You are reading an idea of the only one who spotted that savage drop & important resistance line on this site yesterday.
As i say "attack", i mean "helping", because i called you about the important trend line that is acting as resistance and even its drop in my latest idea. However, everyone, including "top authors" believed that it had broken out the "downtrend line" and there had been only 60 people viewed my lastest idea before it actually crashed lol.
Well, i think this time you learned something about trend lines and false breakout. You have to remember that there isn't such thing called "false breakout", there's only false trend line. You can also read my idea about what i thought about how to draw a proper trend line in the "Related Ideas" section.
About me, i shorted 200 BTC at 7150, don't know if it shifted the market or not lol sorry. But most important, you have to beware of whale's new tricks in the future, they CAN shift the market by creating false signal and they are just better and better, who take 95% market's money every time.
Okay back to the 4H chart, we were pushed down from my trend line, preparing for the bigger drop. But this drop is not a normal drop, this is the last drop of crypto crash, after this drop, bitcoin will start a bullish term and maybe we will never reach that bottom price again. Let's wait to buy cheap coin. It will be very normal that HODLERS has kept holding Bitcoin for months until they sell all of their bitcoin in this zone lol. 6000 will be a weak short-term stop. You can find the bottom target in my idea about bottoms in the "Related Ideas" section.
Sometimes, i just wanna lose the market once so i can give you guys some tips about stop loss... haha
AS ALWAYS, SORRY FOR MY BAD ENGLISH AND SAFE TRADING EVERYONE!
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20 EMA is not my only indicator, lol. I suggest having at least RSI and 1 volume-based indicator in your chart*
For any ideas or questions, tell me what you think in the comment section. I don't explain my idea much, i'm a type of man that THINK much, not talk much, so i'm really sorry for not explaining my idea clearly(I know i look retarded when i use my poor English skills) ! Don't ever suspect my crazy thoughts, they come from my hours of work.
If you want to learn something, these are some best source trusted by me:
- Technical Analysis: stockcharts.com, investopedia.com
- Fundamental Analysis: medium.com, bitcointalk
- Books: Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications, The Disciplined Trader: Developing Winning Attitudes
My predictions are accurate and helpful ? Follow me, i can help you define the market moves. Of course, no one can totally predict the future. But we trade smart, we trade differently. Always use the f*cking stop loss.
-----------------------------
Who am i ? I'm a cryptocurrency whale (call me a goldfish), a swing trader and a low-key emotionless chart analyst that you can trust lol.
- MrPalmTree
As i say "attack", i mean "helping", because i called you about the important trend line that is acting as resistance and even its drop in my latest idea. However, everyone, including "top authors" believed that it had broken out the "downtrend line" and there had been only 60 people viewed my lastest idea before it actually crashed lol.
Well, i think this time you learned something about trend lines and false breakout. You have to remember that there isn't such thing called "false breakout", there's only false trend line. You can also read my idea about what i thought about how to draw a proper trend line in the "Related Ideas" section.
About me, i shorted 200 BTC at 7150, don't know if it shifted the market or not lol sorry. But most important, you have to beware of whale's new tricks in the future, they CAN shift the market by creating false signal and they are just better and better, who take 95% market's money every time.
Okay back to the 4H chart, we were pushed down from my trend line, preparing for the bigger drop. But this drop is not a normal drop, this is the last drop of crypto crash, after this drop, bitcoin will start a bullish term and maybe we will never reach that bottom price again. Let's wait to buy cheap coin. It will be very normal that HODLERS has kept holding Bitcoin for months until they sell all of their bitcoin in this zone lol. 6000 will be a weak short-term stop. You can find the bottom target in my idea about bottoms in the "Related Ideas" section.
Sometimes, i just wanna lose the market once so i can give you guys some tips about stop loss... haha
AS ALWAYS, SORRY FOR MY BAD ENGLISH AND SAFE TRADING EVERYONE!
--------------------------------------------------------
20 EMA is not my only indicator, lol. I suggest having at least RSI and 1 volume-based indicator in your chart*
For any ideas or questions, tell me what you think in the comment section. I don't explain my idea much, i'm a type of man that THINK much, not talk much, so i'm really sorry for not explaining my idea clearly(I know i look retarded when i use my poor English skills) ! Don't ever suspect my crazy thoughts, they come from my hours of work.
If you want to learn something, these are some best source trusted by me:
- Technical Analysis: stockcharts.com, investopedia.com
- Fundamental Analysis: medium.com, bitcointalk
- Books: Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications, The Disciplined Trader: Developing Winning Attitudes
My predictions are accurate and helpful ? Follow me, i can help you define the market moves. Of course, no one can totally predict the future. But we trade smart, we trade differently. Always use the f*cking stop loss.
-----------------------------
Who am i ? I'm a cryptocurrency whale (call me a goldfish), a swing trader and a low-key emotionless chart analyst that you can trust lol.
- MrPalmTree
