BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY...

I did it.
I sold it all.
I'm out.
6 months of fucking bullshit, not making a fucking cent, it feels good to finally be done.
Luckily I didn't by the peak in December like a retard, so i didn't loose much. At the most like $600, which is less than one wagecuck paycheck for me after taxes.
And i'm not done completely, I don't think crypto is done or dead. It's just fucking retarded to hold on though consolidation and a raging bear market. If it goes back on a bull run and is on an upward trend month after month, great I'll buy back in. If it continues to drop and bottoms out at 4k or lower, great I'll buy back in and ride things up. Just sitting here, Holding bags is fucking retarded. And it it's really all over, and I missed the boat, well at least I walked away with most of my investment.

Attached: 1422530468680.jpg (960x540, 39K)

uh, actually elliot waves don't work at all and we are in a bear pennant (the upper trend line does not start at 20k...) which we broke down with this move. I'm not sure if you should take financial advice from fucking Jow Forums.

That's what everyone was saying about +7000k.

I think it's in the weeds now, and who knows where it's going. I was expecting it to pop up after the weekend like it usually does, this is new territory.

sorry, I meant that we were in a bear pennant. we're not in it anymore.

No one gives a fuck about your $600 pajeet poor cunt bags

guess the bull run is about to start

correct, right after we went to 4-5k.

>tfw you missed btc at 7 million dollars

willy woo and tone vays and all the top crypto speculators are calling the bottom between 4500-5k, so it won't get that low.

just bought 100K

hope to allah you're right

my wives are getting restless

OP is wrong. See pic related.

Attached: bearish pennant.png (297x290, 24K)

I mean, in a way you're right. but anyway, even if it's a few hundred above 5k it's still a long way down.

But didn't we already break down?

you are wrong, pic related

Attached: Ross-6.jpg (1024x597, 188K)

Herr durrrr. You got me there! Ayup!

Fucking children.

The bottom of the wedge isn't that steep and the green arrow is where we are right now with a low RSI. According to you it should've just bust through 6600. It didn't and it formed a new higher low comparative to last two bottoms.
Also you can still draw a wedge from 20k with 3 confirmed points now.

New wedge. 3 lows of 5900, 6400, 6600. 3 highs of 20000, 10000, 7600

Capitulation

tradingview.com/x/rdASbYZL/

Thanks for the new perspective
Didn't those channel get invalidated though after the price left them?

Also I'm trying to draw it myself, how did you fit that channel from 2k so nicely in the picture, I can't scale it properly

>7000k
Ultimate pajeet

Mods please give us flags so we don’t have to resort to these methods to find street shitters

This is what I get. Maybe my screen is just small but I can't fit it in, pretty sure I have to what you have?
What do you think about the bottom support from a new low on 6600 instead of being broken? I haven't received feedback on it from anyone yet.

Attached: test.png (1058x589, 88K)

right click on the price scale and select log scale

Aw, is someone's fee fees hurt?

Aw. Poor baby.

LOL.

>$6700
SELL SELL SELL!

Neat, thanks. Never used log before. Going to spend some time learning the differences between the two tonight.

I think it's only useful for long term trends. I'd use linear scale for TA on the range from 20k to now.

Well I just noticed the lines get fucked switching between the two.
This is what how I've been using TA for the past 4 months. If unsure I fall on horizontal res/supp lines and RSI. That's it. If you say use linear then I say we are still in the wedge until 6400 breaks.

Attached: test 2.png (1007x544, 74K)

>This Is How You BUY BUY BUY BUY BUY BUY BUY
>Girls Will Notice You BUY BUY BUY BUY BUY BUY BUY BUY
>Girls Will Chase You Once You Do BUY BUY BUY BUY BUY BUY BUY BUY

It was a sign.

Attached: what the fuck hiroshimoot.png (1311x208, 100K)

This isn't too bad either if you go long term like you said. I guess you can see what you want to see but still. Seems similar.

Attached: test 3.png (1062x589, 98K)

Top kek

Yeah, the lines get fucked up. I'd recommend to use the chart of an exchange that you usually don't chart on for the long term log scale TA.
I personally don't like how you've drawn the blue bottom trend line. It doesn't even touch where you've written 6400. If you draw it that it touches, then we broke it already IMHO. But here you use wicks, you can also draw it without wicks, then we haven't broken it yet.
Horizontal support and resistance lines are always king. Trend lines are far less reliable. Also, you can do good risk management with horizontal lines, which is the most important part in trading.
Keep in mind that overbought doesn't mean much in a bull market when you use RSI. The other way around for a bear market of course.

what is that supposed to mean you fucking nigger? are you retarded?

Learn elliot wave before you become an even bigger brainlet, ABCDE correction is a thing and involves a sym triangle, although crypto is so driven by speculation nobody knows.

>It doesn't even touch where you've written 6400. If you draw it that it touches, then we broke it already IMHO. But here you use wicks, you can also draw it without wicks, then we haven't broken it yet.
The fact that so many people prefer to use wicks or no wicks usually leads me to believe it doesn't matter, it's close enough, even horizontal supp/res are never dead on. I just view it more a mark a +/- $100 or so. Furthermore, we bounced very predictably off the top and didn't free fall while also falling on a support line so that makes me more confidant that we are okay for a little while at least. If it is true however that the 6400 doesn't touch at all then it just becomes a wedge with two points of contact instead of 3 which is still good to me and allows me to look out for a 3rd point of contact in the future.
>Trend lines are far less reliable. Also, you can do good risk management with horizontal lines, which is the most important part in trading.
I've really been practicing this, I've finally gained the confidence for a swing trade, been buying since 7500, I was wrong in guessing that 7000 was the bottom but I didn't fomo in up to 7600 for once.

>Keep in mind that overbought doesn't mean much in a bull market when you use RSI. The other way around for a bear market of course.
I didn't know that, I was wondering though because RSI was so bloody high for so long in Dec.
Thanks for the feedback, I waste a lot of my day looking at the charts now and get a little defensive sometimes.

Attached: 1521742035741.jpg (1024x577, 65K)

Elliot wave is one of the most unreliable textbook signals out there.

But go ahead and 100x long this, champ. You're clearly a smart person with amazing TA skills if you're still in crypto June 2018.

500BTC were just sold at bitfinex...

I mean, I'm not pro either, so don't take what I write for granted.

>wicks or bodies
What I've found works best is to use bodies with the time frame that gives you the prettiest charts. Sounds stupid, but works surprisingly well. The same goes for support and resistance (but you have to use the same time frame then for confirmation).

>RSI
The RSI in December is exactly what I've meant. However, to be honest, I think that we're in a bear market right now and therefore a oversold RSI indicates a strong down trend to me right now.

And because suggested to learn EW. Don't waste your time on that, it's shit and doesn't work. There is a reason why no serious trader uses that shit. It only "works" in hindsight.

AKA 50 btc short with 10x leverage.

Enjoy poverty

I do like to use bodies more often than not.

>The RSI in December is exactly what I've meant. However, to be honest, I think that we're in a bear market right now and therefore a oversold RSI indicates a strong down trend to me right now.
Overall, I'm starting to be weary of the 30 RSI level as we come to the end of the wedge, times might change and everyone and their dog knows about 30 RSI. One day everyone is going get rekt trying to time it

Also, I went through my EW phase already and as soon as I got burned once and told that I just don't know how to do it right, I dumped it.

this guy searches alot of redpill/ how to get laid articles on the internet... only way you would get these ads rofl

beta male

I bought in December 1st, still have no idea how any of this works, and am up 6x.

If your still around here's some historical RSI including Mt.Gox. 30 RSI has only been a trend since around 2016, used to dip down in the 20s. Something to watch out for I guess

Attached: Rsi.png (1016x324, 52K)

financial darwinism

Kek

This is the only worthwhile comment on this whole board right now.

If you are dumping your bags into sub 30 RSI you deserve to be poor.

Attached: pepechina.png (861x914, 88K)

God bless that Chink who made that observation.

TA is mostly a self fulfilling prophecy. The same case was with that meme about 6th day of each month (february, march, april, may). Everyone was saying, that 6th of june will be a pump, but it was the whales who created this prediction, and used it against dumb money.

>RSI
Holy fuck you fuckers are retarded if yoy think any professional looks at RSI

Well it keeps working for me

new resistance at 7k - prepare your shorts.

>elliot wave

Attached: 51aK47dksCL.jpg (500x500, 34K)

he is a Japanese you retard

>muh it's a lagging indicator

It's a meme but it works because it is a self fulfilling prophecy. Why do you think BTC stopped dumping today? For fun?

Attached: tendies.jpg (2100x1500, 1.38M)

I'm a leaf learning Japanese.

Attached: 1528653107386.png (657x526, 35K)

I did it.
I sold it all.
I'm out.
6 months of fucking bullshit, not making a fucking cent, it feels good to finally be done.
Luckily I didn't by the peak in December like a retard, so i didn't loose much. At the most like $600, which is less than one wagecuck paycheck for me after taxes.
And i'm not done completely, I don't think crypto is done or dead. It's just fucking retarded to hold on though consolidation and a raging bear market. If it goes back on a bull run and is on an upward trend month after month, great I'll buy back in. If it continues to drop and bottoms out at 4k or lower, great I'll buy back in and ride things up. Just sitting here, Holding bags is fucking retarded. And it it's really all over, and I missed the boat, well at least I walked away with most of my investment.

Should have sold 2 days ago instead lol

You'll be fine, check back on some months.

Thank you for your sacrifice.

here

That's indeed very interesting. In general I think that what we have right now has some similarities to 2014.

We are almost ready..

lol me too, gonna leave it open

5800 here we come

>All the brainlets on biz keeping their shorts open expecting lower lows
Time to go long