Topic: Globb0 BTC charts (Read 6684 times)

Still a way to go before breaking support. Expecting a tail down but it wont breach. hopefully.

Well..... thanks for gracing us back with your presence and your squiggly lines, Globb0.

Have you personally been doing anything with your own BTC portfolio management in the last 4 months or so?

You likely know what I have been doing, no?

Sold up to the $60k and then started buying back in the mid $50ks all the way back down to these here lower $30k parts and sold a little and bought a little more in the intermittent ups and downs... so yeah, the BIG question in recent times (and perhaps especially in the past 12-24 hours) does seem to be whether the BTC price might be able to erode enough of the buy support to cause the BTC price to cascade down even further.

How many times have we been visiting these lower $30ks?  This might be 3 or 4 times now, and personally, I am not going to proclaim any kind of solidness in terms of believing that buy support in the lower $30ks is going to be broken.. because remember $6k in 2018.. Jesus.. we had 6 times or more revisiting $6k before it ended up breaking.. but that was a bit of a different set-up too in terms of both the extent of the blow off top up to $19,666 and also the fact that when we were bouncing around in terms of testing support at $6k we were over 5x above the previous ATH of $1,163.

In this case, we are only a little more than 50% above the previous ATH of $19,666 - and surely, none of the surrounding factors matter a whole hell of a lot in terms of saying that our current support in the lower $30ks will break or not, even if it could lend some considerations regarding how likely it is that our current support will end up breaking.. or when, if at all.

Here is a look at a H+S that has been suggested. (red)

I offer the green version, more weight to a reversal signal somewhere here I think.

Hello my pretties. Bit of a chart refresh for you.

Well down into the support now, This chart is a long term view at 1d candles. As it gets to the bottom of the yellow zone it can spring back where the price becomes attractive to someone.

The danger I drew on is closing under the yellow. That's a bad sign.

Oh yeah I think a lot of people are hanging on a reversal signal.  Then we might se a sudden shift. Heard stuff.

Looking at something a bit different to the usual support resistance.

Is this a cup pattern forming? there is a nice looking bowl shape forming.

Not much volume action for a few days.

As we saw there was a bounce and a bounce.

Now we havent broken this support yet.

Here is a chart refresh. We bounced in the resistance and support. Seen before a bit lower level. a bit of chopping along.

Superhot RSI is cooled a bit.

Leftfield: what would "they" want us to think. Could be a dip to come?

Hey, even though I have a tendency to downplay how much certainty to place in certain kinds of charts in regards to at what point in time this particular asset class (bitcoin) might be due for a correction, to me, this seems to be a kind of demonstration for the need to make sure that the idea of immature asset class, world-paradigm changing asset class and exponential s-curve adoption should have been being considered in terms of looking at any charts.

Sure, at some point a correction is going to come.. whether it is "significant" or not or whether it brings BTC prices back down to certain previous resistance levels remains another story... but sure this BTC price performance does not really seem to be out of line with the early rather than late 2017 pattern.. even if we did seem to have a few more cooling off periods in early 2017 - and suppose that the longer that this current UPpity continues to go on, maybe the more we will start to need to consider this to have higher odds of playing out like a 2013 kind of double peak pattern rather than a 2017 single peak pattern... which you, exstasie, have acknowledged such a potential way of this period playing out this time around... because many of us likely realize that there are limits, its just a matter of attempting to figure out when there is no longer enough buying support to continue to push the price UP and thereafter to cause a bit of a trend in the other direction that can be taken advantage of for anyone who is ready, willing and able to thereafter push the price down once it starts to go in that direction.

Not a bad theory, someone mentioned this to me months ago and said this cant be the top as google shows no common interest from the public peaking yet and I thought well that doesnt mean they will but I guess I know what he meant now as its certainly making waves and I see BTC on the front page of international press.   It did see this in previous booms, '17 and 2013 they had a long section on the news close to the end of the year.

Turn on log. It looks at least slightly more reasonable.

Looking at the curve of the weekly candlesticks, it's definitely getting 2017-like, but still more reminiscent of early 2017 to me. Lots of 5-10% daily candles. In the later blow-off top stage, we should be seeing 20-25% candles.


Yep, the only useful TA right now is when/where to buy the dip, if it happens. There's no point calling tops or anything like that. There's no lid on this market.

Damn ... i think that we are at a level of bubble that price chart is no longer a correct chart to look at:

Thil bull run looks so extreme. Its first time in my life to surf on such a wave. I don't think that any TA will work here. Pure emotional trading with lambo in front of investors eyes. Thats what drive price now.
I think its time to switch charts to google trends



And wait for new ATH there.

Further from my last chart.

The retest was confirmed and now its ripping off. Breaking its own daily resistance for consecutive days.


RSI looking red hot though!

Here is a new daily candle chart.

The old levels are left way behind and now discounted.

RSI was too damn high! its come down a bit now. And looking back a bit we can see it can survive here ok if it wants to.

New huge support area!

Happy new year and all is well.

No charts for a while. Now with the buzz there are a lot flying around.

So I bring you something different.


1 week long candles! just look at the positivity in this chart. ZOMG almost no reds.

There thanks

Just a bit of recoiling this past week.

A refresh of the chart shows us in a channel for now.

Not much to report

Here is a chart for today, nobody is dead after the horrible week and thanksgiving drop.

The thing Im most interested in at the moment is what will the volume do.

It could take us either way. Still retesting and busting looks good

Hey folks crappy thanksgiving day in the BTC world  but had fun and im older now too. 


I thought a daily chart might be in order lets try to see good case lesser good case lol (bad case might be go though the bottom resistance I suppose

Thanks Ill have a look into OBV

Here is the hourly chart, its face melting stuff at the moment, I left the retest on there from the bigger daily chart I made.

In this scale we are looking nice for another little squirt.

But of course now the weekend is here!

I hope you are right, I thought I was about to be hard checked out of the market with like a wild pin on the daily candle down to 16k before it resumed upwards without my trade.   So far its been good, I dont use RSI I use OBV which tries to adjust better for volume on down days also I think and even though its still very high.    Its a relatively stable upwards price for quite a while now, price action is not often this nice to people.
  Someone said if it runs like this into Thanksgiving holiday then it will more likely sell properly at this point because the long main market close should be seeing a drop off I guess is their reasoning.   If the buying is from funds with a medium term outlook then its different to that.  Its different this time would be a red flag for sure lol 

Things are moving fast in just a week.

It is looking like it just stepped up again.

These are dailies to silence the noise, retested and confirmed.



Also note the long time with mad high RSI's