If you want to be bearish in this bullish market, you should have some reasons for this. Let me help you to support your position providing bearish signals one by one.

What if the market forms a double top? This chart pattern belongs to a reversal group of patterns and it can confirm a trend reversal or a correction as a "light version".
The double top will be confirmed if the price can break the local swing low. For this, the price will have to break 5000.00 support level .

The other bearish signals are provided by MACD lines and histogram. This indicator supports the downward movement.

RSI is not far from the overbought zone. The line dropped from the zone, moved upward and probably soon, we will see a new falling from 70 level.

DMI is bullish and confirms trend market conditions but... ADX line is at 50 level and it moves sideways. Probably it will start a downward movement and it will support the idea about the correction movement.

All these signals can be a good support for you if you want to see the market moving downward.

At the same time, you should understand that this possible trend reversal or the correction movement, it's just about the medium term. For the long run the market stays bullish and if the fundamental news supports the crypto, the bullish trend will be stronger and more reliable.

And what do you think about the medium term market movements? Are you waiting for the correction, the trend reversal or you would like to see the upward movement to 6000.00 resistance?

What do you mean by tagged? Negative trusted? That's some bullshit if they aren't spamming.

Here's what will happen: we'll touch $ 5600 normally in less than 48 hours. At this moment I will say when we will touch 6000$. According to my research, I have 3 factors that tell me that is going towards 5600 $.

I will update if I have more than 30 likes

The fuck are you rambling about?

I'd be shocked if this wasn't some ISIS bullshit

What's the main religion in Ceylon?

When $6,000 damn it. I’m getting bored of this price range.

Sorry to give you this bad news guys.

But Very sad news came from Srilanka.. Multiple Bomb blasts in churches during Easter service. At least 160 died and more than 500 people Injured in attacks.

Rip

Get the fuck outta here with your bull shit!

usps deliver on weekans also
usps sunday delivery

Very shiny Sunday we have here, but BTC don’t leave the 5300 down only up!!

I am going to keep it simple on this one. After all Bitcoin is not a complicated asset, it follows the same patters and cycles again and again (longer term to a greater extent).

So if you are into Fractal Analysis I have something for you that may be of interest. Since the December bottom we have a steady rise. Steady and not aggressive/ parabolic as BTC is still in the Accumulation Phase will most likely stay there for quite some time before it breaks or makes new All Time Highs again.

Steady price action calls for clearer patterns with more standard entry/ exit points. So I attempted to break down this steady rise into 3 Fractals, all having as a common factor the duration, which is approximately 53 days. Assuming the current one (3rd in succession) lasts for 53 days as well, what remains to be calculated is the relative price action within.

If it follows Fractal A then it ( Fractal C) should make an equally steady decline of around -22%.

If it follows Fractal B then it ( Fractal C) should trade sideways within 4900 and 5500 until its completion.

If I am taking a pick I would go with Fractal A mainly because it ( Fractal C) is close to Double Topping around the same time (22 days). Also the rise from their bottoms is more close.

I also voted no. More than ready to be proven wrong, of course.

Is the bottom in? Well maybe, but a ~1k fall on the way to 6k can't be ruled out, as someone (Jojo?) said a few pages back.

As I was doing my last analysis around Fibonacci, I discovered this trend line on the logarithmic chart that played a dominant role in the support of Bitcoin during it's last bull run.

See my fibonacci analysis here showing a strong resistance at the trend line I highlighted here.

The trend line has now flipped to resistance and we are currently facing it now.

To get back into a bull run, we need to reclaim this support!

This was a short one, but I wanted to highlight it for you guys after I found it!

Let me know what you guys think!

Where to start

Globb0
HM
cAPSLOCK
Mindrust
Kylapoiss
Lamb slayer
Cryptotourist
Startupanalyst
(Can’t count roach in ?   )
Goldkingcoiner
Marcus augustus
D_eddie
Bitserve


Pffff
So many more regs....

Just writing with no thinking and i just must stop cause its time to take a look @the inside of my eye lids

that latest yobit one uses the "personal text" under the avatar

Hi friends! Welcome to this update analysis on Bitcoin! Let's get right to it! Looking at the weekly BLX chart, we can see tat Bitcoin continues to struggle at overhead resistance. That resistance is the weekly 50 EMA (in orange,) which is intersecting exactly with the 61.8% Fibonacci retracement , which is produced from the decline from 6000-3000. We also have big resistance at 5500, from the low on November 12th, 2017, which the recent high was rejected at. However, Bitcoin has surpassed a descending trendline (in black,) that has recently been popularized on the internet as a key part of a potential "bump and run reversal" bottom formation (more on that later.)

So, we are at a critical retracement level (61.8%,) while simultaneously testing a critical moving average (weekly 50 EMA ,) after being rejected at lateral overhead resistance (5500,) but above some newly found support (lead in trendline .) Taking all of that into consideration, I have come to the conclusion that I must do my own assessment of this bump and run reversal theory, to see if it sway's my view. Because currently, from a pure probability standpoint, I do believe that there is a much higher chance that we fall from here, as opposed to the probability that Bitcoin continues to rally. With that said, perhaps the bump and run reversal argument has merit (anything is possible.) Regardless, if we did move higher, the upside would likely be very limited. You can see that the weekly 50 MA (in red) is falling toward price action, just above the weekly 50 EMA . So, if BTC broke out higher, it would have to contend with that, and then the ultimate resistance zone between 5777 and slightly above 6000 (in red.) With that said, I am still cautiously sitting on the sidelines, after taking profits from my long that I've added to since December.

Looking at the Stochastic RSI , we can see that it is pegged on 100, and has been there since the beginning of March. Additionally, the daily RSI just came off of near record overbought territory, and the daily MACD is also showing signs of exhaustion, after printing a bearish crossover a few days ago.

Recently, I saw the argument that has been circulating around the internet regarding the bump and run bottoming setup for Bitcoin . While I do think that the bottom is in, I'm not too sure about the bump and run reversal theory. So, let's take a look at the chart in depth, to see how that theory stacks up with the technical requirements necessary to produce a bump and run reversal.

1. Lead in Trendline: "If it's too steep, then the ensuing bump is unlikely to be significant enough. If the trend line is not steep enough, then the subsequent trend line break will occur too late. Bulkowski advises that an angle of 30 to 45 degrees is preferable." Our lead in trendline is -23°.

This is below the "preferable" range.

2. Bump Phase: "Ideally, the angle of the trend line from the bump's advance should be about 50% greater than the angle of the trend line extending up from the lead-in phase. Roughly speaking, this would call for an angle between 45 and 60 degrees." Our bump phase trendline is -54°.

This is in line with the required angle.

3. Bump Validation: "The distance from the lowest low of the bump to the lead-in trend line should be at least twice the distance from the lowest low in the lead-in phase to the lead-in trend line . These distances can be measured by drawing a vertical line from the highest highs to the lead-in trend line ."

Distance of lowest low of bump to lead in: 3008
Distance of lowest low of lead in to lead in: 2185.

So, 3008 is not "at least twice" the distance of 2185. Therefore, the bump was not validated.

4. Bump Rollover: Clearly we saw a bump rollover when price rose from the lows.

5. Volume: The volume progression looks consistent with that of the bump and run reversal volume requirements.

6. Run Phase: "The run phase begins when the pattern breaks support from the lead-in trend line ... Once the break occurs, the run phase takes over, and the rally continues."

According to this description, we are in the "run phase."

7. Resistance Turns Support: "After the trend line is broken, there is sometimes a retracement that tests the newfound support level . Potential resistance-turned-support levels can also be identified from the reaction highs within the bump."

So, based on this, we could see price return to the lead in trendline , to test it for support. That could also be near the highs formed during the bump phase.

In summary, this is not a perfect textbook bump and run reversal pattern. I think it does help to confirm that the bottom is in. However, I still think the overhead resistance is too great to be broken right now, and the indicators show clear exhaustion. Therefore, we should expect price to return to the lead in trendline , to test it for support as the theory suggests. That is what I think is the most likely scenario. From there, I think Bitcoin will progressively become more bullish .

I'm the master of the charts, the professor, the legend, the king, and I go by the name of Magic! Au revoir.

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

Oh and another one I had 10 days or so ago:



Is that the best green dildo we've seen or what?

I fully support Elwar and his ambitions but just find it Ironic that so very few countries have made BTC illegal for payments yet that is where he had to go.

Reality if a fucked up place to live.