empowering
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January 29, 2019, 04:39:59 AM |
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Nearly time for some action
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jojo69
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diamond-handed zealot
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January 29, 2019, 05:07:47 AM |
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When the man in the ghillie suit says it's time for action I start looking for cover.
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Bitcoinaire
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January 29, 2019, 05:16:08 AM |
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Today is D-Day for down-trend confirmation. We need to see more volume build upon yesterday. (Chart shows 2.5hrs of traded volume so far for today). Technically we broke the volume trend line yesterday, but I'd like to see one more day of higher volumes for confirmation. https://twitter.com/woonomic/status/1090078140880146432
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Toxic2040
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January 29, 2019, 05:26:30 AM |
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Nearly time for some action
Here ya go...5 minute chart with some short fibs...great for action. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Now we can oooh and ahhhh at ever $10 price movement. 5m ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FBCmf1ZA.jpg&t=665&c=w_M7jZs4CxRwDg) ------------ I do think you are correct however. There is going to be some action soon but I dont think it will be in the direction we would all hope for and that is upwards. I suppose I should be banging the bull drum with greater vigor as sentiment matters but I honestly think there are darker days ahead. This cycle of letting the market recover enough to sell into has been going on for some time now and shows no sign of stopping in the near term. It speaks to me of large bag holders trying to slowly divest their coins. I have also been floating the theory that its the exchanges doing most of the selling, driving the price downward to a point where a rebuy makes sense to the corporate overlords. The addictive cycle of profits from the last bullrun might be to much for many to resist.
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empowering
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January 29, 2019, 05:48:06 AM Last edit: January 29, 2019, 06:06:18 AM by empowering Merited by Last of the V8s (1) |
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Nearly time for some action
Here ya go...5 minute chart with some short fibs...great for action. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Now we can oooh and ahhhh at ever $10 price movement. 5m ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FBCmf1ZA.jpg&t=665&c=w_M7jZs4CxRwDg) ------------ I do think you are correct however. There is going to be some action soon but I dont think it will be in the direction we would all hope for and that is upwards. I suppose I should be banging the bull drum with greater vigor as sentiment matters but I honestly think there are darker days ahead. This cycle of letting the market recover enough to sell into has been going on for some time now and shows no sign of stopping in the near term. It speaks to me of large bag holders trying to slowly divest their coins. I have also been floating the theory that its the exchanges doing most of the selling, driving the price downward to a point where a rebuy makes sense to the corporate overlords. The addictive cycle of profits from the last bullrun might be to much for many to resist. Meh... I am interested in bigger moves than $10.. We have almost arrived back at the 200 weekly MA, which I fully expected us to retest after a short bounce... Got the death cross 50 though the 100 on the cards.. BBs have opened up already on larger time frames (though narrowing on the daily) but we are well constricted on the 1 hour.. We have formed a bear flag, at the bottom of the support zone of an overall descending triangle. So.. IMO. either we bounce somewhere between here and the 200 week MA, perhaps with a little overshoot... and then in that scenario I see us likely to put another lower high and then coming back down for a third test .... or..... So far it looks same as it did , a month ago, I have the same outlook and same support levels based on previous r/s and volume profiles. so far nothing surprising has happened, in fact BTC has been quite the well behaved and relatively predictable (excluding those glorious wicks.. hunters hunting) but now with more confirmations.....it still looks bearish to me at this present moment.... pretty interested to see how we react between here / 200 week MA though and if it holds/ if we bounce from there. Volume is still not impressive, and below even the volume levels at the local low.. yes it was up yesterday, but still low. Doom outlook un-changed for now. I am pretty happy about it.
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Toxic2040
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January 29, 2019, 06:08:52 AM |
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Meh... I am interested in bigger moves than $10..
We have almost arrived back at the 200 weekly MA, which I fully expected us to retest after a short bounce...
Got the death cross 50 though the 100 on the cards..
BBs have opened up already on larger time frames, but we are well constricted on the 1 hour..
We have formed a bear flag, at the bottom of the support zone of an overall descending triangle.
So.. IMO. either we bounce somewhere between here and the 200 week MA, perhaps with a little overshoot... and then in that scenario I see us likely to put another lower high and then coming back down for a third test .... or.....
So far it looks same as it did , a month ago, I have the same outlook and same support levels based on previous r/s and volume profiles. so far nothing surprising has happened, in fact BTC has been quite the well behaved and relatively predictable (excluding those glorious wicks.. hunters hunting) but now with more confirmations.....it still looks bearish to me at this present moment.... pretty interested to see how we react between here / 200 week MA though and if it holds/ if we bounce from there.
Volume is still not impressive, and below even the volume levels at the local low.. yes it was up yesterday, but still low.
Doom outlook un-changed for now.
I am pretty happy about it.
I agree and was being facetious with the short time frame comment and charts. If there is any correlation with the last bear market we are approaching its end soonish. I do however think that this sideways/accumulation phase could go on even longer than I have predicted. There is some data indicating that this period could extend well into 2020. My hope that it is just post bear market noise cluttering the airwaves. Cards on the table. D ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FEbERpWV.jpg&t=665&c=gkHcol7OZNcRpg)
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Vaculin
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January 29, 2019, 06:13:07 AM |
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Looks like we are going to end this month with a wrong prediction again. It's almost impossible for BTC to cross $5,000 with just 2 days remaining, next poll voting, I think people will vote the same.
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empowering
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January 29, 2019, 06:24:52 AM |
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I agree and was being facetious with the short time frame comment and charts. If there is any correlation with the last bear market we are approaching its end soonish. I do however think that this sideways/accumulation phase could go on even longer than I have predicted. There is some data indicating that this period could extend well into 2020. My hope that it is just post bear market noise cluttering the airwaves.
Cards on the table. D
My apologies, lack of sleep tbh I somehow missed the obvious joke... Yes, recovery timing is hard to call, many factors, though 1st we need to find bottom....my feeling is people are actualy too comfortable at this level.. and so more pain.. but once we find bottom, and then if the market has any symmetry.... 2020 it could be. I have wondered though.. if we have reached exhaustion or are nearing exhaustion from retail... Or if there is another batch of quivering fearful hands to cull with one last viscous move, one that makes people rue the day they ever decided to crypto all over the place... followed by a long recovery period which lasts until either a catalyst sparks the market, or we get too close to the halving. Anyways... 1st things 1st we need bottom. (ass.gif)
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HairyMaclairy
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January 29, 2019, 07:11:26 AM |
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Fractal fetishists rejoice ! ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FxhcP33z%2FFractal-xx.png&t=665&c=olLPOiXmFrYAfw)
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Phil_S
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We choose to go to the moon
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January 29, 2019, 07:41:08 AM |
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I have a gut feeling that we'll see a February bottom that will be similar to December bottom.
Somewhere around Feb 6 - Feb 10.
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kurious
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January 29, 2019, 07:55:36 AM |
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^ Isn't Chinese New Year the 5th?
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HairyMaclairy
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January 29, 2019, 07:57:02 AM |
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I really admire the stoic nature of you hodlers. Hardened veterans all.
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LFC_Bitcoin
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January 29, 2019, 08:01:38 AM |
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I really admire the stoic nature of you hodlers. Hardened veterans all.
SELL?NEVERRRRRRR !!!!!![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fmedia1.giphy.com%2Fmedia%2FYw2gT86GEnew0%2Fgiphy.gif%3Fcid%3D19f5b51a5c50080542624c532e45cbf2&t=665&c=-h8obXiExsbBLg)
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El duderino_
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BTC + Crossfit, living life.
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January 29, 2019, 08:39:40 AM |
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I really admire the stoic nature of you hodlers. Hardened veterans all.
We are just the CORE hodlers in here
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cool4y
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January 29, 2019, 08:46:03 AM |
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The most surprising here are India and Indonesia. I thought compared to how popular is internet in India and how popular are Gold and cash there, Bitcoin is way behind. I guess just news dont come out. Being a third world country, citizens of India barely meet ends. Using such technological advancements and having disposable income to gamble on Bitcoin is something I would not expect tbh.
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Arriemoller
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Cлaвa Укpaїнi!
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January 29, 2019, 09:09:12 AM |
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The most surprising here are India and Indonesia. I thought compared to how popular is internet in India and how popular are Gold and cash there, Bitcoin is way behind. I guess just news dont come out. Being a third world country, citizens of India barely meet ends. Using such technological advancements and having disposable income to gamble on Bitcoin is something I would not expect tbh. The third world doesn't exist anymore. Almost all countries in the world is now doiing ok, including India. https://youtu.be/RUwS1uAdUcI?t=373
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Globb0
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January 29, 2019, 09:18:27 AM |
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I have people work for me in India and I saw on their instagram etc. they all have iphones and stuff. Plenty of tech.
I expect there is a wide variation in the country.
But for a long time countries have been using teams there working with technology and development.
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shahzadafzal
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January 29, 2019, 09:44:31 AM |
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Are up serious right now? Bitcoin price could surge up to $4,000??? i think he forgot one zero there... actually he wanted to say: it could see a price surge up to $40,000.
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kenzawak
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January 29, 2019, 09:45:39 AM |
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Two Hacker Groups Responsible for As Much as $1 Billion in Stolen Crypto https://ci.covesting.io/news/cryptocurrency-news/two-hacker-groups-responsible-much-1-billion-stolen-crypto"Blockchain analysis firm Chainalysis has revealed new data that suggests that two cyber-criminal rings could be responsible for the majority of cryptocurrency stolen in recent years. While there are dozens of hacker groups across the globe, and many more individual hackers working in solitary, two specific groups are said to be responsible for as much as $1 billion in stolen cryptocurrencies, according to a new report featured in the Wall Street Journal. New research from Chainalysis claims that two groups, only referred to as Alpha and Beta, are responsible for an overwhelming majority of all cryptocurrencies stolen as part of scams. These scams often include phishing attacks, Twitter giveaway schemes, and much more."
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