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The effect of a stock market correction/crash on cryptos? 4 replies

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Is Bitcoin about to crash?

  • #181
  • Jan 23, 2018 12:24pm Jan 23, 2018 12:24pm
Quoting honesttrader
{quote} Good analysis. It would help if you would mention the prices too along with your analysis
I tend to think in waves ...
... the fifth has a minimum and an ...
... entry point

All the others are indications of a probable evolution of the situation


P.S.
(but it is certainly uncertain)
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #182
  • Jan 23, 2018 12:45pm Jan 23, 2018 12:45pm
Quoting mag00
{quote} I tend to think in waves ... ... the fifth has a minimum and an ... ... entry point All the others are indications of a probable evolution of the situation P.S. (but it is certainly uncertain)
This wave stuff is gobbledy gook to me as well I must admit. I appreciate that wave analysts take their science very seriously, but to those of us who do not use them, it all sounds a bit evangelical.
  • #183
  • Jan 23, 2018 1:08pm Jan 23, 2018 1:08pm
Quoting cat
{quote} This wave stuff is gobbledy gook to me as well I must admit. I appreciate that wave analysts take their science very seriously, but to those of us who do not use them, it all sounds a bit evangelical.
it provides probabilistic objectives (TP, sl, RR) but ...
... everything changes
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #184
  • Jan 23, 2018 1:10pm Jan 23, 2018 1:10pm
Quoting cat
As I write, Bitcoin is double topping with last Wednesday's record breaking one day upward push. Was Wednesday the ' Death Throe ' candle, and will this double top, if it holds, be significant? " As a strict technical analyst, I cannot honestly see how Bitcoin can keep on rising as it has recently been doing without a significant pullback, even a complete collapse. I know that it is unlike any other market being traded right now, but surely, if human nature, which after all is the only factor which drives the markets, can be used as a guide, then...
I have invested in BTC since years ago and I still kept some of it. I will sell if it reaches $200 which is >5x higher than the time I bought it. Meanwhile I will keep it as long as I could.

Quoting yousername
{quote} I have invested in BTC since years ago and I still kept some of it. I will sell if it reaches $200 which is >5x higher than the time I bought it. Meanwhile I will keep it as long as I could.
It is very tempting to sell it now and spend on luxury. But I won't liquidate it.
This is not investment/trading advise. Will not hold accountable for loss
  • #185
  • Jan 23, 2018 2:37pm Jan 23, 2018 2:37pm
Quoting yousername
{quote} I have invested in BTC since years ago and I still kept some of it. I will sell if it reaches $200 which is >5x higher than the time I bought it. Meanwhile I will keep it as long as I could. {quote} It is very tempting to sell it now and spend on luxury. But I won't liquidate it.
From a trading point of view you should at least extract enough to cover you initial stake.

IMHO you should also book some profits, the amount is up to you. How about half?
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #186
  • Jan 23, 2018 7:38pm Jan 23, 2018 7:38pm
Price action is displaying some harmonic setups. If the harmonic setups hold up, then price action has a high probability of rallying and a reversal of the current down trend.
Don't wait for the wind, take to the oars.
  • #187
  • Jan 24, 2018 3:41am Jan 24, 2018 3:41am
Okay Bitcoiners, I'm outa here now as I don't trade BTC so I have more important things to focus on, but it's been fun watching and commenting on all the action. I have no idea where she's going to go from here---new lows for this year a definite possibility just as new highs are.

Trade safe, and don't blow all your money!!

Dosvidanya!
  • #188
  • Jan 24, 2018 4:43am Jan 24, 2018 4:43am
Quoting cat
Okay Bitcoiners, I'm outa here now as I don't trade BTC so I have more important things to focus on, but it's been fun watching and commenting on all the action. I have no idea where she's going to go from here---new lows for this year a definite possibility just as new highs are. Trade safe, and don't blow all your money!! Dosvidanya!
Thank you for your analysis. I learned some useful things.

Vsego horoshego!
  • #189
  • Jan 24, 2018 6:11am Jan 24, 2018 6:11am
Quoting yg10
{quote} Thank you for your analysis. I learned some useful things. Vsego horoshego!
I'm glad. To you too!
  • #190
  • Jan 24, 2018 2:41pm Jan 24, 2018 2:41pm
Price action is having a bit of trouble breaking above 11400, all things being equal it has a high probability of doing this and should push higher towards 11950 to 12000 and then possibly a period of consolidation before pushing higher.
Don't wait for the wind, take to the oars.
  • #191
  • Jan 25, 2018 8:38am Jan 25, 2018 8:38am
Regarding the situation in South Korea, after much deliberation, apparently they’ve decided not to ban cryptocurrencies after all.

There won’t be a blanket ban, but nevertheless they will impose certain restrictions. According to reports the authorities will enforce a ban on anonymous transactions and trading through virtual anonymous bank accounts, starting from January 30. Instead, six South Korean banks will be issuing new trading accounts, in compliance with KYC requirements. This means that the name on the traders’ account at the exchange and in the bank must match.

I don’t think that such a legislation alone could cause a big crash.
  • #192
  • Jan 28, 2018 6:40pm Jan 28, 2018 6:40pm
Price appears to be holding above 11400. There is a high probability that price may push up through 12000 and head for 13840 to 14000, but with a risk of resistance at 13000. Will have to wait and see what the market decides. The market is always right !
Don't wait for the wind, take to the oars.
  • #193
  • Jan 28, 2018 7:57pm Jan 28, 2018 7:57pm
Ha ! Ha! Those AI Bots are monitoring Bitcoin sentiment like a hawk!
Don't wait for the wind, take to the oars.
  • #194
  • Jan 29, 2018 10:27pm Jan 29, 2018 10:27pm
Quoting Trader-Waldo
{quote} {quote} ...and dropped!!!WOW!!! {image} That is tarot reading and EMA200 {image}
Two weeks passed , no changes ..it just take time to get 8000|7000...
even those with BAC over 0.08 cannot see 13000 anytime soon
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #195
  • Jan 29, 2018 10:57pm Jan 29, 2018 10:57pm
Preparation for Bitcoin to crush under 100$ by spring time. Banks are always the winners and huge shorts are building.
I'm short this crap from 16500$ and maybe will become the first millionaire on selling this BS.
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #196
  • Edited Jan 30, 2018 2:00am Jan 29, 2018 11:09pm | Edited Jan 30, 2018 2:00am
Quoting Montrealer
Preparation for Bitcoin to crush under 100$ by spring time. Banks are always the winners and huge shorts are building. I'm short this crap from 16500$ and maybe will become the first millionaire on selling this BS.
this time is better for you then your prediction EURUSD going back to 1.08 from 1.11 last year...
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #197
  • Edited 5:15am Feb 2, 2018 5:02am | Edited 5:15am
a few weeks ago, all guessing filled:
Quoting Trader-Waldo
Down move is not over yet:9700, 8700, 8000...or so.
currently 8200, done here.
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSDWeekly-2.png Size: 86 KB
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #198
  • Feb 2, 2018 6:55am Feb 2, 2018 6:55am
Well, some might pour scorn on this man's judgement. He has, however, been pretty accurate in previous warnings.

https://uk.finance.yahoo.com/video/n...120101635.html
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #199
  • Feb 2, 2018 7:00am Feb 2, 2018 7:00am
I wasn't coming back to this thread, but I think it's important to say this, especially for relatively new inexperienced traders.

Devise your own method, no matter how long it takes, learn how the markets move, learn how to identify patterns in price structure, trust your own analysis and go with it, every time. Do that, and you'll be more accurate in your predictions than 95% of the people out there.

As pundits and the media were screaming BUY BUY BUY BITCOIN as its value really soared in December, investors and no doubt a fair few traders were jumping on board, not because they had done their own analysis, but because they were taken in by the hype.

As the price now approaches $7000 from a high of almost $20,000 on Dec 17th, Bitcoin is a case in point if ever there was one - Do not pay any attention to what others are doing or saying. Trade from the knowledge you yourself have gained, and not from anyone else's.

Thank you.
  • #200
  • Feb 2, 2018 1:22pm Feb 2, 2018 1:22pm
Quoting Trader-Waldo
{quote} this time is better for you then your prediction EURUSD going back to 1.08 from 1.11 last year...
I've got more expeience since then
More ICO crap is on the way, capital will flow into new criptos, so Bitcoin will be literally annihilated (Sub 1000$ and sub 100$ eventually). New real boomers are coming.
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
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