Wow are we going to drop into the 60's already??? The volume has LEFT the building... btw, @NoahA I am at a long delta...holding calls and etf's. I am up bigly currently as we all are. My short position is a cash position. If price rockets from here then I'm good with that, but if price does a double correction even better! I mean come on, what a time for a rug pull lol...way too much optimism right now.
When @johnarb was down in the dumps about Uptober being a bust after price went against all the "metrics" you guys have been spamming about. I was the one who posted the chart showing the v leg push that could bring us to 70k plus before October ends...which it did. Then when I said that we could still see a drawdown from here, you all go right back to being fanboys to the clown show of talking heads pumping this. If a farmer told me that we could be due for a warm spell before the frost kicks in...I'm going to listen!
**** No financial advice on this post **** A stronger signal has developed with the appearance of a clear sideways rectangle wedgie but this could take up to 3 days squared, 9 days, which will be perfectly aligned to after the election and fomc My personal assessment is Nov 8, 2024 bitcoin price will be $80085 or higher Semper F's next price target as well
Why? News doesn't affect the price of bitcoin. Anything you hear about has long been printed on the chart already. The price action we are seeing this week is no doubt from news that won't come out until later...maybe an etf was loading up to meet inflow...but as mentioned you guys need to look into FTD's and redemption wrappers.
Another double top before we head down or break through...this is decision height. Two schools of thought on divergence....is this weaker or does it have more room to expand like a spring... AI: The RSI typically stays between 40 and 90 in a strong uptrend, and between 10 and 60 in a strong downtrend. We are at 72.80 so still an uptrend...however last time at these levels we were at 91.01...so I guess that means that there is less buying pressure right now compared to last time. (I'm trying to dumb it down for you clowns
Sometimes,when you think you see everything,you simply haven't looked at those things the right way. Keep seeking,young waxy. You are close.
waxy does not use the cup & handle chart pattern, as such he is clueless how to utilize the signal that the size of the cup has to meet certain proportion to the handle which in turn affects profit targets, duration of the move, and other stuff