Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Beskrivning
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There is a 70 % Chance that we will see a Parabolic Bull Run like we saw it 2017 within a month - Not even that: This time it will most likely be even more crazy. Its a fact, that already now, we have been going steeper and faster than before.
EVIDENCE
1. Price Volume Trend Convergence
2. Bullish Volume Record
3. Global Bullish Market Sentiment (has decreased a bit lately but always happens at key levels)
4. The Bullish Momenum (Greed) keep increasing (MACD Histogram)
5. BTC-Dominance Movement is similar with what happened before the bull run in 2017 (for instance: First a crazy increase in BTC-Dominance, then a sharp fall, a consollidation and then we expect another drop)
6. Our Elliott Waves match extremely good with this scenario, COMBINED with... 6a ...what we can expect the whales wish happens, and also how they will be able to take advantage of the situation. 6b ...the Psychology of the Market Cycle, and how we can expect that people will behave. Just one example could be, that when we reach just above 10,000 USD Main Stream Media will pick up on the story, and this will engage new players to come into the market again.
There are no doubt, when you look at the technical aspects of it, this is the most likely scenario. Short term we MIGHT see a Stop Hunt very soon to the downside first, before we will go up again and continue our Bull Run!
D4
Please give a LIKE!
Kommentera
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CRUCIAL MOMENT for Bitcoin - about to break out from its triangle. BUT its not crucial in the sense that IF we break up, we then will continue up and automaticically go to 8,5k and make new highs.
This is so toxic. We have been back and forward this key level more than 40 times. And of the biggest risk - it depends on how you see it- is that this a BULL TRAP.
We could very well see, that we will go up and drop hard after. It would kill the LONGS and shake the market, which might be a good idea for the whales if they could hence it would be super proftiabable.
IF it happens it will still not ruin our Parabolic Movement. As you can see we have room for dropping or going sideways for a week more.
But watch out for Bull Traps.
Kommentera
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And here you can see, how they like toying wit us. It look like we gonna break up, and suddenly we are once again turned around. This could potentially lead to a big drop I have been talking about.
Kommentera
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WARNING. My intuition is telling me, that we will see something hasnt mentioned at all apart from me.
Kommentera
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And That is the Stop Hunt to the downside. We might see a sudden drop quickly like we saw what I believe was on the A-Wave. It would look something like this.
It would be the perfect Whale Move
Kommentera
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I know people dont like to hear this, but that is sometimes how it is with trading. This is a close as it can be to FLIP A COIN whether we will have one wave more up and then down again for hereafter to continue our bull run.
Or option number 2, which I believe is a bit more likely, instantly down and then UP again.
Please GIVE A LIKE. Would make me happy + there is a lot of wotk put into this.
Kommentera
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And boom...7800 USD. We are dropping! Me and our family were CONTRARIANS once again when everyone thought we would go up.
BUT, BUT... I shouldnt celebrate anything right now - as I said before, this area is toxic. Bear and bull traps everywhere.
But lets follow it closely! And thanks for followin me guys.
Where did you get 70% chance from? I would like to see your mathematical calculations.
Wheelman-
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Let's bookmark this one for later... setting calendar reminder, 1 month...
Wheelman-
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ok then, I'll snooze the reminder for up to a week, too
ReallyMe
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I beg to differ - will NOT happen
Just look carefully at the RSI action!
Based on my idea of 4-Jan-2019, so far everything fits:
mmmp12
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Taking volume from bitmex - a platform, where only derivatives are traded - is at least questionable....
FrenchysCrypto
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@mmmp12, why? It drives the price no different than any other exchange. In fact--it arguably drives the price action in this market.
mmmp12
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@FrenchysCrypto, No. It isn't driving the price - at least not always. The index at Bitmex is derived from 2 spot exchange with 50% weight on both of them: Coinbase and Bitstamp.
When dump started - it was first on Bitstamp, and later on Bitmex.
I agree it has some considerable influence on BTC price, but spot exchanges are where main price discovery occurs.
Ruckusman
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Hi!
I follow you for about a year.
I have one tricky question: "How did you managed to calculate (or estimate) that 70% possibility?" So far my knowledge is only "rule of the tumb".
I like mathematics and I would like to calculate some probabilites. For example: What is the probabilty for BTC to drop to 5k? Or what is probablity to rise to 10k.
I don't have any ideas where to start.... any suggestions?
Thank you and BR R.
Krypto99
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@Ruckusman, If you are into mathematics and probability then i strongly suggest you read "Fooled By Randomness" by Nassim Taleb, former WS trader since the 80's and one of the smartest fellas to have written a book on the subject imo.
dancingbearsays
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@Krypto99, great book suggestion, anymore? I've recently started growing my finance library, I love book suggestions more than stock tips. Empires rise and fall but knowledge is forever.