porterstone

porterstone

Was bearish after the dump and close below 200 SMA. No regrets. Now $BTC has proven otherwise it can perform, bias changed back to bull. Waiting for consolidation to load up more. Possible iH&S in play

porterstone

If weekly closes full bodied bull candle above $7200, equilibrium triangle still most likely outcome for bitcoin . Two possible equilibriums to draw, depending on whether to include March 2nd wick to $3700 Stuck between a $6K range of $10.5 and $4.5. Unclear on what's likely short term.

porterstone

Squeezing pattern with fakeout to the downside, down to $4.1K before creating larger iH&S structure and breaking out tightening range aggressively by Winter 2021 / Spring 2022

porterstone

Possible scenario

porterstone

Could go either way, biasing bear

porterstone

Rising Wedge Ugly shooting star Declining volume Short term bear

porterstone

Similar to the lower high we had in the 2014 bear This is not my primary expectation for bitcoin. However seeing all these crypto youtubers and hopium makes me think this is needed to flush out all the shit from crypto Even if this scenario happens, I plan to hold my bitcoin investment position regardless - there will be another fomo wave eventually, and I'd...

porterstone

Technically, this rising wedge looks bullish for alts. But the rest of the market says no $BTC bearish deflation on all asset classes, likely continuation into Q3 until covid is solved We've been in a bitcoin dominance bull trend for 2+ years. Expecting continuation until proven otherwise. If we were looking for altseason, this is what we'd look for though....

porterstone

Bitcoin's not mooning anytime soon after that dump We in a global deflation at least until the end of the year. We need accumulation and basing after that massive dump. Moon isn't happening anytime soon. At least a year away, likely longer.

porterstone

Rising wedge into resistance Bear bias until above 7.5k

porterstone

Most likely scenario for bitcoin

porterstone

Been in downtrend since $13.8k. BTC will do well in high inflationary market, but there could be a sustained period of deflation first. Deflation will hit everything including gold and bitcoin. Prudent to be skeptical of hopium while crash and panic is on.

porterstone

Not counting on it, but seen barts play out like this before

porterstone

Decending triangle Best we can hope for is a marginally lower low to make a falling wedge Might rally to make another lower high compared to $13.8K

porterstone

S&P500 due for a pullback oversold falling wedge bullish divergence on significant timescales Overdue for a dead cat bounce

porterstone

possible

porterstone

Need more data to confirm high lows and horizontal highs

porterstone

Hands down the craziest 24 hours ever experienced in crypto If you're still here you're a true OG Bullish scenario of what might happen Need some time to reflect on an empty chart