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/biz/ - Business & Finance

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12838577 No.12838577 [Reply] [Original]

Seems to have broken up from the bearish pennant with unconvincing volume. I half expect this to be a fakeout, we'll see when bears retest ~4k. Otherwise 4500 is the next target, and then 5k which is on the trendline resistance from Jan 2018, the beginning of the bear market. Likely won't be broken for at least another year. Breaking the long term trendline will be the beginning of the next bull market, if there even will be one.

Short to medium term bullish if BTC holds 4k. If volume doesn't pick up soon, 3.2k retest wouldn't surprise me. Although it's difficult to be a bear with so many alts breaking their long term resistances.

Using finex prices by the way.

>> No.12838684

>>12838577
I agree overall, this rally will not past the jan 2018 trendline, thats the exhaustion point. After that, re-test of the current bottom (3200), followed by new lows likely. I'm pretty confident the market makers will dump this to $2k region in a choppy and unpredictable fashion, but anyways only time will tell

>> No.12838703
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12838703

>>12838577
the symmetrical triangle was never confirmed its more likely we are in a ascending triangle on the macro scale. Im calling for a double top at 4.1k btc.

>> No.12838714

>>12838684
agree, its a suckers rally

>> No.12838729

>>12838684
I fully agree. Under 3000s I will be accumulating.

>> No.12838795

>>12838703
>Im calling for a double top at 4.1k btc.

was thinking the same but I don't like to call too obvious move

>> No.12838868

>>12838795
>double top
When it forms a plateau at a location, that is not a double top. Also the previous top was at 4140, you fags.

>> No.12839035

>>12838868
dont call it a plateau yet wait about 8 more hours

>> No.12839049

>>12838577
>its either going to go up or down
Shut the fuck up you absolute faggot.

>> No.12839175
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12839175

>>12839049

>> No.12839189

>>12839175
IT'S WHAT OP LITERALLY SAYS. HE SAYS IT'S GOING TO GO UP BUT IF IT DOESN'T GO UP THEN IT'S GOING TO GO DOWN. READ IT YOU INBRED COON THEN POST YOUR STUPID CARTOON FACE AGAIN.

>> No.12839199
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12839199

>>12838577
>Difficult to be a bear.

Son, bobo is fucking your wife AND your dad, you just don't know how fucked you're going to be when the time comes.

>> No.12839228
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12839228

>>12839189
>he