100 MA has just slapped BTC right in the teeth as it cracked the top of the pennant. Will it make it to the 200 MA? It's also converging with the Gann fan 1/1 S&R line set at the pinnacle of BTC price.
The MACD has also crossed on the 1 hour, heading for a 4 hour cross.
It's gonna be brutal.
20/50/100/200 MAs. Right now BTC is meeting Mr. 100 and not far to go if he goes through the 20 he meets with the bearish side of it's bullish Gann Fan and from there should smash the 50 at which point the bottom becomes a very long way down indeed. BTC, btw, has never been below the 200 until Feb and never back above it.
No moon tonight.
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This period is called "jerk the price up and hodl until the order book fills back up.. get them last little bull nuts".
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(image) Alternate MOON trajectory increasingly *possible*.. but 5B$ just left the market..
Trade ist aktiv
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I'm still no moon guy.
Trade ist aktiv
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Just about hammer time. Any and every way I look at it subjectively, the odds are heavily stacked against poor BTC.. The double bump at the end of the CCI (bottom oscillator) should send it pretty quickly to the other side (knee jerk), a distinct lack of excitement at this point.. the order book is taking a long time to move up after each little batch of sales and it's getting clobbered by the 100 MA well before reaching the 200. And the MA on the volume is about to hit the floor.
IMO, one of the exchanges has been artificially killing shorts (ie; it's their web site they can take your money any time you're willing to risk it) which is having the same impact on price. I'm sure this exchange will post a very fine start to Q2.
BTC. You're gonna have a bad time.
Anywho, more bearpaper!
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Grab your TP and some new drawers.
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Bulls Trap Themselves - Read my comment & chart @ like 4/21/3am-ish..
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Nothing to see here, perfectly normal.. move along, move along.
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Stop loss popping bots! Look at the L&Ss dropping like flies.. mine's still open :x
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Well, it took a moon shot.. and got swatted. I set my stop loss slightly above the current last little bump in this slid.. and slid some more. There it had a longer, lower bump so pretty confident they will not get triggered.
If they do.. going to the moon with egg on my face..but at least I'll be there. :D
Trade ist aktiv
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Bitcoin Blood Moon trading zone!! Don't lose your shorts! It's a long way to the bottom, get some profits (or regain losses?)! DO NOT keep failing on your longs & shorts! Don't you see that every time you open a position, you get b*tch slapped? Then a quick teaser and back on to the trend! Try again right? Just don't get popped every other candle, duh! Find the S&R target and anticipate a little ride on it.. but honestly. There is not much life left in this party, that's for sure.
The Long & the Short of It - Literally - Bull Traps Set by Bulls
Bitcoin margin traders have been the primary cause of volatility, it would seem.
What I see here is that for the most part, bears have much less impact on the market than the bulls (I would have thought the reverse!). True, a big bear paw helped knock BTC off the high horse, but the next day bulls started a path of self-destruction. This battle played out for a bit, with the bears seeming more strategic and the late coming bulls having major FOMO. The early bulls falsely inflated the CCI which was easy to do the day after all those shorts opened.
The price continued to go downward as people took their profits before they weren't profits anymore and this caused a lot of bull nuts to be squeezed. Everyone decided to give it another shot and, you can see that as L&S activity stabilizes the market tries to return to normality...which has been a down trend but it's trying to normalize the 6-11K range.
The long bulls finally gave up in the last week of march, falsely *deflating* the market as they had done previously.
At this point every has had their ass torn from both directions and I'm lmfao at how all these smart people out smart themselves. I, having no financial eduction or even skills or responsibility, have also had my ass handed to me so .. This pot is also black.
Everyone had a good LOOONG as week to analyze the crap out of every micro & macro pattern possible and a lot that aren't.
As mentioned, the bears seemed more strategic and you can see that a large number of shorts were opened at the PERFECT time.. when the 100 MA is crossing the 200 .. AND the market is hitting nearly 200 on the CCI.
The rest of the week was mostly Joe Blow grabbing big handful of FOMO. He's the one who is going to cry elephant tears. :(
We're at a crazy pinnacle of resistances from literally every direction and that hammer is super crazy ready to pounce on a market full of bulls who have run out of steam driving their precious lambo straight into the ground.
Ironic eh?
Ragnar_Dragneff
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DrDovetail
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big buy wall on gdax
lazytrade
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@DrDovetail, You know what that means....... someone is about to have an extremely profitable dump party. And, it's certainly not me I though I may enjoy a bit of profit taking should that be the case.
lazytrade
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@arthax0r, A last minute effort to push a falsely inflated price over some heavy resistance is doomed for failure, but hopefully I'm wrong and it will be moon across the board next week!
lazytrade
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@arthax0r, that's just a response to this crazy price action right now :)
DrDovetail
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@arthax0r, it will continue I think to move up slowly....to a point where everyone is anticipating a dump or a retracement but the retracements will more or less be sideways consolidation and accumulation....if we set our stoplosses just a few pips below the recent bull flag we broke out of we should be safe from any bear traps.
lazytrade
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Just about hammer time. Any and every way I look at it subjectively, the odds are heavily stacked against poor BTC.. The double bump at the end of the CCI (bottom oscillator) should send it pretty quickly to the other side (knee jerk), a distinct lack of excitement at this point.. the order book is taking a long time to move up after each little batch of sales and it's getting clobbered by the 100 MA well before reaching the 200. And the MA on the volume is about to hit the floor.
IMO, one of the exchanges has been artificially killing shorts (ie; it's their web site they can take your money any time you're willing to risk it) which is having the same impact on price. I'm sure this exchange will post a very fine start to Q2.
BTC. You're gonna have a bad time.
Anywho, more bearpaper!
lazytrade
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@arthax0r, lol. Bed time. I should be able to self-sensor or remove my comments within a reasonable amount of time. C'este le vie.
lazytrade
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Just about hammer time. Any and every way I look at it subjectively, the odds are heavily stacked against poor BTC.. The double bump at the end of the CCI (bottom oscillator) should send it pretty quickly to the other side (knee jerk), a distinct lack of excitement at this point.. the order book is taking a long time to move up after each little batch of sales and it's getting clobbered by the 100 MA well before reaching the 200. And the MA on the volume is about to hit the floor.
IMO, one of the exchanges has been artificially killing shorts (ie; it's their web site they can take your money any time you're willing to risk it) which is having the same impact on price. I'm sure this exchange will post a very fine start to Q2.
Bitcoin margin traders have been the primary cause of volatility, it would seem.
What I see here is that for the most part, bears have much less impact on the market than the bulls (I would have thought the reverse!). True, a big bear paw helped knock BTC off the high horse, but the next day bulls started a path of self-destruction. This battle played out for a bit, with the bears seeming more strategic and the late coming bulls having major FOMO. The early bulls falsely inflated the CCI which was easy to do the day after all those shorts opened.
The price continued to go downward as people took their profits before they weren't profits anymore and this caused a lot of bull nuts to be squeezed. Everyone decided to give it another shot and, you can see that as L&S activity stabilizes the market tries to return to normality...which has been a down trend but it's trying to normalize the 6-11K range.
The long bulls finally gave up in the last week of march, falsely *deflating* the market as they had done previously.
At this point every has had their ass torn from both directions and I'm lmfao at how all these smart people out smart themselves. I, having no financial eduction or even skills or responsibility, have also had my ass handed to me so .. This pot is also black.
Everyone had a good LOOONG as week to analyze the crap out of every micro & macro pattern possible and a lot that aren't.
As mentioned, the bears seemed more strategic and you can see that a large number of shorts were opened at the PERFECT time.. when the 100 MA is crossing the 200 .. AND the market is hitting nearly 200 on the CCI.
The rest of the week was mostly Joe Blow grabbing big handful of FOMO. He's the one who is going to cry elephant tears. :(
We're at a crazy pinnacle of resistances from literally every direction and that hammer is super crazy ready to pounce on a market full of bulls who have run out of steam driving their precious lambo straight into the ground.
Ironic eh?