Hey and welcome back. As anticipated in previous update, we are now closing in on 7500. Since we are slowly retracing this time and not in the form of massive market dumps as previous retrace, i would say there's a very high probability 7500 will be the best entry for 10k. Now, fear not, we might consolidate a bit around 7500 before beginning our ascend to...
Big boys over at mex having fun, that's for sure. Algo giving the same signs for 10k right now, as it did for 7500 when we were trading at 5000. It might take some time, but im pretty confident about that 10k figure. Don't fight it, just dance with it. Let's review: first a 5k BTC marketorder on stamp to liquidate all longs, and now this inverse bart like...
Don't make it complicated. The algorithm is our friend, and as long as we take trades with 3:1 risk reward upon these 100% sell signals generated by the BFT Core Algo, it'll continue to make us money. Do you also need help in the form of algo-assisted trading? Contact me.
6250 will be tested. Likely 7500 test first before more doom. Buy 6250.
Lot of people trapped in this trade, overweight likely to sink to 137.5 before the real bounce.
Just long this level right now. 100% buy signal from BFT Core Algo
Traders, don't get trapped in this rektness. Algo generated 75% signal, we will take the trade.
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Im going to keep it simple, because it is simple. If algo says sell, i sell.
Imminent overhead resistance detected by BFT Core Algo. 100% Sell signal confirmed. Get out, take your profits and reenter at 4768 sat. Next TP: 7153
Algo says: Aslong as 7.5k holds, we'll see 1 0k soon. Pay attention to 6250 if 7500 doesn't bring new highs.
This should help you trade the retrace. Plotted by BFT Core Algo 1.6. 7187.5 -> 7500 -> 6872 -> 7187.5 -> 6250 with likely liquidation wicks to 6000. Looking for more up after 6250-6000 consolidation
Calculated with a 93.6% probability of interim top. Do you also need Algo assisted trading to make more money trading? DM me.
Bulls in control. Overleveraged traders washed out, likely revenge shorting hoping for 4700, but retrace is already complete. Which was the one they fuelled by SelfRekt™ $450m of MEX short liquidations. Its big boys and some retail of course. Difference is that big boys will be back to trade the trend. Retail will short in disbelief. Up. Buy 5k, FOMO will be strong.
It can be a challenge comparing the timeframes of two bubbles in TA, when one runs over the course of 10 years vs 2 years. Yet i believe a striking correlation playing out here between two completely different markets in it's own timeframe. As always, both bubbles is naturally fuelled by the same greed and stupidity that is coded into our human DNA . We...