What if this is the bottom but....

I don't think this is the bottom but I thought "What would make me bullish about this setup without making a new low?"

This is what I can come up with. I'd long this 100%.

코멘트:

You know what's crazy? I just searched for something similar to this pattern by going a while back in the chart. Copied the first thing that my eyes catched and pasted it to current chart directly and it actually respected the levels. Aaand the top became 100k! I swear all by coincidences, at first try lol.

코멘트:

I know macro is shit but TA-wise this really makes sense. A lot of instances like this exist on the chart.

It creates a lot of fear for retail. People will be super bearish when they see a strong dump. Unfortunately there will be serious amount of shorts opened near 18k. On the other hand, it'll give a chance to buy for a lot of investors. I believe sell pressure can be absorbed at the bottom. And then bait shorts a few days more and send it.

I'm not bullish until i see the bottom is being defended though. 5% margin of error.

코멘트:

Here is how it looks on a bigger picture. Crazy enough?

코멘트:

I think the Adam&Eve which some people was talking about lately is already gone in a way. With the below chart you can see the market tried to build too steep curves but they failed. Now i believe bulls should try to build a bigger one like the blue one. The ultimate Eve :D

코멘트:

This is also why I wasn't bullish about this last move up. Bigger curve means more confidence. It's easier to maintain. These ones were bound to fail.

코멘트:

I realized this is a better view. This one is good if it can hold.

코멘트:

*scared face emoji*

코멘트:

Let's gooo.

코멘트:

If you see your exchange logs you out, doesn't let you in soon, that's probably the bottom :D

코멘트:

To summarize, what i wanna see is a high volume sell off. Change of hands and come back to the range.

코멘트:

Jump straight corn. But don't injure yourself.

코멘트:

nice

코멘트:

idk still slow for me. be careful.

코멘트:

i wanted to see volume. i'm sorry but it looks dead.

코멘트:

14k is my next target

코멘트:

I mean if I see more accumulation just like the blue pattern on the idea, that's still bullish. But until then, i should be very careful.

코멘트:

Until then, I have to consider the possibility that this was just the beginning.

코멘트:

Let's hope this is not the play. Because it feels like it so far.

코멘트:

It's sad. Those days we think it's down too much but it goes lower and lower.

코멘트:

I took a small long from 1600 but I'll sell at first good opportunity.

코멘트:

This is a big magnet level. Sooner or later.

코멘트:

I got out from 16.600. That's all i can with this garbage pa :D It's better to wait for a tradable pattern here.

코멘트:

You gotta see this momentum fading slowly like this if you wanna buy imo.

코멘트:

1. This will probably an opportunity to reload shorts.
2. Gaining 19k is bullish.

코멘트:

Zoomed in magnet level

코멘트:

I am being veeery careful with this.

코멘트:

I am in a good short right now. But I am really scared for the market. I love Bitcoin and technically I hate to say we need 10k reset.

코멘트:

Slow consistent pressure. I closed my short but it's still bad.

코멘트:

This retest and rebuilding momentum really scares me but let's see BTC is full of surprises.

코멘트:

Very simple chart. Reclaim the range and we are going. Bear market is over. Until then, it's bear kingdom.

코멘트:

It's probably a great time for whales to accumulate. Think about it. Stubborn retail hodled their coins so far. Many of them DCA'd all their money etc. Now let alone the mass media, CEO of the biggest exchange is saying "Terrible terrible things may happen in crypto."

That doesn't mean price won't go down from here. But I think we are really close to the end. If you've survived so far, you still have money that you can risk, it's time.

코멘트:

My ltf view. it should hold around here.

코멘트:

I longed. I missed to be chopped out :D Let's see.

코멘트:

I think TA is ok but bad part is funding rates are too positive right now. So very low confidence just in case trade for me.

코멘트:

16.500 entry/16.400 stop/17.900 tp

매매 수동청산:

Closed because it's Friday and nothing happened :D

코멘트:

I think it's going down to be honest. But I don't like BTC short below 20k, fundamentally :D

코멘트:

Looks like some people got excited but I can't see a reversal yet:

코멘트:

Maybe this is the last wave of exit pumps on alts. First shitcoins now bigger coins. Maybe.

코멘트:

Update. This rising wedge is important imo.

코멘트:

I got a short from 16.700. I had to try to trade this :D

코멘트:

It's broken but still holding. kind of. Probably because NASDAQ is still looking alright.

코멘트:

I'm still short. I'm not very commited to this trade tho. If I see ltf breakout I'll close.

코멘트:

Closed at 16.500

코멘트:

I'll be looking for some alt shorts soon probably but not now. Now is watch time for me.

코멘트:

I see some good bottom formations on some alts. I'm half bullish until they get invalidated. I got some small longs today on AVAX, ALGO and EGLD. I believe many alts can make big moves before another serious dump. More accumulation is possible around here though.

Honestly I'm starting to think we may be in a good shape until 2023 Jan. But that's just a doubt at this point.

코멘트:

Here is my prophecy :D Worst case 14k until the new year. 19k in March. 10k in June. Then bull market.

코멘트:

ETH is leading the pump. I have problems with that but anyway. Market is doing what I expected. So I'm totally ok with it :D

코멘트:

Don't look for shorts immediately if you are reading this. Let the market process this a few days. Take some profit if you had longs and watch.

코멘트:

I'm more focused on NASDAQ these days. Something like the green one is more likely imo. For the bear case I mean. I prefer the bear case for mid-term.

코멘트:

I'm already preparing my "BTC Redistribution" idea :D Prove this wrong corn:

코멘트:

2 ways to invalidate this. Come for confirmation around 15.900 before breaking the range. Then it has a better chance for a serious breakout. The other one is obviously up only. Squeeze higher and higher.

코멘트:

Zoomed in. It does make sense...

코멘트:

I'm considering to short 17500

코멘트:

I'll short but with tighter stop. 17.540 entry 17.760 stop.

코멘트:

Not enough info yet

코멘트:

I cancelled my short order. This structure is different than what I expected. I am long on algo and nothing else.

코멘트:

Mixed signals. I think it'll come for range low test though.

코멘트:

SPX is interesting. Down only or this.

코멘트:

I think this is a better view for this range

코멘트:

A what if game with the pitchfork. I'd like to see it being defended. 13k bottom. Big accumulation pattern. Perfect.

코멘트:

I'm sure it'll be respected. The question is how.

코멘트:

Came for the confirmation? It's gonna be nasty if that's the case.

코멘트:

Not too bad so far. It's still a right shoulder though. But looks somewhat promising for the bulls. Very short-term of course.

코멘트:

Now it looks like shit again :D Not a surprise.

코멘트:

Btw I'm so out of the market atm. I have some small amount of spot Algo and a small ETH short position.

코멘트:

Interesting perspective. Looks like this daily trend is broken for the 3rd time.

코멘트:

I think it's coming for another touch and I think it's gonna be the key for next move.

코멘트:

I'd bet on the red one btw. But it's like 55/45 probability.

코멘트:

I'm not saying it's going to happen but this is still on the table. There are some similarities and interesting coincidences here. It's good to be prepared for the worst.

코멘트:

It will give the signs before it happens, if it's going to happen. You can see the building momentum there. If it's gonna crash you'll see it. Will you accept it when you see it? That's the question. I'm saying I'll accept it if this is the case.

코멘트:

Hahaha this looks crazy right now.

코멘트:

There is a similarity I cannot deny but I say no. Not yet at least.