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re: Official CryptoTalk Thread

Posted on 6/3/21 at 8:29 pm to
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 6/3/21 at 8:29 pm to
Wedge rejected the best attempt on the 1h candle so far.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 6/3/21 at 8:30 pm to
I mean Elon tweeted about bitcoin 30 minutes ago. I don't think the wedges have much to do with this right now
Posted by BeepNode
Lafayette
Member since Feb 2014
10005 posts
Posted on 6/3/21 at 8:32 pm to
quote:

Yay Elon tweet.




Sell!
Posted by BeepNode
Lafayette
Member since Feb 2014
10005 posts
Posted on 6/3/21 at 8:34 pm to
lol wow. Elon's tweet was at 8:07pm. The sharp little dip started at 8:09pm.

Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 6/3/21 at 8:36 pm to
Nah. Elon knows TA as well as anyone else.

I told you guys literally hours ago we were coming up on a reckoning. Correlation doesn’t equal causation and Elon’s tweet is a correlation.

He’s timing it purposefully.
Posted by Camp Randall
The Shadow of the Valley of Death
Member since Nov 2005
17361 posts
Posted on 6/3/21 at 8:39 pm to
He’s the most tard “genius” in history
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 6/3/21 at 8:56 pm to
I’d also like to point out the bulls rejected the attempt at collapsing the wedge and the possibility of a green breakout is still alive for the time being.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 6/3/21 at 8:57 pm to
Could go up. Could go down. Cool.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 6/3/21 at 8:58 pm to
Yes. As in it’s not for sure going down yet, which means don’t make any decisions yet.

Not sure why you think this is a gotcha.
Posted by barbapapa
Member since Mar 2018
3811 posts
Posted on 6/3/21 at 8:59 pm to
thanks for your insight
Posted by James11111
Walnut Creek, Ca
Member since Jul 2020
5533 posts
Posted on 6/3/21 at 9:05 pm to
The more he tweets, the less people will care.

Similar to my posts.
This post was edited on 6/3/21 at 9:08 pm
Posted by NoSaint
Member since Jun 2011
12520 posts
Posted on 6/3/21 at 9:16 pm to
With the amc rollercoaster quiet for the evening he just thought he’d blow up the night creating swing alerts
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 6/3/21 at 9:39 pm to
39.5 to 37.5 is about your range for the next few hours. Sustained break outs in either direction will probably cause a chain reaction in the specific direction to their resistance points of 42k and 35k. I don’t know if there would be enough momentum to push past 42k at this point but there would probably be enough to push past 35k.

I’m going to bed and going to see what the market chose in the morning.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82096 posts
Posted on 6/3/21 at 10:48 pm to
You think wedges matter when a market moving event occurs (I.e. Elon’s dumb tweet this evening)?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82096 posts
Posted on 6/3/21 at 10:50 pm to
We really need a separate thread for you hourly and daily technical people.
Posted by zzgobucky
Madison
Member since Sep 2016
1823 posts
Posted on 6/3/21 at 11:07 pm to
quote:

We really need a separate thread for you hourly and daily technical people.






Couldn't agree more, it's just become clutter at this point. 99% of it never comes to fruition
Posted by RATeamWannabe
Baton Rouge
Member since Sep 2009
26018 posts
Posted on 6/3/21 at 11:13 pm to
Yes.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 6/4/21 at 6:12 am to
Suit yourselves, but it seems a lot more accurate to me than guessing

I’ll keep it to myself
Posted by TigerDeBaiter
Member since Dec 2010
10681 posts
Posted on 6/4/21 at 6:31 am to
I appreciate your insight, so don’t completely keep to yourself. I agree that while the “Elon tweet” may have been the trigger, the chart doesn’t lie. Charts have always been a sort of self fulfilling thing anyway. And usually better explained after the fact. Should there been some major announcement we’d say, the wedge broke to the upside and we’re off to the races.

The fact that Elon tweeting still “matters” is pretty sad for crypto. He literally only said Bitcoin
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 6/4/21 at 6:48 am to
I like it.


To my untrained eye, it looks like (at least on coinbase) we have a lot of buy support at ~35k, which ultimately seems like a good thing... As long as I'm reading this right
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