Jan 2016 chopsolidation versus now Maybe I should take a break and let this thing play out...
This 1h price action now is reminding me a TON of our big picture price action! For it to follow would make just too much sense. Shake out some of the weak hands to 11.1k, reclaim the trading range, and then MEWN IT BABY
Bitcoin is almost at that point where a 30% dip doesn't even change its bullish structure. As long as we keep that ironclad uptrend line, we are in a bull market ... Period. HODL. Add on dips. Let's do this!!
Bitcoin is almost at that point where a 30% dip doesn't even change its bullish structure. As long as we keep that ironclad uptrend line, we are in a bull market ... no buts about it. HODL. Add on dips. Let's do this!!
Which channel is $BTC? ($BNB fractal)
Treat the weekend price rises or falls as scams. For the past few weeks, I have been trading the hourly on the weekend back to the open. Easy money.
You never want to see Professional Traders at all-time-high shorts and Retail Traders at all-time-high longs on the CME (if you are long). Who are you going with? Professionals or Retail? I'm taking Professionals every time. However, I'm waiting on the new report -- this data hasn't been updated since April 23. Bitfinex FUD has occured as well as a little bit of...
You never want to see Professional Traders at all-time-high shorts and Retail Traders at all-time-high longs. Who are you going with? Professionals or Retail? However, I'm waiting on the new report -- this data hasn't been updated since April 23. Bitfinex FUD has occured as well as a little bit of stabilization over 5k. Will be interesting to see how this...
You never want to see Professional Traders at all-time-high shorts and Retail Traders at all-time-high longs. Who are you going with? Professionals or Retail? However, I'm waiting on the new report -- this data hasn't been updated since April 23. Bitfinex FUD has occured as well as a little bit of stabilization over 5k. Will be interesting to see how this...
transitioned from Krill oil to cannibis oil and a monster deal with CGC ... market hasn't noticed
As of late, DXY and BTC have an inverse correlation.
$BNB path to 60 > 100 > 210 The #1 spot exchange in crypto.
Notice RSI similarities. RSI shows we're running out of steam, but so much energy was built up in the 3.2k-4k consolidation that I expect that final push to 6k and before re-evaluating.
Thoughts: I think BTC will want to clear out some stop losses before continuing higher, so there may be opportunities to add on dips. I think it may get frontrun before it gets all the way down to the daily stop losses as many people want to get in for the next move up. One concern is the resistance at 5800-6000 is pretty daunting, but a 1000 point gain...