I cannot tell where the top will be but it is likely to be in this area.
If this does not hold, then next will be 11500-13000.
And past that, 20000-25000.
If it makes it to 9700-9800 this bet could even be risk-free since this dumb ponzi drops 10% or more on every single resistance.
The way buyers have behaved - disbelief - hope - start getting excited - complete euphoria - and now complacent "100% confirmed bull market" * is in line with the top of this micro bull market being in the 8500-10000. The odds we run out of suckers soon are very high.
I expected every fool interested in this ponzi scheme that did not get trapped in the downtrend of 2018 to be patting themselves on the back and wait for "the bottom" to jump in asap and get trapped. Every one jumped in suddenly as the vertical price action has shown. And there is no one left to establish an actual trend.
They do not exactly make a great job of hiding it. Actually these future grilled steaks even flex, and give us all the information we need.
Kraken is looking for investors again. Bitconnect is re-opening, they call it Bitconnect 2.0. Very unlikely this is not the top.
The BARE minimum will be a 30% drop, and the higher we go, the bigger the price drop.
If this does not hold, then next will be 11500-13000.
And past that, 20000-25000.
If it makes it to 9700-9800 this bet could even be risk-free since this dumb ponzi drops 10% or more on every single resistance.
The way buyers have behaved - disbelief - hope - start getting excited - complete euphoria - and now complacent "100% confirmed bull market" * is in line with the top of this micro bull market being in the 8500-10000. The odds we run out of suckers soon are very high.
I expected every fool interested in this ponzi scheme that did not get trapped in the downtrend of 2018 to be patting themselves on the back and wait for "the bottom" to jump in asap and get trapped. Every one jumped in suddenly as the vertical price action has shown. And there is no one left to establish an actual trend.
They do not exactly make a great job of hiding it. Actually these future grilled steaks even flex, and give us all the information we need.
Kraken is looking for investors again. Bitconnect is re-opening, they call it Bitconnect 2.0. Very unlikely this is not the top.
The BARE minimum will be a 30% drop, and the higher we go, the bigger the price drop.
Trade active:
Trade active. NOW, not 3 weeks ago when I typed and repeated "wait".
Dumb crypto clowns that fail to comprehend probabilities are going to get so rekt sooner or later. Kek.
Dumb crypto clowns that fail to comprehend probabilities are going to get so rekt sooner or later. Kek.
Comment:
Expecting BitconnectCoin to break and go up & fill my sell orders.
Target of the pennant is ~9500 which is where the next identified reversal area is.
Keeping my orders small till then. Well, got to check my notes from last week but I think I had every thing converging here. Will update if not the case.
Target of the pennant is ~9500 which is where the next identified reversal area is.
Keeping my orders small till then. Well, got to check my notes from last week but I think I had every thing converging here. Will update if not the case.
Comment:
Ways to disagree with the global consensus without much risk.
Comment:
Uh
Comment:
Entered this trade with a reward-to-risk ratio of 8.
A very tight stop.
Thanks to funding I already have a return of more than 10% on the initial risk and my stop loss has been pushed back by a significant amount.
If funding continues at this rate and price does not move, *10 longs will get liquidated in around 2 weeks.
And I will triple or more the money I risked :)
If the price goes up, I expect funding to get even better.
Very, very comfy here.
Not going to say it is impossible to lose, but I will say this:
Thank you bulls.
A very tight stop.
Thanks to funding I already have a return of more than 10% on the initial risk and my stop loss has been pushed back by a significant amount.
If funding continues at this rate and price does not move, *10 longs will get liquidated in around 2 weeks.
And I will triple or more the money I risked :)
If the price goes up, I expect funding to get even better.
Very, very comfy here.
Not going to say it is impossible to lose, but I will say this:
Thank you bulls.
Comment:
Zooming in I see potentially this.
Infinity repeating patterns |D
Infinity repeating patterns |D
Comment:
These infinity repeating patterns...
I profited of the obvious stop losses to get a tiny profit and a much better entry on my short.
Posted all on twitter.
I never know who are the idiots buying aggressively into supply area or setting their stop losses at obvious levels.
But I know they have been doing this for several hundred years so I do not expect it to stop anytime soon. Hallelujah.
Now let's see if it continues down. Whatever happens it was a good trade, 1/3 risk-free. Peace.
I profited of the obvious stop losses to get a tiny profit and a much better entry on my short.
Posted all on twitter.
I never know who are the idiots buying aggressively into supply area or setting their stop losses at obvious levels.
But I know they have been doing this for several hundred years so I do not expect it to stop anytime soon. Hallelujah.
Now let's see if it continues down. Whatever happens it was a good trade, 1/3 risk-free. Peace.
Comment:
I am not asking for much, I just want a nice 30% and I will take profit.
Anyway, it seems unlikely we just go straight up now, and if things go well, in the case we do not go down, rekt longs pay shorts on Bitmex and I will get my entire risk refunded anyway?
Risk free short. It is not over, but looking good right now.
Anyway, it seems unlikely we just go straight up now, and if things go well, in the case we do not go down, rekt longs pay shorts on Bitmex and I will get my entire risk refunded anyway?
Risk free short. It is not over, but looking good right now.
Comment:
Lots of eager buyers. Re-short at 9750 if they keep coming.
Thanks for the money, I guess?
Thanks for the money, I guess?
Order cancelled:
We are done here. I took profit, let it go higher re-shorted, let it go higher again, and higher. I gave it plenty of space. But at some point I am DONE. I want it to go straight down eventually. /ff
I made some profit got back what I lost at 6k. It's something.
I wanted something like this:
Trade takes too long, not normal. Cancelled.
I made a new idea, actually it's pretty god if it keeps going up, more money to be made. And one immense crash at 20k would be beautiful:
I made some profit got back what I lost at 6k. It's something.
I wanted something like this:
Trade takes too long, not normal. Cancelled.
I made a new idea, actually it's pretty god if it keeps going up, more money to be made. And one immense crash at 20k would be beautiful:
Novices are still seing "short squeezes" everywhere...
They're really so bad at this...
These are actual short squeezes (short sellers are not able to cover):