Paraman666

BTC - ready to set top

BINANCE:BTCUSDT   Bitcoin / TetherUS
Nothing really changes since my last macro analysis :

The only thing that changed a bit is sentiment, which is currently more bullish , which is good sign for bears, but still I think we need to get above previous high at 10500. Imagine anybody who is currently in short - his/her stop loss is without doubt slightly above 10500 + there are thousands of stop-market LONG orders of breakout traders. We will definitely go there to fill/close these orders.

I am still predicting, that rest of the year will be super boring, price will be going slowly down, finishing "E" wave, somewhere at 6000-5000. This could actually be awesome opportunity for altcoins, many of them have interesting bullish structures, on the other hand is still possible, that btc dominance will be going up, while btc will be dropping, that would be nightmare for altcoins.

I am waiting for some TOP confirmation, then I will short btc back to 6k, but too early to short right now and too late to long. So best thing is to stay away from the market right now or just trade some small swings.

Comments

sen 1 numarasın türkiyeden selamlar üstad...
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Don't you think market manipulation has got anything to do with bitmain s19 announcement and sell targets , i see some senior traders speaking 19k bit at this time
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@ahp64, Every market is manipulated, but those who manipulate markets, first they usually need to fill a big amount of positions and that accumulation of positions IS WITHOUT DOUBT NOTICEABLE in the charts. And when somebody is manipulating some markets for years, usually the patterns of accumulation is all the time the same. So I don´t care about manipulation, we should be able to see future price by looking at structures that are already in the charts.
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