TA user is delusional, here is the good version, don't be delusional, this market is characterized by descending triangles, where do all descending triangles break? Yes, you guessed it, downwards.
TA user is delusional
Xavier Lewis
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Brody Mitchell
i got something similar. circles are long/long SL's or short/short SL's. pic related.
Brandon Wilson
Taanon is a fraud
Camden White
How about we all just finally agree that meme lines are no good at predicting shit because anything can fucking happen and you can draw meme lines after the fact to support established TA pattern
Austin Campbell
cope
Ian Cooper
just look at the negative divergence on the RSI and you'll know this thing is fucked. Also the funny thing is it isn't even done yet, I agree we see a wave 2 up to the 3900ish area before the big wave 3 down to low 3000s
go kill yourself worthless faggot. I was calling for 5k back in june when BTC was 6k solely on this """meme line"""
David Rivera
bwahahaha sure user TA is a meme....and all traders that are profitable long-term are just lucky....
Ethan Powell
Btc is heading to 1k and alts are all going to die apart from around 5.
Jose Smith
And what about all the other traders that use meme lines that end up losing money? It's maybe slightly better than flipping a coin, but still worthless since you can easily put faith in the TA and have your expectations subverted and end up losing a lot of money.
Anthony Ward
Who is the fear mongering idiot? What a retard.
Evan Murphy
Read his twitter history. Guy is a savant, called every btc crash perfectly since 2017. Called low 3k btc which goes to 3 digits back in october, called sub 100 dollar eth 4 months ago in an article.
Logan Cruz
lol arent you the waves trader?
it tested that green resistance twice and consistent with H&S formation rather than downward triangle.
curious to see who was right eventually.
Nolan Parker
kek
Asher Hughes
you're both retards honestly
Jaxon Stewart
Yep. It was a big sell signal for me. It's cool though, let him go all in.
Can't wait.
Liam Evans
Here we go. I'll buy regardless at 2.9K.
Ayden Sullivan
>dips 20
>retraces 15
stop staring at ur 1m candles user
Liam Johnson
sorry, brother.
i do not leverage, but you'd have to be a fool to not see the break coming.
James Rivera
Most people don't know about the parabola meme. Now we have an inverted h&S. Very confident a huge bounce is at $3500ish
Sebastian Jenkins
oh its coming, im just expecting a last wave up to ~3900
also nice trips
Josiah Lee
Are you seriously looking for head and shoulder patterns in 12h candles? Nigga you are so zoomed in that you're looking at random noise and seeing what you want to see
Benjamin Nelson
Yea, break up to 5k, i would bet my life on it that btc will break up and blast right through 4.2k just to liq all double top shorters
Adam Martinez
Its on the daily and even 3 day too. Do you only Look at 12 month candles?
Brody Morris
Inverted H&S. Zoom out
Jaxon Hill
these.
id really like btc to go back being cheap but im afraid those above are right.
Leo Hughes
this dump has been orchestrated by bulls to complete the inverted head shoulders ,bears have no power.the path of least resistance for btc is UP
Mason Jackson
>t. doesn't know what a descending triangle is
Andrew Walker
TA meant fuck all for the stock bull run and last year's crypto one. It was all choreographed according to a metagame that many of us here called. Many of us are calling out the new one and have been for awhile. The old one was to use retail to run the price, allowing cash out against ETFs. Didn't happen and we ended up with a fiat liquidity crisis in crypto. New meta is to humiliate the price to an amount where gox recipients are comfortable selling to minimize the cost, in fiat, of accumulating that wild card supply. Note that 1200 would be high willy bot and should bait them just fine. After that, the healing can begin.
The trip to 1200 will not be abrupt because margin bears need to be liquidated along the way.
James Price
>where do all descending triangles break? Yes, you guessed it, downwards.
according to investopedia:
>Triangles occur in uptrends and downtrends. Since they can be continuation or reversal patterns, traders wait for the price to break out of the pattern to indicate which direction it is going.
>Since continuation triangles occur more often than reversal triangles, focus more on breakouts to the upside during uptrends and breakouts to the downside during downtrends.