Short

Let's predict the future. Yolo!

Updated

Continuation of what I posted in my previous public BTC idea.
Let's see if this organic market makes the same scams as usual or not.
Investor pressure could be too much weight for manipulators to handle and push the price straight down.

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That was fast...
There is bullish divergence, ONCE again...
I believe there is going to be a retrace soon, well it's what I posted in this idea lol.
Around 10%
I TP at 6800.
My only regret is not shorting more :(
This won't even pay for my loss going long previously...

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In case I forget, MA100 up at 7400 might be a weak support, but it is a strong resistance if we look at the past months.

Longer term target 5000$ for anyone that isn't a position trader that wants to wait 500 days.

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Look at me I'm Philakone and I made 200$ in 1 hour while masturbating.

Should bounce soon.

I made a very large rectangle, but I doubt it gets that low.
We drop fast as lots of longs get stopped/liquidated, and FOMO shorters are shorting, but there is no real move outside of that.
A bounce is almost certain and they will all get scammed.

Technically I am long (simply my mex account is unhedged).

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Maybe... this?

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I think either this is the local bottom, or we go down a little more with divergence then bounce.

It cannot go lower can it? That would be a shame.

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Bitcoin trying to bottom out at 3000.

This video is pretty interesting:
youtube.com/watch?v=1FMX4qRBMWY

But this part in particular:
youtube.com/watch?v=1FMX4qRBMWY&t=365

"I like to put my entries where the masses put their stops."

Oh man, I've been there XD

Trade active

Went long.
We are at support with some bullish divergence, so I will risk it.
It went way lower than my drawing, was I optimist?
But it does not matter, the trajectory is the same.
Going to bounce to 6800-7200 imo.

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Scaling till 5400-5500 if it actually goes that low...

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And here we have the step 1 complete.
As you can see, idiots shorted Bitcoin after it droped near 30% with no bounce.

Idiot bottom shorted will get burned and we will go to step 2, which is when idiots go long.

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What a surprise... Sudden gigantic pump...
The real surprise is why I did not go bigger...
With my trash RNG every single time I am careful I miss out, the few times I take a risk I lose :}
Oh well, I make my money back. Just going to not be too careful or too risky and treat every trade the exact same so I am not reliant on luck.

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Wait for the squeeze to be over, probably takes a couple more minutes, then close long.
Check what happened in April...

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This could have been a single update lol what is wrong with me...

Something like that... Am I too ambitious?
Well anyway I seriously doubt it spikes up and then crashes all in the same day, we'll see what happens in the next 30 minutes....

Shorts should at least fall back to 25.000

Trade closed: target reached

Got out. Pathetic crypto. So weak.
Just a little short squeeze before dumping?
Can't it even get to 7000?

Well, next step long it at $5000 if it won't go up...

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Already down over $100.
Typical sunday open.
Don't be surprised if we go sub 5700 this very day...
Just going to either long on 5000 or short 7000.

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Hoping it breaks 1rst level and then shorting it on the second one.

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It is going to get there by next week, OR the week after.
Trust me. Hope you're not in a hurry.

Trade active

Long

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If it goes to 8000 or 9000 or even 12000 I am going to laugh so hard.
FOMO shorters at it again. If I am correct it is the same on the other big exchanges (bitmex...).

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Maybe.... this?
Shorting it on every trendline for sure no matter what.

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Crimecoin making higher highs as expected.
I am so abandonning ship at the first resistance it hits, and shorting it, gameplan has no changed, still on 7150.

MA50 is a bit lower thought. We should get there by next week.

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HODL...

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Oh right I randomly called the exact price at which BTC would dip I should call myself a legend bla bla bla.

Anyway, get ready for the epic short squeeze in a few days.
Maybe sunday. Probably.

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What would be nice now is BTC going below 6300 ==> Shorts increase exponentially further ==> then price gets pumped and they all get liquidated ==> up to 7200$ ==> short it there.

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Hey what's up crypto traders?

I waited a whole 2 days for a trade betting on the canadian dollar, and it felt like an eternity.

But you guys wait 2 weeks on average for anything to happen XD

I could launch any TheChartGuys video from the past 6 months (about crypto) and I would have an 80% probability of hearing Dan say "I am all cash right now, waiting on the sidelines, I took a trade in canadian MJ thought..." XD Not even kidding.

Come on don't be children go look at something else while you wait on the sidelines.

Ok I do not know about low alts that much, but if everything is correlated to Bitcoin, it is going to be as boring elsewhere.

Well anyway, there is not reason to close longs on Bitcoin now, let's see if it makes a higher high, in as little as a week or two (cringe):

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I have this count now...
With shorts going up as BTC drops (to a higher low), chasing moves like dogs chasing a cat, and then getting squeezed.
Did crypto just become my week end passtime?

MrRenev

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At the risk of repeating myself...

by MrRenev

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