Prepare for 3k. This is why it must happen before crazy bull run

If you are a bull long term you realise this will happen.
BTC supply is huge. 17million coins.
The circulating supply is tiny. 3 million coins? thats generous something like under 1 million coins are traded circulating.

Now megawhales and early whales know they cant unload shit. if we take it all into account, BTC is worth far less. However, every now and then we see parabolic growth, which does a few things.
It increases the circulating supply of traded coins. It increases drastically the number of people participating in the market. distribution. This must be done over time.

Imagine some children with 100 marbles playing. another kid comes and wants to play, the children put 90 marbles in a bag, and say to the third child, you can have a marble and play only if you pay 10$. the child sees there are not many on the table and pays for a rather high fraction of the marbles on the table (10%).
After a few more children have done the same, the circulating supply is too small to play anymore, and price too high to enter. no kid wants to give up their marble. The child with the bag of 90, decides it's time to take 20 more out onto the table.

This reduces the entry cost to play with them slightly, but not as much as if they had all been there from the start. the process now repeats.
This is what is happening with BTC and its circulating/ actively traded supply vs what is in cold wallets. soon we will see a moon beyond your dreams, but not before we go lower. Only then will a new round of people be attracted to the market.

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Other urls found in this thread:

tradingview.com/chart/XRPEUR/Y5zMBx1R-Fulcrum-bottom-complete/
youtu.be/fN0wfZnHDyE?t=15m3s
twitter.com/SFWRedditVideos

blah blah blah see you back at 20k

what you describe is that we reached the bottom some time ago. Sell, I'm not yet finished accumulating more

See you at 200k soon enough. 3k will happen first.

m-muh triangles say so

Don't bet against the trend.
We are about to see a huge break out, and the chances are it is down. It could reverse, but that is actually bulll bias right now.

Zoom out enough, and the trend is clear. Descending triangle withing a smaller symmetrical triangle gives a clear indication of bulls or bears are in control.


4.4k is next level, and the only confirmed Iron level support after is 3k.

volume says distribution is definitely not over.

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So like diamonds, then?

you're dumb as hell, bro.

>If you are a bull long term you realise this will happen.
bullshit

Diamonds, but much more useful,and with better economics

>4.4k is next level, and the only confirmed Iron level support after is 3k
you just pulled that out of your ass nigga won't go below $5.7k not for more than momentarily.

I will simply say, I have never held a shitcoin, and only ever traded BTC. sometimes on leverage. I have tripled me holdings in BTC since January crash. I am not some noob.

I am hedged anyway, but i know where i see it going.
This is just one of my mex accounts which i am trading for a client. I have done a 2x for him in a month. Currently in a trade which actually has wallet balance at 5.2BTC

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>i've made good trades before so i'm always right about everything
you're wrong about this

That is not my rhetoric, but it seems to be your projection.
I am simply saying, don't be unprepared. That is the mantra. I am hedged. There is a chance 6k holds, but the macro trend is still DOWN.

I do not make trades on "hope".

nigga stop arguing with me. the bottom is in.

Show me your own meme lines. you dont get to decide because you feel like it is. lmao. Let me show the last person who had bull

what about Bakkt and the new announced exchange ErisX? Surely those will bring some new money in

Delusional, the bullmarket will not even be started by BTC, because no one with a working brain cares about this antiquated shitcoin anymore.

Imagine being a bull in this environment, lol

i don't trade based on triangles

tradingview.com/chart/XRPEUR/Y5zMBx1R-Fulcrum-bottom-complete/

This is what happens when you bet AGAINST the bigger trend and LOOK for bullish biased TA.

He was almost right, but his timing was off, and it was a fatal error. We can go lower to 4k level before a true reversal happens EASILY. you are basically betting and gambling that it doesn't.

dude, just fuck off, go back to raddit stay there and live stream your suicide

what a retard lol
BTC is the only thing that matters you brainlet, I guess you're holding bags of pre-mined chinese shitcoins

i buy and hold, fag. no stops. i'm in this shit for the long term. i don't risk dollars for pennies. zoom out.

Basically, you are not even allowed to sit at this table.

trading based on triangles is literally bottom-of-the-barrel retail investor tradingview-tier faggotry. it's designed to lose people money. i bet you hang off every word EXCAVO and botje say with their fucking constantly changing triangles.

you will be btfo

i'm not absolutely sure about this but have a strong feeling that btc will fuck bears in the ass badly this time. so many people expect it to go to $3k or below they will all stand there pants around the legs missing the train. they will fomo in after btc makes it past $20k until then they will be all like "this will crash this is a fools rally it's unnatural manipulated market ..."

I'm sorry to disappoint you, but if you really haven't made any money off the last alt season you're one of the worst performing traders.

No. I dont look at crypto twitter. I dont look at philkhone cunt who is a gambler. I actually never use anything, i dont let myself get influenced by these faggots.

I use relatively few, very reliable system for me. Results speak for themselves. I have background in forex, i moved into BTC last january, and found TA works EXTREMELY fucking well with BTC. way better than forex. If you know how to find BTCs adam and eve fractals, and how it behaves, it is way more profitable than forex and way more reliable.

People who dont have any decent experience always say what you just said.

I do not play the altcoin casino, and I do not even need to.

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i'm not a daytrader. i've been in this game since 2013, been through multiple market cycles and i know a bottom when i see one. please enjoy getting blown the fuck out when you miss the bottom. if you think you'll be able to buy for 3xxx because of your meme lines you are both a terrible trader and a terrible investor, that's game set and match.

simple question given an edgy response. kys.

The beautiful thing about TA and not being shit is you dont miss anything. lol. I do not all in and prey like holders lmao.

I am hedge rather comfortably now. My set up is almost complete, I will benefit form whatever happens at this point.
I just see the trend is still well and truly down. confirmation will come EXTREMELY fast, within a 400$ price range from where we are right now. thats almost nothing in terms of "missed profits" if you were flat.

We are waiting for a brave whale to make the move now nd give confirmation, where all the side line whales and traders will pounce. it will be huge fucking volume when it happens.

You should do so if the market gets bullish again, because you still seem to play with pocket money. A 5 btc wallet isn't something to brag with btw. lol

you keep saying all these things you do and don't do in your trading practice as if they somehow make your laughable call for 3k before bull a more valid statement. the fact is you made a categorically ridiculous statement which will not come to pass. you can comfort yourself or try to tell me all the things you do and don't do, but you made a fucking stupid statement and will be blown the fuck out. it's that simple.

if you're so confident, here's one of my btc addresses 19rh6CZB99iJWBbGDQEQh3ZRHKF9KVywR9

set aside 1 btc from your stack right now and i'll do the same, and if we hit 3xxx i'll send you one and if we don't hit 3k before we hit 10k i'll send you one. post yours.

>We can go lower to 4k level before a true reversal happens EASILY.
we can go anywhere otherwise it would be a sure bet and any retard could make money on it.
but unless a major exchange folds it's not gonna happen.

Actually, the only alt i am interested in is Link lol.It took me many months to decide that. the one altcoin i would ever hold. XMR is honorable mention.

In fact, like fascinated me so much i spent months trying to TA it, work it out, and do the FA. I concluded, it only follows BTC for now. It is in the early adopter phase, maybe in stealth level.
I am planning to enter a large position whether we break 3k or not.

Attached: linkh.png (200x200, 11K)

you send me one*

That isn't my wallet either, it is one of my clients. I actually own about 5x that, 3x up since January

larp broken
fuck off faggot, go to raddit and live stream an hero

Lol. If there is any coin to gable on (and it is gambling if you are a hodl retard) it would be link.

I will have 5% of my folio in it soon. rest BTC

I wonder what the ratio is of people on Jow Forums who genuinely believe their unfounded guesses vs the ones who are desperately trying to manipulate the market.

That said, if crypto has already reached the eye of mainstream society, where exactly will the funds come from to increase the value of any crypto asset? Which future bagholders still exist that will buy these assets at the moon prices that people are suggesting?

i only care about btc long term, but short term i see great potential in an ltc/btc reversal.

by reversal i mean it goes back to like 0.015 form 0.009 not flip or anything.

Finance normies, after the finance nerds came from 2015 to 2017

How many? How much will they invest?

alright pussy i guess we don't have a deal. back to tradingview you go

everyone who wants to fomo. People will chase gains like always

see

The situation we have today reminds me about 2011 after the first crypto nerds crashed the markets and normie nerds argued if btc is a ponzi or legit. IIRC, it ended with a bullrun from 2 to 1000, and those were basement dwellers who lived with their parents.

Lmao. what the fuck do i have to gain from this? satisfying some angry little man on Jow Forums?
I do not need to make random bets with strangers through official means. I can do it directly on an exchange. fuck you gotta be pretty sore in the pockets if you are putting out an offer like that

fucking larper confirmed. i'm literally offering to donate 1 BTC to your "sure bet." ... sore pockets, sure. wanna make it 10?

I remember being just like you, you’re about to experience what we like to call “regression to the mean”, I used to trade options before BTC, I had conducted 22 trades over a three year period, and every single one yielded a profit after tax ranging from 2% (my worst one, to 30% my best one) I felt like a god. I had gone from a little over 30k to half a million after tax in just three years.

Then I made one single binary bad call that cost just over half my net worth. I had played out my lucky streak and regressed to the mean. That’s what’s about to happen to you, you’ve got this excellent track record so it’s made you cocky, it’s atarted to make you think this market is predictable and anyone can make money if they just use common sense. But the day will come when the market behaves totally irrationally and brings you back to the mean.

so i should not buy?

>I am hedged. There is a chance 6k holds, but the macro trend is still DOWN

You are so fucking stupid. Did you read a single post i made rather than get all emotionally triggered cause i suggest 6k doesn't hold?
I do not need you poorfag BTC. I will make way more than that if 6k breaks or if it holds.

The thing about TA and trading is, you make money no matter what. And in situations like this ? you find a hedge. I am comfy hedge right now. confirmation will be extremely obvious to either side fast so hedge set up was simple. You probably dont even have a clue what i am talking about. In other words, whether you are right on your "feelings" or not I am gonna be in a winning trade. I long and short all the time.
The trend is just down.

Should i buy Bitcoin or Bitcoin Cash?

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And perhaps it is similar, but what of diminishing returns? Surely you must acknowledge that the ride will end at some point. With every passing moment the window of 'making it' with crypto shrinks- it may have already closed for all anyone knows.

why not both. Or would you buy a woman with only one tit

Thanks for the advice. I have seen that happen to many traders before. been really cautious of it since January. I experienced this last year when i first started trading BTC. I went from something like 0.4 BTC to 13, then got cocky and didnt stick to my risk management and over leveraged and traded, lost it back down to 4 BTC.

these days i have strict protocols. I never risk more than 10% of my account balance in a single trade, I always take profit at certain levels, and I ONLY make about 2 trades a month on the bigger trends when it comes to leverage.

all those entries on that pic are just profits being taken, only about 4-6 positions were held in that entire thing.
thanks for reminding me though.

see

Brainlet

yeah it just gonna have bigger and bigger bubbles until the reality about it not scaling for shit and something better overtaking it finally in a decade or so.

lmao "angry little man" indeed.

i own 203 btc plus change at the moment. i bought at the bottom of every market since i got in in 2013. in the summer of 2013 and in 2015. i sold some on the way up both times to finance my lifestyle.

i've "beaten" this market more than you ever will with your shitty daytrading and meme lines. and like the user said above, you will regress to the mean. 90%+ of all traders do. i've seen it over all these years

i told you you were wrong, told you your meme lines ain't shit, offered a friendly gentlemen's bet, so that you could gain one more btc if your "sure thing" call isn't right

and you're still pissed off. lol. are you pissed off because you know your wrong? are you pissed off at free money? or are you just pissed off?

That doesn't answer the question. If you'd like to take over where that user left off, try answering

You are way too invested in this debate. stop replying.
Congrats, you held the bottom and held, not working for shit, your strategy is not the same. you never even attempted TA, you are NOT QUALIFIED to sit at this table or have an opinion. Let those who can actually have an opinion talk.

Is this an interrogation?
Fuck off faggot, go to raddit and live stream yourself biting a bullet

i look forward to the day you regress to the mean user and get a bit of this insane wind knocked out of your sail. it's coming soon.

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btc xrp xmr iota

only things worth buying long term
but yes, btc is really all that matters in this market.

what margin x do you usually trade at? If cross, what would be the approximate equivalent if you were use x? Do you trade mostly on the daily and 4 hr? Do you use any indicators besides fib lines or just go based on fib, horizontal, and diagonal support?

Why would you hope that? lmao
We're all in this to make it together with different strategies. enough hate. Leave my thread and if it causes you to get triggered because your opinion is different. grow up

you dumb shit, we already have segwit

scaling problems are solved. stop drinking vitalik koolaid

no we're not dawg. bearfags and shorters are not in this together with the crypto community. some people are in it to make a buck, some people are in it to make a buck while building a better future where banks can't kike us anymore. i'm part of the latter faction, and you're part of the former who just wants to chase price action.

I only use 5-10x leverage. never use more, its degenerate level.

I use strong trend lines, good reliable shapes, good extensions and fibs. knowing how to draw fibs correctly and where to reference them is an art though. Looking for BTC "adam and eve" fractals is very good too. You gotta back test a lot.
I keep it simple. 4HR and daily. My targets seem to always collide with other indicators when I occasionally look, which is kinda nice to notice.

I dont even use indicators much. No need.

Will one btc be enough to make it whaleanon? Not all of is are richfags or fortunate to have gotten in early like you.

>but yes, btc is really all that matters in this market.
for now and the coming years at least. i don't think btc will be around for very long. it has to die so a new king can emerge but the next 10 years it will reign supreme.

Only if you want it to be. It's clear you don't have the information you're pretending to have and now you're lashing out because you've backed yourself into a corner.

What's that smell? Cope, perhaps?

>you dumb shit, we already have segwit
doesn't matter, the base transactions per sec are not even enough for setting up and settling payment channels once a month for nearly enough people.

This desu, it's one thing to want to make money and be free, but bear cucks are the worst:

They didn't make enough money during the enormous bull run to have to stop trading so they're all trading with lunch money, usually around 1 BTC, at most 5, which also means that even if they short and BTC goes to 1 USD, their BEST outcome is to double their money unless they re-open shorts and risk getting squeezed.

So then consider this, a bearfaggot is openly rooting for society's one chance to escape the road to serfdom and our keynesian dystopia of hyperinflation JUST to make like 5-10k. This is morally more repugnant than being in the seal skinning business.

If you think crypto is dead then out of respect you should quit this manipulated market and just buy leveraged SPY ETF or some other boomer stock. But to sit here posting bobos and HOPING BTC dies is gross and you guys deserve to get squeezed.

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eventually user, yes. the next run will take us into 6 figures. but try to accumulate more if you can while the getting's good. buy and hold. small increments. accumulation. play the long game and be patient.

You are emotionally invested. Sorry. "bear faggots" are not influencing it like this. they are going with the fucking trend. It's what happens in all markets, and its part of nature.

traders in either direction give liquidity, and cause distribution events and accumulation, which are vital parts of a growing market and any price action. they HAVE TO HAPPEN.
Get it in your thick heads. Whales cant just hold the coins forever and nobody else gets them. they purchased them for pennies. by distributing them after huge gain and selling or shorting" they are creating a buyer at a MUCH higher average entry, who is way less likely to sell till profits are seen.

this creates a huge wave of new buyers with a higher average buy in over time, leading to many boom or bust cycles and eventually big moon. Read the fucking op dipshit

stop hating on seal skinning
It is an honorable business

Not all of us bears are on leverage, my friend
And any of the bears who are not longrun bulls are truly idiots
I'm just looking to raise the amount of BTC I have and the lower the price goes the more I can get with my modest stack

>low volume chop trading for months, nobody is selling at this range
>monthly/quarterly chart indicates accumulation
>lower highs, higher lows on hourly
>triple bottom (soon to be quadruple bottom)
Yeah, we’re definitely going to 3k

he's not emotionally invested. he just considers himself a part of a community building something bigger than himself. he is representative of how the crypto community used to be, especially before the last bull cycle. the crypto community used to be overwhelmingly focused on ideals and the future, and we're still here, but now "traders" and scalpers have ridden up and decided that they're part of the community too, although all they want to do is make a dollar.

a lot of newfags don't like the ideals and the future, they just like the money. and that's why they trade with lunch money, because they don't really believe in crypto, they just believe in the price, and in the back of their minds they think it's worthless and all going to zero.

if you actually believe in crypto, you wouldn't feel the need to set stops and alarms and risk dollars for pennies. just buy little bits and hold if you actually believe in crypto, because i can assure you we are nowhere near the true valuation of BTC.

It can never stay that way. It doesnt fit with economic theory

christ user, i studied math and econ at the university of virginia. don't tell me about economic theory.

>the crypto community used to be overwhelmingly focused on ideals and the future
That was always just cute virtue signaling. It was always about what it would be worth in USD, but at best, it could be considered an easy way out of their current situation- hardly about ideals.

not trying to put words in your month, but it insinuates you beleive that BTC should be immune to normal economic factors. like people buying and selling, market confidence, boom or bust cycles, liquidity, accumulation distribution, market confidence ETC.

which is stupid. The old anti establishment roots of BTC is admirable, and the project still sticks to it. economic control, but the MARKET is a natural phenomena here and it WILL be bound by these rules.

Hating short sellers is jsut plain stupidity or lack of understanding. we need short sellers

That’s bullshit, bitcoin is the most manipulated market available today and futures contracts have only made that worse. We don’t need to go to muh 3k for whales to distribute their BTC, if they sell that low they’re retarded and don’t deserve to own it anyways

I would not put conscious decisions into it. the market is a collision of people and participators.
some mega whale who owns 80K btc which cost an average of $6,000 for them all wont give a fuck about unloading a few tousand bitcoins for 3k, and cause distribution, which could be RAPIDLY competed for by buying demand signaling bottom.

dont take that example literally, just remember how markets work

youtu.be/fN0wfZnHDyE?t=15m3s

Just watch for 30 seconds.
That's the spokesman for ripple, saying even HE owns BTC.
There's a reason for that kids.

it doesn't insinuate anything. it insinuates that you know nothing about economic theory and yet are happy to say you do. you have stolen ideas from others without a single original thought. you are a currently-on-a-lucky-streak trader who doesn't really believe in crypto and think his short sales perform a vital service to the market. somehow you think that you're helping the community by short selling.

btc is clearly not immune to any market or economic factors. i am telling you that your citation of "economic theory" as a reason why btc cannot be valued at 1trillion+ market cap is absolute hooey.

you clearly know nothing about money supply or monetary economics if you believe that is the case.

again btc will not survive widespread adaption as it is. i think however it will never take off as a payment system. it will be "just bitcoin, better than gold in every which ways".

lol u gonna get wrecked. fake out to thw downside, you and the rest if retard "daytraders" dump everything at 5600 to rebuy at 3k but it bounces randomly at 5100 and short squeezes straight to 12k in one giant dildo daily candle

Tell me what you think then!! I Asked your opinion not your fucking gripe.

Argument encase your forgot
BTC shorters are evil and are ruining BTC

Why the fuck would i sell at 5600? the lowest point for over a year? lmfao I'll close any shorts from that level down to about 5.2k and look for longs. Then maybe look for shorts after a rally

if you believe in crypto, you shouldn't go short because you drive the price down and erode confidence in the market. if you are a scalper, by all means go ahead, but don't pretend like you are part of the crypto community. you're just a scalper.

that's what i mean. you can't have it both ways. you can't sell short and do your part to erode confidence in btc and then act like you're performing a service that you should be appreciated for.

if you believe in bitcoin:
buy it, hold it, use it, accept it as payment

it's literally that simple

what makes you think you won't regress to the mean?

Read the whitepaper.
Satoshi knew it wouldn't scale indefinitely and a second layer would need to be adopted.
That doesn't mean BTC dies.

But maybe it does.
Someone's pulling the strings here, the question is which crypto inevitably ends up on top?

Does a "crypto" with a heartbleed style backdoor eventually take over while BTC drops and drops and...well...
they're just saving you from the scam that's BTC

Or was it BTC all along?