Topic: Globb0 BTC charts - page 10. (Read 6412 times)
On February, an ebbing stream. Right now, a coiling snake. It's "safer" to buy the small dips, than miss and regret an opportunity. Safer for your mental health.
Stuck here
Ebbing stream? or coiling snake?
Little clues
Ebbing stream? or coiling snake?
Little clues
Was ready to say, ah finally, we're going somewhere, when the 9k floor broke but seems like yet again, neither side of the market wanted to put a strong foot forward, so the dip-buying brings us right back to this deadzone you're talking about.
Yep, endless ranging.
$8,600 is still the line in the sand in my eyes. Breaking below that will be a structural lower low on the weekly and monthly time frames. Lots of stops are waiting to be run below there.
We're coiling for a huge breakout, whichever direction it is. The daily bands are as tight as October 2019 or January 2020. It's time to pay attention, as John Bollinger (of Bollinger Bands fame) likes to say.
Quote
Down dropt the breeze, the sails dropt down,
'Twas sad as sad could be;
And we did speak only to break
The silence of the sea!
All in a hot and copper sky,
The bloody Sun, at noon,
Right up above the mast did stand,
No bigger than the Moon.
Day after day, day after day,
We stuck, nor breath nor motion;
As idle as a painted ship
Upon a painted ocean.
Water, water, every where,
And all the boards did shrink;
Water, water, every where,
Nor any drop to drink.
'Twas sad as sad could be;
And we did speak only to break
The silence of the sea!
All in a hot and copper sky,
The bloody Sun, at noon,
Right up above the mast did stand,
No bigger than the Moon.
Day after day, day after day,
We stuck, nor breath nor motion;
As idle as a painted ship
Upon a painted ocean.
Water, water, every where,
And all the boards did shrink;
Water, water, every where,
Nor any drop to drink.
Was ready to say, ah finally, we're going somewhere, when the 9k floor broke but seems like yet again, neither side of the market wanted to put a strong foot forward, so the dip-buying brings us right back to this deadzone you're talking about.
What do the salty sailors do when stuck in the doldrums? Ration out the food and spyglass on the horizons for them seagulls.
What do the salty sailors do when stuck in the doldrums? Ration out the food and spyglass on the horizons for them seagulls.
Well see what I mean, we went nowhere really, we are stuck in the dead range
Grind out a floor and lets build from there
Grind out a floor and lets build from there
Exactly I pooped nothing. But I did notice we are stuck in a range we have all discussed is irrelevant.
Waiting to see where we go.
Waiting to see where we go.
Frustrating atm my friend, feels like we’ve been trading in this range for ages. I really expected us to be clear of $10,000 by now if I’m honest. I’m really hoping/expecting us to be over $13,000 by New Year but who knows what’s going to happen due to the economic fall out from this virus.
I don’t know where we’re headed in the short term but I still think it’s very likely to leave 2020 at $13,000 or more. The full effects of the halving aren’t showing yet, we should know more by the end of August perhaps.
Exactly I pooped nothing. But I did notice we are stuck in a range we have all discussed is irrelevant.
Waiting to see where we go.
Waiting to see where we go.
It looks like the questions have been answered today, the market have shifted to a short term bearish trend. We have lost the momentum and obviously rejected another run to $10k.
I'm looking at $8600-$800, why? this price seems to align to our weekly support line and the 200 day MA.
Exactly I pooped nothing. But I did notice we are stuck in a range we have all discussed is irrelevant.
Waiting to see where we go.
Waiting to see where we go.
I did not realize that you were such a party poop, Globb0?
I thought that you were more funzies than that.
Letting squiggly lines and bars on graphs ruinin dee moo? 
Personally, I think that we are too close to $10k to be even close to be giving up on it.
I thought that you were more funzies than that.
Letting squiggly lines and bars on graphs ruinin dee moo? Personally, I think that we are too close to $10k to be even close to be giving up on it.
I'm not giving up on $10K until the range is officially broken. Structural low at $8,630. Break that down and we should get a sustained daily BB breakout, drop below the weekly BB basis, etc. for confirmation of a downtrend.
However given the bearish engulfing candle on the daily, the correlated drop with stocks, and this surge in stock index volatility, my 60/40 bullish bias is back down to 50/50 at best:
https://bitcointalksearch.org/topic/m.54608759
https://bitcointalksearch.org/topic/m.54608815
We can say goodbye to my nice fun up to 10k trendline. Awesome thanks for the taste of over 10k on the daily close.
Now we are stuck in our boring channel. Lets hope not too much cold feet happens.
Now we are stuck in our boring channel. Lets hope not too much cold feet happens.
I did not realize that you were such a party poop, Globb0?
I thought that you were more funzies than that.
Letting squiggly lines and bars on graphs ruinin dee moo? Personally, I think that we are too close to $10k to be even close to be giving up on it.
We know how these break throughs go... sometimes they may take several efforts before they break... so I am not giving up, yet.
Hey we are not even out of the "Don't get too excited range" that i had mentioned a month or more ago... which I think likely continues to apply... and that is the $7,800 to $10,200 range...
In essence, we have largely been hovering within the top of that range without any kind of meaningful break through... except maybe a temporary break up to $10,400-ish.. but other than that largely staying in the $9ks, and personally, I am not getting the feeling of any kind of meaningful need to move my "don't get too excited range of $7,800 to $10,200.. unless maybe I move that bottom number up a little to $8,300 or so? but maybe i could move the top number up to $10,500, too, in order to synchronize with a common number that I have heard other peeps throwing around, and I don't mind a little bit of coordinating or synchronizing, if it makes some senses in the whole scheme of things.
Other than that why get excited? Merely because our cork popping festivities might have gotten a little wee bit delayed, but we should be used to experiencing some delayed cork-poppenings, especially in bitcoinlandia.
We can say goodbye to my nice fun up to 10k trendline. Awesome thanks for the taste of over 10k on the daily close.
Now we are stuck in our boring channel. Lets hope not too much cold feet happens.
Now we are stuck in our boring channel. Lets hope not too much cold feet happens.
Well I drew everything nice and fresh. And nothing much to see here for the last few dailly's.
Here the hourly, and the flag pattern. But heed the suspicious volume spike
indeed, volume spike could be trigger to price rise, because of low selling pressure, but similar action triggered bullish market last year, seems that people do not want to sell on these levels, and that should influence price to go up, we will see in near future
Yay I was right, and we closed above the resistance.
Snake strikes at flagpole
If that flagpole pattern happens it could be going to nearly 11k
Will people have their phycological cash outs ready though? or have they been cleared out
Here the hourly, and the flag pattern. But heed the suspicious volume spike
Looks like resistance became support for now
Snake strikes at flagpole
If that flagpole pattern happens it could be going to nearly 11k
Will people have their phycological cash outs ready though? or have they been cleared out
Here the hourly, and the flag pattern. But heed the suspicious volume spike
Looks like resistance became support for now
Yet again a daily candle closed back above the magic line. It really seems to want to gt back up there.
The 10k dream still feels alive for this line. Though there is obvious resistance coming.
A coiling snake may strike
Hourly looks boring but there is an interesting gradual steps upward pattern. Stairway to heaven? or stand by for the manipulator dump again? 10k must be a "take the money" level for some people who are deciding things ages ago to not be emotional about it. Their coins will eventually get hoovered up.
Baby climbing stairs
The 10k dream still feels alive for this line. Though there is obvious resistance coming.
A coiling snake may strike
Hourly looks boring but there is an interesting gradual steps upward pattern. Stairway to heaven? or stand by for the manipulator dump again? 10k must be a "take the money" level for some people who are deciding things ages ago to not be emotional about it. Their coins will eventually get hoovered up.
Baby climbing stairs
Here's the chart. Good thing the yesterday daily closed back over my magic line.
Lets see how it does today.
Next of course its the WEAK end
Thank you
Lets see how it does today.
Next of course its the WEAK end
Thank you
Well we have broken through my magic line.
But still well within the range, above support below resistance.
RSI turning upward, puuuuuushhshhhhhhh!
But still well within the range, above support below resistance.
RSI turning upward, puuuuuushhshhhhhhh!
@exstasie: max trolling indeed. Was half tempted late Friday to unload some required sells early but we're in a $200 range in the past 24 hours, so it looks like I didn't have to worry after all.
The next 3 4-hrs actually will dump away bits of those lows too, definitely an Eid nail biter.
The next 3 4-hrs actually will dump away bits of those lows too, definitely an Eid nail biter.
@ecstasie: think the bulls will bite on Friday or allow teethy bears to chomp down for the weekend?
Boring sideways it is. This is maximum trolling, barely holding the bullish trend line from the $6,000s and smack in the middle of the 4-hour BBs:
A break of that trend line and new 4 hour lows and I will flip bearish.
For now, the higher time frame trends remain bullish, so bulls have the upper hand in terms of price action. At the same time, bears are not shorting (not many shorts to squeeze) and 4-hour OBV divergences suggest strong selling pressure in this range.
Truly a nail biter......
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