Globb0 BTC charts

[Globb0]

There is some disquiet in the wall observers thread.

People are running and screaming from red dildos.

Thought it was worth a chart check up.

Honestly, doesn't look that bad nicely still up in the "forever" range.

[DeathAngel]

The market usually does what we don’t expect so in all honesty I think we’re due a significant pump before the year closes. None of this is from TA, just some of my thoughts & feelings.

[Globb0]

Yeah I have just sketched out my feeling of each trend lines behavior on the recent visible action, EOY is really very close now, I don't know we will leave this range yet?



Perhaps a little profit taking here, then we will see if you are right.

True we were previously range bound for a while at a slight lower level.

[exstasie]

There is some disquiet in the wall observers thread.

People are running and screaming from red dildos.

Thought it was worth a chart check up.

People get antsy when they were expecting moon and then we range for a week instead.

I'm not particularly bearish. As I've said, I'm leaning more towards sideways then towards a significant price correction. The $9,000s are easily within reach though. I still think that pesky CME gap around $9,600 is going to end up filled.

[El duderino_]

There is some disquiet in the wall observers thread.

People are running and screaming from red dildos.

Thought it was worth a chart check up.

People get antsy when they were expecting moon and then we range for a week instead.

I'm not particularly bearish. As I've said, I'm leaning more towards sideways then towards a significant price correction. The $9,000s are easily within reach though. I still think that pesky CME gap around $9,600 is going to end up filled.

Insert Samuel L Jackson meme....

Say CME gap one more time motha****** 

[LFC_Bitcoin]

There is some disquiet in the wall observers thread.

I thought myself earlier the WO is like a ghost town. There’s just nothing much happening atm, people are probably just being voyeurs. I still think we’ll end the year strongly but for now, just not much worth posting about I guess.

[exstasie]

People get antsy when they were expecting moon and then we range for a week instead.

I'm not particularly bearish. As I've said, I'm leaning more towards sideways then towards a significant price correction. The $9,000s are easily within reach though. I still think that pesky CME gap around $9,600 is going to end up filled.

Insert Samuel L Jackson meme....

Say CME gap one more time motha****** 

We could always get a sharp correction down to the golden Fib (61.8%). That's in the low $7,000s.

Filling that CME gap and stopping in the $9,000s sounds a whole lot better, doesn't it?

[JayJuanGee]

Something tells me the market will continue ranging below the August highs for quite some time. Months probably. No moon yet!

Months...?? Let us moon instead please THX
 

That b called koreck, to me.

No need to wait months, even though don't rule any lil tinglie out, either.

Frequently, we get these bear calls - but for some reason the BTC price keeps going up, and hopefully NOT too many newbies get tricked out of scenarios that involve waiting to buy coins at a lower price that might not happen...

Not a bear call, more of a sideways call. As you know, I've been speculating about a long term triangle for many months now. Still looking good: https://bitcointalk.org/index.php?topic=5196072.msg55282472#msg55282472

This wasn't a bear call either:

Short term, it looks like we should expect a thrust above the $11,200 resistance. This symmetrical triangle broke to the upside:

Just calling them like I see them. Will reassess if BTC is holding in the $12,000s again.

That sideways hedge (just in case not down) didn't age too well...   

did it?

 


Hopefully, some innocent peeps did not fail to buy enough BTC... in order to prepare their lil selfies for UPpity.... or sell too many BTC too soon under a believe that they might be able to get more coyns upon down (or alternatively sideways, which seemed NOT to quite happen as expected)...

[exstasie]

That sideways hedge (just in case not down) didn't age too well...  

did it?



Hopefully, some innocent peeps did not fail to buy enough BTC... in order to prepare their lil selfies for UPpity.... or sell too many BTC too soon under a believe that they might be able to get more coyns upon down (or alternatively sideways, which seemed NOT to quite happen as expected)...

Classic JayJuanGee......when the price goes down, you never give any credit to the analysts on the short side. When the opposite happens, you gloat.

I've said for months that the $9,000s might be all we get. And honestly, anyone who is dumb enough to blindly follow an isolated post on a forum deserves to lose their cash, or their coins. Technical analysis only implies probabilities, never anything definitive.

We're all long term bulls here. Sometimes you seem to forget that.

[-CryptoViking-]

That sideways hedge (just in case not down) didn't age too well...  

did it?



Hopefully, some innocent peeps did not fail to buy enough BTC... in order to prepare their lil selfies for UPpity.... or sell too many BTC too soon under a believe that they might be able to get more coyns upon down (or alternatively sideways, which seemed NOT to quite happen as expected)...

Classic JayJuanGee......when the price goes down, you never give any credit to the analysts on the short side. When the opposite happens, you gloat.

I've said for months that the $9,000s might be all we get. And honestly, anyone who is dumb enough to blindly follow an isolated post on a forum deserves to lose their cash, or their coins. Technical analysis only implies probabilities, never anything definitive.

We're all long term bulls here. Sometimes you seem to forget that.

That's only a good sportsmanship haha, you have to gloat a bit here and there, even if you are not fair with it sometimes  We all do it After all I'm happy whenever @JayJuanGee can gloat, means BTC is going up, so good for all of us! 

[JayJuanGee]

That sideways hedge (just in case not down) didn't age too well...  

did it?



Hopefully, some innocent peeps did not fail to buy enough BTC... in order to prepare their lil selfies for UPpity.... or sell too many BTC too soon under a believe that they might be able to get more coyns upon down (or alternatively sideways, which seemed NOT to quite happen as expected)...

Classic JayJuanGee......when the price goes down, you never give any credit to the analysts on the short side. When the opposite happens, you gloat.

I don't know about that.  Sure, I am a bit more averse to down predictions than UP predictions, and I am a bit hostile towards placing too high of probabilities on any calls, either direction.. so there is that angle too...

I think that I am more than fair to attempting to follow your analysis and even to give some benefit of the doubt along the way, too.

Furthermore, I believe that largely I tend to give valid reasons for my ongoing posts on the topic, including my giving you push back about some of your bearish tendencies... which is that some no coiners and/or fence sitters are persuaded by such nonsense in that they might fail to adequately prepare for UPpity because they are too busy trying to get a better BTC price, that may well not end up happening.

So, this is not about uie pooie, exstasie, but instead about peeps that might give more credit to your predictions than they deserve... when they are likely to be way the hell safer to make sure that they are adequately prepared for UPpity before they start trying to time the market with hopes of a few more percentages down, here and there along the way.

I've said for months that the $9,000s might be all we get. And honestly, anyone who is dumb enough to blindly follow an isolated post on a forum deserves to lose their cash, or their coins. Technical analysis only implies probabilities, never anything definitive.

We agree on that part.

We're all long term bulls here. Sometimes you seem to forget that.

Some supposed long term bulls can be quite full of shit, sometimes..... .. with the "I'm long-term bullish but short-term bearish," bullshit.

[edited out]

That's only a good sportsmanship haha, you have to gloat a bit here and there, even if you are not fair with it sometimes   We all do it After all I'm happy whenever @JayJuanGee can gloat, means BTC is going up, so good for all of us!  

Sure, there is that angle, as well.

Many of us invest into bitcoin in order to get excited when it goes up in price.

NOT sure why anyone should not be willing to engage in some celebrations in that UPpity direction, when it happens...

I am surely NOT the kind of person who takes UPpity for granted, but I sure experience a certain amount of pleasures (and tinglies) from witnessing some bears, or sideways/down betters getting reckt along our way UPpity.  That brings me some satisfaction to witness bears, fence-sitters, bitcoin naysayers, alt coin pumpeners and no coiners running after the train after they have gotten reckt from failing and refusing to adequately pee pare their lil selfies for UPpity... (of course, I don't get those kinds of gloating satisfactions for the more innocent newbie types who get mislead into waiting for down and failing to pee pare for UPpity).

[Globb0]

Updated the chart. We are still healthily above the channel we were in, but are there a few warning signs here?

I want to wait and see how the daily closes, right now it would be a potential reverse indicator, shooting star thingy?





Alts had a blip of green today, first signs of some money flowing back out from daddy BTC?

[STT]

Profit taking and the 15k price area is near to a ledge just down from the ATH, probably still a point of hesitation.     Also if the election was somehow some incentive for buying or market moves, dollar falling etc then that story is coming to an end with a likely result known.   Dollar is within its range which I presume means it can just repeat its game like a game of squash its naturally within a box of movement, BTC has outperformed this ratio anyhow but its relevant.



Dont know we broke a trend that goes all the way back to ATH but it appeared that way by accident (I was just connecting recent highs not looking that far back initially) and we did just rise a heck of alot.   I cut off the lower prices as its not relevant for the moment, most just wonder how far this run goes for.

money flowing back out from daddy BTC?

Funny this can help the alt coins appreciate.

[Cryptotourist]

Alts had a blip of green today, first signs of some money flowing back out from daddy BTC?

Don't think so, probably just refueling for BTC's next leg up, whilst day traders appreciate the joys of getting rekt.

Funny this can help the alt coins appreciate.

[exstasie]

Updated the chart. We are still healthily above the channel we were in, but are there a few warning signs here?

I want to wait and see how the daily closes, right now it would be a potential reverse indicator, shooting star thingy?

If it prints that way, it's not a shooting star but rather a spinning top doji. That is not necessarily a reversal indicator, it just indicates indecision. If you look over the daily chart the past few months, there are plenty of candles like this that were followed by more upside. Plus, single candle patterns aren't always that reliable. 2 or 3 candle (confirmed) patterns are ideal.

After that 10% candle yesterday, I'm anticipating something like late July into August 1st: a short term consolidation and another try at the highs. I suspect yesterday was the biggest fireworks we'll see for a while though.

[Globb0]

here is my latest btcchart.


Lots of different resistances and supports.

still very comfortably above the old channel

[Globb0]

Things are moving fast in just a week.

It is looking like it just stepped up again.

These are dailies to silence the noise, retested and confirmed.



Also note the long time with mad high RSI's

[STT]

I hope you are right, I thought I was about to be hard checked out of the market with like a wild pin on the daily candle down to 16k before it resumed upwards without my trade.   So far its been good, I dont use RSI I use OBV which tries to adjust better for volume on down days also I think and even though its still very high.    Its a relatively stable upwards price for quite a while now, price action is not often this nice to people.
  Someone said if it runs like this into Thanksgiving holiday then it will more likely sell properly at this point because the long main market close should be seeing a drop off I guess is their reasoning.   If the buying is from funds with a medium term outlook then its different to that.  Its different this time would be a red flag for sure lol 

[Globb0]

Thanks Ill have a look into OBV

Here is the hourly chart, its face melting stuff at the moment, I left the retest on there from the bigger daily chart I made.

In this scale we are looking nice for another little squirt.

But of course now the weekend is here!

[Globb0]

Hey folks crappy thanksgiving day in the BTC world  but had fun and im older now too. 


I thought a daily chart might be in order lets try to see good case lesser good case lol (bad case might be go though the bottom resistance I suppose