BTC trying again but the resistance at 12k is a massive hurdle. You see these thin needle wicks on top of the candles? That shows sell pressure and that's the reason why I'm not bullish currently. If a weekly candle can close above 12k then I am. Good opportunity to let loose a big short.
Massive resistance at 12k on the weekly
Luis James
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Josiah Turner
C'mon let's have an educated TA discussion about crypto for once.
Isaiah King
yeah the resistance is pretty strong but i'm sure if we don't breach it this time we will soon and $16k in october is going to happen
Colton Myers
>Jow Forums
>educated
pick one
Benjamin Brooks
it will sooner or later. 12k is hard resistence and i'm looking for a short around here.
Charles Nelson
>educated TA discussion
it's astrology mate
Brayden Roberts
I'm pretty sure it will touch the 6k support area before that.
Sebastian Thomas
Chinese whales will be buying back in at 10k
Blake Martin
It's not. What you see is all these attention whores claiming to know something because their elliot waves depict long term outcome of BTC, that's astrology. You cannot depict the long term outcome of BTC with TA, that's true but you can make educated guesses on short term movements and then make trades that favor probabilities. Like now, it's a good spot for a short.
David Richardson
will never get to 6k again. i dont see it going anywhere lower that 7800 at most.
Caleb Jones
>I'm pretty sure it will touch the 6k support area before that
I'm pretty sure I will touch your mom's dick before that.
Blake Turner
Don't say that. Anything is possible in crypto. people told me that it won't go bellow 10 ever again and we all know what happened.
Christian Robinson
Those are the only levels worth watching
Benjamin Nguyen
true we'll see, but i tend to agree with this user.
Nolan Evans
TA literally means nothing here. What matters is what all the different whale factions are thinking about doing with the price. There are in no particular order:
1. Chinese mining whales
2. Exchange whales/tether whales
3. JPM/Goldman etc..who suppress the price through CME futures
What all these different groups intend to do with the price is beyond me, but what I do know is that the banking cartel will not allow btc to go to its all time high anytime soon. The 14k resistance is likely to not break, so if you put a short in with 19k liquidation around here and hold long enough, you’re guaranteed to make good money
If you put in a tighter short you better close it fucking quickly and put in a tight stop. It wouldn’t be much of a stretch in my mind to think we’ll break through 12k with all the Chinese buying pressure
Brody Thompson
*breaks your resistance*
nothin personelli
Blake Moore
Central banks can't manipulate what they don't own. There will be no price suppression.
Jayden Ross
Fucjing LMAO oh my sweet sweet summer child
Hudson Parker
is this clever bait or just genuine stupidity?
Asher Flores
>but what I do know is that the banking cartel will not allow btc to go to its all time high anytime soon
kek, that comment reminds me of youtu.be
Noah Rogers
starting at 49 seconds*
Nathan Stewart
I guess we'll find out in 10 hours time.
Caleb Gomez
Agree OP. I am bullish btc as long as 10800 holds, but 12k is some serious horizontal resistance as well as if you connect the 14k high there is a downtrending slope that converges also at 12k. If btc breaks above this, then I see no reason it cannot run to 14 or 16k, but I am betting on a pull back from these 12k level to maybe 10800-11k. If it gets more serious and a larger pull back I am watching 8800-9k as next support and ultimately 7500. I do not see this going under that in a worst case scenario.
Nathaniel Scott
Astrology actually has a far better empirical dataset and structural basis
Colton Ward
no need for more
it's almost as if this market was completely manipulated to induces theses kinds of patterns
Jason Jackson
No it’s the truth actually. Naive one here is you my friend