Does the ATR actually back up your argument? or was it left there, I'm finding out about it for the first time, but surely a low volatility while slowly climbing would proceed a sharp fall kinda how they do it on roller coasters. Also isn't the flag of the bull flag starting to get a bit long? I think the BTC.D bulls have missed their chance around 30/5/20(d/m/y ) when we had a quite big fake out.
MagnusBestest
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@Czardon, professional traders believe that ATR is one of the best and most underestimated indicators. In this case it just allows to better see that some bigger moves are going to happen this year. Similarly how you can see it in my other 2 posts where ATR got almost flat. It doesn't matter if the flags are shorter or longer, if they are confirmed, they are just pullbacks in a trend anyway. It's actually possible that if my trendline in this chart gets confirmed, I think we are in a similar or even better situation than in March 2020.
averkie_skila
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The lower diagonal line is draw unfair. Let's be honest. We have to draw a line through the point below in April 2019. And you built it to substantiate your fantasies.
MagnusBestest
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@averkieskila, I know what you mean and certainly understand your opinion which makes a lot of sense. Since April BTC fell off it's trend line and was a on search for a new catch up moment. I think that it's pretty possible that July 16 could be that moment - slowly getting out of that falling tunnel and jump onto the upward train again for some time, before the world fully enters into the new era where everything is blockchain and where altcoins like VET move in trillions of dollars per day. I'm not something like a fan of BTC or anything, it's just what I think makes some sense - always trying to be objective.
Heartskull
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btc gonna dump soon, then defi coins getting spotlight, grandpa btc is old tech nobody needs it
MagnusBestest
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@Heartskull, BTC is a collectible item of unprecedented potential. It's very possible that in something over 100 years, billionaires in between them will be boasting of having some BTC coins in a showcase in their mansions. BTC started a new era, it's not just like PIcasso paintings which you can buy for millions of dollars. BTC has a higher potential. Remember, most BTC will get lost.