People want to know about Bitcoin, but do not know how other factors effect the moves in the market.
Take a zoom out and look at this...
What usually happens when you have a ascending move up? it's moving up with a hesitation, lack of conviction.
This isn't any old chart, it's the monthly view of SPY.
Back in November last year I shared a DXY chart (Dollar...
What would hurt retail the most?
This thought has made me more money than watching the news or wondering what caused that move.
The concept of the "Composite Operator", A Wyckoffian term, and it is the culprit of most major events in the market. Composite man as I call him is able to manipulate retail and the overall sentiment. A lot of people will say these...
Many people out there like to talk and share "Wyckoff" Information, unfortunately it's not as simple as people make out. Back in 2021 When I called an obvious distribution, it took a couple of months for many of the influencers to catch up. In the March, leading up to the first major all time high 64k levels. The market sentiment was "Re-accumulation"
So why...
Happy New Year to all!
Not updated publicly XRP for some time, here are a few notes on this pair.
Back in the middle of last year, we saw a nice move down to create its first MP move.
This followed by the value area being used multiple times before a move back up to the MP centre above.
Although XRP has it's own playbook, with the lack of liquidity...
This year has been a funny one, well actually over the last couple of years we have seen an escalation into what looks like a global recession on the horizon. Brexit, Covid, Ukraine, Trump vs Biden, Boris out, Liz out. Inflation - whatever next?!
I found a couple of cartoons and thought I would put them in a little gallery here. Non are my opinion, but found them...
I have thought long and hard about posting this particular post. I have shared similar posts over the last year, but never put all of the pieces together for a walkthrough on how Bitcoin has done EXACTLY as expected, institutional players have asserted their authority.
The misconception for majority of retail traders is, big boys in equals price going up....
DXY is becoming interesting, with the global views of recession. What's happening in Ukraine, will we see another Covid round? Many traders don't know which way to turn. DXY is a good indicator for majority of the markets - after all, most commodities purchased globally are done with USD. Keep an eye on the following move as this will trigger the SPX rally,...
Based off the first Painting of the roadmap publicly back last March. I have updated the plot back in November - so here's the 3rd variation.
Let's start back last March with this;
The extension levels pointed towards the $62,500 level. This was targeting the weekly 3 for a drop down to 28k territory. This was shown in the "they blew up the rocket" post....
Is there any intelligent life in crypto land?
People have jumped in this space on the assumption that we are only goin up. This reminds me of a certain film and can be broken down using key character traits.
So we have the followers; not doing much, if any analysis for themselves. Instead buying on the hope that Bitcoin & Crypto can only ever go up!
This...
Trading is supposed to be exciting, and it can be.
To be successful trading long-term, you need to utterly crush that impulse for daily excitement. Replace it by the lovely feel of banking larger profits on a monthly basis.
Look at the BTC chart above. It took 78 days for the weekly to break out of its accumulation pattern to start the 4-5 move. Here we are...
If you check out what me and my partner @Mayfair_Ventures have been saying for MONTHS, you will see that yesterday proved us right. If you are serious about trading, then take the time to actually read these posts and watch these streams, and you will learn a LOT.
Look at the Elliott Wave plot. We recognised the Big Blue 3 as the MONTHLY 3, leading us to expect a...
You might have already read this post below; but why this is still amazing for me, is that it's impressive to see an instrument becoming institutionalised in front of your eyes.
For such an infant in instrument terms - BTC is becoming more and more fascinating. If you have not read the year in the life of Bitcoin post, click here.
Go back towards the end of...
Over the last 12 months or so, I spent some time creating cartoons to work around some heavy educational topics. A lot of this is done by using the @TradingView Polyline tool. I wanted to share them in one place along with a chronology that might fit some pieces together for some of you in the community.
So let's walk through each;
For those who don't know me,...
Everyone has this burning FOMO; take a chill pill and relax. Bitcoin is becoming institutional, whilst most people will say that means more big money in, it must go up! They miss the fact, the same big money will want to accumulate!
It's actually very obvious when you take a step back and look at the big picture.
I got a lot of stick last year for posting the...
I recently wrote an article on Bitcoin and Gold. I think what a lot of people, can't seem to comprehend is the difference between money and currency. Store of value and the perception of store of value.
The Governments have played this game for hundreds of years. It's a closed loop system, adding Bitcoin is simply another tool for them to assert control - Perma...
All too often new retail traders are suckered into brokers with large sign up bonuses. These are often referred to as "B" book brokers whereby 9 times out of 10 your money never even hits the real market. They know 90% of people lose 90% of their accounts in 90 days. It doesn't stop there, you either have an influencer who doesn't even trade a live account, giving...
Many people simply do not understand economics; and why should they - it's Foooooking complex.
I hear and read, all the time. Bitcoin solves inflation - without any real sound logic as to why or how...
When you travel back in time, the monetary systems have changed and evolved but are moving further and further away from the "gold" standard. Now as a crypto...
In the post going back to February last year, I talked about the "VALUE AREA"
This level was the start of the Wyckoff movement for me, where the distribution would start to fall into place. You will see the value area highlighted in the main post with an orange horizontal line.
Press play on this and you will see much like a magnet, price comes back and...
