Timing the market
Updated
The original idea was made in the first half of the year downtrend. I decided to continue this ridiculously simple idea because it was definitely quite accurate and helpful in maintaining self-confidence during the depression phase. Hope and optimism bring their own challenges.
Orignal idea:
Dated new All-Time-High @ Mon 11 Nov 2024
Orignal idea:
Dated new All-Time-High @ Mon 11 Nov 2024
Note
On the one year candle chart we can count one year red and three years green (white here).From this simple perspective, Bitcoin has entered the second of three positive years.
This will probably either be my worst or best idea ever.
Note
Technically it broke All-Time-High yesterday, it was a lot faster than expected and therefore a success in what this idea was meant for: maintaining mental stability for holding a market position.Daily:
Weekly:
Somethings to look out for:
- close to a new potential price discovery
- current high funding rates, open interest
- technical indicator resets even though price discovery is mostly psychological
-- concerning 4h, Daily and Weekly timeframes. Higher timeframes like the Monthly, Three Monthly and Yearly are mostly still green light.
- Moms, dads, uncles and their dogs buying or not. Listen around.
High Volatility is to be expected.
Note
Updated Volume Pattern idea chart as the date comes closer and it may or may not be of importance.Weekly +5d till close snap with updated chart and set date
Note
Daily +6h till close
Weekly +2D till close
Monthly +13D till close
Note
Yearly +2M 14D till close with volume pattern
Note
Daily with new red D below resistance
*changed signal ema value from 5/30 to 3/12
Note
Daily - Hit the long term curved resistance line
Note
ATH on 2024-11-06 03:05:00 UTC
Four(4) days before dated target of 2024-11-11. Ain't that something!
Weekly +5D till close
Note
Today is the day. It indeed is ATH.
Weekly
Daily
Trade closed: target reached
Original Idea snap around two weeks later:
Is it luck? Or at what point is it no longer luck? Well, it doesn't matter to me.
It's the second time that 'timing the market' in a public idea callout worked and that so with no false calls in between. The first time was the 'Buy in Apr'20' from the idea of Dec 3, 2018.
Whatever it is, don’t let anyone or everyone tell you that we can’t do it.
Everything is possible. Want it enough, be stubborn and do it anyway.
See you next time.
p.s. The new idea update system of Tradingview is more annoying than helpful. Worst kind of childish then-and-there thinking. And please, add a damn edit function for updates.
Note
Updated volume pattern on the 3M.
The previous posted volume pattern snap is kinda flawed, it moved drawings because of the higher timeframe. Added the blue curved lines, removed the yellow curved lines and some other drawings.
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