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Epic Pennant on BTC Chart


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Just taking the time to say a huge thank you to you @Eric123. I have been reading this thread daily for a long time now. I don't often sign in to post something so this thank you and acknowledgment of

I was a bit bored, so I decided to analyse the reactions in the first 404(!) pages of this thread. In those 404 pages, 3938 comments received a reaction, and in total there were 11515 reactions g

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Looks like Bitcoin is consolidating just under $11k.  Bollinger Bands are tightening,  low volatility now you guys know the game after these periods there is always a break out one way or the other.  $10k looks to be a pretty solid floor though and Bitcoin has had 8 solid days over $10k.  Also the hash rate is the third highest it has ever been.  

Also NEO is killing it.  

9 18 2020.png

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On 9/18/2020 at 3:39 PM, Eric123 said:

Looks like Bitcoin is consolidating just under $11k.  Bollinger Bands are tightening,  low volatility now you guys know the game after these periods there is always a break out one way or the other.  $10k looks to be a pretty solid floor though and Bitcoin has had 8 solid days over $10k.  Also the hash rate is the third highest it has ever been.  

Also NEO is killing it.  

9 18 2020.png

seems to have taken 11k now, 

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Bitcoin got a little bit of a move to the upside yesterday and now a little bit of a move to the downside yesterday.  Still is low volatility mode.  Bollinger Bands are tightening.  Waiting on the move.  There were a few bigish dumps on the one minute chart which were eaten up but moved the price about $100.  If I had to guess I'd say we end flat today.

9 20 2020.png

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Alessio's piece last night made a good case on a BTC bull run about to launch.
Except... (the threat of a stocks crash dragging it down)

Note, his TA was mainly based on the 21 WEEKLY MA and the recent breakout - matches up with the past's similar ones.

Edited by JASCoder
added "WEEKLY" MA
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Really bullish looking chart for BTC.  Low volume retest of the MA10 and bounced nicely off of it.  Looks like we had our cycle low and have a clear uptrend ahead.  MA10 just crossed the MA20, a classic bull sign.

I agree with what was said above that the only thing standing in the way would be a stock market dump.  It's possible that the S&P 500 put in a daily cycle low on Friday, in which case we might get rising stocks along with rising BTC.  Monday's action will be very important.

YOYBwp83

Edited by Master_of_Brain
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