Bitcoin's last two daily candles have been meme candlestick doji patterns that everyone likes. Sentiment has turned bearish and too many people are trading the consolidation.
In reality, a raid on the previous high of $11,091 is very likely during the weekend session before futures re-open. Expect Monday through Wednesday to be scary across maybe everything except for metals as whales get their buying on before the prelude to the next market-wide massacre of top buying longtards.
Bitcoin isn't bullish, and you shouldn't have faith in digital currency. Digital currency is a tool to fund the Chinese Communist Party and various Marxist revolutionary groups like Antifa. The reality is, Bitcoin is being sold and institutions are reducing and exiting. The purpose is to finish the "Extinguish" portion of "Embrace-Extend-Extinguish". If you do your due diligence on digital currency, its history, the companies behind the "investments" and "development", and how centralized mining really is, you'll understand how there's no future for crypto in the real world.
Morons will be stuck holding bags they'll never be able to recover.
Bitcoin may never see $12,000 again.
Where price is heading is back to four figures, and not a number that starts with 9. But, before it gets there, you'll have to ride a bear. You can expect everything to come up short of your wild expectations and take longer to come to fruition than you are comfortable with.
What sucks about this trade is you need to put your stop at the point where you'd think price is most likely to run to take out shorts before dropping. What sucks about this trade is you'll also expect a sharp drop to take out $10K, and won't expect the V-Bottom bounce that comes far too quickly.
What people won't expect the most is the guillotine that drops afterwards.
In reality, a raid on the previous high of $11,091 is very likely during the weekend session before futures re-open. Expect Monday through Wednesday to be scary across maybe everything except for metals as whales get their buying on before the prelude to the next market-wide massacre of top buying longtards.
Bitcoin isn't bullish, and you shouldn't have faith in digital currency. Digital currency is a tool to fund the Chinese Communist Party and various Marxist revolutionary groups like Antifa. The reality is, Bitcoin is being sold and institutions are reducing and exiting. The purpose is to finish the "Extinguish" portion of "Embrace-Extend-Extinguish". If you do your due diligence on digital currency, its history, the companies behind the "investments" and "development", and how centralized mining really is, you'll understand how there's no future for crypto in the real world.
Morons will be stuck holding bags they'll never be able to recover.
Bitcoin may never see $12,000 again.
Where price is heading is back to four figures, and not a number that starts with 9. But, before it gets there, you'll have to ride a bear. You can expect everything to come up short of your wild expectations and take longer to come to fruition than you are comfortable with.
What sucks about this trade is you need to put your stop at the point where you'd think price is most likely to run to take out shorts before dropping. What sucks about this trade is you'll also expect a sharp drop to take out $10K, and won't expect the V-Bottom bounce that comes far too quickly.
What people won't expect the most is the guillotine that drops afterwards.
Trade active:
I suppose $11,192 will have to count.
Trade closed: target reached:
What is scary is that the 4H support level was only wicked. A bullish continuation would be a period of accumulation between $10,000 and $10,150.
That being said, we may very well see a high over $11,192 regardless of if its bullish or not. Hope you don't risk more than you can afford to see a 90% reduction on within 3 months...
That being said, we may very well see a high over $11,192 regardless of if its bullish or not. Hope you don't risk more than you can afford to see a 90% reduction on within 3 months...
