pacman7331

pacman7331

Bitcoin is no different from the central banks. The scam is owned by the 1%, who own 80% or more of the entirety of bitcoin. The future is not a punk riot. The future is not based in fear and greed. That is the past. Blockchain technology is great, but technology itself doesn’t create the future, people do. So there is no bitcoin utopia. Bitcoin is only creating a...

pacman7331

If you are afraid to buy bitcoin right now. Don't be. Whilest we are below 200 daily, 21 weekly, and Total crypto death cross in imminent. You will not win by shorting here. The death cross is a false signal because the 200 in rising. We have 4 hr bullish Divergence on all indicators. We have daily Bullish divergence on MACD We are being held up by a trend...

pacman7331 Updated 

As above so below. Nothing goes ever straight up or down. We are in a possible medium term bounce zone. Bull market still intact, as we stopped right at the 200 daily MA. We are also stopping at the .50 retracement from low to high 3k-14k. This is also the heart line of the downward channel from 14k. Oversold on daily 15m just broke above emas We may have...

pacman7331

I feel like I don't need to post anything because it's pretty obvious what bitcoin is doing... Bull trap after bull trap after bull trap. I think if you are getting trapped in longs here you should not trade crypto, you're way too easy to steal from. Amazingly people are still uber bullish. As we continue in a DESCENDING TRIANGLE, at the top of what looks...

pacman7331

We just broke a downward triangle. But this baby has 3 levels. A bounce from the low to the .5 fib would be ~ 9800. Short here for further profits. 4 Hr MacD building negative momentum Broke key support RSI in a downward triangle still hasn't even broken 40.

pacman7331

.5 fibonacci, again acting as resistance as another descending trendline parallel to the last rejection is hit. We have bounced off of 10k about 8 times now. I think we could draw a line across it and say it's a neckline of a triangle. Using these two trendlines we can see another downward triangle, imminent completion. If this is wrong, we simply create a...

pacman7331

::Caution Ahead:: .5 Fibonacci has been a reversal zone out of these bear flags. We've had 3 bear flags as you scan see making a symmetrical or downward triangle. First one was a reversal to upside. Second one to downside as bearish trend continued. Third one? May not go to 11.5k like people want. Don't miss the trend line below that that also is acting as...

pacman7331

So yea lots of lines here, and I redrew my previous idea for a larger triangle just incase the 10.6k resistance breaks. I think that triangle is still valid but if it does break we just enter a larger triangle. Here we got upward and downward fib channels ATH fib (in white) and green fib (from 3.4K-13.5K) and we got a downward triangle forming with neckline at...

pacman7331 Updated 

Looks like the Bitcoin bubble is popping again. Critical support line has broken. Alt season is canceled. But since right now 4 hour is oversold and we have bullish divergence on the MacD. One could set a target at the top of that triangle to sell or short. ~10.5 Don't hold too long. Lower prices coming. Ponzi has been exposed. Nobody wants crypto.

pacman7331

Could short here. 4 hr bearish divergence on macd. Or could wait to hit that 50% fib channel line (green). 4 hr rsi almost overbought. Bears do need to pick up the game. Bulls getting those higher lows since 9700.

pacman7331

I've seen both descending triangles and falling wedges as explanation for recent price action but to my mind neither are correct. You gotta negate the blow off top somewhat. Triangles account for it in their figure, but the bear flag channel doesn't, save for offering the dump support on that heart-line, which in the triangles has no structural support. We are...

pacman7331 Updated 

The longest RSI uptrend in history of Bitcoin, lasted from October 2011 to August of the next year. ~10 months What we are looking at now is similar. Our daily RSI bottomed in November 2018 and price met it's bottom in December 2018 creating bearish divergence. We have been in an RSI uptrend ever since. We haven't surpassed the 2011 uptrend we're probably 2nd...

pacman7331

"there can be only one" (direction) /sarcasm

pacman7331 Updated 

Update of previous idea: 4hr volume not yet high enough to initiate short. Redraw the upward channel. stoch rsi about to hit 40. look for bearish divergence on macD if we break out of channel to short.

pacman7331 Updated 

So yea... If/when we drop out of out of the upward flag channel Watch for volume spike for confirmation Short for a target of ~ 8.5k. 50% profit at the 38.2 fib ~ 9500

pacman7331

H/S top at the .618 Short for a breakout target of 10.5k

pacman7331 Updated 

So yea, looking at the fib retracements since 20k we usually retrace to the .618 or at best the .786. And we are currently at the .618. Nothing has changed except us breaking a trendline, and the 200 ma. We have broken or tested the 200 ma at least once before in this bear market and also broken the trendline before ( for another to take its place later) so that...

pacman7331

So yea... ~ 13.5-14k should serve as a top at least temporarily seeing as we have: • a 61.8 fib retracement there, • a couple monthly candle tops there, • many weekly bottom candles closed, • the volume still a bit low • a triple top possible on the RSI • a top on the MFI. • Shorts still increasing