BTC - On Our Way To 100K

Analysis:

- Trendline
- Liquidity Point
- Support & Resistance
- Order Block Flow
- Fibonacci Retracement

Target 1: $73923

Target 2: $82948

Target 3: $100,998 :)

ATH: Current All Time High

L: Liquidity Level

B: Buy Zone

$: Buy The Dip

Opinion:

The bull run continues on our march towards the magical 100k number

Any minor/major dips in the next few weeks need to be bought/accumulated

Do not fall for any potential FUD that may arise to cause BTC price to drop

Number go up ;)

Comment:

Here we gooooooo

Comment:

Will we clear the ATH? New week ahead lets see what we get price action wise!!!

Comment:

We have the ETF incoming on Tuesday will this be a bullish or bearish catalyst?

My vote is for the bearish catalyst unfortunately

But once we are done correcting we will continue pushing up towards 100k :)

Comment:

Decision time :)

Comment:

NEW ATH!!! What an exciting time to be aprt of crypto industry and be involved with BTC :)

Now lets see the reaction we get the next few days

Comment:

UH OH did btc top out?

Are we headed down?

Will my chart play out?

Lets find out :)

Comment:

LOOK OUT BELOW :)

Comment:

So it is very possible BTC retest the current ATH but not take it out

That is my call so if we do get a pullback dont expect new ATH

The move up will only be to establish structure and then BTC will correct

I am still a long term bull but I understand and respect the market cycles

Be a bull when its time be a bull and be a bear when its time to be bear

Cause all that matters in the end is PROFIT

But again LONG TERM BULL here that is NEVER changing

Number go down :(

Comment:

Right on track I wonder what FUD they will release news wise in the next few days...

Comment:

BTC is headed down...

Charts looking good cant wait for discounts on alts

Comment:

My line should act like resistance as we head down but we are right on track

Comment:

Would you look at that? Like magic price drops as soon as they pullback into my trend line

Retail traders are not ready for this incoming correction but this is where you make the real money :)

Comment:

Oh look at that BTC snuck outside my trend line you sneaky devil you

Again that should be a red flag as I do believe this is a false pump to trap traders

So in the next few days I am expecting a major correction

I wonder what FUD news they will announce...

Comment:

So it looks like BTC is not done trapping traders long

I even executed a quick long position as I see them retesting near the ATH again

That is fine with me if they want to drag out starting the correction

The name of the game is patience and price moves up price moves down

I am sticking with my analysis as I always do until price shows me other wise :)

Comment:

There it is...the retest into the ATH to get everyone excited and for them to take longs

Once again I will say that I believe we are short and will correct

Watch what happens the next few days...will see the whole market red

Buy on down moves not up moves! Stop chasing pumps and bag holding

Comment:

Okay BTC you little devil you haha I see the games you like playing and I counter!!!

Haha but no seriously always amazing when we reach new all time highs

I incorrectly made an assumption they would hold so I will OWN that L however...

When forming double tops or double bottoms they have 2 options on the second leg...

They can either HOLD or they can BREAK and I mistakenly went with the HOLD option so its all good

I say that to say my analysis is still in play and price will drop down to my buy zone

As you can see I really didn't work too much around the ATH my arrow shows them going up there and then going down...

i could have made small markings but not necessary cause i know the behaviors as previously stated above

So YES I am still expecting a major correction on BTC and YES I did attempt a short which hit stop loss but after that long play which i mentioned above the loss was null and void

So i am looking again to SHORT btc but will wait for a better price action setup

This is nothing knew to me as I caught BTC at 30K when i called the bottom back in july (chart is attached)

And I also caught the short from 52K down to the 40s...so I say all that to say this

Analysis > Entry

What I mean is as long as your ANALYSIS is correct the entry can and will take care of itself if you have good price action skills

But if your analysis is WRONG then it doesn't matter how many times you enter you will just lose

I have a rule of thumb that I only re enter 1 time and I rarely have to re enter but you want to limit the entrys to 1-3 (NFA) just a recommendation

Other successful traders have a similar rule of thumb...

So I will be sharing my short entry here once I retake the short because I believe in full transparency

I also believe in BACKING UP WHAT I SAY WITH LIVE TRADES so those again who have a lot to say ask them to show you their TV page and ask them to show you LIVE trades

Those with results have no problem showing their resume :)

Once btc gets moving down I will do another update but anyone longing right now its going to get REKT

Not being mean but people apparently enjoy learning things the hard way and over and over so couple more days and the fireworks start :)

Comment:

Would you look at that?

Looks like I was right on the money with calling the correction

Back to the 50s we go :)

I will wait for my buy zone to be hit and then look for the right price action to buy more coins

Real traders welcome dips because we see it as a discount buying opportunity

Gamblers hate dips because they believe price only goes up...(yeah okay haha)

Comment:

Not much more to say that hasn't already been said!

As price continues to drop the cash in my wallet is starting to get excited

Everything is fine with BTC of course and anyone thinking its game over is a fool

Up Down Up Down...It doesn't matter trade both ways and respect the market cycles

If you cant buy a correction correctly you will continue to struggle as a trader

How many times has BTC dropped?

How many times has BTC rebounded from said drop?

Its the same thing over and over again

As long as fundamentals are improving, which they are, price dropping is a discount buying opportunity

The game is simple to play most just are not playing it correctly

Comment:

Nothing much to add except we are NOT done dropping

My buy zone will be hit

Patience is the name of the game

Most are not ready for this next push on BTC once this correction is over

We will most likely start rising early-mid Dec so lets see the next few days weeks :)

Comment:

Buy Zone has been REACHED!!! BOOM

Comment:

Expecting a bounce in this week and the start of the reversal aka next push

If you are not taking advantage of these discounted prices you are missing out

We will push the rest of the month

Those who think we are going to continue dropping are on the wrong side of the market