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AN₿ESSA 5 minutes reading from Bitcoin

#Bitcoin 'Local Bottoms Take Time' As #BTC instantly will drop to $11k

Bitcoin "local bottoms take time" thread (1/x)

03/07: ▪️ spotted the bear-flag sub 20k (primed entry) ▪️ trading gameplan "bear-flag" till mid Aug ✔️ ▪️ sentiment that day "BTC instantly will drop to 11k"

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Bitcoin "local bottoms take time" thread (2/x)

05/07: ▪️ BTC bouncing from bear-flag support

▪️ calling for retest of upper channel trendline (resistance)

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Bitcoin "local bottoms take time" thread (3/x)

08/07: ▪️ BTC at the upper channel trendline (resistance)

▪️ 20% Take profit

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Bitcoin "local bottoms take time" thread (4/x)

11/07: ▪️ BTC following the projection (vacay update) already mid channel

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Bitcoin "local bottoms take time" thread (5/x)

19/07: ▪️ re-entry at channel bottom like projection and back up 21% ▪️ just by following the projection inside the bear-flag you're up 40% spot ▪️Take Profit after 200MA Daily hit

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Bitcoin "local bottoms take time" thread (6/x)

20/07: ▪️ price action above TP level (slightly above bear-flag) ▪️ calling for a fakeout and throwback back inside bear-flag ("don't rush it")

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Bitcoin "local bottoms take time" thread (7/x)

21/07: ▪️ back inside bear-flag like expected ✔️ ▪️ calling for a pullback and patience

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Bitcoin "local bottoms take time" thread (8/x)

22/07: ▪️ calling for patience and a throwback (more likely than HTF breakout at bear-flag resistance) ✔️

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Bitcoin "local bottoms take time" thread (9/x)

22/07: ▪️ Price Action simplified

- r:r ratio tells you to be cautious at resistance

- explaining the consolidation patterns HTF descending broadening wedge + bear-flag consolidation

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Bitcoin "local bottoms take time" thread (10/x)

25/07: ▪️ BTC down 10% after taking profit

▪️ observing the price action at 21666 but no re-entry yet, patience rewarded

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Bitcoin "local bottoms take time" thread (11/x)

26/07: ▪️ calling for patience and looking for a reversal pattern from 20750 horizontal support (reversal followed exactly from 20750 to the cent) ✔️

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Bitcoin "local bottoms take time" thread (12/x)

27/07: ▪️ sharing the bullish divergence setup

▪️ entry at 20750 after exit at 23,6k (max profit) ▪️ up 10% the very same day to Take Profit level (thread of three tweets) ✔️

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Bitcoin "local bottoms take time" thread (13/x)

27/07: ▪️ Take Profit call same day back at channel resistance instant 11% ✔️ ▪️ already 50% spot profit just by trading the HTF bear-flag consolidation pattern

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Bitcoin "local bottoms take time" thread (14/x)

27/07: ▪️ sharing the HTF chart again while BTC hit the take profit level and is trading at resistance

▪️ friendly reminder for patience before re-entry

▪️ wait for a breakout or more likely pullback

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Bitcoin "local bottoms take time" thread (15/x)

28/07: ▪️ well deserved "accuracy unmatched" flex after nailing the whole month

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Bitcoin "local bottoms take time" thread (16/x)

28/07: ▪️ price action simplified

▪️ insights in the chart explain the current r:r ratio at both (descending broadening wedge & bear-flag) resistance

▪️ no re-entry yet

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Bitcoin "local bottoms take time" thread (17/x)

28/07: ▪️ Intraday breakout (BTC trading above Take Profit level after S/R flip descending broadening wedge) ▪️ didn't share the S/R flip entry 5% trade

▪️ resistance hit (thread of 2 tweets)✔️

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Bitcoin "local bottoms take time" thread (18/x)

29/07: ▪️ BTC trading at resistance

▪️ explaining two scenarios

- S/R flip entry only after breakout and pullback

- wait for pullback to HTF descending broadening wedge trendline

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This post is based on this twitter thread.

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