Happy New Year!!
This may be my last chart for a bit, as there are too many bulls criticising any form of bear ideas with no reasoning, and it's difficult to have intelligent discussions until realisation kicks in.
If Bitcoin keeps going up and breaks 69k, I would be happy, as the world would not be as fk'd as I thought and things wouldn't be so bad as they look.
Unfortunately we have to be realistic. All I'm hearing is good news with an extreme parabolic uptrend with no dips, which usually means down soon.
ETF seems like it will open like Internet Computer (ICP).
BC - Buying Climax
UTAD - Upthrust After Distribution
ST - Secondary Test
UT - Upthrust
All parts of Distribution.
Now whether or not this is the actual top, is obviously a debate. Many bears have been wrong about tops time and time again, but thats why they're pushing it up so much - to increase doubt.
46,139 is an important level. A break here can signal much higher.
Not just that, but if a Short gets stopped out, it counts as a Long, which means Market Makers can push price up without spending any money. I have seen so many shooting stars and hanging man that follow with a green candle its unholy.
Actually in the past 2 months, you would probably have got a 90% win rate longing Shooting Star candles.
But trends dont last forever, and this is not healthy going up without dips.
If we had higher highs and higher lows over 6 months, you could understand the idea of Long.
Also not liking the Yearly candle.
With respect to both sides.
This may be my last chart for a bit, as there are too many bulls criticising any form of bear ideas with no reasoning, and it's difficult to have intelligent discussions until realisation kicks in.
If Bitcoin keeps going up and breaks 69k, I would be happy, as the world would not be as fk'd as I thought and things wouldn't be so bad as they look.
Unfortunately we have to be realistic. All I'm hearing is good news with an extreme parabolic uptrend with no dips, which usually means down soon.
ETF seems like it will open like Internet Computer (ICP).
BC - Buying Climax
UTAD - Upthrust After Distribution
ST - Secondary Test
UT - Upthrust
All parts of Distribution.
Now whether or not this is the actual top, is obviously a debate. Many bears have been wrong about tops time and time again, but thats why they're pushing it up so much - to increase doubt.
46,139 is an important level. A break here can signal much higher.
Not just that, but if a Short gets stopped out, it counts as a Long, which means Market Makers can push price up without spending any money. I have seen so many shooting stars and hanging man that follow with a green candle its unholy.
Actually in the past 2 months, you would probably have got a 90% win rate longing Shooting Star candles.
But trends dont last forever, and this is not healthy going up without dips.
If we had higher highs and higher lows over 6 months, you could understand the idea of Long.
Also not liking the Yearly candle.
With respect to both sides.
Trade active:
It begins