We have literally slashed all the important resistances i mentioned in my previous post.
Except ONE.
One last beast is still waiting to be left behind at 54.200. Although we have crossed it with momentum, it's the most dangerous one that has sent us 25% down. It should not be lost at all costs.
Bad news is, we have also reached almost at the top of our upward trend channel as well. I see max 60k can be achieved with one last pump in the short term. That's only 6k or 11% from our current level.
In the mean time price action was like pumps and sideways in between, not suitable for TOTT which was giving false signals. So, i switched to the best option for sideways markets.
Tha gird bot.
Range between 47k - 60k, it buys & sells every 0.5% move. So, by the time (if) Bitcoin reaches 60k, i would have sold all my Bitcoin and ready to buy back at lower prices. So i don't need to worry about the price direction.
Finally, 60k would be my ultimate short target, while i'm slowly selling on the way and taking my profits.
This makes sense when you think about psychologic levels at every 10k. 30-40, 40-50 and 50-60.
We have crossed 50k too fast and everyone FOMO'ing in right now, should take profit early and exit, because this is designed to take your money. When you see Bitcoin as trending topic on Twitter, it's time to move towards the exit.
Pretty amazing what accumulation + reaccumulation can do with price.
Volume is still not very high, but price is going up easily, cutting through resistance after resistance. Supply seems to be exhausted right now.
But whales have already begun to send btc to the exchanges.
@BitcoinMillio18 Therefore i agree with you. A serious dump might be waiting for us at the supply side of the uptrend channel.
But this time i will just enjoy the show and keep my stash.
Last time i tried to sell to buy back in cheaper i had to buy back 1k higher instead :D
Thanks for your advice with the TIGHT stop loss! Otherwise my losses would have been more severe.
waterslide
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*If* the bull run uptrend has resumed, I'm anticipating massive upside over the next month (14-28 days) before a significant wipe. At least 25%. 60-70%+ would not surprise me. That's only if we have resumed the macro uptrend. If we haven't resumed the macro uptrend, then we'll be heading down hard in the next week or so, with 30k in the cards.
I'm still leverage long from 43, and looking to add size in the next 7 days or so, depending on how price reacts at these levels. Good luck amigo.
UnknownUnicorn21801794
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Not selling my bitcoin. :D
BitcoinMillio18
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@zombieco, nobody got rekt while taking profits on the way ;)
UnknownUnicorn18839967
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Hi, can you analysis TRXUSDT please?
ghostrick11
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hodl til 63/64k, should easily be reached at this rate by the end of the month. my long from 41k still open. now is a great time to sell if you want to buy back at a higher price. fomoing now still is risky, I agree. better buy area was at 40-43k when we were in accumulation and people were calling for 20k btc. if we get the daily close above 54200 it will be excellent for bulls. i think the uptrend is undeniable now since btc made a new higher high above Sep 7 but the daily close price also important today
sirixx
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Heyy how is Wycoff taking place right now? are we still in accumulation?
benarni
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@sirixx,
looks more like markup after accumulation ;-)