BTC Crash Millionaire to Slum Dog and BTC Billionaire!
I will try to make this as simple as possible because I made this specially for my friends and family. First of all I am a stock, futures and options trader, not a Crypto Trader.
Once BTC will start trading it's futures, it will be trading at a very different dynamics unlike it is trading right now. BTC will be treated as big dogs such as Oil, Gold, Silver, and other Commodities. "A futures contract is a legal agreement, generally made on the trading floor of a futures exchange, to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future." (Investopedia).
Why it will crash?
Fundamentals:
1.Big Holders of Bitcoin will book their profit because once there is future contracts out in the market, they do not know what will happen to their investments. Pros will be watching its every single price movement. This will create huge volatile. With all those profits and free money, it is only rational to be safe than to be sorry.
2.When Big Holders sell their millions of bitcoins at 20X or even 200X leverage, supply of the bitcoin will surpass demand as it is a limited resource. Who knows there might be that one guys sitting on a million bitcoin decide to sell all at once, and we all know what happens when 100K bitcoin is sold at once.
3. The price is speculative at the moment, it will be treated as legit commodity from now on. Yes the price will recover because there are many investors who are waiting for this moment to dive in but are looking for a correction. Don't forget the short sellers who really want this to go low so that they can sit on a bag load of bitcoin.
Technical:
1.Long term Elliot wave 5 correction is the worse. Surprisingly bitcoin also follows the Elliot waves theory. Since this is targeted at common people, here is the basic theory.
*Wave 2 cannot be longer in price than wave 1, and it must not go beyond the origin of wave 1.
*Wave 3 is never the shortest when compared to waves 1 and 5 (Price or Percentage wise).
*Wave 4 cannot overlap wave 1
*As a guideline the third wave shows the greatest momentum, except when the fifth is the extended wave.
*Wave 5 must exceed the end of wave 3.
*As a guideline the internal wave structure should show alternation, which means
different kind of corrective structures in wave 2 and 4.
This chart fulfills all these criteria
2.Previous correction and the corrections before started at the same fib level, what a coincidence, since the same fib 1.68 will be the next resistant according to the wave movement. (Yes the wave 5 will be simmilar magnitude to wave 1)
What Next?
1. Expect ETH/BTC to go up.
2. Expect Other Cryptos to gain value.
3. Waite for the bitcoin to go down before filling your wallet with this valuable comodity
If the long term wave 5 surpasses wave three, This technical analysis would be invalid. But what are the chance of millions of people not getting spooked by technical and the fundamentals? I am just giving my perspective on this, the decision is yours!
Hope this helps, I am a dutch, its hard for me to clarify in English. But I hope you all got the jist!
dank je!
Once BTC will start trading it's futures, it will be trading at a very different dynamics unlike it is trading right now. BTC will be treated as big dogs such as Oil, Gold, Silver, and other Commodities. "A futures contract is a legal agreement, generally made on the trading floor of a futures exchange, to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future." (Investopedia).
Why it will crash?
Fundamentals:
1.Big Holders of Bitcoin will book their profit because once there is future contracts out in the market, they do not know what will happen to their investments. Pros will be watching its every single price movement. This will create huge volatile. With all those profits and free money, it is only rational to be safe than to be sorry.
2.When Big Holders sell their millions of bitcoins at 20X or even 200X leverage, supply of the bitcoin will surpass demand as it is a limited resource. Who knows there might be that one guys sitting on a million bitcoin decide to sell all at once, and we all know what happens when 100K bitcoin is sold at once.
3. The price is speculative at the moment, it will be treated as legit commodity from now on. Yes the price will recover because there are many investors who are waiting for this moment to dive in but are looking for a correction. Don't forget the short sellers who really want this to go low so that they can sit on a bag load of bitcoin.
Technical:
1.Long term Elliot wave 5 correction is the worse. Surprisingly bitcoin also follows the Elliot waves theory. Since this is targeted at common people, here is the basic theory.
*Wave 2 cannot be longer in price than wave 1, and it must not go beyond the origin of wave 1.
*Wave 3 is never the shortest when compared to waves 1 and 5 (Price or Percentage wise).
*Wave 4 cannot overlap wave 1
*As a guideline the third wave shows the greatest momentum, except when the fifth is the extended wave.
*Wave 5 must exceed the end of wave 3.
*As a guideline the internal wave structure should show alternation, which means
different kind of corrective structures in wave 2 and 4.
This chart fulfills all these criteria
2.Previous correction and the corrections before started at the same fib level, what a coincidence, since the same fib 1.68 will be the next resistant according to the wave movement. (Yes the wave 5 will be simmilar magnitude to wave 1)
What Next?
1. Expect ETH/BTC to go up.
2. Expect Other Cryptos to gain value.
3. Waite for the bitcoin to go down before filling your wallet with this valuable comodity
If the long term wave 5 surpasses wave three, This technical analysis would be invalid. But what are the chance of millions of people not getting spooked by technical and the fundamentals? I am just giving my perspective on this, the decision is yours!
Hope this helps, I am a dutch, its hard for me to clarify in English. But I hope you all got the jist!
dank je!
評論:
Crypto community is strong lol!
評論:
If you do not like my analysis and thoughts, please just ignore this post and walk away. No need to make the comment section toxic. If you are looking for arguments, please go find a debate site.
If you have questions related to my analysis, feel free to ask me in the comment section and I will be happy to respond.
If you have questions related to my analysis, feel free to ask me in the comment section and I will be happy to respond.
評論:
BTC doing opposite secondary ABC Correction next major waves might be negative 12345. I am optimistic about it hitting 13500 with C wave first. Be careful! The first, retracement will fall 10K. The second will drag it down to 8000K and third will most likely take it down to 6K. 6 K might trigger a panic sell!
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This was my analysis before the waves started, so far accurate.
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Megaphone pattern forming! Is the crash coming.
Here are the details about megaphone pattern.
www.businessinsider....e-to-a-crash-2011-11
I am no expert on cryptos, however, this pattern comes before every single major crash!
Here are the details about megaphone pattern.
www.businessinsider....e-to-a-crash-2011-11
I am no expert on cryptos, however, this pattern comes before every single major crash!
評論:
13500 still remains the danger zone for now!
評論:
I will sell here to avoid risk $13.300, will get back it if it decides to go over $14.500.
For those who are concern about bitcoin just being a made-up value, please remember money and company's valuation is a made up value too. Value increases as demand grows since now it's going to be seen as a commodity, demand for bitcoin will keep on growing. Expect exponential growth in the future.
If it doesn't crash at the level shown above, it will reach 18K in no time.
For those who are concern about bitcoin just being a made-up value, please remember money and company's valuation is a made up value too. Value increases as demand grows since now it's going to be seen as a commodity, demand for bitcoin will keep on growing. Expect exponential growth in the future.
If it doesn't crash at the level shown above, it will reach 18K in no time.
評論:
MACD Will soon be red.
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its frozen lol. no action
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14k today or crash.
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And boom! www.tradingview.com/chart/WCXjF7l2/
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This is not a price action, this is a war bull vs bear!
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500 difference in 1 second lol! MADNESS IS REAL!
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Maak dat de kat wise. Bitcoin?
評論:
WOW! This is outrageous... It's running purely on hype. Be careful. May rich 100000 in next month or so.
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2K
