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We have a new high above the rim and a handle in process.
We are are above the Axis of the Logarithmic Channel that describes BTC's Bull Run from Hell.
We are above the Support of the price with the most volume during this Cup formation.
The only thing is we have ATH as a resistance above.
Otherwise there is nothing stopping BTC reaching the Textbook target...
BTCUSDT Perp Futures
BTC plain to see has been going parabolic within a log channel. New high cup rims to new scallop ATHs. Temp shorting is the only recommendation and only for pros. A long heavy account is what the top traders are running and it is wise you do the same !
Ride the whales to economic freedom
Go BTC go you good thing !
Obviously if 44.8k floor breaks we are interested in supports associated with the epic and historic bull run this month i.e. the 50% and 67% retraces. Also watch the big volume prices that often stress out traders centered on 34.5k approx.
But what a thing of beauty, You'd be inclined not to ignore the long opportunity up to 72.2k currently presented.
Now wound tight and feeling the relief of the Venturi's containment BTC is about to flung into the great unknown.
With a 50 - 50 on the day candle's primal indicator and the torsional spin clearly converging on an up and coming explosive exit, even the most courageous among us are preparing to throw caution to the wind !
Safeties clearly marked,brace yourself...
Novel Venturi non linear trend line holds and BTC looking Bullish. We have Broken the bears channel to pieces and reaching for the moon.
ATH then 55k targets long. Bears targets are all supports below.
Happy trading !
Starting to test top as I post
Straight up, Straight Down.. The most obvious choices going foward these days on BTCUSDT Futures ...
Very intense day with a 20% few minute long Musk Flash. The wheel strained under the load of high volume and faulty exchanges but rolled out and cleaned up accounts for a well deserved weekend break (maybe a week)
Less conservative sloping possibilities expressed...
I have started including straight up and down pumps through my grid that have been occuring more often than sideways action.
Got fx mates targeting 37k but I can't see it.. still it is an old axis and fib in the upper echelons so kept it in for giggles.
Immediate drop to 22k also included.
My wheel is centered on 30.8k and I am 50/50 but higher leverage...
Price dropping to first support 30.5k below most popular price. A run back to the axis of the last bear attack (cyan) within a few hours or a sideways crunch for another day or the legs fall of the longs and a visit to 28k and maybe 27k.
or we go full bull with a breakout run back up to Structural axis of Top at 35k
Using a very attentive, some would argue obsessive, strategy of continuous straddling pet named the "wheel". The main interest is levels to target key entries and exits to improve a position's price and size.
Added to the mix to help also with the monotony are non linear trends.
Some of your richer fx mates are riding 2 week long shorts searching for a deep...
Breaking through bearish trends one after the other rounding a cup using the last as support back to last bear run axis and smack bang into the top edge of the Scythe channel.. Will she break.. One things for sure, takers on both sides are getting taxed by the wheel...
How I will attempt to straddle BTC using the "wheel" and come out laughing while it rounds a cup, or crashes back to a 50% retrace.
This is an attentive strategy and hardly passive requiring a bit of sweat. Basically I am willing to risk all the funds I lay down here to liquidation.
Binance offers two products, the USDT and BTC inverse futures perpetual.
BTC Scythe in formation.. Will it cup or crash ??
Grid entries and exits on this volatile market are paying ok.
Well tuned and maintained Passivbot going great with the swings.
I see a broadening bottom testing top trend....
Reminds us of the first time we hit 4k
Price is strictly obeying retracement. Nothing out of the ordinary here.
Safeties for longs first to 30k then 25k for 50% bull run retrace on break
Safeties for short to 55k after ATH breaks.
Catch noise on current price with tighter sub grids to dynamically build safeties. Taker-makers usually allow a tighter sub grid to...