If you're thinking about buying here i congratulate you for having such balls of steel, it looks like one of the biggest bulltraps so far of 2018
BTC is currently within my trading range on Fields of corn but id like to update with a long term perspective on on the downside.
We can use logarithmic charts to see a more zoomed out approach of an assets valuation over time, but this has lead to increased speculation around repeat cycles and basing targets upon them, from trading alts i have learnt this is risky business. so in this instance and chart, we are calling Bitcoin another altcoin, and wishing to see a suitable retrace to an accumulation zone marked with the green lines. Many people will say how, why? and i will answer; institution are not our friends, their algo bots, likewise are not our friends.
now we have called bitcoin an altcoin, lets look at the cycle length. this has to gotta be much longer comparative to alts, to absorb all those altcoin pumps. 3 years seems a suitable medium for this to reach an accumulation zone; just to throw people off guard. markets seem to work in opposites. i can see minimal support on the way up via weekly candles, but a slower retrace down, this is all part of the plan. the next leg down could be parabolic and fast, bots liquidating every leveraged long and dumping back onto the market immediately through a cascade of scalps snapped up by retail assuming they are getting bargain basement prices.
as high frequency trading bots and futures markets come into bitcoin, there will be no lambos throwing random longs at swing highs on bitmex, in my eyes believing this is very naive.
so lets kick back, wait for weakness to appear and short the crap out of the corn before soros hands us our ass on a platter for sure not made of fine metals but mere soggy cardboard. ETH will fall harder as it has been pumped harder, many bagholders will be caught in the rapid transition controlled not by trading emotions but the greed of institution.
BTC is currently within my trading range on Fields of corn but id like to update with a long term perspective on on the downside.
We can use logarithmic charts to see a more zoomed out approach of an assets valuation over time, but this has lead to increased speculation around repeat cycles and basing targets upon them, from trading alts i have learnt this is risky business. so in this instance and chart, we are calling Bitcoin another altcoin, and wishing to see a suitable retrace to an accumulation zone marked with the green lines. Many people will say how, why? and i will answer; institution are not our friends, their algo bots, likewise are not our friends.
now we have called bitcoin an altcoin, lets look at the cycle length. this has to gotta be much longer comparative to alts, to absorb all those altcoin pumps. 3 years seems a suitable medium for this to reach an accumulation zone; just to throw people off guard. markets seem to work in opposites. i can see minimal support on the way up via weekly candles, but a slower retrace down, this is all part of the plan. the next leg down could be parabolic and fast, bots liquidating every leveraged long and dumping back onto the market immediately through a cascade of scalps snapped up by retail assuming they are getting bargain basement prices.
as high frequency trading bots and futures markets come into bitcoin, there will be no lambos throwing random longs at swing highs on bitmex, in my eyes believing this is very naive.
so lets kick back, wait for weakness to appear and short the crap out of the corn before soros hands us our ass on a platter for sure not made of fine metals but mere soggy cardboard. ETH will fall harder as it has been pumped harder, many bagholders will be caught in the rapid transition controlled not by trading emotions but the greed of institution.
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Just for banter, playing sweet. break to sombrero - we go.
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Still to plan. watching eth here as its looking overly bullish vs the bitcoin. is the flippening upon us?
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Incorrect chart above. feel free to use it as a trading idea. heres the right one.
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Updated Possible waves down now pattern is emerging:
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May have called tops prematurely before we touch 10k which seems to be popular among the crowd, however with BITCOIN essentially being the crypto Index; its perfectly logical to see USD value be stored here over other digital assets; we see this regularly during corrections to the downside.
Trade ist aktiv:
Top tips from the tacosaurus - buy the foot and dump the sombrero until a trend is found
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top tip update: Dump the pump with no emotion
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clean white charts appear to be kinder on the eyes
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one for the bears, i should spend more time trading and less trolling;
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Actual chart:
Trade geschlossen: Ziel wurde erreicht:
Short position partial close into a long here;
