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10255320 No.10255320 [Reply] [Original]

We couldn't even break past the lowest high on the daily chart, both the slow stochastic and RSI are below 50 and on top of that the short term EMA is below the long term EMA.

At the very least we have a small down trend before the next bull run. AT THE VERY LEAST.

>> No.10255911

still holding though

>> No.10255940

The more confident I am in the tech the more bear I become. A 1 or 2 year bear market would be amazing, I would fucking love it.

>> No.10255958

>>10255940
we are already 8 months in bear market

>> No.10255961

>>10255320
I hope so. More accumulation.

>> No.10255967
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10255967

>>10255958
as opposed to this, we are only at the beginning.

>> No.10255977

>>10255320
CNBC recommending or teaching how to short Bitcoin is all the bullish news I need desu m8. Time to get comfy and wait for a slow, steady uptrend before another parabolic peak eoy.
>le denial meme

>> No.10255980

>>10255958
Yup. A year or more after this would suit me great. I am worried that the moon missions are over now that regulation and derivitives are here.

>> No.10255989

>>10255977
Bitcoin continued to go up for a short while even after it was talked about on the news every single day.

>> No.10256007

>>10255989
I'm not sure how your point relates to my post, but thanks for the (You)! It's easy to be pessimistic about the future of cryptocurrency because of the last 6 months, but Metcalfe's Law and Wall St. seeing another potential bubble to wildly inflate with normie money is simply too obvious to ignore.
>deluded permabull

>> No.10256270

>>10256007
I'm not a permabull. I'm just an observer of market patterns and my conclusion is that in the near future we will continue to be in a downtrend.

>> No.10256295

>>10255320
>moving avgs
Never going to make it with lagging indicators anon

>> No.10256419

>>10256295
All indicators are lagging indicators. They're still useful for establishing the direction of a trend.

>> No.10256976

>>10255967
Following this pattern we will easily hit 3k

>> No.10257016

>>10255320
That's how these damn bears getya