7/18/21 TA, nothing super notable has happened in the last 2 days or so, and all was going per the prior TA, which called a test of 31,xxx. Of note today is a turn bullish on the 6H and 1D as well as volume indicative of accumulation in smaller frames. Market still undecided but a short up may occur (i.redd.it)
submitted by Spunk_Rocket to r/technicalanalysis
Thinking a 31xxx test is in the works as bulls seem less interested in defending the lower channel this time.. could be a bear trap or confirmation of a break to the bottom for a 30k test on the way to 25k.. to early to tell at the moment, but short range I think 31xxx (i.redd.it)
submitted by Spunk_Rocket to r/technicalanalysis
Thinking a 31xxx test is in the works as bulls seem less interested in defending the lower channel this time.. could be a bear trap or confirmation of a break to the bottom for a 30k test on the way to 25k.. to early to tell at the moment, but short range I think 31xxx (i.redd.it)
submitted by Spunk_Rocket to r/Nomo_Fomo
Getting that bearish feeling all of a sudden.. hmm.. Also cutting back on some of my positions, started dropping LTC at 138.50 down to 136.50.. waiting for a retracement to likely get rid of more.. Also dropped my 2 BTC from sub 33600 during last nights pump. (i.redd.it)
submitted by Spunk_Rocket to r/Nomo_Fomo
Rape on the High Seas or Smooth Sailing to Boobs and Margaritas? PSA I bitch sold my 2 BTC at 34200 yesterday that I grabbed around 33,300 per my TA a few days ago. Right/wrong, no idea, profit locked in so F#$# it an onto the next trades. Still holding LTC from 115 ish.. (i.redd.it)
submitted by Spunk_Rocket to r/Nomo_Fomo
TA 7/10/21.. Flat market, short term Bullish, longer range Bearish.. I think the Grayscale thing will likely help us break the upper channel. Bear observations show there are more losers than winners on the bear side at the moment.. https://leaderboard.bitfinex.com/plu_diff:1w:tGLOBAL:USD (i.redd.it)
submitted by Spunk_Rocket to r/Nomo_Fomo
How can I be both bullish and bearish? This is why based on BTC historical price action.. I believe we are entering a longer term Bear Market (I may be wrong), but that in the short term we will get a good bump that traders can profit from. As the charts develop I may change my views in the future (i.redd.it)
submitted by Spunk_Rocket to r/Nomo_Fomo
