Coinamic

Play the chances, don´t follow the herd

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
This is amazing, the market is still holding the price at the huge resistance, the top of the triangle where we are trapped since December 15th. While I´m long in some alts, I´m still very bearish on Bitcoin , I just´t want to be short whenever the whales decides that is the moment to dump BTC , and that moment is getting closer day by day.

Bearish divergences all over the main coins facing big resistances and oversold alerts everywhere. The price keep forcing a small upwards moves while there is no indications of real volume to perform it, does it sound suspicious to anyone?

Anyway, I´m ready to whatever whales decision, if you see the blue one on the top, that´s a huge trendline created in January 2018. If, just if the market mange to pump it up around the trendline , believe me, that will be like crashing a car against a concrete wall, so my next set of short orders on BTC , ETH and LTC will be all around those levels.

Let me know what you guys think down below, I´ll be answering any question you have. As always thanks for watching my analysis, don´t forget to click like if you find interesting this post :)
Comment: Typo: I wanted to say that the alerts indicates overbought.
Comment: Sell wall in bitmex at 140 and another even bigger at 150. The price loosing strength on the ADX, how long more they will hold this nonsense?
Comment: Tensorcharts is showing big resistance from 4140 to 4160, how this is still up? Unbelievable, there is literally nobody buying at the current levels. This is just a matter of time until gets tanked badly.
guess you didnt see that comin did you.
+3 Reply
gwills cprime
@cprime, lol was thinking the same thing.
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cprime gwills
@gwills, it may be what we needed to finally collapse down hard.....or it could stay up now that it broke resistance.
+1 Reply
Coinamic cprime
@cprime, no I didn´t. The thing now is that everybody is calling the end end of the bear market, I wouldn´t be that sure tho
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The thing is that the same people who pump the price, will eventually dump it. In my opinion they are looking for liquidity, more buyers, so once the bag is full enough they make a hell of a dump in a matter of minutes.
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Coinamic laurekibling
@laurekibling, true let’s see how this ends up, there is not enough volume for whales to get a decision
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thanks for your excellent content! check out please my ETH analysis.
+1 Reply
Coinamic geradomx
@geradomx, sure seems that we agree in the pattern that the price is printing.
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great analysis !!!
+1 Reply
Coinamic LA_TRADE
@LA_TRADE, thanks!
Reply
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