2017, 2013. Different crashing structures for different reasons (diff. market cap size, diff. average investor profile, diff. reason of crashing), but a same post peak market behaviour. It seems that buyers and sellers are printing the same marks in this market when a peak is reached and the asset starts to be sold, following the break of the uptrend parabolic move. The asset doesn't change, humans don't change, patterns remain familiar as we still behave the same when our reptilian brain feels greed, fear and panic. Which is why we should expect downside to happen in a near future, if we keep on repeating the same patterns in this crashing cycle. Smma's are starting to print the same pattern as well. Last chance for this sell-off pattern not to happen would be the witnessing of very important and sudden massive buys from institutions and countries, but this is extremely unlikely to happen, for a lot of reasons. But why not, i am open to every sort of opinions and ideas. Or, this 2017 crash could also be an early 2013 pre-rally type, that precedes a monstruous incoming rally, but the visible huge bubble crashing structure is telling us that this is unlikely, but why not. I am extremely curious to see if this capitulation sell-off pattern is about to occur soon (or not to occur at all) in a 2014 copy cat sell-off pattern type. So far Bitcoin reproduced exactly the same type of local patterns during these two crashes even if their structures are cousins and not clones (see the TA regarding the golden cross and death cross creating the exact same reaction with a bear trap and a bull trap). Let us see what happens next.
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Easie squeezie bollinger bandie. I hope you are buckled tight and safely, because we are going to move kinda soon.
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Hidden bearish divergence took effect. Under the 200 Smma again. If it goes below the triangle trendline, prepare for this whole TA to be valid.
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Let's see if it createsa fakeout, but it went so deep below the triangle support that it's very unlikely to see a fakeout appearing in there.
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Again,
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交易進行
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Idea still active. Currently on holidays, i will create a new -needed- TA on Sunday. Take care and watch out with the falling knives and over bullish ideas that you see anywhere, there are no miracles and no institution money coming in.
交易進行
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Back from holidays: everyone and his mother is saying Btc is bottoming? Did i miss something? Or did they not witness the previous Btc bubbles? Im very pleased to realise people can be genius enough to witness they are inside a bottom in direct live, i thought it was not possible. Congrats Trading view and Twitter 6 months traders. Beware, i mean, seriously.
Bottoming?? This isn't even a panic selloff yet. This will be over when Warren Buffet comes on CNBC and says " I told you it would end badly" - right now they're still calling Mr Buffet and old man that has no idea what he's talking about - oh wait that was during the .com boom that blow up - sometimes I get the two mixed up - that happens with twins.
Giovi6969
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@london55555,
This sounds so very possible.
Texofalk
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You should use logarithmic scale charts. These stretched-at-the-top-compressed-at-the-bottom charts give you a very wrong idea of relative movements, especially on 1 day scale. With log, 1 cm on the screen is always the same percentage, at the bottom or at the top, so you can can visually compare panics and rallies size.
UnknownUnicorn3062184
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what stage we are in? anxiety? seems like lambo and moon are over
Giovi6969
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@captainx,
yes i would say between denial and anxiety
Giovi6969
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@captainx,
i'm sure there are some Lada meetings somewhere in the world, time to join there lol.
cryptoezvip
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Couldn't agree more...
whoisthelorax
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Couple things that lead me towards Barclay James' near end theory.
1) numerous altcoins have chart structures ready to break that have been forming for over a year.
If miners (or others) control this market, they would be throwing way a golden opportunity to legitimize massive gains. We all know technical support dominate his market. The 12+ months triangles forming on BNB, eth, CVC, sc, neo, et cetera are literally 5x-10x opportunities.
2) this entire bull move from the bottom of 2015 has had two complete Elliott wave cycles. See Michaelvandepoppe EW or my own. There is a macro ELliott wave forming and it's needs a 5th wave before we get our mega bear market.
I was around for most of 2013...I don't have the chart history of those altcoin but my emmory was that all of them looked awfully bearish. Meanwhile, tons of altcoin charts look bullish.