New thread for Bitcoin watch. Better art style.
Despite the last bearish craze, I believe we are still in a good shape here.
Despite the last bearish craze, I believe we are still in a good shape here.
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I honestly think ATH is still possible in a year.
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If we lose the bull flag, we can be bearish until the support (the gigantic range).
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Because when the music stops, you will see him who always comes.
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But remember, after Bitcoin did those crazy moves FED started QE like crazy after COVID in 2020. FED will not do such QE until the economy completely crashes. That's the way.
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Ltf has options. I like the orange one.
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This looks like a classic Bitcoin distribution start. But they will probably hurt early birds.
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The degen ones.
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Let me see the hands. Who wants to buy here?
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Looks like bubble will grow. They are setting up some altcoins. I mean on a weekend but whatever.
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Looks like the orange one so far.
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Sell pressure is real. Be careful. Don't hate counter arguments.
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Maybe pushing it so hard was not the best idea, bears.
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Bears shouldn't be excited too quickly. If they do, Mr. Market can surprise them. For example:
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6k is the bottom. I dreamed it.
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One last up thrust is possible. Don't get it twisted. Bitcoin is not bullish even for short-term unless it breaks 24900. Anything below is pure bullshit.
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Possible doesn't mean likely though. The top structure is okay. A little bit more chop and dump is a good option.
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Especially alt shorts are dangerous right now. Some alts can go crazy while BTC is still ranging.
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Isn't it amazing that this is still holding? But still no serious pullback. Daily chart just gives you acrophobia.
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Weekly candle looks like a rejection candle to me. It needs pullback + long accumulation period if it has a chance imo.
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Turns out this supply trendline was real. As a part of a bear flag. Whatever the market respects. Unhealthy runs like this have usually 2 options:
1. Horizontal cooldown and up only until macro supports are reclaimed.
2. Crazy reversal. Possibly a full reversal. Eiffel tower.
Option 1 is gone. So, we will see. Personally still holding my shorts in loss. Almost recovered all. Not even a hedge in crypto right now. Let's just see if the market can build a nice bottom.
1. Horizontal cooldown and up only until macro supports are reclaimed.
2. Crazy reversal. Possibly a full reversal. Eiffel tower.
Option 1 is gone. So, we will see. Personally still holding my shorts in loss. Almost recovered all. Not even a hedge in crypto right now. Let's just see if the market can build a nice bottom.
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I buy the one on the left. I don't buy the one on the right.
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Punish them hard for violating our beloved line.
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Not enough. Harder.
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Short and strong 🫡
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we protec
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Umm guys. What about giving up?
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🫡