I'm always reminded to KISS (Keep it simple stupid) so I added to my long position here.
I will feel comfortable if we drop to 40k, where I will add again.
Remember a lot of tight stop losses just got penetrated so we have tons of liquidity to explode higher into the highs.
We previously slammed into that 50k level and dropped like a rock (like I said would...
Will this be the final long before the drop?
I see ADA dropping to previous demand imbalance around 2.2/2.1/2.0 by this time next week.
I then expect a strong buy movement coming in and breaking the highs, fakeout the highs and then dump again.
Also a clear divergence between price and vol. For those that knows my posts will know this divergence.
When you are able to observe the patterns that occur at whole numbers (in this case 3k) your trading will gain structure and stability so let me show you how I do it.
"Consequently, these prices act as a psychological line which work well as support and resistance." - DailyFX
It's not your fault when you have taken big losses in the past, you simply may not have...
Never rely on luck.
It will fail you again and again.
Commit to a process, totally and completely.
If the process does NOT work you will know after 20 or so trades.
And guess what you need to do then?
Simply find a new strategy, commit to the process for 20 trades until you know you have the one setup that is consistent.
Do you know how I found my...
You are taught to " Buy the dip ".
You are told " The trend is your friend "
But what is the dip and what is the trend, subjectivity destroys traders every single day.
I see so many traders trading supply and demand zones so reckless .
Every trader I watch just marks random zones and calls them supply and demand.
What is that?
When picking a supply or...
There will most likely be a 25% to 35% drop in BNTX over a very short period of time.
If we gap down Tuesday then expect it to drop the whole day.
Reasons: Price and volume divergence, over-extesnion of price and emotions, demand imbalances are way lower, topping formations intra-day.
Strong Topping Pattern forming on SPY and other institutionally owned stocks.
I think it could be a good bet to short the market if we have a gap up tommorow along with any pullbacks. It may continue into mondays close.
Bitcoin is dropping from my last danger zone, now I am predicting a new one around 55k.
We can drop straight down from here but most likely we will have one last bounce higher to 55k before dropping.
Price target is 15-20k.
Short BTC. Haters Welcome.
I have been telling you for 2 months we are in a topping formation, so dont say I did't warn you.
Historical analogue points to bear reversal
Head and shoulders pattern
Fake out double top
Bearish candlesticks on the monthly/weekly TF
Supply zones being respected, demand zones being removed
Key levels being respected
Sp500 is starting to crash. You can check my previous content as to why but a quick breakdown is as follows;
News catalyst (colonial pipeline)
big tech/sp500 divergence
The white house did a press conference today talking about the "cyber attack" on the colonial pipeline.
They said that the "Hackers" are using virtual currencies to fund there "attacks" and that the US Treasury has created a task force called financial action taskforce to tackle these virtual currencies.
Expect some FUD coming into the space on a government...
You all know I am short biased right now. No I am not selling my bitcoin, no I am not taking leveraged shorts, I am simply waiting for 15-20k to be hit where I will load up on longs as discussed previously.
But serious question who is buying here? I want comments, show yourself, accountability :)