I just wanted to let you know that I'M STILL SITTING ON THE SIDELINES with Bitcoin.
A friend of mine (a trader colleague) opened a long position (buy) a few days ago...
You guessed right, the first 2-3 days were okay, he had bought the dip at around $33k.
But just a few blinks of an eye after, REKT! And the guy is such an amazing trader!!!
Price action made his...
I shoul've gotten in when it hit $33k (or even better, $30k), but time machines don't exist, so the best play now is to wait for break & confirmation.
After BTC dropped, I took some time off the crypto market, and went all-in on AMC; I'm happy I did.
Sometimes you just have to sit in the sidelines and wait.
Patience pays in this game :)
The chart is looking good here. Might not be at its best, but it's definitely better than last week's.
That red line you see moving around with the price is a golden cross/death cross indicator.
Now it's red, but it will turn green eventually, indicating bullishness & strength.
As you see, BTC has been trading in a downside movement, channeling.
This channel has...
Until the moment when we break this channel comes, I'll be out of BTC.
Always try to see things (from at least 2) different perspectives.
I can't believe @BitFink is now a bear; times change!
I think there is still room to play around with.
Worst case: we get to $52k and then down.
Best case: we moon past $100k babyyy.
One of my friends messaged me today; this person bought the dip in a not so convenient environment, which led to losing money fast!!!
As you can see, I'm using the adequate indicators for buying dips, I strongly recommend that you try them out!
Indicators provide knowledge we don't see in the chart itself with the price action.
Give this indicators a shot! I'm...
I don't really get the fear there is. Fear sells, fear makes money; sentationalism exists.
People follow their idols blindly (Elon Musk), no matter how clownish their claims are.
How couldn't TSLA's analysts not go over the environmental thing before? Suspicious...
They actually did, but Elon Musk obviously ignored it to be able to play that card later.
As you can...
The Gaussian Channel turned red. It hadn't done that since Oct 2020.
The important supports and resistances are marked on the chart.
This is the power of the tweets of the richest person on Earth.
Elon Musk moves markets. His fans will follow him blindly.
He gets away with market manipulation. Hello SEC???
He is tryna crash Bitcoin, before its real upside...
For those who still don't know, Bitcoin has fell drastically from its last ATH, partly (not entirely) because of an Elon Musk tweet.
It's when others are fearful when being greedy pays well; play long-term (until Dec 2021).
Here we go, chasing another ATH break, but first...we need to break this structure!
Join me on my journey, safely to the moon! Here's some proof of my work:
(it shows how much conviction I have and how good I'm at...
The chart depicts an area of interest, which shows an area in which the recent resistance level that we broke in April 30th that had turned into support right after couldn't hold and is now resistance again. Besides, the Gaussian Channel is still acting as support since it's green; if the Gaussian Channel midline is broken, it might turn red once again (indicating...