Short with SL = close above 8100 If it is to drop, 8200~8300 should be front-run as every boy and girl in town has short orders there. Notice the huge red volumes. Nice area to take a stab at shorting
This exponential rise has crossed the point of no return and is likely to end with a blowoff top. 8k seems likely to liquidate shorters and for whales to take profit on their longs. Starting to see some sell volumes but it is too early/amateur to conclude that this(7500) is the end
Clearly, MM's are not interested in marking this piece-of-shiet up
Long at pullback then exit your position without being greedy Right after the BGD is a little too early for BTC to start the nosedive 4800 seems like a good spot Enter on 12H close
Just suggesting the bearish possibility. The structure is not exactly the same but similar. Everyone thinks XRP is bound to bounce because it hasn't. Maybe it is just weak Even as I post this idea, I want to long XRP on dip but I would rather wait for confirmation since the bearish scenario will be devastation.
Very high chance of this setup failing but risk worth it. Target $98. SL 145.5
Do you really want to bet your entire money that 3k, 2k, or even 1k is the bottom? "Averaging down" doesn't fucking work if you DCA all the way up to 1k and then btc goes to $500 Looks like there's so much to go still..
MM'ers are trying to paint the picture of a resistance turned support. Yet the high volume dumps and wicks during the consolidation are telling another story.
Notice how everyone is bearish af on Tradingview and Twitter. Everyone is salty, and looks to long @ 3k, 2.8k, 2k, 1k, $500 So there is definitely a bullish case here when considering sentiment. More importantly, as the lows get taken out, there is decreasing volume as indicated in blue. There is a shit ton of psychological support at 3k and whales could be...
Volume down, longs trapped above resistance BTC precarious
Campaign finished Notice the high ass volume at the top
Looks like the Bitcoin chart before the crash
I've waited for 2 months thinking there should be a drop testing the 5750 double bottom, but it didn't come for 2 fking months Now is the time to test it, fill the gap, and the spring bounce would give me the confidence that the bottom is in. No matter how bearish things may look, nothing changes the fact that alts are in accumulation phase. Need a few more...
Clearly seeing selling climax in many alts followed by low volume - typical of bottom. Whales not ready for mark-up yet, as BTC were held down at 65xx. Need one more test of supply and shakeout as below: ADA OMG
While the blue circle can be considered a selling climax as it was accompanied by huge volume and a strong subsequent rally, the huge red volume bars are definitely something to consider. According to Wyckoff, in a market bottom, downward actions must have low volume. ( = selling pressure losing force) The fact that it bounced straight up after a big-volume...
Long breakout of 6640 OR Long 5850 with SL 5780 Everything on closing basis