At the risk of being blamed for spreading FUD (lol), I would like to get a few opinions on the chart pattern below with regard to Bitcoin (circled in white).
THE CHART SHAPSHOT BELOW WAS TAKEN DIRECTLY FROM MY WEBSITE, AND CAN BE VIEWED RIGHT NOW BY CLICKING
HERE: https://www.traderschoice.net/
I am keeping my opinion out of this, there are a lot of very smart people who follow this blog.
So tell me..
What Do You Think?
Gregory Mannarino, "The Robin Hood Of Wall Street."
The chart is just one risk of Bitcoin. 80% of Mining is in China. China could destroy Bitcoin like this. Bitcoin is slow and expensive. Bitcoin is very risky. I don't see any long term value in Bitcoin. Nevertheless it could soar. Steemit or Ether or the much more better option.
Buying opportunities on the horizon :-)
Agreed! ...Salivating at the chance to get more cheap BTC!
I would not touch bitcoin and any other coin when we have steemit.
Because steem coin is the best.........
Upvoted and resteemed.
Thanks Greg.
I am the Great Cornholio! Would you like to see my portfolio? I have a portfolio in my bunghole, with my óleo!
If Bitcoin confirms double top it could drop below $12,000.00.
If that happens it automatically triggers head & shoulder pattern which would take us to $8,000.00.
Major drop is inevitable, crypto market needs to flush out all speculators. If there are more believers than speculators then crypto will hold $8,000.00 level otherwise prepare for crash.
Looks like head and shoulders:/
It is a head and shoulders. One that won't work tho... the measured move of what @marketreport shows in the post is approximately 7000 points. there is another H&S after the larger that should work tho. I however just posted on my blog this chart, http://tos.mx/lq1FTQ straight from my trading platform. I am not trying to drive attn to myself. Just don't want ya to think that this is a H&S pattern that will work :) Happy New Year!
Resteemed and Upvoted?
Thank you Robin Hood o Wall Street!
It is astonishing that the current currency is going down, how I saw your post, I miss you a lot, you have missed a lot of videos
Great post resteem sir...i also follow your information..thanks @marketreport
Resteemed an Upvoded Robin hood :)) graphic seems like risky...
What a head and shoulder pattern? FUD you! :)
upvote and resteem please check my feed
Looks like some head and shoulders to me, I also have no idea what I'm talking about....
Head and shoulders!
The head part does not have the volume. So it is technically not a full blown head and shoulders pattern. Still not a good sign.
Very good. You are correct the volume isn't right.
Clearly a H&S pattern.
Means nothing in crypto
I would not touch bitcoin when we have steemit.
Upvoted and resteemed.
Thanks Greg!
Upvote and resteem done .
thanks for your next blog.already resteem done sir
Definitely head & shoulders.
Much more downside to come.
Thanks for the chart.
Upvoted and resteemed!
Resteemed an Upvoded ?.. Thank you so much
resteemed bro !
Informative post..Resteemed and upvoted
You always upload nice and helpful post. and your website also so much helpful sir.... Resteem done.
Resteemed and upvote "The Robin Hood Of Wall Street." :))
You are perfeckt. Already Resteemed bro !
Thanks again, Gregory. Yeah, head & shoulder, like others are commenting. Thanks for the nice upvote, too. Up voted & Resteemed.
I wonder if Litecoin & Ethereum are doing the same?
Kinda looks like it's trying to shoot the finger byrd, too.
Great post man very informative and interesting...... upvote comment resteem done ✌✌✌
Upvoted and resteemed.
Thanks Greg.
I don't know what to think Greg, 30ish % corrections have been the norm with bitcoin. For me the long term it is probably going to be replaced by 'hashgraph', which looks far superior to the blockchain while giving us all the benefits it does without the need for miners or the vast resources to run the bitcoin blockchain. Upped and resteemed, thanks Greg.
the wheat and chaff always need to be separated. Within a Month the charts should show a more level continuation trench, the current one is unsustainable in my opinion, and would lead to Bitcoin being worth $32 Million USD by 2020 if the past 7 months trend didn't stop. It will stop for other reasons, and the FUD (which is palpable in mainstream media) will help pull the price down hopefully.
amazing postreally nice.many many tnx for share this post...
Re-steem.
Anyone, and i mean anyone, that knows anything about block chain technology would not touch BitCoin with a barge pole. There are some very exciting alt coin and currency aps being developed as we speak that will run on the hashgraph platform that will make the block chain and almost all of the existing cryptos look like old news and most probably render them valueless
We are on the same page here, hashgraph looks amazing.
Bull trap, return to "normal" then fear......
thanks for info... Bitcoin is still above 15500 $ in india
upvoted and resteemed..
Resteem and upvote done sir:)
Upvoted and resteemed.i also follow your information..thanks @marketreport
Thanks for shareing with us.
Upvote and resteem done .
upvoted and resteemed sir@marketreport
You have shown a great deal of how the current position of Bitcoin is rising and once it is going on stage, we use them to have a little problem thanks to sharing friends
A healthy correction. There will come a time were the inverse will show and will the CME be able to take credit for that as well??? I guarantee you that if the cme never announced the BTC futures we wouldn't have seen that large run up. The big boys were buying the physical Just in case the CME blew the top off of BTC, Its call hedging. So the big boys are covered both ways, Short the cme make $$ there in the short term because they just bought a pile of the BTC and ran up the price. Then after all the weak hands are out, never to return the will have the BTC and go long on the futures to kill it. Your thoughts???
Bitcoin now stabilized, upvote and resteemed done @marketreport
Fantastic post thank you for sharing this post
Restreemed this post
Upvoted and resteemed
Really nice & smart post....!!...I like it.👌
re-steem
Resteem/upvoted Thx Greg!
I got it with full steem and upvoted you also.
Very informative post boss,thanks for sharing,resteem and upvote done
Hello, I have found that I have a bitcoin as a result of very long researches. While waiting for the most suitable level to buy, 61000 TL sedan sedan seems to pass these levels in the first week of the year. I think that the new investor can be seen as a backward safe port for 1 week. I will arrive at the most convenient time in January 2018, these prices can not see bile in the dream.. @marketreport
Really a great post , upvote resteem done please check my profile.