<img src="https://cdn.steemitimages.com/DQmTU84h4TnAgCRuZHJHr9iShthoMYrQWLCjcFVs6cbJsYx/bitcoin-3024279_640.jpg" /><br/> When looking at the bitcoin chart I favor the daily chart to read trend and make decisions. However, often I zoom in to get a glance of what is possibly to come. <h2>Consolidate and Leg Down</h2> In this post I'm looking at the 4 hour time frame. Something jumped out at me on this chart right away and you can see I have circled it in gold. <img class="alignnone wp-image-2579 size-medium" src="https://mentormarket.io/scaredycatguide/wp-content/uploads/sites/6/2018/12/Capture-5-300x163.png" alt="" width="300" height="163" /><br/> Looking at the chart we can see a theme for the past two weeks. Sideways price action followed by a sell off, which then leads to more sideways or consolidating if you will. The thing to note is volume though. On the two previous instances we so a big lull in volume before a spike that sent bitcoin lower. Currently volume is still rather decent, which means this has a chance of also being a basing bottom as much as it does a consolidation before selling off. Flip a coin folks! There is no blatantly clear read here. Since the daily chart is still in a sell mode, we do need to give that some more weight. Tread lightly. <hr /> <p style="text-align: center;"><em>Published by <a href="https://mentormarket.io/scaredycatguide/">ScaredyCatGuide</a> </em></p> <p style="text-align: center;"><em> on </em></p> <center><a href="https://mentormarket.io"><img class="size-full wp-image-2374 aligncenter" src="https://mentormarket.io/mentor/wp-content/uploads/sites/2/2018/11/150-blue-Overlay-6.png" alt="" width="150" height="40" /></a></center><center><em>with <a href="https://wordpress.org/plugins/steempress/">SteemPress</a></em></center><center><em>https://mentormarket.io/scaredycatguide/is-bitcoin-consolidating-for-a-leg-down/ </em></center> <hr /> <p style="text-align: center;"><a href="https://mentormarket.io/about/terms-of-service/"><img class="alignnone size-full wp-image-2373" src="https://mentormarket.io/mentor/wp-content/uploads/sites/2/2018/11/Disclaimer.png" alt="" width="750" height="125" /></a></p>
post_id | 67,386,984 | ||||||
---|---|---|---|---|---|---|---|
author | scaredycatguide | ||||||
permlink | isbitcoinconsolidatingforalegdown-d3pvup9w44 | ||||||
category | timm | ||||||
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created | 2018-12-13 22:04:21 | ||||||
last_update | 2018-12-13 22:04:21 | ||||||
depth | 0 | ||||||
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last_payout | 2018-12-20 22:04:21 | ||||||
cashout_time | 1969-12-31 23:59:59 | ||||||
total_payout_value | 6.125 SBD | ||||||
curator_payout_value | 1.734 SBD | ||||||
pending_payout_value | 0.000 SBD | ||||||
promoted | 0.000 SBD | ||||||
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root_title | "Is Bitcoin Consolidating for a Leg Down?" | ||||||
beneficiaries |
| ||||||
max_accepted_payout | 1,000,000.000 SBD | ||||||
percent_steem_dollars | 10,000 | ||||||
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
berniesanders | 0 | 8,641,801,031 | 0.8% | ||
nextgencrypto | 0 | 496,266,444 | 0.8% | ||
teamsteem | 0 | 9,588,583,742 | 5% | ||
thecryptofiend | 0 | 28,459,058,075 | 25% | ||
intelliguy | 0 | 27,978,531,954 | 100% | ||
mammasitta | 0 | 239,912,903 | 0.05% | ||
steempress | 0 | 29,246,195,224 | 7% | ||
jasonstaggers | 0 | 17,079,539,262 | 25% | ||
scaredycatguide | 0 | 126,639,598,938 | 100% | ||
sc-steemit | 0 | 27,251,368,616 | 15% | ||
gonzo | 0 | 278,006,690 | 20% | ||
anotherjoe | 0 | 1,274,691,673,815 | 100% | ||
elamental | 0 | 363,828,153 | 1% | ||
nelkel | 0 | 225,162,618 | 40% | ||
andrewawerdna | 0 | 484,510,252 | 100% | ||
anarcho-andrei | 0 | 1,026,716,289 | 4.8% | ||
escapeamericanow | 0 | 44,358,003,520 | 100% | ||
carrinm | 0 | 350,538,962,675 | 50% | ||
freemoceanisnow | 0 | 80,540,672,447 | 100% | ||
aggroed | 0 | 1,730,857,601,538 | 100% | ||
getonthetrain | 0 | 149,919,265,274 | 100% | ||
thecyclist | 0 | 2,179,358,208 | 0.8% | ||
maarnio | 0 | 29,838,396,361 | 10% | ||
clayboyn | 0 | 3,359,986,262 | 5% | ||
fortinbuff | 0 | 1,653,439,918 | 100% | ||
mitchelljaworski | 0 | 23,147,065,281 | 100% | ||
expat | 0 | 429,918,965 | 100% | ||
bukiland | 0 | 3,014,959,904 | 0.8% | ||
builderofcastles | 0 | 6,251,935,477 | 21% | ||
expatembassy | 0 | 469,927,088 | 100% | ||
steemprentice | 0 | 20,186,630,279 | 10% | ||
engagement | 0 | 0 | 0.8% | ||
timm | 0 | 1,217,448,779,449 | 100% | ||
newhope | 0 | 1,158,938,561,429 | 14% | ||
iflagtrash | 0 | 0 | 0.8% | ||
ripperone | 0 | 801,703,811,486 | 16% | ||
lenin-mccarthy | 0 | 4,750,538,101 | 100% | ||
randomthoughts | 0 | 87,790,210 | 0.8% | ||
thecrazygm | 0 | 3,242,735,091 | 100% | ||
choogirl | 0 | 12,424,964,507 | 7% | ||
ma1neevent | 0 | 48,207,416,217 | 25% | ||
sacred-agent | 0 | 27,647,650,908 | 24% | ||
turnboss | 0 | 8,045,547,537 | 100% | ||
gohba.handcrafts | 0 | 59,586,052,422 | 50% | ||
swelker101 | 0 | 137,384,462,479 | 100% | ||
charles1 | 0 | 3,590,032,112 | 20% | ||
isaria | 0 | 39,016,561,172 | 10% | ||
scooter77 | 0 | 16,964,688,026 | 50% | ||
crimsonclad | 0 | 22,224,150,104 | 6% | ||
paulag | 0 | 14,188,561,864 | 5% | ||
jonmagnusson | 0 | 139,905,259 | 0.5% | ||
cobloc | 0 | 133,051,765 | 8% | ||
jayna | 0 | 895,471,253 | 2.4% | ||
vachemorte | 0 | 16,962,739,997 | 25% | ||
netuoso | 0 | 514,058,902,782 | 100% | ||
furious-one | 0 | 67,300,250,687 | 30% | ||
forexbrokr | 0 | 196,613,197,711 | 100% | ||
thedelegator | 0 | 12,325,238 | 0.8% | ||
toofasteddie | 0 | 10,319,779,471 | 10% | ||
discordiant | 0 | 1,520,504,970 | 6% | ||
jpederson96 | 0 | 13,779,296,684 | 25% | ||
msp-lovebot | 0 | 79,401,540,269 | 20% | ||
amymya | 0 | 590,634,688 | 1.6% | ||
steembusiness | 0 | 20,761,019,360 | 20% | ||
msp-shanehug | 0 | 102,620,405,269 | 30% | ||
buggedout | 0 | 4,957,527,454 | 100% | ||
msp-waves | 0 | 773,212,598,765 | 75% | ||
realestatecoach | 0 | 37,991,712,354 | 100% | ||
redrica | 0 | 1,525,298,623 | 3.52% | ||
avesa | 0 | 61,986,865 | 0.33% | ||
jadabug | 0 | 594,721,790 | 0.7% | ||
trevorpetrie | 0 | 1,844,848,927 | 16% | ||
carrieallen | 0 | 1,490,312,427 | 5% | ||
melavie | 0 | 371,335,155 | 3.2% | ||
art-mess | 0 | 194,047,053 | 8% | ||
ngc | 0 | 111,857,906,199 | 0.8% | ||
socent | 0 | 561,493,380 | 15% | ||
eonwarped | 0 | 27,347,944,674 | 8% | ||
heyimsnuffles | 0 | 5,841,174,362 | 30% | ||
evecab | 0 | 185,771,603 | 0.8% | ||
pechichemena | 0 | 683,511,656 | 3.2% | ||
public-eye | 0 | 18,777,834,715 | 100% | ||
kernelillo | 0 | 157,276,209 | 8% | ||
helpie | 0 | 268,321,372,612 | 16% | ||
geekpowered | 0 | 56,762,792,752 | 70% | ||
markaustin | 0 | 301,249,911 | 5% | ||
luisferchav | 0 | 594,449,782 | 8% | ||
soulturtle | 0 | 379,244,955 | 3.2% | ||
conradsuperb | 0 | 16,761,221,151 | 33% | ||
nelkeljdm | 0 | 17,746,039,425 | 40% | ||
ervinneb | 0 | 35,938,863,243 | 50% | ||
mountainjewel | 0 | 862,323,869 | 1.28% | ||
carpedimus | 0 | 290,473,587 | 8% | ||
gamsam | 0 | 1,650,110,115 | 0.48% | ||
stiflers-mom | 0 | 4,069,935,268 | 90% | ||
slacktmusic | 0 | 299,112,849 | 8% | ||
buddhist | 0 | 2,148,761,267 | 91% | ||
dailythoughts | 0 | 4,508,439,110 | 12.5% | ||
newageinv | 0 | 46,013,416,507 | 14% | ||
grizzle | 0 | 200,066,815 | 1% | ||
silentscreamer | 0 | 2,268,248,754 | 8% | ||
warpedpoetic | 0 | 549,693,227 | 2.4% | ||
hazem91 | 0 | 543,350,255 | 3.2% | ||
verhp11 | 0 | 149,720,529 | 1% | ||
atomcollector | 0 | 693,954,681 | 3% | ||
juandvg | 0 | 117,244,118 | 8% | ||
anthrovegan | 0 | 3,274,918,458 | 50% | ||
siomarasalmeron | 0 | 889,191,223 | 8% | ||
spawnband | 0 | 324,854,135 | 3.2% | ||
foxyspirit | 0 | 625,629,855 | 3.2% | ||
smokeynagata | 0 | 1,657,932,041 | 40% | ||
derangedvisions | 0 | 953,589,976 | 4% | ||
lordbutterfly | 0 | 2,879,330,187 | 10% | ||
rollandthomas | 0 | 3,109,726,613 | 100% | ||
steempress-io | 0 | 2,823,995,785,526 | 7% | ||
veckinon | 0 | 429,368,203 | 8% | ||
camuel | 0 | 14,794,708,108 | 25% | ||
shenanigans | 0 | 15,481,757,558 | 90% | ||
recordpool | 0 | 120,661,755 | 5% | ||
moshitunes | 0 | 209,532,961 | 5% | ||
archaimusic | 0 | 119,438,342 | 10% | ||
bembelmaniac | 0 | 3,908,402,606 | 44% | ||
musicvoter | 0 | 3,445,235,918 | 1% | ||
zaxan | 0 | 165,658,367 | 3.2% | ||
kbr | 0 | 346,109,905 | 4% | ||
free-reign | 0 | 259,921,940 | 8% | ||
shookriya | 0 | 146,703,746 | 3.55% | ||
frejafri | 0 | 131,752,867 | 1.6% | ||
adam-aj | 0 | 65,638,376 | 0.5% | ||
mitrin | 0 | 2,481,976,072 | 100% | ||
marysemciver | 0 | 149,608,563 | 6.4% | ||
cowtippin | 0 | 11,015,821,624 | 90% | ||
sbi6 | 0 | 14,389,885,314 | 7% | ||
hhtb | 0 | 953,363,373 | 10% | ||
lillywilton | 0 | 631,892,743 | 20% | ||
investorsclub | 0 | 53,944,613,156 | 100% | ||
alts | 0 | 72,211,733 | 100% | ||
robinhoodupme | 0 | 474,804,738 | 24% | ||
columbiasc | 0 | 5,158,107,797 | 100% | ||
emsteemians | 0 | 102,111,928 | 10% | ||
chrisrice | 0 | 5,639,076,788 | 100% | ||
hornetmusic | 0 | 73,699,789 | 50% | ||
raoufwilly | 0 | 270,071,282 | 4.8% | ||
helpiefanclub | 0 | 723,145,093,926 | 96% | ||
timm-caja | 0 | 94,802,038,411 | 100% | ||
oh-high-mark | 0 | 111,127,857 | 8% | ||
stonerfeed | 0 | 175,121,715 | 8% | ||
butt-memes | 0 | 415,115,709 | 8% | ||
theduskinus | 0 | 932,702,166 | 8% |
After last year, it's crazy how low it's gotten...and it kinda does look like it might go lower...but I so don't wanna believe it...
post_id | 67,388,821 |
---|---|
author | geekpowered |
permlink | re-scaredycatguide-isbitcoinconsolidatingforalegdown-d3pvup9w44-20181213t231520577z |
category | timm |
json_metadata | {"tags":["timm"],"community":"steempeak","app":"steempeak"} |
created | 2018-12-13 23:15:21 |
last_update | 2018-12-13 23:15:21 |
depth | 1 |
children | 0 |
net_rshares | 0 |
last_payout | 2018-12-20 23:15:21 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 132 |
author_reputation | 87,096,358,995,607 |
root_title | "Is Bitcoin Consolidating for a Leg Down?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
I guess that is good. I recently bought my first crypto in over a year. Maybe I will keep buying as it drops lower. Though... a level off and support level would make me much more comfortable.... I still think 2 years from now I will be patting myself on the back from these purchases! Thx
post_id | 67,389,090 |
---|---|
author | public-eye |
permlink | re-scaredycatguide-isbitcoinconsolidatingforalegdown-d3pvup9w44-20181213t232651800z |
category | timm |
json_metadata | {"tags":["timm"],"app":"steemit\/0.1"} |
created | 2018-12-13 23:26:51 |
last_update | 2018-12-13 23:26:51 |
depth | 1 |
children | 1 |
net_rshares | 526,759,531 |
last_payout | 2018-12-20 23:26:51 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 294 |
author_reputation | 1,881,241,039,849 |
root_title | "Is Bitcoin Consolidating for a Leg Down?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
penghuren | 0 | 526,759,531 | 10% |
Yeah, I think buying here down to 1,800 is a very good risk-reward scenario over the next couple years.
post_id | 67,394,803 |
---|---|
author | scaredycatguide |
permlink | re-public-eye-re-scaredycatguide-isbitcoinconsolidatingforalegdown-d3pvup9w44-20181214t030259618z |
category | timm |
json_metadata | {"app":"steemit\/0.1","tags":["timm"]} |
created | 2018-12-14 03:03:03 |
last_update | 2018-12-14 03:03:03 |
depth | 2 |
children | 0 |
net_rshares | 20,618,176,656 |
last_payout | 2018-12-21 03:03:03 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 103 |
author_reputation | 226,754,312,587,080 |
root_title | "Is Bitcoin Consolidating for a Leg Down?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
mitchelljaworski | 0 | 20,618,176,656 | 100% |
Capitulation please come and get it over with! Have my stash ready to buy and help the rebound higher... Posted using [Partiko iOS](https://steemit.com/@partiko-ios)
post_id | 67,392,623 |
---|---|
author | newageinv |
permlink | newageinv-re-scaredycatguide-isbitcoinconsolidatingforalegdown-d3pvup9w44-20181214t013811450z |
category | timm |
json_metadata | {"app":"partiko"} |
created | 2018-12-14 01:38:12 |
last_update | 2018-12-14 01:38:12 |
depth | 1 |
children | 0 |
net_rshares | 0 |
last_payout | 2018-12-21 01:38:12 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 167 |
author_reputation | 109,928,704,812,170 |
root_title | "Is Bitcoin Consolidating for a Leg Down?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
It doesn't look good, $3k next stop.
post_id | 67,398,838 |
---|---|
author | rollandthomas |
permlink | re-scaredycatguide-isbitcoinconsolidatingforalegdown-d3pvup9w44-20181214t053326889z |
category | timm |
json_metadata | {"app":"steemit\/0.1","tags":["timm"]} |
created | 2018-12-14 05:33:27 |
last_update | 2018-12-14 05:33:27 |
depth | 1 |
children | 1 |
net_rshares | 21,037,970,746 |
last_payout | 2018-12-21 05:33:27 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
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body_length | 36 |
author_reputation | 314,613,806,869,622 |
root_title | "Is Bitcoin Consolidating for a Leg Down?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
mitchelljaworski | 0 | 21,037,970,746 | 100% |
Yeah, 2950 is the line in the sand for me. Cracks that we are likely seeing 1800, which at this point I'd take a capitulation spike to that.
post_id | 67,429,121 |
---|---|
author | scaredycatguide |
permlink | re-rollandthomas-re-scaredycatguide-isbitcoinconsolidatingforalegdown-d3pvup9w44-20181214t221341432z |
category | timm |
json_metadata | {"app":"steemit\/0.1","tags":["timm"]} |
created | 2018-12-14 22:13:42 |
last_update | 2018-12-14 22:13:42 |
depth | 2 |
children | 0 |
net_rshares | 21,467,841,613 |
last_payout | 2018-12-21 22:13:42 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
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body_length | 141 |
author_reputation | 226,754,312,587,080 |
root_title | "Is Bitcoin Consolidating for a Leg Down?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
mitchelljaworski | 0 | 21,467,841,613 | 100% |