BITCOIN - market maker an accumulation formation
Hey. You must be as high as I am on the beat action price. My last reviews haven't been played back as there are no impulses and the market keeps consolidating. These are my thoughts at the moment. Of course, it's just a guess, I can't say for sure now.
We are in an accumulation that will be distributed in the May Hallvinga. It is difficult to trade on margins like this, as everything is done to confuse traders and knock them out of deals in the steps. For the last 2 weeks, the fund and indices have been forming similar rangings, but on smaller timeframes. Apparently, the bat is too illiquid and such formations take days and weeks. There is one formation of accumulation, which is in principle similar to what we see on the bat now. Under the scenario, growth is very likely, but before that there will be a breakdown of $5600. I have distinguished the 5600-5800 zone long ago as a target for the shorts, but apparently, we can go even lower and then move up. It'll take two to three weeks. Here's the formation itself: We're at the top of it.
And here's how it's gonna look on the chart:
A gray square-so called a bull order block. It makes all the growth out of it.
Yellow is the first test of this block.
Green is the first resistance test on a large timeframe, and there's a short quiz and a false break.
Red is the removal of long stops, false support breakdown.
Next is "to the moon."
Disclaimer: It's all just an assumption. One market maker sneezes, and we go down, maybe up. But in this case, it's very similar to my subjective view.
As long as the overall mood remains bearish despite local growth. Stop Loss removes all uncertainties, so do not trade without them. The current resistance zone is very important. In the square there is a clear rhythm, from which we started to move downwards with the breakage of the loys. I am referring to this very rang and the last fuse that looks like a false break-up. If you're in shorts, the stop loss should be for $7250. There are a lot of bones stuck in this wick - bulls - breakers, they should not be released (Trapped Traders). If this trading idea is wrong, the Stop Loss is knocked out, the following shorts $7675 will probably give a very good reaction - and the knocked out Stop Loss will cover profit.
Why not long? Cause I'm expecting a clean-up of the longs. The trend is obvious to everyone, the feet are netted and have to be cleaned before they grow. Why tear down the feet? Stop on the long is selling + flipping off the rocket to profit on the hipe to halving. It's a cheap ransom.
+Long with current=bad risk/reward is for me, because if we reach $7675, I expect a reaction to the local reversal, and the adequate stop loss should be put further than the profit itself. What's the point?
Against the trade: everybody wants to buy lower, obvious bear pennant, short margin mood, a lot of printed Tezer.
Now everything is easy and clear, it's up to you :) Do not forget about fixed risks and stops!
I suggest that you familiarize yourself with this post.
We are in an accumulation that will be distributed in the May Hallvinga. It is difficult to trade on margins like this, as everything is done to confuse traders and knock them out of deals in the steps. For the last 2 weeks, the fund and indices have been forming similar rangings, but on smaller timeframes. Apparently, the bat is too illiquid and such formations take days and weeks. There is one formation of accumulation, which is in principle similar to what we see on the bat now. Under the scenario, growth is very likely, but before that there will be a breakdown of $5600. I have distinguished the 5600-5800 zone long ago as a target for the shorts, but apparently, we can go even lower and then move up. It'll take two to three weeks. Here's the formation itself: We're at the top of it.
And here's how it's gonna look on the chart:
A gray square-so called a bull order block. It makes all the growth out of it.
Yellow is the first test of this block.
Green is the first resistance test on a large timeframe, and there's a short quiz and a false break.
Red is the removal of long stops, false support breakdown.
Next is "to the moon."
Disclaimer: It's all just an assumption. One market maker sneezes, and we go down, maybe up. But in this case, it's very similar to my subjective view.
Why not long? Cause I'm expecting a clean-up of the longs. The trend is obvious to everyone, the feet are netted and have to be cleaned before they grow. Why tear down the feet? Stop on the long is selling + flipping off the rocket to profit on the hipe to halving. It's a cheap ransom.
+Long with current=bad risk/reward is for me, because if we reach $7675, I expect a reaction to the local reversal, and the adequate stop loss should be put further than the profit itself. What's the point?
Against the trade: everybody wants to buy lower, obvious bear pennant, short margin mood, a lot of printed Tezer.
Now everything is easy and clear, it's up to you :) Do not forget about fixed risks and stops!
I suggest that you familiarize yourself with this post.
Comment:
the new post. Canceling the local longitude.
