alperkirdal

alperkirdal Updated 

Everybody is talking about the 6th of month theory. Even the people with slightest knowledge about crypto started to say "we are going to moon on June!". For whom that hasn't heard of the theory, every month trend starts to make reversal; so people say that we are entering a bull run starting with June 6. Yesterday a guy in telegrad channel asked "at what time...

alperkirdal Updated 

The price is testing both the ascending small channel support and fibonacci retracement. If it breaks these levels (7640-7660), then it is a good chance to short the market. Still we are in bullish trend in MACD when you look at it daily, so this trade has some risk in it. Wait for confirmation, fingers on trigger... Cheers

alperkirdal Updated 

Actually I was expecting a sideway movement on the weekend and then bitcoin to makes this move towards 7800. (As you can see in the attached chart idea) The reason is that I thought the Ichimoku Cloud will be a strong resistance and we will break it on Monday. The volume was quite high with the pump towards 7680, I wish I could share a screenshort from Bitmex...

alperkirdal Updated 

I am optimistic about bitcoin in June, but I believe I have a good chance to take some profit from entering a short position. Yesterday I was waiting for a confirmation actually, because the price forced the range I thought as resistance which is 7550-7600. Now, I see the momentum has diminished and I have couple of reasons to short the market: - Quite thick...

alperkirdal Updated 

Bitcoin says good morning with a small pump! As I have said in yesterday post, I had the plan to open ou small long position. Fortunately it worked out around 7300-7325 for me. Still I am a bit furious about myself, I could have also place some action around 7250. Anyway I wasn't expecting a price increase this soon. There is still huge resistance at 7550-7600 and...

alperkirdal Updated 

Hello all, Using indicators only doesn't give you clear judgement by themselves, but still it lights your way around the darkness. Here I would like to share a similarity within past two months. I think 6th of each month theory is just coincidence, but it may even work out this time as well. The reversal of the trend is at our doorsteps and yesterday was the...

alperkirdal Updated 

Hello all, So we have dropped out till 7030 and now moving sideways around 7100-7150. I have 3 scenarios in mind: - We will drop to 6900-7000 range, we bounce back, rise and shine to 9000s (35%) - We will drop to 6900-7000 range, we bounce back till 7300-7400; then we test 6900-7000 again. (40%) - We will drop to 6900-7000 range, we do not bounce back :(...

alperkirdal Updated 

We have started the week with another drop to around 7160 and this drop touched my close order for my short position. My entry point average was around 7575 (you can check the previous posts), so this was a fair trade for now. So what may happen next? I still do believe the price will fall more to test the support line of the triangle in this chart which will be...

alperkirdal Updated 

My first post was about the interesting price action and the weird signal of pump that happened yesterday. The bitter truth of "never trust the market"... So what happened yesterday? After the breakout to 7650, the price settled aroun 7510-7550 almost for 12 hours. Incredibly boring weekend day with low volume. Then in 10 minutes the price spiked till 7630(ish),...

alperkirdal Updated 

This is my first chart here to summarize what I have witness this morning about bitcoin. I was having my breakfast and sipping my Turkish coffee, looking on the price action on Bitmex with no position opened. Suddenly 11M sell order appeared at 7430 dolars. The price at the moment was 7420 and it stayed like that around 15-20 mins. (You can check price history...