Now that my last short position on BTC has failed this is the levels I'm looking for new short positions. Bitcoin is macro bearish. No bulls allowed below 19k.
#BTCSUB10K :D
#BTCSUB10K :D
コメント:
Bears are silently watching your correction corn. Don't fail it.
コメント:
Not yet
コメント:
Comment: What happens if it comes to test the breakout level at this point? Channel is broken again. And "again" is very dangerous.
コメント:
TOTAL chart. Rising wedges happen when liquidity is not taken from the lows. You want to see time spent at the lows. Then aggressive breakout.
コメント:
They sold the strength. Idk...
コメント:
I'm waiting for something more convincing.
コメント:
ETH is already there. Short term range retests is generally bullshit.
コメント:
You can say ETH didn't even care about this previous resistance. I doubt it will care about the trendline.
コメント:
And NASDAQ. Do bulls exist?
コメント:
DXY
コメント:
Just a deviation or what?
コメント:
Coming back to box is the alarm signal.
コメント:
Let's simplify it as much as possible:
コメント:
Short open. Not financial advice. Absolutely not.
コメント:
I just decided to take higher risk. Basically moved my 1x entry to here at 17.550.
コメント:
If it goes in the box like I anticipate right now, I'll just put a stop loss in profit just above the box.
コメント:
コメント:
Be safe. Shits looking hot.
コメント:
Don't get it wrong. I love Bitcoin. I'll be a buyer at my targets. Whatever the charts say.
コメント:
If BTC is gonna crash, you will see it. You'll see constant pressure for a long time. Then a parabolic move. Probably multiple. One of them will lead to the crash. That's how it works when it's not a black swan event.
コメント:
Last line of defense for the box is 17.100 in my view. Daily close below is the alarm.
コメント:
Literally looks like a hammer hit.
コメント:
I don't have a BNB position but I'm also focused on BNB right now. 260 is a very critical level. I think this might be an indicator about the market's short term move.
コメント:
Bounce or just weakness? I'd say weakness.
コメント:
Here is another redistribution for you. $COIN:
コメント:
Aggressive candle
コメント:
Imagine. just fantasy :D I always exercise for various options.
コメント:
Imagine giving almost nothing to 10k buyers for weeks. That would be crazyyy.
コメント:
btw we have a little wick test to my box on the hourly.
コメント:
This is also an important level. I believe we'll see fake breakout from the box.
コメント:
Bitcoin is still "ok" compared to US markets btw. If US closes bad and BTC keep being "ok" we can see some action on weekend. Bearish most likely.
コメント:
Don't think like it's all stock market's fault. Bitcoin was super bearish. BTC.D was low and bullish. It is still low. This was coming. Big guys are not interested in 99% of altcoins. Expect more pain.
コメント:
You think 70 BTC.D is impossible? I don't.
コメント:
You have to look at BNB.
コメント:
At some point we should see something like this. Bears need fuel.
コメント:
Here is the bullish possibility although I think it's unlikely. It'd be really cool technically.
コメント:
I revisited this idea just because I'm starting to see strong bearish sentiment :D I have to say this. This always raises a question mark for me.
コメント:
For me to take this possibility seriously, first I have to see it holding above 17.400. Then I'll close my short and maybe get a small long depending on the PA. Then I can scale the position up above 19k. I mean just a what if plan. I'm trying to be ready for every possibility.
コメント:
I think that scenario would correlate with BNB PA. If Binance can somehow restore confidence in the market, it might be a good reason to go up. I'm watchin $190 level on BNB closely.
コメント:
Now that I explained this possibility and my plan I wanna repeat that I'm still strongly bearish. TA gives me multiple alarm signals on many charts.
コメント:
Clearest view of the range imo. We should consider this range as redistribution FOR NOW. Expect a test. Don't try to buy the bottom. I would say.
コメント:
I'm talking about this similarity for a while. I think it's been almost a month lol. Chart didn't prove me wrong yet. Have a look:
コメント:
4h candles are showing weakness again. Can't wait to see the next move.
コメント:
ETH is even weaker.
コメント:
2 things have no test. The channel and the range high.
コメント:
On the other hand, this weekly outlook is crazy. Big hammer. Bear flag-ish look.
コメント:
I'm just gonna drop this pic here to check later. This might be our bounce signal. It can confirm the market said "Nope" on this timeframe.
コメント:
It's a common pattern 1-2-3-jebait-confirm-send. But it's low timeframe anyway. Not very confident.
コメント:
BTC wanted it but NASDAQ idk :D
コメント:
BTC.D though. Still going very well.
コメント:
Another interesting possibility is showing weakness for a long time instead of some retests. Confuse traders and boom.
コメント:
Look at these 2 little circles on ETH. That's what I'm talking about. Weak weak weak and boom.
コメント:
Lots of good bearish setups on alts. More I look more I lose faith in bulls.
コメント:
Bull market started :P Volumed sell staircase up.
コメント:
Wow it really did hahaha
コメント:
Operation stop hunt probably.
コメント:
Is it done? I'm looking for a stop-loss level. Because finally it's building something.
コメント:
Have an alert on this upper level.
コメント:
DXY is about to lose an important level because of JPY. NASDAQ might form a local bottom around here. Interesting environment. It's like crash or bounce. One bad news can break all the supports but chance of a bounce is raising.
コメント:
News about BOJ just means they are starting fight with inflation too. It should be a risk-off news.
コメント:
Possibly :D
コメント:
What if
コメント:
You know what? If it makes a 4h close that invalidates this I'm out.
コメント:
The sharpness of this downward move was bothering me. Now this corrective(possibly) move will probably make me more bearish.
コメント:
It wasn't really an important level to bounce. No time spent at the lows. Volume isn't interesting. I can count more reasons for bears to be comfortable about this.
コメント:
BTC and ETH is acting like TRX on ltf. If you know how manipulative that shit is :D
コメント:
Speaking of correction.. Look at the beauty of fibonacci. Bouncing here wasn't random.
コメント:
So who is playing the game? I think bears.
コメント:
You can think like whales are addicted to this shit :D Resistances are for breaking and then faking :D
コメント:
I would like to remind this to anyone who think BTC is down too much. The result of the 30k breakdown was 17.600. Directly, if you look at June price action. Now the price is consolidating slightly below that. After 6 months. The norm is 17.500 and we are there atm.
コメント:
Now many people wait for 16.500 for a short-term trade. And they are right. If this is a true launch area, that's good confirmation level for bulls. But the amount of time spent on a resistance is a problem. You can think like 16.500 will have to carry all this weight that I circled in the picture.
コメント:
Sweet little chop.
コメント:
Damn, market was waiting for an update from me.
コメント:
Bye bye, Coinbase. Probably.
コメント:
I was thinking it needs retests / long time of consolidation for the last few days. Not anymore. I think a never ending sell pressure can start any moment. If bears are serious.
コメント:
I find these 2 curves interesting. Hopefully we will test one soon :D
コメント:
An interesting channel that I'm following:
コメント:
ETH 2% 1m candle. At least you can tell this is not retail. Low liquidity bearish market is really scary.
コメント:
Feels like market is fighting with a big whale who is trying to build a down trend :D
コメント:
This is becoming a meme.
コメント:
This is where bears should show up I think. Or we are going up. For 0.5 at least (~17.300).
コメント:
I think ETH chart is more interesting than BTC chart rn.
コメント:
I closed my BTC short and increased my older ETH short size. And I set a stop loss around 1250. This is actually an exit plan for me. Merged my 2 big shorts and set a tight stop loss.
コメント:
I don't like shorting BTC anyway. I think ETH and some other alts are better for short if you work enough on their PA. And if you think market is going down of course.
コメント:
A small parabolic trend but idk. It's down because stocks are down.
コメント:
It's hard to tell what's crypto waiting for. NASDAQ really weak. VIX is making a parabolic trend. Crypto bears are still not great at creating momentum.
コメント:
I took some profit and removed my stop order. I don't wanna get stopped out with a stupid wick to be honest. I'll decide manually.
コメント:
This is a good job from bears but you know what resistances are for. They are for breaking and faking. So that's a question mark.
コメント:
This is what I wanna see for better confidence:
コメント:
I see people are still so ready to feel bullish again. Bitcoin is consolidating below a major level. This fact should set your bias. Nothing else.
コメント:
Swapping BTC short with ETH short was probably a good decision. That someone is still selling ETH.
コメント:
BTC.D
コメント:
This was a curve I drew to 10k target by connecting 3 high closes since August. Look at the fight. I don't think it's coincidence.
コメント:
I like ETH short more because this is a clearer structure. Clean 0.5 correction + redistribution: