BlackMarketButcher

BlackMarketButcher

Guys, I posted this short option earlier this week, it's still live, Be aware that Eth is not respecting my levels though. Please be safe out there. I will be looking for a divergence

BlackMarketButcher Updated 

We have a 24m Divergence, however, we fell through all the supports I had on the chart. I took a low risk low leverage scalp with a tight SP. Personally, when my trade levels aren't respected well enough, this is what I do. If they are respected, I use normal risk management and Take profits at the levels marked on my chart.

BlackMarketButcher

Here are some updated levels. I will only execute the trades if we have a confirmed 24m divergence. The levels only have slight changes from the charts I posted on Friday. Hope this help, good luck!

BlackMarketButcher

Here is an updated and corrected chart, we are at thick resistance right now. I may scalp a short entry if we get to the VAH Value Area High and have a continuation of momentum on the 24m. My long targets have changed, but not much. The Golden Pocket which lines up with the previous Point of Control is my first long target. If we break out of this range, I will...

BlackMarketButcher

I have found the missing level from my last chart. I pulled the Fixed Range Volume tool on the weekly and found that we are at the All Time Value Area Low (VAL) & a High Volume Node. I also added the wick from the range high to the chart. So now that I found the "missing" resistance, I will redo my chart and update it on Sunday. For now I will post a new chart...

BlackMarketButcher

Im not personally trading BTC right now. But here are some levels to pay attention to. We are sitting above the POC currently. however, we have a 4hr Divergence cooking. If we look above you can see that the High Volume Node could turn into the next POC can be a major resistance. Good luck. I am more interested in the lower levels in order to long. If you are...

BlackMarketButcher

I have updated some levels because my previous levels have already been tapped. The point of control has flipped so I labeled the Previous Point of Control as "P POC". The current POC is at the previous High Volume Node. I will be looking for a bearish divergence on the 24m as we come up to the Gold Box I drew to execute my trade. It is almost the weekend so...

BlackMarketButcher

I didn't think of posting this the other day, two of my levels are already tapped... however, the POC level is still fair game! Hope these levels help out!

BlackMarketButcher

So we had a great short that worked out nicely. The first long I did not take, but it would have ended up to be a pretty good scalp because we had a nice reaction off of that level. The VAL (Value Are Low) which I did not mark as a long target was a great place to scalp and we did have confluence on MC B. So now that we tapped those levels and had reactions...

BlackMarketButcher

Doesn't seem like this is a strong divergence on the 24m for this long position... You could argue that the momentum is a double bottom because it's not really showing an uptrend. So I will wait, and analyze this as more time passes. We do have a secondary long position as back up though!

BlackMarketButcher

The 24m divergence happened, however I slept through it lol. No big deal, there's always another trade :) I just wanted to explain on the 24m chart because last night I posted the 4 hrs chart with my plan. Hope this articulate what triggers some of my trades. Hope all is well. Never fomo, if you miss a trade, just enter at the next point of confluence

BlackMarketButcher

Did some analysis on ETH because 900 to 1200 is a fair range to trade in. I decided to label my charts better so I can better articulate my thoughts. This is for local trades. I will be looking for a divergence on the 24m in order to execute these trades. I hope all is well with everyone! Enjoy the game!

BlackMarketButcher

Dabbling into a little Forex Stuff. We have a falling wedge pattern forming. I do identify momentum picking up as well. I am getting familiar with this exchange, so I'm committing a small position to see how the mechanics work.

BlackMarketButcher

Just some Targets I came up with if we turn this into the next range for the next couple of weeks. Stoploss areas are tight due to the fact that this is still super early to identify if this will be a range or not. If this range does play out, I am hoping it lasts up to a month or until late July.

BlackMarketButcher

There is a lot of dead space in this area where it might be a good condition for a nice range to scalp. This is one of the last stops before we see a $1200, $900, then $400 ETH. As we drop levels, we can see that Bitcoin is becoming more dominate. The bear market is the best chance to start accumulating and DCA. These are January/February 2021 levels. If we...

BlackMarketButcher

I wanted to post this yesterday, there is still time though. I can point out the double top, I can point out the huge divergence, or how the market is overbought... However on June 6th, a ton of financial media companies such as investors.com were saying this was a solid buy. This is the prime example of why the "news" or any other FA is not in my trading....

BlackMarketButcher Updated 

I would like to see momentum die down on the 24 min as we climb up to the local Golden Pocket to enter my short. This is my first short target, if those conditions are not met, I will look for the same type of pattern as we go into this range's POC. These will most likely be short scalps because the daily time frame looks bullish.

BlackMarketButcher

I would like to see a fakeout to the downside that makes a lower low in this range that will trap bears. I would like to see a divergence on the 24m time frame to enter this long. My secondary long would be in the low $1400 area. First short was executed, but was sloppy. My secondary short is still at the local range POC. I am still watching the daily time...