Hola dear dreamboys and adults. Adults are minority on TV. Plenty of Namaste wizards and other artist who can't do anything better, but draw usefull TA every single time BTC makes a move. You know all of those names... Specialy at this time, be very carefull, because market is extremely volatile. Just be patient and instead of trading every day wait for the change. It will happen. Just have a look at monthly candle, it has masive wick. There is no chance that next monthly candle will go up from let say 6800 without going down. Ok it might not happen in th first hours or days, but it will happen. Wales are not idiots they will not buy any higher then let say $7000. Volume is slowing down on daily candle. We can guees who is buying. To me it looks like bot trading filling in emty gaps between sellers and buyers. I can't see any strenght in going any higher. Stop listen to those fake gurus and stupid moon boys (you know all those names I'm talking about).
This is not TA, this is my thought. I am in this market from 2011, so I have seen a lot. BTC is tricky animal, don't be fooled and don't listen to fools.
Be careful and try to trade longer time frames buying only when it falls and it will fall sooner or latter.
Trade active
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It's fun to watch how BTC from early morning, like nothing happened with 3k. trading volume just shoots up like a rocket taking all long limit orders. I love how these bots are washing the market. When this happens I think to myself sometimes should I really use my logic in long term, or follow the gaps, because there is no future. Any thoughts?
I am amazed at how every time they justify bear patterns as a LONG signal and the LONG signals the same. it double topped, its gonna go up! rising wedge, gonna go up! its better to not come to tradingview and do your own research most of the time, or just wait for the right opportunity to buy.
Honalulu
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@bireratilla, worst that they fool bunch of sheeps which are loosing money based on their ideas. But then again, someone has to pay for the party. BTC became no better than gamble.
bireratilla
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@GrantsBridge, people are lazy and dont want to learn TA or risk making wrong decisions, so they listen to these clowns but end up losing money too. I still remember how that poop guy disappeared for months after making a wrong call and got roasted. What are your target for the shorts? Im hoping to buy around 4.5k
Honalulu
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@bireratilla, For the last few years I trade based on live action. It's literaly imposible to guess how low or high it can go. Lucky I was catched on 4.5 last week. Very very possible it can go that low at some point. But thinking about mass behaviour wales can wash the market even lower than that. So I would not draw the plan right now. Another thing is this corona crap. I know markets made dead cat bounce, but US will be hit mega hard with all issues. So markets 99% sure will have another mega hit, say in few weeks time. So it can go much lower in longer time frame. If this situation will get worse we might end up with similar consequences like in 1920. And one thing for sure when (if) panic strikes BTC will be no exclusion zone.