Monthly MACD has crossed!
Guys today I bring you great news! I have finally figured out why everyone is so bullish! Now I see what is going on and I have made the hard decision to jump on the band wagon! Ok so here it is,
1. Bitcoin is currently in a HUGE falling wedge that has spanned many years, this is super bullish as a breakout to the upside is likely!
2. Within that falling wedge we are currently in an ascending triangle on the monthly, traditionally ascending triangles break north and when coupled with the huge descending wedge the evidence is in our favor!
3. The most highly traded region in bitcoins history is far above us...because of our last large impulse down I believe we should return to the volume profile area (red line) pretty quickly ! weee I can smell the bear blood now!
4. Last but not Least we have a bullish MACD Cross!! We are well below zero so I would not get too excited BUT it does seem we are WAY overdue for a nice macd run the zero line mark and beyond!
All this evidence gives me a strong belief that we are WAY overdue for a super awesome bull run! I am very happy to be back a part of the bull community and I now finally understand why everyone on TV and twitter has been so bullish lately! There is SO much evidence supporting this bull run plus the strong ponzi fundamentals it is one of the closest things to a sure bet we as lowly humans can ask for ! Ok guys, hope all is well with you and good luck!
Red Boar
Guys today I bring you great news! I have finally figured out why everyone is so bullish! Now I see what is going on and I have made the hard decision to jump on the band wagon! Ok so here it is,
1. Bitcoin is currently in a HUGE falling wedge that has spanned many years, this is super bullish as a breakout to the upside is likely!
2. Within that falling wedge we are currently in an ascending triangle on the monthly, traditionally ascending triangles break north and when coupled with the huge descending wedge the evidence is in our favor!
3. The most highly traded region in bitcoins history is far above us...because of our last large impulse down I believe we should return to the volume profile area (red line) pretty quickly ! weee I can smell the bear blood now!
4. Last but not Least we have a bullish MACD Cross!! We are well below zero so I would not get too excited BUT it does seem we are WAY overdue for a nice macd run the zero line mark and beyond!
All this evidence gives me a strong belief that we are WAY overdue for a super awesome bull run! I am very happy to be back a part of the bull community and I now finally understand why everyone on TV and twitter has been so bullish lately! There is SO much evidence supporting this bull run plus the strong ponzi fundamentals it is one of the closest things to a sure bet we as lowly humans can ask for ! Ok guys, hope all is well with you and good luck!
Red Boar
Comment:
dEd
dEd
Comment:
why is this? well, it's becuase bitcoin moves has literally no movement at all for large parts of the day...apple is being traded back and forth, although it may end up sideways for the day there arent any prolonged periods of stagnation....that is why bitcoin looks so weird when compared to a real market
why is this? well, it's becuase bitcoin moves has literally no movement at all for large parts of the day...apple is being traded back and forth, although it may end up sideways for the day there arent any prolonged periods of stagnation....that is why bitcoin looks so weird when compared to a real market
A. have a little fun
B. show you guys that if you are able to take a step back, throw away your "bitcoin is a revolution" glasses and really look at the long term chart, bitcoin is BEYOND ready for a massive pull back to mroe realistic levels. Almost every sign points down and and end to the years of euphoria bitcoin has had.
Everything that goes up MUST come down again, bitcoin is not immune to this. Bitcoin has been on a massive bull run since it's inception, a pull back is coming and if you ignore this you are doing yourself and/or your followers a great disservice. If you took the time to read this I hope you enjoyed it and can see my perspective.
All the best,
Red Boar