Elvis has left the building!

Updated

'cmon...

Note

That's not fair.

I didn't even have the time to draw my big bear flag and look what happened!.....Jeez!

Note

I know one thing for sure, we going to have to 'kiss' the log downtrend before going higher... this is where we'll see the pattern emerge.

Note

Everyone is wise to it!

Note

We WILL touch that log down trend line, it is a law of nature.

Note

'Nuff said!

Note

Think this market needs to decide what it's doing before it does anything!

Note

When the TV 'TECHNICAL ANALYSIS SUMMERY' Indicator is leaning hard to the left of your screen and reads as follows:

'STRONG BUY'

1Sell, 9Neutral, 16Buy.

You must know it is time to SELL!

Note

Correction 'when the indicator is leaning hard to the 'Right'......

I do apologise...I'm an old fart!

Note

If anyone actually knows what's going to happen, short term, then please feel free to DM me!

Note

WTF was that!

Note

I'm gonna burn some sage leaves to rid the space of those evil spirits....WTF is this?

Note

Top to bottom that was a 7.95% move in a minute both ways!

Note

This thing has been trending for 22 days now and losing direction big time.

The behaviour changed that Saturday in a 3hour short squeeze and everyone has been taken along for the a ride. Not to mention the truncated bottom waves, and BTC is limping over this log down trend (depending where you position it).

Alts have been pumped and FOMO took care of the rest.

Where to now, who exactly are those muppets going to be who buy out all your long positions again?

My mom ain't buy-in them....so I'm not buy-in it!

Note

'buyin it' not 'buy-in it' ...thanks

Note

Is this triangle that whale was buying into, if so...we pass this resistance level, we blast all the way to 11K..no stopping along the way.

Note

As I've mentioned before, I'm no pro day trader, nor do I want to be... I've got a real life to live.

In life I usually just state the obvious and most people don't like it because their 'safe space' paradigm gets all confused and they reach for their meds. In saying that, if this was a real bull market with some balls, it would be at 12K three days ago.

This thing is so anaemic it's barely got a pulse. Meaning, momentum, where is it?

Look at fiat leak.com, there no buyers in the real world folks... this is the last breathe that this bear market will have for 5 months now... this thing will end like bad Chinese fireworks... more of a whimper than a bang...(no offence, just personal experience).

Maybe 5-9.7% up from here if that... then the best thing for this to do is just give up the ghost...lets all just go for a nice Pina colada somewhere and be friends for a day, enjoy ourselves... forget that we are even bulls or bears...

I've been looking at bitcoin charts for 6 years now, and I can say for sure this thing has lost it's MOJO baby. It's dying and it's over....Remember the post about the bad guy in the movie, where just when you think he is dead, he pops back to life to hack everyone up... well it's about time for that to happen.. Zed's dead baby, what's that honey bunny...zeds dead!

Does anyone out there even know what I'm talking about here!

MOMO...there's no MOMO! (Momentum)...or please surprise me...

Note

Forgot to mention...the MOMO has now been replaced by the FOMO.

Look out below...

Note

Here we go.... Anyone see a pattern emerging hear.

Face it this is on it's last legs with serious overhead resistance and a move down would be welcome and healthy.

Hubris

Related publications

Easy peasy lemon squeezy!

by Hubris

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.