BTCUSD :: Meet the 1 2 Knockout - No Moon Tonight
Updated
100 MA has just slapped BTC right in the teeth as it cracked the top of the pennant. Will it make it to the 200 MA? It's also converging with the Gann fan 1/1 S&R line set at the pinnacle of BTC price.
The MACD has also crossed on the 1 hour, heading for a 4 hour cross.
It's gonna be brutal.
20/50/100/200 MAs. Right now BTC is meeting Mr. 100 and not far to go if he goes through the 20 he meets with the bearish side of it's bullish Gann Fan and from there should smash the 50 at which point the bottom becomes a very long way down indeed. BTC, btw, has never been below the 200 until Feb and never back above it.
No moon tonight.
The MACD has also crossed on the 1 hour, heading for a 4 hour cross.
It's gonna be brutal.
20/50/100/200 MAs. Right now BTC is meeting Mr. 100 and not far to go if he goes through the 20 he meets with the bearish side of it's bullish Gann Fan and from there should smash the 50 at which point the bottom becomes a very long way down indeed. BTC, btw, has never been below the 200 until Feb and never back above it.
No moon tonight.
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This period is called "jerk the price up and hodl until the order book fills back up.. get them last little bull nuts".Note
(image) Alternate MOON trajectory increasingly *possible*.. but 5B$ just left the market..Trade active
I'm still no moon guy.Trade active
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Just about hammer time. Any and every way I look at it subjectively, the odds are heavily stacked against poor BTC.. The double bump at the end of the CCI (bottom oscillator) should send it pretty quickly to the other side (knee jerk), a distinct lack of excitement at this point.. the order book is taking a long time to move up after each little batch of sales and it's getting clobbered by the 100 MA well before reaching the 200. And the MA on the volume is about to hit the floor.IMO, one of the exchanges has been artificially killing shorts (ie; it's their web site they can take your money any time you're willing to risk it) which is having the same impact on price. I'm sure this exchange will post a very fine start to Q2.
BTC. You're gonna have a bad time.
Anywho, more bearpaper!
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Grab your TP and some new drawers.Note
Bulls Trap Themselves - Read my comment & chart @ like 4/21/3am-ish..Note
Nothing to see here, perfectly normal.. move along, move along.Note
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Stop loss popping bots! Look at the L&Ss dropping like flies.. mine's still open :xNote
Well, it took a moon shot.. and got swatted. I set my stop loss slightly above the current last little bump in this slid.. and slid some more. There it had a longer, lower bump so pretty confident they will not get triggered.If they do.. going to the moon with egg on my face..but at least I'll be there. :D
Trade active
Bitcoin Blood Moon trading zone!! Don't lose your shorts! It's a long way to the bottom, get some profits (or regain losses?)! DO NOT keep failing on your longs & shorts! Don't you see that every time you open a position, you get b*tch slapped? Then a quick teaser and back on to the trend! Try again right? Just don't get popped every other candle, duh! Find the S&R target and anticipate a little ride on it.. but honestly. There is not much life left in this party, that's for sure.
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