Bitcoin final buying time incoming, ALL OR NOTHING
Hi guys. this is the final moment that I am waiting for so many month studying btc and alt coins trading.
NOW, final buying time can come in this week. this is a all or nothing trade now, since i think breakout time should be 17~22th time range. i will show you time range, with bitfinex, bitmex, and coinbase,bitflyer chart.
short term, btc looks weak with bear flag in play. bitfinex might drop to 6300, and bitmex and coinbase to 6250. it might not drop that low defending 6300. if we defend 6300/6400 area for next 4~5 days, just buy then. this is where you buy alt coins now, with stoploss under 6200(bitmex, bitfinex, coinbase) altogether. i do think btc can drop to 6100 or 6000, or even 5800 before breakout, but assuming the ichimoku clouds resistance, it will have very hard time regaining confidence if btc drop too much. so technically 6200 under is stoploss(for bitfinex), but i do think we have chance to drop to 6000 or even lower before breakout. so, buy at 6200 zone, but if we break under, stoploss some of your coins and rebuy below.
now daily basis 4 exchange charts.
so daily basis, btc must breakout at 17th~22th time range for all exchanges. clouds do get thin at dec 4th~5th period,except bitfinex, but i doubt that. because many altcoins also have thin ichimoku resistance until 22th november, and it is the best time for alts to break up from the downtrend channesl like ETH and cardano and many major alt coins. that time range, and cloud resistance was also broken upwards last year.
also, the most bullish exchange, bitfinex needs to break above 6800/6900 at 18th time range, or clouds just become thicker if that does not happen which makes bitfinex bearish, and that would lead to more bearishness to other exchanges.
so in overall, all or nothing trade leaning on to a bullish rally in end of year, needs to show strength until November 17~22th time range.
IF, we do not surpass at least 6600, or lost likely 6800 and 6900 before that time range, we need to sell our coins. then, i think end of year downtrend fall can come instead of uptrends. we can sell once at that period, if we do not surpass the daily ichimoku resistance at 22th~23rd November.
after that, we can wait until the end of the month. there could be a miracle that it breaks out at December 3~5th period. then we rebuy.
this week will judge everything, entire bullrun or not situation. volume is decreasing now. but volume, if that hits lower levels it will bounce off up.
problem is, would we see a 500 dollar, 1000 dollar bull run start. if we just form some bearish rising wedge with volume decrease, just like last week, this is critical to the crypto world, and we have to consider investing, trading this market even. so a ALL or nothing bet needs to be conducted the following week. i believe, even we do not surpass 6800/6900 level, we will have an short uptrend again, so we would not be losing money. all we need to be timid is the time range with the breakout. this scenario is what i have been telling you guys from weeks now. i told you last week's uptrend is a bearish one which will fall down and it did. I still believe the uptrend, considering it is end of year, and what matters is the mood and sentiment of investing, not the facts and bearishness.
whales, investors, exchanges, coin startups need to make money, they have many events and good news prepared at december, because they believe in end of year uptrend. if that does not happen this market is broken, if we fall below 5800, or even 5500,
the market will undergo very long period of bear market.
so for now, we keep on the bullish scenario and dreams. buy coins that have good news at December, like stratis litecoin, eos too. nowtechnically,, weekly 21/50ema is deadcross still and usually it means more downtrend. but, i will hold onto my last hope to 'mood trading', and wait for some miracle. moving averages that are bearish become bullish when high volume uptrend comes.
but for now, there are not many indicators that volume will increase as we go up. this cannot be explained by chart, and as matter of fact, charts like ETH and NEO wants to dip more. but, now is time where, we can trust chart a little, and believe in the crazy nature of crypto. if it doesn't comply until the time period as i have explained, we simply sell and see if dec 3~5th is a time. if breakout does not happen even then, until dec 5th, i believe end of year downtrend can come.
so trade safe, but bet now. now is all or nothing bet time guys. I will be busy with my other business from tomorrow, so i would not be updating trading view as i did before. i will update important things time by time.
trading plans are
1. buy alt coins at btc 6200/6250/6300
stoploss 6200(you can extend this to 6000)
or, if 6300/6400 keeps on going for next 3~5days, just buy.
if stoploss triggered this week, we sell and stoploss, consider buying more below until 5800. check my other post for alt coins.
Steem dollars, Siacoin, IQ, centinel, GRS, for now seems to be in the bottom and cardano, EOS, litecoin can be also good pick for majors. do not buy BCH or Sirin token, some coins that pumped hard until last week.
all the best
-turningmecard
NOW, final buying time can come in this week. this is a all or nothing trade now, since i think breakout time should be 17~22th time range. i will show you time range, with bitfinex, bitmex, and coinbase,bitflyer chart.
short term, btc looks weak with bear flag in play. bitfinex might drop to 6300, and bitmex and coinbase to 6250. it might not drop that low defending 6300. if we defend 6300/6400 area for next 4~5 days, just buy then. this is where you buy alt coins now, with stoploss under 6200(bitmex, bitfinex, coinbase) altogether. i do think btc can drop to 6100 or 6000, or even 5800 before breakout, but assuming the ichimoku clouds resistance, it will have very hard time regaining confidence if btc drop too much. so technically 6200 under is stoploss(for bitfinex), but i do think we have chance to drop to 6000 or even lower before breakout. so, buy at 6200 zone, but if we break under, stoploss some of your coins and rebuy below.
now daily basis 4 exchange charts.
so daily basis, btc must breakout at 17th~22th time range for all exchanges. clouds do get thin at dec 4th~5th period,except bitfinex, but i doubt that. because many altcoins also have thin ichimoku resistance until 22th november, and it is the best time for alts to break up from the downtrend channesl like ETH and cardano and many major alt coins. that time range, and cloud resistance was also broken upwards last year.
also, the most bullish exchange, bitfinex needs to break above 6800/6900 at 18th time range, or clouds just become thicker if that does not happen which makes bitfinex bearish, and that would lead to more bearishness to other exchanges.
so in overall, all or nothing trade leaning on to a bullish rally in end of year, needs to show strength until November 17~22th time range.
IF, we do not surpass at least 6600, or lost likely 6800 and 6900 before that time range, we need to sell our coins. then, i think end of year downtrend fall can come instead of uptrends. we can sell once at that period, if we do not surpass the daily ichimoku resistance at 22th~23rd November.
after that, we can wait until the end of the month. there could be a miracle that it breaks out at December 3~5th period. then we rebuy.
this week will judge everything, entire bullrun or not situation. volume is decreasing now. but volume, if that hits lower levels it will bounce off up.
problem is, would we see a 500 dollar, 1000 dollar bull run start. if we just form some bearish rising wedge with volume decrease, just like last week, this is critical to the crypto world, and we have to consider investing, trading this market even. so a ALL or nothing bet needs to be conducted the following week. i believe, even we do not surpass 6800/6900 level, we will have an short uptrend again, so we would not be losing money. all we need to be timid is the time range with the breakout. this scenario is what i have been telling you guys from weeks now. i told you last week's uptrend is a bearish one which will fall down and it did. I still believe the uptrend, considering it is end of year, and what matters is the mood and sentiment of investing, not the facts and bearishness.
whales, investors, exchanges, coin startups need to make money, they have many events and good news prepared at december, because they believe in end of year uptrend. if that does not happen this market is broken, if we fall below 5800, or even 5500,
the market will undergo very long period of bear market.
so for now, we keep on the bullish scenario and dreams. buy coins that have good news at December, like stratis litecoin, eos too. nowtechnically,, weekly 21/50ema is deadcross still and usually it means more downtrend. but, i will hold onto my last hope to 'mood trading', and wait for some miracle. moving averages that are bearish become bullish when high volume uptrend comes.
but for now, there are not many indicators that volume will increase as we go up. this cannot be explained by chart, and as matter of fact, charts like ETH and NEO wants to dip more. but, now is time where, we can trust chart a little, and believe in the crazy nature of crypto. if it doesn't comply until the time period as i have explained, we simply sell and see if dec 3~5th is a time. if breakout does not happen even then, until dec 5th, i believe end of year downtrend can come.
so trade safe, but bet now. now is all or nothing bet time guys. I will be busy with my other business from tomorrow, so i would not be updating trading view as i did before. i will update important things time by time.
trading plans are
1. buy alt coins at btc 6200/6250/6300
stoploss 6200(you can extend this to 6000)
or, if 6300/6400 keeps on going for next 3~5days, just buy.
if stoploss triggered this week, we sell and stoploss, consider buying more below until 5800. check my other post for alt coins.
Steem dollars, Siacoin, IQ, centinel, GRS, for now seems to be in the bottom and cardano, EOS, litecoin can be also good pick for majors. do not buy BCH or Sirin token, some coins that pumped hard until last week.
all the best
-turningmecard
Note
Buy now until 5.3k bitmex. Do not fear.Last drop this year.do not all in. Stoploss is 4.9k.
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