Zooming out, it now looks like there's a massive triangle extending from 2017 into 2021. It's also looking like we never really left the bear market. It turned out to be longer and more brutal than anyone anticipated.  Yeah everything looks fucked right now. Just wish we had a bounce at least |
|
|
|
I'm also the most worried I've been since the 2014-2015 bear market TBH.
You and me both. This sell off is very different. |
|
|
|
|
big fucking wall on stamp
|
|
|
|
This is the first major Bitcoin crash I can remember that happened and the media isnt rubbing it in our faces after the fact.  They are too busy at the moment. And this is the first crash that has actually got me worried. Still won't sell, I know the CBs will print for ever after this |
|
|
|
|
Well, I think we're fucked now doesn't look like this 200 week ma is going to hold. I won't sell any coins, but it will be a long time before we get back on track.
All focus should be on the central banks now, what do they do? Buy assets directly, helicopter money, debt jubilee? Fucked if I know, but nothing is turning this around (talking about traditional markets here not really bitcoin) till they do something.
|
|
|
|
Daaaaaaaaaaamn Master Luc is saying up from here around..... hope he found again his mojo I don't think he ever lost his mojo when it came to long term predictions. Sure it would overshoot his targets (not my much all things considered) but his timing was always pretty good. |
|
|
|
was that like a thousand dollar drop in like 10 minutes?
lol reminds me of the old days.
Question is though, is it over. |
|
|
|
Is it now officially open to say........... All TA is flawed most of the times? And always has been 4700 incoming
Based on TA I guess.... So much arrogance in this thread, as usual. The thing is, right now things are not clear, the action is too quick, there was a clear battle around the 6.4k support, technically it went below 6.4k but the down move didn't consolidate (yet). TA is crystal clear my friends: -major resistance at 10.5k -major support at 6.4k Now if tomorrow Bitcoin is under 6.4k this means the trend has been consolidated and bitcoin is done for the year. By that I mean 4k before the end of the year. You can laugh, couldn't care less, been used to it now in this place. But I am confident Bitcoin price will go under 5k like I've been saying here for months, and this is based on TA only. Best of luck anyway  Please show us how and when TA predicted an alleged worldwide health pandemic which caused the markets to crash? There is no correlation to the virus. If there was a correlation with the virus, February wouldn't have been a very good month. In January the virus was already here, in February Bitcoin price went from 9k area to 10.5k. Now you are telling me some outside news can explain why 10.5k got rejected? Sorry but this doesn't make any sense. A few weeks ago I was reading here and there that Bitcoin was doing well, while the stock market was doing bad, everyone seemed happy about the fact that the virus didn't affect Bitcoin. But now the opinion changed? Truth is, the rejection at 10.5k was brutal and explained this move. I confess I never expected a move to 6.4k that fast, but we got there anyway. By the way, posted on Feb 27 https://bitcointalk.org/index.php?topic=5228812.msg53921213#msg53921213Got to agree here. I don't think any of the movement recently has anything to do with the virus. |
|
|
|
But from my standpoint, why care where it goes today, and how/why, if we already know it's on its path to 6 digits? Because 6 digits isn't guaranteed. Building and maintaining a bullish structure strengthens the fundamentals-based argument for BTC investment. Stock to flow, Metcalfe's law, network effect and all that are great, but bullish trends and Wyckoff structures really bring it all together. With BTC back in the $6Ks, the entire bull trend from last December is now in question. Hats off to Masterluc on this one....... And what did he say would happen after 6k |
|
|
|
|
volume just keeps getting bigger on the 15min timescale
|
|
|
|
I am really perplex about the situation.
Ok Covid19 is not a good thing but probably not the worst disease ever...
So I am more worry about what would be the World (and all the markets) with a really BIG disease or Huge biologic world attack.
Sounds really crazy...
This is not covid related. My bet is it is miners setting up to increase market share ahead of the halving. This is good old fashioned greed I think. Or plustoken. |
|
|
|
PUMP UP THE VOLUME
Yes, cool to look at. |
|
|
|
|
This move says to me that the previous declines from the last few weeks may not be correlation with the traditional markets and that we are at the end of our decline. Time will tell of course, but a lot of things did indicate that we will be going down to these levels.
|
|
|
|
|
If this is plustoken they couldn't possibly have any coins left now.
|
|
|
|
|
I actually think this is a good sign. This is clearing out the weak hands before a boom in price. Seen it many times before. I thinking halving games by the whales. Though could be plustokens puking for whatever reason.
|
|
|
|
|
Show Posts
