How likely is this going to happen over the next few weeks?
How likely is this going to happen over the next few weeks?
Jacob Cook
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Easton Hernandez
Close enough.
Anthony Morales
About as much possibility as it hitting 10k in the next few weeks.
Matthew Powell
Bakkt starts soon, why should there be enough sell pressure? You would sell the bottom before a possible trend reversal.
Evan Bell
it will never happen like that...but it will go slowly down to 3/4/4,5k were not bullish, look at bitcoinwisdom.com
the 2 weekly MA are bearish, they have to cross before i feel bullish, last time they crossed was in 2015 with btc at 250$
Jaxson Howard
this
Isaiah Rogers
oh fuck...
Ryder Torres
100% likely. Sorry but futures ruined bitcoin. Too many people in power that want to see bitcoin flop and have the masses lose their investment money so they can shout “I TOLD YOU SO” and have the boomers and millienials go back to investing in safe 5-10% yearly returns on safe index funds suggested by the big boys who were the ones who intentionally manipulated and debilitated the very market everyone speculated on hahaha...
Brody Thomas
more likely than nonexistent demand appearing
FOMO has left the building
come back in a few for the next instalment of le bubble
Isaiah Howard
>they need to cross before I feel bullish
>last time that happened was almost four years ago
Stay broke user
Elijah Fisher
ignoring weekly MAs
Connor Jenkins
Oliver Gray
No need to draw meme lines when you can just take a look at the previous bear market and see that it's pretty much identical to what we have now.
Samuel Sanchez
it's got to break one way or the other, since volatility is settling.
so far it is still following the pattern of post 2013 bull run: bounce with lower highs and eventually settle sideways at a floor.
that's where we are now. at the end of 2014 it was settled at a floor of the 300s, when it crashed down to low 200s high 100s. then it took off and bull ran us to 2017.
so if it breaks down, it's still following history. the sudden volatility will wake buyers up and trigger small bull runs. and by buyers, i don't mean the masses. it will be an influx of old crypto investors who were burned earlier but not too badly to never come back. and people are pretty stubborn. many 2nd/3rd timers or what have you will come back trying to make up for their losses, thinking they are wiser now and probably have more saved up
anyways IF history repeats, and we're still following roughly the same pattern, crashing here doesn't mean death. but it is the last stand, the very brink of death. i'd still buy but that's me.
if it breaks upward here then it means we've already been hitting the bottom and we're bull already. this might be because we've had more contact with the bottom this year compared to post-2013
anyways that's my two cents. donate btc: 1BvB3dgofuckyourselfF0v9rj
Justin Carter
kek
do you even realise they crossed buliish in 2015 at 310$ and then back bearish at 230$? this indicator has the biggest lag there is, trading to this would be the most retarded thing imaginable you have to be trolling. before that they crossed bullish in july 2014 at 640$ and then back to bearish 2 months later at 480$.
>the 2 weekly MA are bearish, they have to cross before i feel bullish
have fun trading like that
Andrew Miller
decent post, newfriend, but nobody is going to give you bitcoin
Ethan Martin
oh fuck me kek
Hudson Hill
Holy shit, that shill at the end.
Carson Sanchez
lemme spoon feed you what the other user was trying to tell you. And stop using weird settings on the MACD
Chase Thomas
What is this autistic faggotry I am looking at?
Oliver Collins
first z is not below y, if we're comparing one year to another why should this year be any different?
Juan Martin
bears are fucking retards
Brandon Perez
wow BIG movement , it can go down but not that much ,neither it can go up that much ,expect something between 5.5k or 7.5k
Mason Flores
>>first z is not below y
that's the point, trapping permabears to fomo in later at a premium price. There might not even be a Z retracement this time around, this weeks pump and dump felt like the final shakeout with the coordinated Tether FUD and shitcoins randomly mooning from their bottom. You've been warned
Dominic Reed
This is one of the best price analyses I've seen yet. Totally agree that it's gonna break hard as fuck, who knows which way though.
Probably gonna hedge a short and a long on separate mex accounts, or maybe buy a long straddle on Deribit
lel