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You removed the first two bearish angles because they didn't fit and add those that have not happened yet. That's why I don't believe in TA. It's usually cherrypicking information to match the thesis. I could point at the higher lows to claim the opposite.
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It's called recency bias, what's happened the last 3 times is more important for the present than those before it. Hence, "last 6mo"
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This isn't even TA, just measuring some angles. The higher lows are noted with the pink diagonals there. However, you can dissect those as symmetric triangles happening inside a bigger descending triangle, with the latter having to take precedence before we break above 7400
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I'm not even saying Bitcoin will not fall lower, but I don't believe it's because of angles. What makes it possible not to happen is the fact that the real bubble was on altcoins and ICOs. Now we see money coming back to Bitcoin what makes its fall much calmer.
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its not because of angles of course. Just analyzing how the buying waves getting weaker and selling waves getting sharper. Just 1 of the 30 things to be looking at, nothing more nothing less. I don't think significant inflows into BTC have begun yet.
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Downward bearish swings are not getting steeper. BS analysis.
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when measured top-to-bottom, and frankly, in any other way, they are. look at the angles.
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Trying to predict the future with angles? Bold move.
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in 2-3 weeks we can come back and see if it was right or wrong
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You’re already wrong for only looking 2-3 weeks out. How much you believe in something can only be manifested through what you are willing to risk for it. On that note; put up or shut up, your analysis says we are heading for new lows this year. I’ll bet you 1 BTC we won’t.
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I accept the bet.
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BTC lows $5755 Ok here are terms: The bet is that the price of BTC will not test a new low in USD terms on Coinbase by Dec 31st 2018 at 11:59pm UTC. conditions: I have the low 2018 price as $5750, this is approx 12.8% lower than current price.
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If this price is breached lower in time you win. Conversely if the price hits $7445 (12.8% over current price) I win.
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No way we’ve already bottomed haha: Swings have become weaker classic late stage cycle Bouncing off 6k repeatedly last 8 mths is positive for
#bitcoin similar $220 in 2015 doesn’t mean the floor is about to fall out There’s no bottom for most Alts...pic.twitter.com/goLQZBOWdq
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you see I think $6000 is the new $400. Do you really think the absolute bottom got hit 1 month after market top on feb 6?...
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It is called “Decreasing volatility” dude. Part of the normal btc cycle at the ‘boring lows’. Do some btc homework instead of TA BS
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^triggered
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