boleroking

boleroking Updated 

Been short all year, now long.

boleroking

Now y'all prolly know I'm a big ass bear, but that doesn't mean I won't long if there's money to be made. I believe BTC is close to bottoming out and setting up for a bull cycle in the beginning of september - beginning of october. We could see some choppy waters in this period before we actually take off, confirming a pattern of higher high's and lower lows. As...

boleroking Updated 

Bitcoin is getting close to our lower fractal breakout and started a micro downtrend in a larger uptrend. Will it break the uptrend at 6800 or will it bounce? That is the question. My guess? We'll break, consolidate, go lower, consolidate until we hit 5000.

boleroking

We broke above the lower fractal breakout. Makes sense if we don't go under 7448 and aim for 7514 at least. Long term 'm still short. Would make sense if we make a move for the 200 ma and top out at max 7750 before hitting a new low under 5800.

boleroking

Is bitcoin a Ponzi? I don't know. What I do know is that it's going for the fractal breakout line at around 7750 and then it is highly likely we see us going down further. The beauty about the market is that SHE has a mind of her own and she's not going to be happy until people stop pulling HER into all directions. This makes her moody. What if someone was...

boleroking

1H chart. 4h posted soon

boleroking

Just short it now that it's overpriced on bitmex. target should be at the red line tyvm.

boleroking

So we just broke out of the ascending wedge which could be seen as a bear flag. We're still within the ascending wedge that formed since our bottom @ 6000 and testing its trendline @ 7000-7300 now looks inevitable. Now, as someone who actually works in the banking industry and loves bitcoin, let me tell you a little secret? I nearly fomo'd into the pump...

boleroking Updated 

So... What's there to say. I've been trading BTC all week now switching between longs and shorts, but this is crazy. We are making too many "exact" price movements. Bounces are too clean and come vigorously. This can only mean one thing; an algorithm is deciding the market right now and there's a lot of money following it. Just look at how nicely it touched the...

boleroking

So this is what I was referring to in the telegram group. The 9k head and shoulders was just as ugly. The trendline and head and shoulders cross would make it come out at 7k which would be my predicted bottom for the drop.

boleroking Updated 

Like I posted in the telegram group, keep your short open :) At this point, the TA is just becoming a self-fulfilling prophecy where everyone (even bulls) want it to retest 8800. Psychology is a more powerful tool than TA here, as with pattern trading you see that everyone is following the same patterns and responding to them in the same way. This creates a...

boleroking Updated 

Chart speaks for itself... depending on whether it will top out at the neckline again this might be smart to short until 9600