Is the crypto winter over?

themickey said:
Charting/trading is an inexact science, I'm using some other T/A shit to reach my conclusions, as we get closer to D Day, I have it 2-3 trading days away, prolly won't fall on weekend I doubt. :)

Sorry for the rant or apparent argument. :)
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Don't be sorry! This is excellent breakdown for someone like me who's not educated much on TA

A few days or even a week to end this mind-numbing trading range is not much
 
johnarb said:
This is excellent breakdown
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Sorry that's it not actually an excellent breakdown as I havent devulged anything.
I think I've cottoned onto a new way (for me) of analysing the markets.
Now I'm not a Freemason, but it reminds me of them somehow, don't know why, but it's a type geometry system which is not anything like Fibonnachi which I was exploring a little while back.
But the Fib research I was doing stumbled me onto something else.
I'm still learning how to use it which is quite typical of some algos I write.
I'll write up a weird algo and months later it's still showing me new things.
 
In trading though one must be very careful that the assumption they arrived at is just only a silly coincidence and you've arrived at the incorrect inference.
 
themickey said:
In trading though one must be very careful that the assumption they arrived at is just only a silly coincidence and you've arrived at the incorrect inference.
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I have a subjective bullish bias so my interpretation of the charts will always be subjective and incorrect or not, I inferred from your post that the lines can be drawn that would give a certain result or be interpreted a different way based on a person's pov

I have a long timeframe for trades and willing to let things play out even if it means liquidation or losing profits
 
johnarb said:
I inferred from your post that the lines can be drawn that would give a certain result or be interpreted a different way based on a person's pov
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Yes there is that, but there is actually something else with Bitcoin.
In less than a week there are two conflicting forces coming into play simulataneously, one is a negative, the other positive and quite frankly I don't know which will overcome.
My mental bias says upward but the market may think otherwise.
Then there is yet another problem but related, it may flick one way, the crowd reacts then it swings opposite, because as mentioned there are two opposite forces working simultaneously in time.
This time I'm not going to rush in with a trade but sit back just a bit.
 
schizo said:
Okay, took another potshot at LONG @ 26530

Will flip to SHORT at either 27200 or 25950
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You might have flipped to short with that down wick?

upload_2023-6-9_21-33-15.png



I'm still long. Liquidation is about $1400 down in btc price from here

upload_2023-6-9_21-35-33.png
 
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