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Refined Market Reversal for Corny Corn CornBitmex undergoing maintenance on the 4th is a neat event to help trigger an interesting move that will likely happen in the next few days. Purpey lines are a daily structural meme shape I made and Teal is weekly meme lines. Looking at an escalator top of around 9252 followed by the devil's elevator down very short after. An idea I appreciate by cryptomedius (twitter @cryptomedius) lays out the historical bull-run-then-large-correction seen in the past by the lord and saviours corn. Obviously this is not guaranteed but history does like to repeat itself. Would like to see the reaction at 5880 and if not huge demand at those levels with the public and early retail buyers holding poopy bags, it's likely we could see new lows before a move to 100k+. Who noes tho right?
BITMEX:BTCUSD.PShort
by CryptoHicks
Bitcoin - Bull Trap Incoming Before The Moon, Or Just THE MOON?BitMEX history shows a Longs shakeout before the mega pump as seen and witnessed on the previous pump to 20k. If that is what is going to happen, then you can expect a retrace toward 5800 before the mega pump, but I since I don't like to think that history tends to repeat itself since that would make trading much easier and more annoying, so I'm looking to see what the resistance in front of us is going to do and if it's really that strong to push us back, then I'll make my move!!! So what are you planning to do ?
BITMEX:BTCUSD.PLong
by smartdigitals
BITMEX EOSM19 Short @ 0.0008900Ichimoku Cloud 5m, 15m, 30m, 45m showing a bearish trend. We will hop on the train and sell short @ 0.0008900 Stop loss @ 0.0008950 Take profit at 0.0008850, 0.0008800 and 0.0008700. With the ichomoku Kumo (cloud) being bearish, we can see that the bearish trend has nearly fully developed. Although not possible to catch the beginning on the trend since it's trading within the cloud, it is more to wait till the trend is confirmed. We use the Chinkou Span to confirm whether the trend is fully formed. That happens when the light blue line crosses under the price. Holding period 12 hours.
EShort
by blacksharks