TonyB57
Short

BTCUSDT on a 1D Ichimoku still a bear trend

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTCUSDT on a 1D Ichimoku still a bear trend although we get these bullish spikes whenever the green Heikin Ashi candles break the Tenkan Sen. Still a way to go before this is a bull market, contrary to those who are yelling moon and lambo on twitter and youtube right now. Stay grounded, market makers love pushing fomo and shorting suddenly at the end of every Bart pattern. They make serious amounts of money liquidating retail traders buy/sell orders and stoplosses on these pumps n dumps guys. Im going short on a 4h right now in fact.. the 4h bearish divergence and resistance zone steering me in this direction right now ... I could be wrong but my calls have been reasonably ok lately and Im making money, so doing something right. You gotta be in the game to get anywhere. Love to hear your thoughts and feedback here, we are at a critical point in the markets right now.

Comments

Although we trading under the cloud on the ichimoku daily, we are green on Heiken Ashi daily and weekly (important).

Furthermore, there was a false breakout from the bearish rising wedge. This is a similar pattern to what occurred in April when everyone expected the rising wedge to break south, but instead broke north.

Is it possible we still break south from here? Sure. However, I would err on the side of caution and wait for confirmation before going short at this level.

From what I am seeing, this rally is destined to 7k-ish. And with 6.8 now weakened, it is certainly possible to hit the target leading into the weekend.

Regards. (•,•).\m/
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TonyB57 dralerte
@dralerte, Yep you are right, I got rekt.. well, we'll see. I wasnt leveraged, now have a stack of Tether to unload next dip past $66ook.
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TonyB57 TonyB57
@TonyB57, Market moves in mysterious ways. Im wondering if the $7700k spike was a stop run by smart money and we are going to head south.. price back at my sell entry point.. ahhh my late night thriller - staring at charts again.
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