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Volume suggests h&s triggering, which should send price back to daily 200 sma forming even larger inverse h&s
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So the most optimistic bullish move should look like this: - up to ~430 - back to sma20 - up to sma200 And if so, it would be an impulse and so probably reversal. So 400 level breakout is important now.  |
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Potential inverse bullish H&S here with target at around 500.  From other side there is a hard resistance at around daily upper BB @430 (and falling). Falling upper BB during rising price always strong resistance and good point to close long or open short position. (as well as opposite - rising BB bottom during falling price - good support).  Almost always bounces back to sma20  |
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I don't mind about merchant anymore. I do mind about Bitcoin itself. I remember times when everyone was able to launch full node, even on raspberry. That was ONLY 1-2 years ago! How about 10 years prediction?
Now I see more and more posts where launching full node is kinda unbelievable heroic doing.
Ppl said earlier like you - not a problem. No, it's a problem! Look at chain size growth in time - it's parabolic! Will we loose full chain eventually? Because nobody cares.
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Can you explain better what limitations you're facing. In other words, "Please explain the problem you're having / trying to solve, and not what you think the solution is".
The current blockchain size is a fraction of a modern commercial _game_ and it stores the whole bitcoin economy. Better understanding the nature and origins of your limitations you're facing avoids thinking we have a solution for you which isn't a solution.
Please also be sure to explain what you expect to do with a node. For example, if you need to be able to add new keys at will and go find their transactions ... there is no way thats going to happen with reduced storage.
Returning after 1 year. How's chain size going? Probably, exponential. Relevant: https://bitcointalk.org/index.php?topic=197810.5 (proposed solution from another nickname). |
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stupid liar  You should say : "I always believe in bitcoin even if it falls to 1 dollar"  What did I say so you insult me so? Blitz, could you do some influence on this motherfucker? You always watch this thread to be clean. |
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I see price neither left 3rd falling channel, nor had great success with lower weekly bb resistance. Also it topped almost at 62% retracement from last daily lower high to lower low. This is still direct threat of downside acceleration.
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1-2 weeks, odds are high.
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Old school hardcore here. Only macd and rsi are high for me however until they start lie oftenly |
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Question:
A few posts earlier you said that the pullback from 275 didn't look very impulsive to you.
I have to admit, I didn't see it like that (but you seem to be right). To me, the quick move from 330 to 380 looked very impulsive. What made you think it wasn't?
Can't explain. I just feel impulse or not. This is more like ABC correction rather 12345 motive move. However it didn't overlapped still and may bring surprise still to my feelings. |
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Yes, news lows are probably on horizon
thanks as always for great work! what price range would invalidate prediction of lower lows in your opinion? Daily close above blue channel Or weekly close above bottom bb Plunge accelerates fast when out of weekly bands! |
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Yes, news lows are probably on horizon
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Rebound to 350-390 expected  Bah.... 395. A bit higher. But I was surprised how fast. ...... When earlier at 266 bubble bitcoin copied out US stock indexes - it now copies gold moves. |
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I don't see impulsive price behavior, so yes I assume it's a dead cat bounce. It may go to hourly 200-400 sma. I assume hourly 200 is pretty safe target to sell.
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i dont see any formation yet after last drop
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This negates the earlier rebound prediction?
No. |
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