Bitcoin Just a little weekly chart, nothing else. I feel everyone is too busy looking at the tiny timeframes instead of the big picture. Well here it is.
Bluwhales
Bitcoin SHORTPlain and simple, this is a bart. If you do not know what a bart is then you are about to find out look up a pic of bart simpson and you'll know. CNBC even just went long, and if you are a seasoned BTC trader then you know that counter trading cnbc is a real thing that works 90% of the time. Lots of technical indicators are also diverging bearish and every time we try to bounce, we drop. Longs are also increasing after yesterdays massive fakeout and even bigger pump. I am short eth and xbt, double the profits or double the rekt. You heard it here first. I may post tmrw or saturday because i found a very incredible fractal that looks just like what is happening under our eyes.... I will be the first to admit if i am wrong or not. Happy trading, bluwhales all the way. :)))
Bitcoin LONGOkay y'all, this market cycles has happened 4 times now, this being the 5th. First lets look at the phycological side, everyone is thinking we are going to drop to 5700 and lower into the 4k's and all that crap. I think we are going to keep in this ascending channel until 6900, then dump to 6100-6300. After that we may moon past 8k. That's just my opinion. I wanted to post this chart yesterday when we were at 6250, although i did share it with my discord. Ill post another chart and outlook whenever we pump higher to around 6700-6900 for an update. We had a nice bulld (bullish divergence) on the 4h, which brings the best movements from bulld's or beard's. I think we will go in a way that the Elliot Waves are formed. This is just what i think, if we break to 5700, then the chart is invalid, simple as that. Thank you all!! :)))
Bitcoin SHORTFirst off, I just wanna say that CNBC said long btc here at 7420. If you are an experienced trader, then you should know what that means... SHORT! DO the opposite of what cnbc says! (They are whales getting the masses to long while they are stacking shorts and when the masses get liquidated, we fall faster and harder.) Plus everyone is starting to long, meaning I wanna short since 90% of traders lose money, why would you follow the herd?? That's the phycological side of the trade, ANYWAYS... The technical side of it is that we have a huge beard (bearish divergence) on the 4h that has been growing bigger and bigger, meaning that when the price finally blows, the impact should be on a bigger scale, meaning that the longer we are in the retrace of an uptrend, the harder we will dump. We are also chilling in the .618 retrace zone from the 8500 to 5700 move, which is a fractal since we have rejected from .618 retrace many times before on big timeframes. My favorite fractal, the curve fractal, shows that we are at the top of our range for now, and should start declining following the curve. If we break into the curve, then it becomes resistance. The highest I see us going is 7500 period. There is a possibility of a wick to 7600, but other than that, 7440 is looking like a solid ceiling/top. We have also finished wave 5 of the EW started over a week ago on the climb up here, and as you can see, we are in a tight pennant (the two black lines) that will hopefully break down below to initiate the mad dumpings. If you go short, then 7250, 7130, 7000, and 6900 are good places to take profits, as i am eyeing 6600 overall. Thats it for now, trade at your own risk. Drop a like if you enjoyed this analysis! BluWhales all the way. :)
Bitcoin LONGWell our last fractal worked out perfectly, now we counter fractal and long it. Meant to post this at 6815 but we already seem to be heading back up. We are also sitting in the golden pocket .618 fib retrace which is bullish. I think we could top out at 7500 by the end of the week, we will have to see. Ill publish more ideas up to then. Thank you, :)
Bitcoin SHORTSimple. We are in a curve fractal and we are curving down. Bullish volume is decreasing,this is also an equilibrium, meaning that the candle will basically mirror themselves. They came up bullish, now we fall bearish. Now if we go sideways, which i doubt, then the fractal is basically over and we look for new fractals or continuing ones which are in play on bigger time frames. Now if we break above 7150 then we should shoot up to around 7300. Trade at your own risk. :)))
Bitcoin SHORTWe have another inverse curve fractal going on here was well as a repeating box fractal. I went short as soon as we breached 6700 just now. I have a couple scale in orders reaching up to 6780 incase we wick there to average up my entry. Shorts have the best Risk:Reward right now. We are also at the top of the trending range that we have been trading in. Trade at your own risk, thank you!:)
