Crypto WARNING! Not sure why I help you guys as much as I do Was planning to put this up a week later, but with the bullishness already appearing I think its time. I'm not one to give warnings often, because there is an excessive amount of negative nancy's (aka Baron) & 'the boy who cried wolf' type people on this forum already. These people have completely missed the phenomenal crypto bull run, instead choosing to sit in dropping metals! Now, the opposite is starting to occur. Just recently I see tozak started a thread calling for $50k-$1mill Bitcoin. The mega high calls are finally occuring... no analysis whatsoever, just plucking figures. Please don't take offence - simply stating the obvious. Around 6 months ago on this forum I predicted that Bitcoin would most likely run up to APPROX US$6000. We are starting to get in the vicinity of that figure. Below, I will provide a chart with an updated expected top, closer to approx US$5600. I suspect you may have very little time left to get your crypto money out of the system! October is a notorious month for crash type scenario's. Also, years ending in '7' carry some nasty crash stigma. (aka 1907, 1917, 1937, 1987, 2007 etc) MANY crypto's are in the process of completing an Elliott 5th wave up... this means a BIG down should follow. Will we crash big time, tulip style? I'm starting to think there is a very high chance with the chart shaping up that way. With my crypto portfolio going up some 1500% in the last few months, during the next fortnight I'll be putting my money on the sideline for the rest of 2017. IF (a big if) we get through this year without a monster capitulation, maybe I will look at them again next year. Anyone deciding to get out soon - keep in mind that some trading sites only allow you to pull out 3BTC per day etc (if unverified).. so you may need many days to retrieve your funds if you are a whale investor. I still believe NEO is one of the best places to have your $ for the short term. As always do your own research and don't make any trade decisions based on my analysis. Peace out & happy trading.
This marries up to you other post "faith in neo" https://www.silverstackers.com/forums/index.php?threads/amazing-opportunities.86404/#post-1030047 I have been making a transition from alts to pm on here and as far & wide as gummy for some time (many burnt finger lessons trying to pick tops and bottoms) Now moving into miners - positioning based on the guiding chart signals and the many unhappy miners it will bring stating from how unprofitable it is because to many peeps mining along with price fluctuations that come with the change. Opportunity to mine your hearts out and fill up on your altcoin bags as long as you can weather the king tide power bill surge you'll get! P.S. just keep you eye out on flea bay when the tide turns there'll be truck loads to backup for................... The 4th wave rinse and repeat cycles don't you just lovem! @SilverSale tozak started a thread calling for $50k-$1mill Bitcoin He is a futures man rubbing his crystal ball Plus a special p.s. to tozak " Love your optimism " Your in pole position to top up for the next leg up! I will back you up with my wet finger pointing at the pc screen forecasting the next big windy event direction from the breeze of the office aircon CHEERS SilverBags
Damn Missed that one, Recent high back in Sept was US $5013, for a few minutes with an average of US $4900, not really anywhere near US $ 6000 is it ? Based on What exactly ? The number 7 , The Month of October ? , Or Elliot Waves ? The great Crypto Crash of ... Oh hang on there wasn't one in 2007 was there ? Or 87, 37, 17, 07 either right ? Elliot Waves ? ? ? Please show your work for this aspect of your assumptions ? Does it apply to all Crypto's or just specific ones ? the total market or just an arbitrary selection of it ? I only ask as I agree with you about NEO, but if the whole Crytpo market is about to crash/tank/fail then what hope for NEO ? and if your chart only apply's to BTC then what about the other few odd hundred Crypto's out there like ETH, LTC etc ? It's all well and good to make predictions and post them here, but please do us all the courtesy of making some sort of grounding for such a post, Why would be a good place to start, what for would be a good follow up. These threads are strewn with extended or failed predictions from you already, so tell us all why this one should be any different ?
Alt coins are in an absolute blood bath... Congrats to those that took profits in the last fortnight before this event ...and yes, I'm completely on the sideline.
Well my post was not supposed to be a sales pitch to buy Bitcoin nor a crystal ball price target, if you read my post it's actually quite the opposite, I'm warning that a complete collapse in cryptos will occur soon as current price valuations and predictions are off the chart. However we have not yet had the final speculative rally up yet and I see a lot of people with millions of dollars sitting on the sideline at the moment, just waiting for the right moment to jump in. The same people would have put that money into precious metals had cryptos not been around so that is why I believe there will be a shift post the big Crypto Crash of 2018, back into precious metals.
Getting very close to my predicted (medium->long) term top. The recent quick jump in price will be getting all of the fence sitters on board.
US$5600 has been hit just now on Bitstamp, in a flurry of buying. Doesn't have to, but reasonable chance of a crash over the weekend on decreased buying activity.
I'm guessing it's going to keep rising until the fork. People are jumping aboard cashing in their other Crypto to get their free Bitcoin gold. 7k+ wouldn't surprise me.
This is a price spike on only moderate volume. It tells me nobody wants to sell. Also, the Koreans are leading the charge. Bitcoin exchanges priced in Korean Won are currently trading at about $150 premium. I last noticed this type of disparity in the June run up but it was still a lot more severe then than now. Just broke $5800 on the main USD exchanges so the mania is certainly taking hold.
Holy Bitcoin Batman! Practically all the altcoins are tanking or going nowhere. Clearly all the money flowing from alt's into bitcoin + some new money.
I think Bitcoin Gold is a scam... I will take their coins, cos they're free, but I will wait to trade them anywhere until I'm sure they are safe to use !
Well.... it's been a few days since my target was hit, and we appear to be crashing beautifully on queue. As per usual, no need to thank me for my amazingly accurate sage analysis.
I'm slightly confused. Are you saying all alts was crashing, or were you specifically referring to Bitcoin only? Cos some of my alts have been doing well oddly enough. Like NEBLIO for example.
I am certainly not seeing any "crash" SS. It is ok to be wrong though but calling and "on cue crash" is just BS.
I believe in crypto but this weekend is a risk. Technicals are showing some vulnerability and weekends have a tendency to bring on panics and flash crashes. I don't think it's "The Big One" yet because we haven't had the blow off top I'm looking for....but anything is possible.
