Bitcoin broke above its descending trend line, which forced the shorts to close their positions. Given that most traders are using 25-75x leverage, this caused a significant short squeeze. I think this squeeze is petering out, it caught my attention that there was significant selling once resistance was met, so I think bulls are cautious. We should retrace to...
Some people think I'm insane; others, a genocidal lunatic; but if I'm right and this crap collapses----then there's only one reasonable conclusion: I'm not human, I'm the god.
Bitcoin looks like an old man rolling over in the bath tub ... Gasping for bubbles ... I'm sure you get the idea.
Ada has had a good run, but is far from support. Also, we shorted it multiple times today, and we tasted blood. With BTC looking weak, and likely to tag 40k, I expect Ada to correct hard and fast. Love, The Illuminati
Ada bulls asking for more punishment, shorting again. BTC looks weak here.
Ada has had a good night, but I've been shorting it since I woke up. It's overbought, extended, and far from support. So this a good betting opportunity. Have a nice weekend.
The markets are deliberately difficult over the last several days: I believe the powers that be are agreed on a May Reset timeline, and are engineering corrections in all markets: including the Nikkei. There's also evidence of deliberate manipulation to throw off retail traders : I'm seeing traps. I'm not sure how low the markets can go, but a 20% correction...
Bitcoin did well today and broke the resistance trend line, then we shorted it to support. Tomorrow, target is 52,800. 1.236 fib extension. No leverage since this is counter trend in the 4hr timeframe.
This is my mental plan. And I'll only execute if the lower timeframe signals continue confirming the pattern. The Diamond Top formation is quite serious, and will not be broken easily, so we'll float for a few days between 48k and 55k is my imagining.
BTC to 48k, back below the yellow resistance line.
Silver is riding a hyper inflationary trendline (yellow line). It punched in a bullish reversal candle recently on the daily timeframe suggesting an attack on 31$ resistance is high probability. If silver breaks 31$s there'll be extreme leveraged betting that should escalate things quickly. There is an issue with the supply of physical silver presently and one...
I'm expecting BTC to test 50k area and be rejected, I'll be looking for scalp shorting opportunities. Then I expect a slow crash pattern to 45k area where support will be retested. If 45k is broken, then we have more shorting opportunities with strong support at 39-38k area. Of course, shorts should be closed at 42k area since anything can happen there.
Expecting a bounce off of 48k. Should be a good scrap.
We'll get a retest, not certain what happens after that.
Kind a cool to see a diamond top ... Strong support at 50k and possibly a spike down to 47.5 - 46 k support area.
I was hoping (biased) that the Russians would take a break.... but ... The Russians are going for it ... Band to 27$s ... maybe even 37$s. I guess we have 6 to 8 weeks, then chaos.