Topic: Globb0 BTC charts - page 2. (Read 6423 times)

here is my latest btcchart.


Lots of different resistances and supports.

still very comfortably above the old channel

If it prints that way, it's not a shooting star but rather a spinning top doji. That is not necessarily a reversal indicator, it just indicates indecision. If you look over the daily chart the past few months, there are plenty of candles like this that were followed by more upside. Plus, single candle patterns aren't always that reliable. 2 or 3 candle (confirmed) patterns are ideal.

After that 10% candle yesterday, I'm anticipating something like late July into August 1st: a short term consolidation and another try at the highs. I suspect yesterday was the biggest fireworks we'll see for a while though.

Don't think so, probably just refueling for BTC's next leg up, whilst day traders appreciate the joys of getting rekt.

Profit taking and the 15k price area is near to a ledge just down from the ATH, probably still a point of hesitation.     Also if the election was somehow some incentive for buying or market moves, dollar falling etc then that story is coming to an end with a likely result known.   Dollar is within its range which I presume means it can just repeat its game like a game of squash its naturally within a box of movement, BTC has outperformed this ratio anyhow but its relevant.



Dont know we broke a trend that goes all the way back to ATH but it appeared that way by accident (I was just connecting recent highs not looking that far back initially) and we did just rise a heck of alot.   I cut off the lower prices as its not relevant for the moment, most just wonder how far this run goes for.


Funny this can help the alt coins appreciate.

Updated the chart. We are still healthily above the channel we were in, but are there a few warning signs here?

I want to wait and see how the daily closes, right now it would be a potential reverse indicator, shooting star thingy?





Alts had a blip of green today, first signs of some money flowing back out from daddy BTC?

I don't know about that.  Sure, I am a bit more averse to down predictions than UP predictions, and I am a bit hostile towards placing too high of probabilities on any calls, either direction.. so there is that angle too...

I think that I am more than fair to attempting to follow your analysis and even to give some benefit of the doubt along the way, too.

Furthermore, I believe that largely I tend to give valid reasons for my ongoing posts on the topic, including my giving you push back about some of your bearish tendencies... which is that some no coiners and/or fence sitters are persuaded by such nonsense in that they might fail to adequately prepare for UPpity because they are too busy trying to get a better BTC price, that may well not end up happening.

So, this is not about uie pooie, exstasie, but instead about peeps that might give more credit to your predictions than they deserve... when they are likely to be way the hell safer to make sure that they are adequately prepared for UPpity before they start trying to time the market with hopes of a few more percentages down, here and there along the way.


We agree on that part.


Some supposed long term bulls can be quite full of shit, sometimes..... .. with the "I'm long-term bullish but short-term bearish," bullshit.


Sure, there is that angle, as well.

Many of us invest into bitcoin in order to get excited when it goes up in price.

NOT sure why anyone should not be willing to engage in some celebrations in that UPpity direction, when it happens...

I am surely NOT the kind of person who takes UPpity for granted, but I sure experience a certain amount of pleasures (and tinglies) from witnessing some bears, or sideways/down betters getting reckt along our way UPpity.  That brings me some satisfaction to witness bears, fence-sitters, bitcoin naysayers, alt coin pumpeners and no coiners running after the train after they have gotten reckt from failing and refusing to adequately pee pare their lil selfies for UPpity... (of course, I don't get those kinds of gloating satisfactions for the more innocent newbie types who get mislead into waiting for down and failing to pee pare for UPpity).

That's only a good sportsmanship haha, you have to gloat a bit here and there, even if you are not fair with it sometimes  We all do it After all I'm happy whenever @JayJuanGee can gloat, means BTC is going up, so good for all of us! 

Classic JayJuanGee......when the price goes down, you never give any credit to the analysts on the short side. When the opposite happens, you gloat.

I've said for months that the $9,000s might be all we get. And honestly, anyone who is dumb enough to blindly follow an isolated post on a forum deserves to lose their cash, or their coins. Technical analysis only implies probabilities, never anything definitive.

We're all long term bulls here. Sometimes you seem to forget that.

That sideways hedge (just in case not down) didn't age too well...   

did it?

 


Hopefully, some innocent peeps did not fail to buy enough BTC... in order to prepare their lil selfies for UPpity.... or sell too many BTC too soon under a believe that they might be able to get more coyns upon down (or alternatively sideways, which seemed NOT to quite happen as expected)...

We could always get a sharp correction down to the golden Fib (61.8%). That's in the low $7,000s.

Filling that CME gap and stopping in the $9,000s sounds a whole lot better, doesn't it?

I thought myself earlier the WO is like a ghost town. There’s just nothing much happening atm, people are probably just being voyeurs. I still think we’ll end the year strongly but for now, just not much worth posting about I guess.

Insert Samuel L Jackson meme....

Say CME gap one more time motha****** 

People get antsy when they were expecting moon and then we range for a week instead.

I'm not particularly bearish. As I've said, I'm leaning more towards sideways then towards a significant price correction. The $9,000s are easily within reach though. I still think that pesky CME gap around $9,600 is going to end up filled.

Yeah I have just sketched out my feeling of each trend lines behavior on the recent visible action, EOY is really very close now, I don't know we will leave this range yet?



Perhaps a little profit taking here, then we will see if you are right.

True we were previously range bound for a while at a slight lower level.

The market usually does what we don’t expect so in all honesty I think we’re due a significant pump before the year closes. None of this is from TA, just some of my thoughts & feelings.

There is some disquiet in the wall observers thread.

People are running and screaming from red dildos.

Thought it was worth a chart check up.

Honestly, doesn't look that bad nicely still up in the "forever" range.

Not a bear call, more of a sideways call. As you know, I've been speculating about a long term triangle for many months now. Still looking good: https://bitcointalksearch.org/topic/m.55282472

This wasn't a bear call either:


Just calling them like I see them. Will reassess if BTC is holding in the $12,000s again.

That b called koreck, to me.

No need to wait months, even though don't rule any lil tinglie out, either.

Frequently, we get these bear calls - but for some reason the BTC price keeps going up, and hopefully NOT too many newbies get tricked out of scenarios that involve waiting to buy coins at a lower price that might not happen...


But hey, their FOMO tears do help to fuel later irrational UPpity.  Doesn't really hurt the HODLers - even though I have seen a lot of no coiners, precoiners, fence sitters and waiting for DOWNitiers, failing to act... and pee pare for UP.

Months...?? Let us moon instead please THX
 

Confirmed, but it is quite zoomed in, I expect some profit taking is possible here.