[BTC THE GRANDE BTC FINAL 2020 Q2 - PART 4
Hello Everybody!
This is a Great day!
The Whales are super nice today and giving us the P E R F E C T SHORT!
And we do not even have to hurry!
BTC have been at this price point between EMA 55 on the daily chart and EMA 21 since 02:00 AM.
This trade is pretty much the best one we can get on Bitcoin.
If btc goes down below EMA 55 it is game over, officially.
Upside? Not really realistic. If whales begin to throw their fortunes into BTC now it would be russian roulette. And no wealthy person with a brain plays russian roulette at former top like this after like 5 rejection/tries on breaking 10.500.
IT IS DOWN MY FRIENDS!
The chart says it, the indicators, history says it,
The perfect short is what we got handed right now, today. Last time we had this chance was like 3-4 months ago.
And I ofc also got that one right =D
Remember to use a stop loss! - Whales may make a fake move to hit everybody's stop-loss so be prepared for that. But I dont think the price can go over EMA 21 TBH. So a stoploss just on the other side of EMA 21 should work. A stoploss above the last lower high would ofc be perfect and cirka a 35-40% stoploss with a 5x margin/leverage.
"This Is Not Financial Advice!" - but it is a crazy ass trade with a downside of 20-30% at a realistic minimum if not 50% !
Like & Follow for more trade ideas and insights like this.
Have a lovely day everybody!
- Stay strong!
Confucius_The_Great
This is a Great day!
The Whales are super nice today and giving us the P E R F E C T SHORT!
And we do not even have to hurry!
BTC have been at this price point between EMA 55 on the daily chart and EMA 21 since 02:00 AM.
This trade is pretty much the best one we can get on Bitcoin.
If btc goes down below EMA 55 it is game over, officially.
Upside? Not really realistic. If whales begin to throw their fortunes into BTC now it would be russian roulette. And no wealthy person with a brain plays russian roulette at former top like this after like 5 rejection/tries on breaking 10.500.
IT IS DOWN MY FRIENDS!
The chart says it, the indicators, history says it,
The perfect short is what we got handed right now, today. Last time we had this chance was like 3-4 months ago.
And I ofc also got that one right =D
Remember to use a stop loss! - Whales may make a fake move to hit everybody's stop-loss so be prepared for that. But I dont think the price can go over EMA 21 TBH. So a stoploss just on the other side of EMA 21 should work. A stoploss above the last lower high would ofc be perfect and cirka a 35-40% stoploss with a 5x margin/leverage.
"This Is Not Financial Advice!" - but it is a crazy ass trade with a downside of 20-30% at a realistic minimum if not 50% !
Like & Follow for more trade ideas and insights like this.
Have a lovely day everybody!
- Stay strong!
Confucius_The_Great
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Funny enough my "Golden Short - box" trading idea became reality. In a big way lol. Bitcoin is camping EXACTLY in it lel!
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- Read my comments, they are epic and unique. You wont find them anywhere.
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"My stoploss on one of my trades is "A open and close above EMA 21 on the daily chart" So i'm prepared for the worst :) "
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- A close above EMA 21 is just as good a stop loss.
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Here is a picture of how it went last time we saw this scenario ( Still signaling the end but too much volatility to trade it.
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Ups, last time is in the picture (2020 Q1) I was talking about the 2019 top. Still signaling the end but a lot of fake moves/bounces after the signal that was untradeable like what we saw Q! and today. 100x less volatility. = I think we will see a epic dump again. Possibly to 1k, 2k. Be prepared! Dont sell your shorts too early!
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Sorry, I'm not 100% today mentally. So my speech is a little off. That is the price you have to pay when you're a 0,01%'er with ADD/Autism. Just like super heroes. Big strengths and big weaknesses. Ying & Yang.
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I have written like 3 stop loss price points in total in todays writing. They are all valid to use. IT all depends on how big the fake move will be. There may be noone at all, but most likely there will be one. Small, medium, big? 1%, 3%, or 4%? 9800 is the save one. A close over EMA 21 would be a good middle way. Not so easy to hit for the whales and not too big of a loss if worst-case scenario happens and BTC takes a test more at 10.500 :)
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I would not advice more than 5x margin in this trade. 100%+ if BTC drops, and the possible loss will be manageable.
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No financial advice, I'm not a financial advisor ;)
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Everything goes as predicted.
After BTC dropped a little below the former support line, and back up and test - I got the chance to pu on a 3d trade at this price point, and then btc dumped back down to where it was securely below the support line (9077) and EMA 55 on the 4 hour and daily chart. Just as planned! EMA 55 and all the resistance in that area will cover our stoploss nicely! A trade worth waiting months for!
After BTC dropped a little below the former support line, and back up and test - I got the chance to pu on a 3d trade at this price point, and then btc dumped back down to where it was securely below the support line (9077) and EMA 55 on the 4 hour and daily chart. Just as planned! EMA 55 and all the resistance in that area will cover our stoploss nicely! A trade worth waiting months for!
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The easiest money imo is made exactly now. It is so stupidly easy to predict how BTC dumps happen. Swift and easy money in the pocket if you do it right. Even 25x and 50x can be employed if you know-how during the drop from top to bottom.
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But you ofc do not use 25x or 50x with more than 5-10% of your account and write it off as lost from the start to be on the save side. But it can end in a 10x with little to lose. Worth a try if you have figured out how to pull it off.
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UPDATE
We are lucky, a lot of the guessing has been done for us already. BTC is again stuck below the 10.500 top from Q1 2020. And showing all the signs of once again, going to dump. This time likely lower than before. Why? Because it is now second time BTC fails to break this resistance - and that is on top of a super bullish bounce from the 3800 low! But the whales/rich/billionaires did not belive in BTC going over 10.500 so they sold that ressistance and here we are now with easy trades if done correct.
We are lucky, a lot of the guessing has been done for us already. BTC is again stuck below the 10.500 top from Q1 2020. And showing all the signs of once again, going to dump. This time likely lower than before. Why? Because it is now second time BTC fails to break this resistance - and that is on top of a super bullish bounce from the 3800 low! But the whales/rich/billionaires did not belive in BTC going over 10.500 so they sold that ressistance and here we are now with easy trades if done correct.
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Even my own confidence in BTC ever breaking 10.500 has been shattered. I imagen the whales to be the same and even worse because they are more battle-hardened by any years of trading and thereby dont have as many emotions in dumping/buying BTC. They just do it for the money, nothing else. And they smart and biggest whales trade, they dont hodl BTC, because they know technology always get outdated and replaced - and go to 0 aka stop being used - just like your old windows 1998 also went to the scrap yard many years ago. Same with BTC most likely.
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Some alt coins shatter BTC on every angle. BTC btw hashpower is over 55% in CHINA! When this news become mainstream I could imagen BTC going to close to 0. When that happen the miners will go bankrupt below 1000 usd btc, and small private miners hopefully come back buying some bankrupt bitmain mining hardware for the fun of it and BTC survives mid term but if noone rewrites the whole code BTC will become useless some day. Noone wants a windows 1998 or Vista pc in 2020 performance-wise.
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The hardest part about trading BTC is the wait time....it breaks most people down...me included. But sharing my analysis with you help me in not breaking down. Every time I break down I get punished by losing a winning trade. Every fucking time. I had to learn the hard way that you can be right over 75% of the time...even when the idiots you find on the internet and medias lie or suck ass and say 63% is the best you can be. It is a huge lie. With trading bots and other software, you can hit something like 90% consistent.
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And even if wall street did not life claiming 63% is the best their traders can perform over a year or years. They still hit maybe 90% successrate for months at a time and then bad months comes and they maybe lose 75% of the time. And ending at a 63% in the end. But I know they lie. They always do and have always done so. Why? Then the competition dont try to get better than 63% because "wall street said that is the skill cap" hahahaha. Fooled again sadly. Have a nice day everybody!
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life = lie*
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Not much new to report.....the whales are driving us all nuts...the the of the EMA 55 on the daylie is at work.
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Not much new to report.....the whales are driving us all nuts...just the test of the EMA 55 on the daylie chart is at work.