Listen to the counter trend expert.

Bitcoin dumped, bears took a little break, consolidation, then trend continuation.
Maybe it will bounce a bit right now, as people get baited as usual. But going higher than 5000 is very unlikely. Even 4500 is meh nah.
People are starting to realise they got scammed by an obvious ponzi.
Did a child say “the emperor is naked?”, once a child says the obvious it propagates like fire.

"Do not get baited by the bullish divergence :)" by trader MrRenev — published December 06, 2018 — TradingView

The us stock market went up and that doesn’t stop this ponzi from going down.

Ohwww gawd down 5% while I type this ok I’ll post and update later.

Imagine if us indices did NOT go up 700 points ? xd

TFW it is such a big scam it crashes faster than you can type it.

Bitcoin is hanging on 3400$ (3400!) by its little pinky. It was “impossible that 6000$ breaks” just a couple of weeks ago LOL.

Will get interested when we panic flash dump below 2000$. Can happen pretty fast so brace yourselves. Be ready.

Remember…

"Do not get baited by the bullish divergence :)" by trader MrRenev — published December 06, 2018 — TradingView

* Using Kraken? Have orders ready much lower in case of a flash crash (like $1000 $500 $100 etc).

Comment:
Let me tell you about some really awesome hot crypto projects.
EOS has the potential to be the next big platform. With a market cap similar to ETH 100 billion us dollar considering the number of coins, ooh wait.
Bitshares is totally not an obvious scam. Looks awesome and its name is not intentionally misleading at all. They are working on some really cool revolutionary tech and have an all new concept … Oooh wait.

It’s ok thought, the bottom is soon going to get hit. No joke.
Just like petsfood.com bottom got hit quickly in 2000 just like 90% of IPO’s 😉

"Do not get baited by the bullish divergence :)" by trader MrRenev — published December 06, 2018 — TradingView

Comment:
Think crypto is dead? Well LedgerX just launched a mobile app for OTC Bitcoin and BTC Options trading. Institutions have been waiting for this, as tutes don’t trade size unless they can do it on iOS while sitting on the john.

– @SuperMugatu

I hope every one is enjoying the show. Beautiful fireworks. Do not pause now please, more! more! more!

Comment:
There is a brainlet that somehow got his hands on more money that he should ever be allowed to handle, probably a hedge fund marketter that convinced ignorant people to let him manage their money, he went long 8 MM on ETH, and then kept adding to his loser to push liquidation price down (hahaha). He is 1$ away now 😉

Actually there are many accounts like this, but cannot bother checking.
Just brace yourselves for the rekt bots to spam us with messages of large liquidations.

Add Bitmain to this…

It is going to be so violent. There’s probably billions of dollars ready to sell, bagH0DLers that will “never sell” really think a bunch of them with $2500 portfolios are going to stop this? Funny.

I hope it happens soon I am all hyped up :p

Comment:
“We will go up because shorts are at ath”
Actually made a bullish ascending triangle.

"Do not get baited by the bullish divergence :)" by trader MrRenev — published December 06, 2018 — TradingView

I am not short because I prefer to focus on my one and only strategy of counter trading and I can’t be bothered waiting 2 months if tether gets printed to pump the price to save it from falling below 3K plus I already have enough exposure as is I went long on a german company yesterday.

But If Bitcoin goes to $1500 ish, I think it should bounce and I will long here. Will update when I do.

Now that crypto made new lows I am hyped and I do not want to wait 🙁
Let the show go on. Please.

As for the whole marketcap it is down 50% from 30 days ago once again, and it is retesting/losing this trendline again.
Maybe large bagholders are waiting for the daily candle to close? Or weekly? What?

Once whatever they look at closes, or if we fall too hard next hours, then I think flash crash 50% once again.

"Do not get baited by the bullish divergence :)" by trader MrRenev — published December 06, 2018 — TradingView

Comment:
I think this christmas will be a merry one for people in crypto.

"Do not get baited by the bullish divergence :)" by trader MrRenev — published December 06, 2018 — TradingView

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