something is cooking!
Updated
there is some strange stuff in the markets, here is my current bitcoin idea. make sure you have 50% of your capital in usd or real fiat. good luck with this next move, I think it will make people say, 'I did not see that coming', but you are ready, because you have this chart. good luck.
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this is like my xrp idea, which I shared in private groups, it is neutral and waits for breakout. we waited for xrp and bought at 30 cents, did anyone mind buying a little over 25 cents, I don't think so.Note
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I think it will make people say, 'I did not see that coming' remember that time I said that?Note
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we are very lucky, in the usd charts we are either in a very strong support or resistance zone, but in the usdt charts we are below a very strong resistance zone, so it helps us to decide to take the short trade here, with a good rr. watch out for bitmex if the whales decide to trick us, but stops can be tight, if you decide to short, you are doing it in the annual support, while twitter is bullish, so I always think it takes a strong belief in your ideas to go against the crowd, and whatever happens, it is a sign of a strong character. good luck please don't get rekt, use capital management and stay in the game! This idea is full of risk, its crazy to short the annual support, but I belive it is likely we are now in the annual resistance zone, we will know very soon anyway. I do no ttrade news, so words like baakt and etf are useless against me.Note
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I didn't see the divergence on the daily timeframe earlier! makes this idea one that shouldn't really be traded, luckily it is currently below entry. don't know how long btc can go sideways for, but maybe forever? it seems unlikely but maybe BTC can go $100 higher to about $6550, there was a time when that wasn't a big thing, lets see how it plays out, I won't be updating this idea again till Sunday night anyway. in my opinion this is around the top, but due to the low volatility its pretty hard to tell. you don't have to force a trade, its ok to just keep trading alts, but at this stage its time to lock in profits, not hunt for the next pump.Note
Last update, my SR zones do suggest this is the top though.Note
target reached, btc is in the supporting zone now, but has formed an overhead resistance, it will take time ot see whether 6100 holds, possibly it could be 3 days? hard to say, for now i am under bear market capital management, using only 20% of my capital to trade with tight stops, will wait for a better looking chart till I use more capital for trading.Note
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now we are in the shorting area for the range trading strategy, if 6500 holds as good support I wouldn't short it, bu tfor now thats what it is, short it up to 6800, then if it goes any higher, its time to rethink your trade. but for now I see the highest probability a breakdown, so keep shorting the top and longing the bottom. risk free strategy: long the bottom, TP half, at the top, hold the other half with stop at entry, short the top with equal capital, SL above the 6800 region, then keep doing it till one trade is stopped out and the other trade goes to the moon. thanks @eyopium Trade active
Broke down see the idea I'm about to update.Note
target reached WTF! hey bitcoin, bounces are ok.Note
some people weere saying where did all the bears go blah blah blah, I'm the best I talk a lot. well they are just not top of tradingview. maybe its better to not be on the front page.
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