variant1

variant1

It looks crazy buts it's just a BTC daily chart since 2013, in log. Nov 2013-Oct 2015 is the blue channel. Looks like a completely different perspective huh? In Oct 2015 we started the grey recovery channel, that in Jan 2017 took us back to the previous ATH in Jan 2017. We completely broke out of the gray channel into the overlapping green channel May 2017 with...

variant1

Black- 200 EMA Orange- 50 EMA Yellow- 20 EMA White- 9 EMA That long red wick managed to almost instantly put us under 4 critical EMAs, just as we appeared to be leaving a downtrend. Now the EMAs show a clear downtrend, with the 10 currently acting as resistance. This result of this one friggin' candle managed to greatly effect the behavior of most bots...

variant1 Updated 

In this thought experiment a large market maker begins a multi-segmented strategy on Nov 25, 2017. Exactly where it would be headed, I dunno. But everyone is bored of the last few days' BTC show, that's for sure.