Btc is in Big trouble and yet some so called experienced traders suggesting to buy alt coins .I strongly advice against it. Those who are suggesting to trade specific alt coin because of whatever the years experience they got, they are likely suggesting it because they do want to get ride of their big alt coin stack. You may be lucky once or twice with few of this impulse waves but things could turn ugly real fast here. If trading required at this zone, trading strategy should be trying to enter the trade towards the bottom of the range pick a realistic target then get out with some profit. Try to to stick with Btc alone. You will not make as much money but also you will not lose as much. If you go greedy here, you may lose big $$$. I have given few possible options here. only one outcome could be really bullish and rest are bearish. So only less then 20% of a chance bull market could continue from here. This is a slim possibly and not suitable for going long. Otherwise you are not trading, you are gambling. I will update this chart as we move along.
** This is not an investment idea. Only trying to pass my vast trading experience on cryptos to newcomers and less experienced traders. My predictions based on calculated reward Risk ratios. I can not be right all the time. So far I have very high percentage of success of predicting. Once you click buy button you are doing it with your own will. Nobody can force you to buy and sell but yourself. Please comment below and click like button to support my efforts.
My last prediction also turned out to be very accurate.**
** This is not an investment idea. Only trying to pass my vast trading experience on cryptos to newcomers and less experienced traders. My predictions based on calculated reward Risk ratios. I can not be right all the time. So far I have very high percentage of success of predicting. Once you click buy button you are doing it with your own will. Nobody can force you to buy and sell but yourself. Please comment below and click like button to support my efforts.
My last prediction also turned out to be very accurate.**
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So we did go up near $39k and everybody seems to be cheering already but all I see is people helping manipulators of this market. All this entitles bought large quantities of btc at 30-34k levels quietly selling while people thinking we are going back above 100k. This is just sad! What happens after they done selling? After a giant drop like that moving up without enough consolidation is just bad news. This is not bullish, It is actually very bearish. We did not even check twice to see if 30k level holds. No second test not enough consolidation clear manipulation going on. Bitmex used to questionable exchange but after crack down attempt from authorities, they stepped down. But now I am having second thoughts about binance. I personally believe they are using aggressive trading bots to manipulate the market. And they up to no good. Just be extra careful here!
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Well things moving along exactly the way it suppose to be. I was telling you about going up to $39k is actually bearish. And please stop blaming Elon! Perhaps you should focus on Big exchanges instead. Elon tweeted after the fact of flash crash. This meme indicates that he is actually sad about this like many out there. This dummy zone is professional trade zone not suitable for beginners. We should be heading towards the bottom of this dummy zone. Nothing out of the ordinary.
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First $35.500 then $36.500 figure well defended by bulls. IF $37.700 can be captured by bulls , we can try for another $40k attempt. Buying interest seems really strong at this time. So we are at strategically important point! currently at 37450 usd!
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This is just painful! Binance non stop manipulating action.
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Anything under 36k being bought. This is good sign so far. But we need another attempt at 40k-42k to see where the local top is. We are still in the dummy zone but in theory we have tested the bottom part of the dummy zone and we should also test the top part! Otherwise this is getting really weird. Not really bearish or bullish!
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This may be one possible gameplay when people are not expecting!
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Bears definitely losing strength here. Right now all panic and inexperienced traders trying to sell at a loss. Under 35k bears got no power and bulls accumulating. This is clearly visible. No more fud running around so market is healing from the big drop. We played bear for a while and it is time to adjust the new market conditions. Sudden moves can happen either direction but market is not as scary now! But I am expecting trend to make move towards 40-42k range. Then we can play as we move along!
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Still on the target!
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This is the real triangle on 4 hr chart for short term outlook! Many did not draw this triangle correctly!
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Still in the dummy zone. We are helping others to make millions $$ while we are watching this tight! They can not go down forever! Market makers are great at manipulating people! It feels like we are going to 0 :) But what is the actual truth? I still think that we will see massive recovery while people looking at the action!
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Morning star candle on the daily chart. Powerful reversal of the trend! One of most reliable pattern. As long as we see well sized green candle today , we are good to go!
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Not bad this tricky manipulators are good at tricking people! we are moving close to purple line
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Last short term chart working out exactly predicted!
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Hello traders,
Btc seem like getting strong. If we can break 42k zone , we can finally get out the dummy zone. I am not sure weather we completely consultation but we may have a bit a fluctuation between 38k-42k levels. But what I like to see is 45k-48k levels holding well with significant volume. What I don't like to see is btc reaching 55k+ levels in under a week. This could spell some trouble and trigger short selling. Better way to aproach this is after reaching 45k-48k level , consulate there about a week before choosing any direction. Next week will be really important and I will keep close eye on the action.
Another Good news is alt coins trying to catch up with Btc which is positive sign overall. After breaking 42k level we may see some spike on alt coins!
Btc seem like getting strong. If we can break 42k zone , we can finally get out the dummy zone. I am not sure weather we completely consultation but we may have a bit a fluctuation between 38k-42k levels. But what I like to see is 45k-48k levels holding well with significant volume. What I don't like to see is btc reaching 55k+ levels in under a week. This could spell some trouble and trigger short selling. Better way to aproach this is after reaching 45k-48k level , consulate there about a week before choosing any direction. Next week will be really important and I will keep close eye on the action.
Another Good news is alt coins trying to catch up with Btc which is positive sign overall. After breaking 42k level we may see some spike on alt coins!
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Fud ended a while ago but now we have an army of dead cross fud going on. I mean this is flat under educated 2021' class. When you sell low they are stealing your money. Dead cross does not mean we are going down to 0. It is one indicator out of 1000's. Not even reliable one. Half of the time price bounces hard from that levels. Think about this for a second, you bought a new car and you like to drive. However government telling you that probability of an accident rate could be high around your area statistically. Would not not drive your new car because of a possibility that may or may not happen or enjoy your new car while being extra cautious?
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I can not believe I am saying this but I think Btc leaning towards the only bullish continuation! This is so obvious. Do not forget when somebody sells ,other person must be buying. SO while you are freaking out creating doom case scenarios somebody laughing at you! This play was the only bullish outcome and they are stealing your money! BTC Just broke down 29.5k great place for reversal is 28.1k- 29.5k. They have done this so many times in the past. This is exactly looks like a trap before meteoric rise! Now I am sure of 42k will be taken out soon! Mark my words! And nobody will even remember china fud in 3 days!