Hello all, it's been a while without updates because nothing interesting has happened with the Bitcoin market lately. Been holding my short for four days now from 3408. We are currently at 5 of 13 from this TD countdown setup. Lets get my 2800 target rolling soon and 1.2k for full despair. Open interest is very low on Bitmex with short positions dominating...
Being a trader is not about being right or wrong, but about the probabilities. Today's momentum will not be the same as the momentum tomorrow. We must understand that the market is dynamic and what is forecast on the chart is not absolute, just as weather predictions are not always 100% certain. With that being said, it important to always look at both sides of...
It is not for certain where the Bitcoin 0.12% market is headed in the long-term, but it is scary to think that we could go as low as 1300. If this recent drop causes enough panic among HODLers and early investors of Bitcoin 0.12% , this possibility would not bewilder me. Some may see this as a terrible thing, but I see this as a very fortunate thing for the future...
H1 Pulse Signals. Since we are still above the bullish EQ, I am assuming this pulse is signalling for the targeted 5.8 bounce to retest the broken support level. H4 Just had its first pulse with the histogram on the MACD declining indicating that the current downtrend may be over. However if we do decide to break and close below 5416 EQ on the hourly, then...
The market is looking weak this morning without much follow through the bounce off of the EQ support from last night. I will be looking to short once we close hourly below 5416 EQ level.
If Bitcoin closes below the previous week's low on the BLX, then we may see the 5.8k - 6k level again. Currently there is no clear direction at this time without any catalyst until we get the November ETF decision. Daily chart is looking fine however, but is showing weakness below the 6439.30 point of control. I would like to see us break above this level on...
This is a continuation of my previous published idea, which I accidentally published as private before. You can go ahead and read the previous updates on this link. So far the market has been playing out perfectly based on my near term and long-term predictions. Current Analysis: My original target of 6366 after the predicted liquidity run to retest 6.2 has...