BTC: Pulling out of the accumulation phase, Mixed emotions (777)
Hello everyone i wanted to finally update everyone about whats going on: So as most of you know i was a bear for a short time. I went short on multiple occasions to profit from pullbacks at success rate of 4:2 which is ok for me as I'm still in profits of course. The idea was to short from certain levels and then eventually go long when i felt we've pulled back a decent % I'm going short one last time to the last support level which is the area I've posted on the chart. Then go long to ride BTC on its way up.... keep in mind their are going to be multiple period of times before the end if this year where the bigger players are going to try to shake you out.
IDEA 1: We go to much higher levels after one last dip... My first TP is the lower support level so around 44k then a ride up that will take us eventually to 54k with a few dips in between of course as we climb. This is BTC things due change but you should zoom out i can be a short term bear but overall long term MINDSET is the best way to go about creating a strategy. YOU WANT AS MUCH CRYPTO AS POSSIBLE. So if you are failing to predict the market try DCA (Dollar Cost Averaging) your way up as well as having a LS (Lump Sum) amount on stand by of your favorite stable coin to buy into the market with when there is a higher % pullback.
I8D IDEA 2: A correction happens before we reach higher levels as the overall market sentiment shifts to Extreme Greed and the majority of investors are caught off guard like on (May 19th) but these are different circumstances i thought very long and hard as i have been banking on a real correction for a while but i thought to myself as I've been watching the chart on BTC playout.... on multiple occasions it looks like the trend could possibly change but we end up getting pushed through local resistance levels, so i now think Whales have already accumulated large amounts I'm sure they don't want any chances of a real pullback if we break under to lower levels so (manipulation) is very clear. They have been able to shake out weak hands while being able to profit from lower prices before another bounce occurs: The wyckoff model is a great way to understand some of the moves being made. Im sure we will head to much higher levels eventually leading to a blowoff top. PS: (Volume has been extremely low making it easier for whales to push this in either direction.)
I hope you like what you've read what are some of your thoughts? - Einvestments051 DYOR *This is not financial advice
IDEA 1: We go to much higher levels after one last dip... My first TP is the lower support level so around 44k then a ride up that will take us eventually to 54k with a few dips in between of course as we climb. This is BTC things due change but you should zoom out i can be a short term bear but overall long term MINDSET is the best way to go about creating a strategy. YOU WANT AS MUCH CRYPTO AS POSSIBLE. So if you are failing to predict the market try DCA (Dollar Cost Averaging) your way up as well as having a LS (Lump Sum) amount on stand by of your favorite stable coin to buy into the market with when there is a higher % pullback.
I8D IDEA 2: A correction happens before we reach higher levels as the overall market sentiment shifts to Extreme Greed and the majority of investors are caught off guard like on (May 19th) but these are different circumstances i thought very long and hard as i have been banking on a real correction for a while but i thought to myself as I've been watching the chart on BTC playout.... on multiple occasions it looks like the trend could possibly change but we end up getting pushed through local resistance levels, so i now think Whales have already accumulated large amounts I'm sure they don't want any chances of a real pullback if we break under to lower levels so (manipulation) is very clear. They have been able to shake out weak hands while being able to profit from lower prices before another bounce occurs: The wyckoff model is a great way to understand some of the moves being made. Im sure we will head to much higher levels eventually leading to a blowoff top. PS: (Volume has been extremely low making it easier for whales to push this in either direction.)
I hope you like what you've read what are some of your thoughts? - Einvestments051 DYOR *This is not financial advice
