Baggie Coin is very heavy, what to look at?

27 feb 2019

This month is almost over and I feel it is very likely that BTC (Baggie(TM)Coin) falls in March, even the 1rst March possibly.
Pumps are possible but not likely here, and for the past year BagCoin has done what was most likely.

You have to look at the trendlines on the 1 hour chart, also the daily inside bar here, a bear break would mean a lower low/new low and losing the daily MA which is now at 3700$ right at the same price as that low:


More importantly, BaggieCoin is once again in a monthly inside candle, and following the usual market cycle thing. Watch out for the break.


BagH0DLers are all excited because their ponzi now looks "kinda like 2014", of course, once again they look at the few things in common and ignore what does not fit their narrative.







But you know, facts that fit your crypto investor narrative are great and any little detail is definitive proof, but any fact that contradicts you is worthless and to be ignored ;)

+ the volume, I really do not know, too much conflicting info
+ This, can't really make anything of this:


It is almost certain BTC will fall and return to around the mean, either the one at 1500 (1000-2000), or the one at 500 (say 250-750).
But would that be enough to shut the mouth of ignorant crypto baggies that know nothing but think they are so smart? Of course not,
they are idiots, and idiots are never wrong. So we will simply keep taking their money. How easy that is is countered by the facts things,
I feel, are moving pretty slowly.


So to sum up, what you have to look at:
- Immediately BTC trendline on 1 hour chart,
- Daily inside bar
- Bearish pennant
- Monthly inside bar
- The mean/BTC trendline on monthly chart
- Bitcoin average price since NewLibertyStandard started selling it (~1500)

27 feb 2019

Nota

I keep thinking about that trendline I really do not know what to make of it, I never saw anything like it. Gold? Nope. Nasdaq bubble? Nope. Bitcoin in the past? Nope?
Let's look at it again.


Nooow where did I see this. Oh the Mississipi bubble. Oh wait no, the Mississipi bubble stayed ABOVE the line, so it is not the same. Bitcoin literally looks worse than the Mississipi bubble HAHA I am dying XD

Hum, the Mississipi bubble was extremely bullish compared to Bitcoin, but I am sure I saw such a thing... Now where was that. Oh Right.







It's ok guys, the legend and FXTraderPro the educator that rocks at finance but sells signals for a living said Bitcoin was bottoming.

Bitcoin is one of the worse charts ever? So what? "They" also said it was done in 2014.


Buy when everything seems bearish.

Clearly, this:


Is the exact same thing as this:



Just ignore all the noise and #H0DL.
Does it really matter if you get the exact bottom?
Does it matter if you buy at 3700 or at 0.001?

Pff the bears are just haters that are sad they missed out.
Bitcoin has kept going up for 8 years, it will NEVER STOP!




The bears were wrong last time, hence they are wrong this time too.
#Cryptologic

I was not even ever a bear before March 2018...

27 feb 2019

Nota

Heavy rock fell hard. Baggies bought the dip.
Now the bulls have to show to us they have the strength to hold that low and MA, all is not lost for them yet.
Might zig zag around it a few more days. The quicker it falls the better, who likes to wait? This is 2019 not 1960 Warren Buffet times.

27 feb 2019

Nota

Didn't see the 5 minute RSI that low in months, actually this might be a record low.


A friend told me he saw an article saying that "whales are buying big amounts"
Haha ye sure. The chart on the other hand is saying that whales are dumping hard.

The little guy, the dumb little bagH0DLer, is getting scammed out of his lifesavings, and with a smile on his face, persuaded he made the decision of his life and will "beat the system" (that doesn't even make sense).

And all the complete morons that took student loans to buy crypto's, this will all just create issues.
They're going to lose everything, and then what next? They are going to find idiotic 1930 excuses, the typical dumb conspiracy stuff, and I am telling you, I sure am not paying to bail them out! Their own fault. Natural selection at its finest.
Baggies with loans are going to have to sell or they will have debt for life, but will they?

Jihan Wu is so going to be forced to sell his hundred of thousands of Bitcoins, he launched an IPO to bait gullible investors to throw more money in his furnace and keep his hope up just a little longer, but that won't be enough, he uses up so much electricity, and his bags keep dropping in price. He is holding onto his bags, but they bills will have to be paid.
Small ignorant wannabe 'investors' might hold on to the grave, but big miners holding millions of BTC and BCH and other, are going to HAVE to sell.

28 feb 2019

Nota

Not predictable at all or anything.



The month closes in 18 hours, brace yourselves.

28 feb 2019

Nota

I heard hammer candles on the weekly strongly rejecting a resistance were super bullish and sign the bottom is in






Aaaand that's it, that's all I could find with Bitcoin.


I do not know the exact stats, only that it is a powerful reversal pattern on the daily (even more on weekly), I read somewhere that bullish hammers on the daily chart had a 60% winrate.
Also according to coinmarketcap and affiliates volume went up 50% on that candle making it even more valid.
Maybe resistance gets tested again with MA100 acting as support, but it is going down down down so BTC won't be under pressure to break up, more likely to be in a descending channel at best.

28 feb 2019

Nota

1- Bitcoin monthly candle closes in a few hours
2- The price strongly rejected resistance after a fake breakout of the MA100
3- The price dropped below the uptrend but quickly bounced right to it
4- 20 minutes ago someone opened a massive short position on Bitmex, 578 million contracts
5- Everytime a candle is about to close this kind of stuff happens
6- Bitfinex shorts are still at their lowest level in a year (about 70 million usd)
7- Just like every bull trap before, all the usual baddies, signals sellers, bagholders, "legends", are overly bullish on Bitcoin and have bought, which will add fuel on the way down. The "legend" stated he invested in Bitcoin because his cristal ball told him that was the bottom, but if the price falls he will short to "hedge his position".
8- Just typical denial (some crypto twitter 'experts' are already throwing the towel and finding pathetic excuses)
9- For a while you had a really thin orderbook to the upside, and really thick to the downside. Very easy to pump the price with little money, bring as many fools as possible in and let the unprofessional crypto market makers move their thick order book up, and then open huge short positions without dropping the price, then dump a huge amount of Bitcoin in a really thick orderbook ready to absorb that huge sell.
It's too easy for whales.







The danger is with this thin order book resistance being broke, and that would be probably followed by a huge rally, which might be interesting to whales, they could benefit from bringing a ton of buyers in they can dump on, but there are other whales that will want to sell too, and until now they have not taken such risks, so I do not think this is likely to happen, it makes more sense to think things will just continue to behave as usual.

1 mar 2019

Nota

Nice. Only a matter of days now, either way.