Is 4000$ support or resistance?

Will probably coincide in some way with halving, likely half year to year delay so not until late '20, early '21. I still bought the 200wk MA test aggressively because that's the spot you want to get in for long-term holding. Doubly so with the RSI oversold signal as well.

i like you user. cheers lad.

Thx senpai. Don't let anyone tell you TA is useless.

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Uhhh 4200 seems to be pretty good resistance I don’t know why you even brought 5500 into it

Because the 20 and 200 week moving averages are all that matter in terms of real resistance and support. There's no technical case for 4200 to be any sort of either support or resistance.

No. Headline factors will determine. Bakkt is happening, as is the ETF this year IF Japan approves.

lol the delusion

There is almost no chance any ETF will be approved given all the concerns the SEC had with crypto in the earlier ETF proposal rejections still remain. People are too eager for X Y Z catalyst to come along and propel them to the moon but it likely ain't happening anytime soon. Just buy any retests of the 200 wk MA at 3k-3100 and aggressively below that down to 2250 if it actually goes that far, and wait for a few years. Go do something else with your time in the meantime instead of wasting it watching a market that ain't going anywhere.

do you honestly think btc will ever hit its ath again bro? how long you been in the market?

I have almost no doubt in my mind that bitcoin will, at some point, surpass the prior ATH. I first heard about bitcoin in March 2013 when someone posted a thread on Jow Forums celebrating that it passed it's prior ATH of like 30 bucks or so. Started watching it daily after that on bitcoinity charts and saw the bubble in April 2013 to 266 firsthand, followed by the devestating crash to 50 bucks. Decided then that I wanted to buy some with my tax return that came in May 2013. Held through the Nov 2013 bullrun and didn't sell a single coin, lost 2BTC on gox but kept a chunk. Bought more in late 2015 and early 2016 when I thought the chart looked good and didn't sell a single fucking coin until early 2017. Scaled out of most of my position in 2017 at a relatively shitty average cost but no one in the universe saw this thing going all the way to 20k so I don't feel bad. Probably got an average fill of like 6k/coin max

thanks user. whatsup with all these so called experts calling 1k or even triple digit bottom?

mobile.twitter.com/jcho710?lang=de

Right now the news cycle is muh Russia buys Bitcoins and muh BAKKT. That might be enough to push it to 6k. Then they push it down, buy it up. Then approve ETF to push their bags up.

I think it's the same as when you saw people calling 50k, 100k, 1m at the peak of the bullrun and a sign that we've reached bottom or at least are close. I mean, everyone that called for 50k+ was incredibly wrong so why would the people calling for sub-1k be any different? Same category of emotional reactionaries that don't know what they're talking about.

There's incentive for smart money to crash it down to 1k to buy it up.

this.

just look at the inverse chart and tell me it isn't bearish

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I think the picture-perfect bounce on the 200 week moving average tells you everything you need to know about where we are in the cycle. Smart money loaded the fuck up there.