@BeepBoopSupreme

Full time Stock & Crypto value investor and reflexive trader. Former Financial Advisor & Public Finance Consultant. Diversification is for the ignorant.

 Washington D.C.
Joined November 2020
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  • Followers573
269Media
Price is still trapped beneath major moving averaged which are collapsing over head and the previous trend line support turned resistance is still actively pushing the price down. The $BTC bulls have failed to claim any meaningful resistance.
Beep Boop@BeepBoopSupremeSep 17
Can someone explain to me what about this bitcoin:native chart is bullish? I see a lot of bulls rejoycing that the price didn't immediately collapse yesterday. The charts say otherwise. This is ugly, no matter how you cut it.
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Can someone explain to me what about this bitcoin:native chart is bullish? I see a lot of bulls rejoycing that the price didn't immediately collapse yesterday. The charts say otherwise. This is ugly, no matter how you cut it.
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It's too early for the $BTC bulls to let their guard down. #BTC is still trapped inside a zone that bears have control of. The highly reinforced resistance at 77k has hardly been dented and the resistance is actively collapsing down on the price. BTC is in a fragile state.
Beep Boop@BeepBoopSupremeSep 17
Rather than close my aggressive bitcoin:native short here while up 150%, I am holding with the absolute expectation that bitcoin:native sinks under the 75k support. If bitcoin:native claims and holds over 77k, I will exit the short and reassess. Nothing to this point leads me to believe that will happen.
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Rather than close my aggressive bitcoin:native short here while up 150%, I am holding with the absolute expectation that bitcoin:native sinks under the 75k support. If bitcoin:native claims and holds over 77k, I will exit the short and reassess. Nothing to this point leads me to believe that will happen.
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The 77k resistance is reinforced with the previous range collapsing upper trend line as well as multiple converged SMAs including the 4h, 6h, 12h, and 1d 20 SMAs. The resistance is significant, and $BTC has not shown the strength to break it.
Beep Boop@BeepBoopSupremeSep 17
Many bitcoin:native bulls are screaming that the bear case is over because the price drifted 1-2% higher since since yesterday. The reality is that #BTC remains in the danger zone. 77k is the critical zone that must be claimed definitively before any bull case is valid.
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Many bitcoin:native bulls are screaming that the bear case is over because the price drifted 1-2% higher since since yesterday. The reality is that #BTC remains in the danger zone. 77k is the critical zone that must be claimed definitively before any bull case is valid.
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Despite the $IXIC being up almost 2% this morning, bitcoin:native continues to show weakness with an inability to claim and hold 77k. #BTC remain trapped beneath the 6h, 12h, and 1d 20 period SMAs while failing to escape the downtrend.
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$BTC must claim and hold 77k to shift this chart from bearish to neutral and it must set a higher high than 79,600 to shift from neutral to bullish.
Beep Boop@BeepBoopSupremeSep 17
Despite the $IXIC being up almost 2% this morning, bitcoin:native continues to show weakness with an inability to claim and hold 77k. #BTC remain trapped beneath the 6h, 12h, and 1d 20 period SMAs while failing to escape the downtrend.
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Despite the $IXIC being up almost 2% this morning, bitcoin:native continues to show weakness with an inability to claim and hold 77k. #BTC remain trapped beneath the 6h, 12h, and 1d 20 period SMAs while failing to escape the downtrend.
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I am open for debate. If you are a trader (preferably a technical trader) and you disagree or agree, please comment
Beep Boop@BeepBoopSupremeSep 16
Technically speaking, bitcoin:native is consolidating inside the ultimate danger zone just beneath the lower descending triangle trend line which is acting as resistance now. If the bulls do not get a major catalyst to beak out of this zone, they are going to get demolished.
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I am open for debate.
Beep Boop@BeepBoopSupremeSep 16
Technically speaking, bitcoin:native is consolidating inside the ultimate danger zone just beneath the lower descending triangle trend line which is acting as resistance now. If the bulls do not get a major catalyst to beak out of this zone, they are going to get demolished.
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Technically speaking, bitcoin:native is consolidating inside the ultimate danger zone just beneath the lower descending triangle trend line which is acting as resistance now. If the bulls do not get a major catalyst to beak out of this zone, they are going to get demolished.
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bitcoin:native on the 1d time frame... I have a sinking feeling that tomorrow may bring macro armageddon for the bulls. The only thing this bearish pattern is missing is the hard rejection off the underside of the flat lower trend line. Not pretty.
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bitcoin:native on the 1d time frame... I have a sinking feeling that tomorrow may bring macro armageddon for the bulls. The only thing this bearish pattern is missing is the hard rejection off the underside of the flat lower trend line. Not pretty.
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Nothing about this bitcoin:native chart leads me to believe that the bulls are in control, and nothing about this chart indicates that the bulls are gaining control. This is a bearish set up that has been developing for weeks. The #BTC bulls will get overwhelmed.
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Nothing about this bitcoin:native chart leads me to believe that the bulls are in control, and nothing about this chart indicates that the bulls are gaining control. This is a bearish set up that has been developing for weeks. The #BTC bulls will get overwhelmed.
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Lol, idiot
Joe McCann
@joemccannSep 15
The Fed will hold rates. Book it.
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The fed has raised interest rates by 25bp in a 10-2 majority vote.
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bitcoin:native ethereum:native & solana:So11111111111111111111111111111111111111112 on the 4h time frame. Note the pattern breakdowns and subsequent backtests across #BTC #ETH & #SOL . This is a textbook pattern breakdown with room to tank significantly. BTC formed a rising channel which broke down into a descending triangle = extreme bearish
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BTC T/A
Beep Boop@BeepBoopSupremeSep 16
bitcoin:native ethereum:native & solana:So11111111111111111111111111111111111111112 on the 4h time frame. Note the pattern breakdowns and subsequent backtests across #BTC #ETH & #SOL . This is a textbook pattern breakdown with room to tank significantly. BTC formed a rising channel which broke down into a descending triangle = extreme bearish
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