What I think about bitcoin in HTF :
(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& #39;t get that. (you can see we had a few bounces from that zone but that wasn& #39;t what I was looking for) https://www.tradingview.com/chart/BTCUSD/FkQLasgz-BTC/">https://www.tradingview.com/chart/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& #39;t know that. we don& #39;t want to trade based on hope or guessing.
we trade levels to levels, one zone to another.
3/ same thing here. If you want to go long at the green line it& #39;s ok. but you shouldn& #39;t expect a 50k target after that.
yeah you may get lucky and we go to 50k from here. but that& #39;s not what I& #39;m talking about.
4/ I think all of you should& #39;ve seen this by now. basically it says maybe we should see the 2014 pattern once again. (I& #39;m not going to talk about fundamentals and 2014 is different from now and all of those shits.) https://twitter.com/cubantobacco/status/1180347484347830272">https://twitter.com/cubantoba...
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& #39;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& #39;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.
8/ but now let& #39;s zoom in.
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& #39;s our resistance now.
in 2014 we couldn& #39;t break that and we had a free fall from here.
10/ now let& #39;s sum up. we have 4 scenarios in my opinion.
/End of thread.
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