So the support levels mean nothing to you? 5800 shows no signs at all of being able to be breached. We've tested it so many times that your chart can only make people chuckle.
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we’ve only tested it 3 times which isn’t even all that much.pic.twitter.com/7h26hpUQje
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That picture with it falling beyond doesn't look like any part of bitcoin's historical charts. Look at the last great bear market (2014-2015) to see how bitcoin behaves and remember there are far more people hodling these days.
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$6000 is the new $400
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Why connect just the last 4 lower highs? Seems arbitrary
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recency bias
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If biasing recency what about the higher lows?
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they are creating a symmetric triangle (neutral) inside a bigger descending triangle (bearish)
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Is that a linear chart?
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Obviously
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I charted Both linear & log charts of 2018 Patterns of Descending Triangle or Falling wedge are, perhaps, viable options imo Behavior is the difference & So far Time & again Pattern behaved like a FW Breaking to the upside some examples belowpic.twitter.com/hyXEI2j4tR
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3 of 4 of these look more like Symmetric Triangles than Falling Wedges
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aka retail patterns aka shit.
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All due respect, but after a year (for me) of CT TA from bulls and bears, all I see at this point are meme lines. Sure, seasoned interpretation and TA gives us probabilistic outcomes but I am increasingly doubtful of the subjectivity. Thank you for sharing nonetheless.
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The way I approach TA is simply trying to move understanding from 50/50 to 60/40 ‘confidence’, nothing iron
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This is an abuse of RSI
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buzzkill as per usual
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if we see sub 4.5k for a longer timeframe then you wont see the next bullrun before 2020
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yeah and I’m not expecting a bull run before Q4 2019 / 1H 2020 anyway
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