The chart is anchored to May, 2012. We just had our 5th point of contact on a support line that has lasted for over six years. The RSI shows we have clear bullish divergence between our last contact and this contact.
This is your best chance to get in. Use a stop at 5,300 if you want to be a cuck about it but you will remember this post and hate yourself if you don't buy RIGHT NOW.
Other urls found in this thread:
babypips.com
reddit.com
twitter.com
how long do you think until a noticeable recovery starts, sir
>Buy my bags
We are going to 2k and your stupid palm readings initially designed around predicting the conventional markets means nothing in crypto terms
this is bearish divergence.
No it isnt. Its hidden bullish divergence.
We are going to pop out of this low shortly. I don't want to be too optimistic because my original chart is on the Monthly, but we might have a tweezers bottom on the weekly.
If you want to be a bit more risk adverse than I am you will wait until we pop back up over support (as shown in this chart). I am in with a stop loss just below the previous low at 5325.
My best advice is to go into bitstamp and make the chart yourself. If you anchor to May, 2012 and go to today you get 3 points of contact. If you cheat the line up a tiny bit as I did you can get 5 points of contact and we are just a tiny wick below the line.
I hope you are right sir but I fear that my hope may mean that we’re not done crashing. nice TA though, will be watching
Thank you for putting that minority in her place. If they are still here they can read the babypips article and get some understanding. In short, bearish always looks at the tops and bullish always looks at the bottom. Hidden is for continuation and classic is for reversal.
>babypips.com
We are at mega resistance with hidden bullish divergence on the monthly. There may be some wicking that will BTFO people with stops too tight but it will be harder to find a better entry.
If this isn't the bottom them there is no bottom according to fundamental and powerful TA.
Finally some based and redpilled. I was really hoping for a drop and just bought 1 more BTC yesterday. A drop signals now we going to a next bullish trend. New volume is getting into market. Bitcoin is again in the news because of the drop. Accumulation of the big whales is finally coming to an end. Now the last waves were washed out. If Jow Forums like here is already in despair, what we can clearly see, then we know for sure there is a next bullish trend coming. But there will be 2 or 3 more smaller drops. And then when NOBODY see it coming, suddenly a new big bullish trend will come. If you have already sold, maybe wait some more days. But when it starts, you will fomo back in for sure. Just do not miss it. Buy low, not high.
>I was really hoping for a drop and just bought 1 more BTC yesterday.
Retarded, especially if you fuck with leverage
> Bitcoin is again in the news because of the drop.
Price action is pure, fuck the news. The new is written mostly by cucks without any skin in the game or by sharks with no reason to tell you the truth beyond begging for free BTC or ETH donations.
>But there will be 2 or 3 more smaller drops.
Where is your TA or your reasoning, asshole?
>Buy low, not high.
The only thing of substance you said, and I am sure you were just repeating platitudes.
Yeah I’m surprised at how the majority consensus on Jow Forums is bearish, and the entire, 100% consensus on Reddit is bearish. This is extraordinarily bullish
>100% consensus on Reddit is bearish
no its not. read all the replies in this thread;
reddit.com
majority are still bullish on leddit
WTF? I underline your statemeant. You said buy more, and say I am retarted because I bought more? Dude, do you have multiple personality disorder? You just contradicted your own posts.
But what happens if we keep going down further?
I’ve seen these kind of charts before, the ones that show btc uptrend on log charts or whatever. I always believed in them and was long term bullish. But haven’t we just cracked that suppose? Does that mean it’s over forever? They were wrong about btc being deflationary?
RSI still over 50 is definitely not bullish
>If this isn't the bottom them there is no bottom according to fundamental and powerful TA.
This is what I’m worried about. These kind of long term trends show that bitcoin goes up and down but never ever below this long term trend line.... please explain to a brainlet
Trolling right?
$2k is coming but I already fucking toadaeo
Yeah, what if we're breaking the long time trend?
This has got nothing to do with your tea leaves meme. It's a coordinated dump and it won't stop until lower 4ks. Bull run starts in early 2019. Screen cap this.
Use a stop like I said. But we have hidden bullish in the monthly chart at long term support. This is technically a good entry.
>has a pink ID
I love pink
>digits contains 555
The 555 is a good chip
>there is tree in the backgroud of the image
I love nature!
Because of all these reasons, I believe you user!
Gotta wait a little bit more and then buy!
Not holding btc.... only link.
I’m only interested in btc because it controls the rest of the market
Is it true that this is the last floor and after this we are screwed?
I think ur right. It could be sooner though. Bakkt is bigger than I think we give credit fora plus i think he economic system is about to collapse...anytime now..2018...2019 spring don't matter the bounce will happen.
Lmao that exchange was baffling and hilarious
Personally I think it'll hit the 200ema before any move up but thats my opinion.
i don't get it
this divergence indicates an incoming bear not a bull
You need to look at crooked chart, cheat the line a tiny bit and zoom on the tiny wick.
Kek