If you’re buying Bitcoin Cash (SV), you think that Craig Wright is the real Satoshie!
I do not think he is the one behind Bitcoin.
To me, this looks like ann exit pump where whales will exit selling you their bags.
They do this to Bitcoin SV because it’s a small coin and it can be done on those coins.
They will never be able to do this to real Bitcoin and that’s why they shit talk to Bitcoin while accumulating it selling you their bags of Bitcoin SV.
Be VERY, VERY careful!
Just one tweet and this can go 50% down in a matter of minutes.
I do not think he is the one behind Bitcoin.
To me, this looks like ann exit pump where whales will exit selling you their bags.
They do this to Bitcoin SV because it’s a small coin and it can be done on those coins.
They will never be able to do this to real Bitcoin and that’s why they shit talk to Bitcoin while accumulating it selling you their bags of Bitcoin SV.
Be VERY, VERY careful!
Just one tweet and this can go 50% down in a matter of minutes.
Craig Wright is not the creator of Bitcoin!
Bottom line!
Share with others because if this madness continues, there will be a lot of people holding coin that has nothing to do with Bitcoin!
And that can only hurt the reputation of the real Bitcoin and the entire crypto world.
There’s one Bitcoin and it’s not Bitcoin SV!
Bottom line!
Share with others because if this madness continues, there will be a lot of people holding coin that has nothing to do with Bitcoin!
And that can only hurt the reputation of the real Bitcoin and the entire crypto world.
There’s one Bitcoin and it’s not Bitcoin SV!
Back to Bitcoin,
Let it give you the next profitable setup.
If you enter now, you’re playing by your emotions.
If you let yourself be controlled by fear or greed, you more often than not get blasted.
Just zoom out and look at the higher picture.
Every trade can be a winning and but if you want to be successful as a trader, it’s about probability rather than a possibility.
It is possible that price goes up straight to any target you imagine, but if you find 100 similar setups, more often than not you’ll get wiped out here.
That’s the point here.
Let it give you the next profitable setup.
If you enter now, you’re playing by your emotions.
If you let yourself be controlled by fear or greed, you more often than not get blasted.
Just zoom out and look at the higher picture.
Every trade can be a winning and but if you want to be successful as a trader, it’s about probability rather than a possibility.
It is possible that price goes up straight to any target you imagine, but if you find 100 similar setups, more often than not you’ll get wiped out here.
That’s the point here.
Move up won’t last forever!
Those longs need to be wiped out for a continuation.
Keep that in mind.
Currently, there are five traders that are long and one that is short on average.
Do you think one trader can give enough for those 5 to take profit?
That's why "manipulation" exists; otherwise, trading wouldn't be a zero-sum game.
It takes only a couple of big guys to book profit and once price hits stop loss area, instantly, the big drop is coming.
Those longs need to be wiped out for a continuation.
Keep that in mind.
Currently, there are five traders that are long and one that is short on average.
Do you think one trader can give enough for those 5 to take profit?
That's why "manipulation" exists; otherwise, trading wouldn't be a zero-sum game.
It takes only a couple of big guys to book profit and once price hits stop loss area, instantly, the big drop is coming.
This is also just a range at resistance.
The reason I see this as a weakness are those wicks into resistance and potential double top formation.
It is still an uptrend but bearish signs are showing up and the confirmation would be a move below $8600 support.
This doesn’t mean you have to short it but that there is a possibility to get a better long entry.
The reason I see this as a weakness are those wicks into resistance and potential double top formation.
It is still an uptrend but bearish signs are showing up and the confirmation would be a move below $8600 support.
This doesn’t mean you have to short it but that there is a possibility to get a better long entry.
Crypto Signals via @vote
Do you think ETH/USD will stop at this resistance ($170) and retrace?
anonymous poll
Yes! – 144
👍👍👍👍👍👍👍 48%
No! – 114
👍👍👍👍👍👍 38%
No Idea! – 43
👍👍 14%
👥 301 people voted so far.
anonymous poll
Yes! – 144
👍👍👍👍👍👍👍 48%
No! – 114
👍👍👍👍👍👍 38%
No Idea! – 43
👍👍 14%
👥 301 people voted so far.
The weekly candle is approaching the last 36 hours and it’s in the no man’s land far from both support and resistance.
Having that in mind, I expect the move in these 36 hours either to the support or resistance.
Once we get a weekly close, we’ll build our directional bias for the week ahead.
Enjoy your weekend!
Having that in mind, I expect the move in these 36 hours either to the support or resistance.
Once we get a weekly close, we’ll build our directional bias for the week ahead.
Enjoy your weekend!
Reasonable longs from the blue area or a little bit above it.
Everything else is chasing the market.
Short from 9065, the position closed in great profit.
The reason I closed it is because we can see a move to $8800-8900 and the initial bearish setup I took would still be active.
The second reason is that this is against the market trend.
Happy with the profit, especially because I was in a position less than 3 hours.
Everything else is chasing the market.
Short from 9065, the position closed in great profit.
The reason I closed it is because we can see a move to $8800-8900 and the initial bearish setup I took would still be active.
The second reason is that this is against the market trend.
Happy with the profit, especially because I was in a position less than 3 hours.
Bitcoin update
As you can see, the price broke from the rising wedge that kept price in a very strong uptrend.
What’s next?
I really have no idea where the price is going next but I know what I am waiting for.
Once we come close to the blue area around $8100-8200, I'll be looking for long signs.
It could be a little bit above it, below it or exactly in that area.
I won't blindly buy it but wait for buyers to show their signs of buying.
If we go up, I won't chase long entries (at least not swing entries).
Keep your chart clean as I do and get rid of all unnecessary lines from the past.
The high or low from 12-18 months ago has nothing to do with the current price action.
Focus on current patterns that the market is building.
There are important psychological price levels such as 6k, 10k, 20k... but but that's it.
For those that will ask me why I keep this blue area or $7300 horizontal level, the reason is that those two were key points for the recent price action (less then 3 months).
As you can see, the price broke from the rising wedge that kept price in a very strong uptrend.
What’s next?
I really have no idea where the price is going next but I know what I am waiting for.
Once we come close to the blue area around $8100-8200, I'll be looking for long signs.
It could be a little bit above it, below it or exactly in that area.
I won't blindly buy it but wait for buyers to show their signs of buying.
If we go up, I won't chase long entries (at least not swing entries).
Keep your chart clean as I do and get rid of all unnecessary lines from the past.
The high or low from 12-18 months ago has nothing to do with the current price action.
Focus on current patterns that the market is building.
There are important psychological price levels such as 6k, 10k, 20k... but but that's it.
For those that will ask me why I keep this blue area or $7300 horizontal level, the reason is that those two were key points for the recent price action (less then 3 months).
ETHBTC is showing the first sign that the end of the long term down momentum is over (at least for some time).
What does that mean?
It was bought up and buyers stepped in the area where they had to do it.
If the green area turns out to be the support, what is the potential target?
I'm not too optimistic for ETHBTC pair not because I think ETH is bad but because it has no chance in comparison to Bitcoin.
Because of that, I see two main targets and resistance:
1) 0.025BTC
2) 0.05BTC
Not only that, I think new all-time will be reached but also 0.1BTC is very hard to happen.
What does that mean?
It was bought up and buyers stepped in the area where they had to do it.
If the green area turns out to be the support, what is the potential target?
I'm not too optimistic for ETHBTC pair not because I think ETH is bad but because it has no chance in comparison to Bitcoin.
Because of that, I see two main targets and resistance:
1) 0.025BTC
2) 0.05BTC
Not only that, I think new all-time will be reached but also 0.1BTC is very hard to happen.
Bitcoin is still in the range but maybe we’re getting the sign of its next move.
Yesterday’s move up struggled to go above the upper band of the range.
The majority will find it bearish but in my opinion, it’s just showing very strong bullish signs.
Why?
If someone is short, where he’s going to place a stop loss?
Above that range is an obvious answer.
If we went above that range and took out that high, the situation would be totally different.
That move would shake out short positions that are actually self-executing buy orders.
If we dropped back in the range after that, I would consider that as a bearish market condition but those orders are still there and after the second high in that area, people are even more convinced that placing stop loss there is a good opinion.
It seems like a great place to catch the majority on the wrong side and take all those short positions as a fuel to propel new move up targeting at least previous high.
Yesterday’s move up struggled to go above the upper band of the range.
The majority will find it bearish but in my opinion, it’s just showing very strong bullish signs.
Why?
If someone is short, where he’s going to place a stop loss?
Above that range is an obvious answer.
If we went above that range and took out that high, the situation would be totally different.
That move would shake out short positions that are actually self-executing buy orders.
If we dropped back in the range after that, I would consider that as a bearish market condition but those orders are still there and after the second high in that area, people are even more convinced that placing stop loss there is a good opinion.
It seems like a great place to catch the majority on the wrong side and take all those short positions as a fuel to propel new move up targeting at least previous high.
Crypto Signals via @vote
Do you know how to use Technical Analysis (TA) to analyse the market?
anonymous poll
No, but I would like to learn it! – 243
👍👍👍👍👍👍👍 58%
Yes! – 141
👍👍👍👍 33%
No, I don’t need it at all! – 38
👍 9%
👥 422 people voted so far.
anonymous poll
No, but I would like to learn it! – 243
👍👍👍👍👍👍👍 58%
Yes! – 141
👍👍👍👍 33%
No, I don’t need it at all! – 38
👍 9%
👥 422 people voted so far.