darobsta

darobsta

Hi, Surprised we didn't get to the bottom of the channel, but that happened this year at least once. Up until yesterday, it felt like it could have gone either way .. to the bottom or top of the channel. Now it looks to be hungry for another visit to the top. Have drawn in potential paths to the top and down to 50% and 62% fib levels, just as a guide/guess. I...

darobsta Updated 

I was reading a reddit thread about this 2017 channel. Some comparisons were made to previous channels which BTC eventually broke out of the top. I noticed that on the big dips the lows were getting higher and higher each time, until eventually BTC broke upwards and formed a new channel. Looked like it was being squeezed and wanted room to breathe. Anyway,...

darobsta Updated 

The fork fizzled about a week early .. I was hoping it would. Bitcoin did go above the 2017 long term trading channel, just by a bit - which is fine as price was going mental when news of the cancellation came out and the lines are just estimates anyway. Have re-projected my downward trend from yesterday, down to my estimated 40% drop. Ended up selling about...

darobsta Updated 

Will it break through and go mental? Will it stay contained right up to fork-day or fork-fizzle-day? I have started selling (a small % of holdings) slowly again, keeping some spare in case it makes a break for it. Good luck!

darobsta Updated 

Hi. Am deep in my sell zone, so am slowly selling a small % of holdings up to fork-day or until it drops back out of my sell zone. Added some random squiggly (guessed) lines to show the next dip and rise - IF we stay within the same channel since early 2017. It goes up to around 13k around Feb! Sounds like madness, but so does the price as I write this : $7300...

darobsta

Log Scale. Long term 2017 channel. BTC has not been out of this channel this year.. if it does break out, does that mean fork-fever? a new more aggressive channel? or signs of a massive bubble followed by a bear market? Am into my widened (since last chart) buy zones and am slowly selling 15% of holdings.

darobsta Updated 

Lining up 61% fib retrace with top of previous big ATH (5k) gave me a potential local top at the fork point. BTC getting very near my sell zone where I will scale out slowly until it drops below the sell zone. I have widened my sell zone since my previous chart,.. probably because I'm getting nervous reading all the FOMO, moon posts, etc

darobsta

As before : 2017 trading channel. Buy and sell zones. Various lines pulled out of my arse. I have assumed that FOMO will keep going until fork-day. But this is not like any other as the intention is not to give anyone free money.. only 1 chain is "supposed" to survive! Does everyone know this? I have no idea. This chart also assumes that fork-gate...

darobsta

Have drawn the trading channel of 2017, set up potential buy and sell zones, and pulled some trend lines out of my arse. This idea ignores the fork. I am drawing up another chart which includes the fork.

darobsta

Pulled this out of my arse