Quote from: CookieFactory on September 05, 2018, 08:57:45 PM

Not sure about that one. At this point its in vogue to be bearish and the 4-5K level is the mainstream view. The funny thing is the people who hold this viewpoint think they are being contrarian but are actually the majority.

lol no, look at the polls on the wall observers and just read the trollbox on bitmex, and look at how market react, there has been so much shorting opportunities because dumb money get excited at every $200 pump (for instance right now, if market was smart it would keep dumping, going up again is just a crazy good short opprtunity (right at the top of the middle bband))

mainstream news still has expert saying we go above ath before end of year, pantera capital and DCG said bottom was made at 6K. (lol at that, they shorted like crazy before the future introduction, created fake website and fake fork to exit LTC and XMR and ETC for USD)

I dont think you guys realize the amount of hedge funds there was playing this bubble and selling the coins to retail, they are here since ETH are at 1$ and xmr at 15$. This is an industry. They created a whole industry into taking money from the sheep hands. They have no pity. Their ressources are high. They even own the media for fuck sake. Coindesk belong to DCG. These guys are literally creating wall of text to hype the tops so they can exit their position

Right now they are manipulating bitcoin down on bitmex, look at the volume there, you think its retail? there are 3BN volume daily LOL ! they are just exhausting the market until retail has capitulated. Volatility is still high. Retail still buying the top of every rally. How do you know when they start to buy back? price starts to get boring, no volatility, tight bbands.

With all that they sold during the run up, do you think they had time to buy back? no! there is no volume! volume is actually dying. You think its retail that is going to bring btc to next ath? retail is broke, retail bought the top and is triyng to increase his btc stash by trading but losing quickly all of it. the smartest are hodling in cold storage but the smartest are always the fewest

I dont know much about the asian funds, but they may just be worse (tron is complete bs and was hyped like crazy; neo is a shitcoin that was scam rebranded after huge period of accumulation super cheap)

really i dont think you guys have ANY IDEA of how scammish this field is

and btw, 5200 is just the next fib level, my bottom prediction is more 2650

but anyway its quite simple, you dont even need to know the price of the next bottom, you just buy when bbands are tight on the weekly and price is flat and boring and nothing is happening