Bitcoin Thread

[broadone]

Bouncing off the 0.618 fib level perfectly :

https://www.tradingview.com/x/6JnbEQEE/

 

[saor]

Go on, fall through the floor already!

 

[*SynergyX*]

Go on, fall through the floor already!

i agree... hanging on by its fingertips

all sorts of bearish patterns -- friyay afternoon is a good time to dump

 

[saor]

i agree... hanging on by its fingertips

all sorts of bearish patterns -- friyay afternoon is a good time to dump

Timberrrrrrr!

 

[*SynergyX*]

just short it and forget about it

on that note -- still time for a bart today

 

[SaiyanZ]

It's making these half-assed moves. Will probably be back at $8250 in 10 minutes leaving people wondering whether to buy or sell.

I would have liked to be in cash now but there's no point in selling unless this thing dumps properly. Selling on the hope that it dumps more so that I can buy back for cheaper is pure gambling.

 

[*SynergyX*]

probably not this time.... like i said can only hold on for so long! tick tock!!

 

[*SynergyX*]

well it fell as expected...no surprises here...

one long order filled at 7950... have a few more below that. if we get no bounce then stop loss 7.7k

but i only expect to see some upside over the weekend....until then chop chop--> bart.

 

[saor]

well it fell as expected...no surprises here...
i only expect to see some upside over the weekend....until then chop chop--> bart.

Yup, tho that upside will probably stay within that channel again. Wonder if it'll make that final pop down or whether it'll form a 4th channel before dropping down.

 

[SaiyanZ]

Yup, tho that upside will probably stay within that channel again. Wonder if it'll make that final pop down or whether it'll form a 4th channel before dropping down.

View attachment 522371

It bounced exactly at the bottom of the wedge. There are also two wedges in play now. The target of the smaller blue one is the same as the failed breakout option of the bigger pink wedge. So could break out to around $8700.

Edit: A bit clearer. This is what I see:

 

[SaiyanZ]

I see the Rand just went up 1% in the last hour. As volatile as BTC.

 

[*SynergyX*]

it wants another leg up but resistance is holding up just as well as it did as support around 8150

 

[SaiyanZ]

it wants another leg up but resistance is holding up just as well as it did as support around 8150

I think it might break it. It's making a flag just below the resistance.

 

[SaiyanZ]

Making a push now. If it gets to $8150 this time it will make a long green bar to about $8300.

Edit: Rand also mooning. Last time it was at this level was in December 2017. So Luno price will spike soon even if USD price doesn't.

 

[broadone]

https://za.investing.com/news/stock...-for-biggest-weekly-loss-in-18-months-1158493

 

[saor]

it will make a long green bar to about $8300.

Optimistic .

 

[SaiyanZ]

Optimistic .

Ceiling is getting lower. Direction has to be chosen soon.

 

[saor]

Making a push now. If it gets to $8150 this time it will make a long green bar to about $8300.

Nice call .

 

[SaiyanZ]

Nice call .

Still has a bit more to do. Bulls need to get to $8300 to keep the momentum. If it drops from here we could have another 12 hours of of sideways...

 

[*SynergyX*]

well it fell as expected...no surprises here...

one long order filled at 7950... have a few more below that. if we get no bounce then stop loss 7.7k

but i only expect to see some upside over the weekend....until then chop chop--> bart.

cutting the long now.. nice catch this morning

but this 8300 resistance i dont have hope for