At the top of the 2017 rally, the final weekly green candle was a 22% candle.
Currently, we have a 15.5% candle, with two more days to go.
You have been warned.
The case for imminent pullback
Grayson Davis
Chase Martinez
ok
Jaxon Perry
Ok, did you sell?
Justin Sanchez
I plan to sell at 21K.
Wyatt Mitchell
the candle from 8.6 to 10.5 or something was also about a 22% candle, and that candle led to a doubling of the price in the weeks after
Colton Scott
Nope.
You have been warned.
Jack Jones
>trust me based on a sample size of 1
We could have a pullback but doubtful given all the BTC being bought off exchanges by long term hodlers
Jeremiah Clark
i dunno annon, everyone is so bullish it's crazy
Austin Ramirez
that chart literally shows there was a major pullback in Jan 2017
Austin Gomez
Its forming a cup right now. Will tank to support line for the handle to continue its way north. JMO
Dominic Hall
this graph looks like we get a 2016-2017 style pullback anytime soon
Juan Reyes
we haven't even started. You want to look at price history as a predictor of the future? notice how every Bullrun has been at least 10x previous ath
Jose Lewis
Post proof of your short then, Negrodamus
Gabriel Gray
It could be a massive cup and handle forming
Juan Thompson
>sell at 21k because muh charts
>bitcoin keeps pumping because there are forces at play that no one fully understands which is why it's nearly 19k right now despite making 0 sense to anyone
>goes to 30k before finally correcting - to 23k
>you still don't buy back in because "I sold at 21k I'm still waiting for the real dip"
>priced out forever
>mfw
Josiah Murphy
this is sustainable it will go up in a straight line this is a new paradigm we are never going down again.
Jacob Martin
i hope you don't kill yourself in a year, OP
Xavier Cruz
Please delete this.
Michael Miller
Post short or stfu. You have been warned
Nicholas Murphy
The top isn’t defined by daily increase but by percentage increase v previous paradigm. We haven’t even entered a new paradigm yet. If this was 2017, we’d have hit 20 new ATH and would be 10-20x what the 2017 bubble was
Connor Russell
This
We are about to break top and you’re gonna sell? OP you’re NGMI
Robert Diaz
Your dubs and based Pepe confirm this will be most of Zig Forums.
Kek has prophesied.
Noah Ward
> which is why it's nearly 19k right now despite making 0 sense to anyone
it makes absolutely perfect sense. pic related: broke out of bear market in july when a multi-year bullflag ended. then it had a small retracement back to the 20-week-MA and bounced off it (finding support at the 20-weekly is another sign of a bull market).
BTC has been doing exactly what was expected and nothing else, it is 100% textbook
Cameron Watson
There will be several 20-40% pullbacks. If you don't know how to time them might as well just hold and ride it to the moon.
Michael Anderson
post your sell
Ryan Davis
holy shit
Caleb Baker
It's what you deserve OP, meditate on it with me.
Robert Long
Justin Thomas
No.... don't make this happen... too many good anons will rope.
Jaxson Hernandez
Has there ever been a time in Bitcoin's history where it dumped hard after reaching similar price levels to it's previous cycle's ATH?
Gabriel Williams
which is why you never sell, only buy dips.
Nathaniel Kelly
yes.
Bentley Taylor
MANY SUCH CASES!!!
Elijah Sullivan
as if this fake TETHER pump is gonna last
99.99 of the alt tokens are rekt, so where's the fucking bull market?