6 DAYS INSANITY: 35 Times Have The Whales Stolen Your Money
The Headline is a bit misleading, but the point I'm making here is super important. I do this to help you, because I witness all the time how Whales and Smart Money keep stealing your Money. And if you are not aware of these things you are the small fish in the market, which keep getting eaten by the big fish.
This is a Follow Up on in series: Understand How the Whales Thinks, and How they make Money of You!
If you have read yesterdays post, you know how we are taught to place a position on side of the support or resistance and the Stop Loss on the respectively opposite side of that.
It's fair to assume that 8,000 USD is a Key Level, and that 7,900-8,100 USD is an important zone, where people usually will take a lot of positions. Either they choose to go LONG or SHORT. Our Volume Profile is confirming that.
Kill, Kill, Kill, Kill.... - How they bait you!
As you can see, we have in only 6 days going back and forward 8,000 USD at least 35 times, which have Stopped out and liquidated people for millions of dollars.
Some of it is obviously normal evolved price movement, from what we can expect, if we look at our TA princicples. But a lot of it is also designed to bait you into go long or short, and then kill you after.
My Advice for You
Its always very hard to trade near these key levels. So I will suggest that you DONT leverage trade if you arent super experienced. Right now the Market Sentiment and Bitcoin is super Bullish so you can either go long with very little leverage, or just accumulating Bitcoins or take a look at the altcoin, which have fared better than Bitcoin latest.
One thing is certain. The future is bright, and I will do what I can to help you!
D4
Please give a LIKE!
This is a Follow Up on in series: Understand How the Whales Thinks, and How they make Money of You!
If you have read yesterdays post, you know how we are taught to place a position on side of the support or resistance and the Stop Loss on the respectively opposite side of that.
It's fair to assume that 8,000 USD is a Key Level, and that 7,900-8,100 USD is an important zone, where people usually will take a lot of positions. Either they choose to go LONG or SHORT. Our Volume Profile is confirming that.
Kill, Kill, Kill, Kill.... - How they bait you!
As you can see, we have in only 6 days going back and forward 8,000 USD at least 35 times, which have Stopped out and liquidated people for millions of dollars.
Some of it is obviously normal evolved price movement, from what we can expect, if we look at our TA princicples. But a lot of it is also designed to bait you into go long or short, and then kill you after.
My Advice for You
Its always very hard to trade near these key levels. So I will suggest that you DONT leverage trade if you arent super experienced. Right now the Market Sentiment and Bitcoin is super Bullish so you can either go long with very little leverage, or just accumulating Bitcoins or take a look at the altcoin, which have fared better than Bitcoin latest.
One thing is certain. The future is bright, and I will do what I can to help you!
D4
Please give a LIKE!
Comment:
We should drop now. Head and Shoulder, and Descending wedge. But as I said it is a very toxic area with Stop Hunting all the time.
Comment:
Point Proven.. Number 36!!
Comment:
Crucial Moment for Bitcoin when we hit number 37 time. We are inside a neutral triangle, and BTC HAS to choose a direction soon short term!
