Bitcoin Thread

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*SynergyX* said:
this could be the bottom for now... lots of buying in 8800-8900 range

/but i see massive bearish divergence too:whistle:
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good call on the bottom ---> also great example of how bitcoin ignores bearish divergence.

may yet still drop again with volume coming back. but that 10k level is a magnet i tell you!!! a magnet!!!
 
SaiyanZ said:
It makes buying on Luno a big risk now. Rand about to correct as well as potential for BTCUSD to drop further.

Edit: Situation looks similar to yesterday morning. Smaller bear flag looks complete. Think we will only go to $8750 based on this new flag.

FiecGtdb


Bigger descending wedge fits in with the bear flag.

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Tracking below the resistance but in the form of a bull flag. Something's going to give soon.

3VVlaz9Z
 
*SynergyX* said:
good call on the bottom ---> also great example of how bitcoin ignores bearish divergence.

may yet still drop again with volume coming back. but that 10k level is a magnet i tell you!!! a magnet!!!
Click to expand...

I think more likely down now because it skipped the last move down. So it's now overbought and doesn't have enough power to break that downwards resistance.
 
SaiyanZ said:
I think more likely down now because it skipped the last move down. So it's now overbought and doesn't have enough power to break that downwards resistance.
Click to expand...


getting some good upside on alts at the moment ....

(BCH - specifically) - getting pumped the way btc should be

/maybe its alt season again:p
 
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sometime alts are a pre-cursor for bitcoin ... lets see

this cash pump is really mind boggling -- wonder who is backing it this hard
 
*SynergyX* said:
i think thats broken now no....

dont count out the bull yet---
Click to expand...

Yeah it broke out with volume. Now needs to go above $9200 convincingly as there is still a chance of forming a wedge. I bought a little. Can't sit on the sidelines forever. :D

n0RYv0DS


If it drops it should find support on that line now at about $9150
 
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Hitting the resistance perfectly.

k4PCKGPG


Still ok to go up but that ascending wedge might cause trouble.

XUuNKk9k
 
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currently printing a h&s -- could this be the final nail for the drop...or will the bulls defend again!!!
 
My "prediction" it will hit/touch on 10K sit there a little bit and then the final Armageddon will happen, BTC needs to k@k before it gain raise again, these scams needs to die out, people has to be frightened, reputations shattered, give me a sub $5k BTC before the next bull run, this is a bear trap.
 
*SynergyX* said:
currently printing a h&s -- could this be the final nail for the drop...or will the bulls defend again!!!
Click to expand...

Breaking through that resistance was fairly significant I think. It fell because of the wedge but should go back to test the downwards resistance and break it again. So new path to $9300 in green.

0gX3mjqk
 
*SynergyX* said:
currently printing a h&s -- could this be the final nail for the drop...or will the bulls defend again!!!
Click to expand...
Right now BTC is a good little hamster keeping the wheel running while alts show real nice movement. Let's see...I don't really mind if it tests one of the sub-$9k supports again, possibly the 50 day ma (yellow line below). Or lower?

Daily chart...
daily.png
 
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interesting to note the MACD cross over on the daily - every time that has happened in the past has led to down down!! if the bulls dont flip it back quick you know what comes next...

Your new TVC.png

hehe charting skills right there....
 
*SynergyX* said:
interesting to note the MACD cross over on the daily - every time that has happened in the past has led to down down!! if the bulls dont flip it back quick you know what comes next...

View attachment 518439

hehe charting skills right there....
Click to expand...

Those were continuations of a downtrend. Could happen again now. Though resistance broken again with volume:

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So far so good. Some weird volatility there though in the last few minutes. Something is brewing.

J3rQ6Yk0
 
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