Hello guys,
I too was taken away with bullish sentiment, hell, I even posted two shitcoins trade on binance a few hours ago.
However, I stumbled upon a fractal looking at BTC that kind of worried me. 24 march corresponds to a saturday, before that we had a massive drop as well, tested a nice support and bounced back twice from it, before doing a small run.
I will let you be the judge:
24 march fractal:
Today's price:
I too was taken away with bullish sentiment, hell, I even posted two shitcoins trade on binance a few hours ago.
However, I stumbled upon a fractal looking at BTC that kind of worried me. 24 march corresponds to a saturday, before that we had a massive drop as well, tested a nice support and bounced back twice from it, before doing a small run.
I will let you be the judge:
24 march fractal:
Today's price:
Comment:
Massive thanks to BOETJE.
He doesn't need it, but give him a like, really decent fellow, and I'm glad he's sharing the same view as mine, increases my confident in this trade:
He doesn't need it, but give him a like, really decent fellow, and I'm glad he's sharing the same view as mine, increases my confident in this trade:
Comment:
We have entered a short term ascending channel:
This ascending channel with very low volume happens often before a big drop. Our chances are increasing.
This ascending channel with very low volume happens often before a big drop. Our chances are increasing.
Comment:
The reason why my stop loss is very small, is because I want to take the CLOAK short term trade.
If trade gets invalidated, which is above the area of 4250-4300, there's no point in fomoing, as the bull rally will basically be halted around 4600. A retest of lower levels is in play, unless you believe the bear market is over, which it isn't in my opinion since the volume of the rebound was absolute shit.
If trade gets invalidated, which is above the area of 4250-4300, there's no point in fomoing, as the bull rally will basically be halted around 4600. A retest of lower levels is in play, unless you believe the bear market is over, which it isn't in my opinion since the volume of the rebound was absolute shit.
Comment:
Target hit for those who didn't sell last night around the 4200 area. There's your chance again before going down.
Fractal playing exactly the same as 24 March. Let's see if it continues.
Fractal playing exactly the same as 24 March. Let's see if it continues.
Comment:
Fractal validated. Congratulations to those who were brave enough to follow me and botje on this one, when other trading giants called for a long.
Comment:
I want to talk about several things here, so let's call this update an educational one:
What happened is that, this market is extremely manipulated. Botje knew this from the beginning as you can see from his different charts.
With that in mind, you have to be able to think like them, and get rid of the market emotion.
At first, they validated the bearish sentiment by drawing a small downtrend (area 1 on the chart) channel. However, they faked a support around 4050 which corresponds to an uptrend support. People like philakone, eric choe, darkenergy and many more took that as a sign of bullishness and created a bullish environment, which these manipulators took advantage of.
So what they did was simulated a break of the downtrend (area 2 on the chart), constantly testing the nerves of those who were shorting to indeed build to an explosive break of the trend to the upwards, scaring people to close their shorts (area 3).
In my opinion, they did a bad job in area 3, as if they pushed the price higher towards 4400, that would have killed more shorts.
Fractals = manipulation
This move happened exactly like 24 March. Same players behind it
What happened is that, this market is extremely manipulated. Botje knew this from the beginning as you can see from his different charts.
With that in mind, you have to be able to think like them, and get rid of the market emotion.
At first, they validated the bearish sentiment by drawing a small downtrend (area 1 on the chart) channel. However, they faked a support around 4050 which corresponds to an uptrend support. People like philakone, eric choe, darkenergy and many more took that as a sign of bullishness and created a bullish environment, which these manipulators took advantage of.
So what they did was simulated a break of the downtrend (area 2 on the chart), constantly testing the nerves of those who were shorting to indeed build to an explosive break of the trend to the upwards, scaring people to close their shorts (area 3).
In my opinion, they did a bad job in area 3, as if they pushed the price higher towards 4400, that would have killed more shorts.
Fractals = manipulation
This move happened exactly like 24 March. Same players behind it
Comment:
Next targets :
- Small test to 4050
- Drop below 3600. Around 3000.
Set your buy orders around 2800-3400
- Small test to 4050
- Drop below 3600. Around 3000.
Set your buy orders around 2800-3400
Comment:
Risk mitigation: Close your leverage if you have one in fear of a squeeze.
Don't buy back yet, expecting a drop, but shorts are near all time high, and a squeeze is a possibility.
Don't buy back yet, expecting a drop, but shorts are near all time high, and a squeeze is a possibility.
Comment:
I'm sincerely sad my idea worked for this market (not sad for me off course), but this is an inevitable proof that market makers are the same from the start of this bear market.
I hope you enjoyed this trade, I hope people followed me on this one, I would have saved you some money. Thanks for following, stay tuned for more ideas.
I hope you enjoyed this trade, I hope people followed me on this one, I would have saved you some money. Thanks for following, stay tuned for more ideas.
Comment:
We are currently here.
This pump might seem exciting, but if we don't break 4050, don't buy back
We are currently here.
This pump might seem exciting, but if we don't break 4050, don't buy back
Comment:
Perfect example of fomo :
Stick to your beliefs until they are invalidated
Stick to your beliefs until they are invalidated
Comment:
If you look back at the comments my targets. I said it will test 4050 which happened.
Comment:
Look at this chart. It's easy to get suckers fomoing in, because of the massive buying power. It's the same Fractal playing out. Same manipulators.
Look at this chart. It's easy to get suckers fomoing in, because of the massive buying power. It's the same Fractal playing out. Same manipulators.
Comment:
You're welcome guys, make sure to follow me and give me a like, because I think I saved you massive money 3, and made you not buy the fomo buys 3 times at least
Trade closed: target reached
Comment:
I close this target, because anything pass this is just gambling.
I'm a gambler, and I'm willing to wait lower prices. However a buy in at this zone is not bad considering the bounce it will make afterwards.
Cordialement,
I'm a gambler, and I'm willing to wait lower prices. However a buy in at this zone is not bad considering the bounce it will make afterwards.
Cordialement,
Comment:
I bought back yesterday, in anticipation of a short squeeze.
I'm well aware of the several fake Barts that happened during the drop, I think this Bart is going to be the trap, as most people won't be anticipating the squeeze now.
Be careful.
I'm well aware of the several fake Barts that happened during the drop, I think this Bart is going to be the trap, as most people won't be anticipating the squeeze now.
Be careful.
My position is the same, patience will be the play here. My stop loss would be above 4200 as seen on this shorter timeframe: