[BTC] The Great BTC Final - Part 3!

Hello everybody and welcome!

Good old BTC is being nice as always and giving us an easy short.

BTC is stuck below EMA 55 now not just on the 4 hour but also 12 hour! Witch is Great/Perfect because it means that if you put up a short in time your stop loss is now protected by an even stronger ressistance than just the 4 hour EMA.

Soon BTC will be below EMA 55 on the daylie chart also and when that happens historically it is game over as I like so say it. Then you know that btc is heading down and test the bottom again :)

Giving us a nice drop of around 30% in total - pretty much guaranteed. (150% profit with a 5x short)

The RSI & EMA is also super bearish on the 4 hour, RSI super bearish on the 12 hour (rejected beautifully by the EMA) and 12 hour Stoch beginning to turn down nicely :)

The 1 day timeframe RSI is super bearish, but the Stoch is not yet, but when EMA 55 is broken on the daylie the Stoch will be bearish too :)

That is all for todays update on our short!

Have a nice day everyone and remember to spread good vibes to those around you irl & online =)

- Confucius_The_Great

Comment:

Volatility is super low ( close to 0 ) on the 12 hour and 1 day charts. Meaning a HUGE! 1000+ dollar move is inbound ( the move down to 5k or below! ) Over the next 1-2 weeks is my guess. I think we will see slow drop like now and then fast dump by the whales as last time/typical.

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11% in profit if with a 5x if shorted some days ago just above EMA 55 when I posted this trade the first time.

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BTC testing EMA 55 again on the 1H and 4H.

This is the time I usually become worried about if my reading of the chart is wrong. And often sell. But I learned the hard way that the risk of that is only like 10% in this kind of scenario. And this resistance is so strong and the buy-side only becoming a little weaker every time we see a test of the EMA 55.

In the end it is all about what side runs out of buyers/sellers first. But the longer BTC godes sideways/down-sideways the more weak hands sell like I used to before I got more experience and noticed I was "always" right in the end.

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I dont like it, but the truth is that we could see a decent move above EMA 55 and a try to the upside and if it fails we should see the dooms-drop begin in a serious way. Why I use double the stoploss than normally as a new thing to avoid getting stomped out as another thing I have noticed sabotaging my otherwise crazy direction-prediction rate.

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Imo the stoploss should be above the higest candle in this square formation.

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"This is not financial advice, I'm not a financial advisor" - your trade, your responsibility.

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Everything is going after the plan. BTC is just doing what btc does best - tricking people who want to be rich the easy way without knowing bull about investing at all into thinking it is going to 20k when it is preparing for an epic dump yet again - clearly, to the trained eye. Indicators are still extremely bearish.

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Remember that it is totally normal that btc does a fake move before a epic dump.

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I had to leave the apartment so sold my short just below the buy in price.

Also given the circumstances. I know a huge move/big volatility is coming and we may at worst see a maybe 5% spike up and dump like a week ago.

So now we are getting what I assume is last try to the upside so I decided to sell at buy in price and will just short the move on the way down at around same buyin price (EMA 55 4h as stoploss safety line). If something crazy like we are going to 20k happens I just go long over 10.500 usd and we all dance and drink champagne.

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I'm home again and have been looking at the chart and indicators for like 30 min. And the price is at my initial buy in price and perfectly at the line of top resistance

This is when I normally would become worried and sell to be sure I dont lose money but then bitcoin always does exactly as I had predicted. So today I do the oppisite of what my feelings say and what I know all the other times had been the right thing to do.

To trust my initial plan and my indicators more than what others say and what my "fellings" say.

Fuck what the 99% say and what my feelings say. I'm beyond that level of thought.

So I bought in at same price and now I can see that there clearly is strong ressistance at the top and a likely rejection just everything have been pointing at untill now.

The trading part is stupid easy, the mental part is a bitch.

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But I hate the fact that those like 4 green candles in a row on the 4 hour looks super bullish lol! And on the 12 hour you see one big bullish candle...but the indicators say " ahah the btc whales is fucking with you again brah, BTC is going down just hold"

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Hahahaha

Ok, I did the most smart thing in this situation where we can really likely see a 5% spike to the upside and smash our stop loss like 3 weeks ago.

So I sold and will short BTC below the EMA 55 4 hour. Risk/reward is the lowest there.

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I'm just patiently waiting on the sideline. It looks bigtime like BTC is going to come down and crash/dump as we have been waiting on for weeks - at least me. What do BTC do best? DUMP! The rich dump bitcoin like stolen goods when they see a police car! "Throw it out of the window! A police car is coming" -> BTC = easy profit dumping on naive retailer and n00b millionares who wont stay millionare for long in this game. "worm hugs Wall Street"

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I must admit that these "random whale tricks" always pisses me off. Y0u had a plan and then some rich fuckers decides to blow it up in pieces and then btc after that does what it was supposed to do according to the plan/prediction. Manipulation at crazy levels imo.

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BTC do not have to do a moon move just to test the top. Something like 7 out of 10 times the test to the top is like below a 3% increase. You know what I mean. And i'm not pissed over losing those pennies and the stop lost hit but the crazy out og nowhere manipulation moves by Really BIg Players.

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Here is my newest Idea

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BTW I shorted the top of the new formation and made a nice profit.

I just forgot to make a trade idea.