mariusmuziks

Don't buy in a little bounce, bots are playing theirs game

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I'll be short and straight. When someone rich starts the party, they do leave party first before the party ends. All you hear is music going more and more quite. In BTC             market TA is tricky business, you never know where it will go next day. All you have is intuition and experience. This time I'm not in the game. Will be watching this bot theatre and sheeps getting slaughtered.

I doubt that BTC             will cross 6600-6700 Level. I think if it goes up it will go up to 6500 in short period of time, then down we go. It's hard to say will main support area will hold this time (red line). I do not predict that far. Whoever does predict weeks or days in BTC             he better became a weather man.

Good luck and be careful.
Comment: Looks like bulls or bots I shall say is stronger. On 240 candle pushing it to the new highs. Myself I'm going in. I think 200-400 it's possible to make on each BTC at least in short period of time.
Comment: Well taking minor loss, but looks like I was wright in the first place.Bitcoin fooled me. Jumping off the trade.
Trade closed: target reached: When all moonboys are talking theirs wishful talks, I'm just sitting back and watching this beautifull drop. As Tomtrader would say, just as I predicted. And for some reason that fat support line looks shaky. Let's open another bear and watch what will happen.
I passed on this one as well. I've been watching the price slowly rise as the cash flow exited the market. Now the price is following in the same direction as well. Same story, different day.
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KWA KWA
@KWA, here's is a picture of the bearish divergence. Price up as money flow goes down.

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