1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

mannyrs13

mannyrs13

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BornStar said:
A bearish engulfing candle on the yearly chart :damn:


First time in btcs history:damn:
Click to expand...

we barely at the halfway point! :dahell::damn:

i didn't even know charts can show yearly candles. tradingview only gives me up to monthly. maybe its not part of the free version with my cheap ass. :russ:

@cheek100




Basically it's a candle who's body is bigger than the entire body of the previous one. It engulfs, or I guess eats up the previous candle.

Bearish Engulfing Pattern

The Bearish Engulfing pattern is a two-candlestick pattern that consists of an up candle followed by a large down candlestick that "engulfs" the up candle.
www.babypips.com www.babypips.com

Looks to be after an uptrend and i believe last year was green, especially if it's engulfing already. Actually opened 2021 close to 29k so definitely been engulfing.

These examples I marked on the weekly chart from recent times show that both times the price dipped even further down. Including the latest one that we still technically on a downtrend from.


YaV876Si
 
mannyrs13

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JJ Lions said:
Hacked or social media manager's last day. Nobody over there is handling it, going thru the tweets, it's been like this for awhile at June 21 now - https://twitter.com/RadioShack

After June 21 endless This Tweet is unavailable.











Click to expand...

they definitely trolling. I've seen some of those tweets around. know they had some nft thing going but I think it was a flop. they on don't give a fukk mode now.
 
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JJ Lions said:
One of the better Twitter accounts but this would be something. Many expecting still bigger drops even tho last week kind of sideways

Click to expand...

i have or had a love/hate relationship with that guy. i would always see his tweets under recommended or the cryptocurrency topic and hated that he was so bearish. then I started realizing he was being right and started following him after I sold. I know he's been calling for like 16 or 17k. hopefully goes lower than that but I've changed my mind on him and don't have any resent towards him. not like he controls the entire market anyways. most people don't. do hope we get that big dip on link as well. he's definitely been doing his thing for a while now. wish I would've paid attention sooner instead of hating.
 
cheek100

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mannyrs13 said:
we barely at the halfway point! :dahell::damn:

i didn't even know charts can show yearly candles. tradingview only gives me up to monthly. maybe its not part of the free version with my cheap ass. :russ:

@cheek100




Basically it's a candle who's body is bigger than the entire body of the previous one. It engulfs, or I guess eats up the previous candle.

Bearish Engulfing Pattern

The Bearish Engulfing pattern is a two-candlestick pattern that consists of an up candle followed by a large down candlestick that "engulfs" the up candle.
www.babypips.com www.babypips.com

Looks to be after an uptrend and i believe last year was green, especially if it's engulfing already. Actually opened 2021 close to 29k so definitely been engulfing.

These examples I marked on the weekly chart from recent times show that both times the price dipped even further down. Including the latest one that we still technically on a downtrend from.


YaV876Si
Click to expand...

thanks breh repped
 
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mannyrs13 said:
i have or had a love/hate relationship with that guy. i would always see his tweets under recommended or the cryptocurrency topic and hated that he was so bearish. then I started realizing he was being right and started following him after I sold. I know he's been calling for like 16 or 17k. hopefully goes lower than that but I've changed my mind on him and don't have any resent towards him. not like he controls the entire market anyways. most people don't. do hope we get that big dip on link as well. he's definitely been doing his thing for a while now. wish I would've paid attention sooner instead of hating.
Click to expand...
Yeah, that guy is good. Hopefully he's right, I want a long accumulation period.

There is another who calls himself bearish but really he's just a Bitcoin hater - https://twitter.com/CryptoWhale

The only thing I've seen him promote is XRP, most of his posts are anti-BTC.

This is a good account exposing scammers, even some popular crypto social media people like Crypto Banter, Bitboy etc - https://twitter.com/zachxbt

He's gets under their skin. They make videos about him/tweet etc but he comes with receipts.

As I mentioned earlier, I now have 1 Twitter account dedicated to crypto, following all the top crypto people and recommended etc. and over time will whittle it down so only quality is left.
 
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Unemployment numbers coming out in the morning, or a bit later on. Japan has their numbers later in the evening when they open. Plus this other number that looks important.

The Tankan Large Manufacturing Index released by the Bank of Japan presents overall business conditions of the large manufacturing companies in Japan. It is an indicator of the Japanese economy as Japan heavily relies on the manufacturing industry that leads growth for the export-oriented economy. A result above the 0 level is seen as positive (or bullish) for the JPY, whereas a result below 0 is seen as negative (or bearish).

Italy has their CPI numbers on Friday morning. Expectations are 7.4%. Their economy a bit smaller than France but still could do some damage if the numbers are high.


BTC back underneath the 2017 ATH. Went down on the 18th and back up on the 19th and touched it a few times but it broke the line now. Relief didn't last too long. I doubt if there's a pump back up over the line that it will last as long as this one did, which was 10, or 11 counting today, days. 4 days left in the week and chances of 19k holding aren't too good. Looks like it gapped down to start the week so can't consider it one of those bearish engulfing candles but we are currently under last weeks low point of 21866 and unlikely to close above that so the red weeks continue next week. Might be next week or the week after where we test the low of 2 weeks ago around 17.5k. 17k could be support but it's not guaranteed in these market conditions.
 
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