Bitcoin Thread

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*SynergyX* said:
first 2 are dojis -- which means indecision (bears and bulls tugging)'

the 3rd red one is a bearish shooting star -- but it needs confirmation on the next candle which it did not as the candle is still higher in the green if it closes lower then bearish confirmed.

the 4th one could be a bullish hammer -- but again the volume does not confirm it, hammers need high volume to be reliable.

60 minute at this point is not reliable - look at 3 ,4,6 hr charts
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Thanks. Zooming out it seems we are also consolidating in the region where BTC took off from 6 weeks ago. If it breaks below $7700 it could even skip $7500 and fall a long way to $7200.

i8hXmCPP



Edit: Testing resistance again:

qjZ9xWuK
 
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SaiyanZ said:
This is bigger picture I see for the next few days. Not looking great for bulls. If the fractal were to continue it would follow something like the green line. We are currently in the yellow region from last time:

K8Xk0SkS
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First target of $7600 almost reached.

Ul0udRVn
 
MAX PAIN!!!

at what point to the guys who bought the last dip to 6k start selling:crylaugh:
 
SaiyanZ said:
The guys who do TA. Those last few tiny candles on the hourly chart with spikes either way. That's a reversal pattern is it not?
Gtmgd1i8
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Looks like a shooting star followed by a hammer, bullish reversal indicator...
 
broadone said:
Looks like a shooting star followed by a hammer, bullish reversal indicator...
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does this look like it had a bullish reversal :D

this is capitulation!!!

on that note im out --- dont want to be greedy.
 
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weelzSA said:
Trouble as going down or going up?
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down -- no buyers coming in at 7600 at the moment and sell volume is increasing

but we due a bart as well...so lets see what sense of humor the whales have

stacking some buys now in case this doesn't hold -- 7.5 down to 7.0 get a good average price.
 
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If you ignore the Dec 2017 parabolic anomaly, we're potentially still in the same uptrend :).
Until that line gets broken...

uptrend.jpg
 
Knyro said:
Anybody that bought at $6k but didn't sell when we failed to break $10k only has themselves to blame.
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They still have the opportunity. If I was still holding I'd be looking to sell as soon as that major support at around $7500 is broken and there's a close / open below that line.
 
*SynergyX* said:
down -- no buyers coming in at 7600 at the moment and sell volume is increasing

but we due a bart as well...so lets see what sense of humor the whales have

stacking some buys now in case this doesn't hold -- 7.5 down to 7.0 get a good average price.
Click to expand...

well 1st limit buy hit at 7.5 ....sooner than expected. but these whales are relentless today
 
weelzSA said:
I’m watching patiently waiting to see when I should buy in.
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they could shove this right down our throat to 7.2 in the next few hours. not counting it out.

dumps have been happening hourly 5:15ish , 6:15ish, 7:15ish etc.
 
*SynergyX* said:
they could shove this right down our throat to 7.2 in the next few hours. not counting it out.

dumps have been happening hourly 5:15ish , 6:15ish, 7:15ish etc.
Click to expand...

Yeah I’ve noticed that too.

I was waiting since last week to get in again around $7700 and that came and went quick so now looking at my next target. Don’t want to be greedy either and miss it all...
 
rsi is extremely oversold at this point -- any dump now is just them sticking it to the bulls coz they can.

edit : and bounce on point --- wait for rsi to climb abit and dump again:o
 
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*SynergyX* said:
rsi is extremely oversold at this point -- any dump now is just them sticking it to the bulls coz they can.
Click to expand...
I'm placing buying orders at $6700'ish for the lolz and switching off.

jumper.png
 
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