This is an emergency post details if/when I have time
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32 Million dollars of BTC
Just got transferred to Coinbase.... Hold on to your hats.. folks, they dump when you least expect it
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The consensus I see from top analysts NOT on Tradingview..
Bears will try to bring us down to 25k Can't say it will be in one painful shove or a slower grind down.
If we hold a range between 24k and 27k for a few weeks, alt coins should run.
Your strategy should be adjusted to this kind of thinking: BEAR MARKET PLAYS AND STRATEGIES
Yes, we are still in a bull market, but bears are now in control. This is called a bear trend within a bull market.
Any authors on here bragging new all time highs or crazy uptrends IN THE SHORT TERM should be taken with a grain of salt.
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More whales sighted parking coins on exchanges since my last post
This is going to be a big drop...
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The big drop started yesterday
and then the bears did not bring out the big guns. I was surprised.
Instead prices went up and ETH made big gains. So did ADA . Right now all is calm, but volatility will resume soon.
Not sure if we are headed up or down. If we cross some trend lines upward, big rise
We all already know what down will bring.
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This symmetrical triangle could mean large move up or down.
Regardless, Sunday night is usually when Korean whales sell. I would lean slightly toward down trend, but the price has been surprising the last 24 hours.
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before and after
It always surprises me when price follows the silly lines I draw
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This is a bull flag
The price can go up and down in the flag area... for hours... even a day Good chance we go higher.. and still no signs of ANY whales on the exchanges But the hurdle above 34k is super tough
Thoughts on the severity of the 50 day EMA ~28.5k?
TradeClass
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@jkastl, It's fairly obvious this is all manipulation. BTC was ready for slaughter. There was nothing stopping any whale from bringing the price to its knees (below 28k). Then.. what happens? NOTHING. No dumps. But a slow boil that results in a total runaway rise in price.
And halfway through this.. all the alt coins stop rising. The BTC run sucks all the life out of the altcoins that were just getting started.
I feel bad for all the reputable TA experts out there.. warning us about the immanent super correction. (Which then did not happen.)
My call is that the big players finally figured out how to keep BTC in equilibrium. What the master plan is.. I have no idea.
eatababy
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@TradeClass, Rather than a bull flag, possibility of a descending triangle, currently targeting the downward trendline around $35,xxx before the DUMP? I've been targeting that area for a DUMP and reversal into altcoins, but a bull flag would completely decimate that plan. Maybe investment banks (GS, JPM, BR) are still tying their shoes, waiting to come in at a lower value (i.e. $22-25K) to set the floor.
CivilisedWolf
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Agree, 20 EMA Weekly is a nice place to buy and also lines up with your zone
TradeClass
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@VincentBoudewijn, surprised by you comment... you need to NEVER confuse TA terms.... the 20 day ema is NOT the 20 wma... the 20 ema runs off days and is exponential.. the other is weeks and non-exponential... but thanks for the kind words