Bitcoin. History repeating itself. Simpliest of all patterns.
Updated
Warriors!
Bitcoin closed into a weekly inside bar. Huraaaay!
Now what happened the last 10000 times this happened 95% of the time? :)
It's just too simple ... Why am I handing this for free?
I should say "What happened last time we had a weekly IB on an uptrend or downtrend" but Bitcoin is ALWAYS on an uptrend or downtrend.
Let me remind you thought in the screenshots below, what happened the last HUNDRED+ of times (not even exagerating) a resistance (inside bar or other) got broke during february.
The range is pretty large you might not want to risk 30% on that one thought. So make sure to zoom in and every thing. For my part I will close my longs at 12500-13000 and I believe we'll go down to 9500-10300 this is where I will re-open longs.
The volatility is getting lower thought, so you'll have to be patient. I'm giving Bitcoin 2 months to reach 17000 (or very close to that).
The day also closed into a doji. From my previous ideas analysis I believe we go to 12700-13000 next week then we correct. Not 100% sure thought, we had no great near guarenteed signals last week only a pennant with a minimum target of 11600 which got reached and after that it's just trying to find out what's most likely.
Keep an eye on the pink line, possible we go test it at around 10700.
Bonus:
Other bonus, why we're not in Bitcoin's bubble. Not even close.
Now let's compare that monster to 2011 :}
For education:
priceaction.com/price-action-university/strategies/inside-bar/
investopedia.com/terms/i/inside_day.asp
I'm a capitalist! If I help anyone become a millionaire throw me a bone:
BTC: 16RhxPFQMojFbx4RH43q2AJGbsEA2beXDi
NEO: AWumxR3JdVY2DVgxXE6y4AF4zKG2GHA8h5
ETH: 0xb825b1cbf25901eb50e157ba57476aa37318ab1a
LTC: LMjVBfFjJWajGLfwJayvkbDDsxvTYR8uSB
+++ I am not a financial advisor (good luck finding one in crypto). Trade at your own risk +++
Bitcoin closed into a weekly inside bar. Huraaaay!
Now what happened the last 10000 times this happened 95% of the time? :)
It's just too simple ... Why am I handing this for free?
I should say "What happened last time we had a weekly IB on an uptrend or downtrend" but Bitcoin is ALWAYS on an uptrend or downtrend.
Let me remind you thought in the screenshots below, what happened the last HUNDRED+ of times (not even exagerating) a resistance (inside bar or other) got broke during february.
The range is pretty large you might not want to risk 30% on that one thought. So make sure to zoom in and every thing. For my part I will close my longs at 12500-13000 and I believe we'll go down to 9500-10300 this is where I will re-open longs.
The volatility is getting lower thought, so you'll have to be patient. I'm giving Bitcoin 2 months to reach 17000 (or very close to that).
The day also closed into a doji. From my previous ideas analysis I believe we go to 12700-13000 next week then we correct. Not 100% sure thought, we had no great near guarenteed signals last week only a pennant with a minimum target of 11600 which got reached and after that it's just trying to find out what's most likely.
Keep an eye on the pink line, possible we go test it at around 10700.
Bonus:
Other bonus, why we're not in Bitcoin's bubble. Not even close.
Now let's compare that monster to 2011 :}
For education:
priceaction.com/price-action-university/strategies/inside-bar/
investopedia.com/terms/i/inside_day.asp
I'm a capitalist! If I help anyone become a millionaire throw me a bone:
BTC: 16RhxPFQMojFbx4RH43q2AJGbsEA2beXDi
NEO: AWumxR3JdVY2DVgxXE6y4AF4zKG2GHA8h5
ETH: 0xb825b1cbf25901eb50e157ba57476aa37318ab1a
LTC: LMjVBfFjJWajGLfwJayvkbDDsxvTYR8uSB
+++ I am not a financial advisor (good luck finding one in crypto). Trade at your own risk +++
Note
Comparing 2014 to 2018:Man I'm at work can't have orgasms and soil my pants.
This inside bar is m*fking HUGE. Its going to be so powerful 99%.
I'll long I'll short whatever don't care if I lose 1% when it breaks above or under it's going to go FAR.
Note
If we end the month between 6000 and 11788 the big investors are going to kill each other irl to buy some BTC without moving the price...Note
Note
Looking at previous March months...Also the inside months I showed you in this idea are NOTHING. NOTHING.
PATHETIC GAINS.
Back in the days 6$ to 1200$...
Don't be surprised if we hear a story about Hedge Fund people fighting each other or some murder story. No wonder whales would want the price to tighten up.
IF we get an inside month, not saying we will, but IF.
IF we do target 100k is conservative.
Note
Mt Gox is baaaaack!financemagnates.com/cryptocurrency/news/mt-gox-trustee-liquidates-massive-amount-btc-bch/
Bonus:
cointelegraph.com/news/possible-hack-of-third-party-tools-affects-binance-exchange-users
techcrunch.com/2018/03/07/sec-says-cryptocurrency-exchanges-are-an-unregulated-mess/
Trippppple kill! 1500$ drop in 2 hours.
Note
9280 survived these 3 news at the same time.Could be a strength sign.
It doesn't matter thought.
All that matter is do we stay above 9280 or not?
Losing 9280 (not just noise) = death 99.9% chance.
Note
Nevermind QUADRA KILL!All within 4 hours or so...
coindesk.com/report-japanese-regulator-punishing-crypto-exchanges/
AAlFadhala told you how this worked...
Want to sell: lots of bullish news.
Want to buy: lots of bearish news.
4 news at the same time? Nah that's too much to be a coincidence...
I bet there's actually more if I look for it...
Probably newsmakers see this and decide to print something to add to the FUD.
They always have articles ready in advance (like incase someone famous dies).
Note
If we lose 9280 we go anywhere from 6000 to 6900 depending when it happens this month. We'll have a monthly inside bar.Also look at this line (linear chart this time):
Note
Let's get a monthly inside candle like in the good old days!If we fall sub 6000 I want to short, but a huuge bounce could happen at any time...
Pretty risky.
Note
TA works too well in crypto it's weird. No idea how people are still losing money.We had one week of bearish move after breaking the weekly inside bar.
Note
Proof I sold the top and bought at the bottom in March some fking wheelchair struggler clown doens't believe starting to get on my nerves."Sure sure sure" that's all these peasants can say, just because you're a piece of shit disabled struggler doesn't mean other peopel have to be to.
Thanks for the money little shit.
twitter.com/Nice_Guy_Trader/status/984222627605561344
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