Long

Updated

btc-usd mission to 7.5k at least

the current dump is just a shake out.

Look at the volume and compare for yourself.

Inverse head and shoulder is coming

sit tight and enjoy

P.S this is not financial advise

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we are slowly rising back to previous dumped price . Such an obvious shake out if we look at volume :)

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market makers are trying to shake out as much as long-short positions before moon action starts

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long sideway, price has tried to go lower but CAN'T. Bear momentum indicator has decreased. The LONG is still on track :)

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multiple doji on daily. It seems like btc wants to end the weekly candle first before starting next action. The next break UP or DOWN between the 2 blue lines will be intense

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even though i am bullish, i can't ignore the bear scene :)

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Bravo my Bull

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this is getting nowhere. Bull doesn't like to push up, bear is afraid at pushing down. We are basically in sideway-trading . i really have mixed feeling because some alts have already reached local tops and are ready to retrace....
The weekly candle is pretty ugly . Tweezer pair formation
However, the lower time frame still look good

Either this monday or tuesday will tell us a clear direction

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chart looks much better now. I expect a pump within today. Let's see :))

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and so bitcoin's rally has started with the positive news today financemagnates.com/cryptocurrency/news/blackrock-to-start-trading-cryptocurrency/
we can forget 5k$ for a while :). i only say " for a while" . lol

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this rally is a strong one. We will have consolidations/correctionss in the progress. You should ultilize those as a mean to buy dips. If you have already been in position, just sit tight and buy some popcorn to enjoy the show :)

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1hr, 2hr have shown momentum decreasing
but not on higher timeframe
we might test 6.8k and start correction to find support and then break 6.8k later. Everything is on track for the moon ride :)

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this bull is totally different from other bulls in previous weeks. This is a strong bull because of lot positive upcoming news

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6400-6500 range is an ideal place to reload

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correction is coming

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the bull this time is strong. But no need to rush in if you have no position. It is overextended now.
So if it breaks 6.8k and goes higher, later it will drop down to 6.8k again
if it can't break 6.8k, it will retrace

So no need to be in hurry

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crazy break out. Lol

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obviously , now it is not the time to jump in. Bull is overextended. A good buy range now will be 6.8k-7k . Bull is back :)

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lol, we are trying to reach 7.5k

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we hit 7483$ which is also consider around 7.5k. Now we will start retracing. This overextended bull is crazy. New lesson for me . Lol

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supports to buy

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im expecting 1 or 2 day cool off, then alts will start booming

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let's have a closer look. We have just broken out the LONG-TERM downtrend on Log scale. YEAH, btc loves Log scale chart. My green line is log scale mode, pink line is for normal mode. We had a massy jump today and stop near 7.5k which is a resistance. RSI is already overextended and bear divs everywhere, even TD candle 9 too.
So we will have few days to cool down, and even might test the green line .
The current bull is strong just like the one on April, so this is just a START of the bull.
what we should do is to buy every dips, NOT to short :)

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after cooling down, btc will attempt to test the pink line which is around 7.7k-7.8k.

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look like btc is attempting to test pink line now 7.7k-7.8k, this bull is so strong. The pink line is a strong resistance, I will be shock if btc can break it without having any correction :)

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the current bull is a strong one. If you are still in position, great , keep on holding and sell when you see weakness .
if you don't have position, don't fomo to be in now. With only a possible 300$ + up more, it is not worth at the risk.

we don't have a proper retracement up until now so it will happen sooner or later

I think the retracement might start on Thursday or Friday.

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this is eth-usd 's chart. It is facing another big long-term downtrend now. The pink line

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btc's consolidation mode right now is very similar to the one's yesterday. The bull is really strong this time. Some people say that after we reach 7.7k-7.8k , we will start dropping slowly down to 5k range.

i will honestly say that that chance is pretty much 0% :)

we will break it .

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I don't see bear signs on btc except oversold RSI. However, I see lot of bear sign of ETH-USD.
if the correlation between ETH and btc still hold, then we should expect the drop from btc sooner or later before going up more

if I am WRONG , I will "trade close" this post to punish myself :)

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goodluck to whoever buy above 7550$+. This rally is different from yesterday one. It has similar chart but the situation is different. We are not in break-out situation but we are facing big resistance ahead instead :)

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and this is Market maker's gift "Bull trap" :)

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welcome to corrections :).

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I have mixed feelings now. Seeing how coins breaks their uptrend line in USD term and some alts have made new lows in term of btc. Need to figure out what is really going on because we might not escape the long-term downtrend. Overall, we are still in corrections for next few days. Bitcoin will start dropping more today

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lol, before going down, bitcoin has tried to make a bull trap again.
Time for correction

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watch out for breaking out again. Bull is strong

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these rejected 7500$ wicks are bothersome. We need to hold above 7.5k+

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hi, welcome to bloody weekend :)

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so we have refused to retrace again . Look like we can watch for breaking out if btc can HOLD above 7.6k. I still prefer at going down instead :)

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indicators still say that we will go down

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all eyes are on btc now. Everyone is waiting for a move :).

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who has just bought ? you are trapped :)

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now we have enough reason to drop . Instead of using bad news, they use bull trap like previous times to shoot down btc. It seems like the sell signal is a good one

Trade closed manually

trade close. New post :)

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JackieHuynh

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JackieHuynh