floatingturd

floatingturd

We have a possibility to break up or down soon. We are holding onto the stinky shit rope that is the 28 day moving average, (brown line) but our noses are right in front of the piss triangle (yellow lines). However, I see a bearish and bullish divergence conflict with the RSI and CMF. This doesn't make it an easy call for an epic novice like myself. On the Tom...

floatingturd

We have the 28 day moving average (light blue line) pressing down on the candles with the 4hr chart. On the 12hr below and daily chart we have bearish divergence with the RSI. Not shown here is the weekly volume trend, but it is still heading down. Watching the volume in real time on binance, I can also see a subtle decline in volume while the price has been...

floatingturd

Just a little bear flag. If we break down from it the next downside target is about 6300.

floatingturd

...a big, brown, smelly loaf that could peel paint off the walls. We have divergence on the 4hr chart with the RSI. Also, the Chaikin Money Flow is bearish across all time frames. I'm still out on this bounce guys. I think the top of the bounce could be as little as 7000 or 7100. Why take risk when 7100, (white trend line) poses as a huge resistance? Bitcoin is...

floatingturd Updated 

We have dropped enough to look for a bounce, but the conditions aren't good enough for me. We are oversold from the 1 hr to the 4 hr RSI, but the 12 hr and daily aren't near oversold on the RSI. We had the 28 day, 50 day and 200 day moving averages cross on the 1 hr, which is looking pretty bearish. We'd be better off if we bounced off the white trend line around...

floatingturd

My last analysis was close about calling the upward break limit. We didn't get much higher than $7700 as I thought, while others were predicting and hoping to hit $8000 before we came back down. This remained a no trade for me well before my previous chart, but we do have a possibility of getting a more legit bounce this time with the TD sequential. On the top...

floatingturd

Okay, my last chart was wrong in the short term, but overall I'm still bearish. I don't see us breaking up over $7700 in the next few days, but I do see a huge reverse pooping bum pattern on the 3 day chart. You can also see it on the weekly. However, the 3 day chart has been excellent for reversal 9's using the Tom Demark Sequential and they are within this big...

floatingturd

A short term bounce or upswing is possible, but not likely. The volume is decreasing on the daily chart. Any small increases in volume only seem to be coming from selling, only for the volume to decrease again when selling pauses. The Chaikin Money Flow shows heavy selling pressure across most time frames, but when it shows on the 12 hr and daily, it really should...

floatingturd

We just broke a nasty bear pennant and the bear is taking a giant crap. Using the pole as a measured move, we are going down the toilet again and the bear isn't wiping its dirty ass. Looks like the target is around 6400 or so, but obviously, the pole I measured with isn't exact by any means. Volume has been weakening all day and it only started accumulating around...

floatingturd

I don't know how bitcoin is managing to hold over 7500 for any length of time today. A few hours ago we had a text book bull flag, but the volume was so weak that we only broke sideways out of it. That's not a good sign. Now bitcoin is in a small pennant, but again, the volume is so weak it's hard to imagine it breaking upwards when it reaches the end of the...

floatingturd

The 15 min chart can be taken with a grain of salt, but this bull flag looks pretty nice. We broke out of the wedge too.

floatingturd

When the hell will it bounce? This is getting ridiculous.

floatingturd Updated 

Just a short one. Bitcoin got a 9 candle (Tom Demark Indicator) on the 1 hr, which hasn't happened for a while. A price flip to the downside is in effect. Bitcoin is going down combined with some other reasons. The Chaikin Money Flow shows selling pressure across multiple time frames including the 12 hr chart. Volume is pretty low etc.

floatingturd

It looks like this latest bounce is already losing steam. The CMF still shows heavy selling pressure on the 4 hr chart, while it is just about to break below zero on the 1 hr. Selling pressure is also below zero on the 12 hr. On the other hand, the RSI looks oversold on the 4 hr and 12 hr, so there might be a revival in this bounce yet. I just don't see enough...

floatingturd

Wish I had done this before I went to bed, but my alerts woke me up, so I may as well do it now. Currently we are bouncing up from 8690ish, but it will be short lived. I don't expect the bounce to go much higher than 9000, Here's why: The RSI was already bearishly divergent with the 12 hour and daily charts. Also look at the CMF. It is a pretty new tool for me and...

floatingturd

The Chaikin Money Flow has selling pressure on the 1hr and 4hr charts. The RSI has bearish divergence on the 4 hr, 12hr and daily charts. The overall volume is getting lower. Moving averages are looking bearish across multiple time frames. I think we are still standing falsely 1000 dollars up from that short squeeze. Bitcoin just can't seem to bounce with any...

floatingturd

Bearish divergence across multiple time frames with the RSI. Decreasing volume with price increasing. Heavy resistance at the 200 day moving average, which has rejected us before. I think we may be headed for a pull back.

floatingturd

If you refer to my previous charts you can see we've had two pooping bum patterns, (one with a wiping hand visible in this chart) signaling more downside. Today we witnessed a big bidet candle, which made quite a splash. More experienced traders will also know this as a huge shart squeeze, which liquidated a lot of shorts. It was such a big mess bitcoin had to use...