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idea

not financial advise. charts are for my own record keeping only.

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also , I dont know when this move might happen, It might take a week or two weeks..Not really good at time analysis. But i think a fair starting point would be seeing if the ~8500 level break with volume - that would be a indicator of price continuing back to re-test the month long trendline

Order cancelled

Incredible price action.

This idea is on hold till price goes below 9k again.

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Actually there is bearish divergence on lower tf's. Im not gonna be too bullish around these areas to be frank.

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Although i FEEL price is putting up some sort of a topping formation here, I need to see confirmation. I am not into catching tops and bottoms of market movements. I want to guess which way the market might move and hop along in the ride once it starts.

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Long term chart.

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Still waiting here...

I am neutral here.

Will flip bullish if price takes out the red zone on this chart

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These are the crucial levels for bulls. Light blue is for middle term trend,

Green is for long term trend.

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In position? No.

Am i trading the break out? No.

Breakout trading is a dangerous game to play. I will patiently wait for an opportunity for the trade - which means not getting involved in impulsive ideas.

Order cancelled

But i gotta say the volume on this break out has been impressive. Could be signs of bigger things to come.

For a setup - i would wait and see if the weekly candle closes above 9600 - if it does, I have no doubts about this rally. Till then ciao and praying btc wont break back below 9500 cuz i HATE sitting through bear markets.

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Price is inching towards 9500 slowly, as i said i dont trade breakouts and wait for right moment.

I am dca'ing and buying long near 9500-9600 area. Idea is invalidated if price breaks 9400 region.

Good luck everyone! I hope this is end of bear market, But i am still cautious as long as price stays below 12,000.

As of now i am hoping 9500 will hold as support..But weekend movements are erratic and risky! Hope the above chart is useful if you see it!

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Trade also invalidated if weekly closes below this line.

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Its very close now. Decision point is now. Break below here would be very bearish imo. I am hoping this holds.

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went long at 9500, also inverse h&s!

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If this goes back to test 9500..That would still be a buy. As long as price holds above 9500 area on the 4h charts..

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Took half profits at ~9780 .

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reason for taking profit, I purchased at ~9550 area, Move already was ~3% happened, getting back to previous highs near 10k is just 2%. So took half the position..we will see what happens ..price could come back and test 9.5 again..

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Annnnnnnnnd nuked. fuck. no bull market if btc closes here on the weekend. lost a bit on that drop fuck.

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and god damn. gave people no time to exit on break of trendline as well. just straight up nuked int 15%. bulls rekt.

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Ok ASSUMING WE GET NO MORE CRAZY 20% moves. This is my plan.

ONE BIG THING IS FOR THIS PLAN TO BE VALIDATED I WOULD LIKE TO SEE WEEKLY CANDLE CLOSE BELOW 9500!

I AM NOT GOING TO BE BULLISH AS LONG AS PRICE IS BELOW 9500.

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Best short area is 9500.

Second best area to short is if we get pull back to 9200.

Or wait for break of ~8600 and go full on short.

I have very small short position now. I will add to position BIGTIME if 8600 falls.

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Something like this would frustrate a lot of people.

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Lower tf levels to be aware of.

As you can see price now is between the red and green vwap lines i have drawn.

This tells me from lower tf that

1. A pull back to 9200 is still possible.
2. If price breaks below 8600 - its good night for bulls.
3. If price reaches 9k+ levels again it would be a short.

I will be trading off of these lines only for next few days.

Remember if 8600 breaks - sell.

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As you can see price is now back above 8600 which is telling me that it will contiunue higher i exited my short. and am now targeting ~9200 if 8800 falls.

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im still bearish bias if 8600 breaks again i will short but till then waiting

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Need to break above 9400 for me to bulliush

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i have small short from 9150 will add short position if 9400 gets tested...take off position if 9400 falls.

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lower tf levels are very choppy :[

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needs to break below 8500 with volume. Its the crucial intraday level to watch atm.

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Ok 8.9k - 9.2k is strong resistance now. If price is bearish i doubt it will test 9.4 again.

Although you can scalp this market for longs, If you are playing swing trades shorting is the way to go atm.

8900 is very strong resistance for me. I will be looking to add to short position from 8900 to 9200 area if it gets there , And using 9400 as a crucial deciding area.

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8.9 - 9.2k area strong resistance keeping the weekly chart in context ofcourse.

Price can go higher..I dont trust the trendline i have drawn on the 30mins chart just yet.

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price seems close to breaking trendline

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im basically not interested in any long setups here. Just looking to short any rallies.

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but just maybe if price closes above 8950 on the hourly might be interested in a long scalp

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gogo time

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lets see how far it goes this time.

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done with the scalp long. now looking to average shorts 9.1 - 9.5.

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Closing above these levels would invalidate.

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not long just on the side watching pa atm.

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Waiting for weekly close here for longer term bias.

Crucial trendline to watch.

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Markets around are super volatile and needs to break below 9500 level on the daily!!!!!

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again the same thing. Ideally breaks down below 9400 for a short. I am not looking to go long over the weekends , Maybe if price manages to hold above 9550 on monday i might look for a long, But for now, bias still bearish and looking to short any possible signs of breakdown here.

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Aint gonna lie if price closes here by the end of today, 10.5 would be next. But it has to close above 9600 on the daily today.

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till price breaks below 9400 no need to be super bearish.

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am short from 9400.

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sorry guys havent been able to update on btc as much im daytrading stocks as well preferring swing trades on btc,

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Took profits

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