Hello trader so I’d been trading and posting BTCUSD moves since Sunday with pin point accuracy.
Each and every turn I’d called hours before it taken placed.
Now what’s the next step for BTCUSD
As I said I’m bearish still but at a higher level or prices as I’d mentioned in the comments on another post
Let me explain why and where we go from here
When a market will try to correct itself before it reverse and the fail correction swing in an uptrend leads to a weak move upward resulting in a fail attempt at a higher high
So we must expect a higher attempt regardless of time. Ex I mention months ago on audusd. Eurusd that the market is still bullish even thou it was selling for a month cuz each trending market has to be giving its due respect and not to count it out without a second higher failure at a near price level. And what happen on those pairs? They corrected and went higher a lot higher. So this applies to all markets
Now what we have and here that is visible is a divergent higher higher that lead to the drop we been in.
Now what isn’t so visible is what I’ll go over
The retrace of this drop found support at the range it came from. As I’d mention this in my last post in the box here but also this ranges is flooded with bearish candles
Now if we play this as it is been played we have a breakout retest.
Now this came in a star pattern
And with them the doji or spinning top candles are support for the pattern thus let me correct the miseducation with how to trade the pattern as text books will tell you to that the following candles go long sl at the low wick. Well forex been stop hunting this as it to every other text book bs. What you look for is a test on the upper spinning top wick never buy the next candle after the patten or the the pattern itself Let price retrace to the spinning top wick and as we see here this is what price did.
So if you read my other post on BTCUSD I’d explain what is the best moving average every trader should use . There isn’t one that will out preform it based on the info it gives you about the market players and the volume applied I’ll link that post here.
Now with this average we have to see volume come into the market to penetrate it as we see here in the circles but the second circle didn’t have volume so it failed as expected in the first test.
Now putting this all together
We see high volume breaking the average
Made a low into the range
The range responded making a star pattern
The market test the average with weak volume as expected on the first test
Price retrace and found support at the spinning top Wick
So we can actually see what price is doing what is the next step
Well there are two ways the market will play
1. Try at the average again
If volume come at this attempt than we can buy
2. The complex correction is what I’m interested in seeing. I’ll explain what and why.
The why first
As it will give the market the opportunity trap more traders
As it is in this head n shoulders like formation but tbh this isn’t a tradable hs . Why? The shoulders need to be close to proportions as the head. Not less than 20% lol.
So to play on this will stop many traders
Now as with high volume in a consistent waves this means correction. All Markets corrects itself by acceleration. So if you see a rapid increase in price and then it stops this is a correction in action
Now from the break of the average in yellow we see the high volume and acceleration test went into the range this is also the first corrective swing. And what we are trading in now it’s the body
So ideal we want to see a second corrective swing at the low
This will give the illusion of a head n shoulder breakout
With a lower low
As price makes a divergence w out of a hidden channel and go up to test the previous high
As we shouldnt expect a reversal without this. Even classic head shoulders patterns don’t reverse a market only double tops do! Hs will pullback the market but it won’t change it macro wise.
HOW TO TRADE LIKE THEM-
for those looking to invest in the market as these times the market is providing positions of untestable entries as most markets are changing direction and this happens once a decade
I have positions available to trade and monitor for you. I’ll coach you through and explain the trade in depth via zoom. Serious injuries plz
Each and every turn I’d called hours before it taken placed.
Now what’s the next step for BTCUSD
As I said I’m bearish still but at a higher level or prices as I’d mentioned in the comments on another post
Let me explain why and where we go from here
When a market will try to correct itself before it reverse and the fail correction swing in an uptrend leads to a weak move upward resulting in a fail attempt at a higher high
So we must expect a higher attempt regardless of time. Ex I mention months ago on audusd. Eurusd that the market is still bullish even thou it was selling for a month cuz each trending market has to be giving its due respect and not to count it out without a second higher failure at a near price level. And what happen on those pairs? They corrected and went higher a lot higher. So this applies to all markets
Now what we have and here that is visible is a divergent higher higher that lead to the drop we been in.
Now what isn’t so visible is what I’ll go over
The retrace of this drop found support at the range it came from. As I’d mention this in my last post in the box here but also this ranges is flooded with bearish candles
Now if we play this as it is been played we have a breakout retest.
Now this came in a star pattern
And with them the doji or spinning top candles are support for the pattern thus let me correct the miseducation with how to trade the pattern as text books will tell you to that the following candles go long sl at the low wick. Well forex been stop hunting this as it to every other text book bs. What you look for is a test on the upper spinning top wick never buy the next candle after the patten or the the pattern itself Let price retrace to the spinning top wick and as we see here this is what price did.
So if you read my other post on BTCUSD I’d explain what is the best moving average every trader should use . There isn’t one that will out preform it based on the info it gives you about the market players and the volume applied I’ll link that post here.
Now with this average we have to see volume come into the market to penetrate it as we see here in the circles but the second circle didn’t have volume so it failed as expected in the first test.
Now putting this all together
We see high volume breaking the average
Made a low into the range
The range responded making a star pattern
The market test the average with weak volume as expected on the first test
Price retrace and found support at the spinning top Wick
So we can actually see what price is doing what is the next step
Well there are two ways the market will play
1. Try at the average again
If volume come at this attempt than we can buy
2. The complex correction is what I’m interested in seeing. I’ll explain what and why.
The why first
As it will give the market the opportunity trap more traders
As it is in this head n shoulders like formation but tbh this isn’t a tradable hs . Why? The shoulders need to be close to proportions as the head. Not less than 20% lol.
So to play on this will stop many traders
Now as with high volume in a consistent waves this means correction. All Markets corrects itself by acceleration. So if you see a rapid increase in price and then it stops this is a correction in action
Now from the break of the average in yellow we see the high volume and acceleration test went into the range this is also the first corrective swing. And what we are trading in now it’s the body
So ideal we want to see a second corrective swing at the low
This will give the illusion of a head n shoulder breakout
With a lower low
As price makes a divergence w out of a hidden channel and go up to test the previous high
As we shouldnt expect a reversal without this. Even classic head shoulders patterns don’t reverse a market only double tops do! Hs will pullback the market but it won’t change it macro wise.
HOW TO TRADE LIKE THEM-
for those looking to invest in the market as these times the market is providing positions of untestable entries as most markets are changing direction and this happens once a decade
I have positions available to trade and monitor for you. I’ll coach you through and explain the trade in depth via zoom. Serious injuries plz
