Long

Updated

Bitcorn to 60k

I'm sick of seeing 30k retest theory everywhere. Endless cycle theories and everything...

You know what we don't have? A huge mass of people who wants to buy now. People who wanna hold their long no matter what.

So to bring some balance I say:

Buy now, sell around 58k-62k.

Note

To call this Wyckoff distribution you should be completely ignorant. I'm sorry. Because I see that a lot too.

Note

Omg see how bearish we are. The ultimate distribution bro :P

Note

We'll need to slow down. Retrace. Don't freak out. They'll short more.

Note

BTC today be like:

youtube.com/shorts/IeufA7ZBPvI

Note

Look at this little thing. Where would it take us down? Volatility for ants? Macro trend reversal are not easy like this.

Note

Distributions and accumulations are made from volatility. Macro volatility. This is for ants.

Note

Like these. This is just strong bull trend. Accept it, your life will be easier.

Note

Who would like it if BTC just trades in this fashion? I'd say not many. Let's hope not. Just a thought experiment.

Note

Maybe alts would like it? Let's hope so?

Note

Does it look like crazy or realistic?

Note

Did you short 1h deviation or what? Corn got angry.

Note

Every 2% level is a major resistance if you ask bears. This PA is a great way to make people short all the way up while you accumulate more.

Note

That's why we like to see creeks in reaccumulation ranges. It'd be nice to see a bigger one in the coming days.

Note

Some longs are closing here. That's understandable. Shorts are still confident. That's not exactly understandable.

Note

Round 2?

Note

Who feels like it's about to crash? I feel like the fear is still there alive, like the day I published this idea.

Note

If we fucked with triangle players enough, lets pump it up lmao.

Note

A couple of more liquidations and come back to the consolidation area? Yeah that little triangle might be a hint where to come back if it's gonna do what I've been talking about.

Note

Would be nice to see alts move in the slow retracement phase. If this trend to 58k+ will happen, I'm not expecting Bitcoin dominance. Watch ETHBTC for that reason which is trying to build an uptrend.

Note

I mean it's a mess atm but we'll see.

Note

If we are gonna only talk BTC weekly, it looks like this and you are shorting it. I mean, I have nothing to say to you.

Note

I was told this was a head&shoulders pattern. How unfortunate nothing works in this market :P

mitsandwits

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.

mitsandwits