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Bitcoin trading calls

  • #821
  • May 11, 2026 6:31pm May 11, 2026 6:31pm
Look at the whole thing, dont even need TLs or anything, just looks like a paddle boat trying to move forward in a strong opposing current
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  • #822
  • May 11, 2026 6:34pm May 11, 2026 6:34pm
And maybe im wrong, because when I look at it on daily on inverted chart it actually looks really bullish. But right now im thinking this thing bull move is done
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  • #823
  • May 11, 2026 7:45pm May 11, 2026 7:45pm
Maybe thats the real reason i was annoyed earlier. This whole fucking move from 60k and especially 65k has been annoying.

Hope the bulls get smacked down for bringing that weak ass shit
  • #824
  • May 11, 2026 8:16pm May 11, 2026 8:16pm
Hi Zappa and all
No good screen time today so was not able to add my 2 cents or comments throughout the day.
These gyrations are crazy and I blame you Zappa because said the markets want to punish as many people as possible - bull or bears
This market has had me change my mind so many times - even intraday
Bullish but strength is absent
Bearish but no strong downmove
It is just plain crazy. Just check out those 2k moves down, back up and then down again one the chart.
Right now the upper bear flag line has repelled price.
Will price get shacked down to 79.5k and below? I think so. But we have CPI tomorrow. A stronger than normal print will send everything down and the US$ up
I better stop typing here before it gets deleted like your Zappa
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If you think you can or cannot do it you are correct
  • #825
  • May 12, 2026 5:56am May 12, 2026 5:56am
guys anyone explain whats happeing in market
  • #826
  • Edited 6:26am May 12, 2026 5:56am | Edited 6:26am
Eventually drop to 74000 with the actual price action and the small submarine in the strait+ large buyers who are not rewarded, which shows down pressure since they did not manage to break the top red TL (maybe still to come).
which would barely bring us to the 0.5 Fibonacci level.
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I won't give up.
  • #827
  • May 12, 2026 8:07am May 12, 2026 8:07am
Looks ready to start breaking some TL's below, starting with the red one.

Targeting 61,500. Just above the confluence of lines at rectangle
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  • #828
  • May 12, 2026 8:11am May 12, 2026 8:11am
Just added some size to my short position and moved stop to 82,100
  • #829
  • May 12, 2026 9:49am May 12, 2026 9:49am
what a battle!
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I won't give up.
  • #830
  • May 12, 2026 10:53am May 12, 2026 10:53am
Quoting Zappa
Looks ready to start breaking some TL's below, starting with the red one. Targeting 61,500...
Go on Bitcoin. You know you want to.
Cleared the top line of the bear flag as it has been tested and price moved down and away from it
Strength to the upside has vanished for now.
For me 79.5k and 75k are the price mostly in play now
Inflation data published today favoured strength in the US$ - not majorly though but that was enough for the market to turn risk off.
Everything other than crude is down.
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If you think you can or cannot do it you are correct
  • #831
  • May 12, 2026 11:42am May 12, 2026 11:42am
Looking OK right now, but not too impressed by bear move so far. I do think its heading lower though still.

But setting target at 73,500. There's a couple retracements lined up at 73k and that low at 73,300. Would take out the red and 1st purple TL's if it heads there and that might be all we get.
  • #832
  • May 12, 2026 2:03pm May 12, 2026 2:03pm
Got out of longs this morning @ B/E
Re-Entered long @ 80K
Targets 80970 & 81265

Still holding swings for $90K, that might take some patience!
... the True North, Strong and Free
  • #833
  • May 12, 2026 2:39pm May 12, 2026 2:39pm
Quoting Zappa
Looking OK right now, but not too impressed by bear move so far. I do think its heading lower though still. But setting target at 73,500. There's a couple retracements lined up at 73k and that low at 73,300. Would take out the red and 1st purple TL's if it heads there and that might be all we get.
We want down but getting there will not be easy.
The markets have gone risk on.
Gold, silver, the indices are recovering.
US$ is falling after being high earlier.
This is with WTI crude oil at $104 - talk about the market not caring today
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If you think you can or cannot do it you are correct
  • #834
  • May 12, 2026 3:37pm May 12, 2026 3:37pm
Quoting Olu
{quote} We want down but getting there will not be easy. The markets have gone risk on. Gold, silver, the indices are recovering. US$ is falling after being high earlier. This is with WTI crude oil at $104 - talk about the market not caring today {image}
This move up off 79800 actually giving me hope the down move might actually go all the way to 61500. Was looking a little too soft on the way down before this up move. This might reset it. Looking to see something impulsive on way down.

Just leaving target open for now. Still thinking down, just don't know how far
  • #835
  • May 12, 2026 4:15pm May 12, 2026 4:15pm
What is your reasoning for a pullback of that magnitude? ($61500)

Given macro and the new legislation passed for stablecoins etc my thoughts were it would continue the macro upttrend
ETF inflows, Microstrategy accumulation, North Korean hackers, etc.

Not banking on it, all stops are in profit

I ask not to doubt or correct you in any way whatsoever, I mainly don't want to be bull blind.
Of course anything can happen and it matters not to me a big move down would be great too
So long as I'm on the right side of it!

Cheers.
... the True North, Strong and Free
  • #836
  • May 12, 2026 4:53pm May 12, 2026 4:53pm
Quoting mysticcanada
What is your reasoning for a pullback of that magnitude? ($61500) Given macro and the new legislation passed for stablecoins etc my thoughts were it would continue the macro upttrend ETF inflows, Microstrategy accumulation, North Korean hackers, etc. Not banking on it, all stops are in profit I ask not to doubt or correct you in any way whatsoever, I mainly don't want to be bull blind. Of course anything can happen and it matters not to me a big move down would be great too So long as I'm on the right side of it! Cheers.
Nothing fundamental, Im too dumb for fundamental analysis. Just technical reasons as outlined in previous posts. But was just about to come on here and make a post about how outside of the big selloff from 75k to 60k and the ensuing rebound, all moves have been limited to about 8% before at least a decent correction.

8% move from the high puts us around 76k. Im just setting a target there. Its a damn good profit still from where I entered. It might have a pullback around there for a few thousand points or maybe that will be a long term bottom, dont know.

The selloff so far is nothing special, nothing powerful about it. I definitely think the red TL below has a strong possibility of breaking though, and then momentum taking it down to 76k from there.

From there though, I just cant say. Could continue to drop but why bet on that when all of the past moves since the big drop and rebound have been limited.

So target is at 76k
  • #837
  • May 12, 2026 5:32pm May 12, 2026 5:32pm
The move higher over the weekend did look soft, but I gave it the benefit of the doubt because it was a weekend move, but I shouldn't have. A move is a move, regardless of when it is occurring.

The last pump on Monday that brought it to 82k started to fizzle and thats why I went short there.

The previous run up from 75k to 82.5k, while a decent sized move, also looked tired. Not strong looking and nothing impulsive. So expecting at least a deep correction if not entire retracement of that one.

We have that TL below that im banking on breaking, but otherwise the selloff does not look very strong so far. As ive said before, I can think it'll go wherever I want to, but the market has to continually confirm.

Today's reversal off 79800 doesnt look like much. Looks soft too. Just dont see this running away from the TL below, it already did thay once and didnt really get that far before coming back to where we are now. A break of that TL will hopefully propel it to 76k where I can take my profit and look for next trade
  • #838
  • May 12, 2026 5:46pm May 12, 2026 5:46pm
This has nothing to do with anything i just posted, but just saw this from another member (a very old post) and decided to share it. Ive seen it before and Paul Tudor Jones was one of the traders interviewed in Market Wizards book that i mentioned the other day.

Its a great quote though and I live by that too. The sign he has posted up in his office is another thing I live by. You'll never see me adding size to a loser. It must prove me right before I add
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  • #839
  • May 12, 2026 8:06pm May 12, 2026 8:06pm
I just closed. As Paul Tudor Jones said, " if its making me uncomfortable I get out"
Its making me uncomfortable and I gotta sleep soon
  • #840
  • May 12, 2026 10:00pm May 12, 2026 10:00pm
Bitcoin near breakout zone. Eye on $85k.
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