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Bubbleburst

BTC's fifth Elliott wave countI tried to count potential Elliott waves up to the final price range that according to this variation should be in the 2800-3200 $ zone. According to the count and fibonacci levels, we could see 6300-6700 zone as target no. 1, 4850-5050 zone as target no. 2 and, of course, 2800-3200 as the final target. It might take months to wrap up the slowest fifth wave, but this is just an exercise in analyzing bear market development. There is another option, that with yesterday's dip we've finished first wave of the new bull cycle. It's really mixed signal territory at the moment.
BITFINEX:BTCUSDShort
by OrionInTheSky
2
Bitcoin is at a crossroad, Make or Break Zone. Bitcoin has been trading in the 'chop zone' (where the big hands have been pushing the price up and down through liquidation pools of all the smaller hands). Is this the whales squeezing every last penny out of crypto before they exit? Should #Bitcoin drop lower than the lowest low since the highest high I believe we could see bitcoin drop to the $3,000. Go look at the #NASDAQ from 1999 - 2005 (Chart below). Do I think its likely? No - Do I think its possible? Yes Theres still hope that BTC is still on a bullish trend! If we break our current trend line in the next couple days we call look at another slightly less bullish trend line around the low $7000's. Problem is after this I don't see holding bitcoin up and then would see a strong case for a comparison to the .com bubble illustrated in the chart below.
BITFINEX:BTCUSDShort
by Rekturnal
Bitcoin is out of the long established bullish trend?Bitcoin is on the brink of dropping out of long established logarithmic bullish trend. This trend has continued for about a year and currently we are seeing price levels continuing to drop below the support lines. So far upper trend lines have acted as support for newer and stronger bullish momentums, setting up stronger and stronger bullish trend - price would find support on previous resistances. Since the correction from Bitcoin's ATH, that phenomenon reversed and we are starting to see old supports to act as resistances. If bears get hold of BTC below the 7500-8400$ levels, we might see further support on the upper border line of the older bullish trend from two year long 2015-2016 period, converging around 2500-4000$. Until that moment, we have strong supports in 7500-7800$ and 4800-5000$ zones.
BITSTAMP:BTCUSDShort
by OrionInTheSky
Whitney Houston, we have a Problem. Warning confirmed. Bitcoin.Hi traders, Red flag. As you can see i changed some colours a bit and removed the cup and handle that is now definitely destroyed, forget about it. The formed double top was worse than expected: the second top was lower than the first top. This was the last chance Btc had to escape from the huge downtrend, but it failed. The drop was then much more important that expected. Btc reacted a lot to the downside from the yesterday Fud. It reacted too much. Investors are scared, they are leaving the boat, and the buy volumes are very low. It appears the majority of buyers lost their faith in Btc beeing a possibility to make them earn quick money. And they are waiting for the right time to eventually jump back in, they probably want Btc to be lower. Btc is heading to the lower resistances and i'm affraid unless a miracle happens, it will head its way down to test its own life. It is now blocked at the 9300 Usd support and is currently testing it. We are assisting to a continuation of the bursting bubble pattern of Btc. Time to get amazed if it's the first time in your life that you assist in a bursting bubble in live. Congratulations to you if you exited before with some profits, and i hope you did. If we follow the logics of every burst bubble of our history, a capitulation sell-off could occur sooner or later, breaking resistances and forming lower lows. The blue pattern i primitively drew is the eventual pattern the capitulation sell-off could ressemble. Have a look at the cryptocurrencies market capitalization since 1 year, or its existence, and witness the bubble pattern we all just participated forming with our cash and greed since a few months. Have a look at the Xrp graph since it exists and see what we did to this currency. Don't stay in a denial state or you could hurt yourself more. Then i see some people will come and say : "yes but Btc always corrected very fast, stop spreading FUD, it will go back to 15k and 20k soon, it is not a bubble". Yes, and no. Btc used to get up quickly after its previous bubble patterns as the market was extremely small in capitalization (it is still small), and it was only pure Crypto afficionados and true believers trading the market on the previous crashes. Now, we approached the trillion Usd when the market was at its highest, and a lot of average Joes joined the boat hoping to make quick money. This means these average Joes that joined in mass are now about to leave in mass, as they are not true Btc Hodlers and not true Crypto believers that were forming the majority of traders when the previous bubbles happened. This bubble should then logically ressemble the typical bubble pattern that we all know, as it would be a better representation of the mass of every type of buyers about the leave the boat, compared to the previous bubbles Btc had known. Of course i could be wrong. We will have some opportunities to join back in, there are very high chances Btc will grow up again in a soon future, 3 months, 6 months, 1 or 2 years, noone knows. Good luck to you.
BITSTAMP:BTCUSD
by Giovi6969
126
S&P500 1hr candlestick update (heading down...) Just a quick update... We're looking at 1hr candlesticks on the S&P500 right now.. I saw on this short term downtrend we can draw some trendlines already... I made 2 possible options that may lead the price down. We find a small Head & Shoulders formation on which we broke the neckline. Still strong bulls after that as we can see it headed up pretty fast. Our downtrend resistance (Bear trend 2) holds perfectly and takes us further down. Let me know what you guys think. :) profitable regards, Perspect. This picture down here is a post of a couple of days back. Just wanted to show you guys this might turn out very Ugly for the shareholders of S&P500, DJIA, Nasdaq,..
FOREXCOM:SPX500Short
by Perspect
S&P 500 => The Big Short...?! Hi guys, Here we are looking at the S&P 500. on a monthly candlestick chart.. As we all know, markets can't keep going up forever. Not even stock markets... for the past 8-9 years (after the crash of '08) we made a gain of more then 300% and in the last year of it's bull run it made a real "blow-off top"! everyone who follow the news a bit knows that the price of the S&P500 fell more then 300$ from it's top in just 2 weeks... Now... You can listen to what the news has to say (and they denied it's a crash or gonna be a crash) and just follow there thought on a further pricerise ("it's just a small correction"). OR: you can look into it for yourself and find that almost all indicators are telling us there is more (bad) news coming... - Is this bull trend sustainable? - (for those who hold shares in the S&P500) Are there other places I could put my money in? (gold, silver, cryptocurrencies,..) - in case all stock crash.. how can I be smart and profit? And what about the folowing consequences? An(other) economic disaster? - ... WELL: We think going short on this one is a very smart and profitable way of getting yourself prepared for it. on Youtube There is a guy named Mike maloney who can show you the very interesting insiders on wether it's going to crash... I'll give you guys the link so you can watch it as well! TRADE: I entered the trade myself on monday the 5th of Februari. I make this trading idea and oppertunity for you guys so you could see for yourself what the potential is.. HINT: I also made an extra sell order with LTC which I bought on monday with new entered money (not from my LTC on hold) at a price around $120/LTC, with a maximum loss of 10 LTC (my stop loss = $1200). If you think LTC has more upward potential, this is a very nice trade! But it for sure has extra risk because you never know it might fall to Zero (be carefull). Thanks, if you liked this post please hit that like button and follow our page! Profitable regards, Perspect. Mike Maloney on Youtube: www.youtube.com
SP:SPXShort
by Perspect
3
TRXBTC - Wyckoffian LogicTechnical Analysis: I've highlighted the Wyckoffian event cycles. TRX is currently trying to find support and will likely enter a consolidation phase before an impulse or corrective leg. I would recommend staying away from this token until market gives a clear indication on the direction it wants to take. You can use TD Sequential and momentum indicators on the daily to avoid fakeouts. Fundamental Analysis: Plagiarized whitepaper - check Stealing ETH code - check Self-glorifying 20 year old megalomaniac CEO who uses buzzwords to attract millennial to invest - check No mainnet or working product - check Good luck!
by CenkGGG
15
The Five Horsemen FAANGRight now many analysts agree that the market is overvalued, but many believe that just because it is overvalued doesn't mean it needs to be corrected. Many traders now trade with cognitive dissonance because the market is overdue for a correction. Just because there may be a "bubble" that doesn't mean that it will "pop". But I think that due to and overdated correction some markets may take a hit. And especially markets that are in a "bubble" or are built upon synthetic or "abstract revenue". I think that there is a tech bubble right now, and there are clear indicators that the market is built upon what I would call "abstract revenue". "Abstract revenue" is a term that I use to call a firm that is overvalued, and has the plan to go public or grow the company. I think that "abstract revenue" comes from the Silicon Valley Mindest that "not all businesses are created equal" idea. Some of the troubles with tech startups is that the owners and investors try to scale the business as a startup, which usually tends to give companies an overvaluation or too much work for itself. Many young companies have been struggling such as Zenefits, Dropbox, Theranos, Jet.com, Flipboard, Square, Snapchat, Zirtualy, and Homejoy. But even with these murky waters investors still invest in tech, and VC-sponsorships still take firms public. Tech has grown a lot lately and that is a bit worrisome. To begin I will start off with the macroeconomic trends that I see on the public side. I will start with NASDAQ:AAPL the biggest tech firm in the world. On the balance sheet, they hold around $246 billion dollars. My first question is "why doesn't apple acquire more companies?" Which is usually responded with its overseas accounts that are better for taxes and investments. Apple doesn't necessarily need to buy companies, but if the market is going up and there is a lot of cash it is unusual on why they aren't acquiring firms right now. I want to look at Apple's latest acquisitions that can be calculated. In 2017 Apple acquired a company, Lattice Data for around $200m. In 2015 it had just raised $20m, and the company only has 20 engineers. This would mean that the company has grown 1000% in 2 years, which is a clear indicator that the company is overvalued. Apple isn't the only company that holds a lot of cash and isn't too interested in acquiring. Facebook has around $3.1 billion in cash and $6.2 in marketable securities. All of these big tech firms are holding cash, while the tech startups have been booming and they are not acquiring. Why would they not acquire? Maybe they see that the market is overvalued. But what difference does it make if the market is overvalued unless it is going to be corrected? Maybe the companies are holding onto cash to cushion themselves, but those are clear indicators among the big tech firms. On the public-side of the market, there has been less IPOs this year and if the market is performing well then why aren't they going public. On the private side, I think that many companies are overvalued, the only way to know is to look at acquisitions, young IPOs, and VC-sponsorship. Many of them are made up of small companies that I think are overvalued. In the end I believe that the tech market, the venture capitalism market, and the private tech startup market is built upon "abstract revenue" and is in a bubble. And although the bubble is not planned to pop, the market is overdue for a correction, therefore, I believe that the tech is in a bubble like situation.
TVC:IXICShort
by DiegoDA
Revisiting the DOT COM bubble. Could we see a DO-OVER?Pay attention folks. The NASDAQ and the global markets are setting up for a repeat of the DOT COM bubble burst. In the late 1990s, the DOT COM rise was attributed to a number of factors, most importantly the unique situation where the US was leading the global in technology advancements and web services. Investment in these firms was focused on hope and dreams that tech startups would achieve untold success and profits. Hundreds of billions poured into startups and small shops in the hopes that they would be able to grasp just small percentages of the market and return value like Yahoo, AOL and others. Then came the crash. The realization of value started near the end of 1999 (after an extended HYPE phase). It became evident that GROUP THINKING resolved the risks to nearly non-issues. People purchased shares because it would never end - but it did. And the Sept 11 terrorist attack in NYC was the icing on the cake in terms of changing public perception. After these attacks, the realization quickly became clear that "technology was not all that" and that other issues were more pressing. Thus, a nearly 60% decline from the highs began. Could we be setting up for another, almost exact, price move in the near future? Check out this post and the next one I'm submitting. DOT COM DO-OVER in the next 12 month? What makes 2012~2017 different from 1995~2000? You tell me?
NYSE:XCIShort
by BradMatheny
Bitcoin bubble burst? (Let's Talk about this)As we know bitcoin price is crash 20% in these day. People are panic as shit, they sell all bitcoin they have etc. What i going to say i'ts Calm Down. Is the first time in history we use currency that no one ever can control it. The main problem why bitcoin is going so low this day is because there is a ton unconfirmed transaction in bitcoin. The scaling problem is the main problem right now. According to this website : blockchain.info bitcoin only provide 1.93 transaction per second, Is not good really. if we compare this to visa or mastercard they can provide 50000 up to 100000 transaction per second. There is a ton of idea out there how we can make bitcoin transaction more faster then ever. (segwit) there is almost 90% agree that bitcoin should have a segwit rather then any idea out there. website : coin.dance The deadline date is on august 1st this year. Some people said if this problem doesn't came out with a solution bitcoin will get a hard fork, and i said yea it will Imagine what happened in ETH and ETC. that is almost the same technical if we get a hard fork in bitcoin. Otherwise this is a good good opportunity if bitcoin split, here is the idea let's say if you have 1 bitcoin right now and the bitcoin split, your coin will be divide in 2 coin and i believe when bitcoin split, Bitcoin price will down. like ETH and ETC market right now. the second coin jump from 1 dollar to 24 dollar per coin, if the 2nd bitcoin will be open price at 10$ i'm pretty sure it will touch 1000$ before it turn's to bubble. When this split scenario happened there is no way that i don't throw money on it. But i hope this scenario doesn't happened, i really surprised these guy like Goldman Sachs, Roths Child are predict that bit coin price will be 5,000$ before 2018, Finally people are taking bitcoin seriously, these mean more and more investor will come. gold man sachs statment : www.coindesk.com Let's talk about technical analysis side Try to scale up your chart per month and it's still bullish, per week it's bearish per day it's a bearish we have a strong resistance level at 2650$ we try to broke that many time but we fail and feel in to 2500$ level. End of statement : Stay on The game
BITFINEX:BTCUSDLong
by adityadoodle9