i think so. also, we are in a much bigger triangle, the really interesting one. this will show if all the btc moonbois were correct, or possibly if btc will "fail" (zoom out on the chart ) the line we are above now goes back to btc at zero. we are at the absolute bottom just touching it right now. if we can hold this, i think 14k btc is coming. SOON....
weekly candle not closed yet, but at the moment we are above this lil magical line that i have been wathcing for some years. never thought we would go so low, and definately scratched my head when we when under it. i hope we can close above it. Also, do we have a little fractal here ? i sold at 9200 but bought back in at 8600 because of my bullish blindness....
the chart says it all.
im not worried about btc now. it might go 5500 before 8800, then I buy more. I dont understand why people care. like i said earlier, I think the corona virus worst case scenario was priced in when it hit 3900. But we wont have the worst case scenario. Everything is always priced in. The halving is x days away, so its priced in like its x days away. The halving...
up it goes, and the guy selling 1000btc can sit there bitter with his 7 million dollars
Corona virus or not.. this is not a TA of any kind , its just a calm reminder that BTC is very cheap now. stocks and crypto panicked early, before the leaders? of our countries did. So this virus is here now. My city Oslo, is basically shut down. i think it all is already priced in. When countries now the next days will share lower infection rate, I think...
"positive bubble" and the "negative bubble" and their wild dance around the median line.
it could potentially break out and up here, but it could as well form a lower low. lets see what happens.
Hi all Here is a new possibility : Seems like alts are lagging a bit behind BTC, but this is not a problem. See how nicely it is warming up to violently leave the bullish triangle. At some point BTC will need to take a breather, and retrace. That means all the billions are moving somewhere, and a lot of that will be going into the altcoins. BTC sure has shown...
Hi all I was taking a closer look at what happened in the period from early 2015 bottom ( $165 ) to peak in late 2017 ( 20k ). Almost every leap upwards was 1,5 to 1,618 the lenght of the previous leap upwards. Almost every correction was to the 0,618. Except the last one that didnt even retrace to the 0,50 : and then it boomed to the 2,618 and crashed into a...
Hi all So the sentiment regarding alts vs btc is pretty.. depressing/disbelieving. That is how the end of a cycle feels. (look at the wall street cheat sheet) "Buy low " some guy once said. Well if that is true, where are we now ? On this log chart, it seems like this multi year channel has been pretty accurate. We are now in an uptrend, crawling nicely in this...
Hi friends. So i look back now on BTC the last bullrun and bearfest. It is pretty easy to see how crazy 20k was, and that we needed a serious correction. Actually , on November 8 2017, it looked like 5 standard waves was completed, and started to correct. if we then would have a healthy ABC correction ( in purple) , we would land on around $ 3300. but it didnt...