January Bitcoin Playbook - Livermore Accumulation Pattern
- Thread starter Woodson
- Start date
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.
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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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.
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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Thanks man. I appreciate that a lot. Looking forward to handicapping 2H ncaa hoops going forward as well. going to stick with it through the end. LAter boss!enjoy!
Looks like it did decide to go for liquidity lower. Weekly close in an hour on bitcoin. Ski trip was a blast. Caught a few bull elk walk up at sun rise this morning. Will take a look at the chart but will probably wait until market open tomorrow.
Markets work like this across Asia - London - US
1. Accumulation
2. Manipulation
3. Distribution
Fractals on time frames.
So you observe which market is assigned which role say on the daily, then you know when they manipulate and then the real move to distribute.
That’s the secret. Couple that with SFPs which trigger a lower time frame move daily \ 1hr and you’re golden.
There’s your ticket. And if you’re still having trouble with it, feed the chart into Grok. He can pretty much identify cancer, why not something as simple as candles on a chart?
Markets work like this across Asia - London - US
1. Accumulation
2. Manipulation
3. Distribution
Fractals on time frames.
So you observe which market is assigned which role say on the daily, then you know when they manipulate and then the real move to distribute.
That’s the secret. Couple that with SFPs which trigger a lower time frame move daily \ 1hr and you’re golden.
There’s your ticket. And if you’re still having trouble with it, feed the chart into Grok. He can pretty much identify cancer, why not something as simple as candles on a chart?
January has been an amazing month and profits were taken last week. I’m not interested in trying to predict Bitcoin, I’ll wait and react so I’m going to take today off. It looks like it wants lower…
Think of 84K as the key floor. As long as BTC holds above it, market structure remains intact. The recent dip looks like a reset and weak-hand shakeout, not a crash.
If BTC rejects 93K–95K but holds 84K, that’s just consolidation. A clean loss of 84K would mean a deeper reset into the low 80Ks or mid 70Ks before the next bullish leg.
Think of 84K as the key floor. As long as BTC holds above it, market structure remains intact. The recent dip looks like a reset and weak-hand shakeout, not a crash.
If BTC rejects 93K–95K but holds 84K, that’s just consolidation. A clean loss of 84K would mean a deeper reset into the low 80Ks or mid 70Ks before the next bullish leg.
Where did you go?
I took some off the table last week too. I used Kraken and they are a pleasure to deal with. My money was in my bank account in a little less than 4 hours. I moved it to Schwab into dividend stocks. Got me some more EPD and finally got some MO.
Went up to the Flagstaff area, Ft Valley, and snowboarded at Snowbowl. Arizona has a lot of outdoor activities. We went to Williams, AZ, and by train to the Grand Canyon late last year with the grandparents and had so much fun we all went back up and got a house with a mother-in-law suite so she could get away and rest as needed. Definitely the way to go!
Saw some bull elk, which was a bonus.
***Yeah, Kraken is great! Smart move on diversification.
Saw some bull elk, which was a bonus.
***Yeah, Kraken is great! Smart move on diversification.
So where is BTC going? Welp, February of last year says $78,183 could get a reaction.Here's the weekly timeframe and the last weekly SFP (swing failure pattern) that sent btc to all time highs. Or it could head back to $86k before continuing down. Either way Bitcoin is lagging all markets. October 10th really put a number on crypto, still hasn't recovered.
