After it got rejected on the 6840 the "dump" was too small.....it bounced straight from the 200ma on the 4h....if this was the bottom of this dip than its very bullish However it just seems too optimistic, i think we could still go to test the higher 6500s which was resistance for a long time..
The higher line is obvious ressitance
The support lines on the falling wedge are pretty forced but if i see it going to the high 6500s by following the bouncing on any of those 2 lines ill long the shit out of it....
Or do you think it hasnt dumped much because its the weekend and there just not enough volume?
>if this is the bottom than that's very bullish Geez.. I wonder how long it took you to come to that conclusion
Jose Mitchell
Zoom the fuck out. This is going to head back down to 6000-6300 until we get to the actual decision time which is some time in late October/early November when the massive descending triangle that bitcoin has been forming since January will be put to the test.
Cooper Sanders
i agree user but im not analyzing long/mid-term here....i just wanna understand where the reversal is to long it back up to 6780 for a safe bet...
Sebastian Lewis
also the 50ma on the 1h is aproaching....should give us extra support.....
Jaxon Williams
looks like it just broke out...
Lincoln Reyes
my Hull MA turned down but the EMAs are still up on 4H chart so it is not going down yet
Jayden Long
jesus fuck have you just seen the flash crash on bitfinex????
Zachary Reed
no, should I?
Landon Fisher
it went down to 6500 in 1 minute than mooned up to 6760
Leo Rogers
Not a good sign. I'm exiting like that guy did
Aaron White
each time it happened the market just went up like 09/18
Thomas Diaz
Why do you only have one example? This isn't a shakedown at the lower end of a trading range. We're not going above 6800 again get out now
Andrew White
why do you think it is going down when it didn't in the past?
Noah Bailey
>drawing meme lines on this shit
Are you fucking retarded? Just short/long according to the 1D chart, it's been doing the same thing since January. The next stop is 6k, see you there.
Alexander Scott
we're going into alt season before btc breaks out. it's gonna cosolidate for the next month
Levi Williams
fuck you brainlet
Jeremiah Sanchez
TA fag here
user, you should really use daily and 4 hour candles,
anything less than that will give you mixed signals on your primary indicators..
Fibbonaci retracements and exentions are your best friend.
