I don't advise taking this position. My exposure is small (100k position 10x) Just trying to test something and with this ocassion maybe some profit :)
Does volume precede price? Well, let's see how this goes in the long-term. Bakkt was a total failure volume-wise. Bitfinex & Tether risks a 1.3 Trillion $ Lawsuit Binance copy-paste Bitmex then, affirms that Binance accepts AliPay, AliPay denied and signs of government corruption are pretty high. Tether keeps printing unbacked USDT and their project LEO...
This chart is a zoom inside the bellow idea. With breakdown events and future bullish & bearish moments of BTC. Previous accurate predictions
It is simple gravity. What goes up must go down. Haven't you learned already? I hope you took the short I've told you in Sample #1 and Sample #2. This is all Tether manipulation!
Huge Trend channel that failed to break with a rejection at 13800$ area. Incredible price action, incredible way of draining every little hope & pain from HODL'ers. Even MORE! This chart will age well <3 Is one of those on long-term prediction's that I make and strike with surgical prediction.
What you think will be A or B? After we get a nice 40% correction overall. And pockets filled with a lot of profits from shorting it. What would be the next move? Comment bellow with your choice.
We had a beautiful altseason with gains of over 300% in many cases. That means triple your BTC. Ain't that good? I bet it is! But don't over stay to long in it. Some coins will still have some juice in them by the end of the season. But LTC has always led the market & season since 2015. Now we enjoy the rides & profits. Stay safe!
At this point I am going ALL-IN SHORT Screw then bulls, screw them plebs. You bought at this level? Slap yourself.
A simple Lower High / Lower Low - Change of trend. Let see how it plays out.
This chart is self-explanatory. Read what you see, the market calls it for a major correction in the area of 6000-7000$.
I am trying to see if the effect of this delusional pumps that last between 100 days and 50 days are any good of :) Or just burst of attention during April-May.
So far we have reached Supply Area #1 if the FOMO gets high we might see to hit Supply Area #2 After that the supply my reach in an Waterfall situation where old HODLers are willing to dump for smallest loss possible or higher then break-even. There is no fundamentals to back this pump, only technicalities. Fundamentals actually are worst then you might...
I consider that the supply area has been reached and this V shaped rally will stop extremely soon.
Lets see how this plays out.
MAJOR CORRECTION AHEAD. It might run up for a shadow candle at 5700-6000 LEVEL. But that's it major supply at 6k$ so basically that's where the game is over. But currently all WEEKLY indicators are forced out of their maximum values which indicates me that a very MAJOR correction is coming. Larger then 30% So those neysayers that said we won't see 3000$ area...
The pattern of higher-highs and higher low's. It has now ETH-BTC pairs on its side with a lot of room up. If we going in downtrend it will try to go and create a lower- high. Either of that it looks like a LONG position somewhere here. Didn't yet decided.
Basically no overanalysis just based on MOMO (Momentum Traders point) Which means once an asset goes up it will continue to do so with small corrections in between. Not a financial advice just testing DOOM & MOON Variants.
Greed is stacking up Why are we going up? For no reason at all. Fundamental literally ZERO reasons. Just PURE speculation pump based on no outside interest. The smoke has been imprinted already in general mindset that Mt. Gox coins will be released in 2 years. Hmmm based on some guy that had no more patience and sold his claim. Technically we were in a neutral...