Thread by @koningkarell

Honestly ... I follow you every day but right now nobody gives a shit BTC, everyone is talking about TRX and it will continue that way during 2019, in December maybe nobody remembers Bitcoin.

$BTC

There's only 2 zones left capping price now imo.. if one of those on the 10min chart give in I'd expect continuation in that direction.

10m chart being held in the same way as the 1h to the upside, found those always being respected quite well on bitmex, I mostly play those.

Also note how we haven't broke structure coming from any of these blocks and how the consolidation is being held by those closing in the consolidation.. block used to break highs, dumps below, used for selling after and vice versa.

Don't switch bias too fast before those break.

First post ended up giving some confirmation for a long on the retest, if you're not in that don't bother / overanalyze this imo.. r/r favoured longs there but at this point I'd just wait for those 2 zones or a daily close above 3608.5.

If that daily block fails, gg.

Reminds me of $USDCHF from last few days.. which is why you could opt to play these zones on the retest instead of flip flopping inside the range or longing the top of it.

Breakers are used for (short term) reversals.. as long as price is above it, it's still valid and it doesn't need to fill in muh gap.

Bit messy and I expected some move earlier, but nothing changed for the last ~3 weeks really.

study these.. note especially how few drawdown there is once it reacts from a breaker.

https://twitter.com/koningkarell/status/1063220587173216256

you want to get in with the momentum imo, picking bottoms to me is less important since if the analysis of muh breaker is correct the trap has been set and price won't waste much time and you know where you're wrong.

price gets above, retests, accumulate below prev lows,break ms

same way if we would get below that grey block I would wait for a similar setup to occur and expecting 2950 to be taken out.. once we get back above then I'd look for a similar block to form and long the retest as in this thread:

https://twitter.com/koningkarell/status/1074699595270316033

inbe4 hindsight this that.. take from this what you will, I just like to post some about price dynamics before or after it happened.

I think the main thing is that you need to be able to define when something is bullish / bearish according to you and what you need to see.. perhaps make a checklist for yourself in which it at least needs to conform to X amount of things and execute based on that + review.

similar shape although in a different trend.. dynamic is the same.

I dunno this resulted in me mostly playing breakers now, especially in FX.. essentially it boils down to s/r like most of TA, but it helps me to choose which level is significant to me and why, works for me at least, just a shame that crypto has some shitty action last month.

Part 1 of 2 complete.

$BTC

#2

Lol.