Why Do Some BTC Maxies Hate Alt Coins?Because a Ultra Bullish sentiment on a coin other than Bitcoin can really Rekt the Irresponsibly Long nightingale trade strategy.
Ouchy's and Big Boo Boos to come... 👶🍼
"the slosh of cash" money from some other crypto for another moon shot but at the same time I think that button may perhaps be wearing out. You have a Coinbase rally and now what? Allow for many that have held over the years to have an easy exit for the next generation I suppose..
⭐I am not sure how much these events cannibalizing the main driver of this market is really a good thing when we are dealing with the leverage in the space. One of many catalyst to the deleveraging event yet to come in crypto.
[b ]"I personally feel that buyers are going to increase their exhaustion buying dumps. Things can happen too fast for the little guppies to nibble up all the Whale crumbs.. As things sink down toward the inevitable abyss."
"Noobs please try to understand some people have had bags bigger and longer than you."
🤷♂️ #Fixed
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 little??? LOL
-No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO"
"KEEP CALM AND MANAGE THY RISK!"
Bitcoinshort
Bitcoin: What happened today was not healthy for the price...In case you didn't know, this was thanks to the FEDs conference that had place today; it was definitely not good news for the USD, so people buy other assets as a hedge for fiat devaluation and general inflation...and what's the "star asset" for that now? DING DING! You got it...Bitcoin.
The ADX is still signaling an uptrend move, but it totally depends on price action; if the ADX weren't marking a trend continuation, I would short it, but I guess I need to sleep peacefully today, so tomorrow I'll just try to buy cheaper. Cheers!
BTC probably retraces to 22KBitcoin may fall Heavily up to 22000$ or even lower retraces to its Fibonacci 61.8% or even 78.6% of its bullish wave and then we can expect some bullish continuation
I have specified its bearish retracement in a bearish channel
the other scenario is it may shoot up to 127% and 161.8% Fibonacci extension which is 50000$ and 62000%
it is just a raw speculation based on Fib and MACD
please comment your opinion
Plain and Simple Bitcoin Daily Analysis - 3/12/21 - BTCUSDTPlain and Simple Bitcoin Daily Analysis - 3/12/21 - BTCUSDT
Market does not care what people want.
People want 60K so bad.
Market takes decisions.
Allright, we got 2 bearish divergences popping up, and a lower high on the bigger scale.
That's not good at all to get that lift to 60 K.
Price is attracted by the 48700 K level, that we might head back for the coming days.
I don't feel any euphoria around, so, ...
Back in february, people ignored RSI and kept buying - euphoria was at peek -
Now it seems like something else.
That's a day to be carefull, more on the short side, with extra wide SL from 58250 down to 55366
So..
Have fun, trading today !
Thanks for reading !
Stay safe.
And remember, the market is a b..ch, trying to take the money right out of your pocket for a cheap and short moment of pleasure.
See you all tomorrow, and don't forget to ......
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BTC/USD - Correction after W patternHello traders and community, today we will tell ourselves shortly about the situation of BTC/USD
Trend analysis
- As you can see from the BTC/USD daily chart, right now we are still moving in bullish W pattern, but after this pattern will be finished with help of price action analysis we also can expect correction movement in short period of time (bearish movement). For long period of time we still need to wait for trustworthy signals to start our trade position. Resistance level (red line) is on $58 243 price level, support level (green line) on $51 433 price level and global trend remains bullish (orange line). My recommendation as a trader you can see on the chart (white line - possible scenario), price can possibly drop approximately to $52 350 price level and after it we can expect bullish run.
Chart pattern
- Bullish W pattern (ending)
- Correction movement (high probability)
Technical indicators
- RSI: market is still in boarders, bu located near 70 level (overheated, Bearish signal)
- MACD: market is still bullish cause of MA lines are moving away from each other and overall trend is going up (Bull signal)
- BB: Volatility of the market started increasing after range movement accomplished (Bull signal)
- MA (10,20): MA10 is higher than the level of MA20 and going upward (Bull signal)
= Overall bullish signal movement
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Bitcoin (BTC/XBT) Daily Long&Short Trade Setups 2021/03/11Market Overview
Price Action: Bitcoin continues to slowly move up in price after the recent rally and reached as high as $57.4K, a mere $1K from the AllTimeHigh @ $58.4K. This is a very important level to watch as we either form a double top here and have a large correction or we have a breakout, in which case we will likely pump to $70-80K relatively quickly, similar to the pump we had in January.
Patterns: N/A
Areas of Interest: The area(s) of interest for me are the 200MAs @ $54.6-55K and the highs @ $57.4K. Once price reaches one of these areas, I will monitor for entry confirmations. If the entry confirmations are aligned, I will take a trade and share the my trade in real time. Of course, it is possible we just pump to ATH of $58K directly from here, in which case we will be looking for trading opportunities at that level.
Trade Setups
Below are the potential trade setups that I would be interested in trading:
Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $54.6-55K by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Long Trade Setup #2: Breakout and Continuation
1. Price Action: Price breaks above and falls back down to $57.4 and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Short Trade Setup #1: False Breakout
1. Price Action: Price breaks above and then falls below the high @ $57.4, forming a bull trap
2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out
My Recent Trades
2021/ 03/01: I had a winning trade! I entered long @ $46,288.00, SL @ $45797.19, price reached a high of $49,470.0, giving a risk reward ratio of 6.5:1.
2021/ 02/28: I had a winning trade! I entered long @ $44,875.0, SL @ $43,800.0, price reached a high of $45,530.6, giving a risk reward ratio of 0.6:1.
2021/ 02/22: I had a winning trade! I entered long @ $56,850.0, SL @ $56,379.0, price reached a high of $57,274.0, giving a risk reward ratio of 0.7:1.
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
BTC: The pattern I'm looking forGood day to all profit makers!
If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
- After following the ETP-1 XABCD Pattern, This is the pattern that I would be looking out for
- Consult the chart for more information.
- Note:
- This is just my current idea.
- I am not a financial advisor! and this is not financial advice
- There is always a huge chance of different patterns taking shape in these ever-changing charts.
- My views and charts can and most probably will change!
- I can be 1000% wrong!
- Trade responsibly.
- Be focused.
- Have a plan.
- Stick to the plan.
- No FOMO.
- Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money.
- Never trade what you are not willing to lose
- Remember Stop-loss is your friend.
- Smile!
- Good Trading and Good Luck
Here! Hold This For Me LOL :^DThere are Lines to be Tested, Respected and or Denied..
Lets see!
"I personally feel that buyers are going to increase their exhaustion buying dumps. Plus the minimum wage hasn't hit fast enough for the little guppies to nibble up all the Whale crumbs... As things sink down toward the inevitable abyss."
Someone free me of my stubborn ways!!! 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 little??? LOL
-No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO"
""KEEP CALM AND MANAGE THY RISK!""
Bitcoin Elliot wave analysis - short bitcoin with target 37KI Think BTC is in a C wave of a corrective wave with a target around 37150 $.
The first corrective wave consisted of a 5 subwaves. then the B wave had 3 subwaves , and now its in the start of the 3rd wave of a 5 wave C wave , which its drop will be sharp again.
the stop for this sell will be in case that price goes above B of 52000 again.
current price is around 48k
so the reward/risk ratio is 11000/4000 around 2.5:1 which seems fine.
take care with long position guys...
Help Me UnderstandHey help me understand why these two don't matter? They are found on multiple time frames. To me they matter but I would love to get a better view sense I can be off base judging by some of my recent convo with people. lol
"I personally feel that buyers are going to increase their exhaustion buying dumps. Plus the minimum wage hasn't hit fast enough for the little guppies to nibble up all the Whale crumbs... As things sink down toward the inevitable abyss."
Someone free me of my stubborn ways!!! 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 little??? LOL
-No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO"
""KEEP CALM AND MANAGE THY RISK!""
Welcome To Wish Country We are quickly approaching official Wish Country many will be be welcomed with opened arms reassuring pats on the back as they all Breathing nothing but the freshest hopium Wish Country has to offer.. In short the reality that they "should" key word "should" have sold has yet to set in. (Placer note Emoticon Shoulder Shrug)
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 little??? LOL
-No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO"
""KEEP CALM AND MANAGE THY RISK!""