Bitcoin's price was squished between the Weekly 50 MA and the mean reversion pivot to the downside. As soon as the 1050 period 1.25 standard deviation was entered, the uptrend ended.
Here's the previous thread.
Here's a collection of the resources I used to learn over the years, and some resources I've made myself.
I have to stress it. Don't go long until one of two conditions are met.
We are above the weekly 50 MA, or we are on top of the weekly 200 MA.
I'm willing to answer any questions you might have about this current move, though really. Go through the linked ideas since I probably answer your questions there.
If you are looking to short, a 105 period CCI crossing below the 100 value from above is your best entry. 5400 would also be ok, but I REALLY don't recommend using static values for entry. Use the CCI.
You were apart of the many reasons why I tethered up, wish I did it at 5600's rather than 5400's but oh well
Alexander Turner
this is not TA, this is a FA event though
Camden Bell
kek
Levi Morales
Minimizing losses are more important than maximizing gains. Though to be honest you should be expecting a 30% upside to your satoshi value instead of 32% so just savor the victory eh?
>Implying FA matters in crypto I demand to see the earnings and dividends reports if we're going to talk FA
Oh wait my bad you're right. These charts are identical because the exact same FA came out at the exact time so each crash pattern would look the same and respect the same pivots. News is used to herd the masses.
Hearty kek Trend lines are intentionally outdated and have contributed to the largest non violent wealth redistribution in human history. Read the article in the doc I have labeled “your TA is bad and you should feel bad.”
Adam Smith
Agreed. What are the biggest indicators to you that we will hit $4k or lower and not just 4200-4600?
Chase Hernandez
it’s the path of least resistance for net compression of a majority of distributional periods. It’s really cool how a lot of the edges of the longer periods 1.25 stdevs all align right around the 200 MA.
Also, pic related
A return to equilibrium is the most logical resting place for a market bottom.
There’s this fantastic phenomenon where the number of active wallets can be used as the same variable as available resources in viral propagation, with price being population. The way bitcoin price maintains the same ratio is uncanny.
Easton Hall
spoonfeed me user, do you have systems where you check active wallets and other data to trigger alerts for buying opportunities? what is your method/strategy?
Connor Martinez
Source?
Brandon Green
I respect the hell out of the TA but after watching all the big financial institutions move to support crypto in 2018 I don't think the market will continue on trends
