sequel thread to "There's one last little Bitcoin pump incoming before the dumping resumes"

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sequel thread to "There's one last little Bitcoin pump incoming before the dumping resumes" Anonymous Thu, Nov 16, 2023 06:46:18 No.56679278 [Reply] [Original]

Previously at ~36550, you were told Bitcoin would pump: >>56672096 and to check 4H Stoch RSI for confirmation. It pumped to 37950 after that post.

The 4H Stoch RSI has now topped and is falling. It topped at 37950. So the 4H is now falling –> in conjunction <– with the 1W also falling from its top. The 1D is pretty low but the 1D (especially as it's not at 0 or 100) doesn't mean anything either way (whether price will pump or dump) right now considering the current positions of the 4H and 1W. Crucially this Stoch RSI data must be combined with the situation regarding the massive Rising Wedge which the market is trading BTC within; the price just bounced down from the roof of the wedge (if it had broken out above it, despite the Stoch RSI data, that would've been a bullish sign - it didn't). If a fast and sustained dump occurred from here, then BTC would hit the floor of that rising wedge somewhere between 27k and 30k (depending on the speed of the dump). If it gets to the bottom of the wedge, what you need to look out for then is whether it bounces up or falls through. If it falls through the floor of the wedge and then goes below 25k (that's currently of course; weeks from now the crucial number would be higher) then the situation would be extraordinarily bearish in an unprecedented way as the price would be significantly below Bitcoin's self-established [1] logarithmic curve which within the whales have traded Bitcoin since 2015 (they always bought in at its bottom and always sold at its top).

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> [1] The one manifested purely by Bitcoin's price action and entirely based on BTC's candles, which was fully established in 2015 and has since been used by the whales to sell the tops and buy the bottoms (effectively causing the price to never go above the roof of the curve or below its floor; with the exception being at 15.5k where it was ever so slightly below - which was worrying enough): https://i.warosu.org/data/biz/img/0560/28/1693915553837617.gif

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