50 day MA about to cross the 200 day MA. This is a huge sell signal for wall street faggots and its extremely bearish.
See how we are hugging that 200 day MA and not bouncing hard on it? We did the same back in january with the 100 day MA and it can only last for a couple of days before its not support anymore.
A couple, but we usually break down before the cross. With futures coming this week and next week I don't see how we can pump hard and break free of 50 day MA's resistance and stay above it. mind you the 100 day MA is also acting as resistance now since we are below it
Josiah Reed
Yes nice trendline, but the more you sit on a trendline (support), the more it tells you that you are about to break it
No idea how low but below 8k
Christian Powell
good then I can hodl my shitcoins, they'll crash, I'll transfer the rest to bitmex, lose it and then kill myself. I'm tired of life
Grayson Wilson
Why not tether up, take a comfy break, come back, buy low and watch it pump back ?
Xavier Flores
I never used tether and I'm in the market since May. People who are tethering up is the exact reason why we crashed. I'm not joining them, not ever.
Leo Jenkins
Btc went from below 1k to 20k man, a correction back to 4k is not out of this world, remind yourself that btc is just a speculative asset right now. No one really uses it, just speculators
Thomas Clark
You're an idiot if u believe Tether is the reason why we crashed u fucking retard tether market cap is 2.25 bn dont buy the fud learn how markets work idiot boi
Jason Lewis
>doesn't understand how marketcap works hello brainlet
This is crypto. Thus you have to use a maximum 4 hours chart.
Samuel Rodriguez
Lol you started doing TA two weeks ago? Can't tell if noob or stupid.
Matthew Davis
when this happened recently, there was a big drop before the cross. this time there will be a pump to squeeze the shorts and kick off the bullrun bears btfo
Cooper Taylor
I'm tethered up and been shorting since 11.3k on and off ( don't short if you are not experienced). I'd say tethering up right now is the move, worse case you buy back if it shows strength and closes above the 50 day MA, retests it and bounces up from it.
Elijah Brooks
Started TA a year ago, only crypto. I've been making more good calls than bad ones. About 75/25 I'd say. I don't claim I can call tops and bottoms but overall trends. I use a mix of TA and market sentiment. I mainly use ichimoku, rsi and moving averages. Whats wrong with my post?
Carter Powell
2 minutes are over we are going down AAAAAAAAAAHHHHHHH
Noah Richardson
I don't understand why you guys are calling for a bullrun, you do realize we just had an insane year long bullrun?
Camden Peterson
not only am i calling it, but it will last for more than 3 years