Hi guys. i have not been writing long now. i invested in alts, btc longs, took profit, last sunday, from then saw the market correct.
not much to say, btc could be in its final steps to 6.8~6.9k again, retesting resistance of the downtrendline of yearly highs made on bounces.
guys, do not afraid to go long. who am I? turningmecard, who nailed at least 8 out of 10 BTC moves. I nailed the fact that it go to 6.8k, before that, i nailed the boost up to 7.1k, 7.3k...so many times. this time, it is just the same. it will move up.
this is the chart here. one more test of resistance at 6900 is definitely in the cards.
if it wants to dip below 6k it needs to make a bear div in indicators. heavy drop of 1000, 1500 dollars? it needs a clear crystal bear divergence on time frames! especially 4hr, and daily.so easy guys! BTC drop to 5k=break of monthly 20MA(3year support)=break of 6k=it needs clear bearish divergence which tells that 6.8 6.9 is the top! that is so easy, so classic!
you see, 4hr rsi is making a HH and HL every time. that indicates the market is still bullish, this is a consolidation! a retraccement!
BTC will never go down to 5k, before a perfect confirmation in that! if any trader knows this, they go long, buy at each support levels.
i believe it is going to go up to test 6.8, 6.9 again. it may be the last chance to penetrace through it. i think we will go sideways,
drop more even to 6300 zone, maybe, but between 27~october 1st or early, i think we will go up again.
however one risk is that 6100 is a double bottom zone, which triple bottoms never work in bitcoin world! so below 6200(6188 for bitmex, is no buy zone for now)
trading plans.
1.open long
6400/6300(6270~6280)/6200
target:6.8~6.9k, even higher
ladder up you moneyw as price goes low. mostly should end at 6290~6300 level.
stoploss:6100(if you are conservative, put stop at 6170)
2.open short
let's open shorts at high prices. not for now i think. i sold my shorts at 65 level, which i opened at 67 zone.
cheers!
not much to say, btc could be in its final steps to 6.8~6.9k again, retesting resistance of the downtrendline of yearly highs made on bounces.
guys, do not afraid to go long. who am I? turningmecard, who nailed at least 8 out of 10 BTC moves. I nailed the fact that it go to 6.8k, before that, i nailed the boost up to 7.1k, 7.3k...so many times. this time, it is just the same. it will move up.
this is the chart here. one more test of resistance at 6900 is definitely in the cards.
if it wants to dip below 6k it needs to make a bear div in indicators. heavy drop of 1000, 1500 dollars? it needs a clear crystal bear divergence on time frames! especially 4hr, and daily.so easy guys! BTC drop to 5k=break of monthly 20MA(3year support)=break of 6k=it needs clear bearish divergence which tells that 6.8 6.9 is the top! that is so easy, so classic!
you see, 4hr rsi is making a HH and HL every time. that indicates the market is still bullish, this is a consolidation! a retraccement!
BTC will never go down to 5k, before a perfect confirmation in that! if any trader knows this, they go long, buy at each support levels.
i believe it is going to go up to test 6.8, 6.9 again. it may be the last chance to penetrace through it. i think we will go sideways,
drop more even to 6300 zone, maybe, but between 27~october 1st or early, i think we will go up again.
however one risk is that 6100 is a double bottom zone, which triple bottoms never work in bitcoin world! so below 6200(6188 for bitmex, is no buy zone for now)
trading plans.
1.open long
6400/6300(6270~6280)/6200
target:6.8~6.9k, even higher
ladder up you moneyw as price goes low. mostly should end at 6290~6300 level.
stoploss:6100(if you are conservative, put stop at 6170)
2.open short
let's open shorts at high prices. not for now i think. i sold my shorts at 65 level, which i opened at 67 zone.
cheers!
Comment:
ok guys did you open long? i did xrp, and btc. so as you see in the chart, the point of this move can be up to 6480, and 6580, good for scalping. 1hr, 2hr, 4hr looks good, but problem is the daily stoch rsi, which is still banding down, and, daily needs to confirm some good bottom i think. so a trading range of 6100~6580 can go for some while, before we try to break above. so 1hr, 4hr made some good divergence, so the bounce can be up to 6570 or 6580, if we manage to go over 6600 thats fine, but if we are rejected we could see 6300, or 6200 again. for the chart, check the orange boxes, these are targets for short term, purple arrows, red line can be also expected for bottom accumulation.
Comment:
i am already in at 0.44 dollar now. check green boxes for entries. sell targets in chart. sell at october 1st, right before the SWELL conference. stoploss under 0.38dollar.
Comment:
btc. you can enter short 6470~6520/stoploss 6540. try to open long positions below at all times, btc is building a bearish rising wedge, which, eventually will breakdown somewhere, to support zone.
Comment:
update on btc short position. 1st entry:6500/6520, happened just now, little pullback after that. i got in 6500/6520. 2nd entry:6540~6580, 3rd:6580~6610, stoploss is 6630. why short? well, we have a nice jump with 1hr, 4hr bull div, but that isn't enough. it will show some limit in the next some days. daily needs some confirmation, which, i believe we will visit support zone again, 64 or 63 or even below.
Comment:
ok. sold my shorts opened at 6500/6520, at 6437, lets see more movement from btc, if it would make a higher high, or lower high from now.
Comment:
ok, btc trying to get back in the rising wedge channel. if succeeds, 6550/6580/6620 can be top of this move. after that, it needs to come down to 6300, make a double bottom, bull div on daily. if btc cannot stabilize over 6520, the pump now can be the top price, but we need to see. yellow box are short position entries, i believe market will consolidate and make a upwards move on September 30th, which, every last day of the red bearish candle make upwards move. target still remains 6800~6900 for now.
Comment:
little long/mid term view on october. only two scenario left. 1. buy when 7k is broken upwards with high volume, at pullback. 2. buy at 5~5.5k. big falling wedge, it can break above from 6k zone, but it can retest 5k. both ways, i do think we would be rewarded, i believe these are the final bottoms anyhow this year. so keep observing, and be cautious.
Comment:
oops! i was wrong! i thought it would give a retracement to 6300ish, and go up. believed the indicators too much. but...times like this, people who just buy when coins are cheap are winners! my stoploss was cut at shorts opened at 6550. i will take a breath and see now.