Panjang

Bitcoin getting ready to explode and provide 20% gains fast?

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Hello, if you read my previous idea, I was waiting for a retrace to 9200 to buy, and believed 8600 was possible. I am prepared for every scenario.
We didn't get to 9200 yet, we pullbacked to 9670 which is approximately the 0.236 retrace since the start of the bull run from 7851 to 10271, and we can now see a bullish flag forming.
Falling wedges like this one have about 2 chances out of 3 to break bullish, and seeing all the resistances we broke, 9k, the downtrend channel since 17k, etc, as well as this flag fitting in an uptrend, I believe that chance is much higher.

We climbed very fast and now we need to take a break. As we can see on the chart, the 4HR RSI became overbought, and now fell to less crazy levels.
There are 2 solutions: either we drop and we are ready to go up, or we consolidate a while, and then we are ready to go up!
I am still waiting for 9200-9300 to happen, staying in this flag it would take almost all week end to get there (:'{), we could also break bullish earlier.
But before getting there we have this green diagonal that intersects with the flag saturday evening (UTC) at 9400$.
This could be a very interesting entry if the price is near that spot on saturday evening. I will update this idea as things progress.

I would either:
- Buy on 9500-9600
- Buy on the diagonal support
- Buy on 9200-9300
- Buy on a break of the flag, in the up direction
- Not buy if we drop from the flag or stay "in the middle of nowhere"

I would feel more confortable buying when the RSI is lower, and on support, so I would buy more in these cases.

And most important, remember nothing is 100% sure, especially in crypto, so make sure to manage your risk correctly and be ready to cut your losses if things don't go as planned.

Nota

I'll keep an eye on this too...

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Hmmm

Dagangan aktif

Here we go...

Nota

RSI 15 min getting high. If we consolidate and stay above the line I'll buy more.

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Had an order open at 10125 I look away I see this thing still climbing but while I wasn't looking my order got filled :D
Feels good.
The target now is 11150 to 11300with a resistance at 10700. That is very very likely now (not 100% but close, I'm sitll not going all in as it is not guarenteed).
Beware I can't promise anything past that! When we hit the downtrend since 20k after climbing so much don't be surprised if the bulls get slapped hard!

Nota

Don't be afraid if we don't go up straight away. We keep pulling back after a break before going up. Stop loss hunters? I've seen that alot recently. Also this whole move up seems a bit fishy... Well I don't care if I keep making 12-15% it can be as fishy as it wants.
I'll take a 1-2% risk for a 15+% reward won't get shaken off this easy.

Nota

Levels I'm watching.

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Starting to be afraid :D
What happens next?

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Also keeping an eye on the inside candle

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10 bucks away from breaking bullish
priceaction.com/price-action-university/strategies/inside-bar/

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I think we need a bit of red before considering going up again.
I wonder if we just blast through 10.3k like it's nothing.
If it happens I see big volume coming in and big price spike fast.

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Right now I don't know if it's a good idea to buy or not. Some people might know how price sheer works and everything, but I don't know that.
What I do know is Binance "Advanced exchange" page is lagging, just like the TRON night.
Feels like we'll never stop... But we have to stop at some point.
This is truly crazy.
I am almost all in on my main crypto trading account (on Binance).
Hope I don't lose my internet + 4G or the site doesn't crash XD

Nota

And now let's see if 10300 holds, after that the next stop is 10700 I think, I'm not sure if there's a stop at 10500 or not, if there is it's not as big as 10700.

Nota

Desintegrated 10500.
Will it hold? Will we test 10700? Find out in the next episode.
I bought a handful of ETH also, it's not been as bullish as LTC lately, but it's turn might come...If we go above 1000 it could rise pretty hard. So why not?

Nota

I'm being careful, at this point we could go up sharply to 12k and beyond, as well as fall down hard, anything is possible really.
I'm watching these lines for now.

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I don't think it's safe to be away from a computer more than 5 minutes...

Nota

Oh look! An inside bar that broke bullish and then went back down inside the consolidation, this didn't happen often lately at all :D
So are we going down to the low of the mother bar before spiking again?
I'd expect the week end to be relatively calm, but not this time...
We could be staying in a tight range till monday thought, I hope that doesn't happen I got things to do...

Nota

How to trade an inside bar in an uptrend is really straightforward so I won't explain it again. I heard a learning site had a 10 year old on their chat doing it correctly...

Now for the specific part: we have been doing the same thing several times: going close to the low of the mother bar after going above the high, then popping off above, pulling back a little but staying above the high of the candle, and then spiking again.
Now, one could wait for the price to drop close to 10462 before buying to minimise his loss in case we go down, but there's a high chance of just missing it.

I'm wondering if the market isn't being manipulated to shake off normies as well as really really bad traders that don't respect the rules (the traders that are worse than a 10 yo that just started to learn), but that's just my own little conspiracy theory and has nothing to do with when I'll be buying or selling.

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Zooming in

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Being ready for every scenario,here's what I'm looking at in if we go down below 10462:

Still got room to grow before correcting imo.

Nota

The longer we consolidate the elss likely we are to fall.
As we consolidate I am seing a ridiculously large flag appearing.
Let's call it the "big ass flag"

I'm buying some ETH with what little cash I have left if we're still in this flag in a few hours/tomorrow morning.

We could go very farm with these impulses.

Two non-TA reason I'm seing that makes me believe less that the correction is over are:
- The billionaires that were spreading fear about Bitcoin so they can buy low are now silent.
- The public interest has disappeared. No one talks about it anymore, and the forums etc are empty, all the noobs left. The discords are now admin chats...
But I don't have a view on the whole world so maybe it's just where I'm looking that it's like this...

If we go to 4k or something I won't mind. Don't make taking 80% in 3 days. But I'm ignoring that eventuality for now.

Nota

And the same stuff that has been happening 50 times in a row (might not be exact number) is happening again. Wow. Amazing. totally didn't expect that.
I can say with 95% certitude we are going to spike, then fall above the flag, and then go up a few hundreds. The smaller flag target is 11600 something like that.

If you want my opinion, and this is just personal opinion not backed by facts, I think we're going to test that downtrend, maybe go above a bit, but we'll get slapped and fall a thousand or 2 or 3. And then get ready to test it again. I'll use a tight stop loss.

About ETH, I might have gotten that a bit early. But we might go above 1000 and then to the moon before BTC gets slapped. BTC had its turn, then LTC (100 to 300), then ETH as LTC dropped massively, then ETH fall hard, then LTC bull lead again and BTC in parallel, it's going to be ETH turn next... soon imo...

Nota

How to drill throught concrete walls in 8 easy steps.

STEP 1
Choose the right tool.

STEP 2
Don your goggles.

It’s critical to control the drill so it doesn’t run away once you begin work.

STEP 3
Make a guide hole first. Many hammer drills offer only two speeds, so turn your drill on at the slower speed for best control when making the guide hole.

STEP 4
When you start with a guide hole at least 1/8 inch deep, your drill will be easier to control, but all the same continue to operate the drill with a steady, light-but-firm touch so you’re never forcing it in.

Beware: Concrete can have air pockets and pebbles or stones that can make resistance unpredictable, with the result that it can be disturbingly easy to lose control of the tool for a moment.

STEP 5
If you hit obstructions, never force the drill farther into the concrete. This can damage the bits or drill, or cause you to lose control of the drill and mess up your hole, damage the concrete surface, or worse.

STEP 6
Periodically pull the drill out to brush away concrete dust.

STEP 7
Once you have drilled your hole to the necessary depth, blow all of the concrete dust out of the hole with a can of compressed air then vacuum up whatever has fallen to the ground.

STEP 8
Buy a lambo

Same applies here pretty much. Let's go to the greatest bubble of all times.

Nota

Barely fell a 100$ huh expected more. Maybe because of the daily candle close...

Guide hole has been made, getting ready to dig further in.

Nota

We're in an inside candle again btw (also on the 30 min chart).

Nota

Looking at that flag I posted earlier the "small" flag target would be right on the downtrend.

Nota

Hope you didn't forget to fasten your seatbelts...

youtube.com/watch?v=v-rBaT8Srpc

Some giant whales putting big buy orders in or what?

At some point if several big insitution and superrich buy hundreds of thousands of btc, Tether really be a problem... They'd just offer to buy Tether to keep crypto from crashing out of fear. Or they'd let it crash so they can buy even more?
I really don't know tbh lol. If some giant funds bought a ton of btc would they want the price to fall so they buy more? Don't they want the price to stay above a certain level so their investissors/clients stay happy? Like right now it looks as the price is being forced above the trendline... Or private buyers? How much money does Macafee have lol?
Oh well... whatever.

Nota

Nevermind guess I was right after all, we fell more than barely a hundred. Falling to the high of the earlier mother bar, question is now, are we going to come near it and then go up or go under?

Nota

Not allowed to sleep because some greedy whale with psychological issues is playing and wants MOAR MOAR MOAR or something...
Wtf is this??? ===>i.imgur.com/jhxDBJF.jpg

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Buying some more ETH, let's see if we hold 10500...

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Just going to go sleep letting all the auto stuff take care of itself.
Got alarms slightly under 10300 hope my ears don't get destroyed...

Dagangan ditutup secara manual

Sold a while ago.
Grew my account a couple of percent, nice, but why does it always have to be at night?

We now bounced on exactly the 0.382 retrace since the start of the impulse (ok went 6$ below), so I'll be watching next levels. Going to buy at 9800 see how this goes, then 9500.

Nota

9800 to let's say 11500 would be 17% that's being quite realistic.
Can be even more than that.

Nota

It didn't go in a straight line (obv), I played it suboptimally because I was so damn tired and didn't make as much as I could have, but someone that played all of this great would have taken over 10% on the first impulse to 11200, and is about to make another 10%+ on the way tp 11600 maybe.

So if we get there I will have been true to my word :D

(And idk maybe 15% for someone that just stayed in all along)

MrRenev

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