Quote from: atrocityx on June 21, 2018, 04:52:22 AM

Are you just going off of the premise that huge red candles recovering slowly is just painting bear flags that lead to another fall? The problem is nothing is acting normal. These bart candle patterns are just signs of manipulation of large holders counter trading the masses and pushing through everyone's stops on margin. It seems more reasonable at this point to predict the exact opposite of what is supposed to happen as the newfound result.

Back to your point though people are definitely trying to create a positive vibe and sort of wishing well it into existence because they want the bleeding to stop. In reality though we're definitely in a "dumb zone" of trading where Bitcoin has to decide whether its gonna break over 6800 and start working on the 7200 resistance or if we're going to go down and test 5k (or 4.5k). I do believe we are nearing an end simply because things are behaving very strangely.. and I'm getting the sense that someone knows something behind the scenes and there is one last accumulation run before the big blast off (but I'm also ready for the bearish pessimistic case that maybe we go and retest 4.5k first and enter a long consolidation period).

There's just not enough information and there are mixed signals no matter how you break it down. I think everyone should just wait for bitcoin (or its manipulators) to decide, and in the meantime don't be taking too many alt positions until we know for sure a cycle is gonna get started up and for sure don't be trading on margin (Bots are sniffing out your stop information, and will take you out of the game in a one minute candle).

Trade safe guys and be patient, don't look for what isn't there like OP says. Bulls are coming in due time.

Yes, there's a lot, a lot of wishful thinking in this forum, debased from any technical analysis. My personal feeling is that this consolidation phase will last some time more, the whales need time to buy back all the BTCs which they have dumped in these months...