burakb

burakb Updated 

RSI is a great indicator if you have time to scale into a short or long.

burakb

Bullish Outlook: bitcoin is holding on this macro trendline and looks like 30k was the lowest we will ever see from now on. Bearish Outlook: most world markets are about to have a deep correction and this macro trendline can be abused again.

burakb

Looks like a nice swing trade. Stop loss above 57700.

burakb

Previous 50.500 resistance will "probably" become support for a while and we may see a huge altseason. However it is very risky. Overall I am bearish.

burakb

See how each HH is smaller and each rally is shorter. Also the Uptrend Line ha been broken . This boy needs a correction I think. Check my related post.

burakb Updated 

bearısh scenarıo : btc stıll dıd not break the trendlıne where a new uptrend started at july 21th, however ıt looks very weak ıf we break 44k wıth a daıly close thıngs wıll get really ugly ın my opınıon. bullısh scenarıo: sınce the trendlıne held (for now) we may stıll make a hıgher hıgh. stıll the bounce from the trendlıne must have been fast and strong whıch...

burakb Updated 

BTC IS EXPECTED TO TEST MA200 AND THE MAIN DOWNTRENDLINE. ı DO NOT THINK SO SINCE IT IS MAKING LOWER HIGHS. STILL POSSIBLE YES, BUT VERY LOW POSSIBILITY FOR ME

burakb Updated 

BTC made an amazing pump which may be seen as a sign of strength in Wyckoff perspective. Still I would not buy it until it breaks out and holds out of the supply line and trading range. If price holds 43k and above I will become bullish. Until then I am neutral.

burakb Updated 

Late shorters , were bullish just a few days ago, who thought yesterday that " oh 30k support is broken I will short here, I am a GENIUS!!" people will be wiped out with the latest pump action. This green movement will stop when they are liquaidated and/or long again. Probably at most 32.5k - 33k . Still Supply trendline shows 31500 is the turning point but I...

burakb Updated 

Accumulation and Redistribution always looks same until one side is broken. Schematics may mislead us. Just looking at the textbook wyckoff schematic and trying to fit it in the current price action makes no sense at all. Both accumulation and distribution can come in infinite ways. So we should look at the rallies and declines, in our case I choose...

burakb Updated 

I AM AN AMATEUR SO IGNORE THIS CHART PLS. MOST PEOPLE THINK WE ARE IN ACCUMULATION HOWEVER LOW VOLUME AND FAILED HH AND RELATIVELY STRONGER DUMPS THAN PUMPS INDICATE THIS IS A REDISTRIBUTION AND WE WILL LEAVE THE 30-40 RANGE SOON AND WILL REDISTRIBUTE BTW 20S AND 30S. I AM NOT AN EXPERT. JUST PRACTICING AND NOTING FOR FUTURE MYSELF TO CHECK.

burakb

ETH SEEMS VERY WEAK. IT NEEDS A REVERSAL SOON OR THINGS WILL GET REALLY UGLY I AM AFRAID

burakb

I expect scenario NR 1 to play out , then crash.

burakb

As shown by stars each top is lower, we are printing lower highs. We have a descending trend. This is a bearish sign. Also MA50 AND MA200 already became strong resistances and price is now much below MA200. I won't start thinking bullish unless we breakout the falling trend and stay above. Yellow Lines are the monthly candle's borders, blue one is the mid price...

burakb Updated 

MAY BE

burakb

A rising Wedge

burakb Updated 

Price will probably be rejected around here. It may send a wick to upside but I don't expect it to stay above there.

burakb Updated 

JUST PLAYING FOR FUN . IGNORE IT