DelusionalRams8

DelusionalRams8

My long got stopped out at 65k. I re-entered my long at 66k due to price action continuing to put it higher highs and higher lows. Notice all the hate everytime I lose a trade. But no one cares whenever I win. 76k target. 61k SL. God bless you

DelusionalRams8

There is no reason for me to be bearish as long as price bounces off and holds above this Bollinger Band basis line support. I remain long. 76k target 54k SL

DelusionalRams8

If 72k resistance breaks to the upside then 76k will be my level to take profit on my long trade. My SL is still at 65k for now. If 72k breaks to the upside, I trail my SL up to slightly above my entry. This way it becomes a win/win. God bless you -Handy

DelusionalRams8

I'm longing the bounce off 68k. Target 75-76k. 65k SL. God bless

DelusionalRams8

My long stoploss got hit @68.7k. I will continue to wait for more confirmation of a downtrend before I take a short trade. So far, a lower low is put in at that 68.5k level.

DelusionalRams8

Recently, I removed myself from a forum here because of the toxic atmosphere. This is not to say that my own behavior wasn't slightly toxic, but more reactionary to the toxicity that was already there. This begs the question: what kind of toxicity are we talking about here? Generally speaking, bitcoin and crypto maxis are the toxic ones at market tops. On the...

DelusionalRams8

I'm calling it a breakout. I went long from 67.9k. 75k target.

DelusionalRams8

For those who missed the news, I closed my previous short in small profits due to price action not performing the way I wanted. Therefore, I plan to short the key resistance level of 75k. Currently, the green moving average of the CT Reverse Pi Cycle indicator is close to 75k. My suspicion is price will retest the MA which will create a cascade of selling at...

DelusionalRams8

The 0.618 fib level sits right at 68.6k where I plan to enter short and I expect some resistance to take place. My short target will be 43k. Another reason for me to take this short was stated in my previous DXY analysis where the DXY is putting in bullish price action (which can lead to bearish price action in bitcoin). I hope this analysis finds you having a...

DelusionalRams8

Despite today's sell off in the DXY, it is still still printing bullish price action. Please note the higher lows and higher highs indicated by the arrows I have drawn. Please manage your risk accordingly as this could lead to more downside in equities as well as in bitcoin and crypto. Have a blessed day 🙏

DelusionalRams8

The Cipher B free version indicator is just now turning to the downside. This could indicate many more days of downside. Manage your risk accordingly. I'm still positioned short with 43k target. God bless you 🙏

DelusionalRams8

This is my current chart view for Fibonacci levels drawn from the 73k high to the 60k low.

DelusionalRams8

I am currently positioned short with a target of 43k in the shorter term. 73k stoploss. My reasoning for this position is stated in my previous analysis. This analysis, however, is my reasoning for a possible 22k target by the end of this summer. 1. The lower, orange moving average on the CT Reverse Pi cycle top indicator is moving upwards at a higher rate than...

DelusionalRams8

I changed my short target to 43k instead of 51k. Here's why: 1. Prices remain elevated in what I consider to be a top distribution. This type of price action can lead to a very sharp correction. 2. 43k is the "scene of the crime" breakout where I believe new ETF money FOMOed into the the market. A correction to 43k would place most new ETF investors underwater....

DelusionalRams8

I drew an arrow at the bearish price wick that some people are failing to notice. I would be be trading long against this wick. God bless you

DelusionalRams8

Here are three reasons 71-72k is my area to short (you don't have to short. Do what's best for you. This is not financial advice. This is just what I'm doing) : 1. The CT Reverse PI Cycle top indicator green MA is powerful resistance. 2. March 2020-March 2024 is a four year cycle. Makes me curious what happens in the next few months. 3. A double top resistance is...

DelusionalRams8

It seems people here are quick to hang you if you post even one losing trade. If no one is finding value in my posts, what is the use in trying to provide value? Is it better for me to keep all the alpha to myself? If you think I should stop making posts on this platform, please comment below. Likewise, if you find value in my posts, now is your chance to let...

DelusionalRams8

Please view chart from 2016 in the comments below. How are they different? How are they the same?