Bitcoin Video Update JULY 12th / WHY "TO THE MOON" TA's gone ??

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
i have bigger long bids between 6130 and 6080

Im taking a big risk and im not too confident about this move/position, however if inverse head and shoulders will play 7400 is reasonable target, Nice risk to reward ratio.

im willing to take that risk now since i made good money shorting from 68's and closing at 6270 and im just having fun with it now, i keep close stop at 6050 and i will get out of alts than as well.

Thank You !!
Comment: My longs went in in perfect spot just like mentioned in video.
We got some reaction and it looks good for bulls.

We should see some bull pattern formed in next few days, hopefully we will test 68's and visit 74's

Next few days will confirm if bulls strong enough, good luck all !!
Comment: People asking if I still think we will hit 74’s.
It is possible, if we keep testing 68 resistance.

first we have to break 65’s and it will be hard I don’t think bulls are strong enough to do it.. but if we will, we might have nice 2 weeks of uptrend.

There is a lot of “IF’s” but that’s how Market works, collecting data and react. I wish I had a crystal ball and tell you all.

As you guys know I’m not here to pump my calls, I’m here to educate and share my view, use it wisely.

Good Luck !!
Comment: Just took profit at 6200 I’m out
Comment: everything seems so crazy, exchanges are lagging, coinbaise announcement when btc was dropping, big walls on some exchanges wtf ?

This might be big opportunity to go long, but i took my profits and will watch.
I do not risk in times like this, this is pure gambling.
Comment: BTW my first small short is in at 7510, starting build position, im hoping for 1 more leg up. all longs closed now with nice profits.

Will do video update later today
btw, BTC is pure gambling. I get reminded of it. we all try to guess a baked in pattern and the pattern will resolve itself with or without all of us.
@cyberluck, correct, you never know where this fucking thing will go for sure, but if you are good player in risk/reward and probability game this shit is rewarding
Hey Greg, what do you think of using the slow stochastic indicator. that one is my favorite, never disappoints.
@cyberluck, whatever works for you, i didnt find it useful for me
High five Greg! =) you called that long position really well. Reinforced why I follow you. Out of the people I follow you were the minority calling a long. Great work. I look forward to more TA from you. Take care bro
@ParagonVenture you are a complete idiot. Have you read a single book about charting patterns? You need to wait for the inverse head and shoulder pattern to COMPLETE before you buy in. Buy in at 6800 like everyone else and ride the measured move to 7800!
+1 Reply
@Three, That's why he explained it was high risk and its practically gambling going in here. You dumb piece of shit.
+1 Reply
tmtradingglobe derptalion
@derptalion, what have you done in your life, Mr Perfect boy
tmtradingglobe tmtradingglobe
@Three rather
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