The growth rate of my assets over 90 days is 100.93%, which is higher than 99.6% of Binance users! ❤️
How did I achieve this?
Easily! Disciplined trend trading. Using simple entry criteria! Moreover, I only trade a few assets - $BTC $ETH $SUI and do not spread myself thin on other coins.
👀 Analysis $BTC on the weekly timeframe! What do the candles say?
Do you remember Monday, March 23? (👉link) After a quick rise, few believed in the decline. And it happened as I said - a reversal from 72,000 and a drop to 66,000. We received another bearish candle on the 1W TF.
What to expect from $BTC in the future? 🤔
The reversal from 74,500 sent Bitcoin on a long journey to the next strong supports - to the weekly MA200 and 55,000. One could even talk about a certain sideways movement between 74,500 and 55,000.
I also plan to continue shorting this drop from the overbought condition on the 4-hour timeframe!
As in the previous time, I expect a certain interaction of the price with the trendline (a reverse retest of the broken support). There I plan to open a new short!
🚨📉 S&P500 breaks important support! What does this mean for the US stock market and for cryptocurrency?
The S&P500 breaking the weekly MA50 opens the way for a price drop to the weekly MA100 - in most cases, the price will drop to this support. Such situations happen once every few years and provide an opportunity for the market to "reset," eliminating unfounded optimists.
A decline in the stock market will lead to a continued decline in the cryptocurrency market, including $BTC .
📉 Shorting Bitcoin is a priority for the next few months!
👀 What is happening with $BTC ? Analysis on the 4-hour timeframe
The price of Bitcoin has once again stopped at the support of the daily MA50, the oscillator shows an oversold condition where opening short positions will no longer be as effective.
Today is Friday - the day when most traders close their positions before the weekend.
I didn't check the pre-market on the US stock market before opening a short position! 🙄
Yesterday the pre-market was positive, stocks were rising all day (👉link). The short position at $BTC could have been opened much higher - from 71.500, not from 70.700.
I closed the short at break-even, I'll try to reopen it at 71.500.
The market has recovered, and I opened a new short. The price is in an overbought condition on the hourly timeframe - this is a good situation for a short position within the day.
🤔 Guys, when is a divergence considered to be worked out?
Let's look at this example of growth at $BTC 👀
In practice, the realization of such a divergence occurs when the price returns to an overbought state on the SMI indicator. The divergence, as a reason for growth, disappears and the price continues to fall downwards.
I took a risk and entered the first half of the short position near the resistance at 71.500. I will enter the second part when the indicator is in an overbought state.
✔️ The idea of a BTC reversal in the range of 71.500-72.000 is still relevant! (👉link)
Have you already opened a short position or are you still waiting?
USA will not attack Iran's energy sector for 5 days!
We give a five-day deadline. Let's see how things go. If everything goes smoothly, we will settle this issue, and if not, we will continue bombing without sparing any effort!
Donald Trump also stated that Iran reached out for negotiations to prevent the destruction of their largest power plants.
$BTC reacted with a rise! We wait for 5 days!
What do you think, will they come to an agreement or will the bombings continue?
The price turned from 74,500 and the weekly candle closed bearish. And remember how well last week started? On March 17, Tuesday, we set a record - 34 comments on the post in Telegram. I was asked about obsession, where liquidation is, etc. And look how it turned out! 😉
The post from March 15 should have been done today! It contains the right thoughts, I recommend re-reading it! (👉 link)
I will repeat the question, do you still believe in the growth $BTC ?
"Trend is your friend!" - everyone knows this, but they think it doesn't apply to them. But sometimes it does. And it hits the deposit very hard!
A Binance influencer had to close their wrong long position at $BTC . The price did not rebound and did not give a chance to exit at zero. And over the weekend, Trump further escalated the situation with new attack plans on Iran. The situation changed, and holding the position became simply dangerous.
The conclusion is simple: trading against the trend = paying a higher price than usual.
Today I saw a good example of this mistake. A guy opened a long $BTC under resistance 74.500 and the long position went into the red.
If the level is not broken - it means there are limit sell orders there and demand could not absorb them. Such a long is like entering directly into a wall of sellers. A very bad idea!
🙄How to trade correctly?
✔ Wait for a breakout and retest from above. Only then will there be a good long!