Bitcoin Price Thread

bitcoin
cryptocurrency

#5590

Hit the bottom of that triangle beautifuly.

Closed my short for now. Need to see how this line holds, we could make a stab back up.


#5591

…and there it is…


#5592

Anyone trading the alts. Take profits now. Go short.


#5593

beautiful :money_mouth_face:


#5594

It settled on the 50d SMA, as well as on horizontal support, both of which trump a short term trend line.

Also, in my opinion it’s a terrible idea to short your Alt positions right now. You either should have done it at $4050, or wait and see if this 50d breaks.


#5595

Just set your stops about mate, if bitcoin is breaking out this triangle down then it’s back possibly down back to 3300. Risk management is key. Low risk because your stops are set high reward.

How I’ll play it :slightly_smiling_face:


#5596

Just abit of clarification on 3300 range. That’s a measured move off the symmetrical triangle.
Could bounce up but I’m covered, and I’ll asses from there, just that volume amount, i would expect a follow up


#5597

its not going to 3300…


#5598

image


#5599

Course it can lol. Very easily.


#5600

But it is isn’t …


#5601

Yet. It won’t just drop like that.

It’s not 100% but as that was a symmetrical triangle. A measured move takes you to that number.


#5602

Yet… :expressionless::sweat_smile:


#5603

3200 isn’t really in the card over the next 5 days


#5604

Can’t say for sure man. The bears will decide that lol.


#5605

No such thing as bears buddy just people with 8 billion to make even more :man_shrugging:t2: Gotta hand it to them if i had the chance to manipulate i sure as shit would :raised_hands:t2:


#5606

100%! It’s probably why we got that huge wick up so they could fill their short positions.


#5607

My favorite part was when yesterday’s candle closed and BTC started moving higher on today’s candle. Ignite the FOMO to get traders into longs and others to close their shorts. A whales favorite meal is bull and bear jambalaya.

:whale2: thanks for the feast :ox::teddy_bear:


#5608

Before august last year i wouldn’t short BTC from a stupid moral stand point but since then its a weekly occurrence :drevil:


#5609

Yeah I had the same view but it’s either get :point_right: :ok_hand: or do the :point_right::ok_hand:. This market is very lucrative with the right mindset.