Bitcoin Thread

SaiyanZ

SaiyanZ

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*SynergyX* said:
its over bought on all time frame beside the weekly and its still not dropping.. .reminds me of the last bull run.
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I still think there's something major coming. A drop maybe. Check the two circled areas below. The price action was very similar except for the move up last night instead of down. Also compare the volume done at the recent bottom vs the previous one. Not much volume done at the recent bottom.

EFuGX2FQ
 
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L10Yn

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I think there's still a bit of steam in this run which could take us to mid 9000's or higher. Don't see us going past 10k without at least testing the log trendline again which could then possibly be your last time to load up before Moon.
 
SaiyanZ

SaiyanZ

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Something else to consider are those longer term EMAs like the 200 EMA which the price reacts to. Those are all still on an upwards trend because they include the huge bull run in November/December. Once those fall out of the equation the EMAs are going to fall pretty fast leading to lower level supports and resistances.
 
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*SynergyX*

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SaiyanZ said:
Something else to consider are those longer term EMAs like the 200 EMA which the price reacts to. Those are all still on an upwards trend because they include the huge bull run in November/December. Once those fall out of the equation the EMAs are going to fall pretty fast leading to lower level supports and resistances.
Click to expand...

what you must consider is this move is by no means "organic" as they say.

the single candle bursts point to whales playing games, with the rest just supporting the move.

only a matter of time before the long red appears.
 
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L10Yn

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It better dip below 9k one more time, I forgot to use a Vegeta meme this time....
 
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L10Yn

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SaiyanZ said:
Something else to consider are those longer term EMAs like the 200 EMA which the price reacts to. Those are all still on an upwards trend because they include the huge bull run in November/December. Once those fall out of the equation the EMAs are going to fall pretty fast leading to lower level supports and resistances.
Click to expand...

Well on the daily the 200 starts from when the price was around 5k, over the month and a half after that the values were still under the current 200 day EMA, so those will actually fall out first.
 
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*SynergyX*

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alts havent started to bleed yet ... which is odd.

when that starts to happen more fuel for the rocketship
 
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Sly21C

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I fear this is a bull trap, a lot of people will get burned by buying at the top
 
SaiyanZ

SaiyanZ

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Sly21C said:
I fear this is a bull trap, a lot of people will get burned by buying at the top
Click to expand...

Yeah like me. 10 minutes after I buy it gets dumped out of nowhere. Big volumes too so not sure what is going on now.

Edit: looks like whales playing games. Already recovered and going even higher.
 
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