achtung360
Short

END ALL-Know All-See All (BONUS!!) Cheap Props Included!!UP-VOTE

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
*Legendary Chart* Once In A Life Time
Everything included, cheap props...*Bonus* Actual Good TA.

Well My friends here we are and this chart explains all there is needed to know. It is the Long View.

This chart is a counter balance for those that throw charts out with 1.5 million Dollar BTC . This is our attempt to make fun of it. This is people money so lets provide some education here and unite for one moment. Please give us a like and a follow and check our signature.

If we slip through our hard floor its going to hurt and people could lose 35%+ of their money. We are entering a dangerous zone here for Bitcoin . Bitcoin is known for parabolic moves and we are probably going to see one here shorty.

This is the data set and the pattern is clear. We have have a hard floor at 6k and a soft floor of 7k based on the volume profile and the pattern most of the price action throughout the year has been between 6k and 7k. “7K Bullish" and "6k Bearish”

Let me explain based on probability why will break down and here is why.

The market sentiment is overall bearish with descending triangles with smaller and smaller bounces from our ATH that are continuously smashed down on our hard floor of 6k when they fail to break the yearly resistance trend line and not finding support on the soft floor of 7k which would be bullish . The money flowing in and out of the market (The market cap) is getting smaller and smaller when it flows back in. Think of it like the ocean, the tide (Market Cap) keeps going out, when the tide comes back the water is further out.

There is now major resistance to even find support on our soft floor of 7k. In Bitcoin there are still a lot of burned hands, criminal investigations, ETF denials in the US, China out, India basically out though they could come back after elections from what I'm being told.

Again the bounces are smaller from the ATH and continuously leaning / being pressed on this hard floor of 6k not the soft floor of 7k which would be bullish . There is now major resistance to even reach our yearly soft floor of 7k again. Though I believe its possible we could pump to 7k in head fake or an overthrow and fall from there.

I believe the market makers will eventually stop trying to defend the area of 6k area which has been the pattern all year long but patterns eventually break and when and if we fall through our hard support its going to be a parabolic move and its going to hurt...We could be wrong and we see $8,600 to invalidate this idea but its doubtful.

Remember everyday, new data, we try to stay up to date constantly. Checking our signature for more details.

Play the market don't let the market play you. Lets take back the power!!

Stay Frosty.
Comment: I dedicate this chart to Julianne who taught me mostly everything I know about TA
Trade active:
Trade active:

When we fall which we probably will. I'll let the chart speak for its self.
Trade active: Bad day for longs? Good to see some headed the warning and up voted.

Thank You
Trade active: Breaking into support here.
Comment:
Trade active: Finding a bounce here. $6350 bottom is in play for now though. Letting the short ride.
Trade active: Let the trade come to you!!
Comment: No matter how you drew it out, it was bearish.
Trade active: Would very much appreciate up vote and a follow to keep providing valuable trades to you all. Thank you
Trade active: Let me make something clear, anyone who says this chart says the bottom is in a certain place 100% does not know how to properly trade, anyone trying to catch the exact bottom with 99% most likely fail. That is why you layer in your buys all the way down within your zone.
So who is Julianne?
+1 Reply
achtung360 FandorinNYC
@FandorinNYC, A myth, a ghost an aspiration. Quite the enigma
Reply
Shorts gonna get rekt. Short term upward momentum AND bullish divergence on the RS
+1 Reply
achtung360 peakindicator
@peakindicator, Possible this is the long view unless something changes.
Reply
@achtung360, If you said if 5855 I'd say maybe, but 4855 is not gonna happen. We already triple bottomed at 6k
Reply
achtung360 peakindicator
@peakindicator, This is today was today. Looked rather bullish and a bounce was expected.
Reply
achtung360 achtung360
@achtung360, This is June which looked more bullish and people were calling the bottom then and after we fell to around 6k.
Reply
achtung360 achtung360
@achtung360, This is a multi year trend line I identified that held up for 3 touches. If we do break to the downside and it holds again (that has been the pattern) It would bring BTC to around $4850. The fact previously a lot more Bitcoin holders were just that holders and not actually day traders like now. Sub 5k could cause a panic sell off and break that trend line. For some reason and I haven't figured out why people are afraid to look previously before ATH or run their data set before 2018. Bitcoin doesn't care about a calendar year the run up started in 2017 and if the market wants to give back more there is still plenty of room for it.
+1 Reply
@achtung360, I have to respectfully disagree. I see a continuation of the slow steady growth... LTC had a really nice bounce today :)
Reply
peakindicator peakindicator
@peakindicator, under 6k it's no longer profitable for miners, so also there's that.
Reply
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