January Bitcoin Playbook - Livermore Accumulation Pattern

Woodson

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Oct 23, 1999
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Here’s how Bitcoin is currently playing out for January. I’ll continue to trade this pattern until it invalidates my thinking.
 

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Woodson

L I V I N
Forum Member
Oct 23, 1999
15,738
214
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Blockchain
Also SPF on the Daily of Bitcoin. May go down and create another SFP on the trend line above before our move up. <---- we got the move up as expected.

Bitcoin is flat. Binance, Wintermute, and the other market makers are suppressing price by selling off Bitcoin into any price expansion.

My money EDIT: (ALT portfolio) is in currently at a significant loss and I’m currently switching to stocks and precious metals to open trade opportunities


Good luck on the next move.


See ya in February.
 

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Woodson

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Forum Member
Oct 23, 1999
15,738
214
63
Blockchain
Really great run up on Bitty this week. I'm seeing some bearish divergence here, and not going to get greedy on this scalp. It just tagged a major Fibonacci level, so I've taken profits and will look for a re-entry after it cools off. It may push up, but usually on Thurs. are for retracement. Taking the family north for some snowboarding & skiing, will post on re-entry if it presents itself around 94-95, not sure yet. I don't think anyone shorts on MJ's, so I'll leave that out for today.

EDIT
Also, just for spot holders, it could easily run up to $100-103k as well. If Im posting its for leveraged scalps. Just to clarify. Dont fomo, and take profits.
 

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