sxott72

sxott72

Every time these patterns have appeared, there has been a big drop. Im thinking this time is no diff. More than enough room on RSI to get down to its trend-line and possibly blow past 17.6k to make it resistance.

sxott72

BTC has pulled back to the .5 fib and retesting the bottom trend line of the bear flag it broke from. Planting a short here with a stop loss is a nice low risk spot and could pay off well.

sxott72

Traditional markets not looking good, Gov is printing money like a drunken Marxist and will make inflation worse, BTC is still a speculative asset that nobody with a brain would park their money into. We are going well under 10k ( not immediately thou ) but, It is about to break down where it is. Positive note is you will get in much cheaper next year.

sxott72

Looks like its about to take another big dump soon. Not looking good. Get your shorts in.

sxott72

That is a pretty big flag pole and it looks like its going to break soon. Just sayin

sxott72

Retested the channel ( Giant bear flag ) 2 times so far and failed to take off. Inflation not slowing down, Rate hikes coming, Markets trending down.... everything points to down. Next retest, its going back in channel and BTC is done for. Short here or take your profits. Buy back in at 10k, put your cold wallet away and come back in 4 years. Always use stop losses.

sxott72

Rising wedge and bear flag targets. Recession getting started, Inflation not slowing down anytime soon. Short this bull trap.

sxott72

The first retest failed to stay above bottom of channel. Second retest is looking weak. Its going to around 37 and when that pink line breaks. Look out below.

sxott72

Moonbois getting ready to learn big money doesn't hold onto speculative assets.

sxott72

Double bottom on this chart putting target up at the .618 around 46. The HNTBTC chart also just broke out of a trend line. BTC looks like its forming a diamond on the 4 hr. If you have HNT... Id hang on to it a little longer.

sxott72

I think its going to hit top of wedge/golden pocket. (maybe fake out to big resistance) .. Come down and fall out of wedge. OR it could just go to shit right now and I'll short after breaking bottom of wedge. Ether way it not going to get past 52900 before heading south for the winter.

sxott72

The chart says it all. How I see it happening. Then its all downhill from here.

sxott72 Updated 

Looks like it going to head back up. Bulls still want more.

sxott72 Updated 

Get your shorts ready.

sxott72 Updated 

Strong bearish divergence on the hourly RSI, 4 hr RSI rising wedge breaking down. H&S reversal pattern developing.

sxott72

Raising wedge in the price AND RSI

sxott72

Just sayin....

sxott72

It might play around getting there but, that is where its headed. With the amount of manipulation in the market, I don't feel comfortable trading the ups and downs. Descending Triangle normally breakout around 2/3 of the way through the pattern. That puts this one a June 29th breakout abouts.