Both MACD and RSI show bullish divergence on 2-hour and 4-hour chart. The bullish divergence is actually a sign that whales are accumulating.
I think 7k6 is close to the bottom of this cycle. Whales may release good news in the following weeks and try to pump the price higher to sell.
There might be another one or two dips to 7k2-7k6 but I think the bottom is not very far away.
I think 7k6 is close to the bottom of this cycle. Whales may release good news in the following weeks and try to pump the price higher to sell.
There might be another one or two dips to 7k2-7k6 but I think the bottom is not very far away.
Bình luận:
Just saw the news. Obviously big boys knew it was coming.
Bình luận:
The local bottom 7200 may lead us to the next stop 8800; and then there might be a pullback before it gets pump again and break 9000.
Now we are in a consolidation phase after the price breaks 8000 major resistance and it also found support above 8000 when shaken up and down. This is a bullish sign.
Now we are in a consolidation phase after the price breaks 8000 major resistance and it also found support above 8000 when shaken up and down. This is a bullish sign.
Đóng lệnh: dừng lỗ:
Well. Seems something bad happened. My stop-loss at 8399 was hit and now I am out.
Bình luận:
Let's see if this is the whales' plan:
By the way, someone is moving 4500 BTC around. Rumor says the receipt is an exchange.
blockchain.info/tx/1...3e2a0c6b28d0f63b8aae
By the way, someone is moving 4500 BTC around. Rumor says the receipt is an exchange.
blockchain.info/tx/1...3e2a0c6b28d0f63b8aae
Bình luận:
*recipient
Bình luận:
The movement of BTC right now looks very bearish to me. This kind of movement is usually created when whales are dumping their bags. I hope I am wrong.
Bình luận:
Ignore my last comment. Although whales are selling, it seems the buying interest from retail buyers is still very high. I think they may pump it one more time to 8700-8800
Bình luận:
I have sold and closed my long at 8620. I dont think there's much room above.
Bình luận:
Still looks very bearish. The pumps are weak and they formed many needles (long upper shadow) on 5-min chart. More like luring people to buy more. I have opened a small short position at 8600. I will short more if they pump it higher.
Bình luận:
By the way there is still a chance they will pump it to 8800 like what they did on 3/16. That's why I didn't open full short position at 8600.
Bình luận:
Just opened more shorts between 8800-9000. I have moved my stop-loss to 9301. I don't think this is a reversal. More like a bigger bull trap.
Bình luận:
Just want to share with you something interesting I read on Weibo:
Do you think the bull market is back? Just ask yourself one question, "Are you and your friends buying like crazy? Or you are just waiting for the next pump so you can sell and break even?"
Food for thought.
Do you think the bull market is back? Just ask yourself one question, "Are you and your friends buying like crazy? Or you are just waiting for the next pump so you can sell and break even?"
Food for thought.
Bình luận:
Bulls are stronger than I thought. There might be another wave up to 9300. Now it forms a rising wedge. We may see a retracement to 8300-8500 after it breaks it. I am still holding my shorts, and will probably add more if it really goes higher than 9300.
Bình luận:
Bình luận:
I would not open any long position at the moment. It could fall now or after another wave up. No body knows.
Bình luận:
We just broke the rising wedge and start falling. You can see some giant buy walls on the order book rn for luring people buying the dip. And my shorts start bringing me some nice profits.
Bình luận:
I have closed all my short positions around 8850. The retracement is not as deep as I thought. And here's the new short-term trading plan.
Đóng lệnh: dừng lỗ:
Are BTC cycles becoming shorter and shorter?
We don't trade patterns. We draw them.
You can trade at your own risk.