RichardKing

17.09.2021

$BTC tell me this wasn't a perfect bull flag into a perfect S/R test into demand
Breakout can reclaim PoB = moon soon

Keep in mind alt supply, and ETF season ahead likely to be key drivers + disclosures

4Hr chart below

RogerTheRippler

When it's BTC full on bull, the alts will slide, is that it?

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RichardKing

@RogerTheRippler , If BTC goes parabolic, money will move from alts into BTC so yes, there will eventually be a time where alts go down as BTC goes up but don’t jump the gun.

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ElliottLostmykeys

@RogerTheRippler , Alts will go down against btc, not necessarily against the $

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RichardKing

17.09.2021

$BTC
Didn't get my bid filled but it did retest range lows perfectly

I think we go to PoB from May next/ Range high confluence

Also think that when it's above that I prob won't touch alts with any kind of size bc it's likely full on Bitcoin season then

HerculesOraculus

I’m confused; AltCoin season ends when BTC starts running? But don’t we need BTC to run for Alts to pump?

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RichardKing

@HerculesOraculus , When $BTC runs most of the money flows into $BTC (obviously lol) therefore most alts kinda bleed out and you were better off just holding $BTC instead

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HerculesOraculus

@RichardKing , Bleed out as in they dump, or just get massively outpaced by btc but still go up a bit?

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RichardKing

@HerculesOraculus , Depends on how strong the Alt is

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RichardKing

16.09.2021 ( edited 2d ago )

$BTC
People waste so much time on twitter during such dumps while they should be buying.
Buy Red Sell Green, not the other way around.

RichardKing

16.09.2021

$BTC - Spot buys looking really good now. Got in before the pump and added more. Now we even have the 4h supertrend bullish.

RichardKing

15.09.2021

$BTC - $47,600 target looking good. If we can close above that it would flip the 4h supertrend bullish, and break the recent local resistance.

RogerTheRippler

Will not stay above 47k more than few hours. 34k after that. Simple levels.

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RichardKing

@RogerTheRippler , No point talking in absolutes. Let's see how it reacts

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RogerTheRippler

@RichardKing , Looking at it, it wont even stay for half an hour over 47k. But yes, lets see.

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RichardKing

15.09.2021

$BTC - Here we go. It wouldn't be surprising to see it undo that entire red candle. Not a lot of liquidity to slow it down up there.

RichardKing

14.09.2021

$BTC - Price action breakout out. Volatility acting bullish. Added some more spot and longs

RichardKing

14.09.2021

$BTC - Volatility is bullish for me. We still haven't got a bullish confirmation but if I had to pick I say we still break up here. Still in spot $BTC, will buy more on confirmation of a breakout.

RichardKing

13.09.2021

A bullish close above could honestly set us up for something like this for $BTC. These steep sell offs hurt on the way down but are a lot of fun when they pump on the way up.

sirCryptodorfer

If you consider the wicks. It seems to be forming a bear pennant.

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RichardKing

@sirCryptodorfer , Correct, which is a super obvious trap in my opinion for whales to pump up instead of dropping.

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RichardKing

13.09.2021

$BTC - 4h OBV and price flirting with a bullish setup. Would love to see a close above for both the OBV and price. Then I'd consider adding more spot.

RichardKing

11.09.2021

$BTC dominance right at support. If this breaks lower we could see a wild run on alts. I'm kind of leaning more towards a 2018 market cycle where $BTC kind of chops/bleeds while alts make all time highs. Closing below this support would help confirm that hypothesis.

sirCryptodorfer

Corn chops and bleeds into a bear market or chops and bleeds before back to up only?

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RichardKing

@sirCryptodorfer , Chops and bleeds into it's own bear market. It's rare when the markets are inverse but it's fun for alt coin traders

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BabyYoda

@sirCryptodorfer , Can't we see a bounce on dominance chart and Alts do bleed along with btc chop ?

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RichardKing

11.09.2021

$BTC - No indicator is perfect, and I never trade solely on just SuperTrend, but it's hard to argue with how clean entries/exits have been. Right now is usually when I would long (first SuperTrend touch). Seeing how bearish people got adds to my confluence for opening a trade.

SonnyNakafomo

We will see red. More red. The more time we spend at the current range the more fear we will get. I got out a few days ago before it dropped to 50k. The bull market is done, but i especially sorry for Cardano bagholders, they will suffer the most.

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RichardKing

@SonnyNakafomo , Historically people that talk in absolutes tend to be wrong. Not saying you are but just be careful assuming a direction with so much certainty. Look at all the up only people convinced we were heading straight to $60k.

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SonnyNakafomo

@RichardKing , Look at the first part of the bull run and compare it with the recent part. They are almost exactly the same. If BTC do a 180 degree turn that would be a miracle, but of course it's possible.

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MinerASIC

@SonnyNakafomo , Market structure was Broken at 60k+, also a run from 10k with barely any breaks

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sirCryptodorfer

@MinerASIC , Was not broken. And still is not broken. Btc is dancing on edge of turning point up or down. Its like bears and bulls have the epic fight

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MinerASIC

@sirCryptodorfer , uhm yes? market structure after ATh was broken

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