MEME TRIANGLE

[Anonymous No.11256851]

After the better part of a year, we're literally a week or two away from the end of this thing. After all the fucking misery and bullshit we've been through, and with the uncertainty of what lies ahead, how do you all feel? What do you think comes next?

I'm a bit apprehensive. For most of the year this thing has looked like a descending triangle, which usually breaks downward. With the massive dump from 7.4k at the beginning of this month though, we found a higher low at 6.1k. Does this invalidate the formation? My gut tells me we'll be rejected again at 6.7-6.8k. If a new rising bottom trendline is in play, that bottom would be around 6.3k. If this holds for more than a day or two, we could be looking at the beginning of a glorious new meme. Our salvation. A Sminem Line, if you will.

How would you all feel about the prospect of an ascending triangle? A FOMO rush to 10k, a hard dump back to 6.5k, followed by months and months of an unbreakable 10k until the rising bottom squeezes the price to break out. By then, all the institutional shit should be in place ready for the golden bull.

Would that be better or worse than us going straight to 4-5k or lower next week? At least in that case, the months of wondering if we're all fucked would be over.

[Anonymous No.11256865]

>>11256851
>we're literally a week or two away from the end of this thing
10/10/2018

[Anonymous No.11256869]

BTC will go up to $14000 to liquidate all short and the violently crash down to $1500. This all happens within 60-70 minutes. You're welcome.

[Anonymous No.11256900]

>>11256865
XRP going to the moon!

[Anonymous No.11256914]

>>11256900
its obviously Bitcoin.
just look at their depiction of BTC in the media, looks familiar..

[Anonymous No.11256922]

were going to the negatives

[Anonymous No.11256923]

>>11256914
It obviously was but isn't anymore git gud!

[Anonymous No.11256945]

>>11256923
>thinks Rothschilds will change their plans to exclusively pump your non crypto shitcoin

[Anonymous No.11256960]

TA is basically a joke apart from when it's obvious

Weekly volatility has been the best guide for finding bottoms in Bitcoin, and we're probably not going any lower. Last time 10% the entire mined supply of Bitcoin was stolen and then sold into a bear market, doubling inflation. How the fuck are we expected to go through that again?

[Anonymous No.11256964]

>>11256865
Cool, but none of this looks like happening in the next few weeks to address the issues discussed in the article:

https://www.zerohedge.com/news/2017-07-09/economist-get-ready-world-currency-2018

[Anonymous No.11256989]

>>11256869
That's... I would not actually bet a nut that this couldn't happen.

[Anonymous No.11257004]

>>11256960
Isn't there still supposed to be a lot of SR/MtGox coins out there to still be dumped? Although any other old whale wallet coming to life after years will cause a panic.

[Anonymous No.11257018]

>>11256960
bottom is in senpai, bounce inc

[Anonymous No.11257030]

>>11256964
maybe it is and we are not fully aware of it, maybe its chainlink mainnet and their fiat oracles...

[Anonymous No.11257104]

>>11257018
Looks alright. If we did confirm higher lows though, I have zero confidence that we wouldn't collectively screw it up by overheating the market again. A pace like the first quarter of 2017 would be nice, giving us a new ATH by end of next year.

[Anonymous No.11257108]

>>11257030
Glad I'm not the most optimistic person in this thread.

[Anonymous No.11257117]

Pump to 7200 (out of the meme triangle), to liquidate all shorts/trigger stop losses, followed by the immediate dump back inside the meme triangle, leaving a massive wick behind. Then a capitulation of some sort. Probably a massive red dildo to 4k, followed by the 2k green dildo with a massive buying volume that brings us above 6k again. Then trend reverses to positive. Some upside to 9k or so, everyone gets excited, anticipating the gains from a golden bull run. But btc dumps to 6k again. Everyone starts to throw in the towel, saying this shit will be at 6k forever. Then after a long consolidation phase a massive green dildo with ever increasing buying volume brings BTC up to 12k overnight. And it keeps going up, with minor corrections. ETFs get approved, Coinbase lists alot of altcoins, goverments announce they wont be cracking down on crypto. Previous ATH of 20k gets breached easily, and after a week of consolidation BTC establishes a new support at 20k. Screencap this.

[Anonymous No.11257144]

>>11256851
How did you learn all of those concepts, terminology and analysis? Just curious, cause I want to learn and understand and idk where to start with the little time my cuckwage job leaves me.

[Anonymous No.11257150]

>>11257117
You had me right up until the part governments decided not to be cunts. We can still dream. I'd look forward to the Bizonacci videos.

[Anonymous No.11257162]

>>11257144
I'm mostly just bullshitting, but if you're interested in learning about technical analysis, here are some resources:

https://www.investopedia.com/university/

https://www.babypips.com/

Babypips is forex-focused, but most of the principles apply to crypto.

[Anonymous No.11257194]

I'm going to bed now. Don't break out of the triangle without me, anon.

[Anonymous No.11257203]

>>11257162
Aight thank you anon.
I want to learn about the concepts, but I will probably not do so anyway cause I'm too tired and lazy.

[Anonymous No.11257269]

>>11257203
its ok, thats just people wanting to use jargon for its own sake, no one has a damn clue about whats gonna happen on this market or any for that matter

[Anonymous No.11257278]

>>11256851
>For most of the year this thing has looked like a descending triangle
zoom in a little