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MrPalmTree
Apr 12, 2018 4:12 PM

WE CREATED A FOMO STICK. FACE THE REALITY GUYS. Short

Bitcoin / United States DollarCoinbase

Description

Dear both bullish and bearish traders, i know you love/hate bitcoin very much and you believe it to moon/crash so bad. But things won't change based on your emotion, analyze the market, change your direction whenever the chart tells you & facing the truth instead of denying everything that is opposite your faith!

I have been bearish several times since 18k and my final target is bellow 3500, but if bitcoin breaks that blue line tomorrow, i will pour all of my money to buy it.

That's the point.

However, the chance of Bitcoin to break that line is only about 10%. It almost means that Bitcoin is not going to break-out. You know, constanly making a 55% possibility's position every time is already enough to make you a successful trader. It is 90% this time.

First, let's see how it reacts to 1 Day chart's 20 EMA (or 4H chart's 200 SMA)

As always, safe trading.

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I'm opening a trading course, PM me if you are interested.

Trade active

Trade active, but right the time it strong breaks the uptrend line with long green 4H stick, the market will be EXTREMELY bullish for a long term.

Comment

So if it happens, that's the time to stop this trade and become bullish

Comment

We did it again :) Look at that f*cking big red candle. Congratulation for those who followed my soon call.

(However, i know you guys didn't. At the time i told you was the time EVERYONE had been not bearish anymore)

Some authors get famous for calling the bottom/top a couple of times and fail from their success. But staying low-key and analyze the market without emotion is the way i choose. Haha
Comments
cI8DH
I am a big bear. But I am 99% sure that we will go up. We will come down when most become bull.
cI8DH
In grand picture, this market is too simple.
MrPalmTree
@hkh222, yeah, it's so true, it will crash when everyone become bullish. But the fomo and greedy of that green stick is kind of creepy that makes me think everyone is bullish now haha.
cI8DH
interesting line.
ROdoubleB
You da man hah
Cryptic_Insight
How tight of a stop loss?
MrPalmTree
@MrGFX, it should be 8300
ROdoubleB
Short?
MrPalmTree
@ROdoubleB, Yep, but with a tight stop loss above the trend line
ROdoubleB
@MrPalmTree, Agreed
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