Gentlmen, friends, traders. A simple update. I click on just a few posts on trading view and people are spewing stuff about tops and making up signals to gain hits. Folks, don't get caught in all the malarky going around with people looking for excuses to enter trades. Stick to your guns and analysis
Simple explanation of what's going on. What does that look like to you? Topping action? a double top? Or maybe it is what it looks like... AN ASCENDING TRIANGLE. The simplest explanation is usually the right one. Maybe also it's that because of the strong weekly MACD!!!
What if it isn't? Doesn't matter. We already made out huge with the run up to 7.5k. Re-entered in at 7.2k. We have our stops in place.
Don't let the shill posts get you! I saw someone literally draw channels out of nothing and downward pressure and they have 50k in followers, WTF.
That's all.
-Sherem
Simple explanation of what's going on. What does that look like to you? Topping action? a double top? Or maybe it is what it looks like... AN ASCENDING TRIANGLE. The simplest explanation is usually the right one. Maybe also it's that because of the strong weekly MACD!!!
What if it isn't? Doesn't matter. We already made out huge with the run up to 7.5k. Re-entered in at 7.2k. We have our stops in place.
Don't let the shill posts get you! I saw someone literally draw channels out of nothing and downward pressure and they have 50k in followers, WTF.
That's all.
-Sherem
Note
And if you are new to my posts please read the previous ones.... here are a few examples.
Note
Click the play button. BTC is chilling on my trendline. Remember, stops in place to lock in profit/break even if it breaks down. And we are in position for a move up.Note
We bust this 8300 level and we move up in a hurry. It's only a matter of time now.Note
Up we go! We knew it was just a matter of time.Note
It appears to be just a mini bull flag right now. but don't be surprised if we get a quick move down before going higher.
Note
This 8,300 level should act as support folks, but be really careful, if we bust down past 8k, we could move down much more. Make sure your stops are in place.Note
This 8k level is providing support. Placing a stop just below 7,900. We could get a substantial down move if we continue.Note
Booked plenty of profits. Stop hit. We will be moving down now.
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Related publications
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.