Looking at the four hour chart, you can see that BTC 0.30% has formed a bear flag consolidation, after failing to breakout above the inverse head and shoulders pattern on 3/5. Looking at the action inside of the bear flag , you can see that BTC 0.30% has produced several failed attempts to successfully rally out of the flag. Resistance has been found at the 50 EMA (in orange) and the current candle is a borderline bearish engulfing candle, that has pushed BTC 0.30% back into the body of the flag. The only thing holding BTC 0.30% up at this point, is the 20 EMA (in blue.) As I'm writing this, the 20 EMA is actually being pierced. So, if we get some candle closes below the 20 EMA here, the next stop should be the pink trendline , as it converges with the 78.6% retrace. Below there, we should see a bear flag breakdown. If this bear flag does break down, we are very likely to see test of the low on 2/6, meaning BTC 0.30% will likely fall to 6,000, or lower.
If you focus on the broad picture of the chart, you can see that BTC 0.30% has just failed at my infamous green trendline . The last candle rallied up to it, touched it, and now we've plummeted lower, printing a bearish engulfing candle in the process. Technically, we appear to have just popped out of the bear flag , to confirm that trendline as resistance. That is very bearish price action, and if this current candle closes below the 20 EMA (in blue) we are very likely to see sustained downside action. I'm the master of the charts, the professor, the legend, the king, and I go by the name of Magic. Au revoir.
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***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
no thanks either ur a jew wanting my coins or plain stupid
Carter Brooks
i wish it was a trick. Seriously this thing is going down into the depths of hell
unless you are shorting get just get.
Luke Wilson
>"Get out of the market" >At the end of a sustained eighty-day bear run during which time there were multiple opportunities to sell higher than today's price ok
The public has lost hope in the product. There are whales manipulating the market and mass shorting everything. That is not even counting mount gox faggot who could sell shit anytime.
If you were right with the straight line, these dips before were bouncing off of nothing. At the time of the pump, these were even considered as big events, not just small dips. = you are plain wrong
He is right. The bigger picture is important. Whales have proven they can control btc's price up to 1000$ +/- They have a hard time changing the general course though.
Blake Diaz
why stop there?
Ethan Rodriguez
Because he said EOY? Do you even read?
Noah Morgan
TA fags are abject retards. Price is dictated by news and the whims of chinks and whales.
It’s hilarious watching these idiots do an end zone dance when they “predict” the price will go up or down, then it turns out it’s because huge news came out.
Ethan Jones
is it common to swing trade btc with tether in a bear market or is it impossible for brainlets like me due too much "manipulation" ?
BTC at 8k was pretty safe to buy back in. Who knows if it still holds true though.
Liam Wood
no you're just a stupid larping idiot, we're historically low and oversold from stolen BTC being dumped and from cleared fake FUD. Crypto was just given the okay by USA/EU/JAPAN/CHINA/SK, robinhood and square are opening their own exchanges, ETFs from coinbase coming soon
and you think we're going to 6? I don't give a shit what the fuck your meme lines say, they completely ignore the fundamentals at stake. Consider suicide by trying to convince the fuckers here to sell low. One fucking wallet just bought a billion dollars worth of BTC at an average of 8k, selling now is literally giving your money back to the fucking kikes. These next 3 years will probably be the final exponential bullrun for BTC and you're conning people into dumping bags at a historic fucking low. In a decade most crypto will move like traditional commodities and stocks.
He litterly posted the headline: >Bulls on parade at the top on 11.6k, fucking dumbass and he's still holding on to that inverse H&S, he's got a lot to learn imo nevertheless I do think its going lower aswell.
Hunter Martin
LOOK AT FUCKING BINANCE
THE SITE IS LOADING LIKE SHIT AND THERE TOKEN IS EXPLODING
EITHER THEY GOT HACKED OR THERE WAS A MASSIVE SELL OF CRASHING THE SIGHT AND INFLATING THERE TOKEN.
>draw random line on an asset that is purely speculative and dependant on hype/FUD and is also prone to manipulation by big players >"this is my bearish prediction according to the random line I drew!"
Than why we're whales trying really hard to push the price above the 200MA a few days ago (failed) and we panicked down to 8.4k.
You people that think that TA is a meme are the most ignorant fucks I've ever seen. You don't even know the purpose of TA do you? You think its some astrology shit?
it indeed is astrology. you fucking try to predict the future with fucking PAST events, not taking into account that single individuals can manipulate the fuck out of the market like Mr Gox boy. So you are retarded if you think it actually works in a reliable way more than 50%.
Ian Evans
now that this TA is gaining traction, whales will use this opportunity to JUST all the shorters
screencap this
Austin Sanders
everyone laughed, but Bigdoggg was right
Asher Ramirez
nope
Charles Sanders
exactly this. because of this reason if a certain "TA" has too much sentiment and people do too much "monkey see monkey do" then obviously they get rekt in the 5d chess game. as everybody could see in the last days with the massive liquidations whenever too many shorts or too many longs were up.
