In the previous two trades I recommended setting a stop-loss because of a potential bearish reversal, and finally a sell signal to take-profits. A day of no movement under the psychologically significant $4,000 mark, no selling... this I think is a bullish sign and only continues my previous weekly Trading Idea. 01 April completes 9-13. Bull market! :D
Comment:
If you want to be safe and set 2 alerts that might save your ass, set them on the Weekly chart like this:
Alert 1:
Price Crosses MA 12
Alert 2:
Price crosses 3667.58
Remember, this is for the WEEKLY chart, and this is market for movement on BINANCE, you have to plot out the specifics for the exchange you trade on.
Alert 1:
Price Crosses MA 12
Alert 2:
Price crosses 3667.58
Remember, this is for the WEEKLY chart, and this is market for movement on BINANCE, you have to plot out the specifics for the exchange you trade on.
Comment:
1.618 retracement here would be to 2800 Morning Star level. Failure 0.618 would create a lower high & low. I think a retrace to 3350 price (1.0) would make the most sense given this setup.
1.618 retracement here would be to 2800 Morning Star level. Failure 0.618 would create a lower high & low. I think a retrace to 3350 price (1.0) would make the most sense given this setup.
Comment:
Damn that's a 13% drop.
Comment:
I don't know where you should set your stop loss but I hope you have one somewhere!
Trade closed manually:
So as I was pontificating:
Since 01 January, Operators have accumulated while the public has been unaware/afraid.
Now the Public sees that we're in an uptrend and is buying. The uptrend has stalled because Operator money is either/both sold/not-buying.
This is likely the moment / near the moment of Public buying saturation. This is the perfect time to unload their accumulated Bitcoin.
4K could be the greatest bull trap ever, and that would quite perfectly line up with Tone Vays' 1D MA 128 bearish reversal down to < 3K prediction.
I've been assuming the 1W DeMark would would reach a green 9 but now that the public is savvy to the trend I think it's bull trap and fuck the Public time!
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USDT to the rescue!
So as I was pontificating:
Since 01 January, Operators have accumulated while the public has been unaware/afraid.
Now the Public sees that we're in an uptrend and is buying. The uptrend has stalled because Operator money is either/both sold/not-buying.
This is likely the moment / near the moment of Public buying saturation. This is the perfect time to unload their accumulated Bitcoin.
4K could be the greatest bull trap ever, and that would quite perfectly line up with Tone Vays' 1D MA 128 bearish reversal down to < 3K prediction.
I've been assuming the 1W DeMark would would reach a green 9 but now that the public is savvy to the trend I think it's bull trap and fuck the Public time!
----------
USDT to the rescue!
@zerocashcool what does it mean
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I'm nervous lol! I felt great while I was trading Bitcoin because I got out cautiously into USDT. and SC FOMOd me back into SC and now I feel like going back into BTC/USDT, leaning more towards USDT. I was really confidant in my analyses for quite some time now and right now I'm frankly confused and scared. I know that we're near a really huge event. If I keep to my plan BTC will break out of 4K. I really just don't know right now. 3667.58 is a red line for me. If we get below this mark my upward projection into 01 April will be nullified and I'll have to consider a target near/below 3156.26.
I guess reasoning this out / explaining this to you has made it clearer for me.
If we keep going up near / break out of 4K we could see a) an impressive up movement, or b) a slow nothing to 4K with bullish exhaustion. In either scenario I see a 4 week pullback, hopefully down below 3156.26 where we would get a Tom DeMark 13, Perfected Buy. The best possibility would make this a 9-13-9-13 and bullish as all holy fuck. If we break below 3667.58 before 01 April it would be a 9-13-9 (9 weeks+ of a down trend???????????????????????????????????????)...
Yeah... this fucking 4K resistance really is the deciding factor I guess, rather, what Operators have decided to do here is the deciding factor. It could be that they exited on the quasi-Shooting-Star of 19 February and it's just the bullish momentum which got us to 4K, not leaving enough wind in the sails to break 4K and complete a 9 green setup here, meaning Operators gave up on this move and are expecting a DEEP dump...
Hmmmmmmmm.......................
I think I'm formulating a plan maybe. There are different variants...
Okay here it is... a plan in the making:
If BTC breaks below 3667.58 I think that might indicate a good time to move into fiat and wait for some downward correction. That way at least we stay in BTC/SC until we really know if we're going more up or not. We may lose some SC/BTC value until 3667.58, but until it breaks below the DeMark bullish setup flips red, we HODL. When it flips red, we could wait up to 1W to see if the next candle flips red if 3667.58 holds as support. If this level fails, either immediately or up to 1W later, go fiat and expect a correction down to/below 3156.26. No matter what, 01 April will be an event and we must prepare for the best and the worst scenario because it will not be mediocre! Being in fiat will probably save us hundreds/thousands of dollars with little risk and a huge opportunity to buy lower when big money buys in on the 13 at/below 3156.26.
THIS IS WHAT WE FOCUS ON RIGHT NOW - 1W CHART:
01 April EXPECT a correction down HOPEFULLY toward/below 3156.28. This would be an epic Evening Star. It could be brutal and ugly and GREAT if we're prepared and in FIAT! REMEMBER, IF BTC TAKES A SHIT, SIACOIN AND ALL ALTCOINS ARE GOING DOWN WITH IT!
I will keep updating this and future Trading Ideas as the situation develops and try to keep us all in and out of BTC/USDT/SC as will be most profitable.
I am not an expert. I'm just doing the best that I can and I hope I can help some people, including myself, EARN and not lose money in this huge move.
Wish us luck!