There is a lot of things that can easily happen and invalidate this, but i like ideas that are unpopular(read as have no ground underneath them). You can actually just leave all the text aside and just short now with a stop loss at 6280 just in case we go below 6k. **Be careful if you want to follow this setup since there are a couple of things you always need to...
For those who doesnt want to read it all and doesnt see any arrows that i usually use, here are key targets. Price now - 6366 If we pump above 6400 i will try to add to my short position at 460-480, would be a great entry. If we jump from cliff and end up at sub 6200 and shorts will increase significantly - i will get a long position and prepare for a short...
I feel like this MA strategy might be an indicator of a nice bounce right now. See related idea for longs, it has some really strong hopium in it.
One very respected by me trader said that support/resistance levels mostly break on 4 attempt, so this is how i think it can play out, a fakeout to 6500 and then to 6250.
So there is some clear bearish divergence on volume. If we close daily with a move down with higher volume then previous pump -> doom incoming, same goes if we close daily above but with a low volume. Only thing that invalidates this whole shorting bitcoin ideas i have - a high volume move up.
Pretty much self explanatory.
I do believe you can predict 2% moves based simply on the ratio of longs to shorts. I dont believe this 1k long from 6600 and higher will be just left out to stay profitable.
Altcoins on mex are great, your % return are much higher and if bitcoin pumps - they will follow. And now ada at pretty good spot, so if right now corn wount deep below 6400 and cause a massive doom - this is a good play.
I still havent had a nice full opposite move on any of trades/setups i posted. This has a very high probability of being the first one. In general, i dont believe we gonna see a generous "market manipulator" push price to a such desired range of 6800 for everyone to short/hedge and only after that drop the price. The other possibility that can happen, which...
Bitcoin has a high chance to dump further, in that case i would gladly buy trx at these targets. Sucks that we have a premium price on it right now. These levels are from way before and worked really good last time. That means for the second time there are more eyes at them and they will be defended. It can easily jump back to 650, only if bitcoin doesnt necc to sub 6k.
All alts that are on bitmex directly connected to big moves bitcoin does. So if bitcoin stays in downtrend and dumps back to <6k all alts gonna follow.
I believe we are going to have a bounce. A nice one. Targets are random, we may go higher. Main idea - longs gonna spike, price gonna spike. But because its gonna play out in a couple of days we can slowly move down to 5700 area and because of that pump will be not as high as we need to get a reversal. We are still in a downtrend, but i believe now is the time we...
I feel like litecoin gonna bounce of this pink area.
So, 10 days MA crosses 20 days MA and touches huge resistance for the fourth time. Im new to this scene, but looking at this makes me wanna go all in now. Looks too good. Mega bullish. A lot of hopium in my heart. Also, same MA applied to short shows some really nice movement incoming.
I really tried to use ghost feed and make a good looking chart prediction with candles on it and when i changed timeframe - it went to shit and i gave up on aesthetic part of charting and left just general percentage predictions. Rektage incoming.
This is probably going to be one of this "That didnt age well" ideas. Looks like a "W" for me.
We are flat, and im gonna short top box (levels put according to bitmex, bitfinex is kinda bearish now for entries charting) and long bottom box both with pretty tight stop losses. This is what im gonna look for: If we close above the highest level i have on chart - im bullish, target is upper median(yet we still would be in a downtrend, so its more of a bounce...
This is a counter idea to my long position. Overall, it can just be a breakout, followed by a small pump and then rejected at the lowest median to previous support to consolidate for a little longer.