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BTC Day Chart ANALYSIS UNPREDICTABLE REVERSAL?! JPMorgan WHALE?!

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BTC 1 DAY Chart. Los Angeles 9:42 PM.

Bitcoin is currently ending its bull trap and it seems like it could up-trend without any notice. If you zoom out, you can still tell that we are in a bearish downtrend. Some things I noticed this past month was the sheer number of buy orders that were being hidden within the FUD sales -by looking at the book order/market dept- and lo and behold couple days later, news break that JP Morgan/Institutional money bought into Bitcoin this month. With Institutional money being hedged in the crypto market, hence BTC, I don't think prices will drop to or below $2000. Though, if it decides to dip all the way down to the recent lows, I'm ready with my auto buys set at $3468, $2950, and $2700.

I believe that there needs to be a clean bounce from a double bottom in order to push BTC back up to the $4000 ranges - where the beast will be met with resistance and stability. Currently the price action is floating within the kumo(cloud) showing signs of Neutral movement and continuation of the bear market.

Two days ago, while I was waiting for the beast to leave its lair, I've been doing a lot of research and some people have been claiming that BTC has the same reversal pattern from May and June and that the up-trend was supposed to start yesterday. That made me Fear of Missing Out and I wanted to pull the buy trigger while the prices were still going down! Thank God Lord Baby Jesus, for NOT buying on IMPULSE and being disciplined. While my eyes were tempting me to get back in bed with the beast, my gut and logic told me that I could find profit elsewhere. One thing for sure is this market is unpredictable and historical analysis is not enough when it comes to forecasting reversals. A reputable person on YouTube Live, made a disputable call that BTC and Litecoin was going to up-trend -yesterday- and he explained it so perfectly that I almost gave up my cheese. I learned a new lesson that this market is not your average gal and that she's always going to be unpredictable like your wife. Like when yes means no and no means no.

I told myself was WWJD. "What would JPMorgan Do". If I worked for an hedge fund, I would wait for the price action to be above the Ichimoku kumo cloud before putting my money back into the market. If I was a real investor for other people's money, I would wait out the losses and position myself back in the market when it is recovering. Even if it means I won't be buying at the lowest dip $3000, at least I know my money will continue to grow and remove the uncertainty of finding support under the Ichimoku cloud. Though I have to say, if I was a whale with money I can risk, I would buy during the bear market to hide all the buy orders in the red candles. This way, it won't look like one guy pumped hundreds of BTC and stick out like a sore thumb. This would hide my huge position in a coin and I could sell it off later without people fearing pump and dump.
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BTC 1D TIMEFRAME HOPEFUL AND POSITIVE GOING TO BED PEACEFULLY
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCBTCUSDBTCUSDTChart PatternsTrend Analysis

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