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What I think about bitcoin in HTF :
(Thread)
(Thread)
1/ well I posted this chart 4 months ago and I was looking for a bullish reversal pattern at the grey zone but I didn't get that. (you can see we had a few bounces from that zone but that wasn't what I was looking for) https://www.tradingview.com/chart/BTCUSD/FkQLasgz-BTC/
2/ basically when we have a structure like this, if we get bullish pattern at the green line (A) we go long and our target is the red line (B) and not a new high. We don't know that. we don't want to trade based on hope or guessing.
we trade levels to levels, one zone to another.
we trade levels to levels, one zone to another.
3/ same thing here. If you want to go long at the green line it's ok. but you shouldn't expect a 50k target after that.
yeah you may get lucky and we go to 50k from here. but that's not what I'm talking about.
yeah you may get lucky and we go to 50k from here. but that's not what I'm talking about.
4/ I think all of you should've seen this by now. basically it says maybe we should see the 2014 pattern once again. (I'm not going to talk about fundamentals and 2014 is different from now and all of those shits.) https://twitter.com/cubantobacco/status/1180347484347830272
5/ I replied with this picture.
this is the indicator I optimized for buying long term with good risk to reward.
Now take a look at the arrows I draw.
interesting... I got the same signals again. but we can't act just based on that.
this is the indicator I optimized for buying long term with good risk to reward.
Now take a look at the arrows I draw.
interesting... I got the same signals again. but we can't act just based on that.
6/ the previous picture was for 4 days ago. I got a new signal today. 2 aggressive buy signals. hmmm... should I buy or not?
7/ let's have a look at another indicator.
this one is from @stormXBT .
you can see the bounces and how nicely it react in the past.
I draw the 3 phases of that pattern again. have a look.
this one is from @stormXBT .
you can see the bounces and how nicely it react in the past.
I draw the 3 phases of that pattern again. have a look.
8/ but now let's zoom in.
where are we now?
see the red box.
see how this indicator turned red exactly like the previous one.
where are we now?
see the red box.
see how this indicator turned red exactly like the previous one.
9/ you want to be more accurate?
recall the structure I showed you in the second tweet of this thread.
you see the blue line?
that's our resistance now.
in 2014 we couldn't break that and we had a free fall from here.
recall the structure I showed you in the second tweet of this thread.
you see the blue line?
that's our resistance now.
in 2014 we couldn't break that and we had a free fall from here.
10/ now let's sum up. we have 4 scenarios in my opinion.
/End of thread.
/End of thread.
