We did it! Bitcoin, en route to 1rst profit target (12000ish)
Warriors!
A continuation of my previous idea. We broke the high of yesterday at 11065 after going straight up all day.
No we need a bit of pullback or consolidation as we went up all day very sharply and are overbought (as the high RSI shows), but we are ready to go up once that is done. The bulls have shown how strong and eager they are, and it is going to be our 3rd day above the correction (told you so btw :D).
My target in the next couple of days is 13000, this is the full target of the bullish pennant I first posted in this idea:
The 12000 resistive area is going to be our first profit zone, securing profits is always good, and if BTC pullsback from there I'll be looking to buy back cheaper on this pullback.
If BTC manages to reach 12000 Friday or Saturday early, we could slowly pullback during the whole week-end which fits with Elliot waves (would be wave 4 if this whole move from 9250 to 13000).
If BTC follows this path to 13k, it will be followed by a correction, likely ABC (I'll give targets and their probabilities when we get there).
If it exceeds my expectations and goes straight to 13k I'll update. But no point being too greedy, whales could decide to sell at any moment, could be suddenly right below 13000. So no matter what I'm taking some profits at 12k.
Right now these are the retrace areas:
The best would be to drop to ~10700 before going back up. Dropping to only 10800-10900 would be insanity (unless we go slighty up then back after), that would be so bullish...
Whenever in doubt, just zoom out:
+++ I am not a financial advisor (good luck finding one in crypto). Trade at your own risk +++
A continuation of my previous idea. We broke the high of yesterday at 11065 after going straight up all day.
No we need a bit of pullback or consolidation as we went up all day very sharply and are overbought (as the high RSI shows), but we are ready to go up once that is done. The bulls have shown how strong and eager they are, and it is going to be our 3rd day above the correction (told you so btw :D).
My target in the next couple of days is 13000, this is the full target of the bullish pennant I first posted in this idea:
The 12000 resistive area is going to be our first profit zone, securing profits is always good, and if BTC pullsback from there I'll be looking to buy back cheaper on this pullback.
If BTC manages to reach 12000 Friday or Saturday early, we could slowly pullback during the whole week-end which fits with Elliot waves (would be wave 4 if this whole move from 9250 to 13000).
If BTC follows this path to 13k, it will be followed by a correction, likely ABC (I'll give targets and their probabilities when we get there).
If it exceeds my expectations and goes straight to 13k I'll update. But no point being too greedy, whales could decide to sell at any moment, could be suddenly right below 13000. So no matter what I'm taking some profits at 12k.
Right now these are the retrace areas:
Whenever in doubt, just zoom out:
+++ I am not a financial advisor (good luck finding one in crypto). Trade at your own risk +++
Comment:
Speculation:
Comment:
Noobs got scammed once again btw.
I think I posted about 10 times about this already in the past 10 days :p
Since the same stuff keeps happening again, it would be possible to profit from it.
Keep in mind if you trade the things that keep repeating over and over you'll only be wrong once.
How to profit from this scam:
www.investopedia.com...pattern-failures.asp
Little reminder of scam on the way down a few days ago:
Stop loss should be placed based on decent TA not noise or idk what...
And not 0.0001% below support or you get stopped by noise.
I think I posted about 10 times about this already in the past 10 days :p
Since the same stuff keeps happening again, it would be possible to profit from it.
Keep in mind if you trade the things that keep repeating over and over you'll only be wrong once.
How to profit from this scam:
www.investopedia.com...pattern-failures.asp
Little reminder of scam on the way down a few days ago:
Stop loss should be placed based on decent TA not noise or idk what...
And not 0.0001% below support or you get stopped by noise.
Comment:
I don't know what the bulls are on, but I want some of it.
Comment:
I see flags and pennants everywhere. This one has a target of 12k.
Comment:
Almost 6 green 4HR candles in a row, about time for some pullback
People got scammed again btw...
People got scammed again btw...
Comment:
Comment:
Why are people posting and saying we're going to 9500? They on drugs?
Chill out let's see if 10500-10700 holds first lol.
Fk do you expect after 24 hours of non stop mooning?
Chill out let's see if 10500-10700 holds first lol.
Fk do you expect after 24 hours of non stop mooning?
Comment:
And the non-retard way too look at it on a higher time frame:
Basically if price drops below 10700 we will be looking at 10600 (0.618) on yesterday's impulse, and if this doesn't hold this is a probably a larger correction than just that very bullish day move so we'll be looking at whether we form a higher low or not zooming out (higher than 10210).
Basically if price drops below 10700 we will be looking at 10600 (0.618) on yesterday's impulse, and if this doesn't hold this is a probably a larger correction than just that very bullish day move so we'll be looking at whether we form a higher low or not zooming out (higher than 10210).
Comment:
Why proper TA is necessary, and why anyone that knocked their head as a child should go see a doctor before attempting trading.
Comment:
Keep an eye out, possible megaphone.
Someone decided to give his name to it...
thepatternsite.com/dbw.html
Someone decided to give his name to it...
thepatternsite.com/dbw.html
Comment:
Maybe something happens & I can wake up
Comment:
If this happens I'm writting an ode to myself.
Probably won't, but if it does, wooo
Probably won't, but if it does, wooo
Comment:
Sellers might be getting tired, they could be done shitting themselves.
Let's see if we keep forming higher highs and higher lows on the smaller time frames.
Let's see if we keep forming higher highs and higher lows on the smaller time frames.
Comment:
30 min to max 2 hours un right range, probably some red then go up.
30 min inside bar bull break, failure, People got scammed blah blah blah
30 min inside bar bull break, failure, People got scammed blah blah blah
Comment:
Told youuu soooo...
4 HR IB bull break
I wonder if anyone still think we're going to 9k...
Reading some people feels like looking at the chart, they're so stereotypical and reflect the market perfectly.
4 HR IB bull break
Reading some people feels like looking at the chart, they're so stereotypical and reflect the market perfectly.
Comment:
Comment:
Should go up for real now, or another ABC correction zzzz
Comment:
Day closed didn't even notice. Above 11000 gg.
Let's have a green saturday so fking tired of waiting.
And while BTC does its thing alts are just waiting.
Going to go trade the trade wars recession if BTC keeps getting slower.
Let's have a green saturday so fking tired of waiting.
And while BTC does its thing alts are just waiting.
Going to go trade the trade wars recession if BTC keeps getting slower.
Comment:
INSIDE BAR BULL BREAK AND ABOVE THE PREVIOUS HIGH! (where people pissed themselves and called 9k)
Comment:
( •_•)( •_•)( •_•)( •_•)( •_•)( •_•)( •_•)
MM be like $$$$$ @(^_^)@ $$$$$
Comment:
Comment:
Getting close to the log chart downtrend that some people seem to look at
These are the retrace possibilities: