BingoMoney

BingoMoney

We seem to have settled sideways. Ignoring all fundamentals for a sec, if we hold this lateral movement into what would have been the bottom of the channel drawn out over the beginning of this uptrend, we may pop up to finish off what we left off above 400 Just food for thought, thots.

BingoMoney

320 is no longer justified by participation, I believe the last upwards movement out of that slide is a distribution event. possible support levels stand below 310, subsequently (or consequently) also below 300. waiting to see how energy towards 320 is again however there is a good chance 317.50 will hold its ground. stops around the top of 320.

BingoMoney Updated 

while up movement may likely continue to to 350+ range, those looking for an immediate long entry should consider holding for a retest. energy has been decreasing since JUL24, last upwards movement could be considered a distribution movement. Especially considering the recent (and suspiciously quick) breakthrough of 300. my turquoise concave line serves to...

BingoMoney Updated 

short to low 230's, maybe 231~232 or long the ever loving shit out of it when it gets there.

BingoMoney

This little run up is extremely important for bitcoin We will turn around again, most likely before retesting 10k, it is at this point where bids must support 9300 to continue higher. If we fall and settle (not just crash below and quickly return above) then we will most likely continue lower to check out the 8k-8.5k region. be safe, have fun, buy lots, use protection

BingoMoney Updated 

honestly does anything matter anymore?... anyways, point is we have entered the channel occupied pre-covid. We have already hit it's ceiling (see hand pointing) Now we test the bulls. If support holds mid-channel. we will probably begin an attempt to enter the sur-channel region, just above the 230's. I believe we won't initially hold 310 however, given the...

BingoMoney

4h and daily if the D dont close doji potential long to >255 still examining entry areas. may or may not have bought a 4h call striking 243 just incase we take tf off early but it will most likely try 242 again if we cant get back over 243.5

BingoMoney

This is a swing channel that I have been paying attention to ever since we began our long trek back up the covid climb. I'm posting about it now due to the terrible time BTC is having at getting over the hump of that descending resistance right from 2019's bullrun high. When this line breaks (tie goes to the bears, every time.) I think we will slide pretty...

BingoMoney Updated 

I feel as though we have lost confidence in the 230's, which is a shame as it would have been super bullish to hold that valuation. alas, we must move forward despite the direction. Let's say we fall for a bit, what shall occur. Well as you can see, we have a strong lattice of long term post covid support meeting with previous descending resistance lines, each...

BingoMoney

Down time to come, confirmation on any candle >= 1D Had we not fallen victim to coronadona, I'd imagine we wouldnt have fallen nearly as low. Take note of the rounding volume levels also. Might not be a lightspeed rally, however I feel as though this time around, asks know they can go higher, and so do the bids. Cheers

BingoMoney Updated 

shitty close on that first candle. Gotta get back in that swing bruh/

BingoMoney Updated 

possible spring confirming more upwards movement. I would say that is just about the last of <240 we will see for a couple days more low 240s to confirm. suspending short positions for the time being to await further confirmation

BingoMoney

so I dont think we are going much more past 245 in the next couple of days. But we are probably going to finish the top of this triangle so longing at least to 244.50 We will see if we finish the triangle which I would expect to see defending 246. Expected resistance would signal short position accum bottoms up

BingoMoney Updated 

I strongly feel as though this head and shoulders will play out, however that right shoulder was floatier(?) than expected, which may lead to improved market sentiment as the pattern completes. This leads me to believe that we will form a nice triangle up from that raunchy 220 wick on June 2nd. If support is bullish, I'm expecting the cavalry around the high...

BingoMoney Updated 

That last push brought us out of triangle. Wait for confirmation. Support at previous 4h open @ 0.20 region (aka top of triangle)

BingoMoney Updated 

Call me crazy, but we are doing the same thing over and over again here. I'll elaborate. On the right chart you will see the 15 minute candles around May30th to may 31st. Large head deviation only to return to trading range. On the left chart, you will see 4h candles, where the H&S I just mentioned looks much smaller. Remember that big sell off yesterday?...

BingoMoney

LMAO once again, see related ideas.

BingoMoney

See linked idea "rinse and repeat" for details.