A DEATH CYPHER (Bearish Gartley) formation has appeared. There is nothing Bitcoin can do about it, and it's going to it down to hell. But don't panic, if you're invested in Alt-coins, like Ethereum, Litecoin, Ripple, BitShares and Stellar, there is nothing to worry about. If you are not, good luck. You may need it. This baby is going to hell faster than you can imagine. It will come back, as it always does, but this time BTC will have real competitors from other Blockchains, something I actually consider to be good.
TP: 825 USD at least, although it could go lower.
If you want to know the run-up setup for getting to this DEATH CYPHER, please check out my other post. I thought we were going to heaven, but then I saw a FIB DAEMON who changed my mind. I got out before this bull trap popped. Maybe not at the top, but I know I won't be at a loss.
Good luck!
Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and a search engine! I will be posting updates as I have been doing in my previous posts. If you earn good profits, please donate some to keep me motivated! You can find more info at my signature.
Trade ist aktiv
⋅
Pivot line confirmed. We're going down now.
Bear flag. Seems ready to keep dumping!
Trade ist aktiv
⋅
To be more precise:
Trade ist aktiv
⋅
It could actually be a Head & Shoulders formation.
Trade ist aktiv
⋅
Trade ist aktiv
⋅
Bitcoin about to dump!
Trade ist aktiv
⋅
Didn't dump, but this is a better setup:
Trade ist aktiv
⋅
Final update about this chart:
Reasons why Bitcoin is about to go down BIG time.
- Three bearish cyphers in fractal positions. - 222 bars for this pattern to go. Middle of the pattern is 111 as you can see in the chart. The middle is also where the FIB bottom is located at. - We just touched the upper historic resistance. - Chaplin Cypher feels sorry for all the noobs who keep thinking we're going up.
Good luck!
Trade ist aktiv
⋅
Added some FIB circles to the first two fractals.
Trade ist aktiv
⋅
Oh no! A stick Illuminati figure has appeared! Poor Bitcoin!
Trade ist aktiv
⋅
Oh no! Bitcoin bulls are getting hammered big time!
Poor Bitcoin!
Trade ist aktiv
⋅
Ouch! It's getting pounded hard. Damn!
Trade ist aktiv
⋅
They just went super sayan!
Trade ist aktiv
⋅
Bearish cypher is winning, and he likes it.
Trade ist aktiv
⋅
Trade ist aktiv
⋅
Hmmm... this is starting to look more and more familiar... the colours... the star... who could it be?
Trade ist aktiv
⋅
Check out the numbers for clues. 444 - 888. Sounds like the far east. Asia...
Trade ist aktiv
⋅
Warmer...
Trade ist aktiv
⋅
Oh so BTC is trying to go up? This guys have brought some reinforcements.
Trade ist aktiv
⋅
Communist jets are approaching:
Trade ist aktiv
⋅
Communist fighter jets have started to bomb Bitcoin! NO!
Trade ist aktiv
⋅
Bombs are approaching its target:
Trade ist aktiv
⋅
Communist bombs are about to hit the target!
Trade ist aktiv
⋅
Bombs hit the target... Bitcoin seems to be fine though...
Trade ist aktiv
⋅
Seems like Bitcoin is weakening. Some Litecoin fighter jets are now hovering it. What's the plan now?
Trade ist aktiv
⋅
Litecoin fighter jets are starting to drop SegWit bombs on Bitcoin.
Trade ist aktiv
⋅
SegWit bombs are about to hit their target
Trade ist aktiv
⋅
Trade ist aktiv
⋅
Target hit
Trade ist aktiv
⋅
It's super effective!
Trade ist aktiv
⋅
Oh, bulls want a new attempt! How cute!
Trade ist aktiv
⋅
Too many red dojis. The end is near.
Trade ist aktiv
⋅
Seems like those SegWit bombs really had an impact on Bitcoin.
Trade ist aktiv
⋅
The monster has one last chance against Bitcoin. The BFX missile is getting ready to launch:
Kommentar
⋅
Set.
Trade ist aktiv
⋅
Launch.
Trade ist aktiv
⋅
Trade ist aktiv
⋅
A critical hit! It's super effective!
Trade ist aktiv
⋅
Now that Bitcoin is going down, the monster has laid a very nice rainbow carpet for it.
Trade ist aktiv
⋅
Added more FIB dimensions.
The monster also became Bitdel Castro.
Trade ist aktiv
⋅
Trade ist aktiv
⋅
Trade ist aktiv
⋅
Relájate and enjoy the ride down my friend.
First target seems to be at 1100.
Trade ist aktiv
⋅
He seems to be getting ready.
Trade ist aktiv
⋅
Bitel is just waiting for the collapse. Not much going on though.
Trade ist aktiv
⋅
Zooming in, Bitcoin likes riding the rollercoaster, but it looks like this trip is about to take it to a lower level...
Trade ist aktiv
⋅
That's what I call a DUMP. Bitcoin is just continuing with the ride!
Trade ist aktiv
⋅
Let the geometrical rollercoaster continue.
Trade ist aktiv
⋅
Possible contracting pennant formation on BTC.
Trade ist aktiv
⋅
A dragon has kidnapped Bitcoin. Will it take it to a safe place or just dump it?
Trade ist aktiv
⋅
Trade ist aktiv
⋅
Trade ist aktiv
⋅
Trade ist aktiv
⋅
Bitagon.
Trade ist aktiv
⋅
Bitagon, where will you take Bitcoin now?
Trade ist aktiv
⋅
Trade ist aktiv
⋅
Kommentar
⋅
There is an ascending channel that could break down at any moment.
Trade ist aktiv
⋅
This trade will continue in the following threads:
Unfortunately you are wrong again. Like your ETH charts :) But thank you for your efforts.
CoinMajesty
⋅
@crypto.888, lol, did you even click play? it's falling down already!
CoinMajesty
⋅
@jsburgos, and some of my ETH charts have been very, very accurate ;) (not all of them I admit).
spaldingchadwick
⋅
@jsburgos, @crypto.888 Your crazy man, his TA on ETH a few days ago was INSANELY accuruate. He predicted ETH closing a descending triangle and breaking out upwards, reaching near ATH and to get out around .055 ........... It went from about 40-53 USD within the two days following the closing of the triangle.
I'll concede that this chart isn't exactly accurate so far, and I disagree with it. But DAMN you would have made so much if you trusted his LONG ETH NOW chart. (Which was deleted by trading view mods I might add)
spaldingchadwick
⋅
@jsburgos, Oh and Juan, no disrespect. I feel like as we are beginning the season of bitcoins market cap increase and ETH news a ways off, we might see BTC stay around 1100 for a few weeks. Keep up the good work though man. Always studying your TA, one of the best analysts I've come across!
CoinMajesty
⋅
@spaldingchadwick, Thank you for your comment. We're still going up. You will be very surprised because I think this setup will end up happening in a certain similar way. Let's wait and see ;)
jin0
⋅
@jsburgos, hi is it a good idea to buy some btc and invest it in xpr now and what is ur prediction on xpr
CoinMajesty
⋅
@jin0, check out my other charts. There is one for XRP. I would invest it in BTS and wait a few weeks ;)
jin0
⋅
@jsburgos, ok thank u for ur advice ........
gson
⋅
@crypto.888, BTC is at 1129 and falling how can he be wrong?