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57951878 No.57951878 [Reply] [Original]

It's important due to its relevance today: https://www.tradingview.com/chart/BTCUSD/n8h2CGR7-BTC-Next-Steps/ -- at first glance it looks MESSY, but there's actually only 2 things going on there; #1 is the Fib circles (which weren't drawn; they are pre-existing mathematical things which are where they are due to Bitcoin itself) and #2 is the red lines. There are a few other (more minor) things but those can be ignored. The Fib circles take up lots of space and what causes the messy look, but they're themselves very simple. If you're high IQ enough to look past the superficial messiness and see what's going on, you'll find certain things within that chart EXTREMELY interesting and relevant to the current situation after you've played to make it up-to-date and moved the chart around a bit. For instance the price is RIGHT NOW sitting JUST AT one of the Fib circles. What a """coincidence""" the new ATH would happen EXACTLY at a Fib circle established by Bitcoin in late 2019 (they radiate out from that late 2019 area) right? Riiight. The other main thing, or key thing, of interest to notice in the chart is that BTC is now at the equivalent of June/July 2019 (see the price action in relation to the bottom red line; cool right?). Something else to note is after playing the chart to get all the current candles, if you picture in your mind a NEW top-downward pointing red line going from the April 2021 top through the Nov 2021 top and the recent candles, positioned through the candles --> in the same manner as <-- the one starting in Dec 2017 ending in June/July 2019 then you'll see another quite interesting thing.

Anyway just wanted to share this amazing find, before the big one happens. The vast majority of charts on tradingview are absolute garbage but sometimes one finds gold nuggets like these. Usually the most interesting and best charts are old and forgotten charts from several years ago that were done in such a special or unique way they're still relevant years later.

>> No.57952011
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57952011

>>57951878
yeah I mean if you dig through enough charts and predictions from 3~4 years ago then you'll find one that happens to have predicted the current price

doesn't mean that the chart is valuable or has any predictive power for the future

>> No.57952081

>>57952011
>t. low IQ
What OP means is there are charts like this one (although this is much more simple) that hold true year after year due to how fundamentally correct they are:
https://www.tradingview.com/chart/BTCUSD/Gam35BRX
That's from May of 2021, but already back in 2019 and 2018 people were using that log curve and those charts are still valid because... it's the channel the whales trade in, simple as.
>doesn't mean that the chart is valuable
That's exactly what this means.

>> No.57952121

>>57951878
Ok so what's going to be the ath and when will it happen for this cycle?

>> No.57952124

>>57951878
>at first glace it looks messy
No kidding. Holy shit

>> No.57952159

>>57952081
Tiny correction, the one I linked is from March of 2021 - not May.

>> No.57952182

>>57952121
It's saying we hit $190,000

>> No.57952204

>>57952182
and fast, like in ~2months

>> No.57952235

>>57952121
>https://www.tradingview.com/chart/BTCUSD/Gam35BRX

according to 'the log curve whales use' and the channel they trade in, depending on when we hit the top of it, but say we were to hit it in December this year, it would be around $128,000, but say we don't hit the top of the channel until August 2025 then we are talking about $155,000.
But we might not hit the top of the channel.
We also might go through the top of it.
Or the bottom of it.
But say we hit the top of it then we don't really go below 35,000 ever again.
But these channels won't hold forever. Especially if every week more 401k and private portfolio money is going in. They just won't hold. But that's then. For now they do.

>> No.57952244

>>57951878
>Rockqet
>Dec 28, 2022
>Hi there I agree with your bearish bias on BTCUSD. Brilliant and detailed chart you have there. I have already sold BTCUSD and looking to take profit at 15632.00, where the previous swing low is.

>> No.57952465

everyone here is retarded and isn't into pattern recognition.
i'm a psychic and i'm selling everything NOW
screencap this

>> No.57952615

i just sold all of my BTC