Not investment advice but we have a Gartley (Bitty loves Gartleys) and possible long op here. Make what you will of it but shorts have come down enough to justify a DCA here. Good luck!
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Musk | Woods | Dorsey activated . . Shocking eh? It's all a show folks so kick back and enjoy the action ;)
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Lot of reasons to bull here. Just keep in mind that we live in opposite world so don't get shaken out by a classic Bitcoin fakey. We've seen too many flags run quick fakey reversals only to switch up and then go proper . . but not after longs / shorts have been cleared. Stay focused, loosen the stops to avoid flash wick liqs, and look up for now.
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Reporting live here from the 37,800 line ;) Just gonna leave this for ya
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NAILED IT!! If you followed this idea then maybe you cashed out already. We hit "D" on the Gartley with flying colors as Bitcoin flash liquidated massive shorts. I still would not short here as that top wick is likely to engulf. Good luck traders!
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So we had a cute little bull pennant show up at the top of the run and looks like classic Bitcoin fakeouts, top side possibly and bttom side to clear longs / shorts for "maybe" one last push up into that top zone on the Schiff but the Gart on MY screen says DCA into some short for at least a hedge. Check it out . .
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Apologies for the rapid fire updates here but I had a wild eyed prediction that seemed worthy of a shout . . you be the judge
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Classic BTC indecision and possible inbound fakey. We know Bitty loves to fake & shake the bears with these bear flags. Can't say long or short but BTC is still toppy given the run we just had and the big outer Gartley.
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Harmonics confirmed!! So how high is "D" though? I'm playing it safe and gonna limit my target according to the Fib channel here (and opened a small short btw ;)
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Tying to stay on top of this here but maaaannnn they are keeping this TIGHT within the channels (fakeouts aside). We're hugging the line on the top channel of that modified Schiff, inside the Fib channels up and looking like maaayyyyybe an inverse H&S on the intradaily. I still say Bitty could hit $42.5 . . Cheers!
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Update here, I personally would not go long here despite the fact that we could top out closer to the upper bounds of the Schiff pitchfork here. That Gartley on top of some whales selling, Peter Schiff basically calling it out as toppy, I've got a small short opened with some stop buys placed for flash wicks to either side. Regardless, how often do we see consecutive printing of candles like this? Caveat emptor . .
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So we got a classic long /short squeeze pump here as Binance HK FUD rolls out even further limits by halting derivatives for traders in Germany, the Netherlands, et al --> www.binance.com/en/s...4b488213fa30284dd4cd . . if they can't control the price, they just change the rules
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On July 28th I reaffirmed the $42,5K price level and it looks like we hit just over that with resistance now at $42,599 (see here). This is toppy and with the new limits on derivatives trading on Binance, it's obvious the whales need price controls so they can pull out before it tanks. I'm short from here, DCA of course. Good luck!
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Quick update here . . no promises but Bitty loves to fake us out . .
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So far I nailed the 1st leg of that bounce BUT we might get more upside before retrace down
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Nailed AGAIN!! well . . we're almost there anyway ;)
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So I missed the last 1/2 og the down leg as Bitty held inside of a short term Fib downtrend. I still nailed 2/3 of the play though and hopefully you did too
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Haven't update in a bit as this thing became overextended. I opened a small short to hedge in gains. I still see a larger downtrend and the CME bottom gaps need to fill