Bitcoin Thread

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Knyro said:
Crazy how low volatility is compared to last year. There were days where I could scalp 10+ times a day easily. Everything pretty much died since we dropped below $10k.
Click to expand...

Time to get a job.
 
Something of interest. Big money has been quietly leaving the market ever since we went above $7800 two days ago. So distribution is taking place whilst many are FOMO buying. Over 10k BTC has been offloaded. It's also very similar to what happened at the previous peak at the end of April. So my best guess right now is that $8500 was the top of this run.

JlVRd4Yi
 
Don't even need to check BTC charts - just need to see when last someone posted here to know what the conditions are :).
 
Some analysis while we wait.
Classic Goofy formation the past few days.
Where to next?

GOOFYbtc.png
 
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I bought this dip. Bulls are looking strong. A few reasons I think it's worth the risk:

- We've just made a higher low with decent volume.

- The price action is similar to the previous double top where we don't drop any lower before making the next peak and we keep making higher lows.

- There is heavy hidden bullish divergence on the RSI which is also similar to when we had the previous double top.

N7fgmJ3v


I post more often on Tradingview now:

https://www.tradingview.com/chart/B...angle-Next-big-move-gives-direction-for-year/
 
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