About meAspiring trader. Studies charts daily.
Lost 90% of everything I had in crypto bear market.
Re-entered in 2021.
Determined to do better this time.
Cryptocurrency companies are preparing for a massive advertising campaign during the Super Bowl this weekend, with some analysts predicting it could boost the price of bitcoin in the build up to the event. -Yahoo! Finance
It is likely we are in a big ole' bull flag right now.
First, we are going to drop and re-test the 40.5k level. Incidentally there is a...
One of my favorite coins, GRT has been in an accumulation pattern for many months. I am betting that btc will either move up or trade sideways for awhile, either of which should benefit alt coins in the short term. I feel that GRT has reached the bottom of its channel for now and have purchased GRT at an average cost of .57.
My targets for this run are .90,...
As we move down we are eating away at remaining support levels. Also, buy walls higher up are suddenly disappearing.
Spoofy, is that you?
I have been expecting one further shakeout below 40k at some point and this looks like it could be the one. I believe a last extra strong flush downward would confuse and concern most people into actual panic and reset...
Bears are in trouble.
We have a rising wedge. If btc gets past the 4-hr ichimoku cloud and pumps from the wedge, it could climb all the way to 49k and tag the bottom of the 1-day cloud.
The key point to watch is the 45.2k resistance level. A steady climb and consolidation below it may lead to a breakout which catches the bears completely unawares.
Price has been rejected again near the top of the range. Curling back downwards, we may break below the staff entirely and touch the mid to low 38s, possibly 37. Super strong support at 37.3 but am not concerned with us going that low (yet).
Plan: Short until we break below the staff line by a measured bulk of the 4hred range support to resistance. Then go...
We are getting a strong reaction today with increasing buy volume. If we break this entire range we have been in I can see us moving up to around $45,000. We are still far below the largest downtrend line, are coming off of oversold status and there is an imbalance on the 4-day chart. Also shorts have been rising over the last week and could be due for a squeeze.
In the long run, almost no one gets it right.
We have a long-term trend (up), with the expectation that price will only continue to grow as the sector does. But while 250k seems 'programmed' for bitcoin as an inevitable outcome one day, the timeline for when and how we get there is intentionally left opaque.
Are you optimistic, or pessimistic about what is...
Well we broke through 40k and grabbed some liquidity. Fake breakout apparently as there was a strong buyside reaction. Let's see if it holds or if this is yet another fake-out.
We deviated the low on this range, throwing this up as an obvious move now to deviate the highs.
Hopefully not too obvious because then it won't come true.
Does anyone ever feel like...
Tentative 3x long purchased at $45,760
4th touch on pink support trendline,
Massive ltf capitulation sell volume,
Very large open interest @ $50,000 strike price for Jan 7th options expiry,
Imbalance of areas to be retested
Recommendation: Long until at least $49,400
Such sweet musical notes the corn plays for us.
Volatility has died off, big players are buying back in and the next accumulation phase is almost complete.
Expecting us to range downward for now as bitcoin creates a staccato of descending eighth notes.
The spring can happen soon. Like, any day now.
My theory is we break below 40k, below the pink trendline at...
Bitcoin currently riding the line of the previous breakout low, trying to consolidate and move upward.
Weekly RSI entering oversold territory. Still room for a further move to the downside but now that downside is limited.
Do not be hasty about moving into a position. Rather than catching the exact bottom, wait for a higher high and higher low to form. ...
“But that’s just the trouble with me. I give myself very good advice, but I very seldom follow it.”
Alice, in Wonderland
My Neighbor Alice is a multiplayer builder game, where anyone can buy and own virtual islands, collect and build exciting items and meet new friends. It looks like a clean, fun little game in the vein of Animal Crossing, with avatars, virtual...
I wouldn't risk it here however. There's a high likelihood that support must finally be 'broken' first before the bulls are ready to make a comeback. Just noting my entry point at support and probable exit points on the current trade.
The matroyshka doll cycle
Accumulation and distribution unfold and confirm one another on all timeframes.
"The specialist resolves his day-to-day inventory problems with his intermediate and long-term objectives always in view."
Insiders. Specialists. Market makers. Big operators. Exchanges. Professional money.
Investor. Speculator. ...
I'm by no means a btc maxi, but it bothers me that in all this time bitcoin dominance has barely been able to cross the .236 line after losing 30% in 5 months.
I'm willing the execution of this obscure fractal into being.
The only way of that happening is through a colossal dive so, bring on the 10k drop and allow btc to reclaim 53% for a moment in time.