I really hope you're not getting caught in this first of a series of bear traps. BTC is going to correct to the mean. $800-$1100 BTC is not unreasonable in the near-mid term future.Both the Daily and M30 periods on BTC, and other majors making simila

Name
Email
Subject
Comment *
File	Select/drop/paste files here
* = required field	[▶ Show post options & limits] Confused? See the FAQ.

Embed	(replaces files and can be used instead)
Options	Do not bump (you can also write sage in the email field) Spoiler images (this replaces the thumbnails of your images with question marks) Hide country (this board displays your country when you post if this is unchecked)
Password	(For file and post deletion.)
Allowed file types:jpg, jpeg, gif, png, webm, mp4, swf, pdf Max filesize is 12 MB. Max image dimensions are 10000 x 10000. You may upload 1 per post.

File: ab3f8dede6e5761⋯.png (303.79 KB, 7680x2160, 32:9, BTCUSDDaily.png)

Anonymous 05/29/17 (Mon) 05:34:28 f3ddfc No.1572

I really hope you're not getting caught in this first of a series of bear traps. BTC is going to correct to the mean. $800-$1100 BTC is not unreasonable in the near-mid term future.

Both the Daily and M30 periods on BTC, and other majors making similar moves, indicate that cryptos have a case of the plague.

Anonymous 05/29/17 (Mon) 05:34:50 f3ddfc No.1573

File: 532c297f9d576a1⋯.png (424.6 KB, 7680x2160, 32:9, BTCUSDM30.png)

Anonymous 05/29/17 (Mon) 05:42:03 f3ddfc No.1574

These are my chart studies, in order from background to foreground:

+500-period SMA (thick mud/brown)

+Bollinger bands (various magenta) placed 1, 2, … , 6 standard deviations from 200-period SMA

+200-period SMA (thick yellow)

+50-period EMA (thin orange)

+20-period EMA (thin teal/cyan)

+Heiken Ashi bars

Nothing fancy at all. One great thing this will tell you is when a move is over-blown. Each standard deviation line is like if you took the "bell curve," turned it upside-down, and swept it left-to-right and varied its width with time with volatility. The price is then sort-of like a marble which sometimes gets pulled to one side or another (as if magnetically). Eventually, you'll see a "blowout" and that is a chance for a quick high-likelihood scalp.

Anonymous 05/29/17 (Mon) 05:43:19 f3ddfc No.1575

>>1572

>series of bear traps

s/bear/bull

I'm an idiot.

Anonymous 05/29/17 (Mon) 05:56:24 f3ddfc No.1576

File: 3a4bfb874435972⋯.jpg (167.12 KB, 500x500, 1:1, RMONEY_cdcase.jpg)

Basically, what I see happening, is if this is a "minor" kek correction then it'll hit the area between +1 standard deviation from the 200-SMA, and the 200-SMA. If it's as big as the Mt. Gox crash, it'll death-cross like last time and probably head to $500 or lower.

Anonymous 05/31/17 (Wed) 00:48:28 f3ddfc No.1578

File: 1cf6dd30258d1ca⋯.png (442.85 KB, 7680x2160, 32:9, BTCUSDM30.png)

BTC has a wicked resistance trendline to contend with…

Anonymous 05/31/17 (Wed) 06:17:28 37b855 No.1579

>>1572

800-1100? you're retarded, kys

Anonymous 07/05/17 (Wed) 05:36:10 79ea75 No.1679

>>1572

I want to believe you op. I really do. But the cat is officially out of the bag if youtube metrics are a measure of normie awareness. I have no choice but to buy continually for the next 6 months regardless of direction.