Bitcoin 12hr Death Cross on MA formed - shorting more... [BTFD]Hello crypto nerds
what a week!
we just had the 12hr chart confirm a huge Death Cross on the moving Averages, so still looking to short Bitcoin
removed the upwards Gann Fan to make thisngs clearer and added a down trend fan, will post updates with both Fans in it since they are both in play (according to me)
there is some strong support still and can see it bouncing at the various support levels, like before, we got them spot on!
TA has also been spot on since the 18th, not many had the guts to call it tops her with the new moon energy flip!
Remember that a blind bull will always cause damage to whoever rides it!!
check the note for more info
lets get ready to buy quite possible so of the most important dips in crypto history, lets the games begin and 2018 roll in
merry xmas and festive wishes to all bar none x
big up to everyone this year who has made this experience special and look forward to the amazing website launch and success for every BTFD member!
buythefuckingdips.com
Death
IMPORTANT! Death Of BCH!!!Burn scamcoin!!!
Coinbase should be a shame of themselves especially after being on CNBC over and over last week touting
how professional they are and want to be the NASDAQ of cryptos.
My message: In my humble opinioin "THIS WAS UNACCEPTABLE AND DOWNRIGHT CRIMINAL!
In any regulated environment the SEC' would be at the door this morning! They lacked professionalism,
preparedness, and were criminal using the market to profit from their foreknowledge (in my opinion).
There needs to be an investigation period!
This hurts the space as a whole; we expect it from others not from you!
How the release should have been done.
1) The announcment should have been done on CNBC and several other news agency AHEAD OF TIME!
2) The first day or so there should have been NO TRADING with wallets only to be used for access into not out of!
3) The first day of trading should be monitored with circuits ready
4) Be prepared to act not react!
Coinbase COO Asiff Hirji should be fired!
[BTFD] BTC/USD - Possible Death Cross forming - 6th Nov 2017 BTCUSD possible death cross forming as traders take profit going into the new week.
Stochastics and MACD have shown bearish crosses forming also on the 4 hour timeframe and daily, adding to the momentum of a correction possibly being on the cards - in the range of a $7200 to a swing low of the $5800 range, a potential play ahead of the fork could bring high return if the bull run is to return and hit $10k numbers in early 2018.
Levels to watch:
200 SMA (to watch for dip buys): $6200 - $6400.
What is a Death Cross?
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Wave C - Destroyer of Worlds (ETHUSD)We watched for a very very long time as ETH was forming a rising wedge. Then it broke up and we all of a sudden got bullish and looked at the smaller time frames. @crimsonr was nice enough to pull my head out of the sand. The rising wedge had a fake out breakout and has now collapsed and is falling under the wedge. Doing a proper count now you will see that we are now entering into wave C of the correction. Target is $175 with possible extension.
There are many other indicators that say we are going down. Volume is divergent, AO says sell, Stoch says sell.
Remember, I can be completely wrong, and this will take some time.
Constructive comments are welcome
The Death of BitcoinLadies and Gentlemen, i present the obvious Death of Bitcoin . Many expected this moment coming and now it's there. After the next smooth journey to moon, or the next journey to let's say $5,000, $7,000 $10,000 (?) the bitcoin will die a sudden death (and with it many more). This will be the point where greed will win over reason, being the moment all the world will see the bitcoin fail within the next few months. Probably in November or December, just my guess. Hundreds of families who invested all their family savings in asia will be ruined including all the casinos, shops and investors will suffer, how bad. Will you be in the next journey to moon? This is a game with fire now.
Yes, many have said that before but now it's serious. Why? Just look at the price dude. You're moving millions and millions of dollars around, what the heck are you even doing? When it comes down to it, dollars are all that count. Grounding will be hard, i predict a price lock under 1000, maybe 300. After the future of the coin is at stake, it will reveal that it is unsuitable for practical things like fast payment without third party provider and mining is a waste of ressources, other, newer, commercial blockchain developments will take the place and the hype will be vanish in unimportance where it came from. Furthermore all the inside trades which eat themself up in all their greed will reveal, some exchanges had already to leave, you know, and still big players make the market. I don't want to be part in this no matter the winnings. Have fun. However, if you look in the order book selling 1 satoshi for 1 million dollar, thats probably me. See you on the moon.
Death Slide - Lack of innovation?This is what happens when there is no culture of innovation, a slow death slide. This is the MONTHLY chart of Sears -- who at one time was the nation's largest retailer during my grandparents generation.
Now they are forced to sell off their primary assets to buy more time to try to stay on life support.
$SHLD never recovered from their May 2007 high, 10 years later, stock is down almost 96%... ouch!
Revenue: 23.39B
Net Income: -2.194B
Book value: -31.59 (that's less than zero)
INTC Death CrossThe last time INTC's chart performed the death cross it traded from 26.60 to 19.30 in a short period, well it has happened again. Right now we are trading at 30.79 but the pressure is mounting as institutional selling has begun. This to me looks like a great short , at least until earnings in April. INTC's forward looking guidance has the stocks estimate at .42c which is down from last quarters earnings at .74c. With lack of mobile presence and technical chart issues this stock could soon be trading at 26.00.