darksidejosh
Long

BTC Bearish mirror to silver

BITTREX:BTCUSDT   Bitcoin / Tether
I overlaid the silver weekly chart ontop of the btc weekly in photoshop, and the set up is practically identical. I drew the support lines on the btc chart, and silver moved into the SAME regions. Nobody will like this chart, but this is what i see happening. you can see how long it will take. good news is, once that consolidation is hit, we can all buy a lot more bitcoin than we can today! ill see if i can figure out how to post the overlay chart on here as well, maybe in the comments. its pretty spooky how similar they are...

Comments

here is the overlay image i made if you'd like to see for yourself!
https://i.imgur.com/DKcbTlx.jpg
+1 Reply
This chart is still fire.
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Any chart that shows market cap and price in December below current levels is a throw away.
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darksidejosh jakeithapncapn
@jakeithapncapn, just curious, what was your first BTC entry price?
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jakeithapncapn darksidejosh
@darksidejosh, I entered at $8000 and exited at $9200 on the last trade. I'm not a HODLer, I'm a trader.
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darksidejosh jakeithapncapn
@jakeithapncapn, ok, this is my long term view. i believe there are still swing trades to be made on the way down. but anyone who didnt get into BTC below 3k is blinded by greed at this point and expecting MASSIVE short term gains. "hodl" is a meme, and if you say it you immediately show your time in service colors. ditch the term. tuck your chain
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darksidejosh darksidejosh
@darksidejosh, also in reference to the mcap comment, btc dominance will decline, the alt market mcap will take the overflow. zero sum until the infrastructure is in place for mass adoption
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jakeithapncapn darksidejosh
@darksidejosh, do you think "time in service" is a chain too? lol, look at the last three years of BTC. All show a HUGE spike at the end of the year. It's not being blinded or an expectation. It's a trend. Trade the charts my friend. A similar pattern one time in a precious metal does not a trend make, my friend.
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darksidejosh jakeithapncapn
@jakeithapncapn, i am trading the charts. the weekly looks like garbage. took profits from dec run and bought in heavy on the 6k drop. and ive been in cash since 9980. im not here for advice, im doing my thing and yall can take it or leave it.
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You're right. I don't like it. But, hey. Good work. Food for thought....
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