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Its a beautiful thing how well this played out. $BTC
No PNL cards here. Just the before and after of a beautiful setup identified and shared before it happened.
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b̾i̾t̾s̾o̾f̾w̾e̾a̾l̾t̾h̾
21.4K posts
b̾i̾t̾s̾o̾f̾w̾e̾a̾l̾t̾h̾
@bitsofwealth
Learn | Do | Teach | Repeat ✌️ Hosting spaces and creating content w/ @WOLF_Bitcoin_
in the charts Beigetreten Aralık 2009
989 Folgt10.8K Follower
@SailorManCrypto @NorthstarCharts @cointradernik @ShardiB2 @LSDinmycoffee @CryptoLandy @Nebraskangooner These folks are legends, agreed!
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Top-quality content and analysis — a must-follow.
#FF
@NorthstarCharts
@cointradernik
@ShardiB2
@LSDinmycoffee
@CryptoLandy
@Nebraskangooner
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Cleaned up my silver chart a bit. Quarterly close is coming up in about 11 days. Zones of interest remain unchanged.
b̾i̾t̾s̾o̾f̾w̾e̾a̾l̾t̾h̾@bitsofwealth
I don't think I've called a silver "top" yet have I... well there ya go. Those are the zones I am watching for correction.
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Unless you believe gold and silver are going to make new all-time highs in the next 9 months, there's going to be a lot of round-tripping by moonboys and moongirls who bought into the pumps instead of before, especially if this 12-month candle closes within the previous.
b̾i̾t̾s̾o̾f̾w̾e̾a̾l̾t̾h̾@bitsofwealth
People that made money on gold and silver are going to continue trying to catch the "bottom", longing every dip on the way down. Just like people do with BTC every bear market.
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@PhilSmith_1 lol imagine we get another double top
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Grabbed a position here as well but do still have orders to fill in the zone below if it dips. Stop is currently still at its original location. $XRP
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Stop is now at entry for a risk free trade. Let's see how far it can go. $BTC
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@FloppingGroper @CryptoJebb If this current 12 month candle closes within the previous 12 month candle, there is the possibility that it then revisits at least 50% of that previous 12 months and potentially the low of it.
Also notice that 13 EMA down at just under 2500 right now.
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@bitsofwealth @CryptoJebb 3800 is last years ytd, and its also the vwap from the low, since gold's run started cleanly on the new year. im not too sure about anything deeper than that, but if it did thats some deep value
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@FloppingGroper @CryptoJebb we will prob get 2500 gold and 40 silver again
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Not a lot of time left... if we don't close above previous day low, then I'm more interested in shorts above 71.5k and will reduce risk on these current long positions instead of adding to them.
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**IF** $BTC can close the day above $70,500 - then there is a chance the new low is in and we go back to recent highs and higher potentially.
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@bitsofwealth I can feel it. Perfect rejection from the target on my long into a perfect rejection from my target on the short immediately following it. Following the plan... for now. We will see if it can do the damn thing thing higher.
GIF
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$BTC 1hr update.
No changes, if you're SHORT from the TVF you're in monitoring mode.
IF $BTC can break above ~72,000, for me that would invalidate another drop level.
IF NOT, $BTC almost certainly will visit the liquidity pocket.
Keep it simple.
Ash@DevEngineOz
$BTC 1hr. This is the path i'm looking for next IF $BTC shows corrective weakness in/around the 200EMA.
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@bitsofwealth Ready for either. Smart man said “If this, then that.” Some of us pay attention
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@thestandard000 If we lose the recent 68.8k low - then its not...
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@TradeWRichard Me too - we still have a few days left. If we get a good daily close today, it could be the first step.
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