So, chart says it all. We're sitting on a nice trendline support whilst testing the previous resistance, I think we're solid.
In response to the you-are-so-f***ed posts, nah.
March '20 was a global irregularity and massive shock to the markets. We all know how insane that $0 USOIL day was - I wish I bought :(
Since most of the top posters I see right now are going bearish (Save for the forever-bullish Bitfink, respect to him!) I'm going to take a 100x long on BTC.
YOLO 4/20 LETS GOOOOOOOO
PS: My ETH wallet is here send some yah dorks: 0x0008eb9764B45b7a7761eB747E1C6a5a55C9d6Ec
any thoughts on the pi cycle top indicator lines crossing a few days ago. Historically that's the top of a given trend with bit coin.
Jemkie
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@qofdeath, Pi cycle tops are only pi cycle tops when its true in hindsight - remember most technical indicators are entirely subjective regardless of what formulas are behind them. In quantitative sciences its called "observation bias." Our brains search for patterns that are subjectively agreeable based off foregone conclusions - we know that the pi cycle is accurate in all cases and predicts trends perfectly - so why would it be wrong here? Then you chart the pi cycle, and boom. Perfectly aligns. Always be safe in what you trade, but calling for a top before we've ever seen a blow-off top on BTC seems a bit silly and runs counter to the same trends the pi cycle tries to demonstrate. Ninja Edit: Note I'm trading off my own calls above - that BTC is fine and will continue on an upward trajectory as it has been. :)