Exit or Short

Bobos get in here.

On the weekly..

Increasing BTC prices while volume continues to decline and dry up. There are less and less buyers willing to pay for increasing BTC price.

Bloody May
Exit or Short

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Chart related.

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logical yes
but this is fucking clown market

Yep, very obvious bearish divergence. This pump is a very obvious bull trap. Get your shorts ready boys.

Are there fewer buyers or sellers?

Probable, but for safety i set my stop limit below.

Bobos have called every rally a trap since the crash

Mumus have done the same, Yas Forums as whole is retarded
Buyers

Sellers want to sell for higher prices that buyers are unwilling to pay. When that happens it's a buyers market. Low demand and medium supply. As demand keeps lowering, you'll see the supply increase, as some sellers panic.

Imagine shorting the halvening

Bulls have called every tank a trap since the boom.

I'm not bobos, I'm a trader calling in my bobos.

"Buyers" is a reply to thisMy mistake

Imagine shorting the top just before a crash.

Your Time Has Come Bobo's it's time to exit the market. You don't want a short because I would hate to tell you too short because you would lose your money. My best guess and this is not Financial advice so when we hit 12,000. Buy back in on the dip. I may seem nice but if you short Bitcoin I'm glad you lost all your money and you should kill yourself now

It's funny when brainlets find their way into my threads. Too EZ to spot.

I believe it is time to short. Low volume and bearish divergence. This obvious bull trap short entered at 8700.
Liq at $9324

You're a funny guy. Funny looking that is. Get some sun you smell like shit take a shower.

What’s happening is all the normies are buying BTC with their trumpbux. I’m literally NEET music producer at home all day with my redhead GF and we both got $1200 each directdeposit...

This shit will pump to hades and then the rich will short sell everyone out from under them just like in 2017. Beware; but try to make some gains.

Definite normie panic buying

the only thing I'm seeing is that today tether printed an other 160 million, yesterday 240,April total is over 1.4B just like march
meanwhile bitfinex sold 66K BTC, .... this shit stick so bad, I want nothing to do with this market anymore

oh and btw we're going up again

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calm down sweetheart, everyone knows the basic concept of supply/demand and the halvening. Its not about shorting the halvening, its effect wont become apparent likely for a few more months.

That being said RIGHT NOW there appears to be a bubble forming in a shaky economy. So the question is: do we skip another correction and go straight to the halvening bull run

OR

do we get one more; one last hard drop to shake out all the week hands before the diamond hand chads rise with the halvening bull run. This one last shaekout can provide a beutiful trade opportunity.

Either way we go up, but one option has a built in hiccup.

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theres still room to the upside, 9800.
after that short if you want.

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>do we get one more; one last hard drop to shake out all the week hands before the diamond hand chads rise with the halvening bull run. This one last shaekout can provide a beutiful trade opportunity.
bargaining stage, mega ultra bobo cope denial.
no significant dips until we hit 9500-10k or the halvening, whatever happens first.

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lmao, he doubled down.

I think we'll see the .786 fib level, thats around 9050USD, maybe a bit above that. I don't think there is much upside above that, just stupid money piling in....then again plenty of that on /biz

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Nice.

You fucking nailed it. I have some normie friends that have suddenly developed interest in that scam, and they have absolutely no understanding of how it works, what it is, it's history etc. Nada.

There are no diamond hand chads in BTC. All the chads are in BSV. BTC has some diamond hand beta, and they will all go down with the ship. They'll get over it and "rationalize" it away.

Reasonable assertion.

Because it is a trap. All you bulltards are going to get destroyed in the halving collapse.

>You fucking nailed it.
so you think this has nothing to do with the current tether/finex situation ?

I suppose it could. I don't have a reference to compare that amount of tether too. Is it a lot? a little? idk.

to me it seems reasonable, but maybe im missing something.

The decreasing volume you pointed out is another red flag, the coupling of the market and crypto is another flag when considering that the DOW and SPX are both around the .618 levels of retracement, a critical level. The crypto market tumbled along with all other eqities in March and another leg down is likely in the equities market. I hedged, not everything, but a portion of my crypto holdings were liquidated today.

Sweetie, you do know it takes a year to 1.5 post halvening to sky rocket? The last few dumped the day off

Zoom out and see yourself

tether went from 5 to 8 billion market cap in 2 month and bitfinex sold 1/3 ( 66k ) of it's historical btc holdings
are you trading this market while not being aware at all about the tether situation ?

No, I hold and use BSV only. I'm good at TA, and post from time to time + I'm usually right.

I wouldn't bother. He's a brainlet.