Bitcoin trading calls

Quoting Olu

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I am now short from 59800 against that doji high...

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Quoting Olu

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Gone long. This is a countertrend trade for me. But I just bought strength. I am still weary of my EW wave 1 low @62.2k in the recent downmove. But my other trading spidey senses were saying go long with monitoring... {image}

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Quoting Olu

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Gone long. This is a countertrend trade for me. But I just bought strength. I am still weary of my EW wave 1 low @62.2k in the recent downmove. But my other trading spidey senses were saying go long with monitoring... {image}

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Quoting Toboso01

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{quote} Hi Olu, I’m considering a long entry here as well. While it cleanly aligns with my Long Criteria above the DO and DP, I noticed we are currently rejecting the minor swing high, which converges directly with the yellow line. This swing high is marked as 'SW Resistance' on the 1H chart. In my opinion, to safely confirm a long position, the market needs to clear this area and secure a clean 1H candle body close above this level. While entering now offers an early entry, it carries higher risk—proceed with caution. {image}

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Quoting Olu

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{quote} I hear you loud and clear. As you know I am bearish this market. And you know that my 62.2k level I have been bleating on about has not been hit for me to be really bullish. Early entry is great - when it works out better entry, smaller stop, more leverage etc. But how often does it work and pay out? My countertrend trading will have to be from above the double top shown on the hourly chart or after some clean reversal candle. Hoping to recover the 2 losses soon

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Quoting Toboso01

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{quote} I agree. Buyers have made progress, and the short-term momentum has improved. However, because price is now pressing into a marked resistance area, which could very well act as a strong supply zone, it is wise to see acceptance above that level or a successful retest before initiating a fresh long. That approach typically offers a better balance between confirmation and risk.

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Quoting Olu

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{quote} Hi Toboso01, Check out the price action on the chart. If you don't have a big SL you would have been at a disadvantage - especially if you were not at the computer throughout. Price went outside the upside and downside ranges and then still settled in the middle. While price is still under the 62.2k, the price stability is to the upside. Still sitting on my hands. The NY session could mix/shake things up a bit. {image}

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Quoting Toboso01

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{quote} Agree. The market is completely neutral at the moment. Bulls need a clean break-and-retest above resistance, or a deeper discount with clear bullish confirmation for a safer entry. That said, as long as price continues to hold above the DP + DO cluster, I’m still leaning with the Bulls. They are holding the line well.

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Quoting Olu

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{quote} Hi Toboso01, Check out the price action on the chart. If you don't have a big SL you would have been at a disadvantage - especially if you were not at the computer throughout. Price went outside the upside and downside ranges and then still settled in the middle. While price is still under the 62.2k, the price stability is to the upside. Still sitting on my hands. The NY session could mix/shake things up a bit. {image}

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Quoting Toboso01

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{quote} My chart looks a little messy, but I hope you can still see the readings. Price is currently sandwiched between the SH Resistance and the (DO+DP) cluster, right inside the apex of the yellow and red triangle, and currently unable to break above the YO (Yesterday's Open) {image}

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Quoting Toboso01

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{quote} My chart looks a little messy, but I hope you can still see the readings. Price is currently sandwiched between the SH Resistance and the (DO+DP) cluster, right inside the apex of the yellow and red triangle, and currently unable to break above the YO (Yesterday's Open) {image}

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Quoting Toboso01

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{quote} Price is also stuck inside a tight range. I think once it clears this congestion zone, we will have a definitive direction. While this range is great for scalpers, it's a waiting game for swing traders.

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Quoting Olu

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{quote} I can see it. We use the same dark mode on our charts. I agree we are at a decision point. Massive up from here or massive down from here {image}

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Quoting saidi01

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HLOO PIPO HERE THERE IS A LONG TERM BUY STAKE OF BITCOIN SOON GOING TO OCCUR. WE ANTICIPATE PRICE TO BUY LONG TERM PAST THE CURRENT ALL TIME HIGH AND IS LIKELY TO SET OFF FROM THE POINTS MARKED ON MY CHARTS >> YOU CAN RIDE ALONG WITH THE NEXT BITCOIN BULL RUN BY STAKING BITCOIN (OR BUY CFDs / FUTURES SHARES) AND HOLD TILL THE NEXT ATH NEVER SAY YOU WERE NOT TOLD ON THIS ONE WE CAUGHT THE LAST BTC BULRUN AND ANOTHER ONE IS APPROACHING >> DONOT WATCH IT PASS BY YOU TAKE ACTION << RE ANLYSE AND SEE IT BE4 ITS TOO LATE {image} {image}

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Quoting Olu

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{quote} Hi Saidi01, Welcome to the thread. Thanks for chiming in. I am not privy to this buy stake coming in. However as traders our methodology ought to allow for strength coming into the market. Perhaps we will be stopped out initially but then we will latch on to the big move. We can't be married to any direction. I am normally bearish but still took a long (unsuccessfully though) position. Traders can't blindly just buy now with an open stop and wait because of fundamental news. All weekend I have been going one and on about this triangle/wedge...

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Quoting Toboso01

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{quote} Agreed. Never try to catch a falling knife—it will only slice you...

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