TradingView
Hubris
Apr 29, 2018 7:35 AM

MMM!....I'm lovin' it! Short

BITFINEX:BTCUSD120
Bitcoin / DollarBitfinex

Description

⋅
Any one for a happy meal?

Comment

⋅
A closer look..considering we are in C wave which will bring us to the pink downtrend line before reversing into a wave wave down.

Comment

⋅

Comment

⋅
However, always be open to all possibilities....

Comment

⋅
He who panics first, panics best....

It all comes down to where you connect those dots..... the log down trend officially hasn't been broken!

Comment

⋅
I'm growing old and tired watching this thing... I'm convinced it is intentionally trying to kill me very, very slowly!

Comment

⋅
This is one stubborn bull/bear!...still possible.

Comment

⋅
Ever been rejected by the same girl 3 times!

Well, looks like Bitcoin just isn't going to get to 3rd base that easily. Now, I don't really care which way it goes, I just wan't this over with!

Ignore that stupid bull flag I up there previously and have a look at another possibility as that is all we can do....just sit back and watch.

Now I'm going to do some yoga, have a beer and watch the sunset...enjoy!

Comment

⋅
Bearish divergence below the 200MA?
Trend Analysis
Comments
Techmology
⋅
Careful now. next touch its going down
NewYork888
⋅
NYXBT Remember that potentially devastating death cross on the long term chart - perhaps that's why it keeps getting rejected.
Hubris
⋅
@london55555, yep fore sure.....I've officially given up.... going for a nice cold beer!
NewYork888
⋅
@Hubris, Smart man and exactly why we posted "stay flat" last week.
VincentVanTrimpont
⋅
There is an interesting support line which is SMA 300(days) and we crossed it with a 40 % increase in price the 12th of April ... it seems to be the same short bull run that occurred in 2014 !
Hubris
⋅
@VincentVanTrimpont, Thanks for pointing that out, very useful information indeed!...I say we roll over...
VincentVanTrimpont
⋅
it started by crossing the 300 SMA and made a 40% increase.... followed by a bear market.
s7.postimg.cc/ji1zl4t17/ibibikb.jpg
Hubris
⋅
@VincentVanTrimpont, Yep, I'm an old fart and remember that big 'ol Grizzly all too well back then...It was a good fight.... now I say lets poke this one in the eye and see what she's got!
Techmology
⋅
Yeah I tried this theory out yesterday actual. If is was more than just Bitfinex charts with this representation, I'd certainly give it more attention but their charts are always a bit more skewed than the rest. This all said, a move down from here would certainly just change the shape of the wedge at any rate.
More