The information in here is real and I hope you enjoy it because it will give you the reality.
There is a lot of speculation and people hoping what is happening now doesn't happen.
These people are the people that can't afford to go down as their btc was for dinner tomorrow and they don't have the time or patients to go down and up. However we need this this is good.
BTC USD, falling hard and next support is the black line to below.
Why is this fall going to make you millionaires and fifty rich, let me tell you why below. Reality has finally come into play, majority of the traders could see this happening.
Now this is a very very GOOD thing to happen to the BTC and all of us as traders.
The only people that lose money through this are those with weak hands and sell and don't renter market at the bottom, they will see bitcoin hype in 3 months and renter again at the new ATH. These people are here in the market and always will be.
You and I can short between these support lines and earn BTC.
I am not shorting the entire last leg down to 6K.... Why you wonder.
BTC will be at 6K for a matter of minutes your going to have massive corporations sitting at the bottom waiting to catch the bitcoin.
It will spike up so hard and fast you may miss an entry.
Please see Blue arrows on charts, this shows the decline from 6k last time and this time, you will see this time we are going down much much faster. This is Good.
3 days after the last 6K hit we were back trading over the price we are now, so if we hit 6K in a day or 2 then just after less then 3 days we will be back close to 9k but ready for a bullpen. See the tops of candles the shadows we are creating everyone knows whats happening they are dumping we lost all momentum. Going to 6K is very real but it's a very positive time for the continuation and strength of crypto for 2018.
The good news in within 2-2 weeks this accumulation/correction we have been going through since mid January will be over. These corporations have dried up the market we are missing billions and billions of dollars that was flooding in daily now we have billions falling out..... Once volume comes back it will be hard for you to trade a coin that's not in profit at the close.
Right now as we go down to 6K how to get filthy rich???? BUY BUY BUY EVERY ALT YOU CAN AFFORD.... Forget BTC use this to buy the alts then they will all bounce when BTC turns you can make massive percentages from the weak hands in alts.
Whys the market dead? The big players in it knew BTC had no support to go up for the rest of the year even I knew that, we need that double bottom at 6K and I really hope we can get it so we can put this rubbish behind us move on and get back to making a fortune as we were for the last 3 months of last year!
No one be worried if we touch 6K within 4 Days we will be back at 9K and looking stronger then before and we will find a new ATH.
Cash is King - I still trade in these markets so follow me for some trades. Today we have already collected 10% on previous trade i posted.
@haroonnasrat, Thank you very much I appreciate your reply
TAEHSAEN
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Cash is King, I really love this technical analysis. I am a not very well off guy with hopes that by the end of the year I'll make enough money here to help my girlfriend move in with me so that we can have a life together. I don't have much invested because I can't afford to, but with the little I have, I was wondering if you could please provide me with some guidance because I don't understand markets as well as you do.
I currently have my money sitting in USD, looking for a good point where to put my stop limit. From what I could gather, I came up with the following idea: If the last market price for BTC reaches $7200, I would put in an order to buy BTC at $7150. Do you think this is acceptable? Would you recommend different numbers?
I don't mind taking a little bit of risk if it means that I can quickly buy a few altcoins that I truly believe in as soon as I reenter the market (usually waiting for a positive signal from BTC means that it is too late to catch an early train in the altcoin world). Please let me know! :)
Cash-is-King
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@TAEHSAEN, Sure happy to help, lets get that GF shifted in. Just make sure you are definite though as after they move in they are so hard to get out.
Ok entry price for BTC, shoot me a private message I will tell you updates on the close of each daily candle I hope to get you in Lower then that. Important thing is that you enter the market, after the BTC bounces Alts are going to bounce a lot hard so even though BTC makes great profits buying low the lats will out perform.
I will keep you posted but send me a message so I can update you there