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Sentiment tracker (2021) 2 replies
DislikedBTC in bearish sentiment for several months. Next driver down related to possible US ban because of this hummiliating case: Colonial Pipeline Maybe ban wont be realy implemented but some political talking and loud announcements we can see in US.Ignored
DislikedSo this 30-40K channel is holding strong. I have no idea if the consolidation will complete next month or next year, but I think it'll be smart to follow the channel break whichever way it goes. Ie long if it convincingly breaks to the 40Ks, short if it convincingly breaks to the 20Ks. I'll probably get in on that trade, and this time I'm using CME futures.Ignored
Disliked{quote} I wouldn't consider this a convincing break above $40,000. It's gotta hold for a while. Cryptos are rallying across the board, Bitcoin more than the others: {image}Ignored
DislikedStarting to look pretty convincing. {image} What's throwing me for a loop is that I expected the channel to hold up longer. It's only been about a month.Ignored
Disliked{quote} Your post caught btc it at the top. It's come down and held at $39,000. {image} A clear break of $40,000 hasn't happened yet. Since June 14th we've been in this 38k/41k range. {image} Zoom out a little further and it looks weak and it's possible it did test the $40,000 'area' and on it's way to down to $30,000 again. {image}Ignored
DislikedShe held up for a few weeks but this week might be the end of the 30Ks. {image}Ignored
Disliked{quote} I figured it out... we're going to the 20Ks because a) everyone's already bought in and b) there's no good news left. a) was established earlier and was the basis of my exit at ~50K. b) is the more important issue right now. The past few months produced headlines that were once a wet dream of bitcoiners. Goldman, Morgan, UBS, and every big bank is building infrastructure for bitcoin. But when the headlines drop BTC doesn't rally. On the other hand, bad news, like China's crackdown, hit like a hammer. Basically, there's no buyers left and...Ignored
DislikedDown to 25 k before consolidation Providing we don't have a GFC Part 2 BTC will make 2022 high of 200 k 2023 low of 60 k Then to the moon Why? Logarithmic growth, Fib fractals, Pi Cycle top, RSI divergenceIgnored
DislikedIt's just sellers and bad news out there. {image} I'll be swing-trading this next channel. Money's on the way to my futures broker.Ignored