Bulls have failed to break the >10k region over 4 times now since last October, with lower highs each time. If you aren't shorting this you're stupid. Look at the charts. There's ALWAYS been a rug pull after the stop runs. Close to 800 million open interest on Bitmex perps, over 1 billion if you count the quarterly futures.
Why aren't you shorting 10k?
Gavin Morgan
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Kayden Rogers
This your sister or something user? Random pic no context. I like, though.
Elijah Robinson
why not just buy at 9500 and sell at 10k?
Evan Allen
That's President Obama's daughter having fun.
Michael Torres
nice try but the more a resistance gets tested, the weaker it gets. you better close your short, because it looks like this might be the one
Jayden Ramirez
Because Bitcoin will go back to the 7k range to form the inverted head and shoulders. Pic related is my position.
James Jones
Thats a man, and he is not related to obama
Austin Russell
you might regret posting that, user...
Isaiah Perez
Why?
Bitcoin will do something like this most likely. The economy going in the shitting might make it worse but we'll see.
Landon Scott
>nice try but the more a resistance gets tested, the weaker it gets.
Isn't it actually the opposite?
The support/resistance of an identified level, whether discovered with a trendline or through any other method, is deemed to be stronger the more times that the price has historically been unable to move beyond it.
investopedia.com
Camden Brooks
>inverted head and shoulders
>it goes down right?
>actually posted proof of short
You don't play by the book, the rules, the past, or the future. I like that.
Leo Nelson
>Liq. Price 10232.0
Andrew Gonzalez
This looks like it's going to run
Caleb Cox
Except the same levels aren't being tested, there's been a lower high each time. Horizontal resistance is supposed to be horizontal, not declining.
Yes.
Chase Scott
He is right.
In a couple of hours we will be back at 9800
Logan Ward
A pump to that level would be a higher high from the earlier run and invalidate the bear scenario.
Jason Peterson
Which one of you is right
Josiah Jenkins
user you fucked up. Arthur browses Zig Forums
Jayden White
There is another option.........
Liam White
you're going to get fucking raped shorting this thing and I'm going to enjoy watching it.
Tyler Davis
DO IT
Xavier Reed
Not really, the support/resistance meme in TA is fundamentally based on supply and demand. When a price is going up and suddenly hits a price point where supply majorly outweight demand, we create a "resistance" level. Every time the price hits that resistance level, a part of the major supply keeping it down gets exhausted, so the more times we hit that resistance level, the less supply there will be at that level, until it won't outweigh demand anymore and the resistance gets broken.
Considering that bitcoin has been consistently hitting at this resistance level since May, without any major pullback, it's fairly safe to assume that the supply is close to exhaustion by now.
Luke Cook
Fuck you've got big balls user
Liq price should be 10,550 and you'd be golden
Parker Reed
last time you fags said the same bout etc 4th time it approached 250 it broke out. eat dirt faggot.
Tyler Murphy
Basically momentum off crabbing for so long + positive news with bank acceptance + all that alt momentum flipping into btc & eth
prepared to short 10.5k - 11.5k tho
Ryder Murphy
keep this bumped. it's a larp but OP is definitely getting liquidated tonight. in minecraft
John Morales
Adding some more BTC to up my liq price a bit and increase my position.
Asher Perry
Getting a bit nervous?
Joshua Nguyen
Post new position
Isaiah Young
*scam wicks ur short*
heh...
Ryan Kelly
Will when my BTC arrives.
Levi Sullivan
Ouch