So after long time I decided to post idea and maybe warn people. 1. So numbers on chart represent market sentiment (opinion) of opened positions in market. Numbers are from Gate.io but its probably almost the same at every exchange or broker. It is a reverse - contrarian indicator, which if it indicates a large rate of long positions, it may mean further...
So far my idea is still looking good... From 50k to 30k done :) Is my idea of buying at 10k reallistic ? I dont know... But I am pretty sure longs in bitcoin arent good idea right now. If we close today or next few days below 30 000 area, boy oh boy... There is nothing to hold bitcoin. Next area would be 20 000. Even if bounce from 30k, 40k area is now strong...
If you don't have to much time or you want to keep your charts simple, or maybe you are just lazy. This strategy is right for you ! What is it ? Is it magic ? No... Round numbers . Imagine you are going to buy a car. You go to website and look for used cars... What is your price limit ? It is always 5000USD, 10 000EUR or 2500GBP. You dont set your price limit to...
This is very unlikely scenario for Bitcoin in my opinion. But I am still posting it, for those who dont want to buy BTC for 50k or 40k... If we will see this cycle of bitcoin sell off after 2-3 years as it was in history in 2014 and 2018, the area around this curve after 80-85% decline (10-15k USD) would be the best opportunity for buying crypto currencies. I...
NZD/USD will go to 0.74 or even more after we close above 0.73 Just an idea
GBP/AUD is now under weekly trendline, also retested it and now there are 2 scenarios. Red one = Price stays below resistance and under trendline, we can expect more fall in price. Green one = Price will break resistance, then we can expect price going back in weekly trendline and we can consider it as a fake breakout