qumatru

qumatru

Seems my decision to walk out on my spot and leveraged longs in December was the wrong thing to do. Now that we traversed the end of the year with no major pullback and gone through this historic moment of getting the ETFs approved, the skies look clear ahead. The only lingering thought of how it might not be different is the traditional dump into the halving, but...

qumatru Updated 

Market looks toppy, I was hoping to get 42k, but I'm happy to close around 38, going to patiently wait for a new entry around 20k or lower and go all in for the next cycle. hopefully the oportunity will come in the next couple quarters. Good luck, see you at the bottom.

qumatru Updated 

I'm looking for longs and positioning accordingly. Bottom is in or very close. We're going to start climbing out of this whole soon and probably marking the first steps towards the next cycle. 2025 Targets 180-210k.

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Luna: i don't want to talk about it, everyone talks about it, but i will say if this was the main catalyst for us to reach this level(i'm obviously taking into account the spx and the general market moving in the same direction) then the forced seller is out of the market for now and that could be cause for a rally, which if you've gotten used to shorting for a...

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NB: I might be delusional.

qumatru Updated 

BTFD!

qumatru Updated 

Given the macro-economical context and the relentless buying on the stock market, I think we're due for some trouble and volatility. i might bid 7k for a swing but i don't have much conviction and will wait to see which levels hold, if any. staying short and playing the short game until things start looking attractive again.

qumatru Updated 

Having defined a range between 3k and 11.5k for the bear market during the last year, I was quite surprised to see that 3k was actually the bottom(at least as far as we can tell). I therefore put it that we are headed to 11.5k or there abouts only to have a sharp correction and retest of 6.4k. Also thinking lower 7k could hold but for now, completely agnostic...

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This is how I see the bounce from the lows here compared to the one from may last year. Would love to keep the hype going but I just don't see it happening.

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NG looking like it may have found a bottom here. Longing for a swing taking us into the 2-2.2 area. Good luck!

qumatru

I'd like to talk a little about how I see it in terms of where we are and what we could expect to happen in the near future. I am going to say that I probably should have seen earlier but I needed all this time to let things sink in and achieve a certain level of what I believe to be some clarity. Earlier this week I was hoping to get a chance to rebuy in the...

qumatru

Expect a retest of the 3100-3200 area followed by 2 years of buy every dip. Surely there are levels below that could also make sense as bottoms, but right now there's no reason to think about them. Working with what the market gives us, if the next swing low gets pushed back, it could very well mean the end of the bear market and the beginning of a new cycle for...

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I've been looking at the 200 MA on the weekly for a while and i was curious whether it might have some information as to where we're headed. I'm getting conflicted data from the 2 charting services I use. The green line I drew myself is what's shown to have happened on the bitcoinwisdom chart of the bitfinex price. The red line is the 200 MA on the Bravenewcoin...

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Green line is at 2950, I will post a close up of what that price level previously meant. I think we go and make a lower low, possibly under 3000 or maybe 3000 will be defended fiercely. Probably the best way to go about it is to start buying a small range like 2950-3150 and prepare for the next bounce which I believe could take us anywhere between 4800 and 6000....

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In the context of bitcoin's retrace and my bearish bias on the market, BTS looks surprisingly good for a run. I'm going to give some conservatory targets: 1900, 2500, 3000. I'm already in the trade, avg 1074 sats.

qumatru Updated 

The levels I'm watching for long entries are 2950, 1900, 900. Red rectangles are areas for short entries, blue rays define my scalping ranges. I've tried and failed to long the bottom here so my best guess is that 2950 is going to cause enough of a reaction for a while to make longing this worthwhile. First short target around 4200. Second short target 5500 (ish)....

qumatru

Having reached the levels I was watching on my last chart, I would be tempted to short. However the way we came up, in this slow upward movement, makes a case in my mind for continuation. There are 2 levels I'm watching on a high time frame and I believe the price would want to gravitate towards that. The first level is the top of the Bollinger bands on the weekly...

qumatru Updated 

I think bitcoin is good for a run, I've been waiting to see how it handled the lows here after falling for the previous bulltrap. Don't want to make any long term calls right now, but 7.2 is the level i think we're going to with a possible stop run in the 7.4 area. Good luck.