Hi guys. i have not been writing long now. i invested in alts, btc longs, took profit, last sunday, from then saw the market correct.
not much to say, btc could be in its final steps to 6.8~6.9k again, retesting resistance of the downtrendline of yearly highs made on bounces.
guys, do not afraid to go long. who am I? turningmecard, who nailed at least 8 out of 10 BTC moves. I nailed the fact that it go to 6.8k, before that, i nailed the boost up to 7.1k, 7.3k...so many times. this time, it is just the same. it will move up.
this is the chart here. one more test of resistance at 6900 is definitely in the cards.
if it wants to dip below 6k it needs to make a bear div in indicators. heavy drop of 1000, 1500 dollars? it needs a clear crystal bear divergence on time frames! especially 4hr, and daily.so easy guys! BTC drop to 5k=break of monthly 20MA(3year support)=break of 6k=it needs clear bearish divergence which tells that 6.8 6.9 is the top! that is so easy, so classic!
you see, 4hr rsi is making a HH and HL every time. that indicates the market is still bullish, this is a consolidation! a retraccement!
BTC will never go down to 5k, before a perfect confirmation in that! if any trader knows this, they go long, buy at each support levels.
i believe it is going to go up to test 6.8, 6.9 again. it may be the last chance to penetrace through it. i think we will go sideways,
drop more even to 6300 zone, maybe, but between 27~october 1st or early, i think we will go up again.
however one risk is that 6100 is a double bottom zone, which triple bottoms never work in bitcoin world! so below 6200(6188 for bitmex, is no buy zone for now)
trading plans.
1.open long
6400/6300(6270~6280)/6200
target:6.8~6.9k, even higher
ladder up you moneyw as price goes low. mostly should end at 6290~6300 level.
stoploss:6100(if you are conservative, put stop at 6170)
2.open short
let's open shorts at high prices. not for now i think. i sold my shorts at 65 level, which i opened at 67 zone.
cheers!
not much to say, btc could be in its final steps to 6.8~6.9k again, retesting resistance of the downtrendline of yearly highs made on bounces.
guys, do not afraid to go long. who am I? turningmecard, who nailed at least 8 out of 10 BTC moves. I nailed the fact that it go to 6.8k, before that, i nailed the boost up to 7.1k, 7.3k...so many times. this time, it is just the same. it will move up.
this is the chart here. one more test of resistance at 6900 is definitely in the cards.
if it wants to dip below 6k it needs to make a bear div in indicators. heavy drop of 1000, 1500 dollars? it needs a clear crystal bear divergence on time frames! especially 4hr, and daily.so easy guys! BTC drop to 5k=break of monthly 20MA(3year support)=break of 6k=it needs clear bearish divergence which tells that 6.8 6.9 is the top! that is so easy, so classic!
you see, 4hr rsi is making a HH and HL every time. that indicates the market is still bullish, this is a consolidation! a retraccement!
BTC will never go down to 5k, before a perfect confirmation in that! if any trader knows this, they go long, buy at each support levels.
i believe it is going to go up to test 6.8, 6.9 again. it may be the last chance to penetrace through it. i think we will go sideways,
drop more even to 6300 zone, maybe, but between 27~october 1st or early, i think we will go up again.
however one risk is that 6100 is a double bottom zone, which triple bottoms never work in bitcoin world! so below 6200(6188 for bitmex, is no buy zone for now)
trading plans.
1.open long
6400/6300(6270~6280)/6200
target:6.8~6.9k, even higher
ladder up you moneyw as price goes low. mostly should end at 6290~6300 level.
stoploss:6100(if you are conservative, put stop at 6170)
2.open short
let's open shorts at high prices. not for now i think. i sold my shorts at 65 level, which i opened at 67 zone.
cheers!
Note
Note
Note
Note
Note
ok. sold my shorts opened at 6500/6520, at 6437, lets see more movement from btc, if it would make a higher high, or lower high from now.Note
Note
Note
oops! i was wrong! i thought it would give a retracement to 6300ish, and go up. believed the indicators too much. but...times like this, people who just buy when coins are cheap are winners! my stoploss was cut at shorts opened at 6550. i will take a breath and see now.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.