BitcoinShort
It's time to zoom out
Updated
Euphoric finish on the super high timeframe charts here. One hell of a year we've had.
This is my opinion on how euphoric trends finish. You can see similar logic in the comments of my linked article on the oil market bottom in 2015, and also the comparison chart shown here. When a trend compresses and becomes crazier and crazier... that's the candle you're looking for.
Though being real, I've been bear for quite a long time on this market. Bit too early, #weakhands. But this is just ridiculous. We need to cool off for a while. Not to mention end of year positions closing.
This is my opinion on how euphoric trends finish. You can see similar logic in the comments of my linked article on the oil market bottom in 2015, and also the comparison chart shown here. When a trend compresses and becomes crazier and crazier... that's the candle you're looking for.
Though being real, I've been bear for quite a long time on this market. Bit too early, #weakhands. But this is just ridiculous. We need to cool off for a while. Not to mention end of year positions closing.
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This is the kind of example I've had in the past on the structure of falling wedges and euphoric finishes for markets.Note
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This chart is aging well. Dip buyers should start preparing.
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s3.amazonaws.com/tradingview/snapshots/l/LcKUqbLJ.png7000 to watch
Trade active
Buy the dip, average down your spot buys. I'm 50% deep
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80%Note
100%Margin long capitulation is all I'm watching now
Price is in freefall, capitulation candle. Shit is getting spicy
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Daily close looks promising. Record 1D volume on all exchanges, green hammer seems probable. Choo choo.Note
$1500 in profit, took off a third of the posistion #weakhands
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50% scaled out of the posistion, daily RSI has broken out, quarterlies out of sellers after closing into the margin short liquidation.
Let's goooooo
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75%Trade closed: target reached
#weakhandsAll out, thanks for the ride.
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hmm
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