(So hopefully my internet issues are behind me, have had 2 failed vlog uploads, which sucks but moving on and should be uploading more regularly now.)
Being totally honest, I entered a short at first 40k touch, got stopped around 41k, possible I would have entered another short (I'm backtesting these trades so its dependent on me being honest with myself!!) and got stopped at 42.5k
I definitely entered a long at 41.7k, and got stopped recently at 39.5k
So I'm getting rekt here! I have had bearish bias up here, we are way oversold, crazy days in a row green candles, what are the odds we stayed above 41k here and went higher?
Probability favors ranging in the high 30s. For how long I don't know, bullish scenarios 100% favor going sideways up here, get some price action building, then try again for a 41k break. I'm worried about big money baiting in longs with another false break, buildup a ton of leveraged longs, then dump the fuck out of it causing cascading liquidations. Same scenario that bought us to top of range, but in inverse.
MY ROUGH PREDICTION = I may start going for less accuracy and more generalization with my predictions now. Its more fun I find!
=== TimeStamps === 0:00 = Welcome 0:30 = BTC 1 day 1:00 = My internet is fixed 2:20 = My shorts are rekt 2:50 = Breaking trend line 3:40 = BTC 1week and 1 month 4:40 = My long 6:30 = 8+ days green 7:40 = BTC 4 hour 8:20 = Selling after buying 8:50 = Cryptopanic news 11:00 = Backtesting honesty 17:50 = ROUGH PREDICTION 18:15 = @MarcPMarkets and @dRends35 19:30 = Closing words
@ClearOpenDoor binary effect my friend and the problem i see in different signals by ta
ClearOpenDoor
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@reza_1515, Yes agreed, mixed signals in this market providing too much uncertainty
dRends35
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Look up a blended candle and should resolve for H&S which was just a bit of a giggle really. But H&S does somewhat show most tops have significant bear markets and it will probably be the same here. I'll take some time out to listen to your content over the weekend. Thanks.
binary effect my friend and the problem i see in different signals by ta