I'm building again. for BINANCE:BTCUSDT by UnknownUnicorn17387766

New thread for me take Bitcoin notes.

I've closed my last BTC short @21.600. Now I'm building a new one. Got the first entry today @26.240. I will close above 28k.

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BUIDL & HODL

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A BIG resistance zone is broken and what you get is sell. Instead of strength.

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Because that's how they sell the 'new paradigm' to you. Bitcoin is rising banking system is failing, right? Right.

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Send it to hades. I don't care and I don't touch. I can add some more below 23.500 maybe.

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Some first time things happened in this bear market. Get ready for more. You haven't seen the full euphoria of the bear.

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In fact, I would say you haven't seen the bear yet. Never ever. You have seen her mask. Wonder what will happen when she takes off her mask.

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BUIDL & HODL

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I have a stop at 28.900. Watch mode if I get stopped out.

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Yes, it's higher than expected and I will probably close. But let's see the week. BTC has ways.. 27.700 average / 28.900 stop atm.

The point is.. I've skipped a 6k move by closing at 21.600 in profit. And building this one. If I have to close this one in loss it's totally ok.

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Wtf is this weekly candle? All I can imagine is a weak candle and reversal after this but I can't support it with TA. Weird.

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I will get out if it starts the week with a good pullback. I will stick with alt shorts for now.

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Apart from TA, just fade this weird group of people who think fractional reserve banking is evil and collapsing and BTC is replacing. They tweet it on Twitter from an iPhone or a Google made OS, all thanks to fractional reserve banking. BTC is not replacing anything. They have a tendency to believe conspiracy theories because of many reasons and they are trying to make money from their delusions. That's all.

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Reduced size by %80 ~27.300. I will keep the rest without a stop, plus the alt shorts for now.

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Cool. This is bullish. Just undeniably bullish.

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How can I buy this thing.

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I'm just hoping to short 31k-33k really :D

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I don't think this is it. But I'm not buying either. I am doing nothing but keeping the safe positions.

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25s and last leg up makes sense tbh.

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25s and 31s is my fav.

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What if max fear is already in for bears?

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This rounding top on ETH is really beautiful. There is some serious work here.

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Imagine buying hash numbers that are believed to be of value from these scammers. It is what it is :D It's all TA and fun until truth reveals. I don't think this is the picotop. But I'm green-blind in this market.

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BTC becomes the world reserve currency. Saylor becomes the god. Next week. Michael fucking Saylor lol.

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Just short the ponzi with safe leverage and hold. Added some from 29190. Will continue to add. Hopefully above 30k mostly.

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They sell every celebration.

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Me selling 29.190 today:

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Again, what if?

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Would it be unexpected if this is it?

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Oops. 46th rejection.

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This scam line is kinda important.

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Support lines are scam lines. Resistance lines are resistance lines. That's good Bitcoin TA.

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Added big here @30290. Send the ponzi higher. LFG.

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Did you realize that $1M is the new $100k? They 10x'd it. Delusion is strong.

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31k is a major correction level of the bear market. I feel like people underestimate it. Everyone has a fav number. 32-33-35-37, sure they are possible but it's struggling at a super important level? 'It can't be this easy.' is the trick sometimes.

If there is a single important number for Bitcoin, it can be 30k. So maybe you better respect it.

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Let's just do this.

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Looks like the picotop to me.

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:)

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Bulls have to defend 28.500. Or it will look really bad. Just like I drew before.

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Is this the end of a historical rally? We shall see.

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I would like to see a test of 29s but not necessarily. Rejection of 31k is a really big deal. You have to be on the bearish side no matter what for now.

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Looks bullish for short-term. Eventually dead of course.

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*Maybe* bullish. It doesn't give me any confidence. Thus I don't take an action. Holding the shorts.

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Just added some @29.020. I also set stop orders above 29.500. I believe it's not worth waiting in short if it goes above that.

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I rarely use stop and limit orders like this. Last 2 days is a great example why :D At least I feel safe enough to use them now because everyone is fucked bull or bear.

Trade closed manually:

Fully out.

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I am temporarily out because my short-term bear scenarios are invalidated. Finding more is a stretch at this point. Bitcoin still looks strong against altcoins. I de-risked by closing Bitcoin position. I am always ready to reopen if I see weakness. And I am keeping the alt shorts. Their charts are still pretty shitty.

It’s not easy to find good bearish arguments on lower timeframes of Bitcoin chart at the moment. Macro chart is still shit. The bear market hasn’t even started in my eyes. But, I can wait.

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It's not that complicated. We are at a super important level. Next level is 35k. Above that is bull market for me. Idk why should I care about 40k or 50k for example. I wanted to see weakness right around here but not yet.

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I can't help but think this might be a perfect bullish retest. 27k is important. Probably much more important than 25k.

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I think DXY is breaking up. I've added to alt shorts today but still not touching BTC.

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I shorted with a very tight stop. Very low probability but anyway :D

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Yes I entered lower than I closed last week. But I had a valid reason, didn't I?

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I don't have a BTC position atm. Holding 27k is not good for bears. I believe today is important. Holding the shorts in profit on some alts though. One thing is for sure. I'm not helping scammers.

I'm building again.

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