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Xbtusdt

btc 6-6 update ~good evening folks, btc ended up rejecting the target from my last nights post, but - it's not convincing enough for me. i shorted the top of it, and i'm looking for a long. --- i think it pivots earlier than i had expected, and makes a run to 35k. (watch for bullish divergence on the smaller time-frames, and look for confirmation) it can theoretically expand quite low to flush out all the late longs, so exercise caution if you're going to play this move. (resistance and support levels displayed on the chart) btc is a wild one, and you gotta be ready for anything that it may throw your way. --- risk management is the #1 priority in this game, everything else comes second.
by notoriousbids
11
btc 6-3 update ~the dip we saw today was highly controlled, came back down perfectly into the local golden zone. - •strong bullish divergence persists on the higher time-frames. •we're in a squeeze for 9 straight days now. •daily rsi is backtesting the moving average from above (bullish). •people are real scared right now, •lot of bears, •most are short, or in cash. ---- give me 1 reason why btc won't see a strong move up in the days ahead? ---- if we're playing out a simple zig-zag in this local region, the target on that sits at 33.6k if it decides to play out a 5 wave impulse, wave 3 target sits at 37.2k (40k for w5). i'm pretty bullish on crypto as a whole right now, and i'm expecting some kind of move up, which will be quite sporadic, and potentially short lived. ---- ps. if the squeeze happens to trigger to the downside, a very powerful move will take us down to 23k; stoploss is important over here.
by notoriousbids
1
btc 6-2 update pt.2i just wanted to say, i'm long, but i'm entertaining other ideas as well. always nice to keep an open mind in the market, as there is always opportunity just around the corner if you're ready for it. usually i have some kinda long exposure, and i attempt little shorts along the way (with extremely tight stops, like $49~$101 in btc's price) once a successful short is found, i ride it down until the next long opportunity is found in a similar manner. sometimes the short is a hedge, other times i'll flip short entirely - depends on the situation for the most part. --- i don't share the trades i take on here, as they are for our private members only; but i do share my thoughts with you all =]. my strategy is quite unique, and difficult to put into words, but do ask me about it if you're interested in learning more; as i'm always happy to share. --- --- --- this rally doesn't look convincing to me in the slightest - it seems to be trappy by nature. there are large order blocks over-head, and it seems like it wants to go lower in my opinion. i will remain long for the time being, and cautiously optimistic - whilst continuing to look for some shorties. watch the local golden zone overhead for a potential rejection, and pull a fib extension on that. it should gravitate to the 100% extension after; a deeper expansion is always possible as well. entertaining something along these lines, but i can't put a timeframe on it. --- have an awesome day, and expect the unexpected. ⭐ ps. i've been getting a ton of random hate in the comments from randoms, so going forward i will no longer be reading any of the comments. if you'd like to talk to me, feel free to pm me 🤝
by notoriousbids
4
btc 6-2 update ~hi o/ this is just a little bearish idea, it's not my primary - but thought i'd throw it out there. my primary idea was posted yesterday, check it out here: --- -whole market is moving up, while bitcorn hangs out in the middle of nowhere, ominously. -there is still a new moon in the sky, which puts pressure on btc. -13 more days of pressure, before the bullish door can be opened. got a feeling btc's just going to hang around this range till then, might raid some more lows, catch some more stops \ continue with the accumulation phase. --- ps. there is a bull case to be made with this structure as well,
by notoriousbids
4
this market is pretty intense.this market is pretty intense, so it is important to be strategic. this is not a "buy and hold" kinda enviroment, it's a, buy the dips, and sell the rips kinda environment (for now). the average man - will buy the top out of excitement, and sell the bottom out of fear, a wolf will buy buy the fear, and sell when the average man gets excited. ---- i made this little spx500 post last week, check it out if you missed it: i'm expecting a similar situation to play out on bitcoin. 38,39,40kish ; maybe an overthrow of that region, followed by the final dip down to 22.9\23k later this summer. ---- ps. this is just a theory, don't follow me blindly just because the picture looks pretty. do your own dd + research, and follow Your plan. ✌
Long
by notoriousbids
5
btc 5-30 update ~good morning ~ finally got some action going on after moving sideways for awhile. --- i don't think i've shared my primary count for the local zone down here, just trajectories. so here you are. --- the way i'm seeing this right now, bears got too comfortable, and now the market is going to make them feel uncomfortable. 🐺 never underestimate the bulls, as this is their market at the end of the day bears are just visitors, so they gotta respect the space. eyeing 33k as a potential top (fueled by short liquidations), before another decline into the crypto abyss
by notoriousbids
hidden bearish divergence.btc is printing a pretty hefty hidden bearish divergence on the daily, just what i like to see, after a bullish divergence and a pop lol. pulled like 400% on the pop, and i'm rolling some profits into a short. was hoping for higher prices, but it doesn't look very probable right now. once btc pivots, i reckon it goes down until the next full moon, which is in about 2 weeks --- ps. this dip might be the final phase in the accumulation schematic (aka, the spring phase).
by notoriousbids
6
bullish divergence bitcoin has bullish divergence on various oscillators, as well on numerous timeframes. the one shown here is the daily. bullish volume divergence currently in a daily squeeze. --- the move out of this range will be quite large, likely around 7~10k. it can most certainly go in either direction, but that's what stops are for. --- i'm quite bullish on btc right now, and i will continue to be while the chart looks the way that it does. good chance we're in an accumulation phase, and the mark up phase will begin one of these days. almost expecting a raid of the lows(spring phase) before we pop, but it doesn't have to happen. --- bullish targets are green bearish target is red. have a nice weekend 🍀
Long
by notoriousbids
2
ending\leading diagonal, simplified.this is pretty much the plan, from a simplified perspective. --- an ending, or leading diagonal is a 3-3-3-3-3, which is created within a contracting wedge looking thing. each move consists of 3 waves, labeled as an abc. wave 3 cannot be the shortest wave. leading diagonal appears in the beginning ending diagonal appears at the end. which one it is, we won't know until we see what the move up looks like once it has been completed. --- looking for a quick short squeeze to that 33k region, could go a bit higher if things gets heated. after which i think it swoops back down to around 20k to finish this corrective phase.
BITSTAMP:BTCUSD
by notoriousbids
10
a completed count.the total crypto market cap suggests that a long term bottom could be in. this doesn't mean that it can't go lower; but history suggests that this could be the bottom. if a bottom is indeed in, we're going to see a significant bull run in the months ahead, which takes the total market cap up to around 4.5 trillion $. --- we're going to need some kind of catalyst to make this happen, and it won't come overnight, but i've started to position myself into longer term holds. still about 80% cash, and i'm ready for lower prices just in case.
CRYPTOCAP:TOTAL
by notoriousbids
6