We are in a text book descending triangle right now. You know what happened last time we were in a descending triangle...

That's not even the right pattern. the bottom of the triangle is not flat but ascending

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Man you must have a hole the size of a golf ball in your brain if you actually think that.

This u fuckin brainlets lmao

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You fucking permabull smooth brains. I am trying to help you out. The market structure is fucking obvious and you know what is right at the end of the triangle? Its almost like the smart money did a complete perfect set up to trap all the dumb money in a bear market rally. You walked right into a giant bull trap and they are going to be laughing all the way to the bank.

no one is using bitcoin, except for gambling.

What you're failing to grasp is that we're now fully back in a bull trend. As a result, periods of consolidation like this current one are far more likely to break to the upside. Shorting here is a path to imminent liquidation

you bears are genuinely delusional. smart money is bullish macro and that's all that matters. there is simply not enough selling pressure below 10k to generate a real 2018 style dump into the sub 8.5k range.

btc/usdx is more like

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My theory is that bulls dont even look at the chart. Otherwise how can you look at this chart and think this is bullish?

yeah, it's consolidating for another move up and looks primed for a breakout. I'd be shocked if it trended down so close to the halving. How far up are we going from here to the next stop?

I think miners are raising prices as we get closer to their supply being cut

wat cooms next?

Probably because we rallied from 3k to 13.8k pretty much one-way with no real pullback, and even now have just flagged sideways at ~10k. Imagine being stupid enough to think this is bearish lmao

> how can you look at this chart and think this is bullish?
Higher lows, and, more importantly, halvening soon NIGGA

the triangle is setting higher lows, everyone know it could break either way stop larping like you know TA
someone needs to explain inflation and central banks to you, they're the gamblers.
How many $ will ever be printed? Clicked? I know how many BTC and so does every other person.
we've been in BTC for years bro, how many times have we seen BTC stair step up like this before the halving? The chart isn't bullish or bearish short term and all traders know the breakout and go either way from a triangle.

If anything, the lows are getting higher, showing sellers are losing steam and can't touch the previous bottoms
Look at the chart again, bobos

18K based off fibonacci lines

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New friends should listen to this. It clear OP is an idiot.

Someone or something is deliberately painting the triangle, that is for sure. It’s too perfect to be done naturally

Since it’s a bearish pattern I suspect they will pump out of it to like 11k to liquidate shorts, and then dump massively

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We are not in a bull trend, holy shit. This was obviously a bear rally and its coming back down. When you have descending triangles in bear markets they always break down.

>This was obviously a bear rally
When was it obvious? at $4k, $5k, $6k, $7k, $8k, $9k? Or was it after the 30% drop after a 4x? 4x in 3 months, cool off for 3, and you think it will drop another 30%.

If BTC bear rally takes you to a 3x on the year why would you hold anything else?
Did you bobos miss all of 2018? That bear market was obvious and the bottom was too

It was obvious from the start of the run up. We never capitulated and had yet to put in the true bottom. The market literally can't become a bull market until it does. Now just look at the structure, its playing out exactly as a a bear market rally ends. We are not in a descending triangle after hitting a blow off top and its about to collapse again and bakkt is going to be used to do it, which (((coincidentally)))) opens right at the end of the triangle. Its so obvious this was manipulated from the start and you bulls are the suckers.

not = now

how is bakkt going to be used to drive down the price to 6 or 3k like you have been predicting for the last 3 months?

WTF do you think happened when futures opened up last time? Bakkt exists for institutional money to put their full weight on bitcoin to short it.

Are you retarded or just blind? You're ignoring the massive red arrow at the left of your image that says initial sell off. We didn't enter this triangle from above

Where were you? Many thought $5k was the bottom before the BCH wars sold BTC to pump each fork. Then we hit $3.2k in dec 2018, 3.4k in march because the bulls wouldn't let it stay low.
These cycles take year on BTC, you can't call bull and bear in a month. BTC does 75% of it's time in bull season, and goes up the same before losing 25% to consolidate before climbing the next step. It's based around the supply that the miners are selling on to the market.
it's not, he's acting like they can control BTC through paper trading. You either buy in and play or play the paper version which has no effect on real price.
BTC did 20x it's previous ATH. What do you think happened?

They used futures to short the market from the top you retard. Now they are going to be able to do it with real bitcoin. What do you think is going happen when they are selling massive loads to make the price go down. They are going to shake everyone out until its at least 1k.

L O W E R
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H I G H S
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Is This going down for real?

>Its so obvious this was manipulated from the start and you bulls are the suckers.
this is one of BTC's biggest lies. Manipulation happens on the short term but the whales can't do much to BTC because of all the buyers who aren't traders.
Traders sell, some may stack but they're always selling. Traders can drive down the price but only so far when 3rd world countries are paying premiums for BTC. It drags BTC price up.

Anyone shorting BTC is getting eaten alive by hyper-inflation. Bakkt is more likely to FUD price down at launch so their clients buy cheaply and their charts look better.
and higher lows
let them, I pray to god this happens. They can only sell into my orders and the market wont crash for long.
It might scare people away but the volatility is why I joined crypto. I have buy orders all over the place, crash the fucking price, please. Still will only be 21 million BTC.
How many are you going to get?

And higher lows, what's your point

Burn BTC down to a penny, 10 year flashback. I'd spend over $100k if BTC hit a penny. I have the assets

>btc will go to 1k
Oh I see you are mentally challenged sorry I asked user

People waiting prices under 3k seems retards with a lot of fear to buy last year at these prices.

The dump from 6k to 3k was a extremely rare situation due to BCH hard fork + masive BTC selling from Faketoshi and high volatily from alts bagholders

Now there are no reason to recover there prices due to intrinsic value of BTC (power * time).

The most paphetic error in this board is ignore that bears and bulls ARE THE SAME PEOPLE. This market is manipulated with whales, now bears will not create a new downtrend without reach before a new ATH.

I only can expect a correction to 7.9k, nothing more.

> Sorry for my bad english. This board tilt me.

it's been like this since April, they really didn't want the calm crab period that everyone was expecting

My point is

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if Tether gets fucked, we might even see $6K. But you're right, it's not coming back to $3K for a long time. Possibly never.

>The most paphetic error in this board is ignore that bears and bulls ARE THE SAME PEOPLE. This market is manipulated with whales, now bears will not create a new downtrend without reach before a new ATH.
too fucking smart for this board.
No whale keeps his stack by fighting the market. There's a time to short and a time to long BTC.

no one is using their gold either dumbfuck.

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he doesn't get it that we get more gains when we hold it and not spend it.

God help the linkies if it breaks down. When an alt is in a downward spiral and BTC goes down sharply, it basically is like fuel on fire. Link will go down to under a dollar in that case. I'd get the fuck out.

so to fit your bias, you draw the downtrend using the candles on a closing basis but for your ''uptrend'' you use the wicks? that's how bad you have to cope to pretend that we're not playing out a descending triangle formation.

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>God help the linkies if it breaks down. When an alt is in a downward spiral and BTC goes down sharply, it basically is like fuel on fire.
true, this might be the worst time for a BTC crash for LINK. If it did go to $3k LINK would sell off or close shop

>no one is using their gold either dumbfuck.
Get an education before posting fag.
Au in EVERY smartphone
Au in medicine
Au in dentistry
Au in electronics
Au in jewellery
And finally you utter dumb fuck GOLD is a real store of value and the actual definition of “money” for 6000 years.

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really because the jewelry stores say otherwise.

What the fuck are you even talking about ?
I’m literally wearing a 18k gold watch now. And I’m not even a jewellery fan.
You fast food service employees shouldn’t be allowed to post here

>Au in EVERY smartphone
>Au in medicine
>Au in dentistry
>Au in electronics
add all that up and it's 15% of uses, some estimate lower.
Gold is speculation and jewelry. BTC is easier to store than jewelry and more trustworthy than paper gold.
When you flee a country they can't confiscate your seed but they can take anything you carry on you. Venezuelans started trading gold for BTC when the soldiers started taking all their gold.
You keep your shiny rocks but makesure to hide them well