I'm pretty sure were meme'ing a head and shoulders. Huge market buys got us past resistances and they appear to be collecting shorts. I dont tihnk the bear is over quite yet. Careful bros.
I never use the 5 min candles... but goddamn in this kinda volatility... yes plz..
Big uhoh. Much down 12.9k-13.1k restest. Things are going to get ugly over the next few days.
I'm tired of looking at every bull'tards chart where they somehow finagle an obviously bearish chart into a "MOON!" chart.. We're breaking down in ~5-7 days. Target: 10k with an 8k overreach. Ezpz short life.
This is a classical head and shoulders. Volume is very low right now and the panic is going to settle in. I expect bounces at 14200, 9900, and 8300. This is going to get turbulent. Be careful out there. New money isn't coming in because they're scared and the braver ones that havnt sold will panic sell. Institutional money is going to capitalize on that so I'm...
BTC Bulls are insane for thinking this kind of growth can be organically grown. We need a retracement. Every time we should of had one we had another thing on the timeline to look forwards to or FUD about. BCC, BTC futures news, CPOE opening, CME opening... well now after the CME we have no more news. Whats left to pump us other than industry? Stacy from Walmart...
With segwit2x coming up and BTG ready to hit exchanges anything can happen. TA suggests we'll be going up a little bit before anything drastic happens. Target 1 is 160k sat . With OMG releasing their new roadmap this week I expect us to go Target 2 180k sat . If this roadmap shows delays we're going down down down. Set a stop loss at 130k-135k sat. Happy trading!