Chart Porn: 30d and 6mo trends.

[NotLambchop]

When you're crying, I'm buying.

When you're buying, I'm laughing.

Doesn't rhyme, but totally true

I'm sure you hide your tears well.

Technically, they're your tears.  Tasty

[neurotypical]

Sounds good to me, im still betting on a 450 ish rise before xmas, then I have no idea if a rally will ensuee or we will go back to a 370ish dip

[grappa_barricata]

There was no damn double bottom. The second bottom has to have HIGHER volume than the first and we didn't even come close. There is likely to be a retest of ~$300 support.

Exactly. And it can break down. The last 2 months have been a bigger-scale replica of what happened during and after the 'flash-crash' to 450$. Market makers buying into the giant dip, moving the price up and sustaining it to sell higher. Maybe stimulating big potential buyers along the way with some 'rally' than always turn out to 'fail' (because not really sustained by them, only kickstarted). So, I think, the retest of 300$ will break down big time. Then we'll see "blood in the streets" (and i mean real blood, people jumping windows or cutting veins in the right direction).

[billyjoeallen]

There has been a pattern that has repeated three times in this bear market and is in the process of repeating again, where there is a crash, a bounce, a pause, a spike, a second bounce at a much higher level and then a slow dissipation of all upward momentum leading to the next crash. We are in the dissipation period now. The key thing to watch for is the volume as the price approaches support levels on the way down. Low volume= very bad. Stay in cash even if you close your short positions. High volume means the possibility of a double bottom.

I've lost a few houses worth of money identifying this pattern, so a wise person should learn from my mistakes. The fact that it was money I made on the way up is some consolation. Still, opportunity lost is opportunity lost.

[coinableS]

Stay in cash even if you close your short positions.

Or stay in BTC. I don't want to move everything to fiat and then miss a possible 10x take off, despite how remote that is.  If it drops down to $200, big deal I'll gather up more fiat and buy more BTC. But if the price surges I'll be super bummed. I don't have a constant supply of BTC coming in every month like I do with USD. It makes more sense for me to sit in BTC.  But you mentioned losing a house worth of money so it sounds like you are trading with a much larger balance than I.