So I wanted to update 2 perspectives:
1. TA:
- The bulls had their hand on top for a few nice days, but to me it looks like they are exhausted lately...
- Rejected the daily cloud
- Got very close to the descending triangle ceiling (Sentimental barrier)
- We are riding on top of the 4h cloud (This cloud is almost always breaks hard downwards, especially after such wicks and when bears are more active like now
- Buying power grew and confirmed every rise we had until the last high (10938) which wasn't confirmed, which on bigger scale created lower low, this to me proves that we are going down for at-least short term
- RSI is static (could go each direction)
- 21EMA, 50EMA, 200EMA are all at critical levels (Also the price zone is stuck between them and using them as support/resist, it means that rejection can be fatal, but a bounce will confirm golden crosses which will hold support strong and might even push BTC above the descending (As it means we bounced from the 4h cloud which also a very strong momentum)
- We stopped the last drop right at the 50MA....
* Conclusion from TA:
- What this all tells me? I think we gonna slice the 4h cloud downwards (Due to bearish rising activity and lower buying power) towards the 10050 (Which is also healthy for the bulls, going below that to under 9830 is a big red sign that bears took over...
- Going above 10650 is is a big green sign that the bulls took over...
2. I told you guys I have some very concerning speculative idea which might crush the market easily back to 4000-7300, remember I said that the market acts weird on the 29-31 dates? with big strange wicks that crushed any pattern, and that to me every rise looked like a bull trap? as I love to speculate a lot and I love to check sentimentals, I check the trends in different platforms from time to time, well I think I found the reason for all this big rise on google trends:
ibb.co/Th0nNBs
ibb.co/jbYQcd8
- What we see here is that "BTC" ticker rose in trending within less then 2 days, not a natural rise, and without "Bitcoin" term rising as well (They both very correlated to each other, as you can see in the 5 year trending follow up, also most of people in the world won't use the term BTC but usually will search Bitcoin (Unlike the veterans which really are few who are searching for BTC)...
- Why this happened? there are 3 different perspectives that I was searching:
1. Hack that created this trend (Either by mistake or to bring trading bots attention)
2. Manipulation to get the trading bots attention
3. hurricane dorian at the bahamas on august 31 caused a rise of search the term "btc" which stands for bahama telecommunications and a help service company for people to support each other...
* What this all tells me? that it doesn't matter if it was on porpose or by mistake, it proves that this interest did created some kind of manipulation on trading bots around the world, which created these very weird trends around that date, and which might have cause a big manipulation for the bots to trend BTC....
1. TA:
- The bulls had their hand on top for a few nice days, but to me it looks like they are exhausted lately...
- Rejected the daily cloud
- Got very close to the descending triangle ceiling (Sentimental barrier)
- We are riding on top of the 4h cloud (This cloud is almost always breaks hard downwards, especially after such wicks and when bears are more active like now
- Buying power grew and confirmed every rise we had until the last high (10938) which wasn't confirmed, which on bigger scale created lower low, this to me proves that we are going down for at-least short term
- RSI is static (could go each direction)
- 21EMA, 50EMA, 200EMA are all at critical levels (Also the price zone is stuck between them and using them as support/resist, it means that rejection can be fatal, but a bounce will confirm golden crosses which will hold support strong and might even push BTC above the descending (As it means we bounced from the 4h cloud which also a very strong momentum)
- We stopped the last drop right at the 50MA....
* Conclusion from TA:
- What this all tells me? I think we gonna slice the 4h cloud downwards (Due to bearish rising activity and lower buying power) towards the 10050 (Which is also healthy for the bulls, going below that to under 9830 is a big red sign that bears took over...
- Going above 10650 is is a big green sign that the bulls took over...
2. I told you guys I have some very concerning speculative idea which might crush the market easily back to 4000-7300, remember I said that the market acts weird on the 29-31 dates? with big strange wicks that crushed any pattern, and that to me every rise looked like a bull trap? as I love to speculate a lot and I love to check sentimentals, I check the trends in different platforms from time to time, well I think I found the reason for all this big rise on google trends:
ibb.co/Th0nNBs
ibb.co/jbYQcd8
- What we see here is that "BTC" ticker rose in trending within less then 2 days, not a natural rise, and without "Bitcoin" term rising as well (They both very correlated to each other, as you can see in the 5 year trending follow up, also most of people in the world won't use the term BTC but usually will search Bitcoin (Unlike the veterans which really are few who are searching for BTC)...
- Why this happened? there are 3 different perspectives that I was searching:
1. Hack that created this trend (Either by mistake or to bring trading bots attention)
2. Manipulation to get the trading bots attention
3. hurricane dorian at the bahamas on august 31 caused a rise of search the term "btc" which stands for bahama telecommunications and a help service company for people to support each other...
* What this all tells me? that it doesn't matter if it was on porpose or by mistake, it proves that this interest did created some kind of manipulation on trading bots around the world, which created these very weird trends around that date, and which might have cause a big manipulation for the bots to trend BTC....
Trade active:
* Be ready for one of the following scalps:
Now price is at: 10400
- #Long#CurrentPrice-10400
Entrance: 10520-10620
SL: 10274 (Risk loss 2.38%-3.3%)
TPs: 10670 (25%), 10800, 10970, 11050, 11080, 11160, and last 10% of any higher..
Trading portfolio risk: 1-3%.
- #Short#CurrentPrice-10274
Entrance: 10274
SL: 10385 (Risk loss 1.947%)
TPs: 10128 (25%), 9975, 9870, 9580, 9360, 9130, 8300, and last 10% for any lower..
Trading portfolio risk: 1-5%.
More likely we go with a leg down,
lets see how we close daily/weekly (And bloody Monday response), very critical to stay above 10200 and below 10650 (breaking one of these today/tommorow will make even bigger candle)..
Now price is at: 10400
- #Long#CurrentPrice-10400
Entrance: 10520-10620
SL: 10274 (Risk loss 2.38%-3.3%)
TPs: 10670 (25%), 10800, 10970, 11050, 11080, 11160, and last 10% of any higher..
Trading portfolio risk: 1-3%.
- #Short#CurrentPrice-10274
Entrance: 10274
SL: 10385 (Risk loss 1.947%)
TPs: 10128 (25%), 9975, 9870, 9580, 9360, 9130, 8300, and last 10% for any lower..
Trading portfolio risk: 1-5%.
More likely we go with a leg down,
lets see how we close daily/weekly (And bloody Monday response), very critical to stay above 10200 and below 10650 (breaking one of these today/tommorow will make even bigger candle)..
Trade active:
The 4h cloud is my fav' break out, on most cases always 1 single touch is enough to show that we are going down, and usually a 4h cloud is a slice through... especially when bearish activity going on and buying power creates lower lows...
Update for the 2 direction signal:
* We didn't enter the signal: #Long#CurrentPrice-10400, thus it is canceled.
* We did enter the #Short#CurrentPrice-10274 (Good luck, lets see how it ends, be ready to take profits ;) )
Update for the 2 direction signal:
* We didn't enter the signal: #Long#CurrentPrice-10400, thus it is canceled.
* We did enter the #Short#CurrentPrice-10274 (Good luck, lets see how it ends, be ready to take profits ;) )
Trade active:
Trade active:
Hey guys, update - #Short#CurrentPrice-10274 (Entrance: 10274)
- First TP reached: 10128 (25%), I hope you guys took the profit...
* I wasn't around to update the SL, but I do hope that those who follow me already learned to move the SL to profit levels (or at-least to break-even levels).. so for those who were alert they are in profits, those who weren't it's ok, have many more chances :)
* This was a big shake out, and thus if you were away while it fall to the edge of the cloud like I expected, and while it bounced back to our SL, it's ok, it just a small lose, this wick up is normal for the cloud, I don't think we will reach to 10650 (the critical zone up that I mentioned), and we are still inside the cloud, I do think we are going down and thus I give another new signal, almost same but now we raise the SL, and enter below the moving averages from my analysis:
- #Short#CurrentPrice-10362
Entrance: 10336
SL: 10650 (Risk loss 3.03%)
TPs: 10128 (25%), 9975, 9870, 9580, 9360, 9130, 8300, and last 10% for any lower..
Trading portfolio risk: 1-5%.
- First TP reached: 10128 (25%), I hope you guys took the profit...
* I wasn't around to update the SL, but I do hope that those who follow me already learned to move the SL to profit levels (or at-least to break-even levels).. so for those who were alert they are in profits, those who weren't it's ok, have many more chances :)
* This was a big shake out, and thus if you were away while it fall to the edge of the cloud like I expected, and while it bounced back to our SL, it's ok, it just a small lose, this wick up is normal for the cloud, I don't think we will reach to 10650 (the critical zone up that I mentioned), and we are still inside the cloud, I do think we are going down and thus I give another new signal, almost same but now we raise the SL, and enter below the moving averages from my analysis:
- #Short#CurrentPrice-10362
Entrance: 10336
SL: 10650 (Risk loss 3.03%)
TPs: 10128 (25%), 9975, 9870, 9580, 9360, 9130, 8300, and last 10% for any lower..
Trading portfolio risk: 1-5%.
Trade active:
We broke support level inside the 4h cloud guys, this thing is going down...
Trade active:
Towards the 10050, and maybe to 9850 right after...
Comment:
- #Short#CurrentPrice-10362 (Entrance: 10336)
Price now at: 9950
SL move to profits: 10365 (Risk loss 3.03%)
TPs hit: 10128 (25%), 9975 (Another 15% recomanded to take profit)
Next TPS: 9870 (Another 10%), 9580, 9360, 9130, 8300, and last 10% for any lower..
Price now at: 9950
SL move to profits: 10365 (Risk loss 3.03%)
TPs hit: 10128 (25%), 9975 (Another 15% recomanded to take profit)
Next TPS: 9870 (Another 10%), 9580, 9360, 9130, 8300, and last 10% for any lower..
Trade active:
This is what I expect to see:
- Update on position: #Short#CurrentPrice-10362 (Entrance: 10336)
Price now at: 10116
SL move to profits: 10357
TPs hit: 10128 (25%), 9975 (15%),
and I recomanded to take another 20% at 10090 (total 60%)
Next TPS: 9962 (10%), 9855 (5%), 9580 (5%), 9360 (5%), 9130 (5%), 8300, and last 10% for any lower..
I changed a bit the numbers guys (Mostly the same but still make sure to follow)...
Enjoy the profits guys... if we hit the SL, then we gonna wait for better market to enter.
- Update on position: #Short#CurrentPrice-10362 (Entrance: 10336)
Price now at: 10116
SL move to profits: 10357
TPs hit: 10128 (25%), 9975 (15%),
and I recomanded to take another 20% at 10090 (total 60%)
Next TPS: 9962 (10%), 9855 (5%), 9580 (5%), 9360 (5%), 9130 (5%), 8300, and last 10% for any lower..
I changed a bit the numbers guys (Mostly the same but still make sure to follow)...
Enjoy the profits guys... if we hit the SL, then we gonna wait for better market to enter.
Comment:
That wick almost hit our SL!!!
Trade active:
- Update on position: #Short#CurrentPrice-10362 (Entrance: 10336)
Price now at: 10005
SL is still in profits: 10357
TPs hit: 10128 (25%), 9975 (15%), 10090 (20%), 9962 (10%), 9855 (5%)
Next TPs: 9580 (5%), 9360 (5%), 9130 (5%), 8300, and last 10% for any lower..
Price now at: 10005
SL is still in profits: 10357
TPs hit: 10128 (25%), 9975 (15%), 10090 (20%), 9962 (10%), 9855 (5%)
Next TPs: 9580 (5%), 9360 (5%), 9130 (5%), 8300, and last 10% for any lower..
Trade closed: stop reached:
Hey guys, forgot to update here (again) the signal status, this is what I wrote on my TG channel at:
- Hedgehog king - Crypto arena , :
"
- Late Update on position: #Short#CurrentPrice-10362 (Entrance: 10336)
Price now at: 10344
SL was hit in profits at: 10357
TPs in profits: 10128 (25%), 9975 (15%), 10090 (20%), 9962 (10%), 9855 (5%)
"
- Hedgehog king - Crypto arena , :
"
- Late Update on position: #Short#CurrentPrice-10362 (Entrance: 10336)
Price now at: 10344
SL was hit in profits at: 10357
TPs in profits: 10128 (25%), 9975 (15%), 10090 (20%), 9962 (10%), 9855 (5%)
"
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Hedgehog King!
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