BallaJi

Feb 20, 2024 11:03 AM

BITCOIN is still BULLISH. Because we are Embedded. Long

BitcoinCRYPTO

Description

⋅ Feb 20, 2024 11:03 AM

I see people trying to short this market!

WRONG, WRONG, WRONG.

You should be

LONG, LONG, LONG.

Whilst the slow stochastic's are embedded - which they have been for 10 days now.

How do Slow Stokes embed? 3 continuous days with readings above 80 on the K&D line.

You now have a indicator that has flipped from overbought to a LOCKED 🔒 in trend.

(This also works in Bear moves with reading under 20)

We could see 55K easily by Friday a return. move to the upper Bollinger Band.

If at any point the stochastic's close under 80... they can regain their embedded status, the very next day ONLY.

Also losing the stochastic's doesn't mean to short, but simply take some chips off the table.

Comment

⋅ Feb 21, 2024 7:12 PM

STILL
EMBEDDED
so for now
these dips are meant to be bought.

Order cancelled

⋅ Feb 23, 2024 8:14 AM

Stochastics are no longer above 80.. warning.
Unless there is a big green candle today I assume they will close below that 80 zone.

Comment

⋅ Feb 24, 2024 7:48 PM

what if the stokes re-embed next week????

Comment

⋅ Feb 29, 2024 9:10 AM

On the CME Bitcoin futures
The slow stochastics
ARE still embedded
and have been since the 12th of FEB!
Gotta look at the CME charts as well.

Trade active

⋅ Mar 5, 2024 11:41 AM

incredible stuff

Trade active

⋅ Mar 8, 2024 10:35 AM

Still embedded on the CME

upper Bollinger band over 71k

Trade active

⋅ Mar 12, 2024 11:15 AM

broken record still embedded

upper Bollinger band $73605

Trade active

⋅ Mar 14, 2024 2:16 PM

you guessed it still embedded :)

upper bollinger band @ $78,236

people seem to be getting bored of these high prices

maybe Honey badger has to add another 6k to entertain you some more.

Comment

⋅ Mar 16, 2024 8:21 AM

just checking Friday's close
yup still in the zone

Comments

XXPERKINSXX

⋅ Feb 23, 2024 10:49 PM

Well, Wentworth shortened but. You still could go short. You could have gone short. You could have shorted it.

BallaJi

⋅ Feb 24, 2024 9:42 AM

@XXPERKINSXX, But the stochastics embedded on the 10th of Feb @ a price of 48K ... it ran to 53k think of the poor souls taken to out the woodshop during that run up.
And if u did short , what did you gain versus the increased risk of being wrong
... That's not how to trade.
If you do indeed want to trade and not blow up your accounts frequently.

ParabolicP

⋅ Feb 24, 2024 11:51 AM

Embedded ha

prefabsprout

⋅ Feb 21, 2024 3:51 PM

so we are long because we are embedded, but even if we arent we are long. brilliant...

BallaJi

⋅ Feb 21, 2024 4:26 PM

@prefabsprout, unless you are sidelined or short.

GamottoMalakas

⋅ Feb 20, 2024 11:32 AM

Very hope it not a your FOMO mood with all respect U and your great work and analysis of market.

BallaJi

⋅ Feb 20, 2024 11:42 AM

@GamottoMalakas, I don't use indicators as you have seen. Because they are lagging. Telling you what already HAS happened to the price. Slow stochastics when they embed. Give u a slight peek into the future, so I do keep an eye on them. Prices also do respect Bollinger Bands... back to the upper band we go (whilst embedded)

GamottoMalakas

⋅ Feb 20, 2024 11:51 AM

@BallaJi Just now understood clear. Sorry Bro

Level_One

⋅ Feb 21, 2024 7:38 PM

@BallaJi Agree, I’ve tried creating automated strategies with many different indicators but settled on something simple using only Bollinger Bands, BB% and BBW. Thanks for the embedded Stoch idea, will be taking a closer look at that.

MyCryptoParadise_Nathan

⋅ Feb 20, 2024 7:21 PM

Your bullish stance is contagious! The emphasis on the slow stochastic's being embedded for 10 days is a powerful observation.