Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Beskrivning
⋅
I gave you a warning in my last update, and I hope you didn't get trapped like many people did. We have seen first Longs and then Shorts getting killed. The BTC-Market is extremely difficult around 8,000 USD because of super high juicy liquidity pool, which whales are trying to take advantage of by Stop Hunting.
We cannot ignore this - We gotta go with the Bulls again, and WE WILL GO ONE WAVE HIGHER even though more Shorts are coming back. As I told you before -its just bait for the Whalees.
We have witnessed extreme Bullish Market Sentiment in the global Market. BTC-dominance has fallen 2.1%(!!).
And even though the Bitcoin structure has been looking quite bearish for a long time, and a potential Head And Shoulder Formation was forming, Bulls kept buying up.
So as you can see from my drawing the right shoulder has never really formed, and instead we have an ascending bullish triangle.
So this is just a matter of time before we will go at least 8,400 USD!
D4
Please give a LIKE!
Kommentera
⋅
Just to make it clear - cause I know that there are a lot of beginners in here -which is understandable - doesnt always understand how to read a chart. And they will ask me up or down, because I have made 2 different scenarios.
This is about probability. In OUR FAMILY we give signals, and we always use money management and risk management. And we use a good Risk Reward Strategy.
And I will also encourage you guys to always to always to do the same.
I will reveal for you, that the most likely scenario is the GREEN one.
Kommentera
⋅
You can also see here, illustrated differently that the Bulls are gaining momenum even though it looked worse earlier today.
They just seem unstoppable - and then we cannot deny the huge bullish Market Sentiment. I really dont like to say this, but it seriously looks like the parabolic movement we had back in 2017 when we went to 20,000 USD
Kommentera
⋅
Boom! Super important Break Out Attempt!
Kommentera
⋅
CRUCIAL MOMENT for Bitcoin. As you can see we are inside a channel, but we are almost sliding out of the wedge if we dont manage to pop up.
Our indicators looks bullish, and also the price movement in general so we are still keeping our position in our FAMILY. We went long from around 8,000 USD and have made money.
But over all it looks fine, but as Ive said 100 times its a very toxic area due to the whales and stop hunting.
Kommentera
⋅
Boom! Our Family keeps making money on Longs. We don't care about all the Shorts. We go against the market.
Good charts and Ideas, but I'll wait for 6500 retrace, rather than feed this frenzie.
RustyKingfisher
⋅
@CryptoRabbit, Same. I'm not going long just to watch it drop like a rock.
D4rkEnergY
⋅
@CryptoRabbit, Thanks a lot - we hava made a lot of money in our FAMILY going LONG from 3k and 5k all the way up to 8k USD. You are right about its damn dangerous in this zone due to high liquitity pools. So whales are gonna Stop Hunt again again.
So really goog observations.
If you wanna go long, which we already have done in our family AND already we are up, cause we went back in from 8k, you have to be really certain what you are doing and ALWAYS use risk management, and money management etc.
But thanks for your input, mate.
CRYP7OR48817
⋅
@D4rkEnergY, and there it is....I will still wait this out a bit to see how it lays.
HyperionAllied
⋅
A bullish ascending triangle? Are you blind ? Bearish rising wedge, but i mean what can you expect from a perma bull trying to sell his signals group.
FRXMACHNE
⋅
@HyperionAllied, go get some sleep with your bearish rising wedge...you're blind.... dont you see the btc movement.....it is stronger than 2017.
kardia
⋅
@sdahiya117, we will see less and less of these people in the coming years. They can deceive themselves into believing it's all going to collapse, but they can't stop the inevitable. Future currency will be digital, and Bitcoin will play a key role in it all.
HyperionAllied
⋅
@kardia, Right, i believe in bitcoin im just saying the TA is wrong, and would you look at that, I was right. BTC to 6.3k then ATH.
kardia
⋅
@HyperionAllied, TA is usually going to be wrong in a market as manipulated as this one. Whales have an unfair advantage. Reminds me of Forex. Another shady market.
CopilotThe
⋅
New maximums below the previous pivot. Bearish patterns in smaller time frames. Careful with taking long positions after all these pumps, and if you decide to take them, set a tigh stop-loss right below the last pivot at $7,730