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kdenery
Mar 9, 2018 11:34 PM

Bitcoins Bearish Merger With its Long-Term Trendline 

Bitcoin / U.S. dollarBitstamp

Description

Read more about the concepts and reasoning behind this idea in my main post, The Bearish Case for Bitcoin,

This post is simply to watch it on a smaller scale.

Comment

While this one is till very possible. I REALLY don't see us sinking this low anymore. For reasoning, feel free to PM me.

Comment

If we are to take anything away from this chart it would be that we are definitely near the bottom.

Comment

If we are to take this chart as accurate then we are GENUINELY near our bottom. Lets see!

Comment

well thats rather perfect isnt it
Comments
TheCryptAlpha
Your write up is a breath of fresh air, a chart and theory unlike any other on TV.com A REAL one. The market has brain washed many of its users into thinking its rise will just continously go on for ever and ever and ever. The people posting charts and posting their theories seem to be permabulls and the best way to look at the market is the way you do. To acknowledge unrealistic growth, to also realize where bitoin should be and how the next run up can only happen after it makes a normal retrace. Thank you for charting and I am happy I was able to stumble into your chart in the chat which I only glancedThanks
kdenery
@TheCryptAlpha, Thank you so much man, I put a lot of time into getting all these post up and in order so its nice to see it recognized. also 100% agree with you on the echo-chamber-ness of it all. People need to look at charts from a completely blank perspective some times
Rachel_T
Spot on ;)
kdenery
@Rachel_T, thank ya kindly.
DukeDinhd6
good chart
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