Crypto Mumbles – Telegram
Crypto Mumbles
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things I mumble to myself about crypto

basically my transparent crypto diary

education, analysis, and trades 🙂

Twitter: https://twitter.com/dpycm
Medium: https://medium.com/@dpycm
Lifemax (non-crypto): t.me/humblespace
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Forwarded from Nithya
I too am grateful for the effort on the channel. It has helped me to understand some things better. Keep on going, please
btc still running in profits, still in the trade!

it has now found support in the previous resistance now support zone

trying it's best to break the minor resistance mentioned earlier in the day (the line)

three long wicks and still no break yet!!
if you're in the trade with me, set your SL to entry MINIMALLY

because if btc continuously fails to break the resistance, price will come back down
one very bullish thing to note,

although price could not close above the resistance line, it was not REJECTED.

it continued to test and test and that is bullish!!

#analysis
these are examples of REJECTION.

after failing to close above, immediately went back down

but that is not the current case so i'm sure we'll close above soon
ta-da!

and btc just closed above!

very relentless price action there
now the question is whether btc can hold this level above resistance
if we can hold this level well, i think we might see further move upwards to 36k in the coming hours
hey guys, i also have an instagram account as well if you'd like to follow!

i post my trades, some recap and some calls as well

ig @cryptomumbles !!

see yall there as well :-)
Crypto Mumbles
now the question is whether btc can hold this level above resistance
btc held well and the close above resistance led to another green candle above resistance

very similar to the price action this morning!
this is btc 1h tf

very possible Wyckoff accumulation happening, but still too early to say

if it really is a Wyckoff play, then the following is what would highly likely happen

#analysis
Crypto Mumbles
if you took the trade with me, congratulations! 🥳
this is my last trade for the day, will be letting it run

took a total of 4 trades today!

4 trades 4 Ws :-)
don't look to keep trading just because you have no open trades

only trade when there is a good opportunity or entry

by trading too much, you're simply increasing your chances of losing (overtrading)

as long as you are profiting everyday, the number of trades don't matter

that's trade discipline and that's how to be consistently profitable :-)

to the top with you,
cheers!!

#tips
:-)
great way to end a trading day!
Crypto Mumbles
:-)
very similar to this morning's situation,

once btc closed above the resistance line, price pumped
now, can we close above the next resistance that btc failed to break?
Crypto Mumbles
now, can we close above the next resistance that btc failed to break?
if btc closes above this resistance line, we should see some quick move upwards

but following that there might be a move back DOWN into the range

then btc will simply be showing a SOS (sign of strength)

so becareful here
Crypto Mumbles
if btc closes above this resistance line, we should see some quick move upwards but following that there might be a move back DOWN into the range then btc will simply be showing a SOS (sign of strength) so becareful here
just a note,

i am overall bullish on btc as mentioned multiple times in the channel so far

however, i just don't feel this is the break out yet for btc

i still feel that btc is ranging as of now hence my warning message
with btc being able to close above 35600 is a very good sign as its a sign of strength that btc wants to breakout

but as of now i think it can't sustain just yet