TradingView
IBRA-
Jun 13, 2022 7:30 PM

2018 RANGE RETEST IN PLAY Long

Bitcoin / U.S. dollarBitstamp

Description

I've been sharing short ideas for months and insisting that we are clearly in a bear market, this will take months before any reversal, and imo we are still far from that reversal.

Looking at weekly chart, seems obvious everyone is pointing to 2017 ATH, I've been reading the "bitcoin has never retest previous ATH" for weeks now, many waiting for a perfect retest to buy, and I highly doubt we will have that perfect retest, or price frontruns everyone with out retesting previous ath (very low chances looking at the global market), or we have a bounce at the ATH, make the ilussion of a bottom, and take down the market to previous range highs with all those that longed the ATH.

Look at the chart, real range high of 2017 is around 12k area, where that first move to 20k looks like a deviation, with many weekly candles proving the 12k area to be the real range high.


That's for me the key area where I will be looking to buy for a bounce, with all the 20k buyers capitulating.

Good luck and stay safe.
Comments
ATT1L4THEHUN
You're doing it wrong mate, people wants hopyum and bullish charts pointing to 100k, no the oposite.
Look at the most viewed charts, all bullish and all wrong, but does not mather, just give to the audience what they want lmao

Just joking, great work as always.
IBRA-
@ATT1L4THEHUN, yeah I know, I was not gonna post again because people in this platform just want positive lies, not negative truth lol
But a couple of people reach me last week via dm to thank because I prevent them on losing even more in their alts and btc positions. And that's worth more than any views or likes, so I'm just sharing a couple last ideas before leaving till autum, summer is here and this last 6 months have been the most profitable of my last 9 years of trading, so I will enjoy hugely out from screens.

And thanks as always for support bro, probably going to Amsterdam in July so I will reach u in discord.
ATT1L4THEHUN
@IBRA-, More than deserved brother, enjoy your vacations 👊👊💕
space_ninja
@IBRA-, you're cool. Have a righteous mind, positive vibes. God bless you.
revivalcrypto
we are experiencing a bear trend not a bear market. Still must complete wave 5 which should take us to ATH. Then we will experience a full bear winter.
space_ninja
@revivalcrypto, wave 5 was done. sorry.
More