AlphaMex

Market Micro Sentiment II

BITMEX:ETHUSD   None
The reason why I shorted at 159 is that there is no Greed zone in here, and the impulse wave is shorten.

We can get two major sentiments in here:

A. The the crowd is not willing to buy in here.

B. The market makers are not agree on each others on this pump.

And I found a distribution behavior in the orderbook.

Let's get back to the micro trend sentiment.

After the Impulse wave, I didn't see any chop up behavior that represent the greed of fomo, that's the critical phenomenon of reaching the top. So, a spreading short around the top of there can be a very smart strategy cause no matter the market correct itself from 159 or higher 170 we will definitely dumps lower than here when it's due. This set of analysis is purely based on the sentiment spreading in the whole market. It's dynamic, unlike the fibonacci levels that fixed itself on a static rule, neither the ema, it's lagging. The next step is that I will train my AI to recognize all these patterns in the past and try to predict the reversal in real time, also try to recognize the HFT zone(shorting the Greed for quick profit) and buying back zone(the fear zone).

Achieve every thing but stay discipline
从心所欲不逾矩.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.