Chart Art - Bears Poaching Bulls on Daily (Story Time)
Once upon a twisted time, amidst the treacherous slopes of Mount Everest, a sinister dance unfolded. Bulls, mighty and majestic, grazed unaware, their strength luring the attention of greedy bears. With cunning precision, the bears ambushed their prey, leaving behind a trail of shattered dreams and broken horns. As the chaos ensued, moonboys in wheelchairs wheeled their way through the chaos, hoping to find solace in the serenity of the summit. But fate had a cruel sense of humor, for the bears, driven by their insatiable hunger, turned on the moonboys, wielding sharp blades as they tumbled down the icy slopes. In the depths of darkness, a macabre symphony played, blending tragedy and comedy, as the mountain echoed with laughter, forever stained by blood and rekt portfolios.
The end.
Djshib
Moonboys
BTC lazy analysis : going up ONLY
Here is my astrological analysis for men with culture and also for women of culture (damn i know you'll like it).
My thesis on what's going to happen on bitcoin those next few weeks:
only up only up only up only up only up only uponly up only up only uponly up only up only uponly up only up only up only up only up only up only up only up only up
TO HATERS:
IT'LL MAKE YA MAAADD
90 % crash coming soonI'm not going into details, but this is my final warning. Why do I think it will go so low? Because when you zoom out and see the weekly chart it's just one straight line. Pullbacks are only seen on lower time frames. It will break 200 weekly MA because it never did n history and this will be a final collapse of crypto where only the strongest coins will survive. Very similar to Dot com bubble in 2000. I'm expecting comments like: "what a moron", "shit TA" and another 10k replies from Tadouh telling me how much of a shit trader I am. Who is Tadouh? Just another guy from tradingview who missed buying the bottom and is now spreading negativity on anyone who is currently bearish.
Should we Sell ? NOOO PANIC Selling!!!Hi guys with Rae,
It's getting crazy we could fall to the strong support around 38-40K level
with all the bad news around the crypto space, anything is possible, perhaps it is an option to get in cheaper for the large instutions.
Elon muks had said in a tweet 3 days ago that he finds the prices of Ethereum and Bitcoin to high.
But i think that this correction is good for the long term we could reach 60-65 k witihin Weeks/Months
#HODL Strong.
Have a great days moonboys! Don't get rekt trading with Leverage.
Goldman Sachs is right! About BITCOINBitcoin has no intrinsic value but they forgot about Fiat which is the same shit. An intrinsic value asset example it’s gold. If you are not trading gold for goods and services it has value as it is ,using it for jewelry’s or circuits and so on. same thing with oil and other stuff. But the fact that Bitcoin has no intrinsic value doesn’t mean that Bitcoin has no value at all like Fiat everything that we believe has value Will pretty much have...as long as we believe it.
Also I do not think Bitcoin is undervalued, The value of bitcoin it’s exactly the current price but this does not mean that tomorrow will not be 0. Comment below what do you think?
DJI & BITCOIN ARE HIGHLY CORRELATED. DOOMBOYS TREND IN CONTROL DJI & BITCOIN ARE HIGHLY CORRELATED
When DJI bottomed on March 2009 (GREEN), this was when btc was created, early 2009. This also ended the global financial crisis of the early 2000s.
On Oct 2011 (YELLOW), we saw a retest of the 200W ma on the DJI around 10500. This retest resulted in a massive surge in the btc prices: price rose from $2 to $15 or approximately ~600% surge
We also noticed on AUG 2015 (BLUE), The DJI bottomed on the 200W ma at ~15300. This also resulted to the start of the famous bitcoin bull run and priced went from ~$200 to $20,000 or simply 10,000% ROI
Recently, we witnessed a huge DJI sell off from 29600-25400 or ~14% decline and also 18-20% decline in btc prices ( from 10500-8400).
The DJI is approaching two key points
1- W200ma at 23547
2-M200ma at 15095
If scenario 1 holds as a support, like it did previously, we can expected btc price to continue it uptrend to new all time in the near future
However, if scenario 2 is to play out and we are to retest 15000 DJI, the most probable scenario is btc to break 6k and attempts to find support at mid 5K. Current price of btc is 8700. This would results in a 3000 points decline or ~35% decline.
Two key areas for btc
1-5500, 0.618 fib retracement from 3100-14000 on log scale (light green line)
2-4200 0.786 fib retracement from 3100-14000 on log scale (blue line). But my extreme bearishness is 4800. This could be a strong buy zone regardless if it drops lower
These two scenarios are valid if and only if the DJI find supports on its 200W ma at 15095.
If the DJI is to retest it 200M ma, BTC will MOST likely break 3000
This will be invalidated if btc breaks 10500 before retesting these two key areas.
I'm currently 75% bearish due the the monthly candle closing below 9k (was 60% before the monthly candle close)
GOLD ANALYSIS MIRROR ALERT!I'm going to keep this very simple for all of you, gold is a very violate pair and many analyst's get overcome by so and so signals and don't look at the FACTS.
Currently gold is bearish in the weekly after a long 2 years of bullish price action a correction is due along with the monthly timeframe bearish divergence, this week after a huge drop a pullback is due in the 4 hour time frame.
2 things could happen
1.bullish price action breaks the support turned resistance at 1480 and we could see a mirror from October 1 to around 1516
2. the resistance holds at 1480 and the bears take over to around 1400 and retests 1480
News could break the resistance or according to the RSI or if its overbought by then in the 1 hour it could produce a bearish price action to 1400
4 hr Possible Inverse Head and Shoulders.Woke up this morning had some tea, and a small shot of Hopium. We are forming a possible inverse head and shoulders on the 4 hr. My stop loss was hit yesterday so I am currently waiting on the sidelines to see how high we can go. Oversold on Rsi, this may just be a "refresh" of the RSI to lead to further downside action. My targets are as follows: High 5780 then possible rejection and downside target of at least 4700-4800. Let us try to put aside "moon boy-ism" and "hopium hits" and look at the facts. We will not allow Wall Street to get all the bitcoin at discount prices. To infinity ... and beyond.
When you wyckoff on a moonboyScenario where we break down and see a potential ranging area that if it played out like this could take quite some time before making a major move out of it.
I'm still bearish short to medium term and hopeful for a long term BTC bull run some time in the next 18-24 months. Swing trading in the interim with extreme caution.
I am probably wrong. do not trade on my ideas. If you are proficient at TA of any style/discipline and you see something wrong in my chart, please reach out and help me improve. I am here to learn.
Good luck with your trades.