Prepare your weapons. This week end or start of next week we shall likely see a large bounce, Bitcoin is getting closer to the 9000-9500 area which is pretty strong. We can see Bitcoin is possibly forming a bullish pennant, and the 1HR RSI is getting pretty low which usually signals a significant bounce is imminent. We also just had chinese new year which is now over and always is followed by some buying. All of this makes a rise in price very likely. The goal is to look at candles and various indicators to try and buy at the lowest price, so the loss is minimal shall a bounce not occur. If we lose that support area we could accelerate downwards so watch out.
Buy area = 9000-9500 Target = evaluate as we go, keep on eye on the chart see if the resistance get broken through. The 12000-13000 area is realistic. We will also probably see an inverted H&S which will give us a target. Stop loss = stop losses are for pussies. (Sub 9000 I guess but just to buy back in 8000-8900 area)
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Fingers crossed is go down now, so I can buy (more)
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Getting ready to go shopping.
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Another day another inside bar. It could be several hours until anything happens. Week ends are slow.
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9515 order filled.
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Filling up my bags so I can supply people once demand is higher. Getting close to my 9401 order on Binance but not quite here aaah.
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Bought some more sub 9400 with what I had on Poloniex and sent that to Bitmex, GETTING READY TO SHORT *100 LEVERAGE AAAAAAAAAAHHH! Awesome. Let's go all the way down to 9200 and then bounce here. Every one is scared we keep dropping but they're not true spartans.
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I'm in the whale mind I know how he thinks
Actually I have no idea :D But he'd want to sell when demand is high (as he did before twice) not when we dropped hard.
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My hopes of buying more at lower prices are slowly fading away.
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Also getting inside bar bull breaks on the 15 minute TF (2 in a row). Are we just seing a small bounce due to oversold 1H rsi or are we actually going up? The next hours will tell.
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Broke 9500 nicely but it's still a long way before going to test all these resistances. There's not much stopping it on the way though.
That disgusting whale that did this with big big market orders:
I bet he's a large part of the big ass buy walls, setting his big buy orders. Big rich whale getting richer off people stupidity.
If you can't beat them join them...
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For the 100000000000th time....
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Target 9800-9900 then consolidate...Fall probability maybe 5-10%
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Daily candle closed... In a few days I might post this idea:
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Inside bar nb 1151615613123123 breaking up. Asia woke up, guess they'll buy now. Maybe a whale will decide to move the price to the lower part of the bullish pennant.
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When this clow fiesta complete joke gets regulated maybe single orders of 2k Bitcoins will be restricted.
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Since the lower line got touched 3 times, the bullish pennant is confirmed. I guess the top authors on trading view are finally going to see it and post that, rather than their shitty inverted head and shoulders that looks like it needs a wheelchair.
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About 15 hours till the week starts in Asia. Wouldn't mind the price falling into buying zone.
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Agree with this guy retracement zones:
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Each time I go to crypto chats, discords, in particular voice chat, and see it's still dead since 6k, when it was crowded in december and january, I remember "Oh ye the noobs capitulated that dump with high volume was the capitulation and now we recovered". The chats look like ghost towns, every one's gone. But no fear, it shall be booming again, when Bitcoin gets to 50k maybe, or 100k...
It's really shocking how active all these chats were and now ... nothing...
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Doubt we go lower and I can buy some cheap BTC :/ ...
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The latest 2H inside bar broke downwards then went back up. I would like to buy at 9000-9300 but it is having a hard time going there.
How do you get the 9.8/9.9 target? I agree with your assessment, I have the same target using multiple methodologies. Just wondering which technique you use, which isn't clear from the charts.
Mate, it's not perse whales, it's much deeper than that. The same bullshit we have in the stockmarket is now in crypto as well. Humans are becoming obsolete.
MrRenev
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@cryptogast33, 9.8-9.9 is a support and resistance price wise, we also got some EMA there, and I had a flag that pointed there, I don't even remember it all, but I saw several things pointing there. Once we're there, maybe we get rejected, or we consolidate then manage to break it. Still got cash sitting, I'll stay in this trade as long as we're above 8600.
Market makers just robbing retail traders, but there's also been some whale action. A 2000$ in price in 1 minute is not exactly natural :D
I got no idea why retail traders keep faling for the same shit over and over, but it's been this way forever and isn't about to change. All the government can do is regulate everything so they don't get crushed too hard.
I wonder if it's new people that don't bother learning and/or get greedy, or people that keep falling for the same BS. But at some point they'll get fed up and leave.
Explains the stats "80% traders quit after 1 month". Investors fuck up too.
Markets economy etc have been going up and never fell without recovering since middle ages, big spikes up have been followed by corrections, people still afraid and fall for the same shit... idk
LOL
Oh and when we get a recession in the stock market, any time from now to in 10 years max, people are going to buy houses again because it's "something solid I can hold in my hands" "and will never fail because it has real value" "people will always need a place to live".
Gotta make sure some of these crypto gains go into real estate early :D
CryptoSwindle
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@MrRenev, Agree with your observations, have those as well in consideration + fibs.
It's more going on today, japan is dumping hard. It was with a jesus candle -21% few hours ago, big volume there, now -15%, something is up, haven't heard any news. We should go at least to 9.8k indeed. Chart is painted horrible and looks fked.
I agree, real estate would be nice when we've made enough and can take it out of the bank, which they won't for large sums.
Mate, it's not perse whales, it's much deeper than that. The same bullshit we have in the stockmarket is now in crypto as well. Humans are becoming obsolete.