What is gonna happen at the end of this?
What is gonna happen at the end of this?
Jaxson Gomez
Michael Howard
BARTBARTBART
Lincoln Lee
The biggest reverse bart
Michael Diaz
>blue pilled
It's going to break downwards because its a descending wedge
>red pilled
It's going to break upwards because the crypto market is heavily manipulated and whales will want to BTFO shorts
>black pilled
It's going to keep trading sideways and break neither up nor down and the entire triangle was a meme
Ayden Price
BTC >$8600 by the 6th of October, that's what will happen
Bentley Jenkins
it's gonna gently break upwards, and then flash crash to 5.3k with a massive shake out candle, recover just as fast, and then begin the slow upward trend that will take us to 60k. Check 'em.
Christian White
Seems like we’re exponentially decaying to a support level. I guess we’ll get to test the whole “ironclad support at 5800” thing.
Lucas Johnson
>enlightened pill
It's going to be all three.
1. Upwards - violently to grab shorts
2. Downwards - violently to fake out an exit
3. Sideways - waiting for more places to adopt like venezuela, south africa, zimbibwe, and turkey
Wyatt Young
Obviously a giant spike but not until every last person has been shaking out
Aiden Murphy
I love it. What are we going to call this formation? I vote "The Quasar"
Asher Perez
are you all dumb?
in not even 3 months from now it will be 50k
I screencap this thread and show you how dumb you are very soon
Elijah Reed
thats bullshit but I believe it
Christopher Wright
the dropping amount of energy of swings (quantum fluctuations) will cause the price to rapidly expand and the subsequent inflation will recreate the present-day bitcoin at even higher price
Colton Ward
>missing the banana
>closer to breaking support than people realise
Elijah Turner
how about, "the heart attack"
Justin Smith
kekkkk
Jaxon Ortiz
Op doesn’t realize you don’t use wicks in establishing support lines. Doesn’t realize it has been higher lows for past three months. Doesn’t realize it is a symmetrical triangle not a descending triangle. Doesn’t realize triangles are continuation patterns of previous trend. Doesn’t realize previous trend was massively bullish. Doesn’t realize golden bull run about to begin
Christian Gomez
prove it
Brandon Hall
>Doesn’t realize previous trend was massively bullish
Imagine believing this. Zoom out, idiot.
Brody White
imagine being this deluded
Isaac Wood
>zooms out
Holy shit, this is even more bullish than I could have believed.
Connor Wood
Not what I meant. If he wants to claim the high lows are bullish then I can also claim that the lower highs are still bearish and we're still in that triangle.
Bentley Ross
Sorry, I am already in zoom out mode Bobo.
Elijah Ward
Yes and triangles are continuations of trends. The break down from January to March is not a trend. The triangle isn’t going to be longer than the trend it is supposedly continuing. You should be focused on the multi year run from 2015 lows to dec 17 high for over 10,000% increase. This is the trend being continued when we break the triangle.
Sebastian Moore
I am long term bullish on bitcoin, of course, as I think most people should be. I just don't think that we can say that the bottom is definitively in. There have been three obvious chances to break the triangle with bulls getting rejected each time. I still think bears will have one more chance to break support at 6100. I'm betting that it holds and we trade sideways for a year or two until there is an actual impetus for people to buy back in. Market sentiment is still uncertain.
Jeremiah Long
Justin Roberts
The only logical being in this shit board we will touch 4k and ETH will go double digits after all...