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TR7z
28. Mai 2021 21:25

BTC - Money on the siding !! 

Bitcoin / U.S. dollarBitstamp

Beschreibung

Hello trader,
good mood and profitable deals 💲

If you're new in the game,and you are interested in my plan🗺️, check out my previous analysis ( link below ) :

BTC welcome to a boring,tricky...
BTC fractal analysis! bigger correction is comming ?
BTC Crypto Hype III - The top is set -618 play !!
BTC 2017718 fractal- - We'll be waiting longer for new ATH !!

BTC- His intrinsic value, which is why i will not invest IMO, only swings and daytrading !!

By pushing ahead with digitization, BTC emerged as the winner of the pandemic, smart money came in and Elon Musk put an institutional cap on it. ETFs, futures and much more was established. The promise of quick money and the desire for wealth sounds like that so far, very good, we have seen what has become of it over the past few weeks.
Or do you still believe that BTC will reach new ATH in the near future?
I don't think so. Due to the economic recovery in the USA, the risk-free return has risen and is expected to continue to rise in the future, a gift for all speculative asset classes. Then there is inflation, also very bad for all asset classes with low cash flow, auser gold.gold has proven itself to be a safe haven for decades. BTC has not lived up to its reputation as digital gold, far too volatile! while BTC OI fell sharply, the gold OI rose sharply, so smart money is changing its playing field from BTC to gold ... These are all the reasons why I assume that we will wait a long time for new ATh s ... I hope i'm wrong what do you think ??
(Information on the part of formationstrader)

If you want, I'll also carry out the post technically‼️

Unfortunately, my english is not so good and I work with google translate, but if you have any questions I will be happy to answer them .

My followers have been making a big ride with me since I posted.🤑 Crypto performence above 200 % in this year,check it out!
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Thanks for reading my ideas,
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bad looking monthly and weekly candle, bulls don't have much time

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From a MA perspective:
IMO we are supported by 1D MA 300, 1D MA200 is resistant.
In a few days BTC draws a D MA20 / 200 death cross, most of them there is a recovery afterwards before we fall hard again, probably to 1W MA50

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From a EW and FIB perspective

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Regarding the main diagram, the blue arrows would be a failure of a decent ABS correction, as happened in 2018 (blue circle)

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I would like to mention that all I post are just options and my own opinion !
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
Discipline is the key to success !
Trade setups, no opinions !

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falling wedge idea on LTf is failed

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I suspect that smart money uses the low volume on weekends to push the price down and scare off small investors to rebuild BTC at the beginning of the week. It would be the second or third time in a row now .

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New education post

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The selling pressure flattened and BTC was able to form a falling wedge. Indicators up to h3 show bullish divergence. Nevertheless, caution is required, the last 2 reversal chart patterns in 15 m chart and divergences also failed. If I had to guess I would say we go now 24-hour sideway nights until we try to get up again. We'll see that my long call from my previous vet is definitely still in the game, we just weren't stopped

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ETH / USD long is also still in the game

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Triangle has formed, BTC starts to go up, 1D MA200 is waiting at 40.5k, act as strong resistance and is my first target, if we can break the MA my final target is 45 k.

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As already mentioned, we are in the 4th wave of corrections of the entire downward movement. These corrections are very tricky and can take weeks - months. At the moment it would be a good sign for the bulls to close the 1D candle above the pitchfork medium line

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I closed my LONG breakeven

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bad looking weekly and monthly candle

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sorry, have to correct me, weekly candle formed as a doji indicates recovery

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Daytrade Long
Trigger: iv H&S breakout- bullback
SL : under 0,618
Target: triangle resistance

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set the stop on breakeven

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i closed my long with a small profit

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We had a nice move the last 24 hours,as expectet and we colsed daily above the pitchfork midiumline,but it looks like we lost the power .i think we are forming a H&S in LTF(H+S not confirmet) 36-35-34-33k is support....I think the big triangle is real.Not a good sign for bulls

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Daytrade Short
Trigger: H&S breakout-bullback
SL: above right shoulder
Target: pitchfork mediumline resistance = H&S 1to1

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if you are short, beware, we have a 4h support claster, MA20, supertrendline, and ichimoku cloud conversion line right below us, sorry I missed it

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risky long

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the iv hus idea is trash.34700 must hold.it would be a big HuSiv and very important a HL

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I closed my trade with -1% ,priceaction looks bab IMO

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These regions give us good opportunities to trade

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New Doge TA

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2 alternative wavecounts.I know,TV is bullish but my favorite is the withe one

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Kommentare
VintageGoldHub
Hello. I am new here and would love to be taught. Could you build me up for crypto and also share some signals with me?
TR7z
As already mentioned, we are in the 4th wave of corrections of the entire downward movement. These corrections are very tricky and can take weeks - months. At the moment it would be a good sign for the bulls to close the 1D candle above the pitchfork medium line
iaretheanimal
"IMO we are supported by 1D MA 300, 1D MA200 is resistant." This is currently true but has been true in previous cycles. It will stand until it doesn't. The fed continues to take on debt and has literally told everyone they do NOT see tapering off any time soon. The current government continues to push spending (and now gives $300 per child monthly as well), imploring congress to pony up 50 billion for US chip factories which the ADMIT will only be the first ask and probably grow to 10X that amount. They push a 6 trillion dollar agenda without concern, extolling the virtue of Modern Money Theory and disregard for debt ceilings. When BTC was first created, it was a digital reverberation of Occupy Wall St. That cry hasn't ended, it shifted as we can see with "meme stocks" that drive out hedge funds. These entities that constantly pull from main street to enrich wall street (as seen by the increase of executive compensation during a pandemic as well), and you can be certain they want to own every asset class. There is zero reason why banks don't want to profit from crypto, which is why they are cautiously entering the space. Coinbase is going to be their prime example. Panic selling means profits. Fear buying means profits. Dollar Cost Averaging means profits. This is all money they are missing out on. The foolish notion that BTC is used for illicit purposes is a great distraction from the fact that CASH is not being traced as much as an immutable blockchain ever could be.
TR7z
@iaretheanimal, Thanks for this post. I don't think the FED can continue this course. In my opinion, they will start preparing the market for teparing shortly. At the moment there is an extreme lack of chips. 5g, cars, general new technology devour huge amounts of chips Some well-known industry experts are assuming that there will be an oversupply again in the middle of the net. Unfortunately, I can't go much better on it because my English is very bad. Otherwise I agree absolutly. tarde save
TR7z
AvenueWork
@TR7z, 618 is 25k?
TR7z
@AvenueWork, 26,6k at pitstamp
is 0618 from the total upward movement, tell me what is 0618 from the total downward movement?
E-x-t-r-a-v-a-g-a-n-z-a
How did you do that thing on the top right corner. I know how to put the BTC emoji, but I'm talking about the orange light gradient; thanks :)
TR7z
@E-x-t-r-a-v-a-g-a-n-z-a, Hy.its a projection tool,you can find it in the same block as long shorts
FeederGastro
Nice, the target is hit (or almost hit). The big question is, what next :) ?
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