Bitcoin oversold and at support

11 พ.ค. 2022

Indicators and chart patterns don't work well for crypto, but I gotta put this out there.....

At support and oversold on the daily. Take it for what you will, every time I comment on shitcoin I get trolled, so no predictions this time, you all know how I feel about crypto.

It has bounced every time it gets oversold on the daily but do any of the crypto traders have any money left?

12 พ.ค. 2022

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Rut roh, lost support

I think it goes way oversold on the daily then bounces for the back test. Remember old support is new resistance.

12 พ.ค. 2022

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Crap looks like PTON, one weak bounce off a major support then done.

13 พ.ค. 2022

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I think I made a mistake by plotting BTC futures instead of BTC. BTC has gone very severely into oversold territory in the past if you scroll back far enough.

End story is that this is just as likely to drop to 12000 as it is to bounce.

14 พ.ค. 2022

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I was right, it went oversold and now backtesting. Hung up between 29000 and 30000 as the old support is now the new resistance.

No position.

Also, it's interesting that people don't know why Luna and Terra went to zero. It was a dumb algorithm to begin with, but now impacting all cryptos anyways.

18 พ.ค. 2022

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No pint in buying BTC because it's not gonna head over 67K any time soon. If you want a double or nothing bet, just go to the closest casino and bet red/black on the roullete wheel.

You'll get to the end result a lot faster so you can sleep at night. Crypto is just stupid now.