Squirrel looks for more corn.
I still think its going to pump in about 24-36 hours..but hey, I was wrong 3 times already today..whats one more time. Hubris is a fine thing. Goodnight.  #dyor  

Squirrel gathered many corn..to fat to get back up tree for now. One level penalty.

+10 WOsMerits to the Author.

+1 WOsmerit to you Torgue for pointing it out..thanks.

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Squirrel gathers corn.

I can see something like that playing out. We would just have to see what momentum it might produce. Price discovery, stop hunting..what ever you want to call it is still taking place. The markets are so thin we could as easily trend downward as well. Honey badger does what it wants.




I might be somewhat over enthusiastic at times.

+1WOsMerit

I agree. A true master makes one mark and all is apparent.(sic..which I am not) This is a tough crowd though..sometimes drastic measures need to be implemented..   

Many are probably waiting to see if we move above or below one of these trend lines...I dont blame you. Still looks like a good time to buy the dip imho.

Ok..this chart is a hot mess for those of you with more refined senses..I get that. However..it is my muse and I feel like I have put some of my soul into it. Beauty is in the eye of the be-hodler.


If you take away the candles so you can better see the indicators. The golden cross/death cross battle is where most of the interest if focused. Also..there is a big squeeze that is rapidly approaching, I like to think of it in terms of fluid dynamics. Where these indicators compress...velocity increases(i.e. reducing the volume increases the pressure) resulting in larger and faster movements. Either upwards or downwards. So when these cross its the same theory..it either adds to increase the flow to the stream or restricts it so to speak.

All this inertia is barreling down into this choke point next month..something will give. I believe that means a violent move upwards above 10k.



I try to restrain my personal exuberance and give a unbiased opinion but it can be difficult to say the least. I will say it again, my personal opinion is you should buy as much bitcoin as you can as soon as you can. Time is running out.
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The good news imho is this will be decided very soon..days at the most.

And then bears disrupt and the sentences you have tried to write do not makes as much sense..lol. Buy the dips.

Crossing indicators on the 1 hour. I think we will be testing 9k sooner rather than later.


The same battle is taking place on the daily. A crossing of the trailing MA would indicate a more bullish pattern. Regardless...I think the time for this price range is rapidly closing.

#btfd  #dyor

Cat stands with bushy tail...or..someone may have just tossed it off the roof...undecided.

#dyor

Good morning Jimmie..stay thirsty while you try to stay dry my friend.
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Bitcoin
 The upside down bart strikes back. Banging hard off a -0.618 resistance and looking for support at a -0.786 area. This resistance coincides on the hourly cloud cover, breaking through here would indicate more upside to come.


Resistance is strong but I think we might break upwards into the green band of a trend line. 


Pushing the cloud higher as we approach is telling me that the opportunities to get cheap coins might be dwindling.

#Consensus2018

Yay..bart..


Back to the drawing board.

Just to add..those were from this morning and afternoon. This is what we look like currently.

While the chart I posted earlier may have looked funny to many of you, I was trying to show how it can be looked at in more than two dimensions. So connecting a straight line between point A and Point B does not always tell the full story. With the right probability curves you can denoise the data enough to get to a best guesstimate. If it had broken downward out of that pennant this morning it would have the same relevance imho.

Perhaps it as a flat surface with the candles bouncing off it..what ever works for you. Dont be afraid to use your imagination.


To further illustrate.


Where these probabilities intersect interesting things tend to happen.

Testing resistance at a fib. Indicators crossing back over. Sideways consolidation. Outlook..bullish. Patterns developing look to be more sideways and upwards than sideways and downwards. #dyor


#HappyMothersDay #Cryptouplift

I dont see why attempts at TA have to be boring.

 

Accumulation and distribution patterns.


wen 3d charts famuli?

I try my best to lay it out for everyone as best as I can and I think I showed a probability of this happening. The fact of the matter is you all should be adults here and investing fiat that you can afford to lose. Now..that being said..this will recover hard at some point. Its just finding your risk tolerance and acting accordingly. DO YOUR OWN RESEARCH...please.

I am looking at the fib line at $8.265k as a possible area for support to start kicking in if we fall farther. Other data shows that a possible bottom is in the $8k-7.8k range.

Still hodling onto the Schiff channel. I think that if we stay close or above that lower band without a large dip below it(i.e below $7k) to break the trend line, its probable we will see a new ATH by years end. Massive amounts of institutional fiat is about to flood the market over the next couple months. Hang tough kiddo's.



Well..we cant have that now. Below $6k and Doug loses he's bet. Not on my watch.

Successful launch of F9 block 5! Wtg SpaceX.