The children of the corn

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
3066 8
Perhaps balance must be restored in the universe before the masses can embrace the greatest financial opportunity every presented to them. We'll see, you definitely don't want to see bitcoin below 8k again...
Comment: Time for a handle?
Comment: Waiting on the 50 MA/downtrend channel/Vegeta test : ) Watch for a big wick. Alternatively...if we start closing candles above the 50 MA that would be uber-bullish but I will bullieve it when I see it.
Comment: hmmmmmm..... #bitcoin weekly chart working on a morning star candle formation at the 50 MA with some beautiful hidden bull divergence. Defeating Vegeta clears the path to least.
Comment: Either going to 4k or 12k...I think 12k.
Comment: broke the blue channel looks like shes ready to go to 12k and beyond.
Comment: Looks like a wave 4
Comment: Count still valid...looks like a 3-3-5 flat correction.
Comment: If the daily closes as is or lower (only an hour and half left) we are going to 7400, probably 7k. Lets hope we can get back above 82-8300
Comment: Either we get back above 8k here or things start to look ugly...there is still some nice potential bull divergence on both the 4h and 6h chart though so I think we will. Possible we get shtu down at 8250-8300 but there's still hope left for the corn IMO.
Comment: When it became apparent early today that the daily candle was going to get destroyed and the lows would not hold I became bearish. Looks like we are going to test the bottom of the big triangle (red)
Comment: Oh forgot the link : ) here it is:
Comment: To be clear i don't think the count is correct anymore (so deleted it from the chart)
Comment: Daily chart showing signs of interim bottom...should could take a run at 8k here and possibly even the top of the triangle if we can break through that level. Even if we do have a nice rally a big pull back towards the end of the week is possible, so be careful. Should be interesting to see how the following week plays out and closes, should probably give us hints as to the next big move.
i think we just barely get there then have another little dippidy doo tomorrow, hopefully forming the bull div needed to bounce the pattern.
since it appears crypto is fuxed, how about some thought on how this all plays out now that we've accepted our loss?
btc_joe renkcub
@renkcub, not really sure what u mean...

renkcub btc_joe
@btc_joe, just saying, we appear to have used the ramen line as a perfect resistance... alts are mostly way below 200 mas... are we talking a 2015-esque -95% vs fiat bear market here for alts? Brutal if so...
sad but possible
detassle your corn
BTC will lose the ground to XRP
Malachai says its going back to the 4-6k range....he says we need this for the crop to grow.
+2 Reply
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