Reminder the downtrend is literally over

Reminder the downtrend is literally over

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no shit. this happened last year as well. during the summer we saw the markets volatile, but trending upwards. stagnation in the fall followed by massive spikes in november/december

are you sure about that

youtube.com/watch?v=0rwZeTccJ34

>TA

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that is a big line

Far too abundant white space, the majority of the triangle is not completed. Read the 'Crossing' section. It literally says to avoid your triangle

For you.

im okay with this

im also retarded (forgot pic)

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you could put the horizontal line on the $8000 dollar line and just call the dip to 6K as anomalous-- then the triangle's white space would be a lot reduced

Friendly reminder that one line on a chart is not analysis

Lol You think your TA work. We're in a manipulated market and just went through a massive short squeeze. Theres no way that pattern has any statistical relevance under current market conditions.

>low volume before the breakout
>already broke trend
>broke trend with that low volume
????????????????????

>had literally the highest daily volume in BTC history, in a single 1hr candle
>low volume

What is a short squeeze

you idiots.
Try looking at a log chart.
Downtrend isn't broken.

you need to review how chart patterns work, pleb

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by stagnation you mean gonig from 2k to 4k (disregarding the additional bcash gains)

>This is important: ... Avoid descending triangles with abundant white space.

interpretation F-, please come back next year

Google it you twat

wew lad

Varg is love

>had literally the highest daily volume in BTC history, in a single 1hr candle
What's the point of lying when it's so easily disprovable?

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(Obvious)
--------
(You)

isn't this just soros whale looking at the chart and calculating how much is needed to pump out of that triangle and then manipulating the market?

This.

The trend has broken out of the triangle before and it went down 50% from the peak of this "breakout"

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Learn to trendline, learn to TA, learn what log vs auto means. Learn that log is what any professional such as myself uses.

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What is a rhetorical question?

so were going to 6500?

When is not a question I can answer, How much to pay is. Pay 6500, when it gets there.

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hey numbnuts, when we go back down the downtrend line will just be from the latest peak

You like log charts? Me too. Here's a log chart for you user

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>Theyre posting their lines again

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TRULY THE GREATEST ASSET OF OUR TIME

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Help a brainlet out and tell me wtf I’m looking at? Looks nice

>using linear

You fucking plebs.

Reminder the downtrend is literally over

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The erect benis formation

Bought 100k sats

Long term logarithmic growth of bitcoin relative to price. Basically it’s predicted that we’re hitting (at least) 40k in December before the true bear market begins

Um that chart shows $125k in december.

Right it’s actually predicted to be roughly $125k at the peak but I think that’s a little high. You’re correct though

So what now we consolidate for 2 years yeah great fucking thread what a waste of time thanks for letting me know in time so I don't miss the 2 year long fucking dip

Chart is also bullshit. Bitcoin is finished. Why the fuck would people buy bitcoin for 100k? Yeah I get they can by .1 for 10k that's even fucking more insane.

You guys have completely lost your minds and I was here when eth was $7. Absolute deluded. LINKIES are more sensible than this shit.

Make me bellieve we have even a iota of a chance of being that high by december pls

My sides

>The number just LOOKS too big
Absolute brainlet detected. Further, eventually even laypeople will stop thinking in terms of whole bitcoin and will start thinking in terms of sats. At $1MM/btc 1 sat = 1 penny USD.

REMINDER THAT OPS A FAG

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For me, accepting that anyone can be so naive is very difficult...So you really believe this market is going to magically go from here to 40k this year, after the massive Fuck around that happened this, people are just going to FOMO in at high prices, even though we all know now, that the price could just tank 70% from there and stay there?

Wow! Fucking idiots!

You could have said the exact same thing hundreds of times by now. In fact, many people did (including you, I'm sure), and now we all laugh at the screenshots. It isn't going to 'magically' get to 40k, it's going to get to 40k after millions of people around the world buy bitcoin, including large-scale investors. Due to the current lack of liquidity in any crypto market pair, it's much easier to pump BTC than any other monetary asset. And that's going to happen. I know it's difficult for you to accept, so take it slow.

Wrong.

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this guy fucks

lol

..that actually makes perfect sense lol

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trips confirms
kek

Quads confirm too
>check em

HOLY FUCKING SHIT CHECKED

What is autism

Lmaoo

it had the highest volume 1HR candle ever i think. what website is that?

i really hope someone buys my bags when btc hits $1,000,000

WHAT
THE
FUCK

Wrong, downtrend is over once we hit 4-5k, which is despair. We still have quite a few months before Dec pump.

>Quads confirm too
Holy KEK user, well played. Checked and confirmed.

checked and kekked.

IT HAS BEEN CONFIRMED
HOLY SHIT
THE UPTREND HAS BEEN FUCKING CONFIRMED ALRIGHT

aint nothing but a chickan wang

It's a trap, despair is 3-5k, once we hit that we'll see a reversal and then a pump Nov/Dec. It ain't rocket science, kids.

market manipulation goes both ways
>oh noes

I've been expecting this for the past few weeks, but I'm still holding.
Maybe this time it won't happen, r-right?

>Maybe this time it won't happen, r-right?
Oh user, when will you learn...?

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Reminder that you literally can't TA
We were rejected at log resistance last time and we will be rejected again

I would be more worried if we were at 8.1k in October, that to me means it would keep going up up, but mid April? Nah.

absolutely checked.

checked kekd your mom fuckd

kek

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now try switching to LOG charts and look at your trendline again

lol you fucking noobs are going to get so rekt

I agree that we're still in a downtrend, but can you please explain to me the reason why logs are more useful?

because the work better for long term charts

use LOG for 1D/1W charts
don't use log for anything sub 1D

this is the real trendline

prnt.sc/j6bxui

Thanks for the explanation. So it appears we haven't even broken through the downward trend line when we look at the log scale.