First of all, I hope it's not. But I wanted to save this perspective as an idea.
There are similarities and interesting "coincidences".
I think the chart explains it all. There is one difference between these two orange circles though. We had a lower low after the first low.
Let's just hope this is not the case. But I will personally take this serious until we have at least two daily close above the big red line.
There are similarities and interesting "coincidences".
I think the chart explains it all. There is one difference between these two orange circles though. We had a lower low after the first low.
Let's just hope this is not the case. But I will personally take this serious until we have at least two daily close above the big red line.
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Low timeframe comparison:
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Maybe I made it too complicated. It's really this simple. Maybe that huge range was the redistribution.
Who bought all the coins at 17k-19k? Did whales buy? Did institutions buy? I don't think so.
Who bought all the coins at 17k-19k? Did whales buy? Did institutions buy? I don't think so.
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You know what's worse than a bearish pattern? A failed bullish pattern. Let's hope this one won't.
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Let's keep hoping :D
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Is this more clear?
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I hate to say it but chart on the left is even worse than chart on the right.
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Chart begged you to short it. On this timeframe.
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DXY
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Your chance to short is probably coming. If you want it. Just saying.
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How come I publish my most bearish idea yesterday and FUD news about Binance are released today? Hmm maybe TA works.
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Idk.. Stop hunt?
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If that's the case, look at this. What a top it's gonna be.
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I got my short 17.170. I already had alt shorts from better prices. Now btc too.
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Maybe I'm totally wrong. But this looks so fishy.
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Should we ignore this redistribution possibility too? Ok.
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Bullish argument for short term.
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You can argue this is the range and we haven't decided yet.
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I'll close BTC short in case of a convincing break of the big curve above.
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Curves everywhere.
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Which curve has the most confidence right now? Obvious choice.
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Btw, i think we shouldn't ignore this one. Overall, all of these bearish consolidations, redistribution-like structures is crazy.
When you ignore your bias that says "Crypto is down too much.", you see bears are in full control. They keep the fear level controlled but they keep doing their job.
When you ignore your bias that says "Crypto is down too much.", you see bears are in full control. They keep the fear level controlled but they keep doing their job.
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Small adjustments.
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Funny explanation of what this is, in my opinion. NFA :D
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Just added more. 17.200 position average. ~17.800 stop.
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Gotta give them a lil bit of space for scam.
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Added more. This is bullshit. I'll take some risk here. I've been waiting to take some risk for so long. Stop same ~17.800.
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Oki doki. Gotta revaluate some things.
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I do believe US markets will price the realities in Q1&Q2. BTC is still macro bearish. STRONGLY. Only reclaiming 19k will be a question mark fır me. Aside from this failed short-term trade, that was my view. I believe BTC is still going under 10k.
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It sill looks bullish. This is the level for a potential bearish reversal. BTC usually don't come to test breakout like this short-term. If it comes it will fail most likely. Until then, short-term bullish.
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Just a deviation or what?
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Let's play the same game again.
"Whenever you find the key to the market, they change the locks."
I mean I don't think I found the key to the market but thanks for the reminder :D