Ok trade from your truly as I had been telling each and every major move on BTCUSD this week with sniper precision. As I’ll link all to this post so you can go and validate every thing with what price did.
Now I said from the beginning price would retrace to the black box it did. I explain why
I said price would make a fake hs pattern as a correction swing in the orange circle here in which it did and more importantly I told and explained why this market isn’t bearish yet without another attempt to make a higher high in which it’s doing. Yet I wonder how many traders read my posts with a sealed heart. N guess what you earned your losses here. You don’t have to like my post that doesn’t bother me but what you will do is remember what I said..
Now I’d also explained why this ,macro look alike hs pattern wouldn’t work and which it didn’t
I’d explained why this swing up is weak and that’s where I’ll continue.
Now from the pervious post explaining the orange circle area
I’d said the swing up will be weak as price didn’t initially breach the last selling candle and went up and made a double top in which price retraced and to only breach it currently
Now this shows that the bears are still in hand
And this swing is just a stop move. To reinforce this let’s look at the black circles here
As I also gave yal the best average to trade with and here right now I’ll be able to give you the visual with why it is so and how this average can give you so much market insight and validation
Now I told yal this average is based off of volume/price thus it give the overbrought and oversold value of price. And volume is added around it by the player cuz it gives them the best price to placed volume.
Therefore I said for price to break the average it requires volume. Thus if volume hadn’t been added during the breach the move isn’t market supportive. Now notice in the black circle we can clearly see volume added around the average at every cross( I have colored candies for ease of visual) now notice the last break is just a regular candle. Thus this correlate with what I said initially about this swing upward. It’s weak from the first move upward to now. The move is to get ppl trying to by a pullback into the bullish trend.
As I must advice and as I teach my students NEVER BUY THE FIRST PULLBACK AFTER A CORRECTION INTO THE CURRENT TREND. Why.? Cuz the market will trap you! I seen this take place on all time frames every time. Look at gold etc weekly as this moves played out at its best. There we can see the bullish trend , a weekly pullback next and than a bullish candle following and then a bearish candle retracing the whole pervious bullish candle - trapping traders trying to buy back into the trend after a pullback. As this is what we are taught to do. Buy the pullback wait for the market to pull back to enter. And 9/10 youll get trap if you try to cont trend trading. Why? You have to understand the market is 100% psychology and price action just confirms it. The market plays on emotions of traders.
Now this method of the market is just what a m pattern or w pattern is. Ex m pattern the trend is up, the pullback comes, traders try to buy the first pullback the market goes up briefly and reverse making the last leg of the m trapping traders in the middle the necktie of the m. Can you visual this yet? If not draw it out and analyze the swings within a m or w pattern.
Thus back to BTC this swing is just that macro.
So one shouldn’t be buying as into buying back into the trend until price makes a solid high higher and beaching the price that sold the markets now you can trade it but just beware it’s not the continuation move you may think! So protect you investment and trade it accordingly
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
Now I said from the beginning price would retrace to the black box it did. I explain why
I said price would make a fake hs pattern as a correction swing in the orange circle here in which it did and more importantly I told and explained why this market isn’t bearish yet without another attempt to make a higher high in which it’s doing. Yet I wonder how many traders read my posts with a sealed heart. N guess what you earned your losses here. You don’t have to like my post that doesn’t bother me but what you will do is remember what I said..
Now I’d also explained why this ,macro look alike hs pattern wouldn’t work and which it didn’t
I’d explained why this swing up is weak and that’s where I’ll continue.
Now from the pervious post explaining the orange circle area
I’d said the swing up will be weak as price didn’t initially breach the last selling candle and went up and made a double top in which price retraced and to only breach it currently
Now this shows that the bears are still in hand
And this swing is just a stop move. To reinforce this let’s look at the black circles here
As I also gave yal the best average to trade with and here right now I’ll be able to give you the visual with why it is so and how this average can give you so much market insight and validation
Now I told yal this average is based off of volume/price thus it give the overbrought and oversold value of price. And volume is added around it by the player cuz it gives them the best price to placed volume.
Therefore I said for price to break the average it requires volume. Thus if volume hadn’t been added during the breach the move isn’t market supportive. Now notice in the black circle we can clearly see volume added around the average at every cross( I have colored candies for ease of visual) now notice the last break is just a regular candle. Thus this correlate with what I said initially about this swing upward. It’s weak from the first move upward to now. The move is to get ppl trying to by a pullback into the bullish trend.
As I must advice and as I teach my students NEVER BUY THE FIRST PULLBACK AFTER A CORRECTION INTO THE CURRENT TREND. Why.? Cuz the market will trap you! I seen this take place on all time frames every time. Look at gold etc weekly as this moves played out at its best. There we can see the bullish trend , a weekly pullback next and than a bullish candle following and then a bearish candle retracing the whole pervious bullish candle - trapping traders trying to buy back into the trend after a pullback. As this is what we are taught to do. Buy the pullback wait for the market to pull back to enter. And 9/10 youll get trap if you try to cont trend trading. Why? You have to understand the market is 100% psychology and price action just confirms it. The market plays on emotions of traders.
Now this method of the market is just what a m pattern or w pattern is. Ex m pattern the trend is up, the pullback comes, traders try to buy the first pullback the market goes up briefly and reverse making the last leg of the m trapping traders in the middle the necktie of the m. Can you visual this yet? If not draw it out and analyze the swings within a m or w pattern.
Thus back to BTC this swing is just that macro.
So one shouldn’t be buying as into buying back into the trend until price makes a solid high higher and beaching the price that sold the markets now you can trade it but just beware it’s not the continuation move you may think! So protect you investment and trade it accordingly
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
