Breakout or fakeout?

[Anonymous No.8112989]

Goys of /biz/ what do you think, is this a breakout or a fakeout? Overall trend still seem to be downward but long term movement using moving averages in the monthly and weekly tell us the worst is already behind us. What do you guys think? Are we in the clear or is this is a bulltrap by whales waiting to dump their bags on unsuspecting tards who bought at the top or those who FOMO'd?

[Anonymous No.8113030]

>>8112989
Obvious fakeout, volume is low and whales are cashing out.

[Anonymous No.8113071]

>>8112989
Double top. All according to the prophecy by far.

[Anonymous No.8113101]

>>8112989
Doesn't matter.

The intrinsic value of BTC right now is 10.5k.

If you buy it now, you're buying it at a high price.
If you buy it when it's lower, you're buying it at a low price.

But by the end of the year it'll reach 50k easy.

[Anonymous No.8113124]

>>8112989
It could go either way, but I'm betting we're still gonna see more steam before it finally drops to a dip. Monthly and weekly paint a different picture but yours tell another story.

[Anonymous No.8113146]

>>8113101
>The intrinsic value of BTC
Stopped reading right there.

[Anon No.8113175]

>>8113124
Do you think we are really going sub 3k?

[Anonymous No.8113179]

>>8113124
Which is why I'm having second thoughts buying yet. I also use MA in the monthly and weekly to determine where the wave goes next but the dailies clearly tell a different picture. I'm staying the fuck away until the signals it carries remain consistent.

BTW your weekly shows we are still in the downtrend DESU.

[Anonymous No.8113191]

>>8113101
>The intrinsic value of BTC
BTC has 0 value, brainlet.

[Anonymous No.8113389]

>>8112989
Clear fakeout. Volume is drying up. This only tells us there is little steam left and price movement doesn't reflect "natural" market movement. It's just whales pumping and dumping to get more out of this sideways movement. They're not going to do this indefinitely as they'll run out of BTC and cash if they play this game long enough. It's gonna drop back to earth and we'll see nothing but pink wojacks from here on out.

[Anonymous No.8113494]

>>8112989
It's actually a fake-fakeout. Golden cross forming, strap-in for the mother of all bull-runs.

[Anonymous No.8113530]

>>8113494
Look at the volume and MA: clearly fake whales trying to fake fake-fakeout.

[Anonymous No.8113537]

Stagnation after +2000usd bull, not gettng past the previous top, zero volume.

You know whats coming.

[Anonymous No.8113599]

We only need 150 btc sell to push price down to 10060, where whales will fud.

[Anonymous No.8113706]

I closed my short, 11k held 3 times already. It's not going to jump straight up, but trying to find some stable growth.

[Anonymous No.8114545]

>>8113030
Volume low
Whales cashing out
you are pic related

[Anonymous No.8114792]

Looks like accumulation before a pump. Once we get above $12k the sideline money will come in.