Wyckoff "Return To Normal" Bull Trap in effect on BitcoinThis is a classic Wyckoff "Return To Normal" market cycle in action. Don't try to buy the pull backs. You will just get destroyed in the process as it quickly moves against you when it starts. My ideal area to short is at the mean area marked by the yellow flag.
I am prepared to short sooner. I wish you all the best. I hope it works out in your favor.
Bitcoin-short
BTCUSD: Aiming in by using Data On Previous EngagementsIntroduction
Bitcoin continues to take a beating and I am producing different styles of charts to reach different styles of investors and traders, hoping to show them something in a system they recognize. I have done divergence on indicators, I have use bollinger bands, I have done volume analysis, everything I can to help. This is to help out the moving averages traders. See my linked ideas if you want some more confirmation.
This takes a wide shot of the 100, 200, and 400 daily EMAS because they have historically been shown to be very useful in these situations. And because I never like to pull a trigger on patterns or Moving averages alone (I usually like divergences to back up my charting) I have an indicator that has proved useful to show where BTC is a value buy. The NVT is network value divided by transactions and due to the color bands provided by aamonkey we can see generally where NTV is expensive and where it is cheap.
Current Scenario
As it stands price action is in a triangle and hanging onto the 100 EMA and very well maybe consolidating for its next leg down. The charting does permit some more sideways action but with the totality of the macro environment and the negativity in the news I think sentiment is going to be enough that hands get weak and look to buy a dip.
We have a lot of chances to swing trade BTC over the next couple of months, and that means a lot of chances to get reck'd if you forget the bigger picture. And part of that bigger picture is to not forget the orange and purple trendlines. In 2018 the purple trendline acted as a slide while price action took months to form a falling wedge and if you thought early on that previous resistance was now support your gains would have slid down along with price for months until you saw the wedge form.
Persistence 😈👨💻#SlayOn
P.S. Prepare Yourselves 4 Pride Obliterating Price Discovery (Not Advice Just A Delusional Ding,Ding) 🤤
#TheyBuyLambos 😂 #lambo? All this time I have been saying #LandThough 🏞🏠🏘 LOL
What are your thoughts? Is it bad that people like to realize gains say "Cool! More Dollars now!" Or am I really the only person that's down to pull profit and even short a lot??? LOL No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO" Bra
Right now me and Dollars are cool even though everyone hates them and I am all good with for cuz up north CAD and EUR I can't exhaust hating everything but 🤷♂️ ANYTHING! Nothing is Promised Don't Be Mislead.
"KEEP CALM AND MANAGE THY RISK!" 🤓
I am The Coin SLayer 😈👨💻
BTCUSDT .Bitcoin really need to take a restBitcoin has already touched all it's Fibonacci targets ,
and it's going to fall for a couple mounts. (my opinion)
I think if bitcoin rise another time,
(70k ~ 75k) will be the last ATH for this year.
Just please control yourself and don't buy at high prices.
Short targets :
50k 40k 30k 25k
Stop loss:
60k
Keep in profit.
BITCOIN could touch 45000? or fly from 52000?this idea is for 19 april class short term
after big dump on april 18 april our view from Bitcoin had been changed
for short term my scenario is this chart it could touch 52000 and this zone pump it
but it could break the zone and move for 45000
pay attention! its still Bullish in mid term
Food for thoughts 22-04Doesn't feel very bullish at the moment. Bitcoin always has a way to suprise you, but this descending triangle* (bearish continuation pattern) looks like a recipe for more downside, before going up again. Took some BTC and ALT profit of the table last tuesday (after the dip) and looking to take some more around 56K. Love to be wrong tho..
* A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows
Short triggered on the 4 hour BTCUSD - TTM Squeeze
TTM squeeze short trigger should watch carefully for another leg down around the daily 100day MAs
Will provide updates with more detail at in a little while.
Look to unwind if btc breaks $55.500 and I'd be out before 56k if it turns against us.
PS. the standard signal for when to exit a TTM squeeze trigger is when the momentum oscillator prints two decreasing lines. Also BTC is currently trading at a premeum ot VWAP and POC so volume indicators support a sell theses. At least in my honest opinion.
good luck.
i hope for my own money this isn't incorrect.
Best
Connor.
Alright, Where's the Tomato's??? 🍅So, ((For Me the 18H chart is symbolic)) over the last 18-24 hours I have made plenty of new friends. I am curious how many more cool & tolerant people are out here just waiting for a thought contrary to their own (Just image the dialog)... 🤔 lol
Funniest thing I just realized that the majority have been buying the entire 6-12 months of selling or did you mean I was supposed to be buying the whole way up too?? LOL I was recently told in a conversation that "Sell in May and go away is dead!" and I thought to myself "What's wrong with today?" LOL (Important too note we were discussing Dogecoin ) GIVING ZERO ADVICE ON THAT DOGEIDODO 💩 What's amazing is the infamous expression "But... This time is different..." May in fact hold weight inverse of expectations yet to be fully realized. Invert the chart and get bullish🐂 on your bearish 🐻 🙃
Questions like: [/b ]"What price to buy sir?" "When to get in?" "Is it too late?" "How much more moon?" "(Fill in the Blank) to $1,000,000 now?"
Here's my favorite question to ask "myself" What's my cost to acquire?
Step 1: Ask once
Step 2: Figure out the answer
Pro Tip: "Noobs please try to understand some people have had bags BIGGER and LONGER than you."
#TheyBuyLambos 😂 #lambo? All this time I have been saying #LandThough 🏞🏠🏘 LOL
What are your thoughts? Is it bad that people like to realize gains say "Cool! More Dollars now!" Or am I really the only person that's down to pull profit and even short a lot??? LOL No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO" Bra
"KEEP CALM AND MANAGE THY RISK!" 🤓
P.S. If BTC is down so are your easily pumpable Chucky-Cheese Peter Piper Pizza🍕 Tokens/Coins and your Plebian Overloads likely don't like me too... lol
P.S.S. Welcome to the Circus 🎪 It's almost in town little Timmy 🤡