Double bottoms at 200 MA and eventual bullish trend continuation setup: Eventual Bearish Bat; IF 2nd target reacehd it ill forge the 2618 bullish setup, projections above the higher highs... Of course, any close below the major double bottom will invalidate the idea. At last but the most important: we only validate a double top/bottom after a broken...
and the moonlight is the only light we see
Here's the simple setup for the current situation. China is still a major player in this field, if all Chinese exchanges gets shutdown will certainly bring further panic. Here I have 2 short ideas, both are low risk high return. Cheers! HAPPY TRADING!
Watch the sunset. dont get infected with delayed/late pump troll mania
Of course this R/R is very high and tempting! Just dont over leverage. Every trade allowing yourself to make a loss very soon is also nothing sustainable and rather a gamble than meaningful. (Probably in retrospective most of all your losses were completely unneccessay. Trading less you would have missed gains too but is psychologically rather wrong than...
Who said patterns are horizontal? Break out of double bottom could be considered confirmed few hours ago as of the falling trend. Yet it is another classic fight between "Rational (green) vs mania (pink)" ? Who is the stronger party today rationals or inanity, gambling, manipulation?
Through my most thorough analysis to date, i found that the bitcoin downtrend can only be induced through these 7 15minutes candles, which are body-less and ultra high range(/squeeze/shakeout candles.) This process may be triggered by the interesection of trendlines and August'sATH/$4650 (Zoom out the Y Axis to see how to set all your orders !) i do not...
The easy going success of the fork confirms the end of the bitcoin dominance phase. Right now BCH got almost 40% of the network size. www.coinwarz.com If you dont count them together like i did in the chart, then you have to consider this as relevant for the old BTC as a political party losing 40% their votes to the opponent So the current exit pump sneaked in...
We sold for $4700 in asia. But who can reliably identify tops and bottoms and even in this situation? Dont go 100x Long. Dont go 100x Short either. Dont feed the gambling troll. Dont increase leverage after a 5 or 10% move in your favoured direction
1. The pink trend is the insane-/hype-/FOMO-/enthusiastic- point of view. Bitcoin may have more exponential growth to come if people fall in love with decentralization. Non the less it is has to crash for now and test a moving average. Today USD is recovering a bit so that fewer people will want to escape USD. 2. The green trend bow may be the most...
okcoin is at 4300 but if you dont overleverage you can enter before the evil manipulators do bitmex jpy yen future is also trading at 4305 still right now www.bitmex.com
I ask you to pay attention to the critical level for bitcoin at a given time. In the event that the current or subsequent weekly bars close above the support line / cost resistance line, we will see a subsequent increase of 900% + in the next few weeks. I would like to draw your attention to the fact that the key condition is the closure of the current weekly or...
good day:)
losing momentum on 1m failed/fake breakout
dont let them wicked bowls squeeze you (be it daily, weekly, quarterly, decadely) Cryptocurrencies are expensive compared to the past and in a parabolic hypecycle. So most people expect relevant decrease in the following few month The bitcoin fork news arent that heavy positively or negatively. many developer's eyes may be watching bitcoin code so bitcoin may...
1. If this volatility was weekend nonsense, then we stay in between right now/monday? or 2. the whole crash was a squeeze/FUD and weeks long bulltrap follows like 2014? Is bulltrap `"mandatory part of hypecycle? it went a bit lower than mai 25. Analogously in 2014 the low was a bit higher still than the first one during the hype's peak. thanks