Bitcoin-short
$9800 IS COMING FASTER THEN YOU THINK ~ fomo gets you liquidated-Yurlo (please tap that like button for me) 👍
Bulls are blinded by the hopium and fomo around the space and even if they wanted to see bearish momentum they’ve convinced themselves (mentally) it’s going back to 12k (a safety net) so “fear” isn’t seen, which turns to “greed”....
That’s when we’ll end up back under 10k
It's a trap don't fall for it and attempt to catch which could potentially end up being a nasty red week
be cautious and play it level by level if you're trying to long here it's dangerous
$BTC / $USD
Congrats to those who who shorted the top of the range instead of fomo longing the top screaming for 14k like a 5 year old
(let this drop be a reminder that market psychology will blind you in terms of you visualizing things that aren't going to happen, an illusion)
Buy low, sell high, rinse, repeat
Short scalp idea ~ ($10550 should be visited soon) BEARISH BIAS We've seen 5 candles in a row (4 hour chart) that have made lower highs, once sell pressure picks up (could be after a liquidity pump or soon) we'll also likely see a lower low which should enable a descent to $10550 neighborhood.
Lose $10500 and it's likely we visit $9000's again!
"buy low sell high" ~ we're currently $1000 above since the local low ($9800) which tells me to short any pump i see until $10550 is tapped for a retest on the BARE minimum.
The definition of insanity is doing the same thing over and over again expecting a different result.
So why do you keep longing the top and shorting bottoms?
You vs your ego friends.
The market is literally deigned to tap into your emotions and tamper with your bias
AND YOU STILL LISTEN TO YOUR GUT RATHER THE TECHNICAL ANALYSIS YOU MADE IN ORDER TO MAKE A TRADE IN THE FIRST PLACE
stay broke idc the market has cycles and history always repeats itself sooner or later.
-Yurlo
$BTC ~ Are bears getting ready to pick up sell pressure/momentum-Yurlo
Please HIT that like button for me if you appreciate my daily posts with updates for you guys 👍
Closing under $10,200 would be ideal on a 4 hour close.
Bulls should start to panic at that point and sell pressure should intensify for some time.
(I had a dream last night)
Cheers
-Yurlo
Descending wedge being formed on (Bitcoin) ~ Rejection from top-Yurlo (Please HIT that like button for me) 👍
In the last 168 hours (12 hour candles x 14 bodies)
~ we've seen lower highs with rejection on each major body leading to a bigger candle to the downside.
~ each of these rejections being around rejection points,
which I feel we're very close to one in the few candles. (1 - 3)
Also strongly feel this descending wedge is just being formed & more ranging to go ~
Will provide updates on this post likely tomorrow & in coming days.
Cheers ❤️
PERFECT TIME TO FILL THE CME GAP (9600) - (AOI #1 hit liquidity)-Yurlo (Please give this post a thumbs up if you like the visuals) 👍
CME gap at 9600 has not been tapped since the 10k break (which we stayed above for well over a month) It only makes sense for whales to shake out the lose hands before the next massive green dildo into mars.
In order to be like a whale in the future - you have to psychologically try to think the same as one in regards to what YOU'D to if you could move the market to get rid of weak hands.
Below 10k is when panic and true chaos will start and I'm honestly excited.
LET THE CHAOS FUN START BOYS.
I'll see you at 9600.
BTC Head and Shoulders Pattern Opportunity to short!
BTCUSD graph formed a head and shoulders pattern which created opportunity to short.
I indicated the shoulders and head.
The minimum target is the vertical distance from the head to the neckline starting from breaking of the neckline.
Volumes are acting accordingly.
For BTCUSD, this is a good opportunity to short.
If you enjoy my graph, please make sure you like and follow. Your feedback will always be appreciated. Have a great day!
$BTC $XBT strong run - don't long now and shorts use stop loss$BTC $XBT - After shorting some too early then catching the small run to 11,675 I am going back into my shorts. This has had a strong weekend run up and hopefully for the shorters this gets a pullback down towards 11,250. If this crosses the lower trendline from the previous run (brown line) then it may keep running up. Looks like it should get a pullback down towards 11,2ish but don't be counting on it to heavily. The RSI on the 2hr may be getting towards a peak as well so we'll see.
BULLS NEED TO GAIN BACK 11600 IN A HURRY OR 10500 IS NEXTThis TA was made before we broke up OR down.
As you can see we broke down, and are somewhat following the arrows originally put in.
Bulls need to gain 11600 or 11000 will we wiped out, leading to 10.5k retest (BIG LEVEL)
Time will tell.
I've shared both sides for you, now we let the market move.