EXCUSE ME... MY NOSE IS CONSOLIDATING!
As a Grid Trader I'm constantly seeking consolidating price areas, sideways channels, and slowly trending prices where every ZIG and every ZAG is potential profit in my grids. Yep, I have a "nose" for Grid Trading and I love a consolidating market.
I hope you enjoy my Chart Art. Just horsing around!
OTHER CHART ART...
6/27/2022
Balance : 10000 baht
buy 9.40
100 position
cost 940 Baht
CF: 0
Equity : 9060 Baht
Order holding Zone : 9.40
Note : Now we confront on low volatile bear market ( Sideway down ),I have to decrease grid gap to generate cashflow easier. ( From 0.40 to 0.20 )
*In this Thesis I use for paper trading not a real account pls use for education only.
Until we get big volume, I think we will stay at this trendline. We could imagine a scenario where BTC pumps to retest the upper trendline. If it can NOT pass through, it will be a confirmation of a downturn and a great short entry. This is when things could get nasty.
As expected we are getting a good amount of volatility at this level. The best way to trade this is to set up a grid bot. You will risk very little and make gains out of random gains.
BITCOIN (BTC) - RANGE CYCLES - (MANIP ALGOS) - SMC
My charts are getting really complicated - too much? (tell me if yes)
On this chart I mainly wanted to show that bitcoin is doing very similar range phases repeatedly, my TA is mainly based on that, I have many other scenarios but I wanted to focus on the cycle idea today.
On top of that you can see multiple...
Currently price is consolidating in support (pink block) right now. Ideally I would link to see price close above pink support first.
RSI is slowly moving towards 42, which means it is still in a range. Which could work for a grid bot. Not so good for trend traders. 'll be waiting for confirmation from the Supertrend Ninja indicator. And a close above pink...
We're in a wave 2 (a correction wave) that targets 6277, we should bounce from there at least to 7957
The target of the correction maybe change in the road, if it did, I'll keep you updated
The global economy is looking bad everywhere, but the European economy is still doing worse than America. As technical traders, regardless of what is being said on the media, we have to stick to the bigger picture. My bias will only change if price holds above 1.3200 for the next week.
Here I am, sitting back with a cool bubbly, not a worry in the world.
My BTC trade is 1.2% in profit already, yet the current price is near where I started... How could that be? Maybe BTC will go up, maybe it won't, it's not me worry. I'm likely to make 6%+ on this trade regardless, but even if I'm off a bit... I'm 99% sure I'll walk away with a profit.
...
Chart speaks itself! Less is More!
Nothing to say here. I got my bag and waiting for it.
Avoid going long below the last support level that built in Nov 2016.
It was the time when I Joined the crypto.
For a safe trade, You can wait 1D Chart open-close above 0.0055 !
What I really want to say is that ;
A Harvard professor once asked his students to do a...
Harmonic sine wave grid (hswg) in action here on |BTC|. Oct-Nov potential rally if price follow purple since wave.. lets be vigilant because white sine wave is very powerful. will see in Dec 2018.. enjoy!
Cheers,
Keops
We are going for 15pips or to 110.750/110.500 as posibles TP
111.000 was rejected and we are looking for the confirmation of that Sell
Using grid method, When SL is hit at 30pips, we enter at the same trade with x2 the initial lots,
