RE: Daily: Total Market Bleedout / ICO Scams

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RE: Daily: Total Market Bleedout / ICO Scams

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budz82 (54)in #bitcoin • 7 years ago

I personally still expect to see BTC dip to close to the 8k level in the coming days (Jan 24-26 due to 5 year BTC crash pattern which happens 23-24 days prior to Chinese New Year annually this year landing on Jan 24-25 + the first CME short positions expiring on Jan 26). From here I expect a bounce back to above 10k levels fairly quickly forcing BTC into a 10-12k channel for the beginning of Feb, finally breaking out of this in mid Feb to just above the 14k mark which will act as a new bottom level of support going forward as BTC moves back towards record highs in March/April (~20k) and beyond in the months following (~40k in July/Aug). Interesting times!

7 years ago in #bitcoin by budz82 (54)

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decentralization (62) 7 years ago

I am all for that but I would prefer not to have to test 8K

$7.77

1 vote

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hungryhustle (67) 7 years ago

Thanks for the insight @budz82. Do think bitcoin is a great long term HODL like for next 2-3 years?
What other coins would you suggest for 2018?

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dandays (67) 7 years ago

EOS is my biggest gainer, ^1,000% across the board. Whoever gets ahold of some today will have a similar story this time next year.

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boxmining (72) 7 years ago

Whilst i think chinese new year is a big factor, I think its too easy to point fingers at it. :D

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budz82 (54) 7 years ago (edited)

The current dip has more to do with the CME shorts then anything to be honest (but the timing also overlaps the Chinese New Year cycle + a natural correction cycle). Lots of people manipulating the market for their own gains at the current time...

buy mass BTC in the 3 months leading up to the futures launch
cause a major spike to all time highs at the time of the future launch
sell a portion (~50%) of your BTC at the top (2-3x the value you bought in at) to recoup 50% or more of your investment while leaving you with the other half of your BTC position to be used later
short bitcoin when the CBOE futures launch
short bitcoin when the CME futures launch
just prior to your CBOE shorts expiring dump some of your remaining BTC to cause a waterfall dip
cash in on your CBOE future shorts due to this created dip
wait a week or so, just prior to your CME shorts expiring dump the rest of your BTC to cause another waterfall dip to an even lower level then before
cash in on your CME future shorts due to this 2nd created dip
use all the profit you made from your manipulation (selling at created top, profit from small CBOE short, profit from large CME short) and use that to buy many times more BTC then you original owned without the need for more capitol and watch BTC correct back to all time highs and beyond, while at the same time taking a long position on both futures markets going forward for the next wave of manipulation (upward this time).

I guess you can call it the "10 easy steps to 10x your money by manipulating BTC on multiple fronts".

Long story short, expect a dip to ~8k in a few days , and then expect the downward pressure on BTC price to suddenly stop (~14k feb, ~20k april, ~40k july/aug) as they ride the wave up with the same method only in reverse (with many times more value in play).

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2 votes

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