Long

Bitcoin (BTC) War between whales

Updated

Bitcoin has had a large candle after we broke through the 6.3k resistance area. There was a large whale who went short below 6k trying to deflate the price, while the exchanges or another whales was trying to pump the price past 6.3k. There was a price stop at exactly 6.3k on Bitfinex as the whale kept selling while people kept buying. We broke through leading to the green you see today.

For now I expect another bullish push before a correction. The H&S pattern could be forming. A ton of shorts are underwater right now, and I expect another bull move to liquidate some of them. We have a bear div forming on the 1 hour so I expect the move to be ending before 7k.

I will be opening a short at 6.8k and max at 7.1k. My stop loss will be past 7.2k.

Thanks for viewing! I'll respond to all comments below.

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I already have a small short open here with the bear div.

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Expecting a downtrend once green cloud is broken, which will be soon.

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If I'm to be unbiased, I expect a move down in the next 4 days. I realize there is a lot of shorts open right now but the short squeeze did not really go to 6800 as predicted.

I'm expecting a further drop in the next 5 hours.

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I closed my short, I think a small rise is possible so just waiting.

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Re-entered short at average of 6409, might wait before closing again

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Expecting bigger drop.

Trade active

Dump happened as I predicted, so far up 2.3%.

My targets are 6229 and around 6.1k

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Edit, dump happened, still unknown if we hold bottom of green cloud.

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Pump to 6300, guess I was right after all. Added to my short at 6330

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If price hits 6330 I'll enter

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Closed my shorts, looks like this might play out

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Might not be it yet, we could still get bought up, which happened the last time we rallied.

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Could get broken down. Sitting in a small short and adding if we drop

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Here is a inverse H&S that is evident on the Bitcoin Futures. Less evident on BTC however.

HD1184K

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