Bitcoin is showing what could be a head and shoulders reversal pattern - page 2.

ktabb

full member

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Merit: 103

Quote from: digaran on June 20, 2017, 10:48:32 AM

Quote from: brokedummy on June 20, 2017, 09:44:08 AM

yep I sold for gold/silver/fiat and ltc, see you guys at 1500 or less

Good, now we just need 500 more people like you to have a shaking hand and dump for the rest of us, 500 people each dumping 1K Bitcoins I believe that should do it, but what if instead of going down it starts to rise? I recall when people were causing chaos because price was $1250 and they couldn't buy any more, it went to $1500 then $1700 and when it hit $2000 I myself was begging for $1500-$1200.
One thing I've learned even price drops to $200 we'll be bitching around about how expensive it is and how we can't afford to buy any. lol

I don't own any btc, I trade stocks. When people start mass selling, prices don't rise.

fluidjax

hero member

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TA (technical analysis) is a self fulfilling prophecy, the more people believe that it is real and act, the more real it becomes.
It reminds me of that Amazon show 'American Gods', where the Gods only exist when people believe in them.

JimboToronto

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You're never too old to think young.

Looks more like a reverse head-and-shoulders to me:

alyssa85

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CryptoTalk.Org - Get Paid for every Post!

Here is OP's image:

And yes, it does look like a head and shoulders pattern - that means a drop down to about $1400?

digaran

copper member

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🖤😏

Quote from: brokedummy on June 20, 2017, 09:44:08 AM

yep I sold for gold/silver/fiat and ltc, see you guys at 1500 or less

Good, now we just need 500 more people like you to have a shaking hand and dump for the rest of us, 500 people each dumping 1K Bitcoins I believe that should do it, but what if instead of going down it starts to rise? I recall when people were causing chaos because price was $1250 and they couldn't buy any more, it went to $1500 then $1700 and when it hit $2000 I myself was begging for $1500-$1200.
One thing I've learned even price drops to $200 we'll be bitching around about how expensive it is and how we can't afford to buy any. lol

brokedummy

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yep I sold for gold/silver/fiat and ltc, see you guys at 1500 or less

ktabb

full member

Activity: 266

Merit: 103

https://twitter.com/demoinvestor/status/877163460961939456

What do you guys think? Bitcoin definitely seems overbought... is this an indication that the trend is turning bearish? Is buying interest diminishing? Looks like we may currently be near the peak of the right shoulder in a head and shoulders reversal pattern.

Topic: Bitcoin is showing what could be a head and shoulders reversal pattern - page 2. (Read 1594 times)