This is a post so I could do a self evaluation of my trades. I'm a long term bitcoin bull but trading this as a bear market. Overall, I have done extremely well but want to look for areas of improvement while also providing information that is educational to new traders. Links to these updates here: www.tradingview.com Nov 20 - Bitcoin Compared to Silver...
Price action making higher highs while indicators making higher lows. Bearish divergence on indicators. But who knows, we've all seen fomo do crazy things.
Alright wolves, BTC looking quite strong overall and we have formed a bull flag, however, short term we can see RSI divergence on the 30m chart, and tightening Bollinger Bands indicating a small drop pending. We will most likely break down from this bull flag and touch the current trend line (yellow) once more, if we bounce off it we will make our way up to 8400,...
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Possible play for bitcoin in the upcoming weeks.
Buyzone 6700 Target 7000 - 7100 Stop Loss 6615
forming wedge big seloff from yesterday, a nice exhaustion candle
Simple. Huge down trend on the 1 day.. falling volume regardless of price changes.. no reason to turn around until prices are so low they are irresistible. After 3 successive months of crash, no one but gamblers and those too heavily invested to pull out are going to risk much.. as in anything.
Not much word needed, still Bearish on Bitcoin (6000, 500 maybe even 4000$) Today we will spread some Limit Orders to find a nice Short Entry. I dont expect all Shorts to get filled but better to be prepared if we bounce a little more then expected before we go down again. SPREAD YOUR SHORTS AROUND: 6725 $ (20%) 6825 $ (20%) 6925 $ (20%) 7025 $ (20%) 7125 $...
Bitcoin looking very similar right now to January/February preceding the dump to 6k. The 4 hour RSI helps tell the story. Breakout longs will get rekt.
We're looking for an healthy correction. You can expect a return to a rational market in the long term canal. I think that we're going to enter in a depression phase if we attend a break of the long term canal.
Autistic Charting. Short-term long from 6700ish at 20x. Currently 25-30x ROE this week utilizing 12-48 hour short and long lplays between 10-25x.
We are still in a downtrend and are slowly coming to the end. There are 2 striking hurdles for April. a descending resistance line from 05.03 and a descending resistance line from the all-time high which runs at about 7600. A descending underscore line of 24.02 with the line of resistance of 05.03 forms a wedge which should complete its formation to the next time...
Alright wolves, I am still 100% bearish here and solidly believe we will reach 6k before recovering. However, how we will get to that 6k double bottom is what we are discussing today. Lets jump in - As you can see I have mapped out 2 routes for BTC on this chart, each relying on the direction the current bull flag that we have formed will break. Route 1 - If...
Regardless of what happens next, I'll short with one hand and Dollar Cost Average all the way down with the other. Enjoy the ride
BTC has had a confirmed double bottom bounce on support - which dates back to 2014 when taken back that far. Looking for an expansion of volume as it's been contracting at the bottom. Volume will be nescessary for a high conviction short term reversal other wise we'll be grinding down on failure. First target $8,200 with a breakout on momentum. BITFINEX:BTCUSD