The reason waxy has not shown his trades is because he's getting chopped up like donkey liver, iow, he's a loser (waxy slipped up and let us know he chased this breakout and currently at a loss with major time decay working high speed, courtesy of playing next month option) I don't use TA only PA gut feel and my short term perp futures trading have done better than waxy's, even as I roundtripped lots of profits And my longer term trades memecoins/alt coins and mstr calls are doing very well, any long term positions bitcoin-crypto is doing great but waxy is clueless, troll spamming the bitcoin thread as if $69.x thousand per btc is something to feel bad about https://www.elitetrader.com/et/threads/bitcoin-price-thread.315402/page-650#post-6044804
Dude! Sour grapes much? Chased the breakout? That was an otm cheap protective call to secure my cash position lol...I closed them out shortly after. I guarantee your long calls are suffering more. You seem to have this fixation that I am not long lol...I have been long longer than you but I can appreciate and withstand a downturn unlike you. YOU were calling for 85K and were completely blindsided by this price action because YOU and your FRIENDS are clueless. btw 3k pnl? Everybody was up that much lol. I only look at profits in terms of Lambos...I don't take meager gains. This place is turning into stocktwits where its just a bunch of perma bears and perma bulls spamming each other because they think its going to make a difference lol..
BWHAHAHAHAHAHAHHAH, the one trade you mistakenly disclosed and of course you closed them out, BWAHAHAHAHHAHAHAHAHAHHAAHAH, you're a joke, waxy, funny, tho waxy, don't be so sensitive, mstr went down Friday, but I have plenty of time and I can withstand a downturn, although unlike you, I am not suffering a downturn I got into bitcoin in 2013 when it was $100, maybe you got in before that, good for you, I'm happy for you lol, it's perp futures, short term gambling, roundtripped an 12k profits into 1.7k on that last trade but it is what it is I'm a perma bull, even during the bear market of 2018 cycle, and 2022 cycle, I cannot change my stripe, but it's been great being a forever bitcoin hodler The reason I don't even pay attention to your posts is you've turned into a delusional freak, one day calling up, next day calling down, and it's useless trying to reason with you You kept saying 50k, 50k, 50k, 50k, 50k for bitcoin, I responded to at least 4 times that it's impossible until bitcoin hits 50k, you're just a loser poster spammer of ET that I'll ignore, if by some miracle bitcoin hits low 50k as you kept saying, I will give you respect again
You are on tilt at the prospect of a downturn lol. Those calls were only .15 cents lol...they were throw aways! Dead money! I think they were 15 BTCC.B calls so would have needed a massive move. I'm the one with the spreadsheet so trust me I know better than you the potential future value of an option. 50ks not 50k. We've gone from 73k to 69k in only 3 days! Imagine what can happen in 3 months!
I'm not a TA person, but this TA presentation is a work of art, very clear explanation of what's going on This will get resolved decisively after the US Presidential election, hopefully a smooth election outcome with no controversy
Amateur hour so of course it makes complete sense to another amateur. Price has broken the channel or triangles if you prefer 4 times already and NONE of them have been ath's. The last one got rejected at ath's. So really what is happening is price is just doing a wxy. I told you guys channels and s&r don't exist! You guys accuse me of changing my forecasts...how many times would this channel have needed adjusting??? Not to mention the bottom of the channel is drawn in completely arbitrarily If anything this is an expanding wedge which is bullish but not yet! One more touch on the bottom! I told you guys the EW encompasses everything. All other forms or TA are incomplete and crude substitutes.
Not a cataylist... We could see price enter the green box again and then head down to 5, or we could see it blow through the green box and retest recent highs, or we could see price go down to 5. The more side movement we get the more the oversold is bleeding off.
I'm gonna take one more stab at understanding what wxy is saying. I drew it out. So it either has to up in the next 24 hours and break the high at 4 before making a run to ATH, and if it can't do this, its going down to 5, and likely, after some consolidation, to the low 60's. I drew out both scenarios here. Sure looks like he can't be wrong either way... LOL... but lets see if his time frames match up, and the specific prices he mentions.
Jesus christ... just as I draw out his scenarios, he updates yet again... So here is the current road map adding the yellow possibility. And fuck it, just for fun, let me add my own, the green one, because as we all know, he will update his prediction model yet again. Did we miss anything anyone??? We already have up, and then up some more. Then we have up, and then down. Then we have down, and down some more, and I added my own, down, and then up. I'm almost 100% certain that one of these 4 scenarios will play out.