Bitcoin Thread

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Lol @ this Bio guy, I actually find his posts entertaining, he's very consistent when it comes to making a fool of himself with his comments and predictions.
 
Made some fairly accurate micro calls in the last day.

Before:
lgnSnwam


After:
mqiE7BnV


Before:
7vfLQisC


After:
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All in this thread:
https://www.tradingview.com/chart/B...angle-Next-big-move-gives-direction-for-year/
 
Classic Ostrich formation.
This price needs to move sooner or later.

ostrich.png
 
Just noticed that the RSI has just hit 70 on the daily chart. Interesting to see that there has been a lot more buying than selling recently ,although on lower total volume. When we went from $6k to $11.8k in February the RSI didn't reach 70. Also when we went from $9.2k to $11.7k in March. The last time we were above 70 RSI was in December.

BLhpUSl4
 
Next few days are going to be fun... lets see how many times we can bash our heads on that 7.8 zone, do or die time, either we're breaking through it and head towards 5 figures again, or we blame voicy again for logging in and breaking everything
 
I see potential for another double-top. Price action is similar to what happened twice before. RSI on the daily is also now higher than it's been all year. We could be getting set up for a fake breakout like previously with another double-top around $8200. Whales will offload in the orange bubble whilst people buy into their walls thinking we're above resistance and are breaking out upwards.

awxLphw3



Edit: It broke out above the trendline today just like before. If my theory is correct we should be close to the top and in the equivalent green bubbles now.

KIOd7cxn
 
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SaiyanZ said:
I see potential for another double-top. Price action is similar to what happened twice before. RSI on the daily is also now higher than it's been all year. We could be getting set up for a fake breakout like previously with another double-top around $8200. Whales will offload in the orange bubble whilst people buy into their walls thinking we're above resistance and are breaking out upwards.



Edit: It broke out above the trendline today just like before. If my theory is correct we should be close to the top and in the equivalent green bubbles now.
Click to expand...

Yarr, need to drop a couple of hundred and test that 7.8 region as support and bounce to remove the 'double top drop', only then can we proceed without 'fear'
 
About 2k BTC worth of shorts was opened on Bitfinex last night when the price was around $7700. Think they're going to get squeezed soon to around $8200. We must be close to their stops.
 
SaiyanZ said:
About 2k BTC worth of shorts was opened on Bitfinex last night when the price was around $7700. Think they're going to get squeezed soon to around $8200. We must be close to their stops.
Click to expand...



looking to short anywhere between 8200-8400.
 
*SynergyX* said:
looking to short anywhere between 8200-8400.
Click to expand...

I'm waiting for a quick flip. Buy between $7700/$7800 and sell around $8000/$8100. Depends on how far up we go before dropping back to $7800.

Edit: I see the Rand just strengthened over 1% in the last hour. It will hinder the run on Luno and cause a big dump if the USD BTC price starts to drop as people will surely do arbitrage.
 
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