TheRichFinesse (est. 2019) | 25 | Technical Analyst | Economist | Day/Swing Trader | MAXIMUM DEGEN |
🧙🏻♂️🪄
Joined December 2015
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You’re welcome
This is extremely bullish if we can reclaim 82.2k btw
If successful it’ll give us another shot at clearing out main resistance at 86.6, which is the key level that bulls must break in order to aim for high 90’s
Goodluck, let’s hope we continue to hold
bitcoin:native
Sooo weak
Just know if we lose that 76.6 level on the weekly the odds of retracing the move from 65k to 77k become significantly more likely. For now treat support as it’s supposed to. If it breaks I’ll send an alert.
Even then would just give us such insane entries for the mid term
teapaw.org/shadythewizard/status/…
IF and WHEN this breaks we have a long way up and the mini bear market is OVER
Goodluck have fun, we have ALOT of work to do, so do not get too excited unless this confirms.
Will be monitoring this closely over the next few days
We will target a 1:7 risk to reward with initial tp’s shown (only if a successful flip of resistance to support, I will be very vocal below this post if successful)
If you’re not already in, focus on:
-the thick trendline
(How we react at it)
-66.5
(Necessary level to hold in order to get a shot at clearing daily resistance)
-58.1 death zone
(Not important unless we lose the 62.7-66.5 range)
Overall, if we manage to secure a complete daily candle above structure and then continue to hold it for the next few days afterwards, then we can confirm we are BACK and will have some of the craziest weeks/months you’ve ever seen ahead of us. We do not long into resistance, we know this. Have patience and let this trade come to you, if we break we enter EASY mode and it will be pretty hard to lose even with your eyes closed. We know what happens when we reverse an 8 months downtrend btw, this is what I do and how I’ve been successful over the years. My biggest trades always come from daily/weekly downtrend reversals and I will do it again if this ends up breaking :)
I hope we break and confirm 🤞
SLIM retweeted
Everyone's missing this point...
Not only did Bitcoin retest its 200-day MA cloud today.
It's also retesting its 100-day MA cloud, right now.
🔵 100-day EMA
🔴 100-day SMA
This consolidation is just a mean reversion (potential higher low) to stack more BTC while others run.
BANG
+2% from the breakout, target 1 ✅
Goal is to maintain structure, build higher lows above 83.8 to then test 86.5
Once complete we’re looking for a complete break above 86.6 which would allow us to target our next htf resistance level at 93.6 and beyond
$BTC
SLIM retweeted
It's super easy to explain actually...
So many people want it to fail because they're sidelined.
Or if they aren't sidelined, they're underallocated.
Bitterness always comes from the outsiders.
That's the way that it's always been.
In any sort of psychological arena.
Been obsessed with the stock market since I was a teenager. Have traded through the dotcom bubble, the financial crisis and just about every market mania since. But I’ve never seen anything like the skepticism surrounding AI. Not even close. Every time one bubble narrative falls apart a new one takes its place. Rumors become headlines. Misleading data goes viral. Claims that could be debunked with 5 minutes of research get repeated by major media outlets, influential investors and Wall Street analysts. It’s relentless and honestly pretty fascinating to watch. Of course there will be spectacular failures and massive wealth destruction along the way. That’s what happens during technological revolutions. But I’ve never witnessed this much effort to convince the world that something so transformative is actually one giant speculative bubble destined to take the entire economy down with it. I understand why AI scares people. What I find harder to understand is why so many investors seem to be rooting for it to fail.
The ultimate level is 86.6-87k everything else in between is simple noise. No reason to get chopped out when the fun just barely started
bitcoin:native
As always once we clear htf resistance if you think you’re late simply go find alts that have yet to clear their 4H wedge and daily resistance
There will always be a play once we break from our range
This will hit way sooner than most of you think aslong as we continue to make higher lows above the levels marked btw
Please show me someone who sniped the exact htf reversal level with ZERO drawdown as me, I want to follow them
bitcoin:native
IF and WHEN this breaks we have a long way up and the mini bear market is OVER
Goodluck have fun, we have ALOT of work to do, so do not get too excited unless this confirms.
Will be monitoring this closely over the next few days
We will target a 1:7 risk to reward with initial tp’s shown (only if a successful flip of resistance to support, I will be very vocal below this post if successful)
If you’re not already in, focus on:
-the thick trendline
(How we react at it)
-66.5
(Necessary level to hold in order to get a shot at clearing daily resistance)
-58.1 death zone
(Not important unless we lose the 62.7-66.5 range)
Overall, if we manage to secure a complete daily candle above structure and then continue to hold it for the next few days afterwards, then we can confirm we are BACK and will have some of the craziest weeks/months you’ve ever seen ahead of us. We do not long into resistance, we know this. Have patience and let this trade come to you, if we break we enter EASY mode and it will be pretty hard to lose even with your eyes closed. We know what happens when we reverse an 8 months downtrend btw, this is what I do and how I’ve been successful over the years. My biggest trades always come from daily/weekly downtrend reversals and I will do it again if this ends up breaking :)
I hope we break and confirm 🤞
Aiming for the 93.7-97.5 gap once we break and hold above 86.65 on the daily
Goodluck have fun, stops below 83.4 (only if you’ve just hopped in longs this week) stops below 76.1 on the weekly if you’re in at our entry below 70k
bitcoin:native
IF and WHEN this breaks we have a long way up and the mini bear market is OVER
Goodluck have fun, we have ALOT of work to do, so do not get too excited unless this confirms.
Will be monitoring this closely over the next few days
We will target a 1:7 risk to reward with initial tp’s shown (only if a successful flip of resistance to support, I will be very vocal below this post if successful)
If you’re not already in, focus on:
-the thick trendline
(How we react at it)
-66.5
(Necessary level to hold in order to get a shot at clearing daily resistance)
-58.1 death zone
(Not important unless we lose the 62.7-66.5 range)
Overall, if we manage to secure a complete daily candle above structure and then continue to hold it for the next few days afterwards, then we can confirm we are BACK and will have some of the craziest weeks/months you’ve ever seen ahead of us. We do not long into resistance, we know this. Have patience and let this trade come to you, if we break we enter EASY mode and it will be pretty hard to lose even with your eyes closed. We know what happens when we reverse an 8 months downtrend btw, this is what I do and how I’ve been successful over the years. My biggest trades always come from daily/weekly downtrend reversals and I will do it again if this ends up breaking :)
I hope we break and confirm 🤞
Attempting to clear 👀
If successful we target the neckline at 86.6 where things get very interesting
Goodluck I hope it breaks !
Ideally we would look for a daily close above 83.8 if we do break today. From there we re evaluate at 86.6 where we REALLLY would love to reclaim for the giga rockets
But we take it step by step and wait for our confirmation
SLIM retweeted
This chart is about to put everyone on notice.
Study it.
SLIM retweeted
Ser this was just a retest of the wedge
You did nothing
teapaw.org/shadythewizard/status/…
SLIM retweeted
This is just a range perfectly in between my 2 levels of 88K and 81K
Both hit 👌
No breakdown or breakout yet - so no need for any theatrics
As I said, I will look to long breakouts or reversals
Shorting season is over - will not short even if it breaks down
Easy mode 🥧
$BTC
SLIM retweeted
There is nothing wrong with this Bitcoin decline.
I hesitate to even call it a "decline" because it's so normal.
Allow me to explain...
I've added Bitcoin's 1 & 2-year moving averages:
🟢 52-week EMA
🔵 104-week EMA
The chart speaks for itself.
SLIM retweeted
This is hardly a consolidation for crypto...
In fact, it's completely normal & healthy behavior!
Just look at this chart...
$TOTAL crypto market cap excluding stablecoins.
There's a potential "breakout, retest, rebound" setup above the 200-day MA cloud.
I'm not worried.
