[BTC] THE GRANDE FINALE - UPDATE
Updated
Hello everybody!
I hope you are enjoying the summer! It is crazy hot where I live and really humid!
BTC is BTC, up, down, up, down - up down.
Traders paradise in 1 asset! - If you got skills and can control your stone age brain from sabotaging your genius strategy!
What we see on the chart is super simple.
BTC getting ready to go south.
I dont even want to hear 1 bullish word any more - it is over.
The buyers are so weak right now that it is crazy.
BTC stuck below the 4 hour EMA 55 and been there for a week or more - SUPER BEARISH.
And the bounces become smaller and smaller.
IS it possible that btc suddenly OUT OF NOWHERE just goes to 12k? Yes, if you convince billionaires like Warren Buffet to go all in then yes.
If you cant convert the bilionares or 100+ million haters then not really.
And they would not be stupid enough to buy a top or former top.
They only buy the bottom and that is why they are professionals and crazy rich traders/investors. ( minimal risk ) - But they would love to sell ANY former ressistance ( they are dumping right now as we speak! Not buying! Only the retailer is buying right now! )
Remember, crypto is a ALL-IN kind of game if you throw billions at it. It can drop 30% in a day lol. - They got too much to lose. ( and they cant just sell without crashing the price by....30% in a day!!!) I hope I helped you add 1 +1 = 2 =) Because most in the world cant do that (95% cant)
Right now I only care about the EMA 55 and BTC stuck under/just over it. But the RSI/STOCH/MACD is bearish too on the 4 hour. And the 4 hour is the timeframe that will catch this move so the rest dont matter at this point.
Have a nice day and be nice to everybody you engage - it pays!
I hope you are enjoying the summer! It is crazy hot where I live and really humid!
BTC is BTC, up, down, up, down - up down.
Traders paradise in 1 asset! - If you got skills and can control your stone age brain from sabotaging your genius strategy!
What we see on the chart is super simple.
BTC getting ready to go south.
I dont even want to hear 1 bullish word any more - it is over.
The buyers are so weak right now that it is crazy.
BTC stuck below the 4 hour EMA 55 and been there for a week or more - SUPER BEARISH.
And the bounces become smaller and smaller.
IS it possible that btc suddenly OUT OF NOWHERE just goes to 12k? Yes, if you convince billionaires like Warren Buffet to go all in then yes.
If you cant convert the bilionares or 100+ million haters then not really.
And they would not be stupid enough to buy a top or former top.
They only buy the bottom and that is why they are professionals and crazy rich traders/investors. ( minimal risk ) - But they would love to sell ANY former ressistance ( they are dumping right now as we speak! Not buying! Only the retailer is buying right now! )
Remember, crypto is a ALL-IN kind of game if you throw billions at it. It can drop 30% in a day lol. - They got too much to lose. ( and they cant just sell without crashing the price by....30% in a day!!!) I hope I helped you add 1 +1 = 2 =) Because most in the world cant do that (95% cant)
Right now I only care about the EMA 55 and BTC stuck under/just over it. But the RSI/STOCH/MACD is bearish too on the 4 hour. And the 4 hour is the timeframe that will catch this move so the rest dont matter at this point.
Have a nice day and be nice to everybody you engage - it pays!
Note
The Stoch may seem bullish at first and it could be. But what we see on the chart is saying that it will be a rejection on the Stoch Indicator.Note
I use custom colors because my eyes & brain cant work with some colors.Note
We saw a huge green candle yesterday and I got a little scared for a moment but as you see the sellers took over after that move and proved that it is game over. Had it not been game over we had seen BTC at 10k by now.Note
Ok not so huge, decently huge candle :) ( getting weaker)Trade active
Just spotted the bearish descending/downwards trend line =)
Note
And even if the STOCH breaks to the up side the price dont even need to move much as an result. We have seen this the last week or so a lot. Again a ultra bearish sign that the indicators are bullish but price barely move.Note
The thing I love about this trade is that even IF bitcoin would get pumped by a billionare to 11.000 usd we got us a new trade on the other side - long with the target 13.000 and then 20k =)Note
Even the Fear & Greed Index is as Bearish as me<a href="ibb.co/YpGtfxw"><img src="i.ibb.co/qkwRmvV/fear-and-greed.png" alt="fear-and-greed" border="0"></a>
ibb.co/YpGtfxw
Note
Click link to see fear & greed index charted by me. Dunno how to show it other than this way right now hmm. ibb.co/YpGtfxw
[img]https://i.ibb.co/YpGtfxw/fear-and-greed.png[/img]
Note
Everything going after the plan :) 11% in profit with a 5x if you had taken the trade just above 55 EMA a few days ago :)
Note
Hahaha, the whales did a "exception of the rule" Fake move to the up side and now after the dump we are back at where btc came from. Now just 1 rejection from EMA 55 on the 4 hour richer.
Nothing have changed, BTC is going down is my prediction/reading of the chart. Just more bumps on the road because BTC is so close to 10k and retailers are bullish. But it is the whales who matter as we just saw. Also a rejection towards 10k richer and a lower High richer. BTC is going down. Look my other trading idea where you short the retest of EMA 55 for the next idea of mine.
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