Quote from: HairyMaclairy on October 18, 2018, 11:13:50 AM

Quote from: El duderino_ on October 18, 2018, 11:00:00 AM

can you give us a fear indicator and your latest chart, so i keep both of my feet on the floor. Grin

Sorry Mic its all a bit up in the air. We keep breaking sideways and upwards, but not enough yet for anyone to care. We keep having to redraw the meme triangle because the price keeps going up, but no one is buying into it. But the price is never wrong, only traders are wrong. Feels like consolidation. Please note recent uptick in volume in the volume oscillator - bullish signal.

Orange line is traditional meme triangle boundary, now surpassed. Red line is new improved meme triangle boundary (stretched out due to previous sideways pushes). It would be bullish if we could lose contact with the red line. Purple line is absolute boundary of meme triangle based on the BFX / Tether pump. You can see where we have had little mini rallies from breaking the tiny triangles / mini resistance lines. Click below link for update of latest candles.

https://www.tradingview.com/chart/BTCUSD/gdsSv5e9-State-of-Bitcoin-11am-UTC-18-October-on-the-knife-edge/

Below is an overall view of our current position. Lower redline is support from the crypto winter which goes back to $2.11.

From your more zoomed out second chart (that I enlarged a bit for reference), it seems that the angles of your shifty orange, red and purple resistance lines are way too steep.

Of course, you can draw lines however you like, but I find it a bit less realistic and predictive if you start from the extreme top, because the top was such an extreme (not conceding blow off top yet, except as a short term blow off top... which was about a two months time period that arguably provided the base for that), so perhaps, instead the top of the resistance line might start from the $15k territory or so and therefore end up touching more of the subsequent BTC price peaks (early march and early may, for example)?