Continuation of my previous idea.
This is VERY VERY simple.
A monkey should be able to understand this:
Bitcoin get bull run go up alot very much ==> Bitcoin retrace. ALWAYS. Not only Bitcoin, any stock do this.
Bitcoin retrace to 0.618 good retrace (retraced EXACTLY here actually).
Below 0.786 oh oh maybe the bulls aren't strong anymore.
After Bitcoin retrace but not too much Bitcoin go up again.
Bitcoin gets bullish pennant on the daily chart after recovering from the noobs capitulation ==> Bull run is size of the flag pole ==> Target is 13k.
NOT because of some deformed Head and shoulders.
This is VERY VERY simple.
A monkey should be able to understand this:
Bitcoin get bull run go up alot very much ==> Bitcoin retrace. ALWAYS. Not only Bitcoin, any stock do this.
Bitcoin retrace to 0.618 good retrace (retraced EXACTLY here actually).
Below 0.786 oh oh maybe the bulls aren't strong anymore.
After Bitcoin retrace but not too much Bitcoin go up again.
Bitcoin gets bullish pennant on the daily chart after recovering from the noobs capitulation ==> Bull run is size of the flag pole ==> Target is 13k.
NOT because of some deformed Head and shoulders.
Trade active
In the trade significantly with a 4.5 risk to reward.If we go to 9000-9300 I'll buy more lower my average buy price get a better risk to reward and make more profit if we go up.
Asia week starts in 10 hours. It should start moving then.
The week after new year...
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Smhimage.ibb.co/g85Tnc/SMH.png
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If we ignore the "natural" candle, the bear flag would point directly in the ultimate buy zone. Yummy.From Goldbug "I can not emphasize enough that in my opinion active trading corrective markets is risky and one should understand the risk and have tight and skilled money management in place. It is not about being right or wrong but managing your money to minimize losses."

I listen to this guy, this is why I am being careful and only going in *10 leverage (jk I'm *20).
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Magic Poop Cannon losing it lmao.twitter.com/MagicPoopCannon/status/967867794497908737
he changed his twitter background to a bull then to a bear and now he just put a flying poney there :D
The rsi seems to have broken the downtrend, it needs to get above 50 and stay there if we are to go up to higher than 11800 or whatever the previous high was.
Next week is going to be one of the most important weeks for Bitcoin...
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Always keeping an eye on things because I have an addictionMy next buy was barely above the purple line, I screwed up I missed it :(
But I'm already in pretty big it's fine :D
We had a huge bull run from 7800 to 11800 and now we could be getting 9200 to 13200. If we get to 13200 I'll short to 3 targets: 0.382 0.5 0.618 (11800 11300 10800) on Bitmex, trying to get as many Bitcoins as possible there :D
I'm longing it for now on Bitmex (on top of my main crypto account), the higher it goes the more Bitcoin profit I generate while my Bitcoin itself gains value, double win, it is very satisfying :D
Bitmex ++ but not for new people.
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Oh geez I hope he's not reading this.Hey man/wall street, if you're reading this I was kidding when I called you fat.
Your idea of dropping the price so people see this triangle and we go up hard to 13k and then 16k was genius.
You deserve to make these 50% and more.
Good job.
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And buying at 9280+ or on a breakout is aggressive.I even went for option 3 which I call the Full Insane Warrior method.
Hey if I'm right 90% of the time and go for 4:1 RR and neevr go all in I am allowed to go full insane on trades.
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That was brutal.The price is now sitting on all these moving averages that all converged to the same spot.
If we break all these goddam things, the downtrend is going to get ravaged.
Get your helmets on, 10G is not laughing matter.
youtube.com/watch?v=v-rBaT8Srpc (that's the only vid I can find with 10G)
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We have many many positive signs these flags this mornign star, the RSI the volume the ema's, if we close today above 10300 everything will be very positive.And Europe hasn't been this sunny and hasn't had such a clear sky for months, really.
December and January were the least sunny months we had for tens of years, it was very very bad, I forgot how the sun looked liked. And China new year just ended last week.
I don't think it's going to be super hard to get to 13000. The odds look good.
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Boom! Closed the day above 10238 and we now got a magnificent morning star, oh beautiful star, shine, shine bright. Oh shine you will.I must admit thinking about it casually going to a store to buy a phone that costs someone's month salary like I buy a pack of gum feels good.
I love volatility! (Not a call to get greedy and take too big risks)
I love crypto!
Trade closed manually
DANGER DANGER DANGERThe 11600 target (size of the flagpole got reached), now whether we go to 13k or not is 50/50. Could bounce on 10500 could go up from now could not. Too much manipulation in the 9280 - 11788 area (weekly inside bar). Until we leave that area nothing is certain (close to certain).
I'm shorting now and looking at every level.
If we get close to the low of the inside bar I'll long (insane RR), if we go below I'll close my longs at 1% loss and go short.

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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.