitcoin. The BFX missile is getting ready to launch:
Komen
⋅
Set.
Dagangan aktif
⋅
Launch.
Dagangan aktif
⋅
Dagangan aktif
⋅
A critical hit! It's super effective!
Dagangan aktif
⋅
Now that Bitcoin is going down, the monster has laid a very nice rainbow carpet for it.
Dagangan aktif
⋅
Added more FIB dimensions.
The monster also became Bitdel Castro.
Dagangan aktif
⋅
Dagangan aktif
⋅
Dagangan aktif
⋅
Relájate and enjoy the ride down my friend.
First target seems to be at 1100.
Dagangan aktif
⋅
He seems to be getting ready.
Dagangan aktif
⋅
Bitel is just waiting for the collapse. Not much going on though.
Dagangan aktif
⋅
Zooming in, Bitcoin likes riding the rollercoaster, but it looks like this trip is about to take it to a lower level...
Dagangan aktif
⋅
That's what I call a DUMP. Bitcoin is just continuing with the ride!
Dagangan aktif
⋅
Let the geometrical rollercoaster continue.
Dagangan aktif
⋅
Possible contracting pennant formation on BTC.
Dagangan aktif
⋅
A dragon has kidnapped Bitcoin. Will it take it to a safe place or just dump it?
Dagangan aktif
⋅
Dagangan aktif
⋅
Dagangan aktif
⋅
Dagangan aktif
⋅
Bitagon.
Dagangan aktif
⋅
Bitagon, where will you take Bitcoin now?
Dagangan aktif
⋅
Dagangan aktif
⋅
Komen
⋅
There is an ascending channel that could break down at any moment.
Dagangan aktif
⋅
This trade will continue in the following threads:
Unfortunately you are wrong again. Like your ETH charts :) But thank you for your efforts.
CoinMajesty
⋅
@crypto.888, lol, did you even click play? it's falling down already!
CoinMajesty
⋅
@jsburgos, and some of my ETH charts have been very, very accurate ;) (not all of them I admit).
spaldingchadwick
⋅
@jsburgos, @crypto.888 Your crazy man, his TA on ETH a few days ago was INSANELY accuruate. He predicted ETH closing a descending triangle and breaking out upwards, reaching near ATH and to get out around .055 ........... It went from about 40-53 USD within the two days following the closing of the triangle.
I'll concede that this chart isn't exactly accurate so far, and I disagree with it. But DAMN you would have made so much if you trusted his LONG ETH NOW chart. (Which was deleted by trading view mods I might add)
spaldingchadwick
⋅
@jsburgos, Oh and Juan, no disrespect. I feel like as we are beginning the season of bitcoins market cap increase and ETH news a ways off, we might see BTC stay around 1100 for a few weeks. Keep up the good work though man. Always studying your TA, one of the best analysts I've come across!
CoinMajesty
⋅
@spaldingchadwick, Thank you for your comment. We're still going up. You will be very surprised because I think this setup will end up happening in a certain similar way. Let's wait and see ;)
jin0
⋅
@jsburgos, hi is it a good idea to buy some btc and invest it in xpr now and what is ur prediction on xpr
CoinMajesty
⋅
@jin0, check out my other charts. There is one for XRP. I would invest it in BTS and wait a few weeks ;)
jin0
⋅
@jsburgos, ok thank u for ur advice ........
gson
⋅
@crypto.888, BTC is at 1129 and falling how can he be wrong?