Dumping to 7.2 imo, after short-term pumps these slight up-trending curves often break back down. The bullish momentum very rarely continues unchecked, but it can happen so tight stops as always.
Heading into these major resistance levels is interestingly consistent, as you start to see crypto websites posting articles with hyper-bullish sentiment. Covid-19 is the new "perfect use-case scenario example" to catapult it to a new ATH. I think we'll see 4k again soon, but I legitimately 100% hope I am wrong lol. With the halving approaching, it would be...
Another rejection at 7.8, might dump buckets & regain steam for a climb past 8k, I'm short from 7.7 with a tight stop.
Here's a follow-up on last night's pump, glad to get in on those rides but I'm not taking the bait just yet for an extended 8K+ run (will have to break 7.7 with confidence for that). I'm expecting price action to settle a bit towards 7.4 in a wave pattern. From here, riding any dump squeezes could hit a stop at 7.34-.37. TBD on whether it's a good idea to bite...
Alternative to pump/dump scenario; The candles are cresting a bit, but the lows are still trending up -might be able to catch a second wave to 7.4? Lots of resistance to break through still. As a degenerate gambler, this could be a great 100x all in opportunity. (jk don't do that lol).
Been busy reading tea-leaves; so here's a quick hypo of one of the scenarios I'll be looking for. A short-term bullish move that breaks the upper downtrend line into resistance, seeing sideways action until it slides the line a little before continuing a downtrend. TBD, could always see a rando-whale pump.
Here's a pump & dump scenario similar to what we've seen before. This hypo sees price action plummet to 6.8 again, shedding the overnight gains. Not sure if I'll short yet, watching the price action north of 7k still. Re-conquering the 7k level could be enough for an extended bull run to the 7.4 region, tbd.
Good morning China! Potential to see 7.2 wick, but if it can't break 6970-80, gtfo and wait for something clearer.
Here's one for all you 1 minute candle cowboys (me), dump incoming? OneRepublic released a remaster of the song "All the right places" & apparently the new lyrics are: All the right bulls in all the wrong places So yeah, we're going down They got all the right bears in all the right spaces So yeah, we're going down Just paint the picture of a perfect...
Don't hitch to the first bull ride without a prenup, they're just like my ex-wife: helluva lot of fun but nothing you can trust or rely on, and they take the shirt off your back. I'm kidding lmao. On a serious note, yellow wedges in these doodles are just pointing out quick dump/pump/dump moves. imo, we're currently in the crest of one. I have my doubts that...
Today's break of 7k shouldn't be too surprising given the resistance under 7.2k, with this level broken I'm shorting w/ target @ 6.4k at least. Watch out for scam wicks, tight stops.
Here's today's high frequency scalp trade play: aiming for a pump to 7.4+, tight stops on these HFT trades.
I'm still looking for the re-visit to the point of the dip, wouldn't be surprised to see it the second we're all feeling optimistic about the markets again. That said, it's important to stay flexible when it costs $$$ to be wrong lol. Two scenarios, both with a lot of potential profit margin. Time for 'ole reliable: flip a coin. My bet: turbulence under 7.2,...
Won't be surprised to see it dump down to the 4-ish k region again. I'm shorting w/ a tight stop, you do you though. Alternative: could be a sitting on a great support line rn for a long position. Arbitrage?
Pretty self-explanatory title, this hypo represents a possible 9.4-.500 range rejection as an alternative to the "Parabolic Moonboi Move" possibility. Lots of talk that bitcoin is about to explode up, the contrarian in me wants to short lol. (Disclaimer: I am currently LONG but very open to change).
Might be time to buckle into our seats and blast off like all the youtube moonbois would have us believe. Quick Edit: NOTE: This is a MACRO picture, not a high frequency trade motivation and I expect dips on the short term.
BTC's been consolidating at this level for a while. I imagine we are going to see movement very soon.
We can see a crest of daily candles forming against a resistance level, typically I'd prepare to short this formation (and I still might short-term), but I added arrows to contextualize the directional momentum these previous crests have formed in. June 19's crest broke upwards on an extended run (circled in green), could be on the verge of the same exact thing....