Bitcoin, when moon?

Hello all,
Here she is, Bitcoin STRONK! when moon?

Will update in comments as this is a fast entering

Trade active

Thanks to 🚀MSTS🚀 again, I closed my $6960 short at previous supply zone.
- after a strong rejection of the 4H golden cross, the retest and rejection of the 4H death cross all was poised for Da dump. Bitcoin played us like a fiddle.
-We were breaking out of the descending channel for 10H, but the price action simply did not feel right, we never based on the 4H 200 EMA and price was stagnating with several divergences showing.
- she might still be playing us, that is why we should have a SL for this one.

-The Bollinger bands where contracting in what first looked like an simetrical triangle that transformed into an bullish flag

-We had an Inverse H&S printed on the RSI which tested the EMA and got rejected, more bullishness.
-If the next 4H candle closes near where it is right now we will be very close to the critical bullish zone on the RSI.

-We based of the 0.382 Fib on the Weekly, which happens on very strong trending assets!!!
- printed an incredibly strong signal on the 2D (which needs to be confirmed by tomorrows close)
- the 2D 55 EMA lines up PERFECTLY with the macro distribution channels ascending trendline.

Plan is to FOMO in xDD and sell the 55 to reassess, if we get a rejection wick on the 4H refer to my previous idea LOL

As I like to state, let's not predict the market but react and stay PROFITABLE!

Note

Forgot the inverse H&S

Note

I now dislike this trade. Need to sleep, hope SL doesnt get hit, but I am now confident it will, which opens the chance to short at a great level as it will confirm the divergences in the 30min 1H and 4H. SL and Stop sell set, will try to stay for this one.

Note

-A: We are kissing major resistance, volume should come soon to either side;
-B: We bounce between the major resistance, the 0.5 Fib/ 4H 55 EMA / 4H 200 EMA with low volume and then trend in one direction

Note

-4H Stochastic in freefal
-4H RSi rejected from MA

Note

- 2H RSI rejected from open and close above MA
- Stochastic are bearish
Hedged myself and the plan is the same, while we hold the 4H 200EMA at 6.990$ not going net short

Trade closed: stop reached

deciding on closing the rest of my position here, at a loss

Trade active

We just broke major resistance! Road to $7.800-$8.000 is open. happy profits

Trade closed: target reached

Note

Closing above the orange line would make me go for another scalp.
Closing above the 2D 55EMA would make me switch my longterm bias, to be confirmed by reation above 2D 200EMA

gazur

Welcome to my trading journey! I'm a passionate trader fed up with fake gurus and misleading strategies that lead many new traders astray. Here, we focus on breaking the cycle of mediocrity by thinking outside the box.

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gazur

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