Welcome to my daily market update (06/05/20):
• Bullz to the moon:
- Congratz to the bulls, it is so fun to see them pushing and pushing and go against many expectations, I enjoy every moment of it. BTC is never stops to amaze me time after time, and this recovery since the drop was phenomenal! My
long-term investment portfolio is so much profitable.
As previously said and suggested, since the midterm trend is bullish, you should always focus on bullish move with your trading portfolio, this is how you will always make the most profits, and if the trend changed and you lost?
Nothing happened you just change your focus to the mid-term trend again.
I’m a bigger speculation trader, and I need final confirmations to change my big bias,
So I don’t always trade with what I recommend, this is why my suggestion to all in the last few updates was to continue with the bullish run (And our premium did some very nice profits so far with it), while I personally was heavily
shorting the market on my trading portfolio since 9300 (And ofc’ got Sled).
Now I was asked about it a few times, I will include my answer under the analysis..
• So this time I decided to open Weekly again and this time on Bitfinex (As they have longer chart history), I wanted to show you what will turn my bearish bias finally to focus on longs:
- OBV (As you know my fav’ confirmation) been confirmed between 20Apr-30Mar on all the main exchanges (especially since last weekend): Binance, Coninbase, Huobi, Kraken (There are some leftovers waiting such as Poloniex,
BitMex, Bitfinex)...
- Closing above the weekly cloud.
- The next most important resist for me which I’ve been saying for a while which is the last top at 10500 (This to me will confirm 2 higher highs)
- If we pass 10500 I most likely will start focusing on longs, but my expectations are to at-least form 1 more retest of the 10500/cloud as a support…
- If you notice, we are following almost same principles/rules just like on last halving, I will expect same fractals +/- to happen this time:
Closing above weekly cloud, stay above weekly e21, 8 green candles we already have (I expect the 9th candle next week to be red, but this is not a must to happen), we broke the top bearish channel already, and in overall a bullish
trend to evolve at the important lines.
* In overall, your main focus should stay with the trend which is bullish, but despite that, you should not Fomo, also this is a big mistake to short it now. don’t guess! Stay with the trend only – we see a lot of retail buying in, people
see that number goes up and they want to be part of it, but numbers don’t go up forever. same goes for when there is too much fear of the resistance, if too many people shorting this out (Which is why I repeat myself, don’t go
against the trend!) and don’t believe that 10k will break, most likely they will do the same at 10200 and 10400, but they all can easily be sqeezed up all the way to 20k, so don’t go against the mid-term trend guys!
• Bullz to the moon:
- Congratz to the bulls, it is so fun to see them pushing and pushing and go against many expectations, I enjoy every moment of it. BTC is never stops to amaze me time after time, and this recovery since the drop was phenomenal! My
long-term investment portfolio is so much profitable.
As previously said and suggested, since the midterm trend is bullish, you should always focus on bullish move with your trading portfolio, this is how you will always make the most profits, and if the trend changed and you lost?
Nothing happened you just change your focus to the mid-term trend again.
I’m a bigger speculation trader, and I need final confirmations to change my big bias,
So I don’t always trade with what I recommend, this is why my suggestion to all in the last few updates was to continue with the bullish run (And our premium did some very nice profits so far with it), while I personally was heavily
shorting the market on my trading portfolio since 9300 (And ofc’ got Sled).
Now I was asked about it a few times, I will include my answer under the analysis..
• So this time I decided to open Weekly again and this time on Bitfinex (As they have longer chart history), I wanted to show you what will turn my bearish bias finally to focus on longs:
- OBV (As you know my fav’ confirmation) been confirmed between 20Apr-30Mar on all the main exchanges (especially since last weekend): Binance, Coninbase, Huobi, Kraken (There are some leftovers waiting such as Poloniex,
BitMex, Bitfinex)...
- Closing above the weekly cloud.
- The next most important resist for me which I’ve been saying for a while which is the last top at 10500 (This to me will confirm 2 higher highs)
- If we pass 10500 I most likely will start focusing on longs, but my expectations are to at-least form 1 more retest of the 10500/cloud as a support…
- If you notice, we are following almost same principles/rules just like on last halving, I will expect same fractals +/- to happen this time:
trend to evolve at the important lines.
* In overall, your main focus should stay with the trend which is bullish, but despite that, you should not Fomo, also this is a big mistake to short it now. don’t guess! Stay with the trend only – we see a lot of retail buying in, people
see that number goes up and they want to be part of it, but numbers don’t go up forever. same goes for when there is too much fear of the resistance, if too many people shorting this out (Which is why I repeat myself, don’t go
against the trend!) and don’t believe that 10k will break, most likely they will do the same at 10200 and 10400, but they all can easily be sqeezed up all the way to 20k, so don’t go against the mid-term trend guys!
Comment:
Messed up the date lol, it was on the 09/05 and not on the 06/05 lol...
