Here we go again! First tiny drop after some time and so called crypto currency experts in trading crying out-loud. So many self created heroes on twitter writing about how they made million dollar from the crypto currencies with high leveraged positions. Oh wait they are all liquidated and not so rich anymore. After just one day they are talking about big dangers etc. So far main trendline on a weekly chart not even close to being broken down yet. Take a look at this chart and compare this tiny red candle with the height of the chart. Seriously this is literally a joke! Btc is still strong but yet people got stuck in lower time frames like 4hr chart and can not even see the big picture. Why stop at odd figure @65k all of a sudden? No way hose. Wake up!! Next target is 80k . Because if you do sleep and allow this scammers , they will try to short this market and make big profit out of your fear. We are way passed easy FUD schemes. I hope you wake up before it is too late!
** This is not an investment idea. Only trying to pass my vast trading experience on cryptos to newcomers and less experienced traders. My predictions based on calculated reward Risk ratios. I can not be right all the time. So far I have very high percentage of success of predicting. Once you click buy button you are doing it with your own will. Nobody can force you to buy and sell but yourself. Please comment below and click like button to support my efforts.
** This is not an investment idea. Only trying to pass my vast trading experience on cryptos to newcomers and less experienced traders. My predictions based on calculated reward Risk ratios. I can not be right all the time. So far I have very high percentage of success of predicting. Once you click buy button you are doing it with your own will. Nobody can force you to buy and sell but yourself. Please comment below and click like button to support my efforts.
Comment:
Allow me to show you importance of checking larger time frames. This predictions were against the usual herd. You be the judge !
Comment:
I posted this idea on popular Ta's page. Do not get me wrong. I do not wish people to follow me anyhow(not not feel like dealing with questions). I just want traders to see different perspective so they won't be robbed in daylight! Seeing big picture is way more important specially for spot traders. Leveraged traders already got liquidated. So I bet some people hoping to force scared traders to force open short positions and liquidate them again. It is just bad idea to open short leveraged positions when the funding is really low! But I bet you want to make the money that you lost!! They already know this and they will expose your weakness. Be strong and do not give in to little games like this.
Comment:
Btc still moving slow as expected. Always the case after a big drop like that. Some people likes to keep average traders constantly guessing before their next move. Bollinger bands narrowing down on the chart. This means that we may see 58k capture soonish or worst scenario another attempt at 50k(very very unlikely at this point but still possible with coordinated attempt) then quick move up towards 60k region . Nevertheless mid to long term direction most likely be towards 80k region. Not worried about daily fluctuations with Btc. Just absolutely stay away from high leveraged positions.
Comment:
Now over 90% Ta's talking about short positions and doom stories(delusional people talking about 20k-30k range). This is really good sign :) I am loving this slow torture and how human physiology works. They are forcing people to open short high leveraged positions so when big entities opens large longs they will obliterate short positions and lower their funding fees. Simple math. More people opens short better it is for them.
Comment:
This is the benefit of looking at the big picture! I do hope that you did not get shaken out! Strong minds always wins but do not forget to take a profit now and then!
Comment:
BTC looking extremely strong! Now it is time to take a look at which Ta's have you been following. Make sure to eliminate few of the fud spreaders(not talking about the ones guessed incorrectly). Funny part nobody remembers what happened 3 days ago :)
Comment:
We have reached $57200 already in a short period of time. Strong V shape of recovery happening with an healthy amount of correction. Now nobody remembers what happened last week. If you haven't sold it at the bottom , you probably understand the importance of not listening Clowns in this space.
Comment:
There we go again. We went up nearly 12k then down $1.5k .Right now more than half of Ta's calling shorts. I have no words for this people. They must be expecting one green candle to reach 80k otherwise we are bearish. I will make it easy . Posting a picture of tiny health local correction! simple and easy . we may not even correct!
Comment:
I did clearly point out this drop on the chart. Upon closing this weeks candle , we are good to go! And yes we are still very much bullish!