he'll buy back once price has been flat and boring for a while like all smart money. i'm sure he'll come tell us that once that happens. he did say it in 2015.

i'm betting market will turn bullish end 2019, until then unfortunately its what he says... you're jut buying a falling knife hoping the entity controlling the price turns the engine back up.

only way to make money in this market is to treat it as a scam market. its a sad state of affairs, but it is as it is.

@roach, whats your bet on GS next move on crypto? do you think they exit? do they pump ETH again? I'm betting on ZCASH for the biggest gains if we ever have a bull run again. Its barely touched, not many people that can dump on them, entirely controlled, completely scammy but with good and clean marketing image. Seems like a perfect tool to me.

Wallstreet and MSM works hand in hand, ETH was hugely bought by hedge fund guys in order to increase their BTC stash since they had missed the opportunity to buy it in the early days. It's actually the sole reason of existence of ETH. It only exists because the funders and the backers didnt have as much BTC as they wish they had.

So what do you do when you have 10s of millions of USD invested in eth at 1$ ish? You have to hype it a lot in order to create demand and unload your supply. I really think the whole purpose of newspaper these days is that : create demand.

Now you've unload your stash at the top of the bubble, and you want to load up again for next cycle? You need to create offer so the persons you sold to give up and sell

Thats the whole game.

Prepare yourself in the next few months for new articles about the death of bitcoin and know these are paid articles sponsored by whales so they can create offer and load up!

EDIT: and thats also the reason why we havent seen bottom yet. All these analysts and billionaire investors are still pretending to be bullish to lure the public away. They want them to buy the 6K zone now. This zone is gonna be a huge resistance in the coming years.

EDIT2: BCH right now is in a funny situation. Most of the supply is owned by Bitmain and its partners. They tried to pull a similar game than ETH. But they got rekt because bear market. They control bitcoin.com so it can help them eventually to unload to noobs, but they have to survive the coming years first, hence their IPO

im with you guys, gonna be fun when this Yale Fund is 50% under water in the next few months

We'll see then if they have enough understanding of bitcoin to be true holders.

Oh and its a crypto fund, they gonna be literally rekt when their ETH plummets under 100$

Classic bitcoin right now, always worst case scenario happening, its like the coin is thinking, How can I know who truly loves me? How can I know who's only with me for money? so right now scenario is faking a bottom close to 6k to trap most of the speculators before this support becomes a huge resistance and we find bottom way down from here

Bitcoin is very jealous, he only wants the best and strongest and most loyal holders; bitcoin wants someone that truly understand him; bitcoin is testing your loyalty every time; if you like bitcoin you stay with him for life and you love him whatever he does even if he plunges!

BE LOYAL
BE LOVING
BE HERE FOR HIM

Have you guys watched latest Tone Videos? He's very peculiar about all of it but predicts 5000 and maybe 1300

https://www.youtube.com/watch?v=gS1JQWtGaiM

is this it?

6920 then 5200 then 6500 then capitulation around 3K in january 2019

its obvious the sentiment is overly positive... look at the polls on the wall observer thread, last time i checked (before the dump from 7300) 90% expected us to go up, only 10% expected us to see us under 7K. And look at the amount of hate OP receive, he's constantly aggressed because most posters here have no idea how to trade waves and think price is the most important aspect. Traders don't give a fuck about prices ! They are buying or selling a trend.

Anyway, when the admirers come and this thread is flood of people saying, WOW nice ! WOW I wish I had find that post earlier ! WOW you had the whole trend correct ! Well this will be an indicator that market sentiment is sensing. But for now, this thread receives no attention whatsoever whereas its the best one of the whole forum.

See you at 5Kish OP !

he's not correcting he's adjusting, he got the trend right and the global waves thats what counts, who care about exact prices, thats not how u trade anyway

wasnt on bitcointalk so doesnt count sry

true and thats why his views are far off from the mainstream views, once they'll be accepted and the author will be acclaimed new master (after the demise of previous jedi masterluc) then we'll be able to consider them to be mainstream

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

+1 and all the hedge funds who unloaded during the bubble and made a killing trading shitcoins haven't rebought yet, they are the one who pushed the masses to buy the top, and their coins are in the hands of retails investors now, bitcoin need a purge so strong hands get their coins back

a hodler is a real hodler only when he's a hodler among real hodlers and right now real hodlers aren't hodling

nice call wave man, i think we go to 5200, all they need now is to time well the rejection of the ETF for us to go down big

what i wonder is what happens next, there is the BAKKT exchange and I assume it will be a sell the news moment and i'll treat it that way, but where will be resistance? In 2014-2015, there was 382 400 and 332 that were support for a long time, once we break it they became resistance, after bottom we couldnt even break 300-313 for nearly 11 months

now we have 6450 5750 5876, these will become resistances once we break it

if we stop at 5200 that doesnt give much of a bounce to be honest so doubt it will be the bottom, maybe we'll stop them because traders have to cover their short and 30% swing with leverage is good profit and its been whats been done so far

well, we'll see

and poor eth holders, this is going to be messy for them, please wave man share us a picture of their future chart !

EDIT: the fact this thread never stays long on page 1 is also an indicator; its like secret hidden knowledge the whales in control of the market dont want the masses to know; same happened to the beti thread during the run up, it was very hard to see it because rarely on the first page.

one of my favorite movie too too few people know about it !

Pi

https://www.imdb.com/title/tt0138704/?ref_=nv_sr_5

We'll know soon if this was the bitcoin thread to follow or to ignore =)

either we reverse and go bull from here, either we go to 5200, but either way a big move is in preparation, place your bets gentlemen !!!

its like all the old jedi masters are rekt by current market behaviour

tzupy calls arent what they used to be

masterluc last post was bullish and happened at the top of the wave

who will be our next jedi teacher?

better become your own

well right now your chart are rekt

i thought E was supposed to be the last wave ?

you're one of my favorite poster here, and yeah i hadnt noticed that

its like the top came when we were closing on $1 trillion for total crypto marketcap