* Quick weekend update necessitated by current Bitcoin price action * Am I a bear yet? Am I wrong about the H&S pattern? * 40,800 provides serious support * But 36,000 is definitely a real possibility * More on why I don't think 20,000 is in the cards * What is my strategy going forward? When I am waiting to sell?
OK. so BTC is still the one calling the shots, but weekly Total2 still hanging off the rising cliff and its 4 ema's in positive alignment. Weis wave volume can be read favorably as selling volume has dried up. Note: ha candles...it's all a casino. Gaming coins will win regardless of BTC's fickleness.
tgjgold
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@tgjgold, omg... using a 2w timeline, RSi divergence called the top exactly on Oct 25? As Stew mentioned, looks like we could get a bounce from here but lookout for a head fake...
N-Bluth
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I have decided to sell. Don't fight the FED, and they are halkish. Bitcoin is a hedge against MMT, and right now they are sucking up all the stimulus.
stewdamus
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@N-Bluth, I don't blame you for selling. We'll see what happens.