Bye Bye, Bitcoin.

A DEATH CYPHER (Bearish Gartley) formation has appeared. There is nothing Bitcoin can do about it, and it's going to it down to hell. But don't panic, if you're invested in Alt-coins, like Ethereum, Litecoin, Ripple, BitShares and Stellar, there is nothing to worry about. If you are not, good luck. You may need it. This baby is going to hell faster than you can imagine. It will come back, as it always does, but this time BTC will have real competitors from other Blockchains, something I actually consider to be good.

TP: 825 USD at least, although it could go lower.

If you want to know the run-up setup for getting to this DEATH CYPHER, please check out my other post. I thought we were going to heaven, but then I saw a FIB DAEMON who changed my mind. I got out before this bull trap popped. Maybe not at the top, but I know I won't be at a loss.

Good luck!

Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and a search engine! I will be posting updates as I have been doing in my previous posts. If you earn good profits, please donate some to keep me motivated! You can find more info at my signature.

تم فتح الصفقة:

Pivot line confirmed. We're going down now.

Bear flag. Seems ready to keep dumping!

تم فتح الصفقة:

To be more precise:

تم فتح الصفقة:

It could actually be a Head & Shoulders formation.

تم فتح الصفقة:

تم فتح الصفقة:

Bitcoin about to dump!

تم فتح الصفقة:

Didn't dump, but this is a better setup:

تم فتح الصفقة:

Final update about this chart:

Reasons why Bitcoin is about to go down BIG time.

- Three bearish cyphers in fractal positions.
- 222 bars for this pattern to go. Middle of the pattern is 111 as you can see in the chart. The middle is also where the FIB bottom is located at.
- We just touched the upper historic resistance.
- Chaplin Cypher feels sorry for all the noobs who keep thinking we're going up.

Good luck!

تم فتح الصفقة:

Added some FIB circles to the first two fractals.

تم فتح الصفقة:

Oh no! A stick Illuminati figure has appeared! Poor Bitcoin!

تم فتح الصفقة:

Oh no! Bitcoin bulls are getting hammered big time!

Poor Bitcoin!

تم فتح الصفقة:

Ouch! It's getting pounded hard. Damn!

تم فتح الصفقة:

They just went super sayan!

تم فتح الصفقة:

Bearish cypher is winning, and he likes it.

تم فتح الصفقة:

تم فتح الصفقة:

Hmmm... this is starting to look more and more familiar... the colours... the star... who could it be?

تم فتح الصفقة:

Check out the numbers for clues. 444 - 888. Sounds like the far east. Asia...

تم فتح الصفقة:

Warmer...

تم فتح الصفقة:

Oh so BTC is trying to go up? This guys have brought some reinforcements.

تم فتح الصفقة:

Communist jets are approaching:

تم فتح الصفقة:

Communist fighter jets have started to bomb Bitcoin! NO!

تم فتح الصفقة:

Bombs are approaching its target:

تم فتح الصفقة:

Communist bombs are about to hit the target!

تم فتح الصفقة:

Bombs hit the target... Bitcoin seems to be fine though...

تم فتح الصفقة:

Seems like Bitcoin is weakening. Some Litecoin fighter jets are now hovering it. What's the plan now?

تم فتح الصفقة:

Litecoin fighter jets are starting to drop SegWit bombs on Bitcoin.

تم فتح الصفقة:

SegWit bombs are about to hit their target

تم فتح الصفقة:

تم فتح الصفقة:

Target hit

تم فتح الصفقة:

It's super effective!

تم فتح الصفقة:

Oh, bulls want a new attempt! How cute!

تم فتح الصفقة:

Too many red dojis. The end is near.

تم فتح الصفقة:

Seems like those SegWit bombs really had an impact on Bitcoin.

تم فتح الصفقة:

The monster has one last chance against Bitcoin. The BFX missile is getting ready to launch:

تعليق:

Set.

تم فتح الصفقة:

Launch.

تم فتح الصفقة:

تم فتح الصفقة:

A critical hit! It's super effective!

تم فتح الصفقة:

Now that Bitcoin is going down, the monster has laid a very nice rainbow carpet for it.

تم فتح الصفقة:

Added more FIB dimensions.

The monster also became Bitdel Castro.

تم فتح الصفقة:

تم فتح الصفقة:

تم فتح الصفقة:

Relájate and enjoy the ride down my friend.

First target seems to be at 1100.

تم فتح الصفقة:

He seems to be getting ready.

تم فتح الصفقة:

Bitel is just waiting for the collapse. Not much going on though.

تم فتح الصفقة:

Zooming in, Bitcoin likes riding the rollercoaster, but it looks like this trip is about to take it to a lower level...

تم فتح الصفقة:

That's what I call a DUMP. Bitcoin is just continuing with the ride!

تم فتح الصفقة:

Let the geometrical rollercoaster continue.

تم فتح الصفقة:

Possible contracting pennant formation on BTC.

تم فتح الصفقة:

A dragon has kidnapped Bitcoin. Will it take it to a safe place or just dump it?

تم فتح الصفقة:

تم فتح الصفقة:

تم فتح الصفقة:

تم فتح الصفقة:

Bitagon.

تم فتح الصفقة:

Bitagon, where will you take Bitcoin now?

تم فتح الصفقة:

تم فتح الصفقة:

تعليق:

There is an ascending channel that could break down at any moment.

تم فتح الصفقة:

This trade will continue in the following threads:

Animated version:

Technical Analysis: