Take a look at this >bitcoin breaks resistance in early 2013 >bounces right off that line later that year >goes parabolic until it runs out of steam and hits its true resistance >slowly bleeds out until 2015 when it hits that CRITICAL line again >fails to bounce so it immediately dumps hard and the previous support becomes resistance >finds original support below that line >slow and organic growth until mid last year >breaks previous resistance and immediately goes apeshit >new money stops coming in so it runs out of steam again *we are here* now it will either >manage to find enough investors for a bounce, revitalize the mania and go to ~30k >fail to bounce and go straight to ~4k with a slow recovery, probably taking at least a year to go above resistance again
THE NEXT WEEKS ARE ABSOLUTELY AND UNIRONICALLY CRITICAL FOR BITCOIN
All I ever do is look at Bollinger bands and trade accordingly. Why is this simple minded approach actually working?
Henry Mitchell
Greedy. You wouldn't lose out on much if you put it at 3900 in the grand scheme of things, but there's a chance it will never fill this way
David Diaz
Is volume just completely relative or something? How come the volume bars are at the same highs in 2013 as 2017?
Henry Young
>look at my autism lines
no one cares, these are by far the most obnoxious threads we have every fucking day. im convinced the only ones who make them are boomers in their mid 20's that think they'll get rich by being autistic about TA, when literally all of Jow Forums got rich off of basic pattern recognition and unironically spotting the best moon shots together. stop shitting up the board with this shit.
Bitcoin has changed significantly over the last year, at a basic level. This chart reprented the price for a useful, fast, cheap, peer to peer electrnoic cash not controlled by any central authority, with growing adoption. With the advent of segwit, 1mb block cap, and other code changes, this is no longer true. The underlying code is not the same, the underlying asset is not the same. It's if like gold has all suddenly changed at the atmoic level into lead, a sort of inverse-alchemy has happened to bitcoin, because you don't have good future expectation of always being able to move your coins around cheaply and quickly and permissionlessly anymore. Next time there are many transactions, you may have to pay a $200 fee to get on the next block. And even then you might wait for a day. So there is no reason to expect the chart to follow the channels anymore. Bitcoin has degraded, at the code level, it's like if this chart was for wheat, but in 2017 all the wheat worldwide started growing a new strain of disgusting mould... Why would you expect it to follow it's pervious price patterns? Demand is going to disappear.
Luckily, there is a version of bitcoin which is still keeping to the fundamentals of electronic cash which produced this chart. It's the real bitcoin. Cut this chart at 1st of August and put BCH chart on from there and you will be able to make realistic price predictions!
Juan Powell
BTC is literally the original chain you nigger. You're trying to argue that BTC hasn't kept up with increasing demands and hasn't adapted bigger blocks, while also somehow trying to argue that it changed in some way while Bcash is remaining true to the original BTC. You can't have it both ways. Also >permissionlessly Holy shit is this what cashies actually believe? Embarrassing
>don't ignore my autism lines >months before crypto goes parabolic
retard.
Matthew Foster
Your graphs are a meme mate However the point is that crypto is cyclical. John McAffee isn't gonna be eating his dick if you know what I mean
Blake Bell
You're soon going to be asking permission of mister bloomberg to send your coins over the lightning network.
Bitcoins functionality HAS changed because the corrupt puppet devs refused raise the blocksize: because of that fees went through the roof and bitcoin could no longer function as peer to peer cash. That one line of code was never supposed to be a permeanant limit, and the only thing bitcoin cash has done is raise the block size. Meanwhile, BTC needs a whole new white paper becuase it doesn't follow the original white paper anymore. Remember "it doesn't matter what code changes are made, anything with BTC symbol is the real bitcoin"
Jacob Hill
You're actually a complete fool. Swallow a revolver.
Bentley Reed
THE MORE IT DUMPS THE MORE IT PUMPS AND THE MORE I CAN BUY
WILL SOROS LET ME THOUGH?
Xavier Cox
>moving goalposts What happened to "the underlying code is not the same" and "other code changes" (examples???)? You're actually trying to argue that something that hasn't changed isn't the same because it didn't become what you wanted it to be. It's like saying gold coins aren't real gold coins anymore because they don't have the word "goldcoin" engraved in them, while you just made these new and shiny coins out of copper that do, and therefore they are REAL gold and gold stopped being gold (despite not going through changes) when it didn't do what you wanted it to. Astonishing mental gymnastics.
Grayson Taylor
keep up the cope poorfag. maybe one day your autism lines can 10x your 100$ investment.
John Harris
you do realize that reality is what your concious makes it to be to you, right? you do realize that things like money, state, religion, rights and even freedom are just things someone came out with in his head and convinced others it was real, right?
I think we should start banning TA fags, or create a containment board for them
Bentley Morales
I'm surprised that all the TA "experts" congregate here. There are much better circle jerks such as the YouTube comments section of a DataDash video.
Jaxon Stewart
>Omg I figured out what Bollinger bands are Yeah kid, sure, Bollinger bands is an insanely simple strategy. I'm sure a brainlet like you can become the next buffet with it >Pls stop devalueing my profession as a real trader
Gabriel Young
Shorting is the only way to make money in Crypto now. Shorting literally is the new paradigm of crypto. I’m going to spread this on Twitter, Facebook, YouTube everything everywhere. Everywhere and everyone, Short short short short short short!!!!! Short to -$0 !!! Until not even 1 penny is left and then the BTC ceo will owe me money :) Did you not hear that everyone is shorting now? Omg like shorting is brilliant! BTC will ofc go down forever. You didn’t think that it would stop going down did you? Didn’t you hear? $5k by end of minute, $4k by end of hour, $1k end of day, and triple digits back to sub $100 end of week!! Shorting is the best way to success!! I’m writing a book on shorting. Shorters, bears and bitmex foreverrrrrr and everrrrre!!!
Christopher James
go back to /x/
Jack Ross
Yes, that's why we can do the same and make ourselves rich and happy.
