ביטקויןלונג
The Bitcoin Bottom
מעודכן
No I don't know where the bottom is but....that trendline tho (fun fact, same exact angle from 2015)
Bids are in... (they may never get filled, which is v cool, will be focusing on alts in that case)
Primarily the green line (3457.13)
If we drop further I will be buying down to 25XX level. The stop loss pictured here is not automatic.
As a Bitcoiner my risk tolerance for this trade is abnormal. Willing to try and long the bottom.
RR for shorting here is terrible, but I could see this going lower than my primary bid. Stops will be tightened tf up if/when we pump, a drop back to these levels or lower is not out of the question.
RIZKY(er) trade, but end result can't be worse than those hedge fund managers about to close shop.
[[Safer trade is shorting the terrible looking stock market. Yikes there about to experience some Bitcoin top buying hodler emotions over the next few months.]]
GL, have fun, stay safe.
Bids are in... (they may never get filled, which is v cool, will be focusing on alts in that case)
Primarily the green line (3457.13)
If we drop further I will be buying down to 25XX level. The stop loss pictured here is not automatic.
As a Bitcoiner my risk tolerance for this trade is abnormal. Willing to try and long the bottom.
RR for shorting here is terrible, but I could see this going lower than my primary bid. Stops will be tightened tf up if/when we pump, a drop back to these levels or lower is not out of the question.
RIZKY(er) trade, but end result can't be worse than those hedge fund managers about to close shop.
[[Safer trade is shorting the terrible looking stock market. Yikes there about to experience some Bitcoin top buying hodler emotions over the next few months.]]
GL, have fun, stay safe.
הערה
Cloza luukהערה
LITERALLY $20 AWAY FROM GETTING FILLED OK NOT V COOL lmaoהערה
Forgive me father for I have sinnedNot totally convinced this is the end of the pain...bear bias, but I we should see some strong relief soon
the trendline shall not be disrespected
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My passive bids that were missed by $20 will be moved to 2421.19 (to avoid the $20 miss bid curse)הערה
It's also possible we climb up to 5.2, get rejected initially, break past it, hit 6k, get rejected from that, range a bit and then finally capitulate next year. I am being conservative in believing the price wont surpass 5.2
all of this line of thinking is invalidated if we reclaim 6k without dropping any further than the local bottom as of today, but that probably won't be clear for weeks
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Still targeting retest of 5.2 regardless of whether or not we hit the bottom alreadyהערה
Revision, lowest bottom that makes sense to me (also now think have a good chance of retesting 6k, still going to play is safe)הערה
Combined fractals for clarity, I slightly favor my first prediction (black bars) already based off this weak bounce...also this supports the lower volatility narrativeהערה
Long BTC at 3696 targeting 5200, +41%הערה
BTC no lookie so good honestly, we may capitulate before any relief stronger than 4400 level...stop loss at break even might move it up higher soon thoughהערה
Nah stop loss slightly below local bottom, manual, im watching this...gunna see if we can get a double (local) bottom or tap the liquidity pool to get higher. Unless were about to capitulate still want my 5200 retest.הערה
We could be 2 weeks out from capitulation event between 3.2-2.8. Watching next 2 weeks carefully, if my trendline is disrespected im out, otherwise im looking for a bounce that surpasses 4400-4500 and if not then capitulation could be round the corner :)הערה
The trendline allows for a drop to 2800 on the monthly chart. Any lower trendline is invalidהערה
Holding this drop will update what i think depending on how we react to the trendlineהערה
Capitulation zones...we should bounce hard off the MA200 (if we dont yikes)2900ish looks like the best candidate for a bottom
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Bids in for 2820הערה
Out of the 3696 trade btw, again bottom catching is mostly for fun, i know safer to just wait for reversalהערה
Half bids moved to 2720הערה
Dump on the horizonUntil 6k is firmly reclaimed lower lows remain a viable possibility
but a strong bounce from this region would be good sign for bulls
lowest MA is the 230 day, a close lower than that and sub 1k is likely...Bitcoin will survive that, so BTC's survival is not a good reason to blindly hodl imo
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