BITFINEX:BTCUSD   Bitcoin / Đô la
Breaking out of triangle usually is continuation trend. In our case its downtrend. The way i see it more likely that we first go downwards. Targets are :around 10k, around 9k and then we test 7.8-8k. After that targets are 12.5 and 14-14.5
Bình luận: Going down as we expected. Targets are the same.
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Bình luận: First target 10k is reached. Tether situation will speed up current downtrend and we'll see next targets soon
Bình luận: Chart patterns say that we might get dead cat bounce to 11k area and continue downtrend.
Bình luận: Note that this is just a possibility. Doesnt mean it will happen for sure. Nothing is certain in cryptomarkets
Bình luận: 9k and 8k targets are reached.
Bình luận: next target is 10.3-10.5. but we can easily drop from there to to 8k (or even 7.2-7.3) as well before going to new highs.
Bình luận: Something to note. Look at this red arrow that I just drew to show how today's 8180 bottom wasnt something made up. It touches trend line from week's old chart perfectly.
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Bình luận: Goin down to 8k. 7.2-7.3 is definately possible
Bình luận: BOOM!
Bình luận: Boom means we are basically fucked. Anyways we reached our 8k target, touched 200MA at 7.8. But this is far from over. Yes we can bounce a bit on low volumes aka fakeout aka bull trap. But we will go lower. 7.5-6.5 is the area. We are bearish af right now and whales will push down the price to the point where its comfortable to buy for them and will rekt more longs on the way there. And then we will probably have a jesus candle. Gl!
Bình luận:
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Bình luận: Sorry guys. Upper trend line was moved somehow. This is the right chart now.
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Bình luận: Next targets are: 6300 and 5400. We might bounce hard from there. Dont panic. Drop that we see now is the only way it has to happen. Whales trying to make plebs to sell their coins at a loss. There's definately accumulation is goin on. Gl!
Bình luận: This is weird with charts again. Last update ended up in comment section with right chart and in update section its a weeks old chat. LOL. OK then here's the right chart))
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Bình luận: Also the current bounce is short term. So dont fomo too much. If u scalp remember to take profits. Dont be greedy. We are still bearish and we are goin down.
Bình luận: 6300 target reached
Bình luận: We touched 6k. Retest and possible 5400 is still in play
Bình luận: Hello everyone. I have a good news and a bad news. First good news. As i see it there's 15-20% chance that we can see 9-10k price levels. Not much but its a good chance to close longs for people who are still underwater. The bad news is that downtrend continues. Targets are 7.5k, 6k, around 5k. 6k is a strong support level but if it breaks then yeah 5k ish here we come.
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Bình luận: Damn. This is such a perfect bull trap. 9-10k range is where plebs fomo and think it's time to buy and it looks so bullish. But then u dump it to the ground (aka 6k retest or lower) and make all them plebs who bought there to panic sell to the same whales on the way down. That's exactly what i would do if i was a market maker. Actually that's how market works. Be careful guys. I warned u...
Bình luận: Maximum where we can go here as i see it is around 10.5. (agree there's room to go to 11k but it is very unlikely) So im telling u now sell, sell hard. Take profits. U can buy cheaper after. Here's our targets to look for: 7.7-7.8, 6.2, 5.4 and possible wick down to 4-4.5. Look at daily. No volume. Decreasing volume. Whales didnt bought enough on our last dip. Believe me when they will u'll see the real jesus candle. This is how market works. Dont listen to those "experts" who telling u now to buy cuz its so bullish etc. Cuz it looks bullish. Thats what market makers want u to think/see. Remember 11k to 6k slow bleed? That's what we will see again. GL!
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Bình luận: Looks like market makers want to trap more buyers and 11k wasn't enough. So to do that price has to go up. Therefore we have to adjust our numbers a bit. It can go up to 12.8. But it changes nothing. I'm expecting a correction. First targets are: 9.5-9.8, 8-8.3. Lower targets as mentioned in previous update but we have to see volume to confirm we go there. How to do that? It's not so hard really. Just look at selling volume. If it increasing then u can say for sure that market makers want to push price down more so they can benefit from their shorts and buy back cheaper after. So watch closely there and be careful. Don't buy back with 100% but scale in slowly to buy more at lower prices. Another thing i have to say that to confirm that trend is bullish and bottom is in we have to close above 12.8 with confidence and good buying volume. But for now that scenario is only a possibility and i see the same patterns we had when we pumped to 20k and then dumped to 10k back in december.
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Bình luận: Here we go. Fasten your seatbelts!
Bình luận: Downtrend confirmed. We can go to 9.6 and bounce to 10.4-10.5 after. Then continue to dump. So targets are 9.6, 8.8-8.9, 8-8.2, 7.5, possible 6-6.5 (perfect range to add to long) and 5.5.
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Bình luận: Note that we might not dump very fast. It's to easy for us to buy the dips if it will be like that. We will dump with some bounces for sure for maximum pain.
Bình luận: Right. Something i forgot. Other than trend lines and ichimoku u can see important levels on fib retracement i drew on last chart. Zoom in. Btw guys i would really appreciate thumbs up if u like and agree with this idea. Means a lot. Thanks.
you still think its a bull trap?
Phản hồi
ckaty Judas_Goldrich
@Judas_Goldrich, Affirmative
+5 Phản hồi
You are my favorite analyst on tradingview.com!
+3 Phản hồi
Maximum where we can go here as i see it is around 10.5. (agree there's room to go to 11k but it is very unlikely) So im telling u now sell, sell hard. Take profits. U can buy cheaper after. Here's our targets to look for: 7.7-7.8, 6.2, 5.4 and possible wick down to 4-4.5. Look at daily. No volume. Decreasing volume. Whales didnt bought enough on our last dip. Believe me when they will u'll see the real jesus candle. This is how market works. Dont listen to those "experts" who telling u now to buy cuz its so bullish etc. Cuz it looks bullish. Thats what market makers want u to think/see. Remember 11k to 6k slow bleed? That's what we will see again. GL!
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Phản hồi
Finally! I give with someone who thinks the same. BULL TRAP BULL TRAP its logical! thanx!
Phản hồi
when do you think the bull trap will happen? when it hits 10k?
Phản hồi
ckaty Getitdoneson
@Getitdoneson, This whole move upwards is a bull trap.
+1 Phản hồi
ckaty Getitdoneson
@Getitdoneson, As for price i see a 9-10k range, at maximum 10.5k. But if i was buying in this range i wouldn't buy at 9500 for example as i see this move upwards can turn around at any time. I know many people will buy 9500 "breakout" as a bullish signal to buy. (also market makers will play this against u) But say it reverse at 9.7-9.8 and u are trapped. So it's too risky.
+1 Phản hồi
ckaty Getitdoneson
@Getitdoneson, It also depends what kind of trader u r. If u r scalper and can do fast trades then yeah u can play breakouts all the time, longing support and shorting resistance. If it doesnt goes your way u just close with stop loss. Move to the next scalp. Fast in and outs. Now if u r a swing trader that's another thing.
+1 Phản hồi
@ckaty, I'm a position trader, holding weeks to months. So I need to get in at a good price before the move. My game plan is, if the price breaks the big resistance line of around 11-12k with volume on the daily, then I go in. If not, then I'm looking to laddering in my buys from 6k to 4.6k.

What do you think of this plan?
+1 Phản hồi
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