I'm preparing to Short Bitcoin at the 6.9 fib on Coinbase. I posted about this here: It has already been respected once. Of course, I can be wrong but not risking much here. Will re-evaluate as time moves forward.
Only 125x short so not much risk. Can break up first. But... we can go lower too... Watching 61.9k and 55.6k next
Looking at $0.108 for a buy on TRX here, and a Short on Daily close confirmation
Accumulation spotted on lower time frames Lots of selling, no more down movement Not sure if we go higher than 79.8k as its the 6.236 impulse of 25k break If break 80k I am expecting 86k, and if break, 151.2k
These are the levels I am expecting for a potential top
Still waiting for Fair Value at 47.3k Bears have been given too much time to short so its riskier here A bull flag target would be 71.6k, which is just shy of everyone's expected 72k Could see a rejection around 67k level because lots of people would be buying here. Will be watching for absorption. In the 67k zone, everyone loses, except Smart Money
38.5k may take a bit longer, we have strong demand at 40k and we have just hit 43.5k and failed to rally higher. Opened a short here and looking to TP at 40k.
This is a great time to scalp moves based on absorption on 5 minute or 15 minute. High Leverage Shorts ONLY and Longs only to where it takes Seller liquidity This is not a situation where you want to risk much Shorting This is also not a situation where you want to get greedy holding a Long and happen what happened yesturday -$6k wick Still awaiting that Buyer...
BTC looks like it might be done, and so we can scalp this movement down to 47.3k which is our real support level underneath the majority of liquidity. Expecting several bounces along the way. Finally when we reach this level, we could have a strong bounce back into the 50's which would induce buyers into buying at a high price, once again.
We have lots of SL's down here so I think we can target there. I dont think the 135's will happen again for a very long time.
I was scalping when I noticed a Sunday pump before a rejection a few hours before a new weekly. This is looking Bearish to me so I opened 100x Short. Volume is bearish. Only FOMO. If I'm wrong there is not much to lose, but a lot to gain. We can visit 1300 / 1400 levels next. Zoomed in wicks here and poor buying on 1 min. i was expecting a fake pump and then...
Assumed accumulation here, looks like we are about to take out every short in the market. If we start to drop back under 39.5k it will be a Short again.
Under 42.5k = REKT But for now it's looks good for bulls We dropped on Monday and didnt take liquidity, which made me suspicious. ETH is performing better, which it does when price goes up. I still believe we will drop but currently short term I think we can go up for a bit, not sure where to but probably 44k+
Thinking we bounce here off the parallel channel before dumping to the 30's again GAP here as well
We went even higher than I thought and now i dont think 40k will hold just because everyone will realise its a fakeout Looking for a 37k liq grab next for a bounce into a falling wedge Tight SL only in this region
Following the plan as per my last charts where I bought at 42.6k and hedged with 2 shorts, 1 of which is now panning out so I closed longs. Expecting a few weeks with price hovering between 40k and 43k
Our next break of structure here can mark the top! This area was Russia/Ukraine war news. Otherwise we could see 53.8k as top which is Bear Market 2021 Break of Structure but I don't think it's as likely
Looking like a drop here soon like the rest of the market BTC has held up well but I don't think 48k can hold forever