Today we go over the relevant pivots for trend using the ACAT indicator.
We have implied beginnings of new trend, stay safe out there and wait for the relevant pivots to form if you're not already short
Nobody has a buy order below support, which means anyone who stops out there are going to be blasting through the orderbook.
liquidity is tight, be careful and don't overleverage
Last night we had a clear mass generation on BTC and thankfully, that defines some clean pivots for compressionary trading. Long from 10k, short from 10.4k. The range will last until the 300 period WAVE PM goes below the 0.7 value.
It's a video!
today is looking pretty ripe for potentially high volatility. While a downside makes more intuitive sense, there's little reasoning to back up the play other than a good risk to reward ratio and a sustained long term structure. Play safe!
today we go over the pivots bitcoin has held.
How long will this upward move last? thankfully, we have a nice trend defining pivot to hold for us.
Bitcoin should go sideways for twelve hours, then we might see trend resumption.
Today I detail the daily 500 period support vs the short term trend on the 1h chart. Really clean setups on these charts today!
Today I go in depth on the variety of volume pumps and bidirectional stop hunting.