floatingturd

floatingturd

...be the only thing holding this little rally up. It's the shitty brown line on my chart. It has been keeping bitcoin up since December 17th. What makes it interesting to consider now is the fact that it has only been a greasey shit rope for the last few months. This rally will definitely be over if we break below it. Resistance is strong at 4200 and volume isn't...

floatingturd

Now is the time to hold what you have. After being bearish all year, I finally got in on my position a few days ago. I still can't be absolutely sure that the bottom is in, but it's close enough for me. If it drops, I'm gonna hold anyway. The bottom is too close to let go. If you didn't get in yet, remember that there are still plenty of shorts for the whales to...

floatingturd

My last chart showed the beginning of a small bear pennant, which bitcoin broke down from. Now, it has revised itself into a larger bear pennant with supporting indicators of more downside. You can see hidden bearish divergence versus the RSI with the golden piss line. Now look at the longs and shorts. The longs have gone up, which surprises me and the shorts have...

floatingturd

...or, Bitcoin is gonna have another nasty poo. I haven't bothered doing charts for a while, but my target price point from May 30th remains. We are forming either a bear flag or pennant on the 2 hour. Meanwhile, some guy in a wheelchair is yelling "Moon" at me while I wait beside the wambulance with a fire extinguisher in tow. Don't be mistaken. I'm not there to...

floatingturd

Looks like we have a bear flag forming on the 4 hour chart giving us a downside target of 5400, but I'm thinking it may only go as low as 5900 or 5800 for the next leg. The Chaikin Money Flow is also very bearish. Even more telling is how bearish the CMF is on the 3 day chart overall. It has never been this bearish. I think we can expect a downward break in the...

floatingturd

...or maybe, a head and shoulders, albeit a weak one. Head is probably not high enough to count. Nevertheless, wheelchair guy is accelerating down the ramp on the Chaikin Money Flow. At the bottom of the ramp is a transport truck full of lightning bolts and exclamation points. He's honking the horn at wheelchair guy, but wheelchair guy isn't listening. I think we...

floatingturd Updated 

We have a bear flag forming with a 4 candle correction to the upside that should be ending by the next candle. Adding to the bear flag is decreasing volume while the price increased. It also looks like the 28 day shit rope could also reject it around 6280.

floatingturd Updated 

...or, sideways with a chance of shitballs. We did fall out of the piss channel shown in my last chart, (linked below) but it just took a little longer. The bitcoin bear has been pretty constipated lately. Wheel chair guy ended up with his shit ramp built right over his shit head in the process. Ouch! Our next move is to constipate sideways and keep touching the...

floatingturd

I had published this chart during the number 3 candle in the Tom Demark Sequential yesterday, but it had to be made invisible because of two bad words. Nevertheless, this dirty brown wedgie and piss channel pattern is playing out rather closely to where I expected. If we make it past the white line, consider it *achievement unlocked* but this is looking less...

floatingturd

Okay so we lifted ourselves past the 28 day shit rope on the 4 hr chart and what we have now is a solid, dark, 28 day chocolate rope to hang onto with this 12 hr chart. Just kidding. It's still a greasy shit rope. Look at the piss arrow. This rope has already been keeping us down on the 12 hr chart from June 18th to June 21st and I believe it will do it again....

floatingturd Updated 

Some people would call this another leg down, but they are wrong. This is another log down from the smelly bear that haunts us. Bitcoin's hands slipped right off the 28 shit rope. If you weren't paying attention, that brown steaming stool landed right on your stupid face, but you had a hard time seeing anyways because the last few loaves the bear pinched off...

floatingturd Updated 

Not much to report here. The booger bull flag I saw in my last chart behaved as I expected for the top end, but we didn't immediately fall into the piss lake below. Instead, we caught onto the shit rope that is 28 day moving average, but with no volume accumulation we won't be able to hold on for long. If we do we will get smacked back down from 6300 or the 50...

floatingturd

Here we are in a golden wee wedge, puttering along at the same price in average of that sideways pissing 9 that the arrow is pointing to. The bulls got all snotty about it and slapped in a booger bull flag. Somebody needs a Kleenex tissue because I am not touching it. We could miss the latreen and make a urinary splash up to 6300, but I just can't forget that this...

floatingturd

This won't hold. RSI is too high compared to price. If you caught the knife around 5700 then it's a good time to take some profit, or hold on a little longer for possible break up and sell it off, but this doesn't change the overall downward trend. 5025 is still inevitable in the coming days or weeks ahead. Around 6180 is also as resistance point.

floatingturd

Look back to the piss arrow on June 10th. We pissed sideways even with a 9 on the Tom Demark Sequential while we were in the middle of completing a bear pennant. Bear pennants don't have to be exact, but we're not even close to completing this current move. Also look at the RSI. We scraped lower on June 10th, so there is definitely more room for bitcoin to go down...

floatingturd

We broke down out of a bear pennant. Down we go with a target close to 5000.

floatingturd

You were warned. In the daily chart (on top) and other time frames I see a bearish divergence with the RSI. June 11th now marks the beginning of that bearish divergence. Ten days later we've basically accomplished sweet buggerall and we are actually lower in price than we were on the 11th with bitcoin now hanging onto a constipation/consolidation. I still don't...

floatingturd

All that pissing sideways since the 15th and we had that little pump from 7450. During the 7400 range just before the pump my gut was telling me I should make a play, but I just couldn't trust the market. One gut feeling isn't enough for this novice trader and the charts weren't giving me anything definitive either. Up we went over 6800, but it looks like I didn't...