3X Short Bitcoin Token / USD Tether forum
BTCUSDT hello guys🤩
BTCUSDT The scariest moments in Bitcoin’s history come when it crawls along, shifting just a penny at a time! How does that even happen? It hasn’t reached a level where you’d expect such stability. It’s weird and scary—I want volatility!
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BTCUSDT
BTCUSDT Wait for BTC singler
BTCUSD BTCUSDT.P Preface this by saying it doesn't look great but the truth of it is that for now we objectively have a higher high followed by a higher low on the shorter time frames and that shouldn't be discounted. Also, on the daily we've hardly stepped away from this price beyond wicks for the past few weeks, which is why it makes sense to be relatively frozen here without volume.
Really wouldn't like it if it just dropped from here after having no momentum, so to go down I'd like to see it make a run up to the 200 on the 1 hour at 97.3 to reject if it wants to go lower, I've been in a short from 96.8 and will keep adding to it in the case it goes above, if it gets back above 98.2 I lose but if that's on the cards I'd hope there'd be enough supporting evidence to show that coming before it happens.
Highest low I'm looking for is 92.7. For the bullish case I'm most eager on, I want it to go lower than that, ideally around 91.2. Majority of my limit buys are between there currently but will watch price if that gets approached.
A LOWER high bounce earlier in my opinion just means we're prolonging this stage for longer, which is more than fine too, just be aware of that and buy at the lower bounce, not when the "BTC trading between 98-99K" sirens start to go off, which has seemingly been what has happened to a few unfortunate traders the last couple times.
Higher high followed by higher low on the one hour is something to watch too, doesn't really matter how long you go sideways that's still a good sign for as long as the higher low is in tact, taking the high from here with volume without making a lower low would be pretty bullish, however I expect the low to be taken first though.
Overall expectation is that we go sideways and wait for the S&P to make a decision, looks like we're being hold under lock until that's made a confirmed move.
I think a 5-10% correction on the S&P would make sense, and think that BTC would follow and find the low it needs from a move like that.
Overall still very bullish, do not think we're entering the bear market, this is relatively normal consolidation and I have a very strong feeling that the next LOWER low on the medium term may be the trigger bulls have been waiting for.
Also, very important to remember that price is not a reflection of the news, we have traded in this tighter range for weeks, a ByBit hack at the top of the range is more a funny coincidence than anything else, we've traded down from 99K several times without ByBit being hacked, price wasn't ready to go back into the 100's yet and it wouldn't have regardless.
What has happened the past few days is not manipulation, this was the more than likely outcome considering the information the chart has been giving us for weeks.
BTCUSDT looks like Short Incoming... Let's see...
BTCUSD BTCUSDT Not much price action to speak of naturally for a weekend. Still worth noting that the 50 SMA is coming down to the 200 as price consolidates below the 1 hour 200. I am in a short here at 96.6 now personally. Just not liking the look of the daily chart anymore. Really needed that 4 hour bull divergence the other day to see the daily 50 SMA reclaimed instead of another swing wick failure.
BTCUSDT i see Kinda Mitigation... I go Short Sl At 97k...