Here we go again.
Last break was a Sunday afternoon, the 26 May.
I think this could happen by the end of next week.
I locked in more profit on my short on Bitmex so much that I am now even net long.
It has been 1 month and 1 day since the top at 13900 and easy profit for shorting this.
Since then bears (that were not too early - or too late) have had a really good time, but I think it is time to lock in profit and let the price recover.
I would be sad if the price dropped and I missed out but have to secure things. Have to stay alive...
And now bears have more BTC on mex as before so we can short more if price makes a double top. I call worth.
I think we go up to at least 12500 and will start scaling short.
The week and month are almost over, so I think it is safe to say that we have a monthly and weekly inside bar.
I believe we could see a fake bull break of 14k followed by a shooting star on the monthly just like this fake bear break in 2013:
The bullish bet is in my opinion to be held until 12500 then scale out or trail that stop, and I would not add to my winner on a break of 14k.
Would get all the bronze medals of trading all excited and the noob bears that made a comeback capitulate again, this seems to be how the whales that control this ponzi scheme proceed to be able to exit scam with as much real money as possible. They have alot of Bitcoin to dump and no reason to play fair...
But I am onto you whales...
Last break was a Sunday afternoon, the 26 May.
I think this could happen by the end of next week.
I locked in more profit on my short on Bitmex so much that I am now even net long.
It has been 1 month and 1 day since the top at 13900 and easy profit for shorting this.
Since then bears (that were not too early - or too late) have had a really good time, but I think it is time to lock in profit and let the price recover.
I would be sad if the price dropped and I missed out but have to secure things. Have to stay alive...
And now bears have more BTC on mex as before so we can short more if price makes a double top. I call worth.
I think we go up to at least 12500 and will start scaling short.
The week and month are almost over, so I think it is safe to say that we have a monthly and weekly inside bar.
I believe we could see a fake bull break of 14k followed by a shooting star on the monthly just like this fake bear break in 2013:
The bullish bet is in my opinion to be held until 12500 then scale out or trail that stop, and I would not add to my winner on a break of 14k.
Would get all the bronze medals of trading all excited and the noob bears that made a comeback capitulate again, this seems to be how the whales that control this ponzi scheme proceed to be able to exit scam with as much real money as possible. They have alot of Bitcoin to dump and no reason to play fair...
But I am onto you whales...
Comment:
Idk if I want exposure here...
Comment:
Right again... Bitcoin is easy...
Hold until 12500 imo. SL can be trailed to guarentee profits.
That said, I got my money out of Bitmex, just left a tiny amount (50 bucks, well 55 now). I quit Bitcoin (will still post a bit and take mini trades the rare times I get an opportunity). Posted about this yesterday, was curious how many tilted baggies would attack me and assumed I lost money. Am not disappointed.
The simple fact is with FX there is 20 times as many opportunities (uncorrelated), they are 2-4 times as fast, and the risk rewards are better lol. Since I can't have an account with both FX& BTC on it... I have to lose interest in btc.
I wonder if I can turn these 50 bucks in several thousands? :D Should I start a challenge? Make an instagram maybe?
I am not interested in shorting till 14k.
There is nothing special, every extension sees a retrace (when price action shows a reversal pattern check 9k area check 13k check 5k), every wedge and pennant sees continuation...
Hold until 12500 imo. SL can be trailed to guarentee profits.
That said, I got my money out of Bitmex, just left a tiny amount (50 bucks, well 55 now). I quit Bitcoin (will still post a bit and take mini trades the rare times I get an opportunity). Posted about this yesterday, was curious how many tilted baggies would attack me and assumed I lost money. Am not disappointed.
The simple fact is with FX there is 20 times as many opportunities (uncorrelated), they are 2-4 times as fast, and the risk rewards are better lol. Since I can't have an account with both FX& BTC on it... I have to lose interest in btc.
I wonder if I can turn these 50 bucks in several thousands? :D Should I start a challenge? Make an instagram maybe?
I am not interested in shorting till 14k.
There is nothing special, every extension sees a retrace (when price action shows a reversal pattern check 9k area check 13k check 5k), every wedge and pennant sees continuation...
Comment:
Explosion!
Hold on until 14k, as long as there is no significant pullback.
Price should get there. Once there, SHORT IT TO THE GROUND!
Hold on until 14k, as long as there is no significant pullback.
Price should get there. Once there, SHORT IT TO THE GROUND!
