Fabreezio

Fabreezio

When we see huge buyers come in like the ones mentioned realize that BTC must be sold first before price action flows up again. my suggestion is be patient, buy the dip after it retests low point. We are currently on initial impulse wave down. What do you think will happen? MY TA indicates downward break from white support line and from downward channel that was formed…..

Fabreezio

So there’s proof that a lot of bitcoin has been greenlighted for major purchases….perhaps even already purchased but the price action is showing the retracement back down to either the bottom of the descending channel or the bottom of the rising support on macro time frame (white line). Either way, i think every time I’ve tried to short bitcoin it never works...

Fabreezio

LMAO how many long liquidations??? How many investors keep trying to buy when bitcoin has already pumped? It fascinates me the herd mentality. Meanwhile the fear and greed index jumped from 26 to 31 to 40 to 47 which shows the reactive trend of people buying bitcoin now that it shows “growth” on their robinhood accounts…..let’s be real here and understand that...

Fabreezio

This just in…..whales are buying dips and eating chips….parabolic mode almost activated…Shorting bitcoin is a bad idea for the time being right now. Yes it might retrace back to $35K but will you be patient enough to wait for that to show on the actual price? Technical analysis only goes so far, but our expectations should be positive and hopeful for gains. Not...

Fabreezio

Hello Traders, This rally feels different. We have to see the numbers to understand that institutions are currently BUYING bitcoin at market order prices….$125 million BTC bought by Terra’s CEO on an exchange platform. Terra also plans to unvest in $15 Billion BTC reserves for peer to peer transaction ecosystem which will undoubtedly reign supreme for the...

Fabreezio

Looking like BTC has broken down from the rising support, and also rejected the overall bullish resistance line on macro timescale. Tell me this is enough confirmation to switch your money making to bearish mode for a bit? Otherwise you might get overwhelmed by the amount of longs getting liquidated. Trade with the trend - it is your friend. My target for take...

Fabreezio

Icarus flew too close to the sun and lost his wings out of selfishness and curiosity. The price action for Bitcoin was insane today, although I didn’t expect it to last. We approached the top of the triangle pattern and rejected $42K as expected…..For Now I remain bearish as the market is due for a massive correction. Stock markets look synthetically pumped up...

Fabreezio

Bitcoin is behaving like its going to the moon….but i am sorry to say this is just the top of the triangle and we should see $38.5K retracement over 100% down from this most recent breakout. Honestly, we should expect to see BTC go down to $20K this year….just saying. Look at longer time frame picture. Anyways. Enjoy this “bull day” its likely that the stock...

Fabreezio

Entry @ orange line + orange flag Target $44500 take profit Stop Loss $40100 Bullish short term Using Pionex grid bot - fully automated and ability to leverage up to 5x The reason I took this trade is because Bitcoin has bounced off the rising lower support level on smaller timeframe (white dotted line ascending) which means we are close to a pivot point. I...

Fabreezio

Honestly, today has been the ugliest price action ever. Tons of liquidations for both longs and shorts. It’s nearly impossible to set any safe stop loss due to “volatility” AKA the market maker is just making it impossible for anybody to make money. Not bullish, not bearish. I’m in standby mode until the trend is established and always cautious that Bitcoin can...

Fabreezio

See Previous Post… Despite seeing quite a bit of short liquidations on this upstroke of BTC yet again….just a fakeout. Market Maker plays the same trick on us 3 times in a row! I definitely see BTC not getting higher. Emotional people all are over the internet and YouTube right now saying $50K in the next two weeks…..Hmm….Just look up the term yield curve….You...

Fabreezio

The Market Maker……is the master of deception. When we see retail investors buying, that is a sign that it’s about to go down. The FUD out there is ridiculous. Given the current state of the Wyckoff Market Cycle (accumulation) this phase of Bitcoin is otherwise known as the “mark down” phase. Whales will continue to sell BTC, let the retail investors push the price...

Fabreezio

Currently still in my bearish entry trade at $41.5K and holding at 21% Profit….I have very little reason to exit this position unless BTC breaks the current resistance and retests for confirmation. Virtually zero profit loss if trend turns bullish. I only trade dramatic movements and Exit when the trend hits the maximum momentum, then automatically switch trend...

Fabreezio

Hello Traders I have done my best to present accurate and real time illustrations as the story unfolds. Welcome to Buy Dips and Eat Chips. Elliot Wave analysis usually works in 3–3-5 meaning ABC-ABC-1-2-3-4-5 movements. This method is used to accurately predict trend continuation and reversals. The chart above shows the replicated move for Elliot wave...

Fabreezio

Despite all the FUD and Index on Fear and Greed, many are still hopeful that Market Makers are willing to let Bitcoin start Mooning and set the stage for another possible upside fakeout. I have illustrated the two possibilities for this trend moving forward next week. Or Sooner. The weekend is when big players like to stop loss hunt retail investors….it can be...

Fabreezio

Good Evening Traders, The NYSE Stock Exchange saw negative moves today majorly bearish…..We have seen the market maker manipulate the long wick candle in this downtrend to liquidate shorts and longs….we have much more to come this weekend because the FUTURES market is closed until Monday. We are seeing liquidity pooling down at $34-$36K which needs to be...

Fabreezio

I don’t know if this analysis is too early to publish but BTC has been showing larger volume and larger dip below our EMA….We tried to hold $40K but the market makers want to liquidate as many longs as possible just enough to keep you interested. Don’t give in….Don’t Sell….HODL….BUY THE DIP, EAT SOME CHIPS…..My trading bot on Pionex is setup for 30,500 target but...

Fabreezio

Now that I’ve got you to smile, lets be logical and have a trading plan to MANAGE RISK - Not chase gains…… in all phases of the market..>We are currently in Accumulation, so its recommended to buy anywhere below $38K which is considered cheap in the overall long term scope of this asset. Whales are looking to buy in that area and above $50K which is when we shall...