cryptobon
Short

something that hasn't happened in over 2 years

BITSTAMP:BTCUSD   Bitcoin / Dollar
the weekly hasn't closed yet, but it will be extremely unlikely to see a reversal here.

Weekly RSI is aiming to drop under levels it hasn't touched since the bullmarket began. Look at linked chart for original assessment on this idea. Bitfinex shows the same thing too.

Not looking good!
Looks like we will make it up back soon! Buying on lows, and doing refills on my other alts! Best of luck to you guys and thanks for sharing your idea!

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This is may-july 2013, RSI will bounce at 46 soon. Most people will keep bearish from 7K to 17K,
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villar.martin villar.martin
@villar.martin, then FOMO resumes. 2018 will be another bullmarket year.
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which platform is this?
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@rj17112, tradingview :D
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weekly macd already crossed
2k?what you think
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cryptobon GordonGekko33
@GordonGekko33, I don't use MACD but looking at it it has similar behavior. It hadn't crossed on the weekly (despite being very close a few times) since btc broke out of its accumulation range in 2016.

Overall, technicals look like shit in many levels. BTC is honey badger so nothing is certain and all of these signals could create the biggest and baddest fakeout ever. However, I believe heavier risk currently lies on the long side of things.
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GordonGekko33 cryptobon
@cryptobon, im expecting a few months downtrend and only shortin everyrthing.im sorry for buyers-there was a lot of buyers at 10k
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timdeleeuw cryptobon
@cryptobon, fakeout of what? The huge bullrun in dec or this breakdown? Don't really get your point. Thx!
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cryptobon timdeleeuw
@timdeleeuw, fakeout of this move down! I guess I really mean to call it a bounce
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