#5kBTC Short

BITSTAMP:BTCUSD1D

Bitcoin / U.S. dollarBitstamp

Description

⋅ Nov 13, 2019 4:59 PM

#5kBTC

Comment

⋅ Jan 14, 2020 6:14 PM

Getting a nice bounce atm! Was thinking this might be a faster drop. Apparently it wants to play out the whole thing though... Waiting to reshort atm.

Comment

⋅ Jan 14, 2020 10:13 PM

11k maybe? I'd rather see a correction sooner and hoping we do...but I think this a possibility.

Comment

⋅ Jan 15, 2020 4:11 AM

Comment

⋅ Jan 20, 2020 5:39 PM

Close up comparison of the ascending wedges

Comments

Aadil1000x

⋅ Jan 24, 2020 11:11 PM

I am also selling. my target is 4500

LuckyTrader102

⋅ Jan 7, 2020 5:54 AM

Good job bro. keep it up!

B166ERcrypto

⋅ Jan 17, 2020 3:18 AM

Dude draw that bottom line on the log chart and you'll have it drawn correctly. It helped me call the 2019 bottom.

Weavs844

⋅ Jan 19, 2020 2:24 PM

@B166ERcrypto that is a log chart...

B166ERcrypto

⋅ Jan 20, 2020 10:16 PM

@Weavs844, Okay I zoomed out to see what's going on here. My I ask why your purple line isn't drawn under the price action in 2017?

Weavs844

⋅ Jan 20, 2020 10:28 PM

@B166ERcrypto, cause I don't believe that line applies to the pattern I'm looking at. Not a huge of trendlines that go that far back. Purple line was more of guess... Wouldn't put too much thought into that line. Was more looking at the pattern of the drop.

B166ERcrypto

⋅ Jan 20, 2020 10:32 PM

@Weavs844, A trendline going that far back is very powerful. I don't know why anyone would discount a 10 year trend. Drawing a line underneath all of the price action is the most reliable and powerful trend in Bitcoin.

Triston27

⋅ Nov 14, 2019 5:29 AM

Made a clear bull flag inside of a bigger bull flag. 5k is a stretch.

ovvnyou

⋅ Dec 9, 2019 8:05 PM

@Triston27, Market makers love to surprise buttsecks.