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49726603 No.49726603 [Reply] [Original]

What is this pattern called?
And are we break below $20k today?

>> No.49726617

It's the Shark Fin.

>> No.49726635

>>49726603
ponzi

>> No.49726640
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49726640

>>49726603
t-12 minutes

>> No.49726665

The double bottom reversal.

>> No.49726694

>>49726603
I don't know but as a leveraged longer, I can honestly tell you that we are fucked. Not because Bitcoin is going lower, that can happens even in a bull scenario.
But because of the fud.

Look up on twitter, everywhere, if people weren't fudding but trusting their investment on BTC while the word crash, we would see only up.

Fear and Greed index at 7 on 100. It's the lowest ever I think. And that's only calculating the sentiment over Bitcoin

>> No.49726713

A textbook bull trap

>> No.49726730

At this point i'm beginning to believe Bitcoin is net negative for Crypto with its failing narratives

>> No.49726731

>>49726694
Buy signal

>> No.49726818

>>49726694
Alts are more bullish than BTC at this point unironically, Smart contract use cases are literally what caused this (pathetic) bull market to begin with, Now BTC is dragging everything down with it because the store of value theme is losing ground, Not only that even as long term investment it's becoming dull, Both the Nasdaq and S&P outperformed BTC since 2018 by factor of couple multiples

>> No.49726838

>>49726603
i believe the pattern is called "20,000 feet until impact"

but in reality, it's more like 3-5k until impact, because that's when a lot of exchanges will collapse, and collateral calls/liquidation will market sell bitcoin down to the low thousands. the only way i see bitcoin surviving that is if it coincidences with the fed reversing policy and returning rates to zero, which may happen, because recession is just around the corner. but any kind of positive yield, even if it's below inflation, is enough to kill crypto.

>> No.49726922

>>49726818
This, main bags LINK and PNK, actually going up against BTC and ETH significantly. Don't think button is in until these alts get rekt vs BTC

>> No.49726962

>>49726922
They did got rekt in the capitulation wick few days ago (And the fucking 12 months leading to it, Most alts are down -95% already)

>> No.49726970
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49726970

>>49726603
>are we break
FUCK OF NIGGER PAJEET BOBO BACK TO POL ALREADY INCEL

>> No.49727590

>>49726962
we are no where near capitulation. capitulation is a bitcoin vs a rent payment or less, not a bitcoin vs a new honda civic.

>> No.49727614

>>49726603
>What is this pattern called?
the wagie maker