Bk 13

#Bitcoin, crypto and random stuff. poor OG? 17newbie 20stupid trader, Rekt at FTX collapse, 23long only 3L tokens (BTC, ETH, SOL) weekly charts.

[Bk 13 @_Bk013]

@HighStakesCap This.... but only btc3l, hope I can make it back....

[Mercury @TraderMercury]

my thought process is very simple

we’re doing something different for the first time in 6 months,

so maybe we get a larger rally than anything we’ve gotten in the past 6 months.

I must look at it that way; if I don’t, it’s probably because I watched an obvious 3yr uptrend breakdown, and wrote articles about how bear markets no longer exist, as I watched many do.

instead, I was the loudest bear on the timeline, dodged -40%+ of the selloff, and bought the absolute bottom of the capitulation into $60k due to having preserved capital along the way

being objective is a superpower.

it’s just long term philosophy; always putting myself in positions to catch, and avoid, the moves that actually matter.

so reclaiming this trend, in addition to breaking out of the range this time around, opens the door for a larger move into $90k, where we can test the same trend which held as bottoms for 3 years [2D 200MAs], and also opened the door for a more aggressive and sustained selloff in recent months

if Bitcoin can’t rally to $90k, as stocks see record-breaking strength into new ATHs, and instead deviates back inside the range…

that would be a ‘signal’ in itself.

it wouldn’t be ‘lag’ at that point, it’d be sustained relative weakness.

goodluck to all.

[Bk 13 @_Bk013]

@DonAlt @krakenfx anyway to get a spotfy version of it too....?

[Bk 13 @_Bk013]

@TraderMercury who is expecting it to be good soon? i am looking to weekly charts, lol... this shit is gonna take some time....

[Mercury @TraderMercury]

we are in a bullmarket,

if you inverse the chart.

[Meltem Demirors @Melt_Dem]

spot the difference between these two pictures

[Mercury @TraderMercury]

$ETH breaking back down below our 4H 200MAs

makes sense contextually, as 200DMAs HTF trend resistance is taking priority

$BTC continues to be choppy and boring; never even showed strength to begin with

fun little rally. back to doing nothing though.

Goodluck to all.

[Mercury @TraderMercury]

$BTC update:

[DonAlt @DonAlt]

$BTC monthly and weekly close today

Monthly failed to hold support
Weekly bear retesting the breakdown level

After having been bearish from 110k and flipping bullish at $84k I'm leaning bearish again at $91k here
Closed my positions and gonna just wait for $100k+ or lower

[Bk 13 @_Bk013]

@TraderMercury All confy i usd or spot king.... lol

[Mercury @TraderMercury]

class of 2017 crypto traders looking at class of 2023 crypto traders as alts downtrend -90% in just a few months:

[Mercury @TraderMercury]

update:

made a higher high. momentum rolling, approaching first major resistance...

[Mercury @TraderMercury]

"you act too quickly when trying to grow capital, and too slowly when trying to protect capital"

I think about that a lot.

[Horse @TheFlowHorse]

Waiting for price to reclaim the big key levels the last few months has been huge.

Instead of feeding the ego trying to nail the bottom, you let the tape do the talking, if buyers start taking back pivots, you step in, if it doesn’t, you don’t die on that hill.

[AlΞx Wacy 🌐 @wacy_time1]

Every MASSIVE $BTC rally since March 2023 started from this blue line.

We’re back here again...

If this week closes below $103,000, this cycle might be over.

[Bk 13 @_Bk013]

@bitcoinjack Take care. Pirate

[Bk 13 @_Bk013]

@bitcoinjack So zec doing eth part this time? Lol last pumping hard bluechip? Then we f. For a while?

[DonAlt @DonAlt]

$ETH update:

Been holding this position for more than a year now
Through significant drawdowns and upswings

Closed it with a 50% gain, don't like how we're chilling on support

Still ok technically unless support fails, I just don't like retests that immediately retest

[Mercury @TraderMercury]

> "are we in a bear market?"

I really don't care to have this conversation, because it's redundant

lose this trend, and I'll be the loudest and most obnoxious bear on here - same as 2022.

in the meantime, the same principles that allow you to actually call for a bear market and trade it as such(!)...

are the same principles that disallow you to ask that question 87 times before the bear market actually occurs.

[krillin ॐ @LSDinmycoffee]

$TOTAL

Can we hurry to reclaim the daily EMA trend / not see former support turn resistance please?

Market would look infinitely better if we could do this.

[Bk 13 @_Bk013]

@CryptoParadyme Yeap, not retired.