This Just In, TA shows Bullfags UTTERLY BTFOd

Price and RSI and MACD divergence is one of the easiest ways to tell if you are in a suckers rally, and we have divergence on both indicators. You can check the 30 or 45m timeframes and you will see it develop on the 1h timeframe soon enough. Longfags will be BTFO'd. Book your profits while you can and wait for a fundamental change in price accompanied by appropriate changes in RSI and MACD before you leverage in. Usually this type of divergence has three peaks, and we only have one more peak to go. Get out within 5 hours or stay poor.

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u are so wrong, 10k next week, fucking screenshot this.

Can you explain why a lower rsi while having a higher high isn't bullish? I never understood that. Same with macd, you'd assume it would mean there is more upwards potential.

thanks sold 100k

Did you also notice the non-existant volume after the pump? We are under every version of death cross possible, this is just the exchanges coordinating to lower their exposure to shorts.

Shhhh, I'm not done selling my bags yet...

says the increasingly nervous faggot for the seventh time this month

MACD and RSI are ways at looking at the momentum. When the momentum is declining but the price is increasing the price is basically sprinting past its capabilities. Often you see the MACD just drop like a rock, RSI as well. Same with the volume. Volume should increase or stay level.

Basically the foundation is crooked when price and RSI/MACD peaks are not agreeing and the price collapses with its shitty foundation.

I wouldn't look for divergence on the lower timeframe charts. You're not taking into account the variation that occurs due to the open and close of the U.S., European and Asian markets.

Ahh thanks.

How much are you trying to unload?

Two hundred plu....er, I mean, zero. Zero user. Now is the time to buy! Buy buy buy everyone!

>Did you also notice the non-existant volume after the pump?

This is how I missed the initial climb from 200 to 600 when it reversed after the crash few years ago. I didn't buy in because there was no volume, but the price still kept on pumping.
This is how it's going to climb at the beginning.
Sideways and then a green dildo, rinse and repeat until normie money starts flowing back in and adds some actual volume here.
The volume is going to be total horseshit for a while to come.
I'm not saying that this is a certain reversal, but the volume isn't an set in stone indicator you should be looking at here, because this is manipulated to hell and back.
At the moment whales own the coins and basically everyone else has been shaken out of the market, so you won't be seeing a ton of action on the volume side.

Thanks I will follow your advice

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I shorted bigly and I am 50k under water. This divergence is basically the only reason I haven't take a lost of 50% of my retirement.

not gonna buy in after this shitcoin pumped 1k$ in a matter of 20 mins.

I seriously hope for the rare legendary Bart to appear.

This sounds reasonable

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MILKY MILKY WARM AND TASTY!

MOMMY! MILKY! PLEASE BE HASTY!

REFRESHING DRINK FROM MOMMY'S UDDERS!

I WANT MOMMY'S AND NO OTHER'S!

GIVE IT! GIVE IT! GIVE IT NOW!

GIVE ME MILKY, LAZY SOW!

UNTIL YOU DO I'LL SCREAM I'LL SHOUT!

I'M CRY I'LL WHINE AND STOMP ABOUT!

UNTIL MY BELLY IS FULL AND HAPPY!

I REFUSE TO TAKE A NAPPY!

We had to double touch the meme lines before going back down, hope you didn't fomo in

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We are under several different versions of the death cross. Weekly and Monthly MACD look like hell. We have no build up in volume plus divergence suggesting this pump will erase most if not all of its gains.

There is enough suggesting this pump is just leading to a dump, and as many of us think, this was just a short squeeze. And it didn't lead to a long term reversal. It will be done in days, not weeks or months.

What is your price prediction? About $5.5k

just epic

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speed bump at 5.8k but down to 5k

Agreed. My target is 5840.

10K this weekend, shorts will be btfo once again

10k this weekend, 70k in July

Lmfao

Good effort but I am telling you, to track these movements you want to see your divergence on the 15 to 45 minute time frames. Those are the sensitivities you want. If your time frame is to low there is no divergence and longer timeframes are not sensitive enough either. Take this as a lesson.

Definately the first one is wrong.

>short is underwater
>stuck in fiat
>draws chart in the only way that supports my position

you are fucking retarded

Did TA predict the 1000$ pump this morning? No. Just sit back and relax or KYS, wannabe intellect

If we break 8k then yeah were going to 10.8k. But we need a lower low unless BTC is actually finished.

We will break 8k in less than 4 hours from now

Not my TA, but others were predicting a short squeeze based on the all time high number of shorts and lack of price action. I looked at the charts a few weeks ago, thought it would be down in a month and put on my position. I left myself enough margin equity that this could pump about 40% and I would be safe.

Remember, bear markets start with a bang and they end with a bang. There is so much institutional money waiting on the sidelines and with countries creating their own regulations (Australia, UK) the investment climate will become much more favourable for institutional money.

An user's TA did predict the pump this morning.

Pic related.

Forgot pic.

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For his sake and all the longs in this thread I hope he got out.

I agree. If people aren't shorting now, they should be out.

Based

Problem is that shorting is the obvious move at this point which is scary...

The board sentiment here is terrifically bullish. This may drop and start a more fundamental rally, or it can continue to tank. My TA prediction is basically the majority of this rally with vanish and my overall sentiment is bearish for the month.

i hope you're wrong
im cool with bear markets, but it's been months and shit is getting boring.
it's fun to see everything surge

volume spikes are good indicators to use during panic drops, as the indicate the peak of panic selling and then corresponding massive buying and fomo as it bounces right back

this nice move up did not correspond to a panic drop. this move corresponded with a continued rejection of a lower price level at a strong suport level formed off of the last peak and minor dip before the bitcoin bubble ran straight into the clouds non-stop, and the lower portion of the biggest panic drop we've had, as well as the 350 day moving average which is also the 50 week moving average
this kind of support being shown on the longer weekly timeframe are what institutions and the smart guys are looking for.

they are looking to make money by establishing 1 to 3 month positions and managing risk and hedging. this is how they ensure returns with minimum risk.

note that when the cash settled CBOE and CME futures opened, we entered a bear market equivalent in size to the last bull market and that lasted about 4 months, which is exactly the time frame that the big players like to work with

now that they have had their profits, and price is low, and awareness has spread to major govt organizations, big players are making moves to take long positions at or near the bottom of the next couple months of upward movement.

it won't be one big dildo, and it won't initially show on the indicators,
but small positions will be taken, price will increase, and when that increase isn't rejected with a corresponding dump more it signals lack of sell strength and confidence to move from a small test position to fully scaling in the tiny fraction of big player's portfolios that they will allocate to crypto.

meanwhile retail investors (who just got burned shorting) are now looking to make back their money and with such an "obviously unsustainable pump" will bet against it making tiny percentages during consolidation periods while we see the recurring green dildo-consolodation

>meanwhile retail investors (who just got burned shorting) are now looking to make back their money and with such an "obviously unsustainable pump" will bet against it making tiny percentages during consolidation periods while we see the recurring green dildo-consolodation

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look idiot, you can't even read your own TA
on the steepest downward yellow line, after the first two touches including the first point at the start price broke above that steep yellow line.
we are currently at the third touch (including the first point) of the middle yellow line, and saw rejection of a drop below the bottom green support line.
that's confirmation of price strength, not weakness

and what is your point?

>Bouncing off overhead resistance is a confirmation of price strength.
Wat? And the man cropped out his price axis so I asked. I am not going to waste my time guessing which line is which when I can just ask the man if it lines up with my overall price predictions.

I am not agreeing with the man, just attempting to translate
>you are as dumb as that cunt right there.

This guy fucks

Look up divergence.

You say they are looking for strong levels of support like not dipping and holding steadily after the pump. But you don't know if the price is just not getting rejected because of manipulation by the same people that actually have the capability to pump and incite enough FOMO for a 1000$ pump in 20mins.

I mean when their game is to signal "strength" of the asset, of course they keep holding it on that price level no matter what. So what happens is not quite a guarantee. And I'd be VERY wary of another Bartening now, since the price just moves accordingly to liquidate shorts/longs in a dramatic way.

It is just 50/50 again. Many people now just think its another Bart and will stay away. But in order to get exactly people to FOMO in again there might be more pumps around the corner.

RSI is a massive meme and is a weak predictor.

It is a little worrying how its still going with such low volume and rsi, dump may be incoming

What are you talking about?
Used correctly, it is one of the best.
I hunt for RSI divergence.

By itself it can be frustrating. Divergence of RSI, price and one other indicator are a strong (not perfect) predictor that your rally is on a bad foundation.

>He uses the one minute chart

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Zoom out idiots . 15 min chart lol

Oh you guys weren't here yesterday? The normies were all learning how to short Bitcoin.

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7/10 people here are bitcoin bears

Kys fucking shorting faggot

ZOOM OUT YOU FUCKING RETARD.

11k this weekend BUY BEFORE YOU MISSOUT COINLESS FAGS

If it shows at the hourly/4 hour I might sell but 15 min divergences are too unreliable.

We are already dropping. The pump is best viewed on 15 or 30m candles and so the short-term correction is best viewed on 15m or 30m candles