/biz/ - Business & Finance

This might be the dumbest TA/trading analysis of BTC I've seen on /biz in a while
congrats

>>13217568
I've been calling this trend reversal since February.

>>13217561
Now is the test, is this month a fake out?

>>13217670
>still unironically posting this garbage

the bottom was 3.1k, either accept that now or chase higher

>>13217561
>green candles in a row have always signaled a trend reversal 100% of the time throughout bitcoin's history
Did you even look at the chart?

>>13217691

So we're STILL at complacency, damn.

>>13217705
You can think whatever you want, just understand you're objectively wrong and eventually the market will show you that.

If you're lucky, we'll get at least one more retrace to the 200wma which will be the floor and your last chance to buy the bottom

2000 this summer is the bottom

>>13217670
first off, I don't even care if this is actually a bull trap. I can always sell at a profit if the trend line breaks.

Your TA confirms that
>there are never 3 green monthly candles in a row on a downtrend
>they never break out of the top of the range until the trend reverses.
so thank you for the confirmation.

>>13217773

>>13217773

All I see when reading your text is...

>We just need to cool off for the next rally.

>>13217833
There hasn't been a rally for the last 13 months so how can you say that it sounds like that?

>>13217833
We've been cooling off for more than a year you fucking moron. Unless you just think it's dead forever this is about when you start getting bullish

>>13217773
first attempts to break through major resistance/support rarely succeed, or if they do, they usually retrace shortly afterward

Past examples:

Resistance
-1k
-3k
-5k
-10k
-low 4k region
-and today, 5.3k

Support:
-$300
-13k
-6k

If you have old screenshots of low timeframe charts, you can also see that a lot of the time, a major plunge happens after a failed attempt to break resistance i.e. 11.7k, 9.7k, 10k, and today's plunge, among many others

>>13217946
13? try 15

>>13218436
good luck deluded bull, see you at 1k

>>13217670
look at the scales on the axes, these are all distorted to "prove" a point.
in all three pictures we all know it was mooning long before the left of the graph. the start is shifted up in order to fit the scale of the 3 levels (pink, green, blue). also the time span is shifted to make them look like descending triangles, when this time around it's clearly a channel.

>>13218605
this actually seems more probable than all the other charts

>>13218605
I like how you drew that before this giant move, but enjoy being retarded

>>13218605
If that's true, I can still take my profits after it breaks support levels. No big deal.

>>13218605
really makes you think

>>13218895
Indeed, notice the corrections and multiple tests of the bottom for confirmation