Daily crypto hate: SHORT IT TO THE GROUND!
Updated
Ok maybe no daily, there is not enough happening to post about crypto every day, but I can call this how I damn want!
We are running into 20WMA, volume is declining, complacency looks like it is soon over :)
Crypto is pointless to trade short term now, might as well short it as long as it stays below 12.000 maybe (really doubt it goes that high)
We can try to look at lower timeframes to try and get the best entry, top has a high probability of beeing anywhere from 7000 to 9000.
Running to 20WMA with divergence on lower TF & getting a clean rejection there would be perfect.
Look at any market it looks the same, and now it looks like we are in the final step (check my complacency ideas), usually at that point people have stopped being
so bullish and fully believing they're going to turn billionaires overnight, so the price has a very hard time going up.
I would not be surprised if BTC would not managed to get passed 7500 and then just fall like a complete rock.
In case it goes up before I get to post my next daily crypto ideas:
Personal opinion - this is going to happen
This too:
![BTC - Rising Price Falling Volume [Bearish]](https://s3.tradingview.com/l/LLvImt78_mid.png)
We are running into 20WMA, volume is declining, complacency looks like it is soon over :)
Crypto is pointless to trade short term now, might as well short it as long as it stays below 12.000 maybe (really doubt it goes that high)
We can try to look at lower timeframes to try and get the best entry, top has a high probability of beeing anywhere from 7000 to 9000.
Running to 20WMA with divergence on lower TF & getting a clean rejection there would be perfect.
Look at any market it looks the same, and now it looks like we are in the final step (check my complacency ideas), usually at that point people have stopped being
so bullish and fully believing they're going to turn billionaires overnight, so the price has a very hard time going up.
I would not be surprised if BTC would not managed to get passed 7500 and then just fall like a complete rock.
In case it goes up before I get to post my next daily crypto ideas:
Personal opinion - this is going to happen
This too:
Trade active
It was quite easy to predict this would happen so I will not take credit for it.I know some people that would call themselevs gods oevr somthing this simple XD
Shorts are resetting, I expect/want them to drop somewhere in that area:
I do not think BTC goes up to 8000-8500 but I am prepared to double up if it goes there.
What would really be perfect is if the price goes up today somewhere around 7500$, fills my orders up there, and then drops savagely on Sunday :p
But otherwise, it does not matter if this takes weeks, crypto is more about swing trading now anyway, if you want to trade every day you should go FX like I did a while ago :)
Note
Let's try to pinpoint the top (or high probability top) using 1HR chart:Also this might help
Note
I got a few small orders to make sure I do not miss out shorting the bubble before it drops, but I am keeping most of the small capital I allocated to crypto to try and aim for the highest price possible and also keep money in case it goes higher :)Note
There is 99% certainty we are at the top, just check the garbage news companies:nulltx.com/bitcoin-price-watch-currency-remains-bullish-jumps-to-7200-in-one-hour/
cnbc.com/2018/08/29/crypto-trader-the-bulls-will-be-back-if-bitcoin-holds-above-7000.html
Look at this garbage title for garbage CNBC:
"If bitcoin holds above $7,000 for the week, the bulls will jump back in, crypto trader says"
Notice how they made sure to precise "CRYPTO TRADER SAYS" to protect themselves, since they know they just say nonsense to get views.
Still, I am waiting for a sign on the chart to place bigger orders than what I have right now.
Anyone that is eager and does not wait is pure trash and deserves to get liquidated.
I hope you like my honesty :)
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