Hi its turning mecard!
yes, remember the last posting that btc would go up up, confirmed bull market...yes. you see 10k! even 11k! now i still see people saying, "now we are going to see heavy correction" "we are going back to 5k"
DOES NOT know how to trade! a mean, they are so novice in trading! let me just tell you simple things why btc would never go to 3k, 4k, in next year at least.
check this chart. remember all the stuff why btc is in bull market in the last post?
yes, some reviews are.
1. weekly price has 21/50ema golden cross, in an year and a half. which is super bullish indicating bull run.
2. price would not retrace more then weekly ichimoku base line. now is 7200ish, but it will come to 8k when we keep hover in 10k area.
3. price has even broke the weekly ichimoku resistance at top, do not still care about fib resistance levels(0.386)
4.price has made higher high then last week close, more then anyone can expect.
now there are still some things that wows me.
i thought price would correct at top of the rising channel at around 10400 to 8800ish. but that did not even happen. the truth was, btc was not making a bearish rising wedge afterall. it was actually a HUGE bulllish ascending triangle. for this trade...let me tell you. probably 8 out of 10 traders would never imagined we would be at this price now. 10700. no way. most would have thought about correction from 10k. but that did not happen. the wedge made for more then 2month, and we even ran to 11k. i thought weekly close will be around 10000, or 10200, most bulllish thought that i can have, but this thing is even more greedy. it looks to close at 10600/10800 area. now normal ta, head&shoulder or many patterns do not work! guys, stop dreaming that btc would correct back to 3k!
stop drawing stupid Elliot theory drawings and argue that we have done a,b,c moves and d,e is for 3k or 5k. that is dumb.
what you have to understand the market, i tell you. we are in the start of a bull run.
of course, this does not mean that btc would not correct. correction time will come. however, i think for now it is not under 7.2k. next week? not lower then maybe 8k. all i see is correction to weekly baseline. and also btc could make 30~40% correction at some point. for fueling more to go higher. but today? tomorrow? no guys. that time will come when weekly candle closes as doji, or evening star, or bearish tweezer, or whatsoever. but now no. NOW IS BUYING MODE. STOP DREAMING IT COMES DOWN AFTER DRAWING STUPID LINES. THOSE LINES ARE TRASH. look at the candles! look how shorts get wrecked with these buyers at bottom making a red fat bearish engulfing into somewhat,
hammer, morning star candles before major closing time. just please see reality, not your dreams.
the price even looks like to close above MONTHLY BASE LINE. guys, this is mega super bullish which the price would soar like crazy before after the halving next year.
and to maintain this bullishness, btc will wait,maintain until the weekly baseline to come up from the bearish zone in 7.2k.
i will at least 8.8k.
so in mean time, price will hover over 10k. so now btc, surpassed the triangle wedge, it will consolidate in 10700/10800 zone for some time, and soar to 11k. i think little higher high, like 11300/11400dish ca be peak move this week. GO LONG!
yes, remember the last posting that btc would go up up, confirmed bull market...yes. you see 10k! even 11k! now i still see people saying, "now we are going to see heavy correction" "we are going back to 5k"
DOES NOT know how to trade! a mean, they are so novice in trading! let me just tell you simple things why btc would never go to 3k, 4k, in next year at least.
check this chart. remember all the stuff why btc is in bull market in the last post?
yes, some reviews are.
1. weekly price has 21/50ema golden cross, in an year and a half. which is super bullish indicating bull run.
2. price would not retrace more then weekly ichimoku base line. now is 7200ish, but it will come to 8k when we keep hover in 10k area.
3. price has even broke the weekly ichimoku resistance at top, do not still care about fib resistance levels(0.386)
4.price has made higher high then last week close, more then anyone can expect.
now there are still some things that wows me.
i thought price would correct at top of the rising channel at around 10400 to 8800ish. but that did not even happen. the truth was, btc was not making a bearish rising wedge afterall. it was actually a HUGE bulllish ascending triangle. for this trade...let me tell you. probably 8 out of 10 traders would never imagined we would be at this price now. 10700. no way. most would have thought about correction from 10k. but that did not happen. the wedge made for more then 2month, and we even ran to 11k. i thought weekly close will be around 10000, or 10200, most bulllish thought that i can have, but this thing is even more greedy. it looks to close at 10600/10800 area. now normal ta, head&shoulder or many patterns do not work! guys, stop dreaming that btc would correct back to 3k!
stop drawing stupid Elliot theory drawings and argue that we have done a,b,c moves and d,e is for 3k or 5k. that is dumb.
what you have to understand the market, i tell you. we are in the start of a bull run.
of course, this does not mean that btc would not correct. correction time will come. however, i think for now it is not under 7.2k. next week? not lower then maybe 8k. all i see is correction to weekly baseline. and also btc could make 30~40% correction at some point. for fueling more to go higher. but today? tomorrow? no guys. that time will come when weekly candle closes as doji, or evening star, or bearish tweezer, or whatsoever. but now no. NOW IS BUYING MODE. STOP DREAMING IT COMES DOWN AFTER DRAWING STUPID LINES. THOSE LINES ARE TRASH. look at the candles! look how shorts get wrecked with these buyers at bottom making a red fat bearish engulfing into somewhat,
hammer, morning star candles before major closing time. just please see reality, not your dreams.
the price even looks like to close above MONTHLY BASE LINE. guys, this is mega super bullish which the price would soar like crazy before after the halving next year.
and to maintain this bullishness, btc will wait,maintain until the weekly baseline to come up from the bearish zone in 7.2k.
i will at least 8.8k.
so in mean time, price will hover over 10k. so now btc, surpassed the triangle wedge, it will consolidate in 10700/10800 zone for some time, and soar to 11k. i think little higher high, like 11300/11400dish ca be peak move this week. GO LONG!