BitBull - EZ Long Setup
Updated
If this setup busts:
a) I'd be sort of surprised
b) Props to the trap-setters
c) Would be a sign of extreme weakness
Probability and basic charting suggests that a long position from ~32k - 50k is as good as gold.
-BitPigBull
BITBAY:BTCUSD
BITPANDAPRO:BTCEUR
BITBAY:BTCUSDT
a) I'd be sort of surprised
b) Props to the trap-setters
c) Would be a sign of extreme weakness
Probability and basic charting suggests that a long position from ~32k - 50k is as good as gold.
-BitPigBull
BITBAY:BTCUSD
BITPANDAPRO:BTCEUR
BITBAY:BTCUSDT
Comment
Potential Alternate Entry. Same concept, trade is still good, etc.Comment
FYI, chainlink is entering three of three, if youre bored waiting for BTC..Trade active
1/2 pos inTrade active
Up fractal (5-min) at 7:00 am ET is a pretty solid trend reversal confirm.Since I cant trade for the next hour, my full pos in even if theres one more dip.
Also long chainlink. good luck bulls.
Trade active
im gonna guess that if theres to be a BTC eruption, it will start 2:05 pm - on the crypto dot.Henceforth, I took my Chainlink profits/entire position and converted all into BTC.
Will likely get back into LINK if it makes new ATH, since I still see further melt-up in the near future. BTC is just more definitive and this is a decent spot to add, I do believe.
Should be fun after 2 pm, will be thrilled if it starts before then.
Trade active
Careful here. Should be ok, but this taking much longer than it should.Trade active
Held and added. Long until 49500.Trade active
Last note/update til I either exit prematurely or exit at the target:33k is likely gonna see another test. If BTC falls below the recent low of ~30900, id probably just exit entirely. Not worth the risk at those levels, plus if its a fakeout, youll be able to know pretty quickly for re-entry.
Trade closed manually
Im out for now.Dow just made a lower low for the first time since 1955.
Now, if the stock market sells off hard this week, then Id like to see if people run to Bitcoin or Gold before I hold either. Just based on technicals and relative value, my best guess is gold.
Either case, I cannot in good conscience support a crypto melt-up after seeing the Dow technical breakdown just now.
GL.
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.