I'll go long at 9700-9800. Set my orders relatively low to minimize my risk, if I miss it because of that I'll buy on the break, considering we do form a flag as I drew it (the flag structure is not confirmed yet might look a bit different in a couple of hours).
You're going to need alot of popcorn for the next week. It's going to be a beautiful show!
Let's go drill further in that wall.
Seriously, if you remove the time x axis it's going to look like a drill.
I'm 30% in actually because we pulled back to 10705 on Binance earlier and I had an order sitting there at 10709 that got filled.
I think we're going to spike to 11200 next then pullback 200$.
And after that we break the high of yesterday. Let's see...
Till then we should keep going up with ~2-300$ dips when 15 min rsi gets too high, 1HR could bring the price down 4 to 500.
Just go up so I don't have to be ready to react fast and look at the price every 5 minute.
Increased my new buy order by almost 20$.
We got a beautiful doji this time (= market indecision)
In my own opinion we are just recovering from the impulses up and need to cool down the drill before we can go further up.
About to break btw...
If the same thing as last time happens (with the lower downtrend where 9k was rejected then broke throught later) - in my short idea "Bitcoin, safe trade good reward low risk." (miss that one qq):
Every one calling double tops into "4k confirmed" and all need to chill out.
How about we see how this plays out before making crazy calls?
We're so close to the finish line, would be stupid we just go to 7 k now lol.
The low of the previous 4H candle is 10845. That's a level below which I'd start worrying.
But can this happen with the buy walls on Gdax? It's all even not like a couple of fake orders put there...
I'm considering buying more but I'll be in commute so I can't do that :/
I believe traders locked in some profit there I know I wanted too, which caused a few noobs to panic sell hence the 3-4% drop.
And what do we have on the 2 hour chart? That's right, yet another 2H inside bar!
Gonna set an order close to 10900, and my sotp loss will be right under...
- We clearly reject the downtrend, I'll close everything and look to buy back somewhere around 10000 or 9500
- We break! And not just a lame fake break. I buy more BTC and sell somewhere around 12-13k which is where we'll be headed but not much more with overbought 4HR RSI. MagicPoopCannon in his last BTC post 3 hours ago says there's heavy resistance at 12700 and I'm too lazy to check right now, so I guess I'll sell there. Maybe I'll check a few other authors, or just draw all the lines etc myself...We're not there yet anyway so it can wait a little longer.
Guess that could have been an occasion to make a quick buck for anyone with a fishing order around. Mine was an another exchange, the large sell order was on Bitfinex, the other exchanges didn't go as low.
Sell 500 Bitcoins to make profits all day long... Fat whale looking to be fatter...
So it does scale! Once you really got big, you can keep making money!
All you'll need to do is manipulate the market.
Does that whale have more BTC to sell to drop the price if we get too close before the day closes?
If we go up this means we're going to see 1 day of bullish action, which makes breakign the downtrend without pulling back much more likely, and buying Bitcoin at 6k will be a thing of the past...
If we see a sudden huge buy spike at some random price, we'll know it's market manipulation at its very finest.
If we go up to 12000+ I make good profit, thanks Mr. Whale I guess...
Ready to buy on a break above that bar but only if we pullback and I'm not in bed.
Log into your account. Go to "Account Balances".
Press F5. Good.
Ok now press F5 again. Good.
Make sure to press F5 once more.
Alot of money on the sideline waiting to see what happens.
Don't be surprised of a 1k move up in less than 1 hour when we go above (if we do).
Some people are saying we broke the downtrend but we haven't yet. We touched it but didn't go above.
If you don't have 2 left hands and can draw a line correclty, this is what you'll see:
Maybe we get some kind of falling wedge:
Makes sense that we bounce on 10500 or 10000 next.
I'll buy around 10500, hopefully I'm near a PC when we get there, if it doesn't hold I'll buy a bit above 10000.
If I was able to focus on trading fully I could buy big at 10400 expecting at least a small bounce even if that's not the bounce that brings us to the downtrend, sell for a little profit if it doesn't look like it'll hold, and then buy at 10000, etc.
And if we don't go down there but go up right now from here...RIP
The general sentiment is not positive.
Alot of people are still making 4k calls (ignoring price action) and saying they still believe in their idea that we go to 4k 2 weeks after the dip to 6k (so we're going to go back in time?).
It is no secret whales have been buying alot. And selling.
A single adress poured over 300 million usd into Bitcoin from the 09 fev to the 12 (https://blockchain.info/address/3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64).
And we get these sudden sell orders that trigger people stop losses, or make the price dip long enough so the resistance at 11.250 holds until the day closes...
Crypto stays unregulated, and right now the price movements are not the result of the whole market sentiment but of a few.
Watching if it holds or not...
Past that nothing is stopping it for a few hundred I guess.
Now's a bad time to go to the toilet... Going to have to hold it mmmmmmmm
Note to self: Bring TradingView Password to work because Firefox is pure trash.
Am I seing a good trade setup? No way.
Not going to take a trade till I see something.
I just want alts to stop depending on that useless thing that "was here first" and go day trade NEO till I'm old.
Ah the good old days of 5% in 45 minutes while I play GTA...
Bought back in. I hate myself.
Only small amount thought. Going to try to sell at the top maybe we break 12k and go all the way to 12800...
I'll buy on large pullback later when everything is more clear.
So Bitcoin did blow, but in impulses, and each time the follow up was pathetic.
This is as unconvincing as it gets.
Patience is key and less is more, but for those that can't wait there's always playing with small amounts. Or buy in the recovering (?) stock market.
We should keep going up till AT LEAST 12KISH
Good thing I didn't end up buying.
I'm not sure where it could dip too thought :/
Go test the trendline? Down to 10800? 10000-10300?
I could just buy at each of these levels...
I don't know where we're going, but we haven't dropped this hard since 6k.
Good thing I openend an ETH short in time, but bad thing I only got less than 10% of my trading money in Kraken or I could've shorted MOAR.
I think I'll risk buying at 10000 :p Spaaaarta. If we get there I'll probably be at 100% profit on my Eth short anyway.
<3 bear market, <3 whales dropping the bass, <3 panic selling, give me more.
Let's just hope this 1 person doesn't decide to sell...
Go trade FB 500 billion valuation & regulated, way harder to manipulate and everything.
~10000 is my favorite area, it could reverse anywhere, and 10500 has a chance, but whatever I do I'm sure I'll buy at 10k, expecting at least 5% here.
Maybe I just go set orders on that area and if it doesn't get there I just miss it whatever.
Got any target for a short on ETH? 800 or less possible?
It's extremely risky to buy now, since we're in abc correction. Max gains from A is so little with so many risk, for me it's not worth it. If it breaks red box, I might consider to buy back in little bit 1-2% of my fiat. If break below C, we go in bear market, as it can be first wave and this can take many weeks to recover from (I've taken in consideration to quicken up, as volatility and market participants are growing).
Market manipulators don't care which way it goes, they have enough money to do what they want and profit from opposite sides as well. That's why I will never hold crypto until regulated, only trade.
Ye we're in an uptrend but it looks weird. I want to buy on a major pullback it has to happen at some point. I'm at home now thought so maybe I can see more clearly.