Short

One more crash before going up

Aktualisiert

IMO this structure is very simmillar to what happened when BTC first reached 45k from 35k previous year ,Selling pressure is very high at this prices , I dont see enough volume to take us above 70k , multiple weeks of consolidation between 60-68k is very possible before something happens to lift us
Also the main news here is US election , chance of Trump become president is 50-50 but right now price at 6-months high with super high open interest , it doesnt make sense to be this high when there is uncertainty about middle east and US election

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This is the previous year crash I'm talking about

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Dick pattern starting to form , I guess we will see 65k soon

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We just had stop loss hunt after US session bellow 66.8 ( 25M liquidation for ETH and 15Mil fot BTC ) this usually means Whales are dumping their bags but they first liquidate people so that no one long with them so that they can close their longs at top .
now that liquidation finished we might see 69.5k one more time
Same thiefs , same patterns , same story .

Trade wurde manuell geschlossen

Closed my shorts from 68.8 at 67.5, will wait for another pump to short again

Trade ist aktiv

Opening some long position from 67k , chart seems very oversold , almost 10 4h of downtrend

Trade ist aktiv

With this drop , I'm starting to think next target will be around 75k before election ( currently the top is 72k) , I think it will hold this uptrend channel untill election day
Adding more to my longs , stop loss is bellow 65k which will invalidate uptrend completely

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buying more at 66.1

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My yesterday channel was little off , the better one is this one which the bottom is 65.5 . I put much more long orders at 65.5 in case it drops deeper.
With drop like this I become more certain that we are still in an uptrend , this is just typical BTC liquidity grab before another explosive move

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Chart still in a good shape , we have couple of 6 4h drop follow by 6 4h pump and currently it's doing 8 4-h drop .
It's in extreme oversold statewe will probably see same sort of pump after it finishes the liquidation ( which probably mean we will have uptrend on thursaday and friday ) my guess is it will close weekly candle green above 69k

Trade ist aktiv

buying more at 66k , it's one of those trade that have +90% chance to be successful IMO

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It should retest atleast 68-68.5k

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putting more buy orders at 65.5 , 65 and 64.5 I dont think it will go bellow 65 but I just put a big order at 64.5 incase it goes deeper

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All my longs at profit but sadly probably lots of people lose a lot of money on both side
Overall chart behaving as it should , right now most important resistance is 68100 and 68800 if it pass them we will go to 75k in a straight line so be very careful shorting ( I'm not sure anyone reading this just saying Incase some one does, tradingview idea section is like talking to yourself 😂)

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With crypto you can always make profit with patient and careful observation on key levels and the way it drops or pumps, you should never enter because of FOMO or FUD

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I mean u don't even need any indicator or fancy tools most of them are useless delayed indicator showing past data in an obscure way , trading is certainly very possible with just couple of lines and carefully observe what market makers trying to do ,I had like 95+ percent winrate in last 3 months doing both shorts and longs

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We are in uptrend channel , right now only longs make sense as long as we are inside the channel . We can retest 65800 one more time or go straight up

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I put some more long orders at 66 and 65.5 in case it dropped one more time , Stop loss is going bellow 64.5 , plan to hold them untill atleast it reach 75k or the top of uptrend channel whichever comes first

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Sold what I bought at 67k at 67.9k and putting another buy order at 67k to reduce buying average price

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Trying to break the most important GANN line

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After this one there is no major GANN resistance until 82k ( there is a monthly resitance at 75k and ATH at 73k in between ) , these area could be new trading ranges

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BTC rejected from 68800 and goes bellow 68k again , not a good sign if today and weekly close like this

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Most alts are dumping , Japan stock is still in downtrend , Japan session is keep selling BTC as soon as it opens , this is usually sign of another big drop , I put stoploss for my longs from 65.5 at 67 in case it dropped fast

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Since I dont want to hold anything at this high prices on weekend , closing all my positions
with descent profit will continue trading on monday

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What a mess is this chart , I was lucky get out in time ! pure manipulation once again, fast pump and dumps to grab all liquidity they can before next move

uchar1

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