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what is the main task of this game, what are we fighting for?
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if I paint one pixel, then I will get rewards from each all the players who will be after me.is it true?
our earnings are proportional to the total number of your painted pixels  |
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I am shorting to 62 dollar, with a possible wick lower to 55. Depends a bit how btc will perform next week.
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Taking a look at the daily chart today and we dropped a bit. I woke up this a.m. thinking we would be down but I guess the bears slept in. The drop did show its face eventually. We dumped all the way to 10150 today from a high of 10905 so it was pretty exciting. We are still cruising along inside this triangle. I dont think we will get back above the cloud til towards the end of the month. The pennant is getting more narrow so we should see a break out eventually. The 50 MA (orange line) is currently acting as resistance to the current candle on the daily. Daily volume today $19,772,795,801 (which is an increase) and Bitcoin dominance is sitting at 73.1%
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 Wave Y is at stake! Probability We see a triangle that can be formed at the end (ABCDE) We have a CME GAP against (opposite) a weekly average of 20/21 MA. Where did wave Y end? (9k - 20 / 21MA) or GAP CME (8500 1.236% fibonacci) or 7500 (1.618% fibonacci) |
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Crypto exchange Binance is launching a dollar-backed stablecoin in the U.S.
Moreover, the new Binance USD (BUSD) has received the blessing of the New York Department of Financial Services (NYDFS). The exchange announced Thursday that NYDFS had approved the new offering, which Binance is launching in partnership with the Paxos Trust Company. source: https://www.coindesk.com/binance-launches-dollar-backed-stablecoin-with-nydfs-blessing |
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 I think the best reasoning to be more cautious/bearish for a deeper retracement at least to 7.6k is because overall the sentiment is still largely "easy money - buy now and we'll get to $20k and $30k soon". These people will need to be weeded out. And I'd be willing to bet it happens in the next 2-3 weeks at most. Price collapsing to $7k's will make most retailers sell off. |
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On the short term I'll think we'll fall to the 200 EMA at the bottom of the demand zone and descending channel . RSI has failed to break through it's resitance. If it does break through this might spark the bulls and give a small impulse up to 11.7K but I don't think they'll be able to break this descending channel  Do you think it is bear, and we going down? BTC couldn't get a close above pivot and there we are heading back down. Targets remain the same, towards 10.8-10.9K demand zone and 200EMA I suspect if we hold this area we might see one final wave towards 13K though  |
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On the short term I'll think we'll fall to the 200 EMA at the bottom of the demand zone and descending channel . RSI has failed to break through it's resitance. If it does break through this might spark the bulls and give a small impulse up to 11.7K but I don't think they'll be able to break this descending channel |
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Bitcoin has been range-bound since it broke into the $11,000 price zone at the beginning of the week. A look at the longer-term charts, however, paints a more bullish picture, especially if BTC can hold onto gains it has made this week.
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no volume but the price is rising
i exited all my BTCS 11900 and holding Dollars :If u see 12500: Gud for u exit all buys Price will not break 13800 and will come back below 8k i m not buying back at current btc price
This is extremely bearish scenario, I don't see how this can be possible at the moment. We are in a bullish up trend. and the lows are far gone. There has to be something really terribly wrong with BTC in order for us to crash down to these prices. Look at the instability we have in the world and how cryptocurrency can solve these problems, Banking the unbanked, and getting rid of the censorship and centralization. C'mon brother, Its like the internet in the 1990's Your on the ground floor. |
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Price hit first part of our danger zone at the bottom side of the EVE neckline. this is first test on this zone we may have one more re-test before major drop.
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 Right now it as if we are off the coast and we are watching the whales at play, they jump up, then quickly take you under, and then straight back up for air again... Did you survive? Well if you did, this is what we might be about to see.... WEEKS AND WEEKS OF SIDEWAYS FOREVER AND EVER... what better way to create liquidity to move higher, then to take the pattern, up, then down then up then down... RINSE REPEAT... 10 times.... arrr I'm exhausted just thinking about it... It is not a confirmed pattern, BUT it is right now possible, and it holds all the regions needed to continue higher, including the PARABOLA. Short term, we are going to see some sideways movement on BITCOIN with little to no direction, we have a trading range short term of $9,000 to $11,000. We have a high liquidity area in which we are going to see the whales at play, long wicks to either direction taking out STOP losses and creating liquidity for the whales and Market Makers to push BTC higher. This is short term pain for the smaller traders, and if you can hold on and not over margin or sit in spot, I believe you will see the long term gains. This will also cause mass confusion to the direction, which for a whale or market maker is the aim of the game and the easiest way to take you money when you over trade positions. Over trading is serious issue in regions like we are now and will be where many smaller traders will lose the majority of their capital. If you are unsure of direction or feel you are over trading I have a moto. IF IN DOUBT SIT OUT! There is no shame in not being in a trade. Stick to your game plan, wait for a set up to be confirmed, and ONLY take a trade if it all aligns  it seems your prediction has power Observing 10500 Added a magnet for help... we have hit Target 1 and now some diagonal resistance, a little sideways before breaking higher  a break below $9400 invalidates this count (I don't think it drops that low between you and me )  |
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Right now it as if we are off the coast and we are watching the whales at play, they jump up, then quickly take you under, and then straight back up for air again... Did you survive? Well if you did, this is what we might be about to see.... WEEKS AND WEEKS OF SIDEWAYS FOREVER AND EVER... what better way to create liquidity to move higher, then to take the pattern, up, then down then up then down... RINSE REPEAT... 10 times.... arrr I'm exhausted just thinking about it... It is not a confirmed pattern, BUT it is right now possible, and it holds all the regions needed to continue higher, including the PARABOLA. Short term, we are going to see some sideways movement on BITCOIN with little to no direction, we have a trading range short term of $9,000 to $11,000. We have a high liquidity area in which we are going to see the whales at play, long wicks to either direction taking out STOP losses and creating liquidity for the whales and Market Makers to push BTC higher. This is short term pain for the smaller traders, and if you can hold on and not over margin or sit in spot, I believe you will see the long term gains. This will also cause mass confusion to the direction, which for a whale or market maker is the aim of the game and the easiest way to take you money when you over trade positions. Over trading is serious issue in regions like we are now and will be where many smaller traders will lose the majority of their capital. If you are unsure of direction or feel you are over trading I have a moto. IF IN DOUBT SIT OUT! There is no shame in not being in a trade. Stick to your game plan, wait for a set up to be confirmed, and ONLY take a trade if it all aligns Hmm really interesting thoughts. I can propose a contrary scenario.  |
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About the correction for two weeks already (or more) all traders write. Everyone is waiting. Here it is confusing. When the majority begins to see and believe in the same thing, that's when the total deception occurs.
How can everyone wait for a correction if such a ratio of longo and shorts? |
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