BlackMarketButcher

BlackMarketButcher

I havnt post in a while, but this might be a possible swing trade coming up. Im too lazy to explain =)

09:32

BlackMarketButcher

A short explanation of the trading plan I posted earlier. I am hoping that I can communicate my trading plan to where more people will understand how I come up with these levels. Hope this helps explain a little bit better.

BlackMarketButcher

We have a nice clean rejection off the monthly level. However I would like to see ETH pump to about 1320 with divergences on the 24min and below. There is a high level of confluence from 1316 to 1320 that we should get a reaction off of. So far ETH has been very respectful of these levels and this could possibly be a sign that the 1320 level will have a clean...

BlackMarketButcher

If two 30min candles close below the previous day Value Area High, This will trigger my short position. Stoploss is above last swing high. Take Profit 1 will be at the Previous Day Point of Control Take Profit 2 will be at the Previous Day Value Area Low Thanks you

14:59

BlackMarketButcher

Why I don't long a retest: Weekends are often misleading. I go over a couple of scenarios of possible trades I will take. I also go over why I avoid trading breakouts or retests.

12:12

BlackMarketButcher

I post ideas and sometimes probability happens to be in my favor. However, sometimes my ideas don't work out and the price blasts through my entry targets. I use a simple trigger that helps decide whether or not to enter a trade. If you do not have a trigger, what this to see one of the triggers I use to enter trades. This video I go over divergences. I...

BlackMarketButcher

This is definitely slow mo I do not think ETH will reach my short entry anytime soon. Been scalping the highs and lows of this range and these scalps feel like swing trading lol. I guess I'll go pick up a hobby or something and come back when the markets start ripping again. It was a fun Bull Run, It was a fun crash to ride too. Can't wait until 2024!!!

BlackMarketButcher

The Golden FIB is at it again! This time it did its magical powers on Inflation. What can can Mr. FIB do next? Will its power dominate the world?!?!?!

BlackMarketButcher

ETH has been dead for the past few weeks, but here is a possibility that may play out if we follow Market Structure. The short position I have is a thick resistance. We have a golden pocket within the range Point of Control. I do expect to get a reaction on that resistance if we manage to climb up to it. The Long position is weak. If this long does play out, I...

BlackMarketButcher

I wish we could stay in this range forever, I was able to get some good scalp practice in. All good things must come to an end though. My initial plans are still the same. IF WE DO get a clear rejection off of this next level, I'm going to take profits at TP 1 and pull my stop loss at my entry. If we are blessed by the bear gods, we can possibly ride this short...

BlackMarketButcher

The last Crash had over a 35% drop on the S&P 500 I took the Short Position measuring tool and dragged it over. I then took a Fib Retrace Tool and pulled it from the bottom of the COVID Crash to the All Time High. The trend line I lined up until it intersected both FIB levels and 35% from the ATH. I got some Confluence at that level and the timeline from the...

13:17

BlackMarketButcher

Here are some targets I have for the week. These levels are areas that I am expect a reaction from the price. I will be looking for Divergences to confirm my entries. Hope that some of these levels make sense and help with your TA. Good luck

BlackMarketButcher

I do not typically trade on the weekends due to low volume, but I practice paper set ups. This could be a fun range to scalp this weekend. Fixed Ranged Volume Profile and FIB's: When Volume is low and markets settle down, using volume tools can help you backtest scalp trades. For example, when we lose the Point of Control, do you short? 1) plan a stoploss...

03:58

BlackMarketButcher

A quick video of adjustments I make to my charts as price prints. This is basically a part 2 from my last video.

BlackMarketButcher

I'm still riding this long, but just above we have a golden pocket and a high volume node. This could be a place that we may be able to scalp if we get a bearish divergence on the 24m and below. This is very local, my previous chart has more data for other possible short entries.

BlackMarketButcher

We are almost to one of my Long entries. There are over 8million shorts on ByBit. I would like to see a divergence on the 6m-24m as we come down. On ExoCharts I want to see more shorts entering the market. If this happens, this will create good liquidity and trap bottom shorters. I would like to see a swing pattern failure of course with us wicking into the...

16:44

BlackMarketButcher

Generally how I set up my trading plans. I found that having too many levels can cripple your trading and have you in analysis paralysis. To prevent this, I set up trades that have confluence. I am unbiased on which way the market is headed, I just wait for price to hit my levels of interest. I do not watch the news and do not pay attention to DXY or see how...

BlackMarketButcher

These are my levels that I plan on trading this week. The Gold boxes represent areas of confluence. Volume: above around 1573 we have the range point of control. We could wick up to the last pivot(lp) golden pocket. I want to see a divergence on the 24m and below on Market Cipher B, if you dont have MCB, you can use an RSI Divergence. Below we have a High...