Bear market. The Eye of Sauron. Dont get your hopes up
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if it went straight vertical at this moment.... The cap would be 4140.... BE CAUTIOUS!
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Bingo Bango Bongo.... Bearish Wedge
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Brakes On Fun! Capitulation Troll!!!
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How I made that fib retracement
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One last thing to consider in similarity to 2015 crash. It was the only time that the weekly RSI tapped 30. It bounced and then went under 30 just a shade. Could we be experiencing something similar?
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Something bad is about to happen... crypto, financial, geopolitics... I dont know. My money is off all exchanges for the foreseeable future
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SEC crackdown? Something big is about to crush BTC
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Holy crap.. you guys have been ultra supportive of me even though this was all crafted off of linear charts.. I made a ton of mistakes and many of you were nice enough to point them out in an educational way...
If its not obvious i lift weights. One of the running jokes in the gym is that you can always tell who skips leg day. Well, apparently in the charting gym.... I missed log day.
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This will be the last update for this post. I will be crafting a new idea after we retest and the conclusion of that is drawn. I feel as though this was a very very educational idea for me. I'm not going to say I KNEW IT even though i believed in it. I GOT LUCKY! This community can be absolutely incredible! Tradingview, you have a gold mine sitting under you, with this social network!
Anyways on to the point. First off, I have a question. Can linear charts apply to long timeframes? Because my linear "eye of sauron" acutally held up effing nice! We had 3 tests and then a fail.
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