one-two

will it come back to haunt us? where the bulls at? they've gone missing?27k need to hold its last stop for bulls middle term range. bulls have lost if 27k falls.atrocious low time frame charts constant chopping up of traders on 1h charts.I took a swing trade long near 27.5k got stopped on it , im sitting on sidelines, Will short if i am able to catch a breakdown from 27k.here's a short setup if it breaks below 27k.And a long setup in case it goes up from here.Of course it can stop you out on both trades hahaha aint trading funi just have the long atm, will short once 27k breaks which it aint broken yet.welp stopped on my long lolzunsure if i want to short just yet thoughdamn it i missed the break but from here if i were to take a position maybe its something like this...Its hard to tell whether its broken as i wasn't watching charts when it broke. cant watch it 24/7 sadly.juz cuz it broke one level doesn't mean its the end though it can always bounce off of other areas and stop u out once again cuz we are all cuks to the market in the end of the day.welp there goes any hope for bulls time to wage cuk for another 100 years.btw if you keep a tight stop it can always wick to stop you out ;)i'd say keep a wider stop, And close manually when price closes back above 27kas u can see the neckline of the H&S is a slope, the re-test can very well go back high to stop out. I'd say as long as price remains below 28k area there's no reason to change a bearish bias on the charts.If price retests 27k area i'd look to add size to short position, but im unsure if a re-test will happen.Just so we dont get any black swan events and to stay safe i think a stop around 27.8k would invalidate our short positioni've kept my stop above the red area here around 27.8k. i dont wanna wake up one day and see price sky rocketing to 35k + and im still stuck short from 26.6k. You never know what happens in market, control the risk, leave the rest to the lord.as with any trader this could end up faking out nothing is certain in trading - if trading was as simple as shorting head and shoulders and getting 10x returns everyone would be bill gates. i enter every trade imagining i already lost that tradewith weekend price action coming in soon, I am not sure if i wanna hold any huge short positions on the weekend. :/ this is so so hard.moved my stop up to 28.4k.Don't want to be a victim of weekend price wicks.will manually exit and start lowering position size if price reclaims 27k area.Honestly with so many people looking at this head and shoulders it could very well end up reversing so never trade without a stop loss. You never know who is gonna get rekt.Invalidation would be a break above the red area for me.27.2k is a good area to watch.closed short from 26.6k at a loss. im outta this move.just a note this sort of movement is very tough to trade. I might short again if price goes down, but as long as price is above 27-27.2k area there should be no urgency to short.will re- short if price loses 27.1k againThis could very well end up being a gap-up and wick mvoere-shorted with stop at 28k area.This time im not taking it outgonna let price stop me out instead.trade invalidation above 27.8kOverall this is very very tough to trade, Below 27k you can say with somewhat certainty support might be broken this range of 27k-27.2k pretty much anything can happen.from this area its more of a 50-50 chance. Not a great place to be short tbf.needs to break 27k with conviction for me to be a bit more confident..chop to deathstill have my stop this time not doing any decisions and will let price stop me out - dont wanna get chopped up still unsure whether there's break or not, but my bias remains bearish.broke on the smaller time frame but the daily is not looking as much as bearish now. Look how the daily charts never broke below 27k area and even closed higher.. getting more neutral here and started reducing short position size.needs to close below the green area on the daily charts..till then its neutral ranging motionThe inverse chart helps you cut your bias. Needs to break 26.8k area on the daily charts for bears to have any power. As long as 26.8k holds, the h&s is not in play.btw candlesticks alone wont be enough to confirm an invalidationPrice can always wick and continue down, We need evidence on daily charts 26.8 failing to hold to catch a breakout, but if we wait around for the daily charts to close - the move might as well be finished because bitcoin often dumps very fast. Shorting on short term time frame support breaks gets you chopped up, so there is no easy money here.But with the number of times price has chopped the 26.8k area it has become increasingly difficult to catch a breakout trade on the short termPrice hitting 26.7k area again. How long can it hold :/i dont know when this level might break - I will add to my already short position size if price closes below 26.8k on daily.Price already near todays atr. remains to be seen whether price has what it takes to even break its usual daily atr range.ahh so many would be rekt if price dumps on the weekend. the joys of trading bitcoin is that u can have no life and can sit in front of charts 24/7 while ur social life dies a horrible deaththis is one of the reason i like stocks, your headache ends after 8-9 hours with plenty of off time in the middle of the day when stocks dont move much. here its just constant neurotic worry.ftx allowed u to use its algo to help u to trade when you weren't in front of screen. but then they stole all our money and ran as well. wish similar features were on binance and bybit.- not the stealing part - the algo part would be cool on binance and bybit - not stealing part.stonks crashing btc following the leader.again , already near todays atr, Bears must really show up hard for price to travel further down from here.getting the timing right on these moves is very hard especially on swing trades. im not even sure support is broken yet looking at inverse charts , seems like more like a swing failure point (SFP) google it.I think a lot of people give moving averages a lot of crap but they tend to capture trend moves pretty well on longer time frames on bitcoin. If you followed a simple moving average long daily strategy you'd have captured all 3 major bull runs in last decade.Got stopped out on that weekend move. Still have the original short from 29k open though. Stopped on the short from 26.6kAlthough i got stopped i still got short from 29k , so i am still short. Only one short position got stopped outBias is still bearish, Im not really DCA'ing here.This is middle term bias btw ie the next 3-4 months maybeIf price goes above 32k then i will turn bullish till then middle term bearish.will start reducing position size if price is able to maintain above 28.5k.only thing you can control is what you risk on a trade.Reeeeeeeeeeeeee??????????wow went to 24k and now its at 30k almost in last 3 days. I get stopped on my trade above 31k. Must be black rock etf news whatever it is this trade will get invalidated if i get stopped above 31k.they know my stop is at 31111 so they won't touch it :)sitting at -0.9Rand if u add all the other losses i've had so far in this trade its close to -3r on this trade alone. tough as hell to trade.i do hold spot btc so thats a positive.That breakout squeeze tho was impressive as hell only question is the move designed to get liquidity from the hedgers or is this a move of genuine bulls showing up.got cukedi reshorted at 30.4k.Will take off this short position on daily close above 31k.well its off for now, but if i feel like this move is motivated to force hedgers out or if it shows any sign of turning back down im re-shorting it.again lolim short from 30kish, if price retests 31k area again i will add more,Fed meeting coming up with potential rate hikes..remains to be seen what happens.

no bull no bear no 100000000000000000000000000000000 billion trillion btcadopt the way of the crab.

2019 feels. Similar time of the cycle, Similar movements.Only question is how far can this rally go? Is the fed money printer go brrrr meme enough for the real bulls to show up and take btc over 30k? I am doubting it.I'd at least wait till the weekly close and wait and see if price is able to sustain above 26k next week before looking at the charts with a overly bullish bias. netural here - will turn bearish if price breaks below 24k again.just consolidating here.boys no matter what others say its not bull or bear market - the current market condition feels exactly like the CRAB market - just know where price needs to go to create maximum pain to maximum number of traders.twitter.com/charliebilello/status/1636479879364460546interesting. maybe the fed printer did go brrrso fed hikes interest rates again. hmmm....28.4k is very interesting resistance to watch.Btc and spy movements are mirroring each other on shorter time frames now.

Hello all.Today we'll be looking at some of the things i am concerned about trading the current bitcoin price action.I have written most of my thoughts in the charts.Some other things you should keep in mind are -Bitcoin dominance has acted very suspicious since the dump to 20k its not giving me confidence.Ether dominance has gone up significantly and has gained significant market share. The flippening could happen - so thats a thing y'all should keep in mind.Short term price action on bitcoin is absolutely brutal - There are no easy levels to trade here other than 18k and 24k. It's a big range choppy price action , and i think macro is playing bit of a role in the current btc dump. Over all if you are bitcoin believer know how to manage your risk - We all know how brutal bitcoin dumps can be. All the best guys - my trade idea on how to DCA for this is written in chart.The bitcoin halving is 625 days away! That's a long time and a lot of stuff can happen during this time!Also here's a fun chart to keep in mind and why i think breaking down below 18k again is not good - see this.uh oh jpow don wanna print moneyhang on boys this market is gonna get a lot rufferjPOW about to put some reality into the markets soon.Keep an eye on US STONK MARKETS AS WELLLIf us stonk market crashes and btc loses 18k, say goodbye to any hope for a quick recovery.Started reducing position size. Will hedge if btc break 18kreason is gbtc chart looks awfulLeft chart is current market price, And rightside 2019 bottom. This aint it boys.Gbtc went down 90% in previous cycle fyigetting very nervous with btc hitting that 18.8k level again and again only a matter of time before it breaks.. Not selling just yet though going to be very hard to time this hedge,START PRAYING that stonks don't dump in the coming weeks. You can take a long position with a very tight stop, But get out if it dumps and dont play knife catches.note : i am still LONG. Just very nervous long atm.If you are going long keep your stops a tad bit under 18k maybe. Any moves below 17k will likely be quick and cascade fast.And as usual risk only what you can afford to lose.i'd advise intraday traders to sit out of this chop action. maybe slightly long , but strict risk management.gbtc recovering?Well there goes this plan. Buckle up boys we are in for a rough ride, FTX selling to binance is not good imo- Can't predict where market goes from here.Get your funds out of FTX as well till this storm is over.I am trying to get mine out of FTX and can't withdraw atm. Man i feel like an idiot trusting SBF - never expected this storm to hit so hard and so fast.Apparently FTX has severe liquidity crunch issues - Second biggest crypto exchange - First biggest exchange is apprehensive about guaranteeing customer funds - We're fucked.Note if you can buy BTC spot - NOT FUTURES - then buy BITCOIN.DONT TRADE FUTURES IN THIS MARKET. I am always long BTC.ALSO - never trust any exchange and keep your funds in your hardware wallet as much as possible.1 btc is always 1 btc.If u are a gambler - ftt seems to be a good place to be gambling atm.lets see if btc will hit 10k if ftx collapsing. That'd be something to watch and buy ! :Ostill buying btc at these levels. will pay off in longterm hopefully :/Will wait for price to reclaim 18.5k-19k area before DCA'ing again. Just waiting and watching atm breaking 18k is not good.To be completely honest trade is going in the exact opposite direction i want it to. Gonna wait and watch before buying any more bitcoins. Not DCA'ing and NOT in any hurry to buy any more further Bitcoins.If price goes back above 19k again i might start DCA again, but for now - im just gonna wait n watch. maybe buy some if price shows some signs of recovery - but not catching any knives here tbf.If it reclaims 18.5k i am gonna start DCAing again.The gbtc chart looks horrific.Remains to be seen whether this break below 18k is legit or just a well planned fake out. But as long as price remains below the 18.5k-19k area i'd say bulls be cautious.lol look athe wicks on ftx charts haha poor chaps trading there are getting rekt still.Check the gbtcusd charts on ftx - what a joke they are still allowing trading in that exchange.GBTC now saying they cant show proof of reserves. lol wut.all scammers boys.So yea seems like GBTC does have 50% of its claimed reserves. hmm thats good i guess?twitter.com/ErgoBTC/status/1594308427899076610?s=20&t=hEZeym-vacgvJQcLQmb3bAstill gonna wait for that there 10k btc hopefullywould be great to have a 10k btc buy opportunity again. unsure if we'll get it though,Maybe saylor is next? lol sounds insane thinking about it...but could it be possible? Saylor gets rekt at 3.5k.If btc gains another 10-15% in value i'd buy back. im not trading hereawful market nowadays. Worst movement i have seen in years of trading Btc, this is even worse than the 2018 consolidation.weekly 200 sma long broken..(which has never happened in BTC history)feeling like arthur hayes dumped his bags on us.Things that used to work no longer work. It has become so difficult to trade.All my edges have been stamped out from the market as it has become more efficient - i don't have much edge left trading btc nowadays.But i will say this.Long BITCOIN will always have a better gains than shorting Bitcoin.I absolutely hate shorting bitcoin. The risk rewards are never worth it as bitcoin pumps will always obliterate bears. I am always long btc - But the question is where do we DCA with price hovering at 17k.I am watching , if bitcoin gains another 10% ie goes back above previous broken support of 18.5k - it means it was a fake down move to force weak hands out.I am starting DCA if bitcoin gains back 18.5k again , but i need an entry trigger.The current market movement is consolidation - I am sitting out - i have no edge left here - my TA tells me to hedge - but my instinct of always long btc means i dont want to bet against Bitcoin.only longer term view of btc and hoping to DCA, i aint day trading no more.I'm DCA' ing. It can go further down maybe , but idc - I can't time the bottom on this shit.This market is crazy. I like bitcoin, I dont want to short even if my TA tells to short bitcoin.I am starting small amounts of DCA. It can go further down - but i ain't gonna try to time the bottom of these movements and i sure as hell ain't touching leverage trading.Whats surprising to me is its been more than a month since FTX news broke out, And price is barely 10% from where it used despite all the chaos going on.Im only dcaing small quantities here as i think there is a chance bitcoin can hit 10-12k area. That'd be a great place to buy. I hope we get that price again, but you can't be too sure.Bitcoin is already down ~78% from its previous ATH. The question is how much further down can it go? Not easy to know answer to this question sadly.The market movements are totally different to what we saw in 2018 bear market.2018 bear market had a swift down move from 6k, This time we ain't seeing that shit, maybe markets changing idk. Maybe it might dump slowly - Lots of maybe's here - Very very difficult to trade - but hey if it was easy - everyone would be making money.dca some here , will dca more if btc gives me opportunity to buy at 10-12k. idk though , so happy to buy bitcoins here spot.Also just a headsup regarding binance.Binance has 2x-3x more web traffic than coinbase - but bitcoin reserves are almost same b/w 2 exchanges. Be careful. Don't keep more than what you're trading in exchanges no matter how legit they appear.

Don't use leverage to trade, Buy all the dips if we are lucky to get any further dips.Buy some ether as well.Just an update boys, IF US stock markets crash no amount of DCA will save you.

Bull flag breakout maybe.Could false break as well.Manage your risk exit would be closing below the flag.The daily chart gives me the heebi jeebiesSticking to the plan and hoping the breakout works - if it fails i will exit as the previous mentioned plan.still holding the long atm. exit below 44k based on whether the S/R flip holds.interesting charts no?Cut half my position dont wanna hold this bomb on the weekend with too much risk. breakout not playing out as expected so far - expected it be fast and furious and really its getting hit back to 44k again - im still long, but my position size is just half now an less riski dont like whats going on here.exited most of my position with a small loss already. bloody weak as bulls dead cat bounceclose the daily below here and it just might set up a short positiontrade totally depends on where the daily closes. Close back above / below 44.2k area will decide.

Early shorters are about to lose their pants.We are about to see a few more days of ranging chop IMO. Not sure i'd be making any swing trades here.is it over brahs?trendline seems broken.54 major support - break here and its over. For now i am looking for a bounce imo. Weekend action so careful.

Says detlaff in the withcer 3..But this is also applicable to bulas of todays generation. below 43.5k again is gonna be chaos for the bulas. Good luck bulas fight the good fight and uh yeah.need to reclaim 44 for bulas hope.. till then bulas crie everytime4% wick o.oreclaim green area n bulas are back in business43.5 area still holding..want to see it cleanly break.Still ranging imo.ree why is trading so hard. i am mostly in fiat since 50k so eh.stonks are crashing.for the 10000000th time since covid. LMFAO.

As you can see all explained in chart - just buy bottom and sell at top as i demonstrate in that chart.

above 43k long, till then hedge and wait.Even if it goes above 43k don't assume a bull market, It can definitely go higher, But as long as btc stays below 60k area - I have to be skeptical of any pumps.very close to breaking imo next few hours are gonna be crucial.Fate will be decided in next few hours.hedgers under pressure rn imoI exited. Gonna wait and watch this one out.Might have hurriedly exited on low timeframe charts.. Still waiting for hourly to close..Will re-short half hedge if closes back below 42k.. TIll then i watch.has to break on the hourly atleast though.. God damn trading is hard lol.Fuk it im gonna go long if the 30 min closes above 42.5chickened out waiting for the hourly close now. looking for a close above 42.64 mins to the hourly close and this is the candle im looking at.. fml this is hard af..another view of this beauty.went long on that candle. Let god have mercy on my soul for longing that candle.will exit trade manually if the 4h fails to close above 42k.please god be kind.will exit trade if it closes below 41k on the 4h.TBF this move is delaying way too far. I m not seeing hedgers rapidly exiting and a quick mvoe like anticipated .. something feels off so this is my plan in case long doesn't work out.I dont wanna see this price break below 42k again.If you redraw the trendline it gets scary real fast.This is why i dont wanna see it break below 42 againnice so far. But still 42k is crucial to hold. since this trade is one i plan to hold for a bit.I really am not built as a swing trader. I cant hold positions this long.. Gonna start focusing more on short term trading from now.Yeah boys this shit is taking way too long. I am switching to lower time frame trading ..Closed at a profit of 1R