TA: Possible confirmation of that macro low is over \ stacker news ~bitcoin

I don't know much actual technical analysis but I like to follow a lot of traders for the TA porn. In particular I wish I had found krown's channel long ago. It would have prevented me from buying too much near the top after listening to too many Up-Only moon-boys on clubhouse and youtube.

Anyway since the last dip Krown has been predicting mostly sideways action through August-September. In particular he's been waiting for the hash ribbons indicator which leads to a late "blue buy signal" indicator that has predicted the macro low is done in 10 of 11 times since inception. Caveat being the blue buy signal hasn't technically been printed yet (shows up under modified indicator settings) but likely to print soon. So probably won't see 30k again and the next local dip from here might be the best time to DCA in.

Here's the creator of the indicator all but confirming the bullish price action to come: https://twitter.com/caprioleio/status/1424249465897115648

🚀🚀🚀

1 sat \ 1 reply \ @k00b 8 Aug 2021

Man, I’m such a moon boy lol. I always feel like it’s a good time to buy.

Was Krown calling the top when it was happening?

1 sat \ 0 replies \ @gmd OP 8 Aug 2021

Interestingly he missed it which he admits to. He did bring up the "pi cycle indicator" which people kept saying was indicating the top was in but admits he downplayed it and as he was saying he favored the trend being your friend (up) until it's not.

Guys like him trade the up and down (or the smartest ones make $$ on youtube) but for me it's kind of nice to see how disconnected the market is from fundamentals and how much of it is whale market makers manipulating the price action.