Long

Bitcoin. Evil plan.

Updated

Several supports all in the same region.
There's a very high probability of a rebound if we get to that circle.
Has to happen today or tomorrow otherwise the supports won't be in the same area.
If we go there it will also mean we went down over 15% in 2-3 days with no bounce.

Don't expect the price to drop perfectly in that circle with all the supports waiting to give us free money (my evil plans never happen feelsbadman),
but if it does in my opinion it's a great opportunity to go long idk what target to expect but at the very least bounce a few percent can take profit on the way up.

+++ I have no idea what I am doing +++

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!!! MtGox moved some Bitcoins !!!
!!! Potential FUD news !!!
!!! Risky !!!
cryptoground.com/mtgox-cold-wallet-monitor/
Prepare for the worse...

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Something about this line...

I bet it's going to be a few days till something happens.
I'm too addicted and impatient I'm going to look at forex a bit I think XD

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Testing 0.618 fib.

If it goes up I got these shorting areas:

My bitmex acc is hedged but not entirely, 75-80% so as BTC goes up I'm unintentionally making money xd

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I can't tell which one is the daily and which one is the hourly.

"People put their money into usd in times of fear"

I don't know if the USD moving hard has a big impact on BTC or not.
Haven't checked. Too lazy :)

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Aaaah ok because you asked nicely.
There definetly was a correlation last months, until mid April...

Can the people buy Bitcoin with all their new usd?
Or BTC fomoers go fomo on usd?

Or the past dozen correlated moves was just a coincidence.

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Levels I'm looking at if we drop a hundred+ more

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It's falling fast! What's going on! Rofl.
I blame George Soros. He crushed the bank of England by himself (en.wikipedia.org/wiki/Black_Wednesday) and now he joined crypto which is a bursting bubble.
He's going to destroy everything XD

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Uptrend is lost for now.
We lost the higher low on 1HR chart which signals for me a lower high set on 4HR/Daily (9767 ==> 9381)

Of course still possible it jumps right up that's the 5% TA can't "control".

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Wtf happened? I was chilling in bed ... Lol what the hell I just checked the chart

On 0.618 of that move since 2 days ago I think ~ more or less and 15 min rsi oversold.
Still above 8650 which is a long way down.

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0.0
Going to light a candle for BTC to get there.
3 fib converging same point + MA50 agagagaga probably there's even more.
Naaah that's just too much , c'mon be nice give me a long entry here.
Magical. If it goes up it is also magical with everything perfectly correlated illuminati style.

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Go up = short. Go down = long.
Go small and scale in bigger and bigger, just look for a few % gains that's how I do it.
Not like most people that chase shitcoins and not satisfied with 100% and they "totally 100%" haven't been losing money in the past months, they just kept taking 100% and more. They're all billionaires now right?

Up around 11300 (something like that) I'll open a swing trade thought looking at 20% and more (I'll take profit along the way).

If we reach 11 or even 13k in early-mid June I'll short aiming at 40% :p

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Prepare your short orders boys.
Let's all shill Bitcoin so people buy and it goes into that circle.
On a break of 9900$ resistance hype and FOMO can push the price into that lovely circle.

This market is huge, daily volume more than NYSE (might have just been bots the past month, but before that it wasn't for sure back in december january), lots of private investors playign with their life savings, many corporate too are in, and they are mostly bad.
Bitmex regularly sees positions for 10MM get liquidated, and that money is all ours to take.

Don't be too greedy scale in wait to be really close to the very top for the big orders as to not risk too much, and if it doesn't go that far you still make money since you scaled in, just not as much, but risk is virtually inexistant.
That's my strategy.

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...

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Going down fast

The area where to go long hasn't really changed.
We might get there soon.

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The circle does not exist anymore, but the rest is still around, and the 8000 area would be a great place to long.

We started going down and are bouncing right now.
Going to take a while to get to 8k of course, always.

There's no way to tell if we form a lower high (lower than 9990) or go to 11k in the next days/weeks.

Ah I think I will short a bit there, but just a bit, and still short alot above.

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No more circle no more evil plan, but the area is still very good to long, especially now we're starting to be way oversold, as long as you ain't greedy and scale the right way.

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So, we know there's a support area around 7800 and looks like we're probably going there. But where to buy exactly? How to scale in for "normal" people that don't all in at once, how big to go in etc.

First of all we know that:
Weather bad in Paris now for 2 more days, and become bad in Germany in 2 days (we send them our bad clouds)
Weather bad in New York next 7 days
Chicago awful weather next 7 days
Los Angeles decent weather next 7 days (maybe some bulls there to buy the dip and let traders go long make a quick profit :p)
Shangai Sun/Rain/Storm alternating.
===> We should be rather bearish newt week.
(Just typed "Whatever city" weather forecast in google).

We also have low RSI.

Let's look at what happened last time we had a double top (double top = less than 3% difference & at least 10 days between each top)

And now:

MrRenev

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