Me TOO!!!!! I have no clue what I'm looking at but look at what I made!
I found a candle type that makes the trends EVEN more obvious. I'm not saying there is a repeating pattern here.....but.....there seems to be a repeating pattern here. And that pattern seems to repeat every 30 days or so.
RSI and MACD confirm. I don't care about the 200EMA because I looked at the OG pump of BTC back in '13 and the 200EMA supported the price for a while before it came crashing down to a low of 156ish.
This is very much a bear trend in a long term bull commodity. The Bulls had some fun with a short term pump but now the Bears will have a turn. Don't get caught on the wrong side of short term history.
I don't give advice. I make charts and charts are silly. But I do recommend that you sleep.
Good luck out there. Take a friend, it's dangerous to go alone.
You sir have found my thesis! Now look, if you already haven't at the closing dates of CME BTC Futures.
Funny that - it seems like we found something to match that beautiful pattern.
Guess what closed yesterday..........
I love it
UnknownUnicorn1781136
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@SuperShibe, This is something that I've been speculating about. It looks as though a few days after the close of the contracts there is a reversal in short term trend. Right now they are playing with money that was gained in BTC price after NOV17. That price range is a great entry point and I think that the shorts on the CME will definitely take the price down as far as they can. To believe that guys on the trading floor and the "Street" aren't leveraged in the CME and in actual BTC is naive.
DatCryptoBoi
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Heiken Ashi candles are fantastic at making trends more obvious. Check the 4- hour. Buy green, sell red
MartijnMaria
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Best chart I ever saw, my compliments.
schaffi2
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I‘m curious if we are really blind and the red zone starts these days.
EduardoCantelli
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you are only taking into account the bear market. Do not forget that they were bulls from April to December in 2017
UnknownUnicorn1781136
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@EduardoCantelli, The they in this image are the people who are running longs and shorts on the CME BTC futures. That product didn't exist until 17 Dec 17. Unfortunately for them and fortunate for the rest of us the money they are playing with was gained in during the NOV-DEC17 time frame. Also, I very clearly acknowledge that this is a short bear trend in a ten year bull market.
EduardoCantelli
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@krodmandoon, Ok friend I agree now
Since-2017
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neat chart sir. May i know how to make that column?
UnknownUnicorn1781136
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@TheBitcoinboy, not sure which column to which you are referring. It is a heikin ashi candle. The highlighted percentage areas are price ranges.
Funny that - it seems like we found something to match that beautiful pattern.
Guess what closed yesterday..........
I love it