I just want to point out that people underestimate trading small 1-5% moves with 5x leverage on #bitcoin. If you have a 100k account and trade even a 2% move with 5x leverage. That’s 10k in about 1-4 hours if you’re taking 1hr signals. $Btc is generous and the greed of #alts …
These #bitcoin charts are making me think that there might be a second leg to this after all. I don’t want to get too excited but I did say I’d stop being bearish after a HL on the weekly. $Btc won’t go straight up but it might go up mostly if we start closing like this
Bearish patterns are now negated. Besides, you only take trades on these when there confirmation. There was no bearish confirmation so no trade was made
I think I might’ve been wrong on my drawing of the pattern. One fake out is somewhat acceptable but two definitely isn’t on #Bitcoin. Descending triangle instead on $Btc. If we get closures above the diagonal then we’ll get a nice pump. Bias is still down however
So far it’s ripping and stocks being doin dog water rn. #bitcoin might see weakness Bc of the overall market. I’d be surprised if $Btc holds up while stocks fall
I think I might’ve been wrong on my drawing of the pattern. One fake out is somewhat acceptable but two definitely isn’t on #Bitcoin. Descending triangle instead on $Btc. If we get closures above the diagonal then we’ll get a nice pump. Bias is still down however
This dip is an opportunity of a lifetime, COL-5 in 9 days
- more reward for stakers
- multiple innovative dapps
- more airdrops
- 1000$ luna is not a meme
900k $luna burned today, we havent seen nothing yet!!!
Retweet if you agree #LUNAtics
These are the two scenarios I see for #bitcoin. We either form a descending triangle and fall or we repeat 2014. Im only changing my mind on $Btc once I see a higher low on the weekly. Until then #downonly
If #bitcoin closes like this then that’ll be bearish af. $Btc will be extra bearish closing a daily below that line. Remember the last time $Btc started a daily downtrend it went down 50%. Hold your pearls
Idk why but #bitcoin has suspicious volume. Our volume is lower than when we were at lower prices and at the same price during the previous run up. $Btc is at risk here
$Btc weekly trends have called every market bottom and top. We’re close to forming our first lower high on the weekly. #bitcoin never looked good even when things were straight up. If we make a higher low then I’ll change my mind
Just wow $Btc. Don’t want to be captain obvious here but this spike in volume looks like resolution instead of some small dump. Let’s see how this closes. #Bitcoin May be starting a new downtrend on the daily. Last time it did, we fell 50%
Arbitrum is happening tomorrow my frens
High throughput
Low gas costs
EVM-compatible
Secured by fraud proofs
Tx data stored on Ethereum
Chainlink oracle integration
Ecosystem already set up, ready to go
LFG