bitcoin basketball bubble 2017
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good day
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hi, thanks for the 16 likes!comparing to previous time ranges:
tradingview.com/x/77WOzSPN/I tend to summarize / squeeze the future time range a bid while drawing and since tradingview doesnt always seem to let me add unlimited future white space.
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sorry, broken linkNota
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favio fast trends can not be sustainable so they break more often. In average most people seek to go back to average. Nota
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(another false breakdown wedge like 2 days ago :-O?Nota
(no trading advice for now. im personally just long term short, since near 5000)Nota
maybe this is a descending triangle. this is typically considered as a more moderate / stable trend fighting againt a specific psychological price barrier (horizontal line) and eventually winning. Im still relaxing though and maybe just sell later.
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still waiting. guess it should turn soon and before 4100 ( 78,6% retracement since 4380 ) to avoid inducing any false ath mania/bull trap too soon again which could be followed by shakeout alarm. i mean long squeeze and short squeeze potentially happening in the same day, like march 10, depending news to come. Nota
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cointelegraph.com/news/china-ban-on-ico-is-temporary-licensing-to-be-introduced-official last time the FUD about china ended in april (2014) so it actually neither started nor ended the bubble, just maybe accelerated the trend it took anyways.Nota
i meant this one actually: coindesk.com/chinas-central-bank-governor-pboc-wont-ban-bitcoin/ - - and the previous bitcoin low took until january 2015 , below $200Nota
bulls remember parbolic growth and S curves rarely came to stay ( old post:
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time to short . if this is true it wont get any much better.Nota
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