Potential trade setup on Bitcoin. 120k bitcoin within 8 months.

[Nash Commerce]

Wanted to post this before the wave of crypto posts and toilet coins come back from the same people who were shitting on my post at 30k.

We just broke an extremely important resistance as I am typing this, could be a good position to look at longing.
Do your own research.

This is why 90% of traders lose money, big money was buying at 20k, they drive it up to 60k, let you fomo in and use that liquidity to dump.
Institutions were buying again at 30k this time, and the cycle continues.

A quote I live by in trading is...

"When you are selling, who is buying?"

Prediction: 120-160k bitcoin within the next 8 months.

 

[Chris Newman]

Your bullish analysis about Bitcoin is good. But, I'd say in 8 months, Bitcoin would be hovering around $80,000

 

[razorsharp]

Wanted to post this before the wave of crypto posts and toilet coins come back from the same people who were shitting on my post at 30k.

We just broke an extremely important resistance as I am typing this, could be a good position to look at longing.
Do your own research.

This is why 90% of traders lose money, big money was buying at 20k, they drive it up to 60k, let you fomo in and use that liquidity to dump.
Institutions were buying again at 30k this time, and the cycle continues.

A quote I live by in trading is...

"When you are selling, who is buying?"

Prediction: 120-160k bitcoin within the next 8 months.

I bet you all my money this is a bull trap, and now is the time to be shorting; not longing.

 

[Nash Commerce]

I bet you all my money this is a bull trap, and now is the time to be shorting; not longing.

I go strictly off of stastical data, trends and probabilities.
The data is showing me otherwise.

I also thought about this being a bull trap like we had in 2017, but really this was just the first wave.

 

[BitcoinGuru]

It's a logical setup for trade. I'm also very bullish about bitcoin, but the truth is that probably there will be a things, which can't be predicted. Guys, please search about Cuba. Probably, you will find this information hard in Google. Just check about that people in Cuba woke up one day and their bank account was with balance 0. Just 0. No money for food, no money for everything. People start making a "revolution", but how you will make revolution without weapons?
I think if we see something as big inflation in future, probably bitcoin's price will be over 200k.

 

[alus1onZ]

Pay yourself if you are in a long from 30k mate

You said it in your "OP", someone needs to sell to you (short) when you are buying (going long) and those are the market makers. Do you really think your order is matched and filled with other retailers orders? They MMs are selling to you and letting you use their liquidity. Guess what happens when they've built enough positions by selling to you guys ? Yep, they start buying, but the MMs need someone to sell and you know how the retailers are induced to sell

 

[Nash Commerce]

Pay yourself if you are in a long from 30k mate

You said it in your "OP", someone needs to sell to you (short) when you are buying (going long) and those are the market makers. Do you really think your order is matched and filled with other retailers orders? They MMs are selling to you and letting you use their liquidity. Guess what happens when they've built enough positions by selling to you guys ? Yep, they start buying, but the MMs need someone to sell and you know how the retailers are induced to sell

I bought in at 30k with the institutions. this is an opportunity to swing trade with a stop loss.
They're going to let this thing run and I'm going to ride the wave.

 

[alus1onZ]

I bought in at 30k with the institutions. this is an opportunity to swing trade with a stop loss.
They're going to let this thing run and I'm going to ride the wave.

Classical retail thinking . Good luck mate.

 

[Nash Commerce]

Classical retail thinking . Good luck mate.

If you look back on my past posts here you will also see that i was buying at 8k If that's retail, I'll take it.

 

[alus1onZ]

If you look back on my past posts here you will also see that i was buying at 8k If that's retail, I'll take it.

It doesn't matter at what price you buy, it matters at what price difference you sell I bet you won't sell until it starts dropping instead of closing your positions at the highs and bank on some good profit.

 

[JessePinkmanBB]

I bet you all my money this is a bull trap, and now is the time to be shorting; not longing.

Well do so then.. put your entire lifesavings into shorts or STFU.

 

[bbrokeaf]

Good insight on the trade setup. But it's hard to time the market, it's even harder to time the market in a short amount of time. Cryptocurrency will jump or fall no doubt, but the ones that will stick around are the ones that actually bring value. Now if we're going by bitcoin... it's hard to see it's value because imo it failed at it's main purpose, making shit anonymous. If you go to the dark web, you'll be lucky to find anyone accepting bitcoin to due how public it is.

 

[alus1onZ]

Leaving this here

 

[alus1onZ]

Leaving this here View attachment 180962

The head and shoulders was kind of scoliosis version , but it played out nicely as expected.

@Nash Commerce I hope you took some profits before the drop. I don't like to see fellow blackhatters liquidity taken away. Don't marry to your trades and you'll bank more and you'll feel less stressed.

 

[DConny1]

Updated:



Downtrend still not broken. Lots of evidence of a few whales P&D this previous leg up.

 

[shiboshy]

I bet you all my money this is a bull trap, and now is the time to be shorting; not longing.

THIS! You can feel it

 

[WorkingNow]

Technical analysis and crypto go together like oil and water. Retail investors are just bag holders in this game.

 

[BlueSnow]

I will be conservative, 200k eoy m,i

 

[Nash Commerce]

The head and shoulders was kind of scoliosis version , but it played out nicely as expected.

@Nash Commerce I hope you took some profits before the drop. I don't like to see fellow blackhatters liquidity taken away. Don't marry to your trades and you'll bank more and you'll feel less stressed.

We’ve had a 2% retrace.. after a 33% run up...

you’re acting like you had some crazy prediction, I knew we were going to pull back, it’s obvious after 10 days of green and a 33-35% rally dude.

my trade is a 6-8 month trade, and you’re looking at 2 days of price action.

You’ve been waiting for days to comment back on this after the smallest retrace lol.

I’m sure we will retest 35k, and guess what I’ll be buying.

I’m up 27% on my trade big guy, I’m doing just fine. Not stressed at all lol. It wasn’t even a head and shoulders either lol. This is called a retracement. The market goes up and down, it moves in W’s and M’s it’s never straight up or down.

 

[alus1onZ]

We’ve had a 2% retrace.. after a 33% run up...

you’re acting like you had some crazy prediction, I knew we were going to pull back, it’s obvious after 10 days of green and a 33-35% rally dude.

my trade is a 6-8 month trade, and you’re looking at 2 days of price action.

You’ve been waiting for days to comment back on this after the smallest retrace lol.

I’m sure we will retest 35k, and guess what I’ll be buying.

I’m up 27% on my trade big guy, I’m doing just fine. Not stressed at all lol. It wasn’t even a head and shoulders either lol. This is called a retracement. The market goes up and down, it moves in W’s and M’s it’s never straight up or down.

6-8 months ... You are not just marrying to your trades, you have 2 kids and mortgage with them .

You sound stressed and butthurt mate, but maybe I'll sound the same if I was in a freakin 8 months old trade

While you are waiting like a moonboy I was opening shorts at every spike up in the past few days while scalping some good trades at 1 minute timeframe. This allows me to play with fast profits, always catch the top or the bottom and get the best fills of all my open positions.

And don't tell me "I knew there would be a retrace bla bla" after the price already started dropping. If you knew you would've been in a short to hedge that shit and add the profits to your long at 35K.

One last thing - I didn't wait for days dude. I've posted my screenshot at Sunday and the price dropped few hours after that . When you are leveraged on your positions, catching a few percent movement at the right time is all you need.

Anyway I'm not interested in talking to you anymore now when I know your thinking is 100% retail and you are holding trades open for 8 months