I know we've been plagued with never-ending streams of Barts... but this time...
... this time... it's different...
I can feel it in muh nickers.
>>InB4iH&S
Edit: Ok, in all serious-ness, the 4H Ichi cloud fails to break and we are platforming. Also, 3D looking boolish af. I think we're gonna trap bears shorting here, push for a leg up and liquidate the high lvg bears. Also, keep in mind that bulls who bought in at the bottom aren't going to be closing their longs with a higher high + double-bottom showing.
If you'd like further insight on muh 3D BTC bullish trend reversal analysis, check out this :
... this time... it's different...
I can feel it in muh nickers.
>>InB4iH&S
Edit: Ok, in all serious-ness, the 4H Ichi cloud fails to break and we are platforming. Also, 3D looking boolish af. I think we're gonna trap bears shorting here, push for a leg up and liquidate the high lvg bears. Also, keep in mind that bulls who bought in at the bottom aren't going to be closing their longs with a higher high + double-bottom showing.
If you'd like further insight on muh 3D BTC bullish trend reversal analysis, check out this :
Comment:
LOLOLOLOLOL Who am I kidding? We're gonna dump into this dip and then pump up and then continue pumping and dumping until the end of existence because this shitcoin is more manipulated than a highschool girl trying to find true love on Tinder.
Comment:
Copy & Pasta from the #Cryptocurrencies chatroom on TradingView :
him:
>>imo that bounce is very superficial and is nothing until the 2hr or even the 4hr tf have serious ma crosses that hold
me:
>>4H crossed into bullish Ichimoku territory + StochRSI is dropping while price is going, for the most part, sideways. Also, we have a bull div starting to build. support from the Ichimoku buy signal + haven't even challenge the 0.5 Fib retracement.We are bullish.
him:
>>imo that bounce is very superficial and is nothing until the 2hr or even the 4hr tf have serious ma crosses that hold
me:
>>4H crossed into bullish Ichimoku territory + StochRSI is dropping while price is going, for the most part, sideways. Also, we have a bull div starting to build. support from the Ichimoku buy signal + haven't even challenge the 0.5 Fib retracement.We are bullish.
Comment:
Welp... If you guys placed 'Take-Profit' orders on the Purple trend line like I did, then you got some pretty good orders filled...
Now... Increase leverage... BUY THE FUCKING DIP.
>>Inverse H&S at play.
>>Rising Wedge at play.
Now... Increase leverage... BUY THE FUCKING DIP.
>>Inverse H&S at play.
>>Rising Wedge at play.
Comment:
Yo.
So I think we've reached the top of this leg. I still got a small amount of my long open with higher TP points, in case whales do another push. I am also opening low leverage shorts on my 2nd-hedge account to make sure I am covered on both ends, in case whales want to counter TA and drive the price to new lows. (Fuck you, whales)
Anyways, we basically have EW traders vs Pattern traders here, since Wave traders may feel inclined towards this going higher as the 3rd Wave and Pattern traders see the obvious Rising Wedge. Personally, I think it's over-extended which is perfect times to take-profit and to open up a hedged position to stay neutral in the markets. Also, we got a Rising Wedge on the 4H RSI.
Accumulation points are shown in the green boxes (Fib Levels). However this is risky (catching knives), the safest bet is to wait to see where the price platforms, before entering. I personally set small amount of entries (to match my hedge) @ the lower level and wait for top levels to plateau before entering in to reinforce the vanguard knife-catchers.
-Wolfie
So I think we've reached the top of this leg. I still got a small amount of my long open with higher TP points, in case whales do another push. I am also opening low leverage shorts on my 2nd-hedge account to make sure I am covered on both ends, in case whales want to counter TA and drive the price to new lows. (Fuck you, whales)
Anyways, we basically have EW traders vs Pattern traders here, since Wave traders may feel inclined towards this going higher as the 3rd Wave and Pattern traders see the obvious Rising Wedge. Personally, I think it's over-extended which is perfect times to take-profit and to open up a hedged position to stay neutral in the markets. Also, we got a Rising Wedge on the 4H RSI.
Accumulation points are shown in the green boxes (Fib Levels). However this is risky (catching knives), the safest bet is to wait to see where the price platforms, before entering. I personally set small amount of entries (to match my hedge) @ the lower level and wait for top levels to plateau before entering in to reinforce the vanguard knife-catchers.
-Wolfie
Comment:
Update!
So, the Rising Wedge has broken down.. BUT WAIT!!! There may still be some more juice left in this little rally.
We got a miniature Falling Wedge on the 5Minute + some Bull Divs in buy pressure. We also have the 1H showing support on the Ichimoku Cloud bottom + Bull Divs showing in RSI & a double-bottom on the StochRSI.
With all of this being said, I think we could possible form a small inverse H&S to launch this back up to another leg up on the bull rally, thus trapping more shorts & leaving behind the bulls that got stopped out. >>IF<< this does happen, then I think it'll truly be the last leg up and we'll see more sideways action. to create the "Right Shoulder" of the large Inverse H&S first drawn out on the top of this Idea.
The market makers will just increase leverage and do a Rectangle Continuation as a Right Shoulder to ensure that all of the traders with buy-in orders waiting below, get left out and are forced to buy back in once it launches again, thus giving the early bulls more profits.
So, the Rising Wedge has broken down.. BUT WAIT!!! There may still be some more juice left in this little rally.
We got a miniature Falling Wedge on the 5Minute + some Bull Divs in buy pressure. We also have the 1H showing support on the Ichimoku Cloud bottom + Bull Divs showing in RSI & a double-bottom on the StochRSI.
With all of this being said, I think we could possible form a small inverse H&S to launch this back up to another leg up on the bull rally, thus trapping more shorts & leaving behind the bulls that got stopped out. >>IF<< this does happen, then I think it'll truly be the last leg up and we'll see more sideways action. to create the "Right Shoulder" of the large Inverse H&S first drawn out on the top of this Idea.
The market makers will just increase leverage and do a Rectangle Continuation as a Right Shoulder to ensure that all of the traders with buy-in orders waiting below, get left out and are forced to buy back in once it launches again, thus giving the early bulls more profits.
Comment:
I, am a gangster... 8)
Comment:
Still not liking how these Longs vs Shorts look on Bitfinex. We could STILL have 1 more pump load up to break the neckline and make this a STRONG Inverse H&S.
Keeping my longs and still taking profit along the way. If they all fill, then I'll look for a short entry. Until then, staying long.
My hedged account is only doing 50% ratio shorts and I exited when I posted above that I thought it was going to pump. Filled my position back up near the top of the pump and sitting with a stop @ the entry.
>>As for the Longs vs Shorts, Long are in an upward channel with RSI forming an ascending triangle. We could pump once more until that RSI breaks and we see a trend reversal for the Right Shoulder.
Keeping my longs and still taking profit along the way. If they all fill, then I'll look for a short entry. Until then, staying long.
My hedged account is only doing 50% ratio shorts and I exited when I posted above that I thought it was going to pump. Filled my position back up near the top of the pump and sitting with a stop @ the entry.
>>As for the Longs vs Shorts, Long are in an upward channel with RSI forming an ascending triangle. We could pump once more until that RSI breaks and we see a trend reversal for the Right Shoulder.
Comment:
Seeing Bear Divergences all across the board from 1H > 4H... my initial prediction this morning is probably correct and this is as far as she goes.
I don't think anyone is stupid enough to long @ these levels. If you're going short, just make sure it's low leverage.
I don't think anyone is stupid enough to long @ these levels. If you're going short, just make sure it's low leverage.