What's up? I have no clue what I'm doing, that's what.
Bitcoin is doing stuff, and that's pretty great.
I made a bunch of lines and then some other lines and even threw in some moving averages.
One thing I've learned is that when you draw enough lines on the chart....you can hardly ever be wrong.
This is not advice, I'm long, but don't recommend it for the...
Yo! What is UP? Not BTC, that is fo' sho'!
Lots of stuff here, a lot to absorb, and a lot of nonsense and shenanigans.
Mostly what we can see is a super successful 100% retrace of that last whatever you want to call it and we are back at a point that would be ripe for a triple bottom in almost every other asset class.
THIS IS NOT EVERY OTHER ASSET CLASS! The...
Hello to all my faithfull followers...I see you...all 15 of you. Lulz.
Anyways, up next in the lastest installment of "WTF is going on with BTC", I've attempted something rare, something dare I say it....sensible.
What we can see here is BTC being rejected by some various moving averages coinciding with volume support levels. Those actions in price result in...
Pretty simple really. Although I have no clue what I'm doing.
No indicators, no analysis, no magic....just common sense.
Wall Street- "Lets open futures on BTC"
Other Wall Street-"Yeah, lets buy some first and then announce that we'll do that"
Announcement- "Bitcoin Being Adopted By Legitimate Trading Exchanges", "Futures Will Come to BTC", "Cash...
HALLOOOOOO!!!! WTF IS GOIN' ON?!?!?!?!? I HAVE NO CLUE!!!!!
Its been no secret....I'm short on BTC....so sue me. I think I may have a reason that goes "Beyond Technical Analysis" (said in faux deep voice). I was looking at that parabolic rise in the BTC moon mission and I was thinking to myself, "Way to miss out Krod, you had to HODL, huh?" And then it came to...
WTF is going on? I have no clue but look at this thing its more of the same but different. In the end, it's just a chart and charts are lulz.
I've eliminated all the extra indicators and highlighted key resistance and support zones for the mother of all BULLS, BTC. Expecting this mega transforming monster beast to go full BEAR in a matter of a few days or...
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...