DivergentThought

DivergentThought

Friends, do not let the lettuce handed sissies shake you outa your bags! There is a HUGE bull hammer that formed around the 60k level. Someone just purchased 961M dollars worth of btc on the Gemini exchange. For now, the 60k price level holds as the bottom. We shall see what happens with Mt. Gox unloading 9B worth of btc + the German gov't selling their btc bags.

DivergentThought

Friends, as I posted yesterday, we are seeing a massive 1D ascending wedge (bull flag) in the 1D interval. As many correctly predicted we should continue to see sideways chop (trading) through the Summer. Again, this is totally normal for the post-halving re-accumulation period before the epoch (cycle) parabolic spike arrives. Many of us agree that the longer that...

DivergentThought

Friends, there is HUGE ascending wedge formed in the 1D interval. We see clustering price action around the range high resistance of 71k-72k. Additionally, btc has filled the Daily CME Gaps from 64k & 62k, but this may be tested again, which is not uncommon. BUT! 62k should be the bottom with the scending wedge growing narrower which should lead to an upward price...

DivergentThought

Friends, when you hands twinge to turn into lettuce, go visit the 5M in logarithm view. This tells the entire story of BTC and why it is so freaking amazing! When the willfully ignorant state that BTC is "too unpredictable", "too chaotic" and "too volatile" you send this to them and ask where that is seen. Stocks are far more unpredictable because they are solely...

DivergentThought

Friends, since 23Jan24 btc has retraced nearly 50% (from 73.8k to 57k-58k) in the 1D interval which also coincides with the EMA100. That said, RSI has also (hopefully) bottomed. The question is, has btc found the local bottom with sufficient support as we move forward into the re-accumulation period before we experience parabola? If support does not hold we will...

DivergentThought

Friends, since 23Jan24 btc has retraced nearly 50% (from 73.8k to 57k-58k) in the 12H interval which also coincides with the EMA200. That said, RSI has also bottomed. The question is, has btc found the local bottom with sufficient support as we move forward into the re-accumulation period before we experience parabola? If support does not hold we will likely find...