This is an update from previous idea, yesterday was a classic example on a shakeout in a bullmarket, intended to #rekt over-leveraged traders and scoop up cheap coins on discount. A field day for the whales. I am still in long position, I scaled down a bit quickly after breakdown, but reentered again after evaulating how the breakdown was doing. I have since then...
So while everyone is screaming about Ethereum, Dogecoin and alts in general, this is what is on my mind right now, the next move of Bitcoin. What everyone is failing to see, is that we have been repeating in a 4-move structure this whole time. Explanations for the chart: 1. These are bull flag trading channels, once broken out, we've had additional move to...
WARNING! Very impopular opinion! NOTE: I am talking exclusively about BTC-ALT-pairings here, if you do not care about your BTC value when sitting with alts, then move on. USD-pairing will still do good as I think BTC will do good. This chart does not provide any deep levels of information per say, just pointing out where I see we are in the Bitcoin move where...
This is my first published idea, I generally do all my drawings on Binance tradingview tab, cannot export them sadly. Some quick explanations: 0 - This is the move where we start entering the rising trading channel 1 - These are rising wedges within rising trading channel 2 - These are descending wedges within rising trading channel Each time DOT has had...