Muh ever lasting golden bear run

Bakkt better pump this shit quick or bitcoin will actually go to 0. Break 5k and its all downhill from there

Indicators don't matter once something is proven useless

Yet another pie-in-the-sky source of delusion.
>Muh Wallstreet Bonuses
>Muh Chinese New Year
>Muh Consensus 2018
>Muh Institutional Investors
>Muh OTC buys
>Muh ETF
>Muh Bakkt
>Muh dick

No one is going to buy something that can't even for three fucking days hold itself up

It won't break it. It might break it as a false sign but it wont really break it. look at the picture I provided you, its quite obvious what is going on. Don't get me wrong, I'm personally not too bullish on bitcoin long term, but as a neutral observer, this seems pretty obvious to me. 4700 is the absolute bottom, it wont go under that. the bottom will also be set during 2018. That doesn't mean we are going to see bull market for a while across the whole market. I can see bullrun happening for likes of XRP, XLM, and Link pretty soon after the bottom is in.

And forgot to add. Much less buy hundreds of millions of dollars worth of something that can't keep itself afloat.

We can thank for bcash kikes for also fucking over an ETF.

there is nothing more to see. just wanted to give all of you some food for thought. this is weekly chart and the indicator is just OBV, which is in my opinion one of the better indicators. it just reflects the distinction between smart money and retail investors. how volume flows. very simple, but often times very effective tool. for example look ETH in early 2017 or Link before they started their bull runs

hence it has been smart money buying during this bear

tfw the double dip is loading up the release of big-bang-bakkt.

This user gets it.
The pumpening wil commerce soon.

Attached: 9vaYxpN.jpg (1080x1080, 76K)

It is just because of thanksgiving and then Christmas and then new Chinese year and then new Persian year, otherwise we are good

Nah, we need new cash so this entire thing won't collapse.

also a 9 buy on the daily in a couple days.

Attached: 1541723267758.jpg (480x720, 59K)

A pennant flag ending a falling wedge breaking fibonancci lines in the fifth wave. You guys a so fucked. Lolololol

So what happens when the obv indicator breaks the uptrend

>Sells
>Goes up the next day

I'm not falling for that one not again.

Elliot waves my guy

Attached: BECB203D-9209-47FA-A140-A17ACCD67889.jpg (1242x1492, 250K)

if it starts going down significantly, it indicates that smart money is exiting the position. But it would be very odd if that happened now. The thing is that OBV is just good tool to recognize who is buying/selling by spotting divergence between price action and the indicator.

Here is an example. its link weekly chart. you can see that there is clearly accumulation happening during the downtrend. once the accumulation is done, there comes reversal and very strong uptrend. It obviously works another way around to see when smart money starts distributing their positions to retail investors. thats usually when Jow Forums buys in.

Attached: Link.png (548x1056, 54K)

>100k By end of 2018

Attached: 1.jpg (177x189, 14K)

What if bakkt opens and it doesn’t change the price at all , and no volume comes in still. Would you agree crypto truly is dead then?

Yep. This guy predicted it. He unironically looks like that.

Attached: 8C75DF8F-4F85-4EEF-A93F-15429963DCD4.jpg (1408x1053, 165K)

with thunderous applause

I don't expect that to reflect in the prices at all in the short term.