BTC Fishing Bottom
Updated
- After all this FUDS over time, right now it's literally impossible to calculate a potential real bottom.
- Basically you can do TA all day but if Bad News (Fed) and FUDS (Cryptos) are constantly incoming on Twitter and Google everyday, nothing will work.
- Some news are real like FTX Rekt but some influencers use more fake news to create panic, they want buy BTC cheaper before the next bull run. it parts of the game.
- Have to remember for the numbers : Luna crash caused 40-50B$ hole in market (Anchor Protocol was huge), FTX was around 10B$.
- imho the real bottom was in at 17.5K$. Right now BTC made a bounce around 15.5k$ but one think that i know is : There's absolutely nothing in this area. No support. No consolidation in the past years. Nothing. Zero!
- There's not many roads right now, or we bounce with a magical pump to fake everyone, or we dip to 13.5k - 10.5k.
- if a mid season bull run starts, wait for BTC walk away from the bearish trendline. Wait for a breakout (21,5k$) and a strong weekly candle closing upper from that price.
- i really recommend you to stay outside markets for now.
- The best strategy right now is to DCA Buy with strict prices zones orders.
---------------------------------------------
Resuming
---------------------------------------------
Bear Mode
---------------------------------------------
Buy zone 1 : 13500$ (25% of capital)
Buy zone 2 : 10500$ (75% of capital)
---------------------------------------------
Bull Mode
----------------------------------------------
Buy Breakout : 21500$+
----------------------------------------------
TP : 47000$ ( don't try greed more )
---------------------------------------------
We learn from failure, not from success
Happy Tr4Ding !
- Basically you can do TA all day but if Bad News (Fed) and FUDS (Cryptos) are constantly incoming on Twitter and Google everyday, nothing will work.
- Some news are real like FTX Rekt but some influencers use more fake news to create panic, they want buy BTC cheaper before the next bull run. it parts of the game.
- Have to remember for the numbers : Luna crash caused 40-50B$ hole in market (Anchor Protocol was huge), FTX was around 10B$.
- imho the real bottom was in at 17.5K$. Right now BTC made a bounce around 15.5k$ but one think that i know is : There's absolutely nothing in this area. No support. No consolidation in the past years. Nothing. Zero!
- There's not many roads right now, or we bounce with a magical pump to fake everyone, or we dip to 13.5k - 10.5k.
- if a mid season bull run starts, wait for BTC walk away from the bearish trendline. Wait for a breakout (21,5k$) and a strong weekly candle closing upper from that price.
- i really recommend you to stay outside markets for now.
- The best strategy right now is to DCA Buy with strict prices zones orders.
---------------------------------------------
Resuming
---------------------------------------------
Bear Mode
---------------------------------------------
Buy zone 1 : 13500$ (25% of capital)
Buy zone 2 : 10500$ (75% of capital)
---------------------------------------------
Bull Mode
----------------------------------------------
Buy Breakout : 21500$+
----------------------------------------------
TP : 47000$ ( don't try greed more )
---------------------------------------------
We learn from failure, not from success
Happy Tr4Ding !
Note
one of my older post confirmed that 21.5k$ was a crucial zone.
Note
i will update potential breakout buy zones according to the best of my knowledge and BTC movements.Note
Demand zone starts from 19k++ , Developing Value Area max 50k. Keep this in mind for future bounce.Note
- Using Binance futures (USDT) to check out volumes (Biggest)- Using Coinbase or Kraken to draw (less Noise on candles).
Note
deformed cypher pattern.Note
Trade active
Aged well.Trade closed: target reached
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