@BigCheds Cheds just watch the World Cup and enjoy it, we both know there's not a lot to do for the next couple of months - is 35K possible, of course, is it likely I would say not but 42K looks like a candidate 😱🤣
I wish you all the best @dannykellywords, your words shook me today, you are my favourite sports broadcaster. If I could help, I would, but... 🤷♂️
Fingers crossed my friend 🤞
Another leg down incoming #BTC, the liquidity at 71-73K needs to be consumed first.
From there two forks, real relief rally -> 95k+ or a nasty grind down with few if any trading opportunities - nasty if the favourite. 😔
@BigCheds Mini corridor formed within the main corridor (92K - 88K), it's resaonable to trade the edges but the real fun starts when either 82K or 100K are tested - them's the real trades
@ColdBloodShill If you invite institutions to the table, they wil trade as institutions - slow bleed to ~82K, followed by another slow bleed to 74-76K,.
All you can do is trade the edges 🤷♂️
@benjamincowen They could just just go full bear and short - it'll be fairly easy once we have the proper flush, having said that it's fairly easy now...
Point of interest, making money in the bear is far easier than in the bull - good luck all 😍
@AltcoinSherpa I almost agree, what I try to do is identify the trading corridor (and the mini corridor within that) and then trade only the edges - big corridor is 73-5K to 99K, the micro corridor is ~85-95K.
I'm short atm at 93.5K, waited for the rejection at ~94K and shorted the bounce.
@BobLoukas I'm with you to a certain extent but double bottoms seems to be the latest trend for BTC.
There is a gap from the big green candle on 8 May at 97k, I think we fill it - after that, if we go down, I'm out...
@BigCheds Hopefully, that should be it, although I have two targets on the weekly the 200 SMA and the 55 EMA - it does mimic the double bottom behaviour from Sept last year and April this though.
We can only wait and see...🤷♂️
@PositiveCrypto Not sure how you ended up on my timeline but... 🤷♂️
The reason everyone's panicking is because we are deep into the 4 year cycle but BTC is still at the levels it was 12 months ago.
Strange behaviour, so maybe we are looking at a new look for this cycle.
I'm 50/50 at this point
@ColdBloodShill The problem is who is going to be bullish when we all know that Trump can drop another tweet at any time to dump the market, having already leaked it?
Maybe time to step away, if BTC can't regain 122K in 2 weeks, I will...
@BigCheds I know you deal in price action only, but this is the last right translated weekly in this 4 year cycle, we ride very soon.
And yes I follow both you and Bob religiously, you for the resistence levels and Bob for the timing 😎