In cash since 5k

Yeah that's it, let your emotions affect your trading decisions even more. That's what you're supposed to do, right?

2015 bottom: touched the 200-week moving average on oversold weekly RSI

2018/19 bottom: touched the 200-week moving average on oversold weekly RSI

really makes you fucking think

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$2k is inevitable.

options, futures, etfs really easy if you go to the right exchanges and watch earnings reports.

On top of the fact that at the bottom, we'd already replicated the 2014-15 bear market in terms of both drawdown from peak and length of time. People who were calling for sub 3k were fucking retards who had no concept of history

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holy shit. i usually don't look at technicals at all (stockfag) but that's some crazy correlation. how often do you use those predictors to analyze the market of coins?

Technicals are all that matters in crypto. This should be somewhat self-evident given that crypto has no underlying cash flows or earnings that can be used to derive models of objective intrinsic value. A lot of people argue this as a detractor of crypto, but I think it's a plus because it allows the price to be whatever the fuck it wants. If $100 for one bitcoin is crazy, is $1,000 for a bitcoin 10x as crazy? is $10,000 for a bitcoin 100x as crazy? There's no real cap on the upper bound for potential value outside of the amount of discretionary capital sloshing around the system looking for a place to park.

I've tried to study the past as much as I can since with Bitcoin you have the luxury of only needing to understand a decade of history versus 100+ for traditional markets. The 200 week moving average has been and will likely continue to remain iron support, so that was my idea of a target for the final bottom of the bear market. The 20wk acted as support for the entire way up the 2015-17 bull run, and resistance as soon as we closed below it for the entire 2018 bear market. We're now firmly back above, which adds to my reasoning for saying the bear market is over.

Those not already in position should look to add on a re-test of the 20wk MA, although it's hard to say how high that will be by the time we revisit it. Likely no lower than 5k

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I waited for this a long time. Feels fantastic being right and watching bears like OP get blown the fuck out.

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TA means shit you ungodly retard. Bitcoin is still the same dinosaur coin it was in 2017. Fees are rising and eventually volume will drop with it. Nobody wants to spend $10 to send $50

if i'm being honest i find it pretty incredible how clean that bounce is off the 200 week. still, i am skeptical as to how you specifically arrived at these numbers, the 20 week and 200 week. but technical indicators are only useful because other people find them useful, that is to say, any given indicator will only dictate the public's opinion of a commodity so long as everyone else uses that indicator to time their pricing moves. isn't it just as likely that next week the price will more closely follow some other arbitrary technical indicator and ruin all your predictions?

i do see what you're saying about the freedom of the upper bound without a fundamentals though. just trying to get a conversation going.

No such thing here, perma this perma that, fuck off.

>hurr durr lemme sell my digital money for fake inflationary digital dollars.
OP will never make it.

What does a bunch of squiggly lines and boxes supposed to prove? You're just deriving value out of your ass. Bitcoin is a Ponzi scam.

That's a pretty incredible amount of cope. Surely you have more than just your low-IQ opinion to back up any of those projections, right?

> but technical indicators are only useful because other people find them useful, that is to say, any given indicator will only dictate the public's opinion of a commodity so long as everyone else uses that indicator to time their pricing moves. isn't it just as likely that next week the price will more closely follow some other arbitrary technical indicator and ruin all your predictions?

Yes, but as with most things in trading, you need to stick with what works until it shows you it doesn't. If this shit was easy, more people would be good at it. So many people have trouble comprehending TA as if it's some magic shit when in fact it's exactly what you say, the fact that a number of people all look at the same things and come to the same conclusions as to how to act when it reaches those levels, which itself becomes a self-fulfilling prophecy. Bonus points for every time it works out, it draws more people towards following them due to prior success.

To be honest I'm surprised it was such a clean analog to 2015, and I personally expected to spend most of 2019 down at the lows and not a comparatively-brief 4 months, so even I was caught somewhat out of position (didn't get to buy as many as I wanted), but that's life. Everyone's got a game plan till they get punched in the face, as Mike Tyson would say.

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It proves I'm a better crypto trader than you and I've made more money than you in this market. Go back to r/buttcoin and circle jerk with the rest of those mouth-breathers about how smart you are for missing the greatest rally in human history these last 10 years from sub-penny to 20k.

Retard, you didn't prove shit when you posted your charts after a rally.

Plenty of those charts are prior to or during the dump with a clear theme of waiting for those two things I pointed out - oversold weekly RSI and a touch of the 200wma to begin buying. For what it's worth I snagged about 50k worth, hbu?

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Stupid faggot really, what bear imbecile, sigh.

You wouldn't be posting this if it was going down. Either way, it doesn't look like you've made a lot. Come back when your profits are above wagie salary.

just imagine all the headlines when we break 10k

Luckily I'm not stupid enough to make bad trades in large size :). $65k in 4 months is pretty decent complement to my wagie salary. Certainly more than you'll make all year lmao

Just hold it together retard when you see it you will know

Based TAanon dabbing on the bears

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shurgs, won't care at 100k either. What mattered is an entry around 5k not 10k.

huh. i don't really have anything to object to that. so do you occasionally scan other types of TA indicators to see if a different one is becoming more "useful"?

How retarded to think an asset that has gone up exponentially for 10 years continues.

I try and keep my mind open when it comes to looking at other ideas people put out but I try and stick to what's worked in the past and if that ever fails then I'll start thinking about next targets. As this bull run evolves it'll be important to see what levels we end up pulling back to, I'll evaluate further when/if we do

>T-T-THIS TIME IT'S DIFFERENT!

user, redpill me on log charts

they hold percentage gains constant so you can actually decipher what's going on when you look at the charts of assets that have grown exponentially

Thanks based TA user