Bears, don't play with coins. You will be forced to buy them at higher price.
If you (bears) are not sure what I am talking about, you are welcome to read my OP. If you don't get the point, I advice to read it again & again.
It looks now like the correction is not over. Maybe a zigzag? It looks like recursive cups & handles heading toward rising trend line sometime in the future. Every cup bottom is higher than one before. Today's trendline price is 276 USD and bitcoin is above it. So we are on right side of primary handle. And it is good that shorts are growing. Bitcoin will need them for pushing price above barriers.
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Bears, don't play with coins. You will be forced to buy them at higher price.
If you (bears) are not sure what I am talking about, you are welcome to read my OP. If you don't get the point, I advice to read it again & again.
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Careful guys with that cup - the handle is broken! Not yet. Bottom was 272. Could be: Recursive cups & handles, heading toward trend line... which is up.
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It looks more & more that bitcoin is currently rising not using cup & handle trajectory, but that bitcoin is actually rising using trendline (curve) started in June.
That is actually much beter because people have time to step on train. MOON (not immediately but 4sure this year) will therefore have much higher tarrget.
Graph with trendline anyone? +1. Actually it is not a line, it is a curve. 1w PSAR confirms that.
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It looks more & more that bitcoin is currently rising not using cup & handle trajectory, but that bitcoin is actually rising using trendline (curve) started in June.
That is actually much beter because people have time to step on train. MOON (not immediately but 4sure this year) will therefore have much higher tarrget.
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It looks more & more that this is not cup & handle, but that bitcoin is actually rising using trendline (curve) started in June.
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it's good this looking for possible patterns occurring bollocks isn't it? Possible head and shoulders. It doesn't works in that way.
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1dMACD is green again on all exchanges.
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15m & 30m RSI below 30. Bottom. Up we go.
Any update? Yes. Tea time.
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For all of you to stay in focus: All facts in my OP are still valid. 100dMA is accelerating UP and most important 200dMA is heading UP today. Cheers!
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Nervous?
Need a tea?
Why nervous? If I wasn't at 272, why I should be now (291 USD). I allready had peppermint tea with honey today FYI: I am LONG
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15m & 30m RSI below 30. Bottom. Up we go.
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What will happen then fake walls 300 USD and 305 USD disappears?
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Shorts are desperately trying to push price down. No volume. We will soon see story from two days ago - green dildo.
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... an if we check BBANDS on 1w, we can see that 302 USD breaks top line... MOON.
Were approaching 300, around 297 on coinbase. I'm hoping we can break 300 and not go under. I think there are a lot of auto-sells and walls that make 300 hard. But hopefully we can break it and stay above 300 for a bit. If we break it, with volume, then we won't ever see below it again for any significant amount of time. Never again below 300 USD in that case.
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... an if we check BBANDS on 1w, we can see that 302 USD breaks top line... MOON.
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Something should happen in 2-3 hours...
I told you soo... 1d MACDIf you don't mind, could you elaborate for your novice-in-charts friend about the 1d MACD green candles please. It was green from 10.6. to 16.7. And today is green again. It is a relatively slow indicator to it takes time to switch.
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