Surprise? probabilities...
Updated
So was I surprised by this 800$ crush? were you surprised? if you followed my ideas so far then I guess not...
- We hit again and again into the 4h cloud resistances which included sma200 and ma200, we created many strong resistances...
- Bulls had 1 last chance (Like I called on my last idea: tradingview.com/chart/XBTUSD/80kB0hLj-Are-we-really-see-a-reversal-this-might-be-bulls-only-chance/) to prove themselves that they can break these resistances, and for a moment there I even had hopes for them (Thus I didn't give signals for you guys even though I did enter shorts at the resistances again), the buying power was growing, the bullish volumes were growing and created highs, I seen so many groups and people call that this is going to be the big shot up.... and yet? they barely could handle with the first resistance, and not enough volume buying power to suppress it all...
- There was no where to go anymore but below the symmetrical triangle - the bears won this round.
Now don't get me wrong, we are still not in full confirmations that we are going down... after all even the descending triangle which we are going to test soon can still be valid for consolidation for 3 facts:
- Descending triangles if they don't break down after 3-5 hits at the bottom, it weakens the descending pattern and making this 'floor' a very strong support.
- Descending triangles if they don't break between 50-75% of their entire length, it not only weakens them but also shows a reversal pattern in the investors mood. which means we might create even stronger push up..
- Descending triangles, if the bullish candles are beginning to be more active then the bearish ones around the 50-75% of the triangle length, it means that we are heading for a very strong bullish pattern on which the bulls consolidated enough money to break the shit out of the market up...
So what are our next probabilities?: #currentprice#9660
1. Bullish: we can enter now at 9600-9700, and wait for the little pullback until we gonna test the symmetrical resistance again (The longer it will take, the more resistances from the triangle will interrupt and make it even heavier for them to push above it).
2. Bearish: we can enter now at 9600-9700, as so far from many aspects (TA/FA/SA) it looks bad for the bulls in my perspective and due to previous ideas such as my bigger picture:
(Which for some reason Tradingview lagged some of my lines there ^_^, sorry if it's a bit off, but it works out so far)
3. The best idea is to wait for 2 things:
- More confirmations, like closing weekly/monthly on Sunday, which will tell us much more where are we heading...
- More confirmations such as breaks of the resistance from the symmetrical bottom to go long, or break the resistance of the descending to go short...
* I personally gonna try and either long if we pass 9700
entry 9710
sl 9600
tps: 9920, 9970, 10130, 10160, 10260 and I will have 10% left to run more until I feel enough is enough...
dont forget to move sls accordingly to profits..
* Or short if we pass below 9600
entry 9690
sl 9700
tps: 9300, 8800, 8300, 7800, 7300 and I will have 10% left to run more until I feel enough is enough...
These signals are valid for until sls hit, or until I will update otherwise.
Good luck <3
- We hit again and again into the 4h cloud resistances which included sma200 and ma200, we created many strong resistances...
- Bulls had 1 last chance (Like I called on my last idea: tradingview.com/chart/XBTUSD/80kB0hLj-Are-we-really-see-a-reversal-this-might-be-bulls-only-chance/) to prove themselves that they can break these resistances, and for a moment there I even had hopes for them (Thus I didn't give signals for you guys even though I did enter shorts at the resistances again), the buying power was growing, the bullish volumes were growing and created highs, I seen so many groups and people call that this is going to be the big shot up.... and yet? they barely could handle with the first resistance, and not enough volume buying power to suppress it all...
- There was no where to go anymore but below the symmetrical triangle - the bears won this round.
Now don't get me wrong, we are still not in full confirmations that we are going down... after all even the descending triangle which we are going to test soon can still be valid for consolidation for 3 facts:
- Descending triangles if they don't break down after 3-5 hits at the bottom, it weakens the descending pattern and making this 'floor' a very strong support.
- Descending triangles if they don't break between 50-75% of their entire length, it not only weakens them but also shows a reversal pattern in the investors mood. which means we might create even stronger push up..
- Descending triangles, if the bullish candles are beginning to be more active then the bearish ones around the 50-75% of the triangle length, it means that we are heading for a very strong bullish pattern on which the bulls consolidated enough money to break the shit out of the market up...
So what are our next probabilities?: #currentprice#9660
1. Bullish: we can enter now at 9600-9700, and wait for the little pullback until we gonna test the symmetrical resistance again (The longer it will take, the more resistances from the triangle will interrupt and make it even heavier for them to push above it).
2. Bearish: we can enter now at 9600-9700, as so far from many aspects (TA/FA/SA) it looks bad for the bulls in my perspective and due to previous ideas such as my bigger picture:
3. The best idea is to wait for 2 things:
- More confirmations, like closing weekly/monthly on Sunday, which will tell us much more where are we heading...
- More confirmations such as breaks of the resistance from the symmetrical bottom to go long, or break the resistance of the descending to go short...
* I personally gonna try and either long if we pass 9700
entry 9710
sl 9600
tps: 9920, 9970, 10130, 10160, 10260 and I will have 10% left to run more until I feel enough is enough...
dont forget to move sls accordingly to profits..
* Or short if we pass below 9600
entry 9690
sl 9700
tps: 9300, 8800, 8300, 7800, 7300 and I will have 10% left to run more until I feel enough is enough...
These signals are valid for until sls hit, or until I will update otherwise.
Good luck <3
Note
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Hedgehog King!
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Guys, if you followed my idea, then my last signal #currentprice#9660 didnt go above 9700 when I posted this... but we did go below 9600... I know I said that first tp is 9300, but I do suggest to lock in at-least 15% in profits now at 9455 (just in case)..also move sl to 9642 (instead of 9700)... we still might go hard up, thus I prefer that you guys be safe with profits..
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Ok guys, atm BTC is uncertain, thus I prefer to wait for weekly/monthly closing candle on Sunday and see how Monday will react...You have 3 options with the signal "#currentprice#9660":
1. Either close now at 9488 with nice profits from 9690 (or wherever you guys took short above it), this way you gurenty yourselves a nice small profit of 200$ movement...
2. Or you could do what I do and stay default as per my last update which was taking 15% profits at 9455, and stay with sl at 9642...
3. Or you could take 50% profits, and move sl a bit higher (still in profit levels)
Remember, I also prefer to take small profits just in case if we didn't hit my TPs on momentum, it's always important to take profits, and always important to be safe by moving sl accordengly after you entered positions... I might no have updates during this comming week, but we had V nice ride this entire month, with around 14 nice signals which each gave us profits (Exept for 3 which got stopped with V small lose)...
I hope you enjoy my thoughts and have a great weekends guys, stay safe.
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Update: #currentprice#9660price now at 9439
Due to my last idea:
I'm afraid we might go up very hard, this I want to protect the profits more...
so:
TPs took: 15% at 9455
TP now: 10% at 9435
SL move to: 9561
Trade closed: stop reached
Late update for signal: #currentprice#9660 price now at 9625
TPs took: 15% at 9455, 10% at 9435
SL hit at profits: 9561
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