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It's not a rollercoaster if it never goes downThis is a picture perfect 2017 scenario that we've been long overdue for. On the way up to the blow-off top in 2017, we touched the bullmarket support band 2 times. We have yet to touch it. The OBV or on balance volume is coiling up similarly, the RSI has been diverging similarly, and the recent price action has been dropping similarly. If there is a time to touch this and get it over with, I'd suggest it be now; however, I think there's going to be too many antsy folks to allow it to drop that far for now. So we'll just kick the can down the road and eat dirt later I guess... So 50k for now then up. And guess what, I'm still longing because 4-5B worth of futures expire on the 30th, and the majority of them are calls, and allegedly they're aiming for 80k. That's a stretch, but hey... buy BTC while it's cheap.
INDEX:BTCUSDLong
by Ungovernable
1
Best indicator of future behavior is past behavior - 43k or 33k Fibs check out, patterns check out, we're looking at 43k or 33k if this patterns tests out like 2017 before it moonshots to a blowoff top. Not all patterns repeat exactly, but the data is indicating that we'll be visiting a new levels that'll make you wish you were pulled out. One thing no one seems to pay attention to is OBV. It's been decreasing ever since Feb. As a good bud of mine said, if we struggled to get past 59k long before, what makes you think we'll do it now with a lower OBV? He's right. We need the long-time bears to invest and everybody else to reset in order to move past 59k for good. The only way to get the bears in here are dropping to 43k or 33k - still up in the air where the low lands before we reach our blow off top. 'Don't take it up with me. Take it up with the data.' - Benjamin Cowen For the record, I'm still longing BTC. What's a 30k BTC when it's going to be 100k+? May do a 50% hedge to get in at lower levels and double up on that percentage position. Expect fake-outs that'll make you think it's not going to reach 43k or 33k before a blow-off-top. Good luck!
INDEX:BTCUSDShort
by Ungovernable
Y'all Ready For this As The GURUs Fool You?? 👨‍🏫 Familiar pattern??? Ready yourselves for this As the GURUs mislead you to the Slaughterhouse... The Wiping and Gnashing of Teeth is soon to come Doomers be warrened with no relief in sight. This is all a code of lies the Ponzi in feeding you as the good book of fundamentals truth were burned long ago and sacrificed for gains. Chanting "We want Tendies, We want Tendies and they were granted! But what cost watch Diamond hand P.S. Prepare Yourselves 4 Pride Obliterating Price Discovery (Not Advice Just A Delusional Ding,Ding) 🤤 #TheyBuyLambos 😂 #lambo? All this time I have been saying #LandThough 🏞🏠🏘 LOL What are your thoughts? Is it bad that people like to realize gains say "Cool! More Dollars now!" Or am I really the only person that's down to pull profit and even short a lot??? LOL No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO" Bra Right now me and Dollars are cool even though everyone hates them and I am all good with for cuz up north CAD and EUR I can't exhaust hating everything but 🤷‍♂️ ANYTHING! "KEEP CALM AND MANAGE THY RISK!" 🤓 I am The Coin SLayer 😈👨‍💻
KRAKEN:ETCUSDShort
by BradySWilliams
88