What a fxcking ride, man!
This one seriously blew my mind, haha.
You just gotta love this market.
That's where we will go.
I'm not saying this 'cause I'm some super woke hyper-bear.
I'm ok with leaving behind $11k,
not even mentioning that ever so famous $9.6k area ... forget all that.
One could even very reasonably make an argument for...
Let me get this out of the way first:
See that dashed blue line that we broke out of at $12k ?
(I know it's not super accurate)
My eyes are on a retest of that line .. let's say, something somewhere around $11.5k.
(Possibly a short lived dip below that to maybe $10.8k-ish)
I'm a huge fan of stacking discounted sats, so I'm very much in favour of that...
My shorter-term thesis mainly revolves around price negotiation.
On September 28. I was wondering whether this blue box/range was about to be done ...
Of course, me being the eternal bull when it comes to btc, I tended towards a move to $13k.
At the time of writing this, we're up 800 bucks above that.
Now, according to my own thesis we are currently...
I've been unreasonably bullish and I'll be it again!
My main idea has been that we'd revisit $10300 sooner or later,
clear some levels down there and begin to continue our move upwards.
Well, $10300 came, we dipped below and had ourselves a nice little price negotiation.
I'm satisfied now.
While I guess, breaking $11250 will be a bit of a challenge (time for...
The battleground for now is somewhere around ~ $9460 / $11400.
Everything in between is likely only noise.
Breathe, let the chop chop happen, see where it takes us.
I think we'll see price consolidate in this area for a while,
unless there's some radical move in either direction in macro-land.
As I believe we're in the early stages of a longer bull market,...
Sorry for the messy chart.
I usually don't do these short time set ups.
Here I'm just trying to visualize what I was talking about in the last post.
I played each of these set-ups. Glued to the screen.
Blue Arrows = Entries/adds
Red Arrows = Exit/tp
(Leveraged side account, I use to gamble when I'm bored — not something I'm proud of or advocating; My main game...
So, I've been closely following the price action over the weekend; trading 15-min set-ups just for fun ... and I gotta say I'm pretty impressed with how well the bulls did.
Now on this chart I'm looking at a 12h time frame with the price upside-down.
Why? I've always found it sort of cleansing to zoom out and stand on my head for a while. Also, I like to look at...
I have a problem. I'm scarred and I'm not afraid to admit it.
Previous cycles' price action taught me to always think in terms of price negotiation — to zoom out and look for levels that seem relevant but somehow got overlooked by the market.
When we ran up to almost $14k last June for example, I couldn't help but focus my eyes on that mid $6k area ..
It never ceases to amaze me when I read OG's in markets babble about the great strength of the US Dollar ..
Sure, reserve currency of the world and demand due to outstanding debts, blah blah blah ..
Now, looking at this chart, I'll have to say this: It seems extremely likely that the dollar will bounce up from here. Bounce how high? Honestly, I don't know but ~ 96...
So, as i've said before, between here and roughly $10300 I see a lack of negotiation; I do not think we'll ever see anything below $9500 again ..
I have to admit I originally did not expect the Bulls to perform this well, in terms of holding this level up for this long.
Thats why, for now, I'm indecisive.
There might very well be a Hulk-Type-Sucker-Punch...
Sorry for the clickbait headline, it just came over me (:
Now, to me it seems like we're in the beginning of the third phase of this all, which necessitates a certain amount of "price negotiation".
To be clear the past is no reliable forecaster, but there are patterns and cycles and they are usually sort of the same.
So, I am eying a retest of previous important...
So i've been playing with these hash ribbons and some oscillators around hash-rate ..
interestingly enough, whenever you get one of these blue dots that encourage you to "buy" (not investment advice!) bitcoin goes up another +/- 40% (sometimes as much as 100%) afterwards before topping out.
That would take us into $15k territory.
By that time i would suspect bulls...
i've gotten some feedback mentioning this very CME Gab and whether or not it indicates a short therm bearish set-up ..
I have to say that the legendary CME Gabs (difference between last closed and newly opened price on the CME BTC/USD chart) have shown a statistically significant importance.
Traders view it as a tell-tale for retests of lower levels.
messy chart i know.
was playing around with some ideas.
if you take the price action from late 2018, invert it and apply it to the current price action, it looks like we see $14k in a couple of weeks (:
Sure, I'll take it, why not.
lets all get unreasonably bullish again!!!
thanks for coming to my motivational seminar
$10300 gon' break sooner or later, which will be when the paradigm shifts and people start loosing they minds.
we had a great time to accumulate; the next phase will be all about our Hodl-game (keep on stacking though) ..
Very interested to see where this run will take us.
Take care and hodl strong, kids.
well, 10k came before end of may,
then it went away ..
and then #BTC went on a parabolic sway?
no, no, no ..
we couldn't possibly tab perfectly into a huge liquidity zone and then bounce straight back up, and thus paint such an amazingly picturesque s/r-flip, now could we?
my bullishness is worrisome at this point ...