i have confidentially added long positions this past week and id like to share why ...
reasons for entry we have had a beautiful squeeze of a bull flag slowly falling to the daily golden fib zone and the 16k to 75k 0.382 fib zone , but my main interest in this chart is that weekly bullish doji with extremely high volume one of btcs highest weeks for volume. from my experience as a trader seeing a big bullish engulfing volume node from bear week to extreme bull week with that slicing of the cake of a doji candle in a nice area for one as it hits both fibs and goes lowest its been since February causing etf buyers to be back to where they started in the 40-50k level. many people would class it as cheap , ii know i would may feel disastrous lately but its strange how i seen everyone at 70k and above saying "if we go below 60 I'm buying more " if we go below 50 I'm selling my house to buy more " my point being don't be that person who forget how they felt at overbought levels wishing they could get this beautiful chance to buy , ofc u might be thinking but why don't we wait for the golden fib zone from 16k to 75k which is roughly 30-40k area , my answer is simple , I've seen a nice opportunity and i don't want to miss it , for finance reasons and mental stress , as a wise man once said id rather be a bit early then a bit late from my analysis its very fair to say this could just rocket very very soon un expectedly and I'm not prepared to miss it.
Why am i so bullish and not neutral/scared ?
The reason I'm so bullish and not even worried yet is because in my views there's no concern at all to me until we pass all time highs again . some traders would say "no we have trapped bulls and were in a bear market "
My response being really ? u really think its the bulls who are trapped and not bears who will be trapped .. i would never even consider bull trap until 75k levels since id like to see similar to last bull runs price action. We hit around 64k hit extreme fear and greed and then shot back up to new all time highs to 69k , now while everyone's worried about who's trapped in a simple manor , we went down and people saw a buy opportunity as we all should, of course this is why I'm not even worried about being "trapped" till we make a clear Break of structure above 75k maybe once we done that it can be time to be cautious take some profits set stop looses whatever your ways are.
as you can see from my analysis i trust it all with fibs order blocks and gaps with trendlines and key levels to hold. you can see my very bullish arrow leading to 100k spring that of course is best case scenario as a rocket could appear , my not so bullish view is the other arrow path showing we could copy last bulls runs pa making a new high getting stuck at a my pitchfork / channel which would be around 80k which ofc is possible a lot of people may want to take partials and buyers get less interested there leading to end of bull market and start of bear market.
thankyou for taking your time to read my thoughts very much appreciated i hope i helped in some way :) feel free to message me , like , follow whatever as u please !
good luck traders
reasons for entry we have had a beautiful squeeze of a bull flag slowly falling to the daily golden fib zone and the 16k to 75k 0.382 fib zone , but my main interest in this chart is that weekly bullish doji with extremely high volume one of btcs highest weeks for volume. from my experience as a trader seeing a big bullish engulfing volume node from bear week to extreme bull week with that slicing of the cake of a doji candle in a nice area for one as it hits both fibs and goes lowest its been since February causing etf buyers to be back to where they started in the 40-50k level. many people would class it as cheap , ii know i would may feel disastrous lately but its strange how i seen everyone at 70k and above saying "if we go below 60 I'm buying more " if we go below 50 I'm selling my house to buy more " my point being don't be that person who forget how they felt at overbought levels wishing they could get this beautiful chance to buy , ofc u might be thinking but why don't we wait for the golden fib zone from 16k to 75k which is roughly 30-40k area , my answer is simple , I've seen a nice opportunity and i don't want to miss it , for finance reasons and mental stress , as a wise man once said id rather be a bit early then a bit late from my analysis its very fair to say this could just rocket very very soon un expectedly and I'm not prepared to miss it.
Why am i so bullish and not neutral/scared ?
The reason I'm so bullish and not even worried yet is because in my views there's no concern at all to me until we pass all time highs again . some traders would say "no we have trapped bulls and were in a bear market "
My response being really ? u really think its the bulls who are trapped and not bears who will be trapped .. i would never even consider bull trap until 75k levels since id like to see similar to last bull runs price action. We hit around 64k hit extreme fear and greed and then shot back up to new all time highs to 69k , now while everyone's worried about who's trapped in a simple manor , we went down and people saw a buy opportunity as we all should, of course this is why I'm not even worried about being "trapped" till we make a clear Break of structure above 75k maybe once we done that it can be time to be cautious take some profits set stop looses whatever your ways are.
as you can see from my analysis i trust it all with fibs order blocks and gaps with trendlines and key levels to hold. you can see my very bullish arrow leading to 100k spring that of course is best case scenario as a rocket could appear , my not so bullish view is the other arrow path showing we could copy last bulls runs pa making a new high getting stuck at a my pitchfork / channel which would be around 80k which ofc is possible a lot of people may want to take partials and buyers get less interested there leading to end of bull market and start of bear market.
thankyou for taking your time to read my thoughts very much appreciated i hope i helped in some way :) feel free to message me , like , follow whatever as u please !
good luck traders
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.