Bit of a sell down on atm on Kucoin.
Might be a weird day.
Chinese New Year.
Bitcoin hasnt barted and the volume seems consistent.
Time.
Morning all, I posted this a few days back. for me It is a wave 1 of three, it needs to go to at least 61.8 % or 78.6. All is already written in? My guess Have a good one!!
Big divergence on the daily chart?
BTC makes the final move in the triangle. Fasten the belts. Nothingās going to be the same anymore.:roket::roket::roket:
Can we bounce here. Would seem very bullish. Currently forming a hammer on 8h chart. But ~200 sats area seems like such a strong wall. So breaking it will be very strong.
Hi all! Quick ETN update, we are looking pretty strong right now! But with BTC trying to dump, it could all change pretty quickā¦but itās going to take A LOT of sell volume to break down below 3300 on BTC with the 200 weekly moving average at that support levelā¦but itās very possible.
As far as ETN is concerned, we have been tracking a possible bullish inclined neckline inverse head and shoulders pattern. This is what it looks like on the 8 hour Kucoin chart:
If that right should is going to form, itās going to have it āhit bottomā very soon to hold the pattern. The good news is the bottom for the shoulder coincides very well with the .786 fibinachi line which is a typical retracement bounce line.
Will that happen? I do not knowā¦but I sure hope so!
Edit: Actually, with the inclined neckline on this head and shoulders, itās not necessary we drop to the highlighted area I emphasis in the drawing. Since the right shoulder is naturally higher than the left shoulder, we are actually within the bounce area for the right shoulder. Would it be bad for us to drop to the highlighted area? No. But if we never hit that area, I would not be surprised but it is not necessarily needed to complete this formation.
considering hard the buy btc buttonā¦
Iām resisting, how long I can hold on for thoughā¦
I canāt say what anyone else should doā¦but, If I had a job with income Iād be laddering in. As far as all the money Iāve already put in, I just assume itās all gone. Itās not hard to hold something you pretend is simply not there. It will all pay off at some point. If you donāt believe that, you should not be in this space. If you are putting money in just to try and make a quick dollar, you should not be in this space. This space can drive people mad and itās just not worth it. You have to believe in the technology and hope that belief turns into financial gain in the process. Without the tech, there is no money.
Its more like, cheeeap, like the chocolat you walk passed in the shop that screams hungry to youā¦
Oh, well. There it went. The chocolat got me.
Fish sticks and beans rest of week. Fam will be healthy
One day they will be thankfull
Either that, or i can watch the moon from the window in a campingwagonā¦
I just buy ETN. The Pounds are gone (I donāt think about them after theyāre spent,) I have ETN for whatever itās worth. Thatās how I look at it, and Iām happy.
Which brings me to how long I could hold out! LTC buy transferring as I type, only Plankton amount, but itās mine!!!
Hahaha nice one hehe
I really like LTCā¦but we only do BTC and ETN here.
Hereās your current BTC mapā¦LOTS going on. But the main thing to watch is that white 200 weekly moving average. Weāve never been under it for any length of time and never closed a weekly candle under it. THAT is the story for the time being.
Looks like weāre gettting a nice bounce off the .618 Fibinachi line of 185 sats on ETN. Letās see if the momentum carries! It appears to be confirming the formation of the inverse head and shoulders, but we arenāt there yet!
Youre aware of how much Bitcoin is charging hands in the āshadowsā.?
Im just going to say its a heck of a lot.
Theres also that MtGox liquidationā¦all OTC Im referring to.
Must make it hard on the T/A.
Spot on with your wise words above regarding the Cryptosphere.
Takes a whole lot of cruel to be kind.
Thanks @Cryptoman976!