Unironically the last support

yeah, it's not a exact science. Just wanted to point out that we're still ok if 7200 falls

True. What would you consider the absolute lowest point? I'm thinking 6600 since that's where it bounced twice already, but with shitty volume like that I can't see it doing it the 3rd time.

Worst of the decline will probably be over by year-end and then perhaps 6-12mo of sideways consolidation at the 200 week MA like last time.

oh, okay

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If support bottoms out around 7K the new low is gonna be 6300... If we dip below that twice after we first touch it that'll mean the moon has be aligned with Ares while converging in the house of Athena. The way I see the trend going is that if we can get a whale to soak some tea leaves in goat urine, then burn the extract of that over some fat from a boar, not a pig, a boar; then we should see ley line energy pick up while activity from Xarthon is reaching it's crest. When this happens all we need to do then is blow out the 20 candles of Nyarlathotep and appease the ancient ones hunger inbday of blood letting then we should see the planets fall back into the abyssal pattern needed to overcome the Gnishian invasion while at the same time preventing a karmic feedback loop that would bleed into our realty disaffecting the whole market

In other words boys, it's going to be a bear market for a while but there's light at the end of the tunnel.

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Finally someone with common sense.

Not sure if trolling

that 666 year old boomer who believes everything the fed says

If you guys can predict the market why are you not rich

Nigger do you even TA?

silly faggot

this is biz where everyone makes 6 figures even without crypto.

The way I see it, things are running similar to 2013 in the sense that both times, we tested the 50 week moving average, grinded along, and broke out in what turned out to be a bull trap. Then, once the weekly 50 was finally breached, it was pretty much the beginning of the slide all the way down to the 200 week MA where we languished for another full year. If the analog holds true then this weekly close below the 50 will signal the beginning of the end, and you might want to start thinking about setting bids at the 200 week MA range which would be roughly 4500 or so by the time the price gets there. Likely final bottom will be lower on a panic spike to like sub 4k or something along those lines. No point trying to catch the absolute bottom though, im personally going to start accumulating for the long term again at anything sub 5k.

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>Log chart

You're fucking stupid and anyone that uses it is stupid.

Imagine being this dumb... walking in front of trains dumb

Please explain to me without using memes why log is inferior. You understand log holds percentage moves constant, right? Which is all that matters?

My TA agrees with you...Hanging Sayori Pattern on all charts, exit all longs!

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Except it doesn't? 19k -> 7k is roughly the same as the drop from 1k to 300, but on the log chart the drop is much more severe for 2014 than it is for 2018. It makes people look at it and go

>LOOK HOW HIGH IT STILL IS, IT NEEDS TO RETEST 500
which is fucking stupid because the % loss is the only thing that matters, not the number or how it looks on a chart that makes moves more and more compressed the higher the numbers get.

Imagine being this fucking stupid. 2013 peak to trough (excluding panic stab to 150) was 1185 to 200 bucks. That's an 82% decline. We've currently gone from 20k to 7300. That's a 63.5% decline. To complete the 82% decline we'd have to go as low as 3,600 which is pretty much what the 200 week MA predicts you fucking brainlet.

Learn about statistical analysis, brainlet
Linear is inferior because % growth/loss is more informative than $

muh lines

If BTC price starts hitting the upper $6Ks, that'll be too sweet for accumulators to ignore. Fucking fact. We've bounced off mid $6K twice this year, 200MA be damned.

> in a market where whales shape the charts like their favourite cartoon characters
> thinking TA means fucking anything

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They'll get dumped on just like everyone else. Literally no chance its going to hold very long in the 6k area again a THIRD time.

He's talking about breaking a trend line that's held for about a year now. If it does break then shit we're in for a melt down. So no its not outta his ass baka.

Also notice how the 20 week MA held perfectly as support for the entirety of this bull run (late 2015 - late 2017) and now the 50 is beginning to give way as the 20 acts as resistance. Literally no part of this setup looks good and bulls aren't going to pull a rabbit out of their hat a second time (that $1000 hourly candle short squeeze is gonna happen in reverse this time, if at all).

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Yep. If we fall through we’re fucked, but 6k is a good buy price, we might have support. And well just bounce between 6k and 8k for the remainder of the year

probably going to 3.5k, but we'll bounce. no worries, homies. buy the dip and you'll ride the bounce

Accumulation, for what? The new unicorn, the "Golden Bull Run"? LOL. You're purposefully setting yourself up to being the last bagholder. There's a slow, orderly march out of the market, has been going on for two quarters now, and there's no sign it's changing, other than the pathetic dreams and wishes here.

Anyone who still holds a significant amount of bitcoin loves your dumb ass, you'll buy them out before it plunges even lower.

Accumulating a depreciating asset is not investing, dummy.

Blockchains aren't useless. They're good for things like shipping and inventory.

Now, for fake currency? Yeah, you could argue it's worthless for that. Bitcoin was an interesting experiment, but it's on a slow death march.

that's cool. you can exit the market if you want, but i don't see why everyone else needs to agree with your opinion. people have been saying what you've been saying for years and years.
t. 2012

"I don't care what you say, mommy said I'm a special prince, so nyah nyah" is basically what you just posted.

not at all, actually.
i just said, if you want to bail, that's up to you. but why do you feel the need to insult everyone else who wants to see where this is going, like you're better than them?
you're trying to play this like i'm spazzing on you. not really. you're the one tossing crap around at everyone else. chill.

This. Blockchains is a Rube Goldberg solution to a problem that's already solved.

You don't need a bull run to make money off a swing trade from $6.8K to $7.2K. Even if it is a depreciating asset, it's not a straight line down, dummy.

A potentially really strong buying opportunity coming up and you guys are predicting the apocalypse...never change

That's not what i claimed, stupid. Go make neckbeard strawmen somewhere else.

this is how you make money

Crypto is also a lot more useful this time around and its easier to see that its not just a fad. Smartcontracts, supply chain management, fully anonymous coins, etc.

Of course some still believe its a fad, but there are less of those people this time around.

>Smartcontracts, supply chain management, fully anonymous coins, etc.
9.99 out of 10 people's eyes will glaze over faster than if you started reading them agriculture laws from the 1800's.

Nobody cares.

you're retarded

it's like a currency with no inherent value is volatile or something

Sell then I guess?

Your going to start using blockchain without ever realizing it. Intel is already making these little "crypto anchor" chips that let you tag products on a blockchain. What RFID did for computerization, these are for blockchainization. They will be stuck to the packaging you throw in the garbage and you will never even notice. Meanwhile someone is getting rich off this.

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Technology using blockchain has nothing to do with bitcoin, dummy. And, I never said the blockchain had no use. But I guess when you have nothing else, just make shit up, right?

I never once mentioned bitcoin. In fact I specifically mentioned there were many new coins this time around that were more useful than bitcoin which is why its less of a fad.

Why dont you move the goalposts a little farther.

ITT butthurt bagholders whose hands are getting weak

Trips of truth underated post