1 + 1 = 2 YOU DO THE MATH (maybe its 3 for 90%) - Toppy? or not?
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The last 3 daily candles have started to show a strong indication of selling occurring. There's been 3 wicks with a lower high that have constantly been trying to push the price down.
Why I think we could be entering more bearish price action?
#1: The entire world is long & you’re telling me the markets are handing out get rich overnight coupons? Sheep’s follow the crowd, lions pave their own path. Liquidity is clearly below 11k. Bulls are exhausted. (Now that I’ve tweeted it’ll moon) #BTC $BTC - was a tweet.
#2: Last fractal that was showing an uptrend was at the (9000) wick before breaking up, and now the same fractal is showing a sell signal.
#3: Sheep follow the crowd, I'm a lion (lions pave their own path, then sheep follow)
#4: IMO.
Enjoy your day.
Why I think we could be entering more bearish price action?
#1: The entire world is long & you’re telling me the markets are handing out get rich overnight coupons? Sheep’s follow the crowd, lions pave their own path. Liquidity is clearly below 11k. Bulls are exhausted. (Now that I’ve tweeted it’ll moon) #BTC $BTC - was a tweet.
#2: Last fractal that was showing an uptrend was at the (9000) wick before breaking up, and now the same fractal is showing a sell signal.
#3: Sheep follow the crowd, I'm a lion (lions pave their own path, then sheep follow)
#4: IMO.
Enjoy your day.
Comments
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Any other time I would agree, but a parabolic run will always look toppy. In this case we are moving parabolic. It's Bitcoins turn...
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@Altlantis, Yes that may be the case, after all I haven't experienced a bull run yet.
I started trading 4 months ago ish.
Best of luck for the remainder of the summer.
I started trading 4 months ago ish.
Best of luck for the remainder of the summer.
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@Yurlo, you dont look like a baby..
I agree that this is not a place to accumulate.. That was in march and even in the low 9k's.. It seens even the BTC fund stopped buying since june.. I think their price is mid 8k.. I'll buy if I see a pullback to 10500.. Unless the $ shoots up a lot I think thats a safe bet.. Watching Gold/Silver.. If those dont move up after the hit then BTC wont.
US markets been in a bull market for decades.. Since 2002 and since 2010.. No one knows what a bear market is like but look at Gold's chart since the 1980's.. Years go by without an uptick so any buy is at a loss soon after..Its slow so you dont feel the heat of getting fried..
I agree that this is not a place to accumulate.. That was in march and even in the low 9k's.. It seens even the BTC fund stopped buying since june.. I think their price is mid 8k.. I'll buy if I see a pullback to 10500.. Unless the $ shoots up a lot I think thats a safe bet.. Watching Gold/Silver.. If those dont move up after the hit then BTC wont.
US markets been in a bull market for decades.. Since 2002 and since 2010.. No one knows what a bear market is like but look at Gold's chart since the 1980's.. Years go by without an uptick so any buy is at a loss soon after..Its slow so you dont feel the heat of getting fried..
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@Altlantis yes agreed my friend! I feel like the coming months will be exciting!
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@alienteck those are all very key points. Well BTC was in a bear market for 2 years without being able to break the resistance. but yes if we break 11400 again I think we go straight to 11.8k
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This is not timed - TA and trend direction with fractals.