It's a double bottom fags. We are now nearing #2. Fasten your seatbelts pepes and wojaks
It's a double bottom fags. We are now nearing #2. Fasten your seatbelts pepes and wojaks
Agree. Crybabies should get a job at McDonalds and stay away from muh crypto. It’s a great time to be alive boys. I’m gonna stock up and see you at the Lambo dealership.
People always talk about bull traps and no other analytical aspects of the market. I'm fairly certain we are now bouncing back from #2. Congrats hodlers.
Double bottom means we're going the fuck up again you brainlet
Even better, the second bottom was higher
I missed it :-/ oh well
boomer analysis doesn't apply to cryptocurrencies
Then it's not a double bottom you twat
Volume will pick up soon anyways, I have no doubt that everything will be A OK in at least a few weeks.
thats because it hasn't bottomed yet
People just make this shit up when they happen to see a pattern occur more than once by chance right?
We went past the support level last time, so the new support level is either lower or we are in a bull trap.
Most patterns are caused by human psychology so yes they do. Even more so in a highly irrational market like crypto.
yeah all successful markets use the same chart... thats a fact going back to the like 1600s
>study TA
>see meme pattern, market bout to go up!
>whale dumps his bags
>lose money
How do the TA tea leaves handle this scenario?
Yes, the market is global and unregulated so the manifestation of natural human psychology is magnified in crypto
It’s a descending wedge! Wait no its a slice of cheese and its time for wine AHHHHHHHHHHHHHHVB
We might be here (pic related).
If we end up actually equal or higher, we're out of the worst, but if we break through the previous bottom, it's time to run for the hills.
you sure it's not gonna double top at 15h?
I'm gonna buy in now at the bottom, ride out for a couple of days and cash out. Bitcoin will crash below 9k in January.
You fags are hilarious TA never matters "unless it supports muh magic internet monies!
bitcoin isn't a stock
checked
You forgot the pic man.
it behaves like one though
also if that's your argument I guess it discredits OPs thesis too as it's based on stock market pattern
it's a weird combination of like digital coil, currency (but not a good one at the moment), and one or two other things
it's literally a new asset class
just because some patterns are universally similar it doesn't mean it behaves like stock
s/coil/gold/
>it's literally a new asset class
based on faggotry
the cycles are virtually the same though, the only difference is that they pass much faster (and thus are a little less predictable, also due to influx of inexperienced investors I guess)
at the end of the day it doesn't matter if it's stocks or bitcoins that is subject to speculation
Double bottom on all charts up to 6h, RSI oversold on 12h and 6h ... Fags who sold gonna be sorry
double bottom confirmed, sell all your bitcoin
we are going down lads