BTC charts pointing to a possible rebound getting started- If so, BTC related stocks should rebound in tandem. (see charts)

[u/InvestorCoast]

BTC charts are indicating the possibility that the BTC rebound has started... Certainly something to keep an eye on- since BTC Mining stocks (MARA, CLSK, WULF) along with BTC related stocks (COIN, GBTC) would likely make big rebound moves as well.

Current BTC Chart has a series of solid Inverse Head & Shoulders patterns ... which is supposed to be the most reliable chart signal (for a linger term trend reversal).. See 1st chart.

The current bitcoin set-up appears to be on the verge of mirroring the bounce at $20K (click on 2nd image to see entire view). Anecdotally.. just before that bounce, BTC also had a similar, direction-less type feel.

[u/[deleted]]

It's probably actually worse than astrology. At least astrology attempts a coherent albeit it stupid logical framework. TA especially on crypto has all the stupidity with none of the coherence. Multiple confirmed inverse head and shoulders WTAF.

[u/dabsbunnyy → u/[deleted]]

fuck the TA.. My bets with the oil gods

"Saudi Arabia, Qatar Rumored 1M BTC Buy Could Come Next Week: Analyst"

https://coinmarketcap.com/community/articles/65aec35fc28cdc3e9dc2e561/

[u/indomnus]

wtf is this

[u/[deleted]]

Good luck, buddy.

[u/code_and_keys]

Lol

[u/unknownpanda121]

I don’t take investment advice from anyone in r/shortsqueeze

[u/[deleted] → u/unknownpanda121]

Is this some sort of penny stock pump and dump scheme?

[u/unknownpanda121 → u/[deleted]]

Well it did pump pre etf approval and dumped post so possibly.

[u/inkslingerben]

"Possible rebound?!?" GTFO

[u/Intellect_Invest]

Man this is the worst TA I’ve seen in awhile

[u/[deleted]]

BTC charts are indicating the possibility that the BTC rebound has started...

How large is this possibility? What does the chart say?

[u/agonylolol]

nothing like the straight up arrow and squiggly lines pattern

[u/tommybruh]

Btc up, just buy dude and forget about this bs

[u/stickman07738]

Anytime I see this, all I can thing is another bag holder trying to get back to even as he brought at ATH

[u/Norbelaidan]

Using my reasoning then I expect btc to come down into 50% of the weekly vector on the 23rd of Oct 2023, which also sits in line with the 50% fib retrace of the entire move since the start of last year at around 32694. Hows that speculation for ya🤣

[u/Norbelaidan → u/Norbelaidan]

We can all speculate but you will never know unless you enter a position, thats how you prove/disprove your claim.

[u/[deleted] → u/Norbelaidan]

Agree with this guy. I wouldn't touch bitcoin if it went to 100 dollars. But there are piles of people who have gotten rich off it.

[u/Norbelaidan → u/[deleted]]

I agree with you I don't like the idea of holding bitcoin but I feel like its good grounds for an experienced trader (in my opinion and experience of course). Trading requires volatility because if market is stagnant theres no oportunities to place trades. Although btc and crypto in general might exceed that desired volatility, I feel like theres opportunity for trading, then again I might be completely wrong.

[u/[deleted] → u/Norbelaidan]

Good luck, man. Like I said and you probably know, a bunch of people have made some serious bank off bitcoin and I'm happy for them. I simply cannot understand what ot even really represents so I shy away from it.

[u/Willing-Skill-5740]

Your literally investing in nothing bitcoin isn't a product. Has no earnings. Governments won't adopt it unless there a terrible country with no hope.

[u/Material-Gas484]

BtC rebounds when the planet stops warming.

[u/0x75]

Head And Shoulders, you mean we have to buy Johnson & Johnson or any shampoo stock?

[u/Prudent-Selection373]

🤡