Long

Bitcoin Long

Mis à jour

Sentiment is really bad again.
Price is to far stretched below many avrages, its time for Bounce.

We are long for 1-2 weeks.

Also i belive the CNBC propaganda machine will start pumping the ETF News again.

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So far so good. If this was the bottom, we got in at it exact. Again Bounces are normal, we will reconsider the bearish case later.

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The same People who were bearish, will come back NeXT week being bullish.
These People are the People we will sell Our proffits too, usall victims of the market, in fear of missing out a big move.

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Starting to look like a complex H&S pattern, if it breaks it should take us to 7k realy fast.

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So it did break and went to 7k, i was lookint at the bitmex chart.

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Anywys if you fallowed me, you got it way before the sheep that just keep being on the wrong side of the turns.

Make sure to be out by next friday, and move stops 6.2k. Exit at 7.2k dont be greedy when we get to that area, exit.

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Just a reminder, we went long at 6k, when every and its mother was screaming bitcoin to zero dollars. lol how funny Things change.

We are in proffit, moved stop to make this trade risk free now. and soon when the break out comes and we break the trendline, everyone will be posting bitcoin to 20k again. But thats when we reduce risk futher Down, and looks for the opposite trade then the sheep.

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Just want to welcome new members to the pack, this is no BS, no emotion, we dont care what the market do as long as we are on the right side of the move, kind of trading.

Again Welcome,and lets get down to business. The CME futures are expiring on 31, thats friday. I expect a sell off where we will dip below the 20ema, dont panic.

If you did not get in at 6k price, dont buy please, i am making this decsisions and trades based on the 6k entry. if you got a higher entry, that might complicate your trade and i am not responsible.

Anyways dont panic, the next futures expiration date is 19th after that, so i expect it to rally and break the trendline of the previous high after the dip happend.

I moved my stop to 6.2k and i am in proffit now, without risk.
Once price start moving fast away from the 20ema thats going to be my trailing stop. Then we will reconsider the bearish case.

For you long term shorts, i agree to that idea. But whats bothering me is the recorde amount of shorts, and the recorde amount of negative sentiment on bitcoin. If price moves alot higher then it will catch 99% of traders by suprise.

Anyways i will check price at night before bed again everyday, i dont look at the chart every hour, i am not a robot and a i like doing other stuff, while making money.

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Enjoy the show while the sheep try to buy in fear of missing out.
I will start reducing risk futher once it breaks the trendline.

Now soon you will se everyone of this Authors on trading view going from bearish to bullish. Tragic....

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Shorts getting rekt, damn it has a long way Down.
The funny thing panics in unregulated marets is, its exactly like the books you read.

One big whale will panic and sell, price will og higher and then everyone will panic, liquidation.

This chart has so much Down side of the rektifying to do its crazy.

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Price keeps going up.

Now watch all the long post on tradingvie. Funny, these People will never make any Money, they og short when the obvious is true, and long when the obvious is true.

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I moving my stop as a trailing stop using the 20EMA now, little bellow it.
400-500 dollrar fluctuations are normal and dont want to get stopped out if this thing goes well beyond expectations.

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As i said before. Look at the ideas on the tradingview.
Now majority is posting about upside targets... amazing how they always victim of the markets.

They always enter positions once the obvious is true, thats great for us, since we will sell to them.

Just need sentiment to get more bullish. The biggest confirmation for going short once again will be once CNBC will say start With their bull Calls ahhahahah.

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Another thing that bothers me is the recorde amount of People offering education to others and taking payment via tradingview.....

I dont get it most of these People are bad traders and have terrible track records, arnt they ashamed to do robbery like this?.....

Some one has to peak out, they never made Money all of a sudden they are professors in trading, why would you learn to trade by losers, if you learn from losers you become a loser. If you hang around With winnters you become a winner, its simple fact of life.

If you see these People pushing their trading courses speak up, might save a inocent man some Money. Thank you.

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To be honest guys, being a profittable trader is boring.
Investing is boring. Thats why People never make Money because its boring.

Like enter a trade then wait and wait and wait until it hits the target so booooorrrinnggg.

Thats why have hobbies are important, or you will become mentaly retarded by watching these Charts.

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People are asking when to short. For me personally, i will change to bear again if it breaks the first trendline, and a massive bear if it breaks the seconde trendline.

All depends on cycles, how far we are into the cycle when breaking the trendline.

When this happens, i will creat an new idea for the bearish case.

So far i am just bored out of my mind, good trading is boring, you get in at the right time when every one is shitting their pants, and then you jsut wait.
Mybe i should start with crossfit or something. I understand why some people day trade for the excitment, but that approch is a quick way to the poorhouse.

Enjoy the proffit, if you havnt enterd watch friday closely if there is a dip you can go long, but if the trendline breaks close the long position.

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Guys please make sure to like the idea, its important that others see it.
Or else they will keep fallowing these bad traders on tradingview posting bad ideas and never making Money.

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Guys dont confuse my trading approch of not looking at risk.
My trading rule is simple:
1. Make sure you dont lose Money
2. Make sure you dont lose Money
3. Make sure you dont exit to early and miss a big trend.

I focused on this approch for 5 years, and now i get good entrys, that remove my risk quick. The most sressfull part for me is the entry, the rest is just watch and wait, boring as f***

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Btw the stop is at 6969.
If you dint get it, try to think some more. HAHAHAHAH

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The current stop, all jokes aside.

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We kind of predicted this move. We knew it since the future expire towmorrow.
I will keep an eye on this, we are on day 15 of the cycle so its stil early for a reversal.

Stop is at 6700, hopefully it dont get hit, mybe a retest to the 20EMA, i am thinking it will ogo higher after the weekend, if it breaks With conviction then i will change my views.

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acting-man.com/blog/media/2017/05/2-seasonal-trend-bitcoin.png

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Look at this link, this is a seassonality chart, historicaly the price is weak from june until october. Just some mind porn for you guys that are intrested.

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Previous resitance becomes strong support? or something like that.
Stil expect it to og higher, keep this position until we get a reversal.
Stop fallowing the 20EMA.

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Enjoy the weeknd guys, usally anything can happen in the weekend, so dont panic.
Its just bots manipulating price, since its low volume.

Stop is at 6700, since i dont want these shitstains to stop me out of the upside next week.

If the trendline breaks i will look at the bearish case.

Have a good weekend, enjoy life, dont look at the screen, we are in proffit, trade is risk free now, what ever the trading god wanna give us is up to him lool

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Guys, for all you wondring why i am so direct vs many people on tradingview, its because they are scamming you.

Trading is very simple, they are scamming you and i am gonna expose them.
Mark my works.

I dont claim i will be right 100% of the time, but probally often enough to make money. But what i claim is these people are living on selling you trading courses and trading t-shirts, if they make more money from selling trading t-shirts, then they arnt making any money investing.

Its so much to factor in when being a good trader, the hardest part is to pull trigger on your ideas and conviction,

Most of tradingview are low semen men, that cant pull the trigger. But do have the balls to post shit when the obvious is true.

Be carefull, if some one is trying to sell shit, run, i will give it to you for free.
this year and 2019, i will give back al that i learnd, becasuse then i fullfiled my duty to my mentors. If you are new, you pri should be learning, the money will come if your presistance.

Have a nice weekend, talk to you monday.

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BTW, while thes authors make storys and raindbows.

Look the orignal chart, press the play button, and tell me that this is not the most accurate thing since jesus.

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There were no dumps so far in the weekend, stil have sunday(today) left and things might change, i found that the manipulators sometimes make it clear trough weekend activitity wich way they want the market to go.

Target is reached and when ever i press the play button on the orginal chart, it gives me a release to be honest. Realease in yeah... you know what i mean.

Anyways i wont close the trade, i have a stop at 6700 and next futures contract expiring is mid september. I am expecting more upside. Hope that makes it clear.

For you new guys, jsut watch and learn, if you missed the good entry, to be honest i wouldnt trade. The approch should be plan the reversal, get in when everyone is bearish or overly bullish, thats the hard part to take a position when the price is in those extremes. So wait for the next post, i wont stop you if you want to enter, but thats your own risk. I would like you guys to get close to my entry because then the decisions make sense because you got in at the same time.

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Diffrent view of the same chart.

Back in aug 13 price was stretched almsot 25% below the mean....
Price always comes back to the mean....

Now at a avrage alot of people use, alot of fund managers use this avrage.
If its below the fund managers are bearish if its above the fund managers are bullish. Its the only avrage i know alot of wall street pofessional use.

If history repeats it will go there and get dumped again, but what if it goes above, hold and rallys.... imagine the sentiment among traders.
I like these puzzles, and we have the pices, we know what all of them are seeing on the charts, so we have an advantage.

You have the swing traders, the moving avrage traders, the eliow wave traders and so furth, they all come in the market at diffrent times. The one that comes last to the party is the break out traders. Imagine if the july high is take out. How many people will think of jumping inn this trade??? we need to think diffrent then the sheep or we have no edge.

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Intresting.

This is why i say people always come late to the party always going bull or bear when the obvious is true.

We dont have to care bout it, we have a good entry, what this shitstains do in the market, we dont care. This is why is a problem for the sheep that always come in ath the wrong time.

say if the market reverse, who will take the lose??
We certainly wont.

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I took proffit on 70% of my leveraged position.
It was a good amount, and sometimes i jsut og With Instinct,
the Money isnt Your until you acctuly take it.

We are day 20sih in this cycle. Its getting mature.
And as i explained above, the 200EMA is something i watch.
I am preparing now for a reversal, just have to find a good setup.

This dont mean i am shorting, i am stil ling With a smaller position.

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For you guys wondering why i took proffit early, to be honest... after the price went up from 5,8k to current price, the sentiment wasnt bullish at all.

So it didnt feel right, might be wrong and it could suprise me.
But now i am doing the hardest part.... waiting..... and watching....
not doing nothing.... and looking for a setup.....

I will most likely Close this trade when that happens and post an New idea for a short trade. be sure to fallow. But now its just a waiting game.

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Remmember this chart lol?
Gap got filled, now a New gap developed.

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Trading is boring, i started going to the gym again. Need to fill up my time With something....

Stil just watching, mybe by the end of the week i will Close the last small position.

The plan now is to look for a a good setup to short, i will Close this once i found a entry, then i will make a New idea.

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I dont know how you can call a trade 100% accurate, but this is how it looks like.
I sold the reminder of my position. And do not have any positons.
I am look for a setup to short, and if th trendline break i am look for the 6k level to break also. So it will be a long term short i am looking to get into.

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I will not take a short here, there is strong support here, the setup i have in my mind is a retest of the high or close to the high, and i will go short.
Cycle is getting mature.

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We are Day 22 of this cycle. Sentiment realy wans ever bullish.

Pirce dropped as expected, but we missed a good entry, and that happens some time. Some of you got a good entry, and thats great.

Me personally havnt shorted yet, since i use leverage, i get a good entry or i dont trade, thats how risky it is. Is stretched alot below the 20EMA again, and should start going flat and going sideways. Hopefully it comes back to the 20EMA and we can get a good entry.

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Guys, this trade is closed. it was closed at price of 7.2k.
We went long With 10x leverage at 6k.

It was a buttload of Money. New idea is up, please move over and like so we can get bigger fallowing.

Thanks.

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Sharky8899.

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