#bitcoin gameplan on track for a green weekend. 1/5 Same old drill as usual guy's. We have min target of 32.7k and if we go below 28.8k we done for and will make a lower low again. The bus is either empty or the passengers are scared quiet. We will find out pretty soon.
2/5 Remember That I'm looking at reducing alt risk and using the bullish momentum on the breakout as exit liquidity. Being part of resistance.
Not sure what I mean, go check out the youtube all posted in there and easy to digest if you are a beginner...
3/5 For those on the side. This is the highest risk entry to take for the bulls.
Buying a shakout event like this is the closest thing to gambling you really don't know as you are looking to buy the possibility of trend turning up...
2 more to come with way less risk....
4/5 The second one will be an establishment of trend buy.
We will look to buy a test of demand. This is where I stop out dead alts for btc. This reduces my risk. Alts still need an accumulation. Will have time to get them back if this works and trend holds.
5/5 Get above 55k and this is were I will look to do just that. Note the structure we create on our way there will shed light on the strategies details like entries and take profits. Then we need to worry when we reach ATH, but we can cross that bridge if we get there...
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1/7 SIMPLE Guide for buying any dip
Wait for the higher high.... #Bitcoin No HH thus not done trending down... More pain all round can be expected.
Realistically Your Alts will bleed more!
2/7 $USDT.D & $BTC.D
Momentum To the upside, stating the obvious here, but there's some more pain to be had.
Dominance going up: people Fleeing alts $luna made it quicker. Waiting for signs of weakness like seen in the $DXY
3/7 DXY Showing some hope the end is near....
Losing momentum after a flood to safety.
We need calm and boring everywhere and this might start coming down.
1/7 $Luna
When its fast it wont last! The risk in buying now is, if it lasts, it would most probably be forever.
My heart goes out to anyone negatively affected!!!
The frenemy in my wants to buy their loss, betting on a recovery...
2/7 The first thing to establish: do you still trust the business model?👇
Should there be a safeguard in place for large transactions(this is why banks have them)
3/7 In addition to this if you want to buy a bargain, what will be the timeframe for the recovery, if ever...
This is a big exploit(using the term loosely) but not the first nor the last #crypto will see. I've seen some truly resilient teams bounce back from similar positions.
When to be bullish again #NOHOPIUM #Bitcoin is still trending down...
My bull-market continuation invalidation level is still sitting at $29890 for a $btc
Bearish Game plan: Take note, think its cheap now...
We should not use the adoption curve as hope... Things like war, natural disasters (you can list them) can take away the need to bank the unbaked very quickly... It means that our adoption might get put on hold for a bit...
Bitcoin by monthly standards has never seen a bear market... Don't rule this out.(honestly I can't see whats the alternative monetary system, but I'm only pointing out that its a probability just like a bull market continuation)