Cryptonite
14 posts
@CredibleCrypto Since the last move down appears high level manipulation do we consider the impulse from 108k firmly invalidated or wait to see if the level is broken again?
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From what I'm seeing right now:
$BTC chops around for a month or so, certain alts see some aggressive post "capitulation" expansion now that literally every trader who was long on them has been absolutely obliterated.
More in my new Youtube vid which should be releasing within the next 12 hours...
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@Thehusnainn @CredibleCrypto I learned about it through @crediblecrypto's tweets. I think he made a youtube video about setting up velodata. There might be some talk about OI in that. Look it up in his youtube channel. Watch that video anyway, velodata is a very useful tool.
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@Crypton69427261 @CredibleCrypto I want to learn OI, can you please suggest me some video about OI ?
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So you bought the highs on $WIF into resistance because your favorite influence was shouting for "up only". Its OK that you're down 20% right now because this dip is just temporary. Bitcoin is going to bounce soon because there's no way it fails here with that bullish weekly close we just got.
But what if it doesn't?
Do you have a plan for that?
CrediBULL Crypto@CredibleCrypto
Shorts on $WIF in profit after a perfect rejection of my short zone. Still in two minds about whether I want to take profits in the green zone (mid range) or wait for range lows at a $1. If Bitcoin holds above 58k (recent tweets) then there's a chance we don't make it to the range lows. Will continue to evaluate as PA develops.
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Yes when markets begin trending again you will need to shift your strategy to match the new market environment.
That being said trending markets are much easier to trade than ranging ones so if you’re doing well now you should do fantastic when we breakout.
Cryptonite@Crypton69427261
@CredibleCrypto Thanks to you I've kept it simple and seen success. Like Keep an eye on the supply/demand zones, BTC's OI, and whether the move is impulsive or not. While this has worked well in the ranging market, do I need to change the strategy when we break out of this range?
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@thegoatcrypto @CredibleCrypto What about this? not only have we broken out but retested the breakout twice.
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I was today years old when I learned that this is considered a "breakout" by some on CT. People can't be serious here lol...
Ansem@blknoiz06
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@CredibleCrypto Don't get that completely, but probably will once it plays out. Thanks for your reply!
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@Crypton69427261 Yes there was but it looks to me like that was the final subwave of a larger ABC corrective move off our last low.
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Looks like we are seeing a rejection and continuation to the downside.
Who coulda seen this coming 🤷♂️
CrediBULL Crypto@CredibleCrypto
$Eth has reached local supply on this bounce. This is the most likely place for us to see a rejection and continuation to the downside. A drop to new lows on ETH from current levels is about a 17% move to the downside. An equivalent move down on $btc would put us just under 60K with a higher low. If you want more context on why I think this is a realistic scenario check out my latest YouTube vid (pinned tweet).
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Still being patient here but feels like this atm 😅
CrediBULL Crypto@CredibleCrypto
If we front-run muh green zone imma be pissed. Really though I still think decent chance we test it- even if we go for the local highs first. Ideally we can form a nice range between new local highs and the green zone- that would be great to establish/compound positions.
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@CredibleCrypto To a simpleton like me it appears to be a breakout after a week long consolidation from an inverse H/S structure. Sir plz don't send it back down.
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Didn't get the fill. Pulling bids for now and will re-assess as PA develops as now that our local highs have been taken there is a chance that lower timeframe level I was watching may not hold on a retest and may instead look to bid the higher timeframe level instead. $BTC
CrediBULL Crypto@CredibleCrypto
Still looking for a move below those equal lows for a long trigger. As long as our range highs remain untapped this is a trade I am interested in taking if we get the opportunity. $BTC
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@Crypton69427261 That’s the most local invalidation. Beginning of Wave 1 is a higher TF invalidation.
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Like clockwork.
Ideally this push can take us to range highs but at this point if/when we pullback and hit the dotted red line it confirms this move is complete and at that point we may see a deeper pullback (as low as GREEN zone, not expecting lower).
For now let's see if the flipped red zone can hold as support for a move higher. $BTC
CrediBULL Crypto@CredibleCrypto
Finding some resistance at our local area of supply which is logical as per my last update vid, but we also seem to have completed a low timeframe impulse to the upside as well. Impulses most often come in pairs (even if a move is corrective) so it would make sense to see a higher low put in here soon followed by another impulse to the upside (which could take us back to our range highs). It's a Sunday, so may have to be a little patient and wait for tomorrow for the action to start. $BTC
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@CredibleCrypto A quick question: To stake CRV I need to convert it to cvxCRV and then back when I unstake?
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The hidden bull div between points A and B preceded a 114% move up. That move broke key resistance and we are now testing it as support from above AND forming ANOTHER potential bull div. Could we see some LTF downside? Sure. Does it matter if 100+% move is coming after? No. $CRV
CrediBULL Crypto@CredibleCrypto
Jfc I can't anymore lol. NOTHING HAS CHANGED. ZOOM TF OUT AND WAIT OR YOU WILL LITERALLY SELL THE BOTTOM. And if you didn't buy to "hold for 6 months" then DEF sell the bottom right now cus you have to hold a coin for longer than a day to make money when it goes up lol. $CRV
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