Protip: We are currently leaving a symmetrical triangle Elliot wave pattern. Not only that, but we are leaving on a flag, pennant. BTC will finish it's current dip, then either have one much smaller dip wave (unlikely) or break directly out of the triangle. The FP indicates a strong breakout. This will likely occur tonight around 1:00am CST or a bit later in the AM if we have the smaller wave. Buys should be set about $1,700.
This will very likely break the $3,000 wall. Once this occurs, mass normie FOMO will set in and BTC will soar.
Chart included in post below (since no one pays attention to posts with actual info and charts, only meme photo OPs, FUD, and FOMO). You don't have to belive me, but my portfolio is up 50% this week from swapping between LBC, AMP, SC, XCP, WAVES, XEM, DGB, and SYS (missed STRAT, though). People on Veeky Forums who say TA doesn't work are fucking morons. It works better in crypto than it does in any other trading market.
Also, cut losses if BTC falls below the lower trend line
Ryder Ward
>1700 I think you meant 2700
Jeremiah Ross
Yeah, 2700, lel
Eli Martin
nice just bought 100k
Sebastian Hughes
bought 500k
Elijah Stewart
Niggerwhatareyoudoing.jpg
Christian Cruz
OP now phone(shit)posting
Ryan Murphy
...
Brody Nelson
...
Levi Edwards
...
Mason Ramirez
protip: don't
Owen Morris
It's going to dip much lower first.
Henry Reyes
Phone posting for keks
Gabriel Phillips
I stopped coming on /bid/ because all good advice is ignored and only FUD and FOMO is followed. Please, user, if you're gonna trade, learn to trade.
MACD, RSI, Ichimoku Cloud, Trend lines, meme triangles, chart patterns, candlesticks, Fibonacci retracement for basic knowledge, buy low, sell high...omly then will you enter Lamboland.
Dominic Morales
As long as you have a proper entry (ex. only buying within the trendline and) exit strategy (ex. selling if it falls more than $10 below the trendline), the risk is very low while the reward is quite large.
Stay cucked, user
Matthew King
I'm betting that it would go down. Even it goes up, it won't be by much before it goes down again. There's obvious manipulation by whales because the buy/sell walls have the typical staircase pattern. Most of the buy orders are in small amounts.
Jaxon Ross
...
William Long
>buy high sell low
Noah Kelly
I believe it, OP. This fits in well with my theory that bitcoin will moon up towards august 1st as people want acquire btc to get on both chains. Expect alts to tank hard for the same reason.
Luke Brown
What chains? The fork isn't happening. Maybe in November but not now brotendo.
Jayden Clark
ITT : Random guesses and backwards rationalization.
Nathaniel Long
My week graph looks like yours but idk what I'm doing desu. Where to learn this stuff besides googling everything and investopedia. Is there like a comprehensive free site around here that teaches?
Dominic Anderson
>a comprehensive free site around here that teaches You're on it
Jihan and the other big blockers iare going to split off their Bitcoin Cash (BCC).
Noah Diaz
Just learn it from Googling, application, and then figuring out what you did right and what needs modification and more learning on. A lot of it is pretty simple and doesn't take much to get the hand of once you get the hang of it.
Like seriously, draw a trend line along lower candle wicks, consider selling it it breaks much below the trend line with a high RSI and crossed MACD signal line, ???, profit. Again, suprisingly simple.
Nathaniel Hughes
Their price is gonna go to shit. Most people will sell right away. They're just throwing a bitch fit that won't be successful in anyway.
Chase Thompson
For sure. But they might dump their real bitcoin in an attempt to fuck it over. I expect ATH leading up to BCC split, followed by big crash. We might see $1200 bitcoin.
John Ramirez
Rolling!
Asher Thomas
This is what I'm worried about. I'm enjoying the bull run now and am gonna keep trading for dem mad gainz, but I'm gonna cut my losses short quick it looks like a reversal is happening. I'd much rather have to buy back at 5% more on a bear trap than fall down due to mass market manipulation.
Sebastian Lewis
the question is how much money does Jihan and his crew have ? If they dump all their BTC holdings all at once can they crash the course and maybe even meme some people into holding Bitcoin Cash instead ?
Grayson Ward
Well. considering they run some of the worlds largest mining corporations, which are essentially the Fed of the market, certainly quiet a lot.
Personally, I'm gonna keep trading as normal, as if we are in an uptrend still, but set and update stop losses on all my coins daily
Carter Reyes
I think both sides are going to dump so I except a price bloodbath.
What really alarms me is that if Jihan can convince enough of the miners to join his side, they could realistically 51% bitcoin.
John Jackson
>Dat TA babble
lel comedy gold.
Leo Edwards
I dont see the point why Jihan is even doing this, there is no way he can profit from such a bloodbath so what's his endgame here ? what does he want ? surely he must lose A LOT of money if he really goes for this bloodbath.
Zachary Long
we're currently entering a reverse feldgrau piledriver maneuver, expect 1100 in 6 hours
t. finance degree and worked at goldman sachs for 8 years
Jaxson Sanders
He has a near monopoly on mining equipment. He has a chance right now to become the world's first trillionaire, and it looks like he's going to take the gamble.
Easton Powell
The problem then, is it really worth if for them to cripple the market just to try and pump their shitcoin? Even if they did, I doubt BCC would pick up much steam and I think they know this. Wouldn't it be more profitable to just let the coin they already have huge control over to just do its thing and go up significantly in value?
Jason Cox
Think about it from their side. If BCC wins, Jihan will become insanely stupidly rich in the future. If it fails he can just go back to mining bitcoin. Crippling the market right now doesn't matter because either way no one will remember in a year.
Isaac White
>I'm too ignorant and stubborn to spend any time learning well proven trading methods so I'll shitpost instead
Good choice, user
Aaron Allen
I hate this fucking greedy faggot, I will have to get out before the inevitable split and just stay on the sidelines until this shitshow is over.
John Gray
BTC is on it's way to $5,000 closing by the end of the year. If he did that it might be another few years before we could reach that again. I just don't know that it's worth it for him.
Either way, I got my stop losses set tight and my exit strategy planned in case it does go down
Caleb Jenkins
1st November is when he will split off right ?
Cooper Allen
I mean isn't he effectively increasing his money by 10-20% by this split? He will still own the same amount of BTC but now he will also have BCC.
What's to stop him from making BCC, dumping it for more BTC then going back to mining BTC after he's made profit and bought more BTC from the price falling down?
Levi Flores
What's the most reliable crypto trading platform? Trying to get started
Matthew Sanders
LOL imagine he does that. That would be fucking crazy
Christopher Russell
>arbitrary made up rules >methods
Charles Adams
YGOX, formerly known as Yu-gi-oh! Online Exchange
Serious internet currencies use trading card sites
Noah Cooper
nice meme
Lincoln Thomas
kraken if you're EU bitfinex otherwise
bittrex for altcoins
Gavin Lee
No, they announced their is now going to be a BCC hard fork on 08/01 in addition to SegWit2x
John Foster
Isn't that like the most obvious thing though?
Eli Butler
oh shit, I better get out of BTC soon then... I have no trust in Jihan not fucking everything up.
Xavier Perez
two 6s so far lets make it a 7
Mason Ortiz
>three sixes
Ryder Sullivan
KEK HAS SPOKEN
TA KEKS BTFO
Austin Robinson
Don't get out unless there is definite signs of crash, such as trendline break, etc.. Otherwise you might miss the likely over $3,000 moon mission.
Let your profits soar, cut your losses short
Grayson Taylor
I mean I know the basics but with these whales playing mindgames I dont feel like I belong here. And with the poential of a huge crash when this thing goes wrong I really dont think I should be around for that possibility.
I will probably buy back in as soon as the market has calmed down a bit...
Zachary Long
meme
Landon Ross
...
Zachary Lopez
>dubs now
Aiden Jenkins
ask nicely and he shall return the favor
Camden Lopez
If you want it bad enough you'll find it. Or stay here with the 12 y/o from /pol/ trying to predict the market by post numbers.
Sebastian Miller
Twitter OGs calling Jihan crash attempt is go
Brandon Stewart
Unfortunately i think this is the most likely, where there will be a short-term upshot to new ATH, followed by massive sell-off and settling back to current state. Back to watching the ticker like a stim addict.
Angel Robinson
Good luck with that, the market clearly wants segwit. jigglehan is fucked if he doesn't keep mining BTC and he knows it.
This is a temper tantrum because segwit takes tx off chain so he no longer gets that juicy fee money.
Christopher Hughes
So when's a good time to short BTC? Any day before August 1st?
Benjamin Collins
>8 hours ago so who else is waiting for op to deliver?
Lucas Ross
Here we go boys
Ayden Brown
what website will show me the trend lines?
Eli Taylor
*price does literally anything* "dead cat bounce" - biz
Lincoln Nelson
I will throw a bone for the Poloniex fags >Look at GRC/SBD
Camden Fisher
OP here. I was expecting 3 waves and then breakout but we're getting another tiny one now. Just be patient, user.
Liam Ramirez
Coingy. It doesn't show you them, but it gives you tools to draw them
This is silly. All profits will be lost when Aug 1 comes around
Chase Moore
what if people buy and it just keeps going down instead.
Gavin Fisher
Are you retarded?
Dylan Rogers
Wew, managed to make one last small trade before the crossroads. Hope it dips down to 2700 so I can make some real gains.
Grayson Gray
how do i cut losses if bittrex froze all my bitcoin
Gavin Flores
wtf why did they frezze all your bitcoin??
Daniel Cook
were in a happy dog sit at the moment
Christian Davis
oh nevermind i really am dumb, thought it was froze earlier but i see now they just changed confirmations to 6. thought i couldn't trade with it at all
Parker Young
>being such a newfag you don't even get this
Elijah Hill
shit dude scared me i was about to transfer from bitcoin there to buy some ANS but everyone is crying right now because ANT did not delivery as they expected over one day
Alexander Sanchez
honestly just set an order to buy above the upper trend line, you dont miss the moon if it does go up, and you never enter the trade if it doesn't moon.
also these fucking captchas where you need to wait for the fucking image to load as you click them over and over are really fucking annoying fuck off mods
Charles Davis
it's finally dumping guys how low do you think it'll go down to 2730 from hovering around 2760 for over an hour
Wyatt Ortiz
kys
Levi Powell
ITS HAPPENING. THE ASIANS HAVE WOKEN UP
Lucas Williams
get rekt nigger sub 2730 now and the buy walls seem to have dispersed
Carter Morales
going up guys. 1.13 CST. OP was legit
Jacob Gomez
ITT: Buy high sell low psyop
Isaiah Harris
And?
Camden Lopez
MAKE IT DO SOMETHING ALREADY
Justin Ross
Is that official BTCrocket lunch to the moon?
Jordan Wilson
>surely Veeky Forums was right. I'll just have to wait a few more hours... then I'll be a millionaire!