BEAR MADNESS

This is a duplicate idea from the most recent I created today. Regardless, how the candlesticks zigzag it will make its way down, maybe not on a specified day, which I pinpointed. Now the bullish arrow shows making its way up.

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Whales are preparing a tight squeeze, this lets me know they’re planning a plot over the weekend or by the end of Tuesday no later than Wednesday.
They are done plunging: any higher volume is caused by large institutions, retail traders.
Although some traders may buy as bullsharks or whales due to their finances but what is clear is clear.

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So far, smart money has kept bitcoin idle as I’ve mentioned before. As always, they will make small purchases to make it look like it’s gonna keep moving up, but at the end of the day will fall. They will not hesitate to create FOMO.
I’m sure many retail traders exited with great profits.
This could be another reason why the whales didn’t sell much in order to move down bitcoin otherwise retail traders will rebuy to join the trade again.

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There’s liquidity for an extra 1K but I would not risk it.
There’s a bearish contraction on the most recent 3 candlestick pattern on a 1 hour time frame. This was created by smart money over night. It’s their signal to entice retail traders for the next dip.
The tight squeeze I mentioned yesterday shows clear, what they’re up too. Did not yesterday but does today.

what’s a contraction? Contractions only belong to smart money traders. They create them as a communication sort of like sign language but by using a time chart to know what to do next.

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New update, Bollinger bands, reading danger

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The enticing begins with a small surge spike before the fall

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Divergence trend still far off underneath bullish trend line.
Remember, I’ve said before there is liquidity from yesterday dip top wick. It’s a risk factor to me to enter. Even if BTC hit my 49k prediction, I still wouldn’t care if I missed out on a few extra dollars since enticing has started and my correlation already shows the fall in process pending mode

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The more who enter the trade the merrier for the whales

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The more BTC rises, the better in price after a fall and just then we can give another BULL RUN ESTIMATE

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This chart still stands, please view the downtrend red rectangle. Candlesticks are still within the red.

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Another bearish Harami on a 1 hour time. Eventually the fall begins. Sometime next week we can check for another authorized bull run.
Last bearish Harami was to be declined and now we have another one.

This second BULL RUN, I call it THE GHOST BULL RUN meaning there’s nothing to back it up using short term analysis. Many use long term ideas, that’s easy but short term is a pain to study.
Whenever we have a bull run without correction yet dips a little then spikes back up, ITS RED FLAG ALERT

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Unnecessary spikes without ATR value = You get caught in consolidation

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Moments like this are rare, we must discipline ourselves.
Many traders entered at $48,617 and now all they have is hope.
Rule of thumb, never sell for losses.

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I’m going to sleep I’ve seen enough. Good night ya.

The_ForexX_Mindset

"You hear the wind, but where does it go?"

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.

The_ForexX_Mindset

"You hear the wind, but where does it go?"