Bitcoin. Ponzi's over. Trust me. RIP Hodlers. Part 2.
Updated
All the spamming I did since 2018... and it seems like no one remembered anything I ever said...
I am never becoming a teacher count on this. Not in my skill set. I'd just throw rocks at students.
There are 2 things that work GREAT with crypto:
A- Bullish and Bearish pennants
B- Trendlines retests
C- (It's a secret)
Some people might remember I said a few times that Bitcoin had a tendency to retest trendlines, here are some examples:
The trick is to get it right... Zoom out zoom in... How do whales draw them?
You need to do it the same way they do (maybe if we ask Charlie Lee really nicely - not a chance).
There are 2 lines here, plus the 11.5-13k resistance area
This is the best drawing I think.
OR, rather than spend time trying to do analysis and whatever to make sure , you could just go look at other markets :)
Or only short if it makes the perfect top. Even if no trade, still interesting and educational.
A good entry should be somewhere between 11600 and 12900.
It can go down without giving an entry...
11600-11900. 12700-12900. 19000. 29500. Stop loss can always be 5% to 10%.
Bare minimum to take profit 20%. Otherwise, good to take half out or tight trailing on some of it / all of it 35%.
Good luck.
I am never becoming a teacher count on this. Not in my skill set. I'd just throw rocks at students.
There are 2 things that work GREAT with crypto:
A- Bullish and Bearish pennants
B- Trendlines retests
C- (It's a secret)
Some people might remember I said a few times that Bitcoin had a tendency to retest trendlines, here are some examples:
The trick is to get it right... Zoom out zoom in... How do whales draw them?
You need to do it the same way they do (maybe if we ask Charlie Lee really nicely - not a chance).
There are 2 lines here, plus the 11.5-13k resistance area
This is the best drawing I think.
OR, rather than spend time trying to do analysis and whatever to make sure , you could just go look at other markets :)
Or only short if it makes the perfect top. Even if no trade, still interesting and educational.
A good entry should be somewhere between 11600 and 12900.
It can go down without giving an entry...
11600-11900. 12700-12900. 19000. 29500. Stop loss can always be 5% to 10%.
Bare minimum to take profit 20%. Otherwise, good to take half out or tight trailing on some of it / all of it 35%.
Good luck.
Note
It seems I do not get insulted in my BLX ideas, too early to tell maybe?Just going to post those for serious stuff and BTC charts with a red background to bait triggered baggies.
Since I did not get insulted I will share the best trendline there is...
I might share more I don't mind...
Maybe I should make a discord to "filter" these people...
Note
No doubt, this is the correct trendline.Not going to be very interesting if it takes forever...
I do not think it will.
I think in a couple of weeks the price will revisit 7000.
Note
I am done with the chinese Renminbi, Bitcoin will be my main trade soon.I am looking forward to it.
We are in 2011 inverted. Bitcoin is making a zig zag up, bears are getting ridiculed.
People that bought it 2011 got rewarded hundreds of thousand of percents.
Sellers won't that easilly. It is much harder. But we can compound it.
Scale in 12000-14000.
I think BTC should top at 12700. But it can go to 13k np.
Stop loss will be 14050 something like that.
We will get funding and that will push the stop loss a bit, probably.
Target $500. Take profit at 7000 to be safe. Maybe use that profit to re-enter.
We can't make as much as those that bought in 2011. But with careful take profit and re-enter we can make good gains. And the educational part and satisfaction part is even greater than 2011 bulls.
They got praised. And no one makes death threats to you for being bullish on something even if they think it is a scam and going to zero.
If you predict a long bear market and are proven right, people will still hate you.
We are not here to be popular. We are here for greatness.
It is lonely at the top.
Note
If we repeat something like late 2017 I am going to LAUGH.How do these people get scammed twice? XD
It is happening soon, I am eager. I will try not spamming too much.
1 year bear market
9 months bull market
2 years bear market
1 year bull market
1 year bear market
ZERO.
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