avatar
Sykodelic 🔪

Following0Followers (X)73.38KPosts421Likes83.58K
avatar

You have to ask yourself. Why do you never see these posts when Bitcoin has been pumping for weeks? It’s actually very simple. Because narrative follows price. Bitcoin is great when it’s pushing hard Bitcoin is apparently not so great when it’s dropping for weeks. It’s the same Bitcoin, the only thing that has changed is how the crowd feels about it, which impacts everyone’s sentiment. When prices are down and people are angry/fearful, bad narratives get very loud, which cause people to FUD themselves out of their bags. When prices are up and people feel happy, good narratives get very loud and people FOMO into more positions. So, when you see these posts it signals that price has been down for a while, and is likely reaching oversold levels. It’s as simple as that.

avatar

There is nothing bearish about Bitcoin here. When in doubt, zoom out. All of the market chaos that has just unfolded has happened within that one monthly red candle. A candle that has simply put in a retest of the bearish break of structure, after Bitcoin put in its first monthly higher high in over one year. If you had no idea about the news or narratives, and you simply looked at this chart, you would be bidding hard. Bidding the retest of the breakout is your second best entry after the bottom. The biggest players use the monthly chart and a retest of the bearish break, is something they won't ignore. What they will ignore, though, is the noise and fear. And so should you.

avatar

This will be massive for altcoins. $ETH is putting in a HTF Inverse Head & Shoulders patter, after retesting the 200D SMA. If we bottom here it could mean a measured move up to around $3,880. Similar to Bitcoin, Ethereum has broken its downtrend and dips here are for buying. Don't overcomplicate it and scare yourself out of an objectively great trade.

avatar

It has started. I love seeing this exact sentiment exactly as we pullback into the reclaimed EMA's. The crowd, like this guy, will become the most emboldened and arrogant as we approach the most likely areas for reversal. Because those areas are peak emotional points. It's why the majority get really bullish into resistance and really bearish into support. Use them as a reverse indicator and you will do well. There would be a time for me to admit I was wrong, but it is most certainly not retesting the strongest reclaimed EMA's in the market.

avatar

Ignore the noise. There will ALWAYS be a narrative or a reason that you can attribute to every price move. Every move lower across the entire chart was because of "reasons". And every time, the majority panic and sell. But it didn't actually matter, because it didn't affect the structure, and it was literally just noise. Even the largest black swan we have had(COVID), only temporarily altered the price path. Every new narrative and piece of news is there to get your reach through fear and make the wrong choice. And every time things move forward, the next piece of "bad news" feels like the worst. And no one ever learns. It is all the same. The fact is that almost everything is simply just a liquidation hunt in a larger structure that stays unaffected by short term moves. We literally only just retested the 1W 50EMA, after reclaiming all of the key EMA + SMA's. Price is currently in a very solid risk to reward area, but that is not how the timeline is viewing it. You have to realise... How will the market makers get you to capitulate and sell for a loss, so they can buy them from you, if they don't make you scared? If you want to win you have to be able to rise above the noise and see the data.

avatar

Another cheeky $1bn long liquidtions. Remember to panic and sell and run and cry. Because this time IS DIFFERENT. This time IT IS OVER. Every other time it was NEARLY over.... But this time IT ACTUALLY IS OKKKK. https://t.co/TDAO3pI2YW

avatar

This is the EXACT reaction they want you to have. When will you all learn? None of it matters. "Oh shit maybe this time it is over i should sell". You are literally selling into liquidation and capitulation candles. You are walking right into the trap. You should be BUYING when this stuff happens. How many times has there been "scary" news that has ended up being nothing and everyone just forgets and moves... Until the next scary thing. If you cannot rise above it, you will lose in perpetuity.

avatar

Bitcoins structure has changed. Corrective price action & Bear flags on the way down. Now, impulsive price action with bull flags on the way up. It just is what it is. https://t.co/vBh7cGQaFc

avatar

The market moves are getting quieter again. Whilst the fear gets louder. But nothing about the data has changed. I just put together one of my most detailed articles yet, covering the overall technical and macro setup, and how to best position to maximise your chances of success from this position. There is a lot of noise and fear out there, and if you want help drowning that out and understanding the objective data, join up and give it a read. The link for it is in the post below.

avatar

Looks like a big nuke is loading to me. Clear bear flag and just looks to me like it wants to roll over and drop heavily. This, is of course, an inverted chart. Tehe. https://t.co/QJt1DHJNNQ